CSM vs IMCV: Grades, Fees and Holdings Compared

ProShares Large Cap Core Plus

CSMCCboe

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Overlap

24.1%by weight

Expense ratio

IMCV −0.39pt a year

CSM0.45%IMCV0.06%

Avg volume · 30D

IMCV 8.0×the volume

CSM4.87KIMCV38.9K

10Y return · a year

CSM +3.1pt

CSM+14.2%IMCV+11.1%

CSM vs IMCV Performance

Oct 29, 2021 – Oct 30, 2026

+72.0%CSM+68.3%IMCV

Expense ratio: CSM 0.45%; IMCV 0.06%, better
Fund size: CSM $513M; IMCV $1.27B
1Y total return: CSM +11.3%; IMCV +27.0%, better
Yield (12M): CSM 1.06%; IMCV 1.84%, better
Holdings: CSM 303; IMCV 271
Avg volume (30D): CSM 4.87K sh; IMCV 38.9K sh, better
NAV per share: CSM $86.42; IMCV $99.16
52W range

ETF.net Grade

Pillar letters and Scores for CSM, IMCV, with each pillar’s weight
Pillar	CSM	IMCV
Cost30% weight	D28	A96Higher
Mission25% weight	A97Higher	A76
Risk15% weight	C52	A77Higher
Tradability15% weight	C45	B69Higher
Holdings10% weight	C44	B69Higher
Durability5% weight	B69	A77Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. CSM 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 CSM 50th 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 48BFYXFirst Trust Small Cap Core AlphaDEX FundScore 56
Rank 50CCSMProShares Large Cap Core PlusScore 55
Rank 50BPSCPrincipal U.S. Small-Cap Multi-Factor ETFScore 55

Our read on each fund

ETF.net Research

CSMCProShares Large Cap Core Plus

IMCVAiShares Morningstar Mid-Cap Value ETF

In short

CSM A survivor of the 2009 130/30 craze. CSM runs 130% long a four-factor screen of big U.S. companies and 30% short, so net exposure lands near the market while the factor tilts get turned up.

IMCV No data

Stated mandate

CSM The Fund seeks pre-expense investment results that track the UBS 130/30 Index. It uses equity securities and derivatives to maintain exposure to a rules-based, multi-factor portfolio of leading large-cap U.S. companies with 130% long and 30% short exposure.

IMCV No data

Why people hold it

CSM The shorting is the whole point: 130% long, 30% short. Net exposure sits near 100% of the market, but the factor bets carry more weight than a long-only screen allows.
Four factors in one rulebook (value, growth, momentum, profitability) spread across roughly 300 large U.S. companies, so no single style is steering the whole portfolio.proshares.com
Long-short mechanics inside an ordinary 1940 Act ETF: no lockups, no accreditation, no K-1. It tracks a published benchmark, the UBS 130/30 Index, rather than a manager's hunches.
Trading since 2009, which is a long run for a long-short strategy. Most of the 130/30 wave that launched alongside it did not last. Distributions come quarterly.

IMCV No data

Worth knowing

CSM 0.45% a year is toward the high end for large-cap multifactor. Plain-vanilla peers like VONV (0.06%) and IUSG (0.04%) cost a fraction, though neither shorts anything.
One of the lighter-traded funds in its category, which can mean wider bid-ask spreads than the volume leaders in large-cap factor land.
The short sleeve cuts both ways: it adds borrow and derivative costs, and it drags when the market's lowest-ranked names are the ones running.

IMCV No data

Full CSM profile⁠

Full IMCV profile⁠

CSM vs IMCV Holdings

How CSM and IMCV differ

Overlap by weight

24.1%

Shared holdings make up 50.6% of IMCV and 27.2% of CSM.

