DIVB vs ILCV: Grades, Fees and Holdings Compared

iShares Core Dividend ETF

DIVBACboe

iShares Morningstar Value ETF

ILCVANYSE Arca

Overlap

42.0%by weight

Expense ratio

ILCV −0.01pt a year

DIVB0.05%ILCV0.04%

Avg volume · 30D

DIVB 12.2×the volume

DIVB290KILCV23.7K

5Y return · a year

DIVB +1.5pt

DIVB+14.1%ILCV+12.6%

DIVB vs ILCV Performance

Oct 28, 2021 – Oct 28, 2026

+93.0%DIVB+81.2%ILCV

Expense ratio: DIVB 0.05%; ILCV 0.04%, better
Fund size: DIVB $2.24B; ILCV $1.37B
1Y total return: DIVB +36.6%, better; ILCV +21.2%
Yield (12M): DIVB 2.12%, better; ILCV 1.51%
Holdings: DIVB 384; ILCV 375
Avg volume (30D): DIVB 290K sh, better; ILCV 23.7K sh
NAV per share: DIVB $70.76; ILCV $109.51
52W range

ETF.net Grade

Pillar letters and Scores for DIVB, ILCV, with each pillar’s weight
Pillar	DIVB	ILCV
Cost30% weight	A95	A99
Mission25% weight	A87	A82
Risk15% weight	A74	A89
Tradability15% weight	B64	B64
Holdings10% weight	B58	C40
Durability5% weight	A71	A82

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

US Dividend Index⁠

Category · 52 funds

See all 52 ›

DIVB ranks 2nd of 52 funds in the US Dividend Index Category.

Rank 1ADGROiShares Core Dividend Growth ETFScore 84
Rank 2ADIVBiShares Core Dividend ETFScore 80
Rank 2ASCHDSchwab U.S. Dividend Equity ETFScore 80

US Multifactor⁠

Category · 99 funds

See all 99 ›

ILCV ranks 2nd 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

Our read on each fund

ETF.net Research

DIVBAiShares Core Dividend ETF

ILCVAiShares Morningstar Value ETF

In short

DIVB Most dividend funds only count the check that hits your account. DIVB's index also counts buybacks, treating a shrinking share count as cash returned to owners, and it charges five basis points to do it.

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

DIVB The fund seeks to track an index of U.S. companies selected for a history of dividend payments and/or share buybacks, providing equity exposure oriented toward income and long-term growth.

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

DIVB Five basis points a year, one of the lowest fees in the dividend-screen aisle, where the typical fund charges many times more.
The Morningstar US Dividend and Buyback Index counts repurchases alongside payouts, so a company buying back stock qualifies even with a modest yield. Roughly 400 US names.
Sits in the top tier of a large dividend-screen peer group and stays tight to its stated mandate: US dividend payers and buyback machines, nothing exotic.
A billion-dollar-plus member of the iShares Core lineup, running since 2017 and distributing quarterly.

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

DIVB Buybacks return value through share count, not cash in your pocket, so the income profile can sit lighter than pure high-yield screens like SPYD.
Moderately traded rather than a volume heavyweight like SCHD or VIG, so limit orders earn their keep, especially in size.
All-equity, all-US. Dividends and buybacks soften nothing when the American stock market sells off.

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 DIVB profile⁠

Full ILCV profile⁠

DIVB vs ILCV Holdings

Holdings as of Oct 28, 2026

How DIVB and ILCV differ

Overlap by weight

42.0%

Shared holdings make up 89.6% of DIVB and 43.6% of ILCV.

Level by level

Holdings188 in both42.0%
Countryby domicile94.3%
Asset classEquity100%

Sector

No Sector split for DIVB.

