USMVvsQLVETF Comparison
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iShares MSCI USA Min Vol Factor ETF (USMV) belongs to the US Low Volatility segment. Northern Trust US Quality Low Volatility ETF (QLV) is part of the US Multi-Factor segment. USMV's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, QLV's top sector exposures are Technology, Healthcare and Finance. USMV is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.09% for QLV. USMV is up 10.92% year-to-date (YTD) with -$786M in YTD flows. QLV performs better with 15.22% YTD performance, and +$16M in YTD flows. Run a side-by-side ETF comparison of USMV and QLV 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 QLV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USMV QLV | +5.62%+4.29% | +6.36%+6.33% | +10.92%+15.22% | +10.52%+15.09% | +51.95%+68.97% | +44.53%+64.10% |
| Flows | USMV QLV | -$374M+$8M | -$685M+$10M | -$786M+$16M | -$964M+$16M | -$11.52B-$83M | -$11.86B-$47M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USMV QLV | +8.42%+6.79% | +8.51%+7.59% | +10.09%+10.25% | +12.18%+12.80% |
| Max drawdown | USMV QLV | -4.20%-2.61% | -6.41%-6.16% | -9.29%-11.95% | -17.91%-18.21% |
| Max drawdown duration | USMV QLV | 53d36d | 122d71d | 75d186d | 713d712d |
Trading data
USMV | QLV | |
Last sale 10/27/2026 at 1:30 PM | $103.05 | $81.95 |
| Previous close 10/26/2026 | $103.42 | $82.09 |
| Consolidated volume 10/26/2026 | ||
| 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 | QLV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
USMV | QLV | |
|---|---|---|
| Last price | $103.05 | $81.95 |
| 1D performance | -0.36% | -0.17% |
| AuM | $24.19 B | $182.60 M |
| E/R | 0.15% | 0.09% |
Characteristics
USMV | QLV | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Northern Trust |
| Benchmark | MSCI USA Minimum Volatility Index | Northern Trust Quality Low Volatility Index |
| N° of holdings | 174 | 115 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2011 | July 16, 2019 |
| ESG | No | No |
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Exposure
Countries
USMV
USA
93.38%
Other
6.62%
QLV
USA
94.33%
Other
5.67%
Sectors
USMV
Technology
30.3%
Finance
14.91%
Healthcare
14.04%
Consumer Non-Cycl.
10.69%
Other
30.07%
QLV
Technology
34.34%
Healthcare
13.91%
Finance
13.62%
Consumer Non-Cycl.
9.59%
Other
28.53%
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Diversification
USMV
Total weight of top 15 holdings out of 15
21.69%
QLV
Total weight of top 15 holdings out of 15
42.42%
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%
QLV
Microsoft Corp.
6.32%
NVIDIA Corp.
6.26%
Apple, Inc.
5.67%
Johnson & Johnson
4.37%
AbbVie, Inc.
2.40%
ExxonMobil Holdings Corp.
2.29%
Visa, Inc.
2.21%
Alphabet, Inc.
1.90%
Berkshire Hathaway, Inc.
1.81%
Broadcom Inc.
1.62%
Mastercard, Inc.
1.62%
The Coca-Cola Co.
1.52%
Eli Lilly & Co.
1.51%
Merck & Co., Inc.
1.49%
Alphabet, Inc.
1.44%
Frequently asked questions about USMV and QLV
How have the USMV and QLV ETFs performed in 2026?
As of October 26, 2026, USMV is up 10.92% year-to-date (YTD), while QLV has returned 15.22%. That puts QLV better performer ahead so far this year.
Which ETF is attracting more investor money: USMV or QLV?
Year-to-date, the USMV ETF saw -$786M in flows, compared to +$16M for QLV.
Which ETF is more volatile: USMV or QLV?
Over the past year, USMV had a volatility of 8.51%, while QLV experienced 7.59%.
Which ETF is bigger: USMV or QLV?
As of October 26, 2026, USMV holds $24.19 B in assets under management (AUM), while QLV manages $182.60 M.
What sectors do the USMV and QLV ETFs invest in?
USMV leans toward sectors like Technology, Finance and Healthcare. Meanwhile, QLV focuses on Technology, Healthcare and Finance.
What are the top holdings of the USMV ETF and QLV ETF?
USMV top holdings include Microsoft Corp., Amphenol Corp. and NVIDIA Corp.. QLV holds in its top three: Microsoft Corp., NVIDIA Corp. and Apple, Inc..
Which ETF is more diversified: USMV or QLV?
USMV holds 174 securities with 21.69% of its assets in the top 15. QLV has 116 securities and a top 15 weight of 42.42%.
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