Level by level

Holdings124 in both24.1%
Sector11 Sectors64.5%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in CSM and IMCV, widest gap first
Sector	More in CSMMore in IMCV	CSM	IMCV
Technology	CSM +26.8 points	33.3%	6.5%
Energy	IMCV +10.1 points	3.3%	13.4%
Financials	IMCV +6.7 points	11.8%	18.5%
Communication	CSM +6.6 points	7.7%	1.1%
Utilities	IMCV +5.6 points	3.4%	9.0%
Industrials	IMCV +4.0 points	10.2%	14.2%
Consumer Staples	IMCV +3.9 points	4.8%	8.7%
Materials	IMCV +3.1 points	1.9%	5.0%
Consumer Discretionary	CSM +2.1 points	9.0%	6.9%
Health Care	IMCV +1.7 points	10.5%	12.2%
Real Estate	IMCV +0.5 points	4.1%	4.6%

Country, concentration and asset class

Country by domicile

Country weights in CSM and IMCV, widest gap first
Country	More in CSMMore in IMCV	CSM	IMCV
United States	CSM +0.9 points	99.6%	98.7%
Other countries (4)	IMCV +0.9 points	0.4%	1.3%

Concentration

Weight in the 10 largest Holdings

CSM30.4%
IMCV13.2%

Securities held

CSM302
IMCV268

Asset class

CSM: Equity
IMCV: Equity

Holdings

Only in CSM178
In both124
Only in IMCV144

Only in CSM

178 securities, 67.7% of CSM by weight

NVIDIA Corp5.05%
Apple Inc5.02%
Microsoft Corp3.85%
Proshares Genius Mny Mkt Etf3.11%
Amazon.com Inc2.61%
Broadcom Inc1.57%
Alphabet Inc-Cl A1.51%
Eli Lilly & Co1.33%
Micron Technology Inc1.30%
JPMorgan Chase & Co1.22%
Meta Platforms Inc-Class A1.20%
Alphabet Inc-Cl C1.17%
Tesla Inc0.92%
Advanced Micro Devices0.78%
Berkshire Hathaway Inc-Cl B0.77%
Palantir Technologies Inc-A0.59%
Gilead Sciences Inc0.56%
Exxonmobil Holdings Corp0.56%
Goldman Sachs Group Inc0.56%
Rtx Corp0.55%
Procter & Gamble Co/The0.53%
Citigroup Inc0.49%
Merck & Co. Inc.0.46%
Pepsico Inc0.46%
Morgan Stanley0.46%
Lowe's Cos Inc0.44%
Caterpillar Inc0.43%
Visa Inc-Class A Shares0.43%
Altria Group Inc0.42%
Cvs Health Corp0.42%
Johnson & Johnson0.42%
AbbVie Inc0.41%
Union Pacific Corp0.40%
Boeing Co/The0.40%
Amphenol Corp-Cl A0.40%
Salesforce Inc0.38%
Newmont Corp0.38%
Stryker Corp0.38%
Netflix Inc0.37%
UnitedHealth Group Inc0.37%
Kkr & Co Inc0.36%
Autodesk Inc0.36%
General Dynamics Corp0.36%
Godaddy Inc - Class A0.36%
West Pharmaceutical Services0.34%
Stanley Black & Decker Inc0.34%
Fedex Corp0.34%
Western Digital Corp0.33%
Live Nation Entertainment In0.32%
Host Hotels & Resorts Inc0.31%