Country, concentration and asset class

Country by domicile

Country weights in DIVB and ILCV, widest gap first
Country	More in DIVBMore in ILCV	DIVB	ILCV
Ireland	DIVB +5.6 points	6.9%	1.3%
United States	ILCV +4.6 points	92.5%	97.1%
United Kingdom	ILCV +0.6 points	0.2%	0.8%
Other countries (6)	ILCV +0.4 points	0.4%	0.8%

Concentration

Weight in the 10 largest Holdings

DIVB32.6%
ILCV35.0%

Securities held

DIVB381
ILCV372

Asset class

DIVB: Equity
ILCV: Equity

Holdings

Only in DIVB193
In both188
Only in ILCV184

Only in DIVB

193 securities, 10.4% of DIVB by weight

Skyworks Solutions1.31%
Microchip Technology Inc1.28%
Gen Digital0.61%
Jack Henry and Associates Inc0.49%
Genpact0.43%
Avnet0.41%
Universal Display Corp0.22%
Unum0.11%
Clorox0.10%
Best Buy0.10%
Match Group Inc0.09%
Fastenal0.09%
Masco0.09%
First Horizon0.09%
Booz Allen Hamilton Holding Class0.08%
Ares Management Class A0.07%
Everest Group0.07%
Avery Dennison Corp0.07%
Chord Energy0.07%
Host Hotels & Resorts Reit0.06%
Camden Property Trust Reit0.06%
Apa0.06%
Owens Corning0.06%
Ryder System0.06%
Columbia Banking System Inc0.06%
Mccormick & Co Non-Voting0.06%
Jm Smucker0.06%
Hf Sinclair0.06%
Factset Research Systems0.05%
Aptargroup0.05%
Vail Resorts0.05%
Primerica0.05%
Stanley Black & Decker0.05%
Popular0.05%
Service0.05%
Udr Reit0.05%
Aecom0.05%
Brown Forman Class B0.05%
Toro0.05%
Lamar Advertising Company Clas0.05%
Essent Group0.05%
Onemain Holdings0.05%
Lamb Weston Holdings0.05%
Old Republic International0.05%
Voya Financial0.04%
Franklin Templeton0.04%
Ingredion Inc0.04%
A O Smith0.04%
Lear0.04%
Axis Capital Holdings0.04%

Only in ILCV

184 securities, 56.3% of ILCV by weight

Microsoft8.50%
Apple7.23%
Amazon.com Inc3.21%
Berkshire Hathaway Inc Class B2.86%
Meta Platforms Class A2.49%
Alphabet Class A2.31%
Alphabet Class C1.86%
Micron Technology1.35%
Tesla Inc1.25%
Cisco Systems Inc1.25%
Visa Class A0.98%
Walmart0.90%
Goldman Sachs Group0.76%
Rtx0.75%
Thermo Fisher Scientific0.73%
Costco Wholesale Corp0.71%
Linde PLC0.67%
Mastercard Class A0.61%
Qualcomm0.56%
Salesforce0.55%
Walt Disney0.54%
Texas Instrument0.44%
Caterpillar Inc0.43%
Danaher0.42%
Chubb0.36%
American Express0.34%
Newmont0.34%
Oracle0.33%
Booking Holdings0.32%
Sandisk0.29%
Adobe Inc0.28%
Analog Devices0.28%
Tjx0.28%
Uber Technologies0.27%
Charles Schwab0.27%
Vertex Pharmaceuticals0.27%
Eaton PLC0.26%
S&P Global0.26%
Intuit0.25%
Waste Management Inc0.25%
Intercontinental Exchange Inc0.25%
Deere0.24%
Mckesson Corp0.24%
Regeneron Pharmaceuticals0.23%
Hewlett Packard Enterprise0.23%
Stryker0.22%
Moderna0.21%
General Motors0.20%
Fedex Corp0.19%
Parker-Hannifin0.19%

Weight gaps

The 100 widest of 188 Holdings in both funds.

