ESMV vs LGLV: Grades, Fees and Holdings Compared

iShares ESG Optimized MSCI USA Min Vol Factor ETF

ESMVCNasdaq

State Street SPDR US Large Cap Low Volatility Index ETF

LGLVANYSE Arca

Overlap

33.7%by weight

Expense ratio

LGLV −0.06pt a year

ESMV0.18%LGLV0.12%

Avg volume · 30D

LGLV 45.5×the volume

ESMV584LGLV26.6K

3Y return · a year

LGLV +0.4pt

ESMV+14.4%LGLV+14.8%

ESMV vs LGLV Performance

Oct 31, 2025 – Oct 30, 2026

+13.6%ESMV+11.7%LGLV

Expense ratio: ESMV 0.18%; LGLV 0.12%, better
Fund size: ESMV $8M; LGLV $1.2B
1Y total return: ESMV +13.6%, better; LGLV +11.7%
Yield (12M): ESMV 1.35%; LGLV 2.06%, better
Holdings: ESMV 161; LGLV 174
Avg volume (30D): ESMV 584 sh; LGLV 26.6K sh, better
NAV per share: ESMV $32.18; LGLV $187.96
52W range

ETF.net Grade

Pillar letters and Scores for ESMV, LGLV, with each pillar’s weight
Pillar	ESMV	LGLV
Cost30% weight	B60	A90Higher
Mission25% weight	B60	A93Higher
Risk15% weight	C51Higher	C44
Tradability15% weight	F7	A82Higher
Holdings10% weight	B57Higher	C52
Durability5% weight	D39	A74Higher

Rank among US Low Volatility Index funds

How we build Categories ›

Same Category. ESMV and LGLV are both graded against the same 16 US Low Volatility Index funds, so their Grades compare head to head.

US Low Volatility Index⁠

Category · 16 funds

See all 16 ›

LGLV ranks 1st and ESMV 10th of 16 funds in the US Low Volatility Index Category.

Rank 1ALGLVState Street SPDR US Large Cap Low Volatility Index ETFScore 78
Rank 2AQLVNorthern Trust US Quality Low Volatility ETFScore 76
Rank 10CCFAVictoryShares US 500 Volatility Wtd ETFScore 49
Rank 10CESMViShares ESG Optimized MSCI USA Min Vol Factor ETFScore 49
Rank 12CCFOVictoryShares US 500 Enhanced Volatility Wtd ETFScore 47

Our read on each fund

ETF.net Research

ESMVCiShares ESG Optimized MSCI USA Min Vol Factor ETF

LGLVAState Street SPDR US Large Cap Low Volatility Index ETF

In short

ESMV Minimum volatility with an ESG conscience. ESMV runs MSCI's low-vol optimizer across US large and mid caps, then pushes the result toward better ESG characteristics and lower carbon than the parent index, for 0.18% a year.

LGLV Most low-vol funds run an optimizer. LGLV just ranks the biggest 1,000 US stocks by how calm they have been and gives the quietest ones the heaviest weights, for 0.12% a year.

Stated mandate

ESMV The Fund seeks to track an index of U.S. large- and mid-capitalization equities designed to have lower volatility, reduced carbon exposure, and improved environmental, social, and governance characteristics relative to the parent index.

LGLV The fund is designed to provide exposure to U.S. large-capitalization equities selected through a low-volatility index strategy.

Why people hold it

ESMV 0.18% a year, which undercuts what the typical US factor fund in its peer group charges.
Two mandates in one ticker: MSCI's minimum volatility optimization plus ESG and reduced-carbon constraints measured against the MSCI USA parent index.ishares.com
Roughly 160 US large and mid caps, chosen by published index rules rather than a manager's hunch, with cash paid out quarterly.
Lands in the upper half of the US factor funds we grade, on the strength of its cheap fee and broad, diversified book.

LGLV 0.12% a year, below the typical US low-vol fund (cohort median 0.20%) and under USMV's 0.15%.
The rules fit in one sentence: screen the largest 1,000 US stocks, weight the calmest heaviest, subject to liquidity limits. No black box.ssga.com
Running since 2013 and tracking its index tightly, it rates as one of the stronger builds in the US low-vol group.

