QUAL vs USMV: holdings overlap, shared companies and scores
As of September 11, 2026, QUAL and USMV overlap 29.7% by weight. iShares MSCI USA Quality Factor ETF (QUAL): U.S. quality factor stocks. iShares MSCI USA Min Vol Factor ETF (USMV): U.S. low-volatility equities.
Updated September 11, 2026
How much do QUAL and USMV overlap?
As of September 11, 2026, QUAL and USMV overlap 29.7% by weight.
76% of QUAL is already inside USMV.
41% of USMV is already inside QUAL.
QUAL holds 121 companies and USMV holds 175; 61 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score QUAL and USMV?
As of September 11, 2026, ETF Copilot scores QUAL 5.1 out of 10 and USMV 5.3 out of 10.
They differ most on Return: QUAL 6.6 and USMV 3.3.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | QUAL | USMV |
|---|---|---|
| Growth | 1.4 | 4.2 |
| Valuation | 1.2 | 4.4 |
| Risk | 7.9 | 9.2 |
| Quality | 9.5 | 7.2 |
| Return | 6.6 | 3.3 |
QUAL and USMV all charge 0.15% a year
As of September 11, 2026, QUAL charges 0.15% a year, yields 0.94% and holds $47.5B in assets across 121 positions.
As of September 11, 2026, USMV charges 0.15% a year, yields 1.50% and holds $24.1B in assets across 175 positions.
| Measure | QUAL | USMV |
|---|---|---|
| Expense ratio | 0.15% | 0.15% |
| Dividend yield | 0.94% | 1.50% |
| Assets under management | $47.5B | $24.1B |
| Holdings | 121 | 175 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where QUAL and USMV trade against their own history
QUAL trades at 27.3 times earnings, against its own median of 21.2, and is more expensive than 86% of its own 114 monthly readings since 2017.
USMV trades at 23.9 times earnings, against its own median of 22.9, and is more expensive than 74% of its own 114 monthly readings since 2017.
What moved QUAL and USMV this week
QUAL fell 1.5% in the week to September 11, 2026. The holdings that moved it most were Nvidia (−4.4%), Microsoft (−2.8%) and TJX (−4.7%); Meta Platforms (+6.1%) pushed the other way.
USMV fell 2.2% in the week to September 11, 2026. The holdings that moved it most were Vertex Pharmaceuticals (−7.6%), ServiceNow (−9.0%) and Roper Technologies (−8.0%); Advanced Micro Devices (+13.1%) pushed the other way.
What do QUAL and USMV each hold?
What's inside QUAL: Tech 47%, Magnificent 7 29%.
44% of QUAL is its ten largest holdings.
What's inside USMV: Tech 32%, AI 10%.
15% of USMV is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “QUAL vs USMV holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/qual-vs-usmv
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