BMVP vs IMCV: Grades, Fees and Holdings Compared

Invesco Bloomberg MVP Multi-factor ETF

BMVPCNYSE Arca

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Overlap

20.1%by weight

Expense ratio

IMCV −0.23pt a year

BMVP0.29%IMCV0.06%

Avg volume · 30D

IMCV 43.2×the volume

BMVP900IMCV38.9K

10Y return · a year

IMCV +1.3pt

BMVP+9.8%IMCV+11.1%

BMVP vs IMCV Performance

Oct 29, 2021 – Oct 30, 2026

+43.1%BMVP+68.3%IMCV

Expense ratio: BMVP 0.29%; IMCV 0.06%, better
Fund size: BMVP $104M; IMCV $1.27B
1Y total return: BMVP +14.9%; IMCV +27.0%, better
Yield (12M): BMVP 1.75%; IMCV 1.84%, better
Holdings: BMVP 57; IMCV 271
Avg volume (30D): BMVP 900 sh; IMCV 38.9K sh, better
NAV per share: BMVP $54.30; IMCV $99.16
52W range

ETF.net Grade

Pillar letters and Scores for BMVP, IMCV, with each pillar’s weight
Pillar	BMVP	IMCV
Cost30% weight	B55	A96Higher
Mission25% weight	B55	A76Higher
Risk15% weight	A71	A77Higher
Tradability15% weight	D33	B69Higher
Holdings10% weight	B55	B69Higher
Durability5% weight	B62	A77Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. BMVP 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 BMVP 52nd 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 50BPSCPrincipal U.S. Small-Cap Multi-Factor ETFScore 55
Rank 52CBMVPInvesco Bloomberg MVP Multi-factor ETFScore 54
Rank 53CFTCSFirst Trust Capital Strength ETFScore 53

Our read on each fund

ETF.net Research

BMVPCInvesco Bloomberg MVP Multi-factor ETF

IMCVAiShares Morningstar Mid-Cap Value ETF

In short

BMVP Four factors (low volatility, momentum, profitability, value) packed into roughly 60 US stocks, tracking Bloomberg's MVP Index for 0.29% a year. A compact multi-factor blend from Invesco that almost nobody talks about.

IMCV No data

Stated mandate

BMVP The Fund seeks to track the investment results of the Bloomberg MVP Index before fees and expenses.

IMCV No data

Why people hold it

BMVP Four factors in one ticker: low volatility, momentum, profitability and value, blended inside the Bloomberg MVP Index instead of you stitching together four separate funds.
0.29% a year sits under the median fee in the multi-factor crowd, modest for a rules-based blend that does the mixing for you.
Roughly 60 US stocks, so the factor tilts show up in the portfolio rather than getting watered down across hundreds of names. Distributions come quarterly.

IMCV No data

Worth knowing

BMVP Thinly traded and small by ETF standards, which typically means wider bid-ask spreads and more cost around the trade itself.
Plain single-factor index funds cost far less: VYM at 0.04%, VONV at 0.06%. The extra fee here buys the four-factor recipe.
It lands in the lower half of its multi-factor peer group, and how lightly it trades is the biggest drag on that standing.

IMCV No data

Full BMVP profile⁠

Full IMCV profile⁠

BMVP vs IMCV Holdings

How BMVP and IMCV differ

Overlap by weight

20.1%

Shared holdings make up 69.3% of BMVP and 20.1% of IMCV.

Level by level

Holdings37 in both20.1%
Sector11 Sectors81.8%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in BMVP and IMCV, widest gap first
Sector	More in BMVPMore in IMCV	BMVP	IMCV
Technology	BMVP +9.1 points	15.6%	6.5%
Energy	IMCV +7.2 points	6.2%	13.4%
Communication	BMVP +6.5 points	7.6%	1.1%
Utilities	IMCV +4.7 points	4.3%	9.0%
Consumer Staples	IMCV +3.5 points	5.2%	8.7%
Financials	IMCV +2.4 points	16.1%	18.5%
Consumer Discretionary	BMVP +2.3 points	9.2%	6.9%
Health Care	IMCV +0.5 points	11.7%	12.2%
Materials	BMVP +0.3 points	5.3%	5.0%
Industrials	IMCV +0.2 points	14.0%	14.2%
Real Estate	Same weight	4.6%	4.6%

Country, concentration and asset class

Country by domicile

Country weights in BMVP and IMCV, widest gap first
Country	More in BMVPMore in IMCV	BMVP	IMCV
United States	BMVP +1.3 points	100.0%	98.7%
Other countries (4)	IMCV +1.3 points	0.0%	1.3%

Concentration

Weight in the 10 largest Holdings

BMVP20.0%
IMCV13.2%

Securities held

BMVP56
IMCV268

Asset class

BMVP: Equity
IMCV: Equity

Holdings

Only in BMVP19
In both37
Only in IMCV231

Only in BMVP

19 securities, 30.6% of BMVP by weight

Ball Corp1.99%
Best Buy Co Inc1.96%
Becton Dickinson & Co1.91%
Warner Music Group Corp1.90%
WW Grainger Inc1.90%
Coca-Cola Co/The1.86%
American Express Co1.84%
PepsiCo Inc1.82%
Pfizer Inc1.81%
Apple Inc1.81%
Johnson & Johnson1.79%
Adobe Inc1.78%
Cisco Systems Inc1.74%
Jabil Inc1.73%
Bristol-Myers Squibb Co1.70%
Verizon Communications Inc1.64%
Fortinet Inc1.34%
Invesco Government & Agency Portfolio0.01%
Securities Lending - Bnym0.00%

