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 Consumer Non-Cyclicals. USMV is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.25% for SPLV. USMV is up 4.76% year-to-date (YTD) with -$374M in YTD flows. SPLV performs better with 8.68% YTD performance, and -$591M 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 07/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USMV SPLV | +1.36%+7.34% | +5.29%+4.46% | +4.76%+8.68% | +6.49%+7.82% | +38.68%+30.09% | +42.72%+38.49% |
| Flows | USMV SPLV | -$87M-$123M | -$484M-$378M | -$374M-$591M | -$1.49B-$843M | -$12.77B-$3.41B | -$11.44B-$1.97B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USMV SPLV | +8.36%+12.44% | +8.25%+10.19% | +10.06%+11.01% | +12.19%+12.39% |
| Max drawdown | USMV SPLV | -2.46%-4.41% | -6.41%-7.41% | -9.29%-9.66% | -17.91%-17.25% |
| Max drawdown duration | USMV SPLV | 28d75d | 122d122d | 75d186d | 713d793d |
Trading data
USMV | SPLV | |
Last sale 7/2/2026 at 1:30 PM | $97.89 | $76.73 |
| Previous close 07/02/2026 | $96.89 | $75.24 |
| Consolidated volume 07/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 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 7/2/2026 at 1:30 PM
Live
Closed
USMV | SPLV | |
|---|---|---|
| Last price | $97.89 | $76.73 |
| 1D performance | +1.03% | +1.98% |
| AuM | $23.32 B | $7.19 B |
| E/R | 0.15% | 0.25% |
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Exposure
Countries
USMV
USA
94.08%
Other
5.92%
SPLV
USA
95.95%
Other
4.05%
Sectors
USMV
Technology
31.29%
Finance
13.31%
Healthcare
12.59%
Consumer Non-Cycl.
10.92%
Other
31.89%
SPLV
Finance
38.84%
Utilities
24.98%
Consumer Non-Cycl.
10.68%
Industrials
8.08%
Other
17.43%
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Diversification
USMV
Total weight of top 15 holdings out of 15
21.46%
SPLV
Total weight of top 15 holdings out of 15
18.46%
Top 15 holdings
Data as of May 31, 2026
USMV
Microsoft Corp.
1.60%
Cisco Systems, Inc.
1.54%
Amphenol Corp.
1.49%
Verizon Communications, Inc.
1.45%
Newmont Corp.
1.44%
Duke Energy Corp.
1.44%
The Southern Co.
1.43%
NVIDIA Corp.
1.42%
International Business Machines Corp.
1.40%
Chubb Ltd.
1.39%
Welltower, Inc.
1.39%
Vertex Pharmaceuticals, Inc.
1.39%
Berkshire Hathaway, Inc.
1.39%
Johnson & Johnson
1.37%
Exxon Mobil Corp.
1.32%
SPLV
FirstEnergy Corp.
1.32%
Loews Corp.
1.30%
Berkshire Hathaway, Inc.
1.28%
Duke Energy Corp.
1.25%
Ameren Corp.
1.24%
WEC Energy Group, Inc.
1.24%
Alliant Energy Corp.
1.23%
Evergy, Inc.
1.22%
CenterPoint Energy, Inc.
1.22%
DTE Energy Co.
1.22%
Pinnacle West Capital Corp.
1.20%
The Coca-Cola Co.
1.19%
Regency Centers Corp.
1.19%
Realty Income Corp.
1.19%
CMS Energy Corp.
1.18%
Frequently asked questions about USMV and SPLV
How have the USMV and SPLV ETFs performed in 2026?
As of July 2, 2026, USMV is up 4.76% year-to-date (YTD), while SPLV has returned 8.68%. 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 -$374M in flows, compared to -$591M for SPLV.
Which ETF is more volatile: USMV or SPLV?
Over the past year, USMV had a volatility of 8.25%, while SPLV experienced 10.19%.
Which ETF is bigger: USMV or SPLV?
As of July 2, 2026, USMV holds $23.32 B in assets under management (AUM), while SPLV manages $7.19 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 Consumer Non-Cyclicals.
What are the top holdings of the USMV ETF and SPLV ETF?
USMV top holdings include Microsoft Corp., Cisco Systems, Inc. and Amphenol Corp.. SPLV holds in its top three: FirstEnergy Corp., Loews Corp. and Berkshire Hathaway, Inc..
Which ETF is more diversified: USMV or SPLV?
USMV holds 166 securities with 21.46% of its assets in the top 15. SPLV has 100 securities and a top 15 weight of 18.46%.
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