IGM vs USMV: Holdings Overlap
IGMiShares Expanded Tech Sector ETF
iShares · 288 holdings · $10.7B · as of 2026-03-31
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
Holdings snapshots are 30 days apart (IGM: 2026-03-31, USMV: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are IGM and USMV?
iShares Expanded Tech Sector ETF (IGM, by iShares) holds 288 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 56 holdings in common, and by portfolio weight the two funds are 23.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 56IGM holds 288 · USMV holds 170
- Weight in Shared Holdings
- IGM 77%·USMV 31%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in IGM
232 of 288 positions (23.3% of the fund) are not held by USMV. Showing the top 30 by weight.
Only in USMV
114 of 170 positions (68.8% of the fund) are not held by IGM. Showing the top 30 by weight.
Sector Breakdown
| Sector | IGM | USMV |
|---|---|---|
| Information Technology | 82.6% | 29.2% |
| Communication Services | 17.1% | 5.9% |
| Financials | 0.0% | 13.7% |
| Health Care | 0.0% | 12.7% |
| Consumer Staples | 0.0% | 9.9% |
| Other Sectors | 0.1% | 28.3% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IGM | +4.5% | +26.9% | +40.7% | +35.3% | +19.1% | +23.9% | 0.13% |
| USMV | +2.3% | +7.6% | +10.3% | +12.2% | +7.4% | +9.9% | 1.44% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in IGM vs USMV →
Shared Holdings(56)
The top 10 shared positions account for 47% of the overlap, led by CSCO, NVDA and MSFT.
 CSCOCisco Systems, Inc. COM | 2.02% | 1.80% | 1.80% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 8.44% | 1.63% | 1.63% |
 MSFTMicrosoft Corp. COM | 8.23% | 1.56% | 1.56% |
 IBMInternational Business Machines Corp. COM | 1.49% | 1.11% | 1.11% |
 APHAmphenol Corporation CL A | 1.02% | 1.50% | 1.02% |
 CRMSalesforce Inc. COM | 1.15% | 0.88% | 0.88% |
 AAPLApple Inc. COM | 8.76% | 0.82% | 0.82% |
 TXNTexas Instruments Inc. COM | 1.16% | 0.77% | 0.77% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 0.80% | 0.75% | 0.75% |
 INTUIntuit Inc COM | 0.79% | 0.70% | 0.70% |
 NOWServicenow Inc COM | 0.72% | 0.69% | 0.69% |
 GLWCorning Incorporated COM | 0.70% | 0.68% | 0.68% |
 ADBEAdobe Inc COM | 0.66% | 0.57% | 0.57% |
 PANWPalo Alto Networks Inc COM | 0.85% | 0.53% | 0.53% |
 AMDAdvanced Micro Devices Inc. COM | 2.19% | 0.53% | 0.53% |
 ANETArista Networks Inc COM SHS | 0.84% | 0.52% | 0.52% |
 AVGOBroadcom Inc COM | 8.16% | 0.50% | 0.50% |
 PLTRPalantir Technologies, Inc., Class A | 2.20% | 0.49% | 0.49% |
 MSIMotorola Solutions Inc COM NEW | 0.47% | 1.45% | 0.47% |
 GOOGAlphabet Inc. CAP STK CL C | 3.73% | 0.45% | 0.45% |
 ADIAnalog Devices Inc. COM | 1.03% | 0.43% | 0.43% |
 MUMicron Technology Inc. COM | 2.51% | 0.42% | 0.42% |
 TELTE Connectivity PLC ORD SHS | 0.40% | 0.59% | 0.40% |
 SNPSSynopsys Inc COM | 0.50% | 0.40% | 0.40% |
 FTNTFortinet Inc COM | 0.34% | 0.43% | 0.34% |
Frequently Asked Questions
How much do IGM and USMV overlap?
IGM and USMV overlap by 23.5% of portfolio weight. They share 56 holdings (IGM holds 288 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IGM and USMV?
The two portfolios are 23.5% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of IGM and USMV?
The largest positions held by both funds are CSCO, NVDA, MSFT, IBM and APH. Together the top 10 shared positions account for 47% of the total overlap.
What does IGM own that USMV doesn't?
232 positions (23.3% of IGM) are unique to IGM, led by GOOGL, LRCX and INTC. In the other direction, 114 positions (68.8% of USMV) are unique to USMV.