Only in IMCV

144 securities, 49.3% of IMCV by weight

Automatic Data Processing Inc1.60%
Valero Energy Corp1.57%
Us Bancorp1.27%
Pnc Financial Services Group1.24%
Elevance Health Inc1.20%
Mondelez International Class A1.14%
Travelers Companies1.13%
Slb1.09%
Moderna1.08%
Hewlett Packard Enterprise1.00%
Cheniere Energy0.93%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Williams0.72%
Delta Air Lines0.72%
Colgate-Palmolive0.69%
Strategy Inc Class A0.65%
Occidental Petroleum Corp0.64%
Nike Class B0.62%
American Electric Power Inc0.56%
Sysco0.54%
Diamondback Energy0.53%
Crown Castle Inc0.52%
Emerson Electric0.49%
Realty Income Reit0.48%
Targa Resources0.48%
Archer Daniels Midland0.48%
Public Storage Reit0.47%
United Airlines Holdings0.46%
Kenvue0.46%
Ebay0.46%
Csx0.43%
Roper Technologies0.41%
Labcorp Holdings0.41%
Humana0.41%
Fifth Third Bancorp0.40%
Quest Diagnostics Inc0.38%
Arthur J Gallagher0.38%
Sherwin Williams0.37%
Fiserv Inc0.36%
State Street0.36%
Netapp Inc0.34%
Royalty Pharma PLC Class A0.34%
Entergy Corp0.34%
Dollar Tree Inc0.33%
Principal Financial Group Inc0.33%
Public Service Enterprise Group0.33%
International Flavors & Fragrances0.33%

Weight gaps

The 100 widest of 124 Holdings in both funds.

