AUSF vs IMCV: Grades, Fees and Holdings Compared

Global X Adaptive U.S. Factor ETF

AUSFCNYSE Arca

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Overlap

18.4%by weight

Expense ratio

IMCV −0.21pt a year

AUSF0.27%IMCV0.06%

Avg volume · 30D

AUSF 1.5×the volume

AUSF57.2KIMCV38.9K

5Y return · a year

AUSF +3.0pt

AUSF+14.0%IMCV+11.0%

AUSF vs IMCV Performance

Oct 29, 2021 – Oct 30, 2026

+92.6%AUSF+68.3%IMCV

Expense ratio: AUSF 0.27%; IMCV 0.06%, better
Fund size: AUSF $905M; IMCV $1.27B
1Y total return: AUSF +18.1%; IMCV +27.0%, better
Yield (12M): AUSF 2.65%, better; IMCV 1.84%
Holdings: AUSF 191; IMCV 271
Avg volume (30D): AUSF 57.2K sh, better; IMCV 38.9K sh
NAV per share: AUSF $51.94; IMCV $99.16
52W range

ETF.net Grade

Pillar letters and Scores for AUSF, IMCV, with each pillar’s weight
Pillar	AUSF	IMCV
Cost30% weight	B55	A96Higher
Mission25% weight	D36	A76Higher
Risk15% weight	A75	A77Higher
Tradability15% weight	C45	B69Higher
Holdings10% weight	B65	B69Higher
Durability5% weight	C50	A77Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. AUSF and IMCV are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

IMCV ranks 4th and AUSF 56th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 4AIMCViShares Morningstar Mid-Cap Value ETFScore 80
Rank 5ADCORU.S. Core Equity 1 Portfolio ETF Class SharesScore 79
Rank 56CAFLGFirst Trust Active Factor Large Cap ETFScore 52
Rank 56CAUSFGlobal X Adaptive U.S. Factor ETFScore 52
Rank 56CBFORBarron's 400 ETFScore 52

Our read on each fund

ETF.net Research

AUSFCGlobal X Adaptive U.S. Factor ETF

IMCVAiShares Morningstar Mid-Cap Value ETF

In short

AUSF Most multifactor ETFs bolt value, momentum and low volatility together at fixed weights. AUSF's index shifts the mix instead, tilting toward whichever of the three its rules favor, across roughly 190 US stocks.

IMCV No data

Stated mandate

AUSF The Fund seeks to provide investment results generally corresponding, before fees and expenses, to the performance of the Adaptive Wealth Strategies U.S. Factor Index. Its strategy dynamically allocates among U.S. equity value, momentum, and low-volatility factor exposures.

IMCV No data

Why people hold it

AUSF At 0.27%, it undercuts the median fee in its multifactor peer group. Not index-fund cheap, but light for a strategy that reshuffles its factor mix.
One ticker, three factors. Value, momentum and low volatility are allocated by published index rules, not a manager's discretion.globalxetfs.com
The low-volatility sleeve shows up in the numbers: its risk profile screens among the steadier in a crowded multifactor field. Trading since 2018.
Roughly 190 US stocks and quarterly distributions, so the payout rhythm is predictable even as the factor blend moves.

IMCV No data

Worth knowing

AUSF Rotation cuts both ways. The rules read past behavior, so when factor leadership flips quickly the portfolio can be leaning into the market that just ended.
Plainer neighbors cost far less: VONV at 0.06%, VYM at 0.04%. The extra fee here buys the rotation machinery, not broader coverage.
Mid-size and moderately traded rather than a liquidity giant, so spreads deserve a look on larger orders.

IMCV No data

Full AUSF profile⁠

Full IMCV profile⁠

AUSF vs IMCV Holdings

As of Oct 13, 2026

How AUSF and IMCV differ

Overlap by weight

18.4%

Shared holdings make up 28.6% of IMCV and 28.3% of AUSF.

