USMV
iShares MSCI USA Min Vol Factor ETF
iShares MSCI USA Minimum Volatility Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI USA Minimum Volatility Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 22.3 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Oct 18, 2011 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXXON MOBIL CORP | 1.8 % |
| CISCO SYSTEMS INC | 1.6 % |
| VERIZON COMMUNICATIONS INC | 1.6 % |
| DUKE ENERGY CORP | 1.6 % |
| SOUTHERN CO | 1.6 % |
| JOHNSON & JOHNSON | 1.6 % |
| CHUBB LIMITED | 1.5 % |
| MOTOROLA SOLUTIONS | 1.5 % |
| WASTE MANAGEMENT INC | 1.5 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.5 % |
Constituent Breakdown
| Number of holdings | 170 |
| Herfindahl-Hirschman Index | 97 |
| Wgt avg mkt cap (mns) | $317,620 |
| Large cap (>$10bn) | 99.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.6% |
| Emerging mkts. | 0.4% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 92.5 % |
 |
SWITZERLAND | 1.5 % |
 |
IRELAND | 1.4 % |
 |
CANADA | 1.3 % |
 |
BRITAIN | 1.1 % |
 |
BERMUDA | 0.5 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.9% | 3.4% | 9.6% | 11.5% | 8.3% | 8.9% | -- | 9.9% |
| Dividend Yield | 0.0% | 1.6% | 1.8% | 1.9% | 1.8% | 2.0% | -- | 2.1% |
| Total Returns | 3.9% | 5.0% | 11.4% | 13.4% | 10.0% | 10.9% | -- | 11.9% | Ann. Volatility | 7.9% | 12.6% | 11.0% | 10.4% | 12.4% | 14.5% | -- | 13.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.49 | 56% |
| MSCI EAFE | 0.57 | 55% |
| MSCI Emg Mkts | 0.39 | 31% |
Liquidity Measures
| Avg. volume (000) | 3,247 |
| ADV traded (mns) | $298 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $94.23 |
| Relative strength (RSI) | 37 |
| MACD/Signal | -0.97/-0.58 |
| Bollinger Bands (Upper/Lower) | $98.16/$90.87 |
| Short interest (% of AUM) | 1.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. USMV |
Expenses vs. USMV |
ALTAR Score™ vs. USMV |
|---|---|---|---|---|
| ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 65.8% | +3 bp | -0.1% |
| QUS | State Street SPDR MSCI USA StrategicFactors ETF | 56.9% | 0 bp | -0.2% |
| ACWV | iShares MSCI Global Min Vol Factor ETF | 53.5% | +5 bp | +0.2% |
| SPMV | Invesco S&P 500 Minimum Variance ETF | 45.3% | -5 bp | -0.4% |
| LGLV | State Street SPDR US Large Cap Low Volatility Index ETF | 42.8% | -3 bp | +0.0% |
| FDLO | Fidelity Low Volatility Factor ETF | 42.1% | 0 bp | -0.4% |
| QLV | FlexShares US Quality Low Volatility Index Fund | 41.5% | +7 bp | -0.2% |
| XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 40.7% | +10 bp | -0.9% |
| SPLV | Invesco S&P 500 Low Volatility ETF | 40.4% | +10 bp | -0.7% |
| QWLD | SPDR MSCI World StrategicFactors ETF | 40.4% | +15 bp | -0.1% |
Risk and Returns: USMV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/31/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.2%
ALTAR SCORE™
56th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 2.1%. USMV's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places USMV in the 56th percentile
among funds in the category.
Sell-Side Consensus
$111.69
PRICE TARGET
+21.8%
UPSIDE