Worth knowing

ESMV One of the lighter-traded names in its factor cohort, so bid-ask spreads can run wider than at the category's household-name funds.
Minimum volatility aims to dampen swings, not to prevent losses, and stacking an ESG and carbon screen on top pulls the portfolio further from plain US beta.
Launched in 2021, so its live record covers a shorter stretch than the older min-vol funds it competes with.

LGLV Weighting by volatility alone means the sector mix can lean hard into whatever is quiet (often utilities and staples) and look nothing like the S&P 500.ssga.com
Trades lighter than the category's household names, so spreads can be wider. Limit orders matter more here.
Low volatility is not low risk: this is a fully invested stock fund and it can move very differently from the broad market.ssga.com

Full ESMV profile⁠

Full LGLV profile⁠

ESMV vs LGLV Holdings

How ESMV and LGLV differ

Overlap by weight

33.7%

Shared holdings make up 45.0% of ESMV and 44.3% of LGLV.

Level by level

Holdings56 in both33.7%
Countryby domicile98.3%
Asset classEquity100%

Sector

No Sector split for ESMV.

Country, concentration and asset class

Country by domicile

Country weights in ESMV and LGLV, widest gap first
Country	More in ESMVMore in LGLV	ESMV	LGLV
Brazil	ESMV +1.1 points	1.1%	0.0%
United Kingdom	LGLV +0.7 points	0.0%	0.7%
Canada	LGLV +0.5 points	0.1%	0.6%
Other countries (4)	ESMV +0.2 points	98.9%	98.7%

Concentration

Weight in the 10 largest Holdings

ESMV15.0%
LGLV15.8%

Securities held

ESMV158
LGLV172

Asset class

ESMV: Equity
LGLV: Equity

Holdings

Only in ESMV102
In both56
Only in LGLV116

Only in ESMV

102 securities, 54.7% of ESMV by weight

Vertex Pharmaceuticals1.50%
Gilead Sciences1.48%
Mckesson Corp1.47%
Merck & Co Inc1.46%
NVIDIA1.39%
Texas Instrument1.39%
Bank of New York Mellon Corp1.36%
Palo Alto Networks1.35%
Advanced Micro Devices1.27%
Servicenow1.22%
Applied Material Inc1.16%
Progressive1.14%
Cardinal Health1.09%
Adobe Inc1.09%
Kroger1.09%
Trane Technologies PLC1.04%
Cboe Global Markets1.04%
Mercadolibre1.03%
Autodesk1.01%
Ge Vernova0.96%
Accenture PLC Class A0.91%
Eli Lilly0.90%
Elevance Health Inc0.89%
Conocophillips0.88%
T Mobile Us Inc0.86%
Salesforce0.83%
Broadcom Inc0.81%
Synopsys0.74%
Quest Diagnostics Inc0.74%
Exelon Corp0.74%
American Tower Reit0.71%
Marvell Technology0.71%
S&P Global0.69%
Analog Devices0.69%
International Business Machines Co0.68%
Ptc0.67%
Cadence Design Systems0.65%
Church and Dwight Inc0.64%
Intuit0.63%
Micron Technology0.63%
Newmont0.57%
Phillips 660.57%
Palantir Technologies Class A0.55%
Workday Class A0.55%
Nextera Energy0.51%
Incyte Corp0.51%
Amgen Inc0.50%
Lam Research0.46%
Equinix Reit0.45%
Monster Beverage0.45%

Only in LGLV

116 securities, 55.6% of LGLV by weight

Realty Income Corp1.62%
Vivmark Residential1.44%
Duke Energy Corp1.38%
Southern Co/The1.18%
General Dynamics Corp0.99%
Ameren Corporation0.93%
Becton Dickinson and Co0.90%
Royalty Pharma PLC Class A0.87%
Aflac Inc0.85%
Dte Energy Company0.85%
Centerpoint Energy Inc0.84%
Firstenergy Corp0.83%
Vici Properties Inc0.80%
Darden Restaurants Inc0.77%
Labcorp Holdings Inc0.77%
Paychex Inc0.77%
Ametek Inc0.74%
Markel Group Inc0.70%
Walmart Inc0.69%
Packaging Corp of America0.67%
Amcor PLC0.66%
Restaurant Brands Intern0.63%
Danaher Corp0.63%
Cintas Corp0.63%
Fortive Corp0.62%
Wabtec Corp0.61%
Union Pacific Corp0.60%
Evergy Inc0.59%
Loews Corp0.58%
Medtronic PLC0.58%
Udr Inc0.57%
Vulcan Materials Co0.56%
Fastenal Co0.55%
Illinois Tool Works0.54%
Jacobs Solutions Inc0.54%
Idex Corp0.54%
Csx Corp0.54%
Essex Property Trust Inc0.54%
Nordson Corp0.53%
Snap On Inc0.52%
Stryker Corp0.52%
Ss+c Technologies Holdings0.51%
Lyondellbasell Indu Class A0.51%
Fox Corp Class A0.50%
Heico Corp0.50%
Invitation Homes Inc0.49%
Kimco Realty Corp0.49%
Allegion PLC0.49%
Transdigm Group Inc0.47%
Genuine Parts Co0.47%