Level by level

Holdings66 in both18.4%
Sector11 Sectors81.1%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in AUSF and IMCV, widest gap first
Sector	More in AUSFMore in IMCV	AUSF	IMCV
Technology	AUSF +11.2 points	17.7%	6.5%
Energy	IMCV +9.0 points	4.4%	13.4%
Communication	AUSF +7.0 points	8.1%	1.1%
Utilities	IMCV +4.7 points	4.3%	9.0%
Industrials	IMCV +1.7 points	12.5%	14.2%
Materials	IMCV +1.5 points	3.5%	5.0%
Financials	IMCV +1.4 points	17.1%	18.5%
Consumer Discretionary	AUSF +0.8 points	7.7%	6.9%
Health Care	IMCV +0.5 points	11.7%	12.2%
Consumer Staples	IMCV +0.2 points	8.5%	8.7%
Real Estate	Same weight	4.6%	4.6%

Country, concentration and asset class

Country by domicile

Country weights in AUSF and IMCV, widest gap first
Country	More in AUSFMore in IMCV	AUSF	IMCV
United States	AUSF +0.7 points	99.4%	98.7%
Other countries (4)	IMCV +0.7 points	0.6%	1.3%

Concentration

Weight in the 10 largest Holdings

AUSF17.2%
IMCV13.2%

Securities held

AUSF190
IMCV268

Asset class

AUSF: Equity
IMCV: Equity

Holdings

Only in AUSF124
In both66
Only in IMCV202

Only in AUSF

124 securities, 71.6% of AUSF by weight

Verizon Communications Inc2.00%
Microsoft Corp2.00%
AT&T Inc1.89%
Verisign Inc1.66%
Berkshire Hathaway Inc-Cl B1.64%
Apple Inc1.63%
Motorola Solutions Inc1.61%
Johnson & Johnson1.60%
Cisco Systems Inc1.60%
Txnm Energy Inc1.56%
Cme Group Inc1.55%
Linde PLC1.49%
Rtx Corporation1.48%
Coca-Cola Co/The1.48%
Tjx Companies Inc1.41%
Waste Management Inc1.39%
General Dynamics Corp1.38%
Walmart Inc1.38%
Lockheed Martin Corp1.38%
Amdocs Ltd1.32%
Altria Group Inc1.32%
Agree Realty Corp1.27%
Penumbra Inc1.22%
Mccormick & Co-Non Vtg Shrs0.89%
Accenture Plc-Cl A0.78%
T-Mobile Us Inc0.71%
Exxonmobil Holdings Corp0.69%
Medtronic PLC0.67%
Mcdonald's Corp0.64%
New York Times Co-A0.63%
Universal Health Services-B0.61%
Bio-Rad Laboratories-A0.61%
Skyworks Solutions Inc0.61%
Gap Inc/The0.60%
Pfizer Inc0.59%
Solventum Corp0.57%
Avnet Inc0.56%
Mohawk Industries Inc0.55%
Antero Midstream Corp0.55%
Matson Inc0.54%
Ugi Corp0.53%
Pilgrim's Pride Corp0.52%
Aes Corp0.52%
Best Buy Co Inc0.52%
Noble Corp PLC0.52%
Everest Group Ltd0.51%
Stanley Black & Decker Inc0.51%
Franklin Templeton Inc0.51%
United Bankshares Inc0.51%
Southstate Bank Corp0.51%

Only in IMCV

202 securities, 71.2% of IMCV by weight

Valero Energy Corp1.57%
Phillips 661.54%
Regeneron Pharmaceuticals1.25%
Pnc Financial Services Group1.24%
3M1.23%
Eog Resources1.19%
Mondelez International Class A1.14%
Slb1.09%
Moderna1.08%
General Motors1.05%
Hewlett Packard Enterprise1.00%
Cheniere Energy0.93%
Marathon Petroleum0.88%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Metlife0.73%
Williams0.72%
Delta Air Lines0.72%
Paccar Inc0.69%
Colgate-Palmolive0.69%
Xcel Energy Inc0.68%
PayPal Holdings0.67%
Keurig Dr Pepper Inc0.66%
Ford Motor Co0.66%
Strategy Inc Class A0.65%
Exelon Corp0.65%
Occidental Petroleum Corp0.64%
Nike Class B0.62%
Iqvia Holdings Inc0.60%
American International Group0.56%
Sysco0.54%
Crh Public Limited PLC0.53%
Workday Class A0.53%
Diamondback Energy0.53%
Bank of New York Mellon Corp0.52%
Air Products and Chemicals0.52%
Kroger0.52%
Crown Castle Inc0.52%
Illinois Tool Inc0.52%
Biogen0.51%
D R Horton0.50%
Hartford Insurance Group0.50%
Emerson Electric0.49%
Kimberly Clark0.49%
Paychex0.49%
Dell Technologies Inc Class C0.48%
Arch Capital Group0.48%
Targa Resources0.48%
Ge Healthcare Technologies0.48%

