USMVvsPFMETF Comparison
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iShares MSCI USA Min Vol Factor ETF (USMV) belongs to the US Low Volatility segment. Invesco Dividend Achievers ETF (PFM) is part of the US High Dividend segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. USMV is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.52% for PFM. USMV is up 10.53% year-to-date (YTD) with -$745M in YTD flows. PFM performs better with 13.17% YTD performance, and -$35M in YTD flows. Run a side-by-side ETF comparison of USMV and PFM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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USMV vs PFM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USMV PFM | +5.25%+3.95% | +5.99%+2.39% | +10.53%+13.17% | +10.13%+13.33% | +53.20%+71.37% | +45.56%+65.80% |
| Flows | USMV PFM | -$333M-$3M | -$644M-$3M | -$745M-$35M | -$923M-$25M | -$11.37B-$100M | -$11.86B-$179M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USMV PFM | +8.40%+8.25% | +8.50%+9.35% | +10.07%+11.71% | +12.17%+13.40% |
| Max drawdown | USMV PFM | -4.20%-5.17% | -6.41%-7.08% | -9.29%-14.65% | -17.91%-17.94% |
| Max drawdown duration | USMV PFM | 53d75d | 122d77d | 75d128d | 713d561d |
Trading data
USMV | PFM | |
Last sale 10/28/2026 at 1:30 PM | $102.91 | $57.83 |
| Previous close 10/27/2026 | $103.05 | $57.66 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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USMV | PFM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
USMV | PFM | |
|---|---|---|
| Last price | $102.91 | $57.83 |
| 1D performance | -0.14% | +0.29% |
| AuM | $24.15 B | $805.44 M |
| E/R | 0.15% | 0.52% |
Characteristics
USMV | PFM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Invesco |
| Benchmark | MSCI USA Minimum Volatility Index | NASDAQ US Broad Dividend Achievers Index |
| N° of holdings | 174 | 428 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2011 | September 15, 2005 |
| ESG | No | No |
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Exposure
Countries
USMV
USA
93.38%
Other
6.62%
PFM
USA
96.39%
Other
3.61%
Sectors
USMV
Technology
30.3%
Finance
14.91%
Healthcare
14.04%
Consumer Non-Cycl.
10.69%
Other
30.07%
PFM
Technology
23.17%
Finance
20.9%
Healthcare
17.13%
Consumer Non-Cycl.
10.9%
Industrials
9.55%
Other
18.35%
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Diversification
USMV
Total weight of top 15 holdings out of 15
21.69%
PFM
Total weight of top 15 holdings out of 15
38.18%
Top 15 holdings
Data as of August 31, 2026
USMV
Microsoft Corp.
1.56%
Amphenol Corp.
1.52%
NVIDIA Corp.
1.52%
Motorola Solutions, Inc.
1.51%
Welltower, Inc.
1.50%
Verizon Communications, Inc.
1.45%
Johnson & Johnson
1.45%
Chubb Ltd.
1.45%
Merck & Co., Inc.
1.45%
Vertex Pharmaceuticals, Inc.
1.43%
Berkshire Hathaway, Inc.
1.41%
ExxonMobil Holdings Corp.
1.40%
Cisco Systems, Inc.
1.36%
Duke Energy Corp.
1.35%
McKesson Corp.
1.33%
PFM
Microsoft Corp.
4.34%
Eli Lilly & Co.
3.95%
Apple, Inc.
3.90%
JPMorgan Chase & Co.
3.38%
Broadcom Inc.
3.22%
Walmart, Inc.
2.91%
ExxonMobil Holdings Corp.
2.31%
Johnson & Johnson
2.28%
Visa, Inc.
2.25%
Mastercard, Inc.
1.85%
AbbVie, Inc.
1.63%
Cisco Systems, Inc.
1.58%
Oracle Corp.
1.56%
Bank of America Corp.
1.55%
Costco Wholesale Corp.
1.48%
Frequently asked questions about USMV and PFM
How have the USMV and PFM ETFs performed in 2026?
As of October 27, 2026, USMV is up 10.53% year-to-date (YTD), while PFM has returned 13.17%. That puts PFM better performer ahead so far this year.
Which ETF is attracting more investor money: USMV or PFM?
Year-to-date, the USMV ETF saw -$745M in flows, compared to -$35M for PFM.
Which ETF is more volatile: USMV or PFM?
Over the past year, USMV had a volatility of 8.5%, while PFM experienced 9.35%.
Which ETF is bigger: USMV or PFM?
As of October 27, 2026, USMV holds $24.15 B in assets under management (AUM), while PFM manages $805.44 M.
What sectors do the USMV and PFM ETFs invest in?
USMV leans toward sectors like Technology, Finance and Healthcare. Meanwhile, PFM focuses on Technology, Finance and Healthcare.
What are the top holdings of the USMV ETF and PFM ETF?
USMV top holdings include Microsoft Corp., Amphenol Corp. and NVIDIA Corp.. PFM holds in its top three: Microsoft Corp., Eli Lilly & Co. and Apple, Inc..
Which ETF is more diversified: USMV or PFM?
USMV holds 174 securities with 21.69% of its assets in the top 15. PFM has 428 securities and a top 15 weight of 38.18%.
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