USMVvsSPLVETF Comparison
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iShares MSCI USA Min Vol Factor ETF (USMV) and Invesco S&P 500® Low Volatility ETF (SPLV) belong to the same industry segment: US Low Volatility. USMV's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, SPLV's top sector exposures are Finance, Utilities and Industrials. USMV is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.25% for SPLV. USMV is up 5.32% year-to-date (YTD) with -$392M in YTD flows. SPLV performs worse with 0.9% YTD performance, and -$287M in YTD flows. Run a side-by-side ETF comparison of USMV and SPLV 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 SPLV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USMV SPLV | -2.45%-4.91% | +0.53%-7.16% | +5.32%+0.90% | +5.03%-0.36% | +43.30%+30.09% | +45.37%+29.16% |
| Flows | USMV SPLV | -$66M+$179M | -$8M+$304M | -$392M-$287M | -$712M-$637M | -$12.46B-$2.56B | -$10.84B-$1.37B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USMV SPLV | +8.40%+9.85% | +8.40%+10.40% | +10.10%+11.09% | +12.18%+12.41% |
| Max drawdown | USMV SPLV | -4.20%-9.22% | -6.41%-9.22% | -9.29%-9.22% | -17.91%-17.25% |
| Max drawdown duration | USMV SPLV | 36d66d | 122d66d | 75d66d | 713d793d |
Trading data
USMV | SPLV | |
Last sale 10/5/2026 at 6:33 PM | $98.94 | $71.19 |
| Previous close 10/02/2026 | $98.21 | $70.89 |
| Consolidated volume 10/02/2026 | ||
| 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 | SPLV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/5/2026 at 6:33 PM
Live
Closed
USMV | SPLV | |
|---|---|---|
| Last price | $98.94 | $71.19 |
| 1D performance | +0.74% | +0.42% |
| AuM | $23.35 B | $6.92 B |
| E/R | 0.15% | 0.25% |
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Exposure
Countries
USMV
USA
93.38%
Other
6.62%
SPLV
USA
96.06%
Other
3.94%
Sectors
USMV
Technology
30.3%
Finance
14.91%
Healthcare
14.04%
Consumer Non-Cycl.
10.69%
Other
30.07%
SPLV
Finance
41.12%
Utilities
26.71%
Industrials
9.25%
Consumer Non-Cycl.
7.65%
Other
15.27%
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Diversification
USMV
Total weight of top 15 holdings out of 15
21.69%
SPLV
Total weight of top 15 holdings out of 15
18.36%
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%
SPLV
Berkshire Hathaway, Inc.
1.36%
Duke Energy Corp.
1.26%
Regency Centers Corp.
1.26%
WEC Energy Group, Inc.
1.26%
FirstEnergy Corp.
1.25%
Atmos Energy Corp.
1.24%
Evergy, Inc.
1.24%
Alliant Energy Corp.
1.22%
Realty Income Corp.
1.21%
Loews Corp.
1.20%
CenterPoint Energy, Inc.
1.19%
Pinnacle West Capital Corp.
1.17%
Federal Realty Investment Trust
1.17%
DTE Energy Co.
1.17%
CMS Energy Corp.
1.16%
Frequently asked questions about USMV and SPLV
How have the USMV and SPLV ETFs performed in 2026?
As of October 2, 2026, USMV is up 5.32% year-to-date (YTD), while SPLV has returned 0.9%. That puts USMV better performer ahead so far this year.
Which ETF is attracting more investor money: USMV or SPLV?
Year-to-date, the USMV ETF saw -$392M in flows, compared to -$287M for SPLV.
Which ETF is more volatile: USMV or SPLV?
Over the past year, USMV had a volatility of 8.4%, while SPLV experienced 10.4%.
Which ETF is bigger: USMV or SPLV?
As of October 2, 2026, USMV holds $23.35 B in assets under management (AUM), while SPLV manages $6.92 B.
What sectors do the USMV and SPLV ETFs invest in?
USMV leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SPLV focuses on Finance, Utilities and Industrials.
What are the top holdings of the USMV ETF and SPLV ETF?
USMV top holdings include Microsoft Corp., Amphenol Corp. and NVIDIA Corp.. SPLV holds in its top three: Berkshire Hathaway, Inc., Duke Energy Corp. and Regency Centers Corp..
Which ETF is more diversified: USMV or SPLV?
USMV holds 174 securities with 21.69% of its assets in the top 15. SPLV has 100 securities and a top 15 weight of 18.36%.
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