JQUA vs USMV: Holdings Overlap
JQUAJPMorgan U.S. Quality Factor ETF
JPMorgan · 289 holdings · $8.2B · as of 2026-04-30
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
How similar are JQUA and USMV?
JPMorgan U.S. Quality Factor ETF (JQUA, by JPMorgan) holds 289 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 97 holdings in common, and by portfolio weight the two funds are 39.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 39.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 97JQUA holds 289 · USMV holds 170
- Weight in Shared Holdings
- JQUA 58%·USMV 64%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 JQUA
192 of 289 positions (41.9% of the fund) are not held by USMV. Showing the top 30 by weight.
Sector Breakdown
| Sector | JQUA | USMV |
|---|---|---|
| Information Technology | 37.8% | 29.2% |
| Financials | 12.4% | 13.7% |
| Health Care | 8.5% | 12.7% |
| Industrials | 10.0% | 6.9% |
| Consumer Staples | 5.6% | 9.9% |
| Other Sectors | 25.6% | 27.3% |
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 |
|---|---|---|---|---|---|---|---|
| JQUA | +3.6% | +18.6% | +24.4% | +19.8% | +13.4% | — | 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 JQUA vs USMV →
Shared Holdings(97)
The top 10 shared positions account for 33% of the overlap, led by NVDA, XOM and MSFT.
 NVDANVIDIA Corp. COM | 2.05% | 1.63% | 1.63% |
|---|---|---|---|
 XOMExxon Mobil Corp. COM | 1.89% | 1.60% | 1.60% |
 MSFTMicrosoft Corp. COM | 1.66% | 1.56% | 1.56% |
 JNJJohnson & Johnson COM | 1.70% | 1.43% | 1.43% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.77% | 1.41% | 1.41% |
 CSCOCisco Systems, Inc. COM | 1.21% | 1.80% | 1.21% |
 MAMasterCard Incorporated CL A | 1.25% | 1.15% | 1.15% |
 PGThe Procter & Gamble Co. COM | 1.15% | 1.10% | 1.10% |
 MRKMerck & Co., Inc COM | 0.94% | 1.17% | 0.94% |
 VVisa, Inc., Class A | 1.70% | 0.94% | 0.94% |
 AAPLApple Inc. COM | 2.01% | 0.82% | 0.82% |
 TXNTexas Instruments Inc. COM | 0.85% | 0.77% | 0.77% |
 MCDMcDonald's Corp. COM | 0.76% | 1.24% | 0.76% |
 APHAmphenol Corporation CL A | 0.71% | 1.50% | 0.71% |
 LINLinde PLC COM EUR0.001 | 0.85% | 0.69% | 0.69% |
 TJXThe TJX Companies Inc. COM | 0.67% | 1.15% | 0.67% |
 GILDGilead Sciences Inc. COM | 0.63% | 0.82% | 0.63% |
 ABBVAbbVie Inc. COM | 1.19% | 0.63% | 0.63% |
 CRMSalesforce Inc. COM | 0.55% | 0.88% | 0.55% |
 PANWPalo Alto Networks Inc COM | 0.61% | 0.53% | 0.53% |
 AMDAdvanced Micro Devices Inc. COM | 1.64% | 0.53% | 0.53% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 0.51% | 1.49% | 0.51% |
 AVGOBroadcom Inc COM | 2.11% | 0.50% | 0.50% |
 PLTRPalantir Technologies, Inc., Class A | 0.86% | 0.49% | 0.49% |
 ADBEAdobe Inc COM | 0.45% | 0.57% | 0.45% |
Frequently Asked Questions
How much do JQUA and USMV overlap?
JQUA and USMV overlap by 39.5% of portfolio weight. They share 97 holdings (JQUA holds 289 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JQUA and USMV?
The two portfolios are 39.5% 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 JQUA and USMV?
The largest positions held by both funds are NVDA, XOM, MSFT, JNJ and BRK-B. Together the top 10 shared positions account for 33% of the total overlap.
What does JQUA own that USMV doesn't?
192 positions (41.9% of JQUA) are unique to JQUA, led by GOOGL, LRCX and KLAC. In the other direction, 73 positions (35.5% of USMV) are unique to USMV.