Holding weights in CSM and IMCV, widest gap first
Holding	More in CSMMore in IMCV	CSM	IMCV
Phillips 66PSX	IMCV +1.23 points	0.31%	1.54%
Regeneron PharmaceuticalsREGN	IMCV +1.14 points	0.11%	1.25%
United Parcel Service-Cl BUPS	IMCV +1.06 points	0.05%	1.11%
General Motors CoGM	IMCV +0.94 points	0.11%	1.05%
Target CorpTGT	IMCV +0.86 points	0.10%	0.96%
3M CoMMM	IMCV +0.84 points	0.39%	1.23%
Eog Resources IncEOG	IMCV +0.77 points	0.42%	1.19%
The Cigna GroupCI	IMCV +0.65 points	0.39%	1.04%
Xcel Energy IncXEL	IMCV +0.63 points	0.05%	0.68%
Kinder Morgan IncKMI	IMCV +0.62 points	0.29%	0.91%
Paccar IncPCAR	IMCV +0.59 points	0.10%	0.69%
PayPal Holdings IncPYPL	IMCV +0.58 points	0.09%	0.67%
Marsh & Mclennan CosMRSH	IMCV +0.57 points	0.25%	0.82%
Marathon Petroleum CorpMPC	IMCV +0.53 points	0.35%	0.88%
Oneok IncOKE	IMCV +0.51 points	0.32%	0.83%
Truist Financial CorpTFC	IMCV +0.51 points	0.31%	0.82%
Illinois Tool WorksITW	IMCV +0.46 points	0.06%	0.52%
Paychex IncPAYX	IMCV +0.45 points	0.04%	0.49%
Ford Motor CoF	IMCV +0.44 points	0.22%	0.66%
American International GroupAIG	IMCV +0.42 points	0.14%	0.56%
Crh PLCCRH	IMCV +0.42 points	0.11%	0.53%
Devon Energy CorpDVN	IMCV +0.41 points	0.37%	0.78%
Iqvia Holdings IncIQV	IMCV +0.41 points	0.19%	0.60%
Air Products & Chemicals IncAPD	IMCV +0.41 points	0.11%	0.52%
Workday Inc-Class AWDAY	IMCV +0.38 points	0.15%	0.53%
Metlife IncMET	IMCV +0.38 points	0.35%	0.73%
Exelon CorpEXC	IMCV +0.37 points	0.28%	0.65%
Dr Horton IncDHI	IMCV +0.36 points	0.14%	0.50%
Ge Healthcare TechnologyGEHC	IMCV +0.36 points	0.12%	0.48%
Kimberly-Clark CorpKMB	IMCV +0.34 points	0.15%	0.49%
Norfolk Southern CorpNSC	IMCV +0.35 points	0.24%	0.59%
Dell Technologies -CDELL	IMCV +0.33 points	0.15%	0.48%
Ppg Industries IncPPG	IMCV +0.32 points	0.04%	0.36%
Dollar General CorpDG	IMCV +0.31 points	0.09%	0.40%
Cognizant Tech Solutions-ACTSH	IMCV +0.30 points	0.10%	0.40%
Keurig Dr Pepper IncKDP	IMCV +0.30 points	0.36%	0.66%
Consolidated Edison IncED	IMCV +0.30 points	0.29%	0.59%
Bank of New York Mellon CorpBNY	IMCV +0.28 points	0.24%	0.52%
Nucor CorpNUE	IMCV +0.28 points	0.04%	0.32%
Huntington Bancshares IncHBAN	IMCV +0.26 points	0.16%	0.42%
Trimble IncTRMB	CSM +0.26 points	0.32%	0.06%
Weyerhaeuser CoWY	CSM +0.26 points	0.33%	0.07%
Hartford Insurance Group IncHIG	IMCV +0.25 points	0.25%	0.50%
Northrop Grumman CorpNOC	IMCV +0.23 points	0.41%	0.64%
Arch Capital Group LtdACGL	IMCV +0.22 points	0.26%	0.48%
Prudential Financial IncPRU	IMCV +0.22 points	0.33%	0.55%
Kroger CoKR	IMCV +0.22 points	0.30%	0.52%
Omnicom GroupOMC	IMCV +0.22 points	0.09%	0.31%
General Mills IncGIS	IMCV +0.21 points	0.04%	0.25%
Halliburton CoHAL	IMCV +0.22 points	0.20%	0.42%
Dow IncDOW	IMCV +0.21 points	0.13%	0.34%
Ross Stores IncROST	IMCV +0.20 points	0.07%	0.27%
International Paper CoIP	CSM +0.19 points	0.34%	0.15%
Biogen IncBIIB	IMCV +0.19 points	0.32%	0.51%
P G & E CorpPCG	IMCV +0.18 points	0.22%	0.40%
Hershey Co/TheHSY	CSM +0.18 points	0.28%	0.10%
Veralto CorpVLTO	CSM +0.18 points	0.33%	0.15%
M & T Bank CorpMTB	IMCV +0.17 points	0.27%	0.44%
Invitation Homes IncINVH	CSM +0.17 points	0.28%	0.11%
Incyte CorpINCY	CSM +0.17 points	0.33%	0.16%
Expedia Group IncEXPE	IMCV +0.16 points	0.04%	0.20%
Textron IncTXT	CSM +0.16 points	0.29%	0.13%
Darden Restaurants IncDRI	IMCV +0.16 points	0.04%	0.20%
Dupont De Nemours IncDD	IMCV +0.15 points	0.11%	0.26%
Hp IncHPQ	IMCV +0.15 points	0.21%	0.36%
Simon Property Group IncSPG	IMCV +0.13 points	0.34%	0.47%
Amcor PLCAMCR	IMCV +0.13 points	0.17%	0.30%
Cincinnati Financial CorpCINF	CSM +0.13 points	0.33%	0.20%
Brown & Brown IncBRO	IMCV +0.13 points	0.14%	0.27%
Loews CorpL	IMCV +0.12 points	0.04%	0.16%
Atmos Energy CorpATO	IMCV +0.12 points	0.09%	0.21%
Fox Corp - Class AFOXA	IMCV +0.12 points	0.05%	0.17%
Cbre Group Inc - ACBRE	IMCV +0.11 points	0.20%	0.31%
Apollo Global Management IncAPO	CSM +0.11 points	0.34%	0.23%
Te Connectivity PLCTEL	IMCV +0.11 points	0.20%	0.31%
Ball CorpBALL	CSM +0.10 points	0.21%	0.11%
Albemarle CorpALB	CSM +0.10 points	0.17%	0.07%
Las Vegas Sands CorpLVS	CSM +0.10 points	0.16%	0.06%
United Rentals IncURI	IMCV +0.10 points	0.22%	0.32%
Synchrony FinancialSYF	IMCV +0.10 points	0.24%	0.34%
Nvr IncNVR	CSM +0.10 points	0.31%	0.21%
Southwest Airlines CoLUV	CSM +0.09 points	0.20%	0.11%
Vici Properties IncVICI	IMCV +0.09 points	0.28%	0.37%
Digital Realty Trust IncDLR	IMCV +0.09 points	0.24%	0.33%
Eversource EnergyES	IMCV +0.08 points	0.27%	0.35%
F5 IncFFIV	IMCV +0.09 points	0.04%	0.13%
Viatris IncVTRS	IMCV +0.08 points	0.21%	0.29%
Pultegroup IncPHM	IMCV +0.08 points	0.24%	0.32%
Kimco Realty CorpKIM	CSM +0.08 points	0.31%	0.23%
Northern Trust CorpNTRS	CSM +0.08 points	0.29%	0.21%
Dte Energy CompanyDTE	IMCV +0.07 points	0.31%	0.38%
Tapestry IncTPR	IMCV +0.07 points	0.04%	0.11%
Resmed IncRMD	IMCV +0.08 points	0.13%	0.21%
Centene CorpCNC	CSM +0.07 points	0.29%	0.22%
Zimmer Biomet Holdings IncZBH	IMCV +0.06 points	0.19%	0.25%
Leidos Holdings IncLDOS	CSM +0.07 points	0.31%	0.24%
Tyson Foods Inc-Cl ATSN	CSM +0.06 points	0.28%	0.22%
Firstenergy CorpFE	IMCV +0.06 points	0.29%	0.35%
First Solar IncFSLR	CSM +0.06 points	0.17%	0.11%
L3HARRIS Technologies IncLHX	IMCV +0.06 points	0.20%	0.26%

