ATLASiShares MSCI USA Min Vol Factor ETF (USMV): outlook, holdings and fees
iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund and is managed by iShares. The expense ratio is 0.15% and the yield is 1.42%. The ten largest holdings are 15% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on USMV
| Last price | $103.43 (+0.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 59% |
| Likely 1-month range (50%) | $102.33 – $105.69 |
| Normal 1-day range (±1σ) | ±0.6% |
| Distribution yield | 1.42% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
USMV fund facts
| Issuer | iShares |
|---|---|
| Theme | US large caps |
| Assets under management | $23.8B |
| Expense ratio | 0.15% |
| Number of holdings | 174 |
| Portfolio turnover | 24% |
| Inception | Oct 18, 2011 |
| Exchange | CBOE |
The fund will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index measures the performance of large and mid-capitalization equity securities listed on stock exchanges in the U.S. that, in the aggregate, have lower volatility relative to the large- and mid-cap U.S. equity market.
USMV top holdings
| Holding | Sector | Weight |
|---|---|---|
| Amphenol Corporation APH | Technology | 1.62% |
| Microsoft Corporation MSFT | Technology | 1.66% |
| NVIDIA Corporation NVDA | Technology | 1.58% |
| Exxon Mobil Corp XOM | Energy | 1.48% |
| Chubb Ltd CB | Financial Services | 1.50% |
| Cisco Systems Inc CSCO | Technology | 1.41% |
| Berkshire Hathaway Inc BRK-B | Financial Services | 1.41% |
| Merck & Company Inc MRK | Healthcare | 1.48% |
| Welltower Inc WELL | Real Estate | 1.48% |
| Johnson & Johnson JNJ | Healthcare | 1.40% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
USMV sector breakdown
| Sector | Weight |
|---|---|
| Technology | 33.7% |
| Healthcare | 14.3% |
| Financial Services | 13.5% |
| Consumer Defensive | 9.4% |
| Utilities | 6.5% |
| Industrials | 5.3% |
| Consumer Cyclicals | 5.3% |
| Communication Services | 4.6% |
| Energy | 4.0% |
| Real Estate | 2.3% |
| Basic Materials | 1.1% |
By region: North America 97.6%, Europe Developed 1.5%, Asia Emerging 0.6%, Latin America 0.4%.
USMV returns and risk
| Year to date | +8.0% |
|---|---|
| 1 year | +7.5% |
| 3 years (annualised) | +13.8% |
| 5 years (annualised) | +8.0% |
| 10 years (annualised) | +10.2% |
| Volatility (3 years) | 9.5% |
| Sharpe ratio (3 years) | 0.82 |
Past returns do not guarantee future results.
USMV: frequently asked questions
What does USMV invest in?
iShares MSCI USA Min Vol Factor ETF invests in a portfolio of securities. Its largest holdings are Amphenol Corporation (1.6%), Microsoft Corporation (1.7%), NVIDIA Corporation (1.6%), Exxon Mobil Corp (1.5%), Chubb Ltd (1.5%).
What is the USMV expense ratio?
0.15% a year: about $15.00 for every $10,000 invested.
What is the USMV dividend yield?
1.42%. ATLAS does not hold the exact distribution dates for ETFs.
Will USMV go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 59%, with a likely range (50%) of $102.33 to $105.69 from $103.43 today. It is a probability, not a prediction.
How has USMV performed?
Year to date +8.0%, one year +7.5%, three years +13.8% a year, five years +8.0% a year. Past returns do not guarantee future results.
Similar ETFs: US large caps
- Vanguard Total Stock Market ETF (VTI)
- Schwab U.S. Dividend Equity ETF (SCHD)
- iShares Core S&P Total U.S. Stock Market ETF (ITOT)
- Schwab U.S. Large-Cap ETF (SCHX)
- Schwab U.S. Large-Cap Growth ETF (SCHG)
- Vanguard Morningstar Large-Cap ETF (VV)
- Dimensional U.S. Core Equity 2 ETF (DFAC)
- iShares MSCI USA Quality Factor ETF (QUAL)
Educational information, not investment advice. Disclaimer