ETF comparison

SPLG vs USMV

US Large Cap vs Low Volatility Factor.

SPDR Portfolio S&P 500 ETF · iShares MSCI USA Min Vol Factor ETF

Holdings overlap

Weighted by ISIN/CUSIP
34.9 %

154 positions appear in both funds. Buying equal dollars of SPLG and USMV would leave roughly 34.9% of each dollar exposed to the same underlying securities.

SPLG only 65.0% Shared 34.9% USMV only 64.8%
In SPLG only
351 positions
Shared
154 positions
In USMV only
16 positions

Side by side

SPLG

SPDR Portfolio S&P 500 ETF

State Street · US Large Cap

90 composite / 100
Expense ratio
0.020%
Net assets
$97.33B
TTM yield
1.13%
Top-10 conc.
36.5%
USMV

iShares MSCI USA Min Vol Factor ETF

iShares · Low Volatility Factor

90 composite / 100
Expense ratio
0.15%
Net assets
$23.01B
TTM yield
1.50%
Top-10 conc.
15.6%

Sub-score comparison

98
Cost
85
84
Tax efficiency
85
100
Liquidity
100
62
Concentration
92
Tracking quality
SPLG sub-score USMV

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SPLG is 13 bps cheaper than USMV. On a $100,000 position that's about $130/yr more in fees for USMV.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SPLG vs USMV.

Top shared holdings

154 shared in total
# Holding In SPLG In USMV Overlap
1 NVIDIA Corp 7.57% 1.63% 1.63%
2 Microsoft Corp 4.91% 1.56% 1.56%
3 Berkshire Hathaway Inc 1.57% 1.41% 1.41%
4 Exxon Mobil Corp 1.27% 1.60% 1.27%
5 Johnson & Johnson 1.05% 1.43% 1.05%
6 Visa Inc 0.91% 0.94% 0.91%
7 Walmart Inc 0.97% 0.87% 0.87%
8 Apple Inc 6.66% 0.82% 0.82%
9 Mastercard Inc 0.73% 1.15% 0.73%
10 Eli Lilly & Co 1.30% 0.66% 0.66%
11 AbbVie Inc 0.69% 0.63% 0.63%
12 Procter & Gamble Co/The 0.60% 1.10% 0.60%

Only in SPLG

351 total
  • Alphabet Inc 2.99%
  • Tesla Inc 1.87%
  • JPMorgan Chase & Co 1.42%
  • Caterpillar Inc 0.59%
  • Bank of America Corp 0.58%
  • General Electric Co 0.53%
  • Lam Research Corp 0.48%
  • Goldman Sachs Group Inc/The 0.45%
  • Wells Fargo & Co 0.44%
  • Intel Corp 0.37%

Only in USMV

16 total
  • WASTE CONNECTIONS, INC. 1.28%
  • LIBERTY MEDIA CORP - FORMULA ONE GROUP 0.56%
  • SUN COMMUNITIES, INC. 0.54%
  • MercadoLibre, Inc. 0.34%
  • FIRST CITIZENS BANCSHARES, INC. 0.32%
  • ALNYLAM PHARMACEUTICALS, INC. 0.31%
  • NEUROCRINE BIOSCIENCES, INC. 0.31%
  • MARVELL TECHNOLOGY, INC. 0.26%
  • ZOOM COMMUNICATIONS, INC. 0.25%
  • SNOWFLAKE INC. 0.24%

Open SPLG or USMV at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.