Only in IMCV

231 securities, 79.8% of IMCV by weight

Us Bancorp1.27%
Regeneron Pharmaceuticals1.25%
Pnc Financial Services Group1.24%
Elevance Health Inc1.20%
Eog Resources1.19%
Mondelez International Class A1.14%
Slb1.09%
Moderna1.08%
Cigna1.04%
Hewlett Packard Enterprise1.00%
Target Corp0.96%
Cheniere Energy0.93%
Kinder Morgan0.91%
Oneok0.83%
Truist Financial0.82%
Marsh0.82%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
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%
Northrop Grumman Corp0.64%
Occidental Petroleum Corp0.64%
Nike Class B0.62%
Iqvia Holdings Inc0.60%
Consolidated Edison0.59%
Norfolk Southern Corp0.59%
American Electric Power Inc0.56%
American International Group0.56%
Prudential Financial Inc0.55%
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%
Biogen0.51%
D R Horton0.50%
Hartford Insurance Group0.50%

Weight gaps

All 37 Holdings in both funds, largest gap first.

Holding weights in BMVP and IMCV, widest gap first
Holding	More in BMVPMore in IMCV	BMVP	IMCV
CDW Corp/DECDW	BMVP +1.95 points	2.22%	0.27%
Darden Restaurants IncDRI	BMVP +1.77 points	1.97%	0.20%
Packaging Corp of AmericaPKG	BMVP +1.75 points	1.92%	0.17%
Williams-Sonoma IncWSM	BMVP +1.74 points	1.97%	0.23%
Nucor CorpNUE	BMVP +1.71 points	2.03%	0.32%
Expeditors International of Washington IncEXPD	BMVP +1.68 points	1.85%	0.17%
Expedia Group IncEXPE	BMVP +1.65 points	1.85%	0.20%
Evergy IncEVRG	BMVP +1.61 points	1.88%	0.27%
Cardinal Health IncCAH	BMVP +1.59 points	1.95%	0.36%
Raymond James Financial IncRJF	BMVP +1.57 points	1.76%	0.19%
Mid-America Apartment Communities IncMAA	BMVP +1.54 points	1.73%	0.19%
Allstate Corp/TheALL	BMVP +1.54 points	1.99%	0.45%
Synchrony FinancialSYF	BMVP +1.53 points	1.87%	0.34%
DTE Energy CoDTE	BMVP +1.53 points	1.91%	0.38%
FirstEnergy CorpFE	BMVP +1.51 points	1.86%	0.35%
CSX CorpCSX	BMVP +1.51 points	1.94%	0.43%
Quest Diagnostics IncDGX	BMVP +1.49 points	1.87%	0.38%
VICI Properties IncVICI	BMVP +1.47 points	1.84%	0.37%
T Rowe Price Group IncTROW	BMVP +1.47 points	1.77%	0.30%
NetApp IncNTAP	BMVP +1.45 points	1.79%	0.34%
Ross Stores IncROST	BMVP +1.45 points	1.72%	0.27%
Paychex IncPAYX	BMVP +1.43 points	1.92%	0.49%
Principal Financial Group IncPFG	BMVP +1.42 points	1.75%	0.33%
Ameriprise Financial IncAMP	BMVP +1.41 points	1.75%	0.34%
HP IncHPQ	BMVP +1.40 points	1.76%	0.36%
Simon Property Group IncSPG	BMVP +1.38 points	1.85%	0.47%
Illinois Tool Works IncITW	BMVP +1.37 points	1.89%	0.52%
Sysco CorpSYY	BMVP +1.29 points	1.83%	0.54%
MetLife IncMET	BMVP +1.12 points	1.85%	0.73%
Marathon Petroleum CorpMPC	BMVP +1.01 points	1.89%	0.88%
United Parcel Service IncUPS	BMVP +0.87 points	1.98%	1.11%
General Motors CoGM	BMVP +0.87 points	1.92%	1.05%
Travelers Cos Inc/TheTRV	BMVP +0.80 points	1.93%	1.13%
3M CoMMM	BMVP +0.63 points	1.86%	1.23%
Automatic Data Processing IncADP	BMVP +0.31 points	1.91%	1.60%
Phillips 66PSX	BMVP +0.31 points	1.85%	1.54%
Valero Energy CorpVLO	BMVP +0.14 points	1.71%	1.57%

All 55 BMVP 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.

BMVP vs IMCV Cost

Overpaying BMVP vs IMCV

$4,682

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

BMVP 0.29%
$5,952
IMCV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

BMVP 0.29%
IMCV 0.06%
Overpaying

Year by year

Year	BMVP	IMCV	Overpaying
10	$527	$110	$417
20	$2,044	$432	$1,612
30	$5,952	$1,270	$4,682

Expense ratio

0.29%BMVP
0.06%IMCV, cheaper

IMCV0.06%BMVP0.29%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

BMVP 43rd cheapest of 99 funds

BMVP vs IMCV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BMVP 1.75%; IMCV 1.84%, better
Payout (12M): BMVP $0.95; IMCV $1.83
Last payment: BMVP $0.25; IMCV $0.52
Ex-dividend: BMVP Sep 21, 2026; IMCV Sep 15, 2026
Paid on: BMVP Sep 25, 2026; IMCV Sep 18, 2026
Frequency: BMVP Quarterly; IMCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BMVPQuarterly · 38 paymentsAll BMVP payments⁠

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

BMVP vs IMCV Risk

Fall from peak · 5 years

BMVP
IMCV

Risk facts

VolatilityStd dev, 3 years: BMVP 12.4%, betterIMCV 13.6%
Return per unit of riskSharpe ratio, 3 years: BMVP 1.01IMCV 1.22, better
Worst fallMax drawdown, 5 years: BMVP −26.6%IMCV −19.9%, better
Market sensitivityBeta, 5 years: BMVP 0.72IMCV 0.88; Market = 1

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