Holding weights in DIVB and ILCV, widest gap first
Holding	More in DIVBMore in ILCV	DIVB	ILCV
Accenture PLC Class AACN	DIVB +5.65 points	6.06%	0.41%
Automatic Data Processing IncADP	DIVB +4.73 points	5.06%	0.33%
International Business Machines CoIBM	DIVB +4.45 points	5.12%	0.67%
Cognizant Technology Solutions ClaCTSH	DIVB +2.99 points	3.07%	0.08%
Hp IncHPQ	DIVB +2.14 points	2.23%	0.09%
PaychexPAYX	DIVB +1.95 points	2.05%	0.10%
Leidos HoldingsLDOS	DIVB +1.39 points	1.44%	0.05%
CdwCDW	DIVB +1.35 points	1.41%	0.06%
Ss and C Technologies HoldingsSSNC	DIVB +1.34 points	1.39%	0.05%
Broadridge Financial Solutions IncBR	DIVB +1.01 points	1.07%	0.06%
PfizerPFE	DIVB +0.89 points	1.38%	0.49%
Hca HealthcareHCA	DIVB +0.75 points	0.94%	0.19%
Altria Group IncMO	DIVB +0.72 points	1.07%	0.35%
ChevronCVX	DIVB +0.66 points	1.88%	1.22%
Procter & GamblePG	DIVB +0.64 points	1.70%	1.06%
Exxonmobil Holdings CorpXOM	DIVB +0.58 points	2.69%	2.11%
Verizon Communications IncVZ	DIVB +0.49 points	1.01%	0.52%
AbbVieABBV	DIVB +0.48 points	1.92%	1.44%
PepsicoPEP	DIVB +0.46 points	0.98%	0.52%
Marathon PetroleumMPC	DIVB +0.46 points	0.64%	0.18%
UnitedHealth GroupUNH	DIVB +0.45 points	1.50%	1.05%
Comcast Class ACMCSA	DIVB +0.44 points	0.66%	0.22%
AT&TT	DIVB +0.39 points	0.80%	0.41%
ProgressivePGR	DIVB +0.39 points	0.76%	0.37%
CignaCI	DIVB +0.38 points	0.60%	0.22%
T Mobile Us IncTMUS	DIVB +0.37 points	0.57%	0.20%
Wells FargoWFC	DIVB +0.35 points	1.06%	0.71%
Elevance Health IncELV	DIVB +0.34 points	0.59%	0.25%
Philip Morris InternationalPM	DIVB +0.33 points	1.23%	0.90%
Merck & Co IncMRK	DIVB +0.29 points	1.29%	1.00%
Bristol Myers SquibbBMY	DIVB +0.28 points	0.64%	0.36%
Bank of New York Mellon CorpBNY	DIVB +0.27 points	0.38%	0.11%
Truist FinancialTFC	DIVB +0.26 points	0.43%	0.17%
Eog ResourcesEOG	DIVB +0.26 points	0.50%	0.24%
Becton DickinsonBDX	DIVB +0.24 points	0.39%	0.15%
Bank of AmericaBAC	DIVB +0.22 points	1.16%	0.94%
D R HortonDHI	DIVB +0.21 points	0.32%	0.11%
AflacAFL	DIVB +0.21 points	0.36%	0.16%
Mondelez International Class AMDLZ	DIVB +0.20 points	0.43%	0.23%
CitigroupC	DIVB +0.20 points	0.79%	0.59%
SouthernSO	ILCV +0.20 points	0.10%	0.30%
United Parcel Service Inc Class BUPS	DIVB +0.19 points	0.42%	0.23%
Carrier GlobalCARR	DIVB +0.19 points	0.25%	0.06%
Honeywell International IncHON	DIVB +0.19 points	0.39%	0.20%
Ameriprise Finance IncAMP	DIVB +0.19 points	0.26%	0.07%
Johnson & JohnsonJNJ	DIVB +0.19 points	2.04%	1.85%
Gilead SciencesGILD	DIVB +0.18 points	0.74%	0.56%
