USMV vs VTV Overlap
USMV is an equity ETF from IShares, while VTV is a U.S. value equity ETF from Vanguard. USMV and VTV show meaningful overlap, with an estimated weighted overlap of 30.96%. They share 90 holdings in the loaded dataset, led by XOM, JNJ, and BRK-B.
Served from cache.
Quick Answer
USMV is an equity ETF from IShares, while VTV is a U.S. value equity ETF from Vanguard. USMV and VTV show meaningful overlap, with an estimated weighted overlap of 30.96%. They share 90 holdings in the loaded dataset, led by XOM, JNJ, and BRK-B.
- 30.96% weighted overlap across 90 shared holdings.
- The top three shared holdings explain 14.45% of the measured overlap.
- USMV and VTV are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- USMV holdings
- Mar 12, 2026
- VTV holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
Compare another pair
About These ETFs
What Stands Out In This Comparison
What This Means
USMV is an equity ETF from IShares, while VTV is a U.S. value equity ETF from Vanguard. USMV and VTV overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as XOM, JNJ, and BRK-B, which explains why the score lands at 30.96%.
How They Differ
USMV is an equity ETF from IShares, while VTV is a U.S. value equity ETF from Vanguard. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. VTV has the lower expense ratio, while USMV charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 14.45% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
Because USMV and VTV are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. VTV has the lower expense ratio, while USMV charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 14.45% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between USMV and VTV.
| Holding | Name | USMV Wt. | VTV Wt. | Overlap |
|---|---|---|---|---|
| XOM | EXXON MOBIL CORP | 1.52% | 2.42% | 1.52% |
| JNJ | JOHNSON & JOHNSON | 1.50% | 2.22% | 1.50% |
| BRK-B | BERKSHIRE HATHAWAY INC CLASS B | 1.46% | 3.04% | 1.46% |
| IBM | INTERNATIONAL BUSINESS MACHINES CO | 1.19% | 1.16% | 1.16% |
| PG | PROCTER & GAMBLE | 1.16% | 1.44% | 1.16% |
| CSCO | CISCO SYSTEMS INC | 1.51% | 1.13% | 1.13% |
| MRK | MERCK & CO INC | 1.24% | 1.11% | 1.11% |
| KO | COCA-COLA | 1.17% | 1.04% | 1.04% |
| PEP | PEPSICO INC | 1.02% | 0.85% | 0.85% |
| WMT | WALMART INC | 0.82% | 2.12% | 0.82% |
Why These ETFs Overlap
USMV is an equity ETF from IShares, while VTV is a U.S. value equity ETF from Vanguard. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are XOM, JNJ, and BRK-B, which appear in both portfolios and push the overlap score higher.
Holding both USMV and VTV can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
Related Comparisons
Frequently Asked Questions About USMV and VTV
What is the overlap between USMV and VTV?+
How many holdings do USMV and VTV share?+
Is the USMV and VTV overlap high?+
Why do USMV and VTV overlap?+
Which ETF is broader, USMV or VTV?+
How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.