Weight gaps

All 56 Holdings in both funds, largest gap first.

Holding weights in ESMV and LGLV, widest gap first
Holding	More in ESMVMore in LGLV	ESMV	LGLV
WelltowerWELL	LGLV +2.90 points	1.47%	4.37%
Motorola Solutions IncMSI	ESMV +0.87 points	1.47%	0.60%
MicrosoftMSFT	ESMV +0.81 points	1.60%	0.79%
WilliamsWMB	ESMV +0.80 points	1.43%	0.63%
Verizon Communications IncVZ	ESMV +0.75 points	1.34%	0.59%
CencoraCOR	ESMV +0.74 points	1.26%	0.52%
Berkshire Hathaway Inc Class BBRK.B	LGLV +0.73 points	0.24%	0.97%
AT&TT	ESMV +0.67 points	1.04%	0.37%
Waste Management IncWM	LGLV +0.65 points	0.05%	0.70%
Willis Towers WatsonWTW	LGLV +0.65 points	0.17%	0.82%
Republic Services IncRSG	LGLV +0.65 points	0.19%	0.84%
AbbVieABBV	LGLV +0.65 points	0.08%	0.73%
Mastercard Class AMA	ESMV +0.60 points	1.51%	0.91%
NisourceNI	LGLV +0.59 points	0.06%	0.65%
Northrop Grumman CorpNOC	ESMV +0.55 points	0.93%	0.38%
Abbott LaboratoriesABT	LGLV +0.54 points	0.10%	0.64%
Home DepotHD	ESMV +0.53 points	0.95%	0.42%
Travelers CompaniesTRV	ESMV +0.52 points	1.62%	1.10%
General Mills IncGIS	LGLV +0.49 points	0.05%	0.54%
Ww Grainger IncGWW	ESMV +0.49 points	0.98%	0.49%
Oreilly Automotive IncORLY	LGLV +0.47 points	0.05%	0.52%
Automatic Data Processing IncADP	ESMV +0.39 points	1.28%	0.89%
ChubbCB	ESMV +0.37 points	1.29%	0.92%
Linde PLCLIN	LGLV +0.33 points	0.50%	0.83%
Visa Class AV	ESMV +0.31 points	1.41%	1.10%
Cisco Systems IncCSCO	ESMV +0.30 points	1.27%	0.97%
Costco Wholesale CorpCOST	LGLV +0.29 points	0.20%	0.49%
Liberty Media Series CFWONK	LGLV +0.27 points	0.32%	0.59%
Roper TechnologiesROP	ESMV +0.26 points	1.14%	0.88%
Xylem IncXYL	LGLV +0.25 points	0.06%	0.31%
Broadridge Financial Solutions IncBR	LGLV +0.23 points	0.38%	0.61%
Exxonmobil Holdings CorpXOM	ESMV +0.23 points	0.84%	0.61%
Colgate-PalmoliveCL	ESMV +0.21 points	1.15%	0.94%
MarshMRSH	ESMV +0.21 points	1.19%	0.98%
Teledyne TechnologiesTDY	ESMV +0.21 points	0.65%	0.44%
Coca-ColaKO	ESMV +0.19 points	1.42%	1.23%
Kinder MorganKMI	ESMV +0.17 points	0.92%	0.75%
RtxRTX	ESMV +0.17 points	0.69%	0.52%
Amphenol Corp Class AAPH	ESMV +0.16 points	0.85%	0.69%
Cheniere EnergyLNG	LGLV +0.14 points	0.76%	0.90%
Procter & GamblePG	ESMV +0.13 points	1.03%	0.90%
Yum BrandsYUM	LGLV +0.13 points	0.43%	0.56%
AppleAAPL	LGLV +0.13 points	0.62%	0.75%
Cme Group Class ACME	LGLV +0.12 points	1.01%	1.13%
TjxTJX	ESMV +0.12 points	0.70%	0.58%
Lowes Companies IncLOW	ESMV +0.11 points	0.48%	0.37%
PepsicoPEP	LGLV +0.11 points	0.83%	0.94%
Caseys General Stores IncCASY	ESMV +0.10 points	0.57%	0.47%
Mcdonalds CorpMCD	ESMV +0.10 points	0.85%	0.75%
Cms EnergyCMS	LGLV +0.09 points	0.56%	0.65%
VerisignVRSN	LGLV +0.09 points	0.55%	0.64%
Consolidated EdisonED	ESMV +0.08 points	1.27%	1.19%
Johnson & JohnsonJNJ	LGLV +0.08 points	0.98%	1.06%
Honeywell International IncHON	ESMV +0.05 points	0.31%	0.26%
EcolabECL	ESMV +0.02 points	0.78%	0.76%
Public Service Enterprise GroupPEG	LGLV +0.02 points	1.09%	1.11%