Weight gaps

All 66 Holdings in both funds, largest gap first.

Holding weights in AUSF and IMCV, widest gap first
Holding	More in AUSFMore in IMCV	AUSF	IMCV
Royalty Pharma Plc- Class ARPRX	AUSF +1.18 points	1.52%	0.34%
Republic Services IncRSG	AUSF +1.15 points	1.41%	0.26%
Travelers Cos Inc/TheTRV	IMCV +1.05 points	0.08%	1.13%
L3HARRIS Technologies IncLHX	AUSF +0.83 points	1.09%	0.26%
Us BancorpUSB	IMCV +0.81 points	0.46%	1.27%
MarshMRSH	IMCV +0.73 points	0.09%	0.82%
United Parcel Service-Cl BUPS	IMCV +0.69 points	0.42%	1.11%
Aflac IncAFL	AUSF +0.68 points	1.44%	0.76%
Elevance Health IncELV	IMCV +0.64 points	0.56%	1.20%
The Cigna GroupCI	IMCV +0.53 points	0.51%	1.04%
Consolidated Edison IncED	IMCV +0.50 points	0.09%	0.59%
Norfolk Southern CorpNSC	IMCV +0.50 points	0.09%	0.59%
American Electric PowerAEP	IMCV +0.47 points	0.09%	0.56%
Fox Corp - Class BFOX	AUSF +0.47 points	0.57%	0.10%
Leidos Holdings IncLDOS	AUSF +0.44 points	0.68%	0.24%
Realty Income CorpO	IMCV +0.40 points	0.08%	0.48%
Target CorpTGT	IMCV +0.39 points	0.57%	0.96%
Expand Energy CorpEXE	AUSF +0.39 points	0.49%	0.10%
Truist Financial CorpTFC	IMCV +0.36 points	0.46%	0.82%
Alcoa CorpAA	AUSF +0.32 points	0.46%	0.14%
Falcon Topco IncOKE	IMCV +0.31 points	0.52%	0.83%
Cognizant Tech Solutions-ACTSH	AUSF +0.31 points	0.71%	0.40%
Kinder Morgan IncKMI	IMCV +0.30 points	0.61%	0.91%
Zimmer Biomet Holdings IncZBH	AUSF +0.29 points	0.54%	0.25%
Citizens Financial GroupCFG	AUSF +0.27 points	0.45%	0.18%
Firstenergy CorpFE	IMCV +0.26 points	0.09%	0.35%
Charter Communications Inc-ACHTR	AUSF +0.26 points	0.41%	0.15%
Loews CorpL	AUSF +0.26 points	0.42%	0.16%
Bunge Global SABG	AUSF +0.25 points	0.43%	0.18%
Hp IncHPQ	AUSF +0.25 points	0.61%	0.36%
Northrop Grumman CorpNOC	AUSF +0.25 points	0.89%	0.64%
Quest Diagnostics IncDGX	IMCV +0.24 points	0.14%	0.38%
Global Payments IncGPN	AUSF +0.25 points	0.54%	0.29%
Viatris IncVTRS	AUSF +0.24 points	0.53%	0.29%
Annaly Capital Management InNLY	AUSF +0.24 points	0.42%	0.18%
Lennar Corp-ALEN	AUSF +0.22 points	0.47%	0.25%
Dupont De Nemours IncDD	AUSF +0.22 points	0.48%	0.26%
Wec Energy Group IncWEC	IMCV +0.20 points	0.08%	0.28%
Ross Stores IncROST	IMCV +0.20 points	0.07%	0.27%
Wr Berkley CorpWRB	IMCV +0.19 points	0.09%	0.28%
Evergy IncEVRG	IMCV +0.18 points	0.09%	0.27%
KeycorpKEY	AUSF +0.18 points	0.45%	0.27%
Smurfit Westrock PLCSW	AUSF +0.16 points	0.47%	0.31%
Fidelity National Info ServicesFIS	AUSF +0.17 points	0.44%	0.27%
Automatic Data ProcessingADP	IMCV +0.16 points	1.44%	1.60%
Cardinal Health IncCAH	IMCV +0.16 points	0.20%	0.36%
Vici Properties IncVICI	AUSF +0.15 points	0.52%	0.37%
Regions Financial CorpRF	AUSF +0.14 points	0.46%	0.32%
Willis Towers Watson PLCWTW	IMCV +0.14 points	0.09%	0.23%
Atmos Energy CorpATO	IMCV +0.13 points	0.08%	0.21%
Centerpoint Energy IncCNP	IMCV +0.12 points	0.08%	0.20%
Cms Energy CorpCMS	IMCV +0.11 points	0.08%	0.19%
Broadridge Financial SolutioBR	AUSF +0.11 points	0.39%	0.28%
Wp Carey IncWPC	IMCV +0.10 points	0.09%	0.19%
Becton Dickinson and CoBDX	IMCV +0.11 points	0.63%	0.74%
Fiserv IncFISV	AUSF +0.11 points	0.47%	0.36%
Eversource EnergyES	AUSF +0.11 points	0.46%	0.35%
Verisk Analytics IncVRSK	IMCV +0.08 points	0.07%	0.15%
Teledyne Technologies IncTDY	IMCV +0.07 points	0.09%	0.16%
Prudential Financial IncPRU	IMCV +0.06 points	0.49%	0.55%
Edison InternationalEIX	AUSF +0.06 points	0.36%	0.30%
News Corp - Class ANWSA	IMCV +0.06 points	0.09%	0.15%
News Corp - Class BNWS	AUSF +0.04 points	0.09%	0.05%
Snap-On IncSNA	AUSF +0.01 points	0.16%	0.15%
Huntington Bancshares IncHBAN	AUSF +0.02 points	0.44%	0.42%
Archer-Daniels-Midland CoADM	IMCV +0.01 points	0.47%	0.48%

