iShares MSCI USA Min Vol Factor ETF (USMV)

Look-through valuation · Style & factor · Expense ratio 0.15 % · ISIN US46429B6974

USMV iShares MSCI USA Min Vol Factor ETF USMV overvalued

Holdings vs fair value −36.6 % weighted average

Quality 64/100 avg alpha quality

Expense ratio 0.15 % per year (TER)

Fund size $ 23.0B yield 1.50 %

The look-through covers 98 % of the fund by weight (164 of 165 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 2011)

Monthly close since 2011. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding	Weight	vs fair value	Quality
Welltower Inc WELL	1.6 %	−80.0 %	55
Amphenol Corporation APH	1.6 %	−55.9 %	70
Johnson & Johnson JNJ	1.5 %	−31.6 %	84
Chubb Ltd CB	1.5 %	+2.4 %	69
Cisco Systems Inc CSCO	1.5 %	−61.5 %	77
Southern Company SO	1.5 %	−35.5 %	51
Vertex Pharmaceuticals Inc VRTX	1.5 %	−42.6 %	73
Duke Energy Corporation DUK	1.5 %	−21.9 %	52
Waste Management Inc WM	1.4 %	−45.0 %	59
BRKB BRKB	1.4 %	n/a	n/a
NVIDIA Corporation NVDA	1.4 %	−54.4 %	68
Microsoft Corporation MSFT	1.4 %	−30.7 %	59
Motorola Solutions Inc MSI	1.3 %	−53.3 %	60
Exxon Mobil Corp XOM	1.3 %	−37.5 %	60
Republic Services Inc RSG	1.3 %	−43.9 %	60
Consolidated Edison Inc ED	1.3 %	−43.0 %	56
Verizon Communications Inc VZ	1.3 %	+52.3 %	58
Waste Connections Inc WCN	1.3 %	−53.9 %	58
Merck & Company Inc MRK	1.3 %	+3.2 %	74
McKesson Corporation MCK	1.3 %	+2.9 %	62
Newmont Goldcorp Corp NEM	1.2 %	+18.5 %	68
The Coca-Cola Company KO	1.2 %	−51.6 %	72
Cencora Inc. COR	1.2 %	−40.7 %	56
Mastercard Inc MA	1.2 %	−58.5 %	75
McDonald’s Corporation MCD	1.1 %	−42.6 %	62

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 165 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives iShares MSCI USA Min Vol Factor ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.