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CAFG vs ILCV

Pacer US Small Cap Cash Cows Growth Leaders ETF

CAFGCNasdaq

iShares Morningstar Value ETF

ILCVANYSE Arca

Overlap

Expense ratio

ILCV −0.55pt a year

CAFG0.59%ILCV0.04%

Avg volume · 30D

ILCV 1.3×the volume

CAFG18.6KILCV24.4K

3Y return · a year

ILCV +1.7pt

CAFG+20.9%ILCV+22.6%

CAFG vs ILCV Performance

Oct 31, 2025 – Oct 30, 2026

+34.0%CAFG+21.0%ILCV

Oct 31, 2025 to Oct 30, 2026. CAFG +34.0%. ILCV +21.0%. Use the arrow keys to read each point.0%10%Oct 2025Apr 2026Oct 2026
Expense ratio
CAFG 0.59%
ILCV 0.04%, better
Fund size
CAFG $47M
ILCV $1.37B
1Y total return
CAFG +34.0%, better
ILCV +21.0%
Yield (12M)
CAFG 0.34%
ILCV 1.51%, better
Holdings
CAFG 100
ILCV 375
Avg volume (30D)
CAFG 18.6K sh
ILCV 24.4K sh, better
NAV per share
CAFG $34.02
ILCV $109.27
52W range

ETF.net Grade

CAFG: Cost 19, Risk 35, Mission 86, Tradability 51, Holdings 46, Durability 16. ILCV: Cost 99, Risk 90, Mission 82, Tradability 64, Holdings 39, Durability 82.
Pillar letters and Scores for CAFG, ILCV, with each pillar’s weight
PillarCAFGILCV
Cost30% weightF19A99Higher
Mission25% weightA86HigherA82
Risk15% weightD35A90Higher
Tradability15% weightC51B64Higher
Holdings10% weightC46HigherD39
Durability5% weightF16A82Higher

Rank among US Multifactor funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CAFG and ILCV 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 ›

ILCV ranks 2nd and CAFG 73rd of 99 funds in the US Multifactor Category.

  1. Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
  2. Rank 2AILCViShares Morningstar Value ETFScore 81
  3. Rank 2AVYMVanguard High Dividend Yield ETFScore 81
  4. Rank 73CBUYBProShares S&P 500 Buyback Aristocrats ETFScore 45
  5. Rank 73CCAFGPacer US Small Cap Cash Cows Growth Leaders ETFScore 45
  6. Rank 73COPTZOptimize Strategy Index ETFScore 45

Our read on each fund

ETF.net Research

CAFGCPacer US Small Cap Cash Cows Growth Leaders ETF

ILCVAiShares Morningstar Value ETF

In short

CAFG Pacer's Cash Cows brand pointed down-market: roughly 100 US small caps screened for profitability, growth and momentum. A narrow, still-young sleeve of the multifactor shelf rather than another broad-market clone.

ILCV Value done the thorough way: roughly 400 large- and mid-cap US stocks screened on five separate value measures, not just cheap book value. Running since 2004 at four basis points, it's one of the cheapest tickets into the value factor.

Stated mandate

CAFG The Fund seeks to track, before fees and expenses, the Pacer US Small Cap Cash Cows Growth Leaders Index.

ILCV The fund seeks to track an index of U.S. large- and mid-cap stocks selected with value-oriented measures including forward earnings, book value, sales, cash flow, and dividend yield.

Why people hold it

  • CAFG Does what the tin says. It tracks the Pacer US Small Cap Cash Cows Growth Leaders Index closely, and the portfolio reflects the advertised profitability, growth and momentum screens.paceretfs.com
  • About 100 small-cap names, not a thousand. Three screens stacked into one ticker, so it acts as a distinct sleeve rather than a repackaging of the index you probably already hold.
  • The mandate is legible: US equity, one named index, screens spelled out in Pacer's own fund documents. Distributions are paid quarterly.paceretfs.com
  • ILCV Charges 0.04% a year against a 0.32% median for its factor peer group. Undercuts well-regarded rivals like VONV (0.06%) and FNDX (0.25%).
  • Value gets defined five ways: forward earnings, book value, sales, cash flow and dividend yield. Wider lens than a single price-to-book screen.ishares.com
  • Spreads the bet across about 400 large- and mid-cap names and distributes quarterly.
  • Trading since 2004 and now a multi-billion-dollar fund, it ranks among the strongest implementations in its factor cohort.

