PRF vs USMV: Holdings Overlap
Invesco · 1003 holdings · $10.0B · 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 PRF and USMV?
Invesco RAFI US 1000 ETF (PRF, by Invesco) holds 1003 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 162 holdings in common, and by portfolio weight the two funds are 30.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 30.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 162PRF holds 1003 · USMV holds 170
- Weight in Shared Holdings
- PRF 43%·USMV 97%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 PRF
841 of 1003 positions (57.3% of the fund) are not held by USMV. Showing the top 30 by weight.
Sector Breakdown
| Sector | PRF | USMV |
|---|---|---|
| Information Technology | 20.1% | 29.2% |
| Financials | 16.1% | 13.7% |
| Health Care | 11.7% | 12.7% |
| Communication Services | 10.2% | 5.9% |
| Consumer Staples | 6.3% | 9.9% |
| Other Sectors | 35.7% | 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 |
|---|---|---|---|---|---|---|---|
| PRF | +2.9% | +20.0% | +33.4% | +20.5% | +13.5% | +13.8% | 1.33% |
| 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 PRF vs USMV →
Shared Holdings(162)
The top 10 shared positions account for 34% of the overlap, led by XOM, MSFT and BRK-B.
 XOMExxon Mobil Corp. COM | 1.88% | 1.60% | 1.60% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 2.17% | 1.56% | 1.56% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.69% | 1.41% | 1.41% |
 JNJJohnson & Johnson COM | 1.09% | 1.43% | 1.09% |
 WMTWalmart Inc COM | 0.94% | 0.87% | 0.87% |
 AAPLApple Inc. COM | 4.08% | 0.82% | 0.82% |
 VZVerizon Communications Inc. COM | 0.78% | 1.49% | 0.78% |
 CSCOCisco Systems, Inc. COM | 0.76% | 1.80% | 0.76% |
 TAT&T Inc COM | 0.76% | 0.99% | 0.76% |
 MRKMerck & Co., Inc COM | 0.69% | 1.17% | 0.69% |
 PGThe Procter & Gamble Co. COM | 0.66% | 1.10% | 0.66% |
 NVDANVIDIA Corp. COM | 0.56% | 1.63% | 0.56% |
 AVGOBroadcom Inc COM | 0.66% | 0.50% | 0.50% |
 ABBVAbbVie Inc. COM | 0.49% | 0.63% | 0.49% |
 AMDAdvanced Micro Devices Inc. COM | 0.45% | 0.53% | 0.45% |
 MUMicron Technology Inc. COM | 0.90% | 0.42% | 0.42% |
 CVXChevron Corp. COM | 1.33% | 0.41% | 0.41% |
 TXNTexas Instruments Inc. COM | 0.40% | 0.77% | 0.40% |
 PEPPepsico Inc COM | 0.40% | 1.01% | 0.40% |
 UNHUnitedHealth Group Inc. COM | 1.17% | 0.39% | 0.39% |
 GILDGilead Sciences Inc. COM | 0.35% | 0.82% | 0.35% |
 IBMInternational Business Machines Corp. COM | 0.33% | 1.11% | 0.33% |
 VVisa, Inc., Class A | 0.32% | 0.94% | 0.32% |
 LMTLockheed Martin Corporation COM | 0.32% | 0.79% | 0.32% |
 COSTCostco Wholesale Corporation COM | 0.45% | 0.32% | 0.32% |
Frequently Asked Questions
How much do PRF and USMV overlap?
PRF and USMV overlap by 30.1% of portfolio weight. They share 162 holdings (PRF holds 1003 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PRF and USMV?
The two portfolios are 30.1% 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 PRF and USMV?
The largest positions held by both funds are XOM, MSFT, BRK-B, JNJ and WMT. Together the top 10 shared positions account for 34% of the total overlap.
What does PRF own that USMV doesn't?
841 positions (57.3% of PRF) are unique to PRF, led by GOOGL, INTC and JPM. In the other direction, 8 positions (2.5% of USMV) are unique to USMV.