IVV vs USMV: Holdings Overlap
iShares · 503 holdings · $901.0B · 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 (IVV: 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 IVV and USMV?
iShares Core S&P 500 ETF (IVV, by iShares) holds 503 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 154 holdings in common, and by portfolio weight the two funds are 34.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 34.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 154IVV holds 503 · USMV holds 170
- Weight in Shared Holdings
- IVV 65%·USMV 95%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 IVV
349 of 503 positions (35.1% of the fund) are not held by USMV. Showing the top 30 by weight.
Only in USMV
16 of 170 positions (5.2% of the fund) are not held by IVV.
Sector Breakdown
| Sector | IVV | USMV |
|---|---|---|
| Information Technology | 32.6% | 29.2% |
| Financials | 12.6% | 13.7% |
| Health Care | 9.4% | 12.7% |
| Communication Services | 10.5% | 5.9% |
| Consumer Staples | 5.2% | 9.9% |
| Other Sectors | 29.4% | 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 |
|---|---|---|---|---|---|---|---|
| IVV | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.05% |
| 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 IVV vs USMV →
Shared Holdings(154)
The top 10 shared positions account for 31% of the overlap, led by NVDA, MSFT and BRK-B.
 NVDANVIDIA Corp. COM | 7.56% | 1.63% | 1.63% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 4.91% | 1.56% | 1.56% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.57% | 1.41% | 1.41% |
 XOMExxon Mobil Corp. COM | 1.27% | 1.60% | 1.27% |
 JNJJohnson & Johnson COM | 1.05% | 1.43% | 1.05% |
 VVisa, Inc., Class A | 0.91% | 0.94% | 0.91% |
 WMTWalmart Inc COM | 0.97% | 0.87% | 0.87% |
 AAPLApple Inc. COM | 6.65% | 0.82% | 0.82% |
 MAMasterCard Incorporated CL A | 0.73% | 1.15% | 0.73% |
 LLYEli Lilly & Co. COM | 1.30% | 0.66% | 0.66% |
 ABBVAbbVie Inc. COM | 0.69% | 0.63% | 0.63% |
 PGThe Procter & Gamble Co. COM | 0.60% | 1.10% | 0.60% |
 CSCOCisco Systems, Inc. COM | 0.55% | 1.80% | 0.55% |
 MRKMerck & Co., Inc COM | 0.53% | 1.17% | 0.53% |
 AMDAdvanced Micro Devices Inc. COM | 0.59% | 0.53% | 0.53% |
 KOCoca-Cola Co (The) COM | 0.53% | 1.19% | 0.53% |
 AVGOBroadcom Inc COM | 2.62% | 0.50% | 0.50% |
 PLTRPalantir Technologies, Inc., Class A | 0.60% | 0.49% | 0.49% |
 PMPhilip Morris International Inc. COM | 0.46% | 0.52% | 0.46% |
 GOOGAlphabet Inc. CAP STK CL C | 2.39% | 0.45% | 0.45% |
 MUMicron Technology Inc. COM | 0.68% | 0.42% | 0.42% |
 LINLinde PLC COM EUR0.001 | 0.41% | 0.69% | 0.41% |
 CVXChevron Corp. COM | 0.69% | 0.41% | 0.41% |
 IBMInternational Business Machines Corp. COM | 0.40% | 1.11% | 0.40% |
 MCDMcDonald's Corp. COM | 0.40% | 1.24% | 0.40% |
Frequently Asked Questions
How much do IVV and USMV overlap?
IVV and USMV overlap by 34.9% of portfolio weight. They share 154 holdings (IVV holds 503 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IVV and USMV?
The two portfolios are 34.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of IVV and USMV?
The largest positions held by both funds are NVDA, MSFT, BRK-B, XOM and JNJ. Together the top 10 shared positions account for 31% of the total overlap.
What does IVV own that USMV doesn't?
349 positions (35.1% of IVV) are unique to IVV, led by GOOGL, TSLA and JPM. In the other direction, 16 positions (5.2% of USMV) are unique to USMV.