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Launched · SEC filings

iShares MSCI USA Min Vol Factor ETF

USMVCboeiSharesA

$103.06+0.13 (+0.13%)

At close: Nov 2, 2026, 4:00 PM ET

A75/ 100

Rank 3 of 16 in US Low Volatility Index

A75/100Rank 3 of 16inUS Low Volatility Index
Intraday session: up, 79 prints from 102.93 to 103.06. Range 102.99 to 103.47. Use the arrow keys to read each point.103.00103.20103.30103.40103.5010 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$24B
1Y total return
+12.1%
Yield · Last 12 months
1.37%
Holdings
177
Avg volume · 30D
1.9M sh
52W range
low $91.02high $103.84
Launched
Filings
SEC EDGAR

The ETF.net USMV Grade

A

Score 75 out of 100

Category
US Low Volatility Index⁠
Rank
3 of 16
Six-pillar profile for USMV. Scores out of 100: Cost 70, Risk 66, Mission 83, Tradability 89, Holdings 57, Durability 87. Strongest: Tradability (89). Weakest: Holdings (57). No single pillar leads.

Score 75 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A70 out of 100
    Rank 5 of 16

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A83 out of 100
    Rank 6 of 16

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B66 out of 100
    Rank 3 of 16

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A89 out of 100
    Rank 2 of 16

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 out of 100
    Rank 8 of 16

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A87 out of 100
    Rank 1 of 16

Our read on USMV

ETF.net Research

In short

AThe household name in low-volatility investing. Since 2011 USMV has tracked an MSCI index built around U.S. stocks with calmer price behavior, holding roughly 160 names for 0.15% a year.

Stated mandate

The fund seeks to track an index targeting U.S. stocks with lower-volatility characteristics.

Why people hold it

  • Costs 0.15% a year, below the typical fee in its low-volatility peer group.
  • A multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.
  • Running since 2011 on a published MSCI rulebook, with one of the stronger implementations among U.S. low-vol funds.ishares.com
  • Straightforward plumbing: index-tracked U.S. stocks, quarterly distributions, no derivatives layer to decode.

Worth knowing

  • Not the cheapest ticket in the aisle. QLV and LGLV both undercut it on fee.
  • "Minimum volatility" describes how the index picks and weights stocks, not a floor under losses. This is still a fully invested equity fund.
  • Roughly 160 holdings is a far narrower slice than a total-market fund, so results can drift from the broad U.S. index in either direction.

USMV Holdings

Holdings pillarB57 out of 100Rank 8 of 16 in US Low Volatility Index
Asset class
Stocks
Holdings
177
Top-10 weight
15%
Largest holding
XOM1.6%

Sectors

  • Technology32.9%
  • Health Care14.2%
  • Financials13.3%
  • Consumer Staples9.8%
  • Utilities6.6%
  • Industrials6.4%
  • Consumer Discretionary4.9%
  • Communication4.2%
  • Energy4.2%
  • Real Estate2.4%
  • Materials1.1%

Geography

  • United States96.27%
  • Switzerland1.53%
  • Canada1.31%
  • China0.57%
  • Brazil0.32%
The fund’s holdings, weight-ordered — page 1 of 12.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1XOMExxonmobil Holdings Corp1.61%2,069,805$388M525
2MSFTMicrosoft1.59%731,694$382M819
3CBChubb1.54%1,016,613$370M298
4MSIMotorola Solutions Inc1.50%736,987$362M373
5BRK.BBerkshire Hathaway Inc Class B1.50%665,376$361M374
6APHAmphenol Corp Class A1.50%4,541,967$360M460
7MCKMckesson Corp1.47%356,496$355M371
8JNJJohnson & Johnson1.47%1,296,122$354M524
9WELLWelltower1.46%1,503,329$353M344
10MRKMerck & Co Inc1.45%2,328,345$348M516
11VRTXVertex Pharmaceuticals1.44%622,197$348M429
12DUKDuke Energy Corp1.41%2,662,792$339M329
13NVDANVIDIA1.38%1,628,862$333M848
14SOSouthern1.37%3,523,056$330M340
15WMWaste Management Inc1.37%1,409,995$329M330