All 189 AUSF holdings⁠All 268 IMCV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AUSF vs IMCV Cost

Overpaying AUSF vs IMCV

$4,287

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AUSF 0.27%
$5,557
IMCV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

AUSF 0.27%
IMCV 0.06%
Overpaying

Year by year

Year	AUSF	IMCV	Overpaying
10	$491	$110	$381
20	$1,907	$432	$1,475
30	$5,557	$1,270	$4,287

Expense ratio

0.27%AUSF
0.06%IMCV, cheaper

IMCV0.06%AUSF0.27%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

AUSF 40th cheapest of 99 funds

AUSF vs IMCV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AUSF 2.65%, better; IMCV 1.84%
Payout (12M): AUSF $1.38; IMCV $1.83
Last payment: AUSF $0.33; IMCV $0.52
Ex-dividend: AUSF Aug 5, 2026; IMCV Sep 15, 2026
Paid on: AUSF Aug 10, 2026; IMCV Sep 18, 2026
Frequency: AUSF Quarterly; IMCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AUSFQuarterly · 39 paymentsAll AUSF payments⁠

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

AUSF vs IMCV Risk

Fall from peak · 5 years

AUSF
IMCV

Risk facts

VolatilityStd dev, 3 years: AUSF 13.0%, betterIMCV 13.6%
Return per unit of riskSharpe ratio, 3 years: AUSF 1.24, betterIMCV 1.22
Worst fallMax drawdown, 5 years: AUSF −14.2%, betterIMCV −19.9%
Market sensitivityBeta, 5 years: AUSF 0.66IMCV 0.88; Market = 1

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