Illinois Tool IncITW	DIVB +0.17 points	0.28%	0.11%
Medtronic PLCMDT	DIVB +0.17 points	0.51%	0.34%
M&T BankMTB	DIVB +0.16 points	0.25%	0.09%
MetlifeMET	DIVB +0.16 points	0.31%	0.15%
Travelers CompaniesTRV	DIVB +0.16 points	0.40%	0.24%
Capital One Financial CorpCOF	DIVB +0.15 points	0.51%	0.36%
Colgate-PalmoliveCL	DIVB +0.15 points	0.29%	0.14%
ConocophillipsCOP	DIVB +0.15 points	0.66%	0.51%
Home DepotHD	ILCV +0.16 points	0.75%	0.91%
JPMorgan Chase & CoJPM	ILCV +0.15 points	2.40%	2.55%
Nextera EnergyNEE	ILCV +0.15 points	0.34%	0.49%
Abbott LaboratoriesABT	DIVB +0.14 points	0.65%	0.51%
Kimberly ClarkKMB	DIVB +0.14 points	0.24%	0.10%
General Mills IncGIS	DIVB +0.14 points	0.19%	0.05%
BlackstoneBX	DIVB +0.14 points	0.31%	0.17%
MarshMRSH	DIVB +0.14 points	0.30%	0.16%
Constellation Brands Class ASTZ	DIVB +0.13 points	0.19%	0.06%
Simon Property Group Reit IncSPG	DIVB +0.12 points	0.22%	0.10%
Prudential Financial IncPRU	DIVB +0.13 points	0.24%	0.11%
Kraft HeinzKHC	DIVB +0.12 points	0.18%	0.06%
Cme Group Class ACME	DIVB +0.12 points	0.42%	0.30%
Vivmark ResidentialVMRK	DIVB +0.12 points	0.13%	0.01%
State StreetSTT	DIVB +0.12 points	0.19%	0.07%
Lennar A Class ALEN	DIVB +0.12 points	0.17%	0.05%
BlackRockBLK	ILCV +0.11 points	0.34%	0.45%
Morgan StanleyMS	ILCV +0.11 points	0.52%	0.63%
SyscoSYY	DIVB +0.11 points	0.22%	0.11%
Allstate CorpALL	DIVB +0.11 points	0.20%	0.09%
Consolidated EdisonED	ILCV +0.10 points	0.02%	0.12%
Target CorpTGT	DIVB +0.11 points	0.30%	0.19%
KenvueKVUE	DIVB +0.10 points	0.20%	0.10%
Willis Towers WatsonWTW	DIVB +0.10 points	0.15%	0.05%
Northern TrustNTRS	DIVB +0.10 points	0.14%	0.04%
Cvs HealthCVS	DIVB +0.10 points	0.43%	0.33%
Crown Castle IncCCI	DIVB +0.09 points	0.20%	0.11%
Hershey FoodsHSY	DIVB +0.10 points	0.12%	0.02%
SlbSLB	DIVB +0.10 points	0.33%	0.23%
Valero Energy CorpVLO	DIVB +0.09 points	0.41%	0.32%
Citizens Financial Group IncCFG	DIVB +0.09 points	0.13%	0.04%
Yum BrandsYUM	DIVB +0.09 points	0.13%	0.04%
Hartford Insurance GroupHIG	DIVB +0.09 points	0.19%	0.10%
Nrg Energy IncNRG	DIVB +0.09 points	0.12%	0.03%
Otis WorldwideOTIS	DIVB +0.09 points	0.14%	0.05%
Fifth Third BancorpFITB	DIVB +0.08 points	0.16%	0.08%
Raymond JamesRJF	DIVB +0.08 points	0.12%	0.04%
Pnc Financial Services GroupPNC	DIVB +0.08 points	0.34%	0.26%
Tko Group Holdings Inc Class ATKO	DIVB +0.08 points	0.09%	0.01%
Las Vegas SandsLVS	DIVB +0.08 points	0.09%	0.01%
T Rowe Price GroupTROW	DIVB +0.08 points	0.14%	0.06%
Union PacificUNP	ILCV +0.08 points	0.