Showing 1–15 of 177 holdings

USMV Performance

Launched Oct 18, 2011

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

USMV$11,210
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. USMV $11,210. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for USMV. Periods over one year show the average yearly return.
PeriodUSMV
Year to date+10.5%
1 month+5.6%
3 months+5.5%
1 year+12.1%
3 yearsper year+14.6%
5 yearsper year+7.6%
10 yearsper year+10.8%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for USMV
YearReturn barUSMV
2026 YTD+10.5%
2025+7.7%
2024+15.7%
2023+10.3%
2022−9.4%
2021+20.8%
2020+5.6%

USMV in the news

USMV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.37%Last 12 months
Payout per share
$1.41Last 12 months
Last payment
$0.33 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 40 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.21; Jun 27, 2017 $0.26; Sep 26, 2017 $0.22; Dec 21, 2017 $0.25; Mar 22, 2018 $0.23; Jun 26, 2018 $0.29; Sep 26, 2018 $0.25; Dec 17, 2018 $0.30; Dec 28, 2018 $0.03; Mar 20, 2019 $0.24; Jun 17, 2019 $0.33; Sep 24, 2019 $0.29; Dec 16, 2019 $0.38; Mar 25, 2020 $0.31; Jun 15, 2020 $0.30; Sep 23, 2020 $0.31; Dec 14, 2020 $0.30; Mar 25, 2021 $0.27; Jun 10, 2021 $0.21; Sep 24, 2021 $0.29; Dec 13, 2021 $0.25; Mar 24, 2022 $0.27; Jun 9, 2022 $0.22; Sep 26, 2022 $0.33; Dec 13, 2022 $0.35; Mar 23, 2023 $0.32; Jun 7, 2023 $0.28; Sep 26, 2023 $0.39; Dec 20, 2023 $0.43; Mar 21, 2024 $0.36; Jun 11, 2024 $0.30; Sep 25, 2024 $0.41; Dec 17, 2024 $0.42; Mar 18, 2025 $0.32; Jun 16, 2025 $0.33; Sep 16, 2025 $0.36; Dec 16, 2025 $0.39; Mar 17, 2026 $0.39; Jun 15, 2026 $0.30; Sep 15, 2026 $0.33. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 15, 2026Sep 18, 2026$0.33
Jun 15, 2026Jun 18, 2026$0.30
Mar 17, 2026Mar 20, 2026$0.39
Dec 16, 2025Dec 19, 2025$0.39
Sep 16, 2025Sep 19, 2025$0.36
Jun 16, 2025Jun 20, 2025$0.33
Mar 18, 2025Mar 21, 2025$0.32
Dec 17, 2024Dec 20, 2024$0.42
Sep 25, 2024Sep 30, 2024$0.41
Jun 11, 2024Jun 17, 2024$0.30
Mar 21, 2024Mar 27, 2024$0.36
Dec 20, 2023Dec 27, 2023$0.43

See all 62 payments⁠

$10,000 in USMV 10 years ago paid $2,836 in dividends.⁠

USMV Risk

Risk pillarB66 out of 100Rank 3 of 16 in US Low Volatility Index
How much the fund’s monthly returns vary, scaled to a year.
9.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.99
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−17.9%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.48
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

USMV Cost

Compare USMV and QLV

Overpaying vs QLV, cheapest in US Low Volatility Index

$1,448

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • USMV 0.15%

    $3,137

  • QLV 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • USMV 0.15%
  • QLV 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530USMV $3,137QLV $1,689

Year by year

YearUSMVQLVOverpaying
10$274$147$127
20$1,071$575$496
30$3,137$1,689$1,448

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