IVV vs USMV overlap - what they share and where they differ
IVV and USMV share 34.3% of their weight across 146 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.
IVV and USMV
34.3%
146 shared positions
IVV
iShares Core S&P 500 ETF
Reported positions cover 100% of the fund, 500 positions · Jun 30, 2026
Top 10: 37.8%·Holdings of IVV
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 IVV 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 IVV side by side
IVViShares Core S&P 500 ETF
500
stock positions reported to the SEC
32.9% of its weight is in 354 names USMV does not hold
USMViShares MSCI USA Min Vol Factor ETF
165
stock positions reported to the SEC
6.9% of its weight is in 19 names IVV does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: IVV has 15.7 points more of it.
The figures side by side
| IVV | USMV | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jul 31, 2026 |
| Stock positions reported | 500 | 165 |
| Weight of the ten largest | 37.8% | 15.1% |
| Largest position | NVDA 7.5% | MSFT 1.6% |
| Held alone | 354 positions, 32.9% | 19 positions, 6.9% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In IVV | In USMV | Counted |
|---|---|---|---|
| MSFTMicrosoft Corp. | 4.29% | 1.62% | 1.62% |
| BRK.ABerkshire Hathaway, Inc. | 1.42% | 1.47% | 1.42% |
| NVDANVIDIA Corp. | 7.51% | 1.32% | 1.32% |
| AVGOBroadcom, Inc. | 2.77% | 1.02% | 1.02% |
| JNJJohnson & Johnson | 0.95% | 1.54% | 0.95% |
| AAPLApple, Inc. | 6.58% | 0.90% | 0.90% |
| VVisa, Inc. | 0.88% | 1.00% | 0.88% |
| XOMExxon Mobil Corp. | 0.88% | 1.39% | 0.88% |
| LLYEli Lilly & Co. | 1.47% | 0.78% | 0.78% |
| CSCOCisco Systems, Inc. | 0.72% | 1.46% | 0.72% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in IVV
Only in USMV
Questions people ask
Is IVV the same as USMV?
34.3% of their weight sits in the same 146 holdings. IVV also reports TSLA, JPM, INTC, which the other does not. USMV also reports WCN, ACCENTURE PUBLIC LIMITED COMPANY, SNOW, which the other does not.
How is the overlap between IVV 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 IVV and 100% of USMV, so the number cannot exceed the smaller coverage.
Which holds more, USMV or IVV?
IVV reports 500 stock positions and USMV reports 165. 32.9% of IVV's weight sits in names USMV does not hold, and 6.9% of USMV's weight in names IVV does not hold. The ten largest positions are 37.8% of IVV and 15.1% of USMV.
How do IVV and USMV differ by sector?
The widest gap is Technology: IVV has 15.7 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.
Other pairs with these funds
IVV against other funds in the table
Add a third fund in the tool·All fund pairs
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.