Worth knowing

  • CAFG At 0.59% a year it prices like a specialist product. Most multifactor peers cost less, and broad core funds such as VONV (0.06%) or IUSG (0.04%) charge a sliver of it.
  • Small asset base and thin trading, so spreads can run wider than on household-name funds. How you place the order matters more here than with a mega-fund.
  • Launched in 2023, so the live record is short. Across its multifactor peer group it lands in the lower half, mostly on cost and trading friction rather than on how it follows its index.
  • ILCV One of the quieter tickers in its category. Thin volume means spreads matter more here than on a mega-cap index fund, and limit orders are the usual tool.
  • Value-only by design. It skips the market's priciest growth leaders, so it moves differently from a total-market fund in both directions.ishares.com
  • Large and mid caps only. Small-cap value sits outside the mandate.

Full CAFG profile⁠

Full ILCV profile⁠

CAFG vs ILCV Holdings

As of
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.

CAFG vs ILCV Cost

Overpaying CAFG vs ILCV

$10,786

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

  • CAFG 0.59%

    $11,635

  • ILCV 0.04%

    $849

$10,000
30 years

Cost over time

  • CAFG 0.59%
  • ILCV 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530CAFG $11,635ILCV $849

Year by year

YearCAFGILCVOverpaying
10$1,058$73$985
20$4,051$288$3,763
30$11,635$849$10,786

Expense ratio

  • 0.59%CAFG
  • 0.04%ILCV, cheaper
  • Middle half of US Multifactor funds
  • Median 0.29%

ILCV cheapest of 99 funds

CAFG 81st cheapest of 99 funds

CAFG vs ILCV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CAFG 0.34%
ILCV 1.51%, better
Payout (12M)
CAFG $0.12
ILCV $1.65
Last payment
CAFG $0.02
ILCV $0.42
Ex-dividend
CAFG Sep 3, 2026
ILCV Sep 15, 2026
Paid on
CAFG Sep 8, 2026
ILCV Sep 18, 2026
Frequency
CAFG Quarterly
ILCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CAFGQuarterly · 14 paymentsAll CAFG payments⁠
One bar per payment. 14 payments from 2017 to 2026 YTD. Jun 22, 2023 $0.02; Sep 21, 2023 $0.04; Dec 27, 2023 $0.03; Mar 21, 2024 $0.04; Jun 27, 2024 $0.03; Sep 26, 2024 $0.01; Dec 27, 2024 $0.01; Mar 6, 2025 $0.03; Jun 5, 2025 $0.0091; Sep 4, 2025 $0.0086; Dec 30, 2025 $0.04; Mar 5, 2026 $0.03; Jun 4, 2026 $0.02; Sep 3, 2026 $0.02. Use the arrow keys to read each point.$0$0.502017202020232026YTD
ILCVQuarterly · 39 paymentsAll ILCV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.28; Jun 27, 2017 $0.30; Sep 26, 2017 $0.31; Dec 19, 2017 $0.34; Mar 22, 2018 $0.33; Jun 26, 2018 $0.35; Sep 26, 2018 $0.34; Dec 17, 2018 $0.39; Mar 20, 2019 $0.35; Jun 17, 2019 $0.34; Sep 24, 2019 $0.44; Dec 16, 2019 $0.45; Mar 25, 2020 $0.44; Jun 15, 2020 $0.40; Sep 23, 2020 $0.41; Dec 14, 2020 $0.40; Mar 25, 2021 $0.36; Jun 10, 2021 $0.25; Sep 24, 2021 $0.39; Dec 13, 2021 $0.40; Mar 24, 2022 $0.33; Jun 9, 2022 $0.27; Sep 26, 2022 $0.47; Dec 13, 2022 $0.40; Mar 23, 2023 $0.36; Jun 7, 2023 $0.30; Sep 26, 2023 $0.45; Dec 20, 2023 $0.48; Mar 21, 2024 $0.35; Jun 11, 2024 $0.37; Sep 25, 2024 $0.46; Dec 17, 2024 $0.43; Mar 18, 2025 $0.38; Jun 16, 2025 $0.40; Sep 16, 2025 $0.40; Dec 16, 2025 $0.48; Mar 17, 2026 $0.36; Jun 15, 2026 $0.39; Sep 15, 2026 $0.42. Use the arrow keys to read each point.$0$0.502017202020232026YTD

CAFG vs ILCV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CAFG 17.7%ILCV 10.7%, better
Return per unit of riskSharpe ratio, 3 years
CAFG 0.91ILCV 1.57, better
Worst fallMax drawdown, 5 years
CAFG −23.7%since May 2023ILCV −18.6%
Market sensitivityBeta, 5 years
CAFG 0.99ILCV 0.82

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