SPYUS equity
State Street SPDR S&P 500 ETF Trust
504holdings
0.09%annual fee
USmarket
Valuation492 companies covered
27.5×P / E97% by weight
5.44×P / B85% by weight
3.6%Earnings yield
ETF comparisons / SPY vs USMV
US equity comparison · Holdings dated 2026-09-11
SPY vs USMV
State Street SPDR S&P 500 ETF Trust compared with iShares MSCI USA Min Vol Factor ETF
Most company exposure is different between these funds.SPY has 348 companies outside the overlap; USMV has 23.
Do SPY and USMV overlap?
SPY and USMV overlap by 36.1% by weight, across 153 shared companies.
USMVequity
iShares MSCI USA Min Vol Factor ETF
178holdings
0.15%annual fee
USmarket
Valuation170 companies covered
24.1×P / E97% by weight
4.22×P / B87% by weight
4.2%Earnings yield
Price development
Both lines rebased to 0% over their shared dates
Largest shared positions
153 companies held in both funds
SPY weight
USMV weight
| Shared company | SPY | USMV |
|---|---|---|
| Microsoft Corp MSFT | 5.58% | 1.56% |
| NVIDIA CORP NVDA | 8.01% | 1.53% |
| BERKSHIRE HATHAWAY INC. BRK/B | 1.42% | 1.46% |
| ExxonMobil Holdings Corporation 2670549D | 1.04% | 1.48% |
| JOHNSON & JOHNSON JNJ | 0.97% | 1.48% |
| Apple Inc AAPL | 7.40% | 0.96% |
| BROADCOM INC AVGO | 2.60% | 0.94% |
| Visa Inc V | 0.93% | 1.01% |
| Micron Technology Inc MU | 1.67% | 0.76% |
| ELI LILLY & CO LLY | 1.34% | 0.76% |
| ADVANCED MICRO DEVICES AMD | 1.28% | 0.74% |
| Mastercard Inc MA | 0.70% | 1.24% |
| AbbVie Inc ABBV | 0.69% | 0.73% |
| WALMART INC. WMT | 0.71% | 0.68% |
| CISCO SYSTEMS, INC. CSCO | 0.67% | 1.41% |
| Chevron Corp CVX | 0.61% | 0.63% |
| PALANTIR TECHNOLOGIES INC-A PLTR | 0.58% | 0.94% |
| Applied Materials Inc AMAT | 0.55% | 0.58% |
| Merck & Co Inc MRK | 0.54% | 1.44% |
| THE COCA-COLA COMPANY KO | 0.52% | 1.28% |
| THE PROCTER & GAMBLE COMPANY PG | 0.51% | 1.04% |
| Costco Wholesale Corp COST | 0.61% | 0.48% |
| Philip Morris International Inc PM | 0.45% | 0.58% |
| Palo Alto Networks Inc PANW | 0.41% | 0.63% |
| GE VERNOVA INC. GEV | 0.39% | 0.61% |
SPY and USMV questions
Based on the holdings compared above
How much do SPY and USMV overlap?
SPY and USMV overlap by 36.1% by weight, across 153 shared companies.
Which companies do SPY and USMV both hold?
The largest companies held in both funds are Microsoft Corp, NVIDIA CORP, BERKSHIRE HATHAWAY INC., ExxonMobil Holdings Corporation, JOHNSON & JOHNSON.
Can I hold both SPY and USMV?
Holding both means 36.1% of that part of your portfolio is the same companies counted twice. That can suit you or not depending on your goals; this tool reports the overlap rather than giving advice.
Is SPY or USMV cheaper?
SPY has a 0.09% expense ratio and USMV has 0.15%.
How do SPY and USMV compare on valuation?
SPY has a weighted P/E of 27.5 and USMV has a weighted P/E of 24.1.
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