All 313 CSM 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.

CSM vs IMCV Cost

Overpaying CSM vs IMCV

$7,771

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

CSM 0.45%
$9,041
IMCV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

CSM 0.45%
IMCV 0.06%
Overpaying

Year by year

Year	CSM	IMCV	Overpaying
10	$812	$110	$702
20	$3,128	$432	$2,696
30	$9,041	$1,270	$7,771

Expense ratio

0.45%CSM
0.06%IMCV, cheaper

IMCV0.06%CSM0.45%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

CSM 71st cheapest of 99 funds

CSM vs IMCV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CSM 1.06%; IMCV 1.84%, better
Payout (12M): CSM $0.91; IMCV $1.83
Last payment: CSM $0.21; IMCV $0.52
Ex-dividend: CSM Sep 23, 2026; IMCV Sep 15, 2026
Paid on: CSM Sep 29, 2026; IMCV Sep 18, 2026
Frequency: CSM Quarterly; IMCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CSMQuarterly · 39 paymentsAll CSM payments⁠

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

CSM vs IMCV Risk

Fall from peak · 5 years

CSM
IMCV

Risk facts

VolatilityStd dev, 3 years: CSM 12.6%, betterIMCV 13.6%
Return per unit of riskSharpe ratio, 3 years: CSM 1.38, betterIMCV 1.22
Worst fallMax drawdown, 5 years: CSM −23.8%IMCV −19.9%, better
Market sensitivityBeta, 5 years: CSM 0.97IMCV 0.88; Market = 1

Popular comparisons

CSMCvsVONVA
ProShares Large Cap Core Plus · Vanguard Russell 1000 Value ETF
Expense ratio
0.45% · 0.06%
Category
IMCVAvsVONVA
iShares Morningstar Mid-Cap Value ETF · Vanguard Russell 1000 Value ETF
Expense ratio
0.06% · 0.06%
Category
CSMCvsILCVA
ProShares Large Cap Core Plus · iShares Morningstar Value ETF
Expense ratio
0.45% · 0.04%
Category
IMCVAvsILCVA
iShares Morningstar Mid-Cap Value ETF · iShares Morningstar Value ETF
Expense ratio
0.06% · 0.04%
Category
CSMCvsVYMA
ProShares Large Cap Core Plus · Vanguard High Dividend Yield ETF
Expense ratio
0.45% · 0.04%
Category
IMCVAvsVYMA
iShares Morningstar Mid-Cap Value ETF · Vanguard High Dividend Yield ETF
Expense ratio
0.06% · 0.04%
Category