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 Information Technology, Health Care and Financials. In contrast, SPLV's top sector exposures are Utilities, Financials and Real Estate. USMV is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.25% for SPLV. USMV is down -0.39% year-to-date (YTD) with +$138M in YTD flows. SPLV performs better with 4.14% YTD performance, and -$270M 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 04/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USMV SPLV | -2.93%-2.59% | -0.82%+3.83% | -0.39%+4.14% | +9.99%+9.79% | +33.75%+24.28% | +43.80%+38.93% |
| Flows | USMV SPLV | +$237M-$753M | +$26M-$267M | +$138M-$270M | -$1.25B-$304M | -$12.51B-$3.63B | -$13.27B-$1.96B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USMV SPLV | +8.87%+9.30% | +10.62%+11.08% | +10.11%+10.75% | +12.21%+12.25% |
| Max drawdown | USMV SPLV | -6.41%-6.64% | -6.41%-6.64% | -9.29%-9.66% | -17.91%-17.25% |
| Max drawdown duration | USMV SPLV | 36d35d | 36d35d | 75d186d | 713d793d |
Trading data
USMV | SPLV | |
Last sale 4/7/2026 at 1:30 PM | $93.21 | $73.76 |
| Previous close 04/06/2026 | $93.42 | $73.94 |
| Consolidated volume 04/06/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 4/7/2026 at 1:30 PM
Live
Closed
USMV | SPLV | |
|---|---|---|
| Last price | $93.21 | $73.76 |
| 1D performance | -0.22% | -0.24% |
| AuM | $22.74 B | $7.25 B |
| E/R | 0.15% | 0.25% |
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Exposure
Countries
USMV
USA
93.26%
Other
6.74%
SPLV
USA
93.97%
Other
6.03%
Sectors
USMV
Information Techn.
28.34%
Health Care
13.82%
Financials
11.84%
Consumer Staples
10.31%
Utilities
7.37%
Industrials
7.16%
Other
21.16%
SPLV
Utilities
25.78%
Financials
14.97%
Real Estate
14.42%
Consumer Staples
11.18%
Industrials
10.13%
Health Care
7.45%
Other
16.06%
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Diversification
USMV
Total weight of top 15 holdings out of 15
22.47%
SPLV
Total weight of top 15 holdings out of 15
18.81%
Top 15 holdings
Data as of February 28, 2026
USMV
MOTOROLA SOLUTIONS
1.54%
MCKESSON
1.53%
EXXON
1.53%
VERTEX PHARMACEUTICALS
1.53%
CISCO-T
1.51%
DUKE ENERGY
1.51%
CHUBB LTD
1.50%
VERIZON COMMUNICATIONS
1.50%
JOHNSON&JOHNSON
1.50%
AMERISOURCEBERGEN
1.50%
SOUTHERN
1.49%
WASTE MANAGEMENT
1.47%
BERKSHIRE HATHWAY
1.46%
MICROSOFT-T
1.45%
AMPHENOL
1.44%
SPLV
SOUTHERN
1.30%
CENTERPOINT ENERGY
1.30%
WEC ENERGY GROUP INC
1.29%
AMEREN
1.28%
EVERGY
1.28%
ATMOS ENERGY
1.26%
DUKE ENERGY
1.26%
PINNACLE WEST
1.26%
DTE ENERGY
1.26%
CMS ENERGY
1.25%
ALLIANT ENERGY
1.24%
EXELON CORP
1.23%
PPL
1.22%
REALTY INCOME REIT
1.22%
VICI PROPERTIES INC
1.17%
Frequently asked questions about USMV and SPLV
How have the USMV and SPLV ETFs performed in 2026?
As of April 6, 2026, USMV is down -0.39% year-to-date (YTD), while SPLV has returned 4.14%. That puts SPLV better performer ahead so far this year.
Which ETF is attracting more investor money: USMV or SPLV?
Year-to-date, the USMV ETF saw +$138M in flows, compared to -$270M for SPLV.
Which ETF is more volatile: USMV or SPLV?
Over the past year, USMV had a volatility of 10.62%, while SPLV experienced 11.08%.
Which ETF is bigger: USMV or SPLV?
As of April 6, 2026, USMV holds $22.74 B in assets under management (AUM), while SPLV manages $7.25 B.
What sectors do the USMV and SPLV ETFs invest in?
USMV leans toward sectors like Information Technology, Health Care and Financials. Meanwhile, SPLV focuses on Utilities, Financials and Real Estate.
What are the top holdings of the USMV ETF and SPLV ETF?
USMV top holdings include MOTOROLA SOLUTIONS, MCKESSON and EXXON. SPLV holds in its top three: SOUTHERN, CENTERPOINT ENERGY and WEC ENERGY GROUP INC.
Which ETF is more diversified: USMV or SPLV?
USMV holds 171 securities with 22.47% of its assets in the top 15. SPLV has 100 securities and a top 15 weight of 18.81%.
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