All 158 ESMV holdings⁠All 172 LGLV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ESMV vs LGLV Cost

Overpaying ESMV vs LGLV

$1,229

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

ESMV 0.18%
$3,749
LGLV 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

ESMV 0.18%
LGLV 0.12%
Overpaying

Year by year

Year	ESMV	LGLV	Overpaying
10	$328	$220	$108
20	$1,281	$859	$422
30	$3,749	$2,520	$1,229

Expense ratio

0.18%ESMV
0.12%LGLV, cheaper

LGLV0.12%ESMV0.18%

0.08%0.35%

Middle half of US Low Volatility Index funds
Median 0.20%

LGLV 2nd cheapest of 16 funds

ESMV 7th cheapest of 16 funds

ESMV vs LGLV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ESMV 1.35%; LGLV 2.06%, better
Payout (12M): ESMV $0.44; LGLV $3.88
Last payment: ESMV $0.11; LGLV $0.99
Ex-dividend: ESMV Sep 15, 2026; LGLV Sep 21, 2026
Paid on: ESMV Sep 18, 2026; LGLV Sep 23, 2026
Frequency: ESMV Quarterly; LGLV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ESMVQuarterly · 20 paymentsAll ESMV payments⁠

LGLVQuarterly · 39 paymentsAll LGLV payments⁠

ESMV vs LGLV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ESMV 10.4%, betterLGLV 11.8%
Return per unit of riskSharpe ratio, 3 years: ESMV 0.92, betterLGLV 0.86
Worst fallMax drawdown, 5 years: ESMV −19.8%since Nov 2021LGLV −17.5%
Market sensitivityBeta, 5 years: ESMV 0.61LGLV 0.48; Market = 1

Popular comparisons

ESMVCvsQLVA
iShares ESG Optimized MSCI USA Min Vol Factor ETF · Northern Trust US Quality Low Volatility ETF
Expense ratio
0.18% · 0.08%
Category
LGLVAvsQLVA
State Street SPDR US Large Cap Low Volatility Index ETF · Northern Trust US Quality Low Volatility ETF
Expense ratio
0.12% · 0.08%
Category
ESMVCvsUSMVA
iShares ESG Optimized MSCI USA Min Vol Factor ETF · iShares MSCI USA Min Vol Factor ETF
Expense ratio
0.18% · 0.15%
Category
LGLVAvsUSMVA
State Street SPDR US Large Cap Low Volatility Index ETF · iShares MSCI USA Min Vol Factor ETF
Expense ratio
0.12% · 0.15%
Category
ESMVCvsSMLVB
iShares ESG Optimized MSCI USA Min Vol Factor ETF · State Street SPDR US Small Cap Low Volatility Index ETF
Expense ratio
0.18% · 0.12%
Category
LGLVAvsSMLVB
State Street SPDR US Large Cap Low Volatility Index ETF · State Street SPDR US Small Cap Low Volatility Index ETF
Expense ratio
0.12% · 0.12%
Category