USMV vs VTI: Holdings Overlap
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
VTIVanguard Total Stock Market Index Fund
Vanguard · 3505 holdings · $696.4B · as of 2026-03-31
Holdings snapshots are 30 days apart (USMV: 2026-04-30, VTI: 2026-03-31). 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 VTI?
iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170 positions; Vanguard Total Stock Market Index Fund (VTI, by Vanguard) holds 3505. They have 169 holdings in common, and by portfolio weight the two funds are 33.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 33.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 169USMV holds 170 · VTI holds 3505
- Weight in Shared Holdings
- USMV 99%·VTI 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
Sector Breakdown
| Sector | USMV | VTI |
|---|---|---|
| Information Technology | 29.2% | 30.5% |
| Financials | 13.7% | 12.7% |
| Health Care | 12.7% | 10.0% |
| Industrials | 6.9% | 10.4% |
| Consumer Staples | 9.9% | 5.0% |
| Other Sectors | 27.3% | 30.8% |
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% |
| VTI | +3.3% | +14.6% | +24.2% | +20.9% | +12.3% | +14.9% | 1.02% |
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 VTI →
Shared Holdings(169)
The top 10 shared positions account for 31% of the overlap, led by NVDA, MSFT and BRK-B.
 NVDANVIDIA Corp. COM | 1.63% | 6.42% | 1.63% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 1.56% | 4.38% | 1.56% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.41% | 1.37% | 1.37% |
 XOMExxon Mobil Corp. COM | 1.60% | 1.13% | 1.13% |
 JNJJohnson & Johnson COM | 1.43% | 0.94% | 0.94% |
 WMTWalmart Inc COM | 0.87% | 0.87% | 0.87% |
 AAPLApple Inc. COM | 0.82% | 5.94% | 0.82% |
 VVisa, Inc., Class A | 0.94% | 0.79% | 0.79% |
 LLYEli Lilly & Co. COM | 0.66% | 1.25% | 0.66% |
 MAMasterCard Incorporated CL A | 1.15% | 0.63% | 0.63% |
 ABBVAbbVie Inc. COM | 0.63% | 0.61% | 0.61% |
 PGThe Procter & Gamble Co. COM | 1.10% | 0.54% | 0.54% |
 AMDAdvanced Micro Devices Inc. COM | 0.53% | 0.53% | 0.53% |
 AVGOBroadcom Inc COM | 0.50% | 2.34% | 0.50% |
 PLTRPalantir Technologies, Inc., Class A | 0.49% | 0.51% | 0.49% |
 MRKMerck & Co., Inc COM | 1.17% | 0.47% | 0.47% |
 GOOGAlphabet Inc. CAP STK CL C | 0.45% | 2.11% | 0.45% |
 CSCOCisco Systems, Inc. COM | 1.80% | 0.44% | 0.44% |
 MUMicron Technology Inc. COM | 0.42% | 0.61% | 0.42% |
 KOCoca-Cola Co (The) COM | 1.19% | 0.42% | 0.42% |
 PMPhilip Morris International Inc. COM | 0.52% | 0.41% | 0.41% |
 CVXChevron Corp. COM | 0.41% | 0.63% | 0.41% |
 UNHUnitedHealth Group Inc. COM | 0.39% | 0.39% | 0.39% |
 LINLinde PLC COM EUR0.001 | 0.69% | 0.37% | 0.37% |
 IBMInternational Business Machines Corp. COM | 1.11% | 0.36% | 0.36% |
Frequently Asked Questions
How much do USMV and VTI overlap?
USMV and VTI overlap by 33.1% of portfolio weight. They share 169 holdings (USMV holds 170 positions and VTI holds 3505), based on each fund's latest SEC-reported holdings.
Is it redundant to own both USMV and VTI?
The two portfolios are 33.1% 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 USMV and VTI?
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 USMV own that VTI doesn't?
1 positions (0.3% of USMV) are unique to USMV, led by MELI. In the other direction, 3336 positions (41.7% of VTI) are unique to VTI.