SPLV vs USMV
Invesco S&P 500 Low Volatility ETF against iShares MSCI USA Min Vol Factor ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
27%
43 shared positions
Fee gap
10 bp
USMV is cheaper
1-year return gap
6.3 pts
USMV is ahead
Larger fund
USMV
$23.8B
Side by side
| SPLV | USMV | |
|---|---|---|
| Fund | Invesco S&P 500 Low Volatility ETF | iShares MSCI USA Min Vol Factor ETF |
| Issuer | Invesco | iShares |
| Category | Low Volatility | Low Volatility |
| Expense ratio | 0.25% | 0.15% |
| Assets | $7.1B | $23.8B |
| Average daily dollar volume | $137M | $166M |
| Listed | May 5, 2011 | Oct 18, 2011 |
| FrenzyCap score | 90 | 96 |
| 1-month return | −2.1% | +1.6% |
| 3-month return | −5.6% | +2.8% |
| Year to date | +1.0% | +6.8% |
| 1-year return | −1.0% | +5.3% |
| 30-day volatility | 8.3% | 8.9% |
| Worst drawdown, 1 year | −9.6% | −6.8% |
| Trailing 12-month yield | 2.28% | 1.40% |
| Holdings | 110 | 179 |
| Top 10 weight | 12.7% | 15.0% |
| Look-through P/E | 19.2 | 24.9 |
| Holdings vs fair value | +2.8% | +5.2% |
| Holdings above 200-day average | 37% | 66% |
| Net flow, latest 3 reported months | −$839M thru May 2026 | −$31M thru Jul 2026 |
| 30-day implied volatility | 13.4% | 10.3% |
| Holdings as of | as of Oct 8, 2026issuer data | as of Oct 8, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
44% of SPLV · 30% of USMV| Holding | SPLV | USMV |
|---|---|---|
| DUK | 1.27% | 1.33% |
| ED | 1.20% | 1.19% |
| SO | 1.16% | 1.30% |
| KO | 1.14% | 1.26% |
| RSG | 1.14% | 1.24% |
| JNJ | 1.12% | 1.42% |
| CB | 1.10% | 1.49% |
| PG | 1.14% | 1.07% |
| V | 1.00% | 1.01% |
| MA | 0.97% | 1.25% |
| WM | 0.97% | 1.26% |
| TJX | 0.98% | 0.97% |
| MCD | 1.00% | 0.95% |
| WELL | 0.92% | 1.43% |
| CL | 0.89% | 0.88% |
| BNY | 0.87% | 0.91% |
| CME | 0.94% | 0.86% |
| YUM | 0.88% | 0.83% |
| TRV | 1.02% | 0.80% |
| PEP | 0.91% | 0.78% |
| WEC | 1.27% | 0.76% |
| MDLZ | 0.90% | 0.69% |
| LIN | 1.13% | 0.63% |
| CVX | 0.99% | 0.61% |
| O | 1.11% | 0.58% |
Sector mix of the stock holdings
| Sector | SPLV | USMV | Gap |
|---|---|---|---|
| Utilities | 31.0% | 10.7% | +20.3% |
| Technology | 1.8% | 31.8% | −30.0% |
| Financials | 20.5% | 9.2% | +11.3% |
| Real Estate | 16.5% | 2.5% | +14.1% |
| Industrials | 10.2% | 7.7% | +2.4% |
| Health Care | 3.7% | 13.9% | −10.2% |
| Consumer Staples | 6.8% | 8.4% | −1.6% |
| Consumer Discretionary | 5.7% | 5.5% | +0.2% |
| Energy | 1.0% | 3.4% | −2.4% |
| Communication Services | 0.0% | 3.9% | −3.9% |
| Materials | 1.1% | 1.4% | −0.2% |
More: full overlap table · SPLV holdings · USMV holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.