VFLO vs USMV: Holdings Overlap
VFLOVictoryShares Free Cash Flow ETF
VictoryShares · 50 holdings · $9.6B · as of 2026-03-31
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
Holdings snapshots are 30 days apart (VFLO: 2026-03-31, USMV: 2026-04-30). 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 VFLO and USMV?
VictoryShares Free Cash Flow ETF (VFLO, by VictoryShares) holds 50 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 17 holdings in common, and by portfolio weight the two funds are 8.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 17VFLO holds 50 · USMV holds 170
- Weight in Shared Holdings
- VFLO 40%·USMV 8%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 VFLO
33 of 50 positions (59.8% of the fund) are not held by USMV. Showing the top 30 by weight.
Sector Breakdown
| Sector | VFLO | USMV |
|---|---|---|
| Information Technology | 30.0% | 29.2% |
| Consumer Discretionary | 17.9% | 5.9% |
| Health Care | 17.6% | 12.7% |
| Financials | 0.0% | 13.7% |
| Energy | 12.8% | 3.5% |
| Other Sectors | 21.2% | 34.8% |
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 |
|---|---|---|---|---|---|---|---|
| VFLO | +8.6% | +31.3% | +51.6% | +26.1% | — | — | 1.09% |
| 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 VFLO vs USMV →
Shared Holdings(17)
The top 10 shared positions account for 84% of the overlap, led by NEM, MRK and CRM.
 NEMNewmont Corporation COM | 2.55% | 1.18% | 1.18% |
|---|---|---|---|
 MRKMerck & Co., Inc COM | 2.91% | 1.17% | 1.17% |
 CRMSalesforce Inc. COM | 3.25% | 0.88% | 0.88% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 3.27% | 0.75% | 0.75% |
 FFIVF5 Inc | 1.05% | 0.63% | 0.63% |
 ADBEAdobe Inc COM | 3.08% | 0.57% | 0.57% |
 INCYIncyte Corporation. COM | 2.22% | 0.54% | 0.54% |
 CTSHCognizant Technology Solutions Corp., Class A | 2.21% | 0.52% | 0.52% |
 EXEExpand Energy Corp. COM | 2.33% | 0.41% | 0.41% |
 WDAYWorkday, Inc., Class A | 2.02% | 0.38% | 0.38% |
 NBIXNeurocrine Biosciences Inc COM | 1.30% | 0.31% | 0.31% |
 UBERUber Technologies Inc COM | 2.53% | 0.29% | 0.29% |
 ZMZoom Communications, Inc., Class A | 2.76% | 0.25% | 0.25% |
 CTRACoterra Energy Inc COM | 2.14% | 0.19% | 0.19% |
 CIThe Cigna Group COM | 3.29% | 0.18% | 0.18% |
 ADPAutomatic Data Processing, Inc. COM | 1.73% | 0.06% | 0.06% |
 CDWCDW Corp COM | 1.12% | 0.06% | 0.06% |
Frequently Asked Questions
How much do VFLO and USMV overlap?
VFLO and USMV overlap by 8.4% of portfolio weight. They share 17 holdings (VFLO holds 50 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VFLO and USMV?
The two portfolios are 8.4% 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 VFLO and USMV?
The largest positions held by both funds are NEM, MRK, CRM, ACN and FFIV. Together the top 10 shared positions account for 84% of the total overlap.
What does VFLO own that USMV doesn't?
33 positions (59.8% of VFLO) are unique to VFLO, led by OMC, DELL and SNDK. In the other direction, 153 positions (91.4% of USMV) are unique to USMV.