USMV vs JQUA: Holdings Overlap
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
JQUAJPMorgan U.S. Quality Factor ETF
JPMorgan · 289 holdings · $8.2B · as of 2026-04-30
How similar are USMV and JQUA?
iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170 positions; JPMorgan U.S. Quality Factor ETF (JQUA, by JPMorgan) holds 289. 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
- 97USMV holds 170 · JQUA holds 289
- Weight in Shared Holdings
- USMV 64%·JQUA 58%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 USMV
73 of 170 positions (35.5% of the fund) are not held by JQUA. Showing the top 30 by weight.
Sector Breakdown
| Sector | USMV | JQUA |
|---|---|---|
| Information Technology | 29.2% | 37.8% |
| Financials | 13.7% | 12.4% |
| Health Care | 12.7% | 8.5% |
| Industrials | 6.9% | 10.0% |
| Consumer Staples | 9.9% | 5.6% |
| Other Sectors | 27.3% | 25.6% |
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 |
|---|---|---|---|---|---|---|---|
| USMV | +2.3% | +7.6% | +10.3% | +12.2% | +7.4% | +9.9% | 1.44% |
| JQUA | +3.6% | +18.6% | +24.4% | +19.8% | +13.4% | — | 1.05% |
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 USMV vs JQUA →
Shared Holdings(97)
The top 10 shared positions account for 33% of the overlap, led by NVDA, XOM and MSFT.
 NVDANVIDIA Corp. COM | 1.63% | 2.05% | 1.63% |
|---|---|---|---|
 XOMExxon Mobil Corp. COM | 1.60% | 1.89% | 1.60% |
 MSFTMicrosoft Corp. COM | 1.56% | 1.66% | 1.56% |
 JNJJohnson & Johnson COM | 1.43% | 1.70% | 1.43% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.41% | 1.77% | 1.41% |
 CSCOCisco Systems, Inc. COM | 1.80% | 1.21% | 1.21% |
 MAMasterCard Incorporated CL A | 1.15% | 1.25% | 1.15% |
 PGThe Procter & Gamble Co. COM | 1.10% | 1.15% | 1.10% |
 MRKMerck & Co., Inc COM | 1.17% | 0.94% | 0.94% |
 VVisa, Inc., Class A | 0.94% | 1.70% | 0.94% |
 AAPLApple Inc. COM | 0.82% | 2.01% | 0.82% |
 TXNTexas Instruments Inc. COM | 0.77% | 0.85% | 0.77% |
 MCDMcDonald's Corp. COM | 1.24% | 0.76% | 0.76% |
 APHAmphenol Corporation CL A | 1.50% | 0.71% | 0.71% |
 LINLinde PLC COM EUR0.001 | 0.69% | 0.85% | 0.69% |
 TJXThe TJX Companies Inc. COM | 1.15% | 0.67% | 0.67% |
 GILDGilead Sciences Inc. COM | 0.82% | 0.63% | 0.63% |
 ABBVAbbVie Inc. COM | 0.63% | 1.19% | 0.63% |
 CRMSalesforce Inc. COM | 0.88% | 0.55% | 0.55% |
 PANWPalo Alto Networks Inc COM | 0.53% | 0.61% | 0.53% |
 AMDAdvanced Micro Devices Inc. COM | 0.53% | 1.64% | 0.53% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.49% | 0.51% | 0.51% |
 AVGOBroadcom Inc COM | 0.50% | 2.11% | 0.50% |
 PLTRPalantir Technologies, Inc., Class A | 0.49% | 0.86% | 0.49% |
 ADBEAdobe Inc COM | 0.57% | 0.45% | 0.45% |
Frequently Asked Questions
How much do USMV and JQUA overlap?
USMV and JQUA overlap by 39.5% of portfolio weight. They share 97 holdings (USMV holds 170 positions and JQUA holds 289), based on each fund's latest SEC-reported holdings.
Is it redundant to own both USMV and JQUA?
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 USMV and JQUA?
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 USMV own that JQUA doesn't?
73 positions (35.5% of USMV) are unique to USMV, led by DUK, SO and VZ. In the other direction, 192 positions (41.9% of JQUA) are unique to JQUA.