DGRO vs USMV overlap - what they share and where they differ
DGRO and USMV share 35.7% of their weight across 83 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
DGRO and USMV
35.7%
83 shared positions
DGRO
iShares Core Dividend Growth ETF
Reported positions cover 100% of the fund, 386 positions · Jul 31, 2026
Top 10: 27.2%·Holdings of DGRO
USMV
iShares MSCI USA Min Vol Factor ETF
Reported positions cover 100% of the fund, 165 positions · Jul 31, 2026
Top 10: 15.1%·Holdings of USMV
Reported positions cover DGRO 100%, USMV 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
USMV vs DGRO side by side
DGROiShares Core Dividend Growth ETF
386
stock positions reported to the SEC
38.2% of its weight is in 303 names USMV does not hold
USMViShares MSCI USA Min Vol Factor ETF
165
stock positions reported to the SEC
42.7% of its weight is in 82 names DGRO does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: USMV has 13.5 points more of it.
The figures side by side
| DGRO | USMV | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jul 31, 2026 |
| Stock positions reported | 386 | 165 |
| Weight of the ten largest | 27.2% | 15.1% |
| Largest position | MSFT 3.2% | MSFT 1.6% |
| Held alone | 303 positions, 38.2% | 82 positions, 42.7% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In DGRO | In USMV | Counted |
|---|---|---|---|
| MSFTMICROSOFT CORP | 3.24% | 1.62% | 1.62% |
| JNJJOHNSON & JOHNSON | 3.07% | 1.54% | 1.54% |
| XOMEXXONMOBIL HOLDINGS CORP | 2.87% | 1.39% | 1.39% |
| MRKMERCK & COMPANY INC | 1.91% | 1.35% | 1.35% |
| CSCOCISCO SYSTEMS INC | 1.33% | 1.46% | 1.33% |
| KOCOCA-COLA COMPANY (THE) | 1.96% | 1.28% | 1.28% |
| MCDMCDONALD'S CORP | 1.11% | 1.10% | 1.10% |
| PGPROCTER & GAMBLE COMPANY (THE) | 2.17% | 1.04% | 1.04% |
| IBMINTERNATIONAL BUSINESS MACHINES CORP | 1.08% | 1.03% | 1.03% |
| AVGOBROADCOM INC | 2.55% | 1.02% | 1.02% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in DGRO
Only in USMV
Questions people ask
Is DGRO the same as USMV?
35.7% of their weight sits in the same 83 holdings. DGRO also reports JPM, BAC, WFC, which the other does not. USMV also reports WELL, BRK.A, VRTX, which the other does not.
How is the overlap between DGRO and USMV measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of DGRO and 100% of USMV, so the number cannot exceed the smaller coverage.
Which holds more, USMV or DGRO?
DGRO reports 386 stock positions and USMV reports 165. 38.2% of DGRO's weight sits in names USMV does not hold, and 42.7% of USMV's weight in names DGRO does not hold. The ten largest positions are 27.2% of DGRO and 15.1% of USMV.
How do DGRO and USMV differ by sector?
The widest gap is Technology: USMV has 13.5 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.