USMV vs OMFL: Holdings Overlap
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
OMFLInvesco Russell 1000 Dynamic Multifactor ETF
Invesco · 478 holdings · $4.8B · as of 2026-05-31
Holdings snapshots are 31 days apart (USMV: 2026-04-30, OMFL: 2026-05-31). 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 USMV and OMFL?
iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170 positions; Invesco Russell 1000 Dynamic Multifactor ETF (OMFL, by Invesco) holds 478. They have 130 holdings in common, and by portfolio weight the two funds are 29.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 29.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 130USMV holds 170 · OMFL holds 478
- Weight in Shared Holdings
- USMV 84%·OMFL 63%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
40 of 170 positions (16.0% of the fund) are not held by OMFL. Showing the top 30 by weight.
Sector Breakdown
| Sector | USMV | OMFL |
|---|---|---|
| Information Technology | 29.2% | 33.6% |
| Financials | 13.7% | 11.1% |
| Health Care | 12.7% | 9.8% |
| Communication Services | 5.9% | 11.2% |
| Consumer Staples | 9.9% | 8.2% |
| Other Sectors | 28.3% | 26.0% |
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% |
| OMFL | +3.5% | +17.0% | +23.0% | +13.4% | +9.8% | — | 0.78% |
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 OMFL →
Shared Holdings(130)
The top 10 shared positions account for 40% of the overlap, led by NVDA, MSFT and BRK-B.
 NVDANVIDIA Corp. COM | 1.63% | 5.05% | 1.63% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 1.56% | 3.14% | 1.56% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.41% | 1.54% | 1.41% |
 MCKMckesson Corp. COM | 1.30% | 1.81% | 1.30% |
 MAMasterCard Incorporated CL A | 1.15% | 1.76% | 1.15% |
 TJXThe TJX Companies Inc. COM | 1.15% | 1.11% | 1.11% |
 MRKMerck & Co., Inc COM | 1.17% | 1.03% | 1.03% |
 VVisa, Inc., Class A | 0.94% | 2.59% | 0.94% |
 WMTWalmart Inc COM | 0.87% | 1.10% | 0.87% |
 CSCOCisco Systems, Inc. COM | 1.80% | 0.83% | 0.83% |
 AAPLApple Inc. COM | 0.82% | 8.57% | 0.82% |
 PGRThe Progressive Corporation COM | 1.07% | 0.79% | 0.79% |
 CLColgate-Palmolive Co. COM | 0.89% | 0.77% | 0.77% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 0.75% | 0.78% | 0.75% |
 JNJJohnson & Johnson COM | 1.43% | 0.73% | 0.73% |
 MNSTMonster Beverage Corp COM | 0.72% | 0.83% | 0.72% |
 NEMNewmont Corporation COM | 1.18% | 0.70% | 0.70% |
 EAElectronic Arts Inc. COM | 0.85% | 0.58% | 0.58% |
 ADBEAdobe Inc COM | 0.57% | 0.94% | 0.57% |
 ABTAbbott Laboratories COM | 0.67% | 0.53% | 0.53% |
 PMPhilip Morris International Inc. COM | 0.52% | 0.70% | 0.52% |
 PGThe Procter & Gamble Co. COM | 1.10% | 0.51% | 0.51% |
 AVGOBroadcom Inc COM | 0.50% | 0.86% | 0.50% |
 GOOGAlphabet Inc. CAP STK CL C | 0.45% | 3.53% | 0.45% |
 MUMicron Technology Inc. COM | 0.42% | 2.37% | 0.42% |
Frequently Asked Questions
How much do USMV and OMFL overlap?
USMV and OMFL overlap by 29.8% of portfolio weight. They share 130 holdings (USMV holds 170 positions and OMFL holds 478), based on each fund's latest SEC-reported holdings.
Is it redundant to own both USMV and OMFL?
The two portfolios are 29.8% 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 USMV and OMFL?
The largest positions held by both funds are NVDA, MSFT, BRK-B, MCK and MA. Together the top 10 shared positions account for 40% of the total overlap.
What does USMV own that OMFL doesn't?
40 positions (16.0% of USMV) are unique to USMV, led by VRTX, WCN and IBM. In the other direction, 348 positions (36.5% of OMFL) are unique to OMFL.