SPYMvsUSMV

State Street SPDR Portfolio S&P 500 ETF or iShares MSCI USA Min Vol Factor ETF, side by side from their own SEC filings. 35% of their stock holdings are the same at the same weight, across 148 stocks in both. SPYM costs 0.02% a year against 0.15% for USMV, $13 a year less on $10,000. Over the last twelve months SPYM returned +22.3% and USMV +7.3%.

35%of the two portfolios is the same stocks at the same weight
SPYM64% in stocks the other holds too
USMV94% in stocks the other holds too
stocks in bothstocks only in that fundbonds, cash and unmatched shares

The two funds

From each fund's latest N-PORT filing and its prospectus.

SPYMUSMVYearly cost0.02%0.15%Net assets$153.9B$23.6BPositions511169Last 12 months+22.3%+7.3%3 years, a year+20.6%+11.0%5 years, a year+13.4%+6.9%Largest holdingNVDA 7.5%MSFT 1.6%Main sectorTechnology 38%Technology 32%Holdings as ofJun 30, 2026Jul 31, 2026

Returns are total returns with dividends reinvested, from the funds’ own monthly figures; “(price)” marks a fund whose filing record is younger than a year, whose twelve months are its price change. The stronger figure in each row is set in bold. Past returns say what happened, not what will.

Growth of $100

Both funds from August 2019, the first month both report, dividends reinvested.

SPYM$279USMV$173
August 2019June 2026

What they both hold

148 stocks are in both funds: 64% of SPYM and 94% of USMV. The biggest shared positions:

Stockin SPYMin USMV
MSFT4.3%1.6%BRK-B1.4%1.5%NVDA7.5%1.3%AVGO2.8%1.0%JNJ0.9%1.5%AAPL6.6%0.9%V0.9%1.0%XOM0.9%1.4%LLY1.5%0.8%CSCO0.7%1.5%

Only in SPYM

Its biggest stocks the other fund does not hold.

  1. GOOGLAlphabet Inc.3.2%
  2. TSLATesla, Inc.1.8%
  3. JPMJPMorgan Chase1.4%
  4. INTCIntel1.0%
  5. LRCXLam Research0.8%
  6. CATCaterpillar Inc.0.8%

Only in USMV

Its biggest stocks the other fund does not hold.

  1. WCNWaste Connections, Inc.1.3%
  2. SNOWSnowflake Inc.0.5%
  3. FWONKFormula One Group0.5%
  4. ALNYAlnylam Pharmaceuticals, Inc.0.5%
  5. NBIXNeurocrine Biosciences, Inc.0.4%
  6. MELIMercadoLibre, Inc.0.4%

More comparisons

IVV vs SPYMSPYM vs VOOSPYI vs SPYMSPYM vs VVBBUS vs SPYMJQUA vs USMVDGRO vs USMVBBUS vs USMV

From each fund’s Form N-PORT (SPYM: June 2026, USMV: July 2026) and prospectus, via the SEC’s public data sets. Overlap counts only the stocks we can match to a listing: stock by stock, the smaller of the two weights, added up.