USMV vs SPLV: holdings overlap, shared companies and scores
As of October 28, 2026, USMV and SPLV overlap 29.4% by weight. iShares MSCI USA Min Vol Factor ETF (USMV): U.S. low-volatility equities. Invesco S&P 500 Low Volatility ETF (SPLV): Low-volatility S&P 500 stocks.
Updated October 28, 2026
Where USMV and SPLV trade against their own history
USMV trades at 24.5 times earnings, against its own median of 23.4, and is more expensive than 75% of its own last 9 years.
SPLV trades at 20.5 times earnings, against its own median of 22.4, and is cheaper than 87% of its own last 9 years.
What moved SPLV this week
SPLV rose 0.7% in the week to October 28, 2026. The holdings that moved it most were Labcorp (+11.3%), CSX (+7.4%) and Johnson & Johnson (+5.1%); Globe Life (−6.6%) pushed the other way.
What do USMV and SPLV each hold?
What's inside USMV: Tech 33%, AI 10%.
15% of USMV is its ten largest holdings.
13% of SPLV is its ten largest holdings.
How much do USMV and SPLV overlap? 29.4% by weight
As of October 28, 2026, USMV and SPLV overlap 29.4% by weight.
32% of USMV is already inside SPLV.
46% of SPLV is already inside USMV.
USMV holds 177 companies and SPLV holds 102; 44 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 USMV and SPLV? 5.7 and 5.1 out of 10
As of October 28, 2026, ETF Copilot scores USMV 5.7 out of 10 and SPLV 5.1 out of 10.
They differ most on Value: USMV 3.2 and SPLV 6.8.
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 | USMV | SPLV |
|---|---|---|
| Growth | 5.2 | 2.7 |
| Value | 3.2 | 6.8 |
| Risk | 9.7 | 9.6 |
| Quality | 7.3 | 6.2 |
| Return | 4.1 | 2.4 |
USMV is the cheaper of the two at 0.15% a year
As of October 28, 2026, USMV charges 0.15% a year, yields 1.37% and holds $24.1B in assets across 177 positions.
As of October 28, 2026, SPLV charges 0.25% a year, yields 2.19% and holds $7.4B in assets across 102 positions.
| Measure | USMV | SPLV |
|---|---|---|
| Expense ratio | 0.15% | 0.25% |
| Dividend yield | 1.37% | 2.19% |
| Assets under management | $24.1B | $7.4B |
| Holdings | 177 | 102 |
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.
Compare with similar funds
Cite this
ETF Copilot, “USMV vs SPLV holdings overlap and scores”, as of October 28, 2026.
https://etf-copilot.com/compare/usmv-vs-splv
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