USMVvsXMAGETF Comparison
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iShares MSCI USA Min Vol Factor ETF (USMV) belongs to the US Low Volatility segment. Defiance Large Cap ex-Mag 7 ETF (XMAG) is part of the US Large Cap 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 0.35% for XMAG. USMV is up 5.33% year-to-date (YTD) with -$101M in YTD flows. XMAG performs better with 13.43% YTD performance, and +$47M in YTD flows. Run a side-by-side ETF comparison of USMV and XMAG 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 XMAG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USMV XMAG | +2.37%-1.66% | +5.35%+7.97% | +5.33%+13.43% | +7.03%+18.61% | +37.35%n/a | +40.60%n/a |
| Flows | USMV XMAG | +$187M-$7M | -$136M+$22M | -$101M+$47M | -$1.13B+$112M | -$11.87B- | -$11.13B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USMV XMAG | +8.67%+13.00% | +8.32%+11.80% | +10.12%n/a | +12.21%n/a |
| Max drawdown | USMV XMAG | -2.46%-3.33% | -6.41%-7.08% | -9.29%n/a | -17.91%n/a |
| Max drawdown duration | USMV XMAG | 28d28d | 122d43d | 75dn/a | 713dn/a |
Trading data
USMV | XMAG | |
Last sale 7/29/2026 at 1:30 PM | $98.36 | $25.26 |
| Previous close 07/28/2026 | $98.56 | $25.48 |
| Consolidated volume 07/28/2026 | ||
| 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 | XMAG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
USMV | XMAG | |
|---|---|---|
| Last price | $98.36 | $25.26 |
| 1D performance | -0.20% | -0.86% |
| AuM | $23.72 B | $165.91 M |
| E/R | 0.15% | 0.35% |
Characteristics
USMV | XMAG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Defiance ETFs |
| Benchmark | MSCI USA Minimum Volatility Index | BITA US 500 ex Magnificent 7 Index |
| N° of holdings | 166 | 490 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2011 | October 21, 2024 |
| ESG | No | No |
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Exposure
Countries
USMV
USA
93.92%
Other
6.08%
XMAG
USA
94.89%
Other
5.11%
Sectors
USMV
Technology
30.35%
Finance
13.58%
Healthcare
13.35%
Consumer Non-Cycl.
10.85%
Utilities
7.2%
Other
24.67%
XMAG
Technology
27.03%
Finance
19.12%
Healthcare
13.19%
Industrials
11.39%
Consumer Non-Cycl.
7.97%
Other
21.3%
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Diversification
USMV
Total weight of top 15 holdings out of 15
21.87%
XMAG
Total weight of top 15 holdings out of 15
24.61%
Top 15 holdings
Data as of June 30, 2026
USMV
Amphenol Corp.
1.76%
Johnson & Johnson
1.55%
Vertex Pharmaceuticals, Inc.
1.54%
Welltower, Inc.
1.54%
Chubb Ltd.
1.52%
Cisco Systems, Inc.
1.50%
The Southern Co.
1.48%
Duke Energy Corp.
1.48%
Berkshire Hathaway, Inc.
1.46%
Waste Management, Inc.
1.38%
Merck & Co., Inc.
1.35%
Motorola Solutions, Inc.
1.34%
NVIDIA Corp.
1.34%
Microsoft Corp.
1.32%
International Business Machines Corp.
1.32%
XMAG
Micron Technology, Inc.
2.96%
Broadcom Inc.
2.71%
Eli Lilly & Co.
2.38%
JPMorgan Chase & Co.
2.06%
Advanced Micro Devices, Inc.
1.98%
Berkshire Hathaway, Inc.
1.62%
Johnson & Johnson
1.44%
Exxon Mobil Corp.
1.33%
Visa, Inc.
1.30%
Intel Corp.
1.28%
Walmart, Inc.
1.19%
Applied Materials, Inc.
1.15%
Lam Research Corp.
1.10%
Caterpillar, Inc.
1.06%
Cisco Systems, Inc.
1.05%
Frequently asked questions about USMV and XMAG
How have the USMV and XMAG ETFs performed in 2026?
As of July 28, 2026, USMV is up 5.33% year-to-date (YTD), while XMAG has returned 13.43%. That puts XMAG better performer ahead so far this year.
Which ETF is attracting more investor money: USMV or XMAG?
Year-to-date, the USMV ETF saw -$101M in flows, compared to +$47M for XMAG.
Which ETF is more volatile: USMV or XMAG?
Over the past year, USMV had a volatility of 8.32%, while XMAG experienced 11.8%.
Which ETF is bigger: USMV or XMAG?
As of July 28, 2026, USMV holds $23.72 B in assets under management (AUM), while XMAG manages $165.91 M.
What sectors do the USMV and XMAG ETFs invest in?
USMV leans toward sectors like Technology, Finance and Healthcare. Meanwhile, XMAG focuses on Technology, Finance and Healthcare.
What are the top holdings of the USMV ETF and XMAG ETF?
USMV top holdings include Amphenol Corp., Johnson & Johnson and Vertex Pharmaceuticals, Inc.. XMAG holds in its top three: Micron Technology, Inc., Broadcom Inc. and Eli Lilly & Co..
Which ETF is more diversified: USMV or XMAG?
USMV holds 166 securities with 21.87% of its assets in the top 15. XMAG has 490 securities and a top 15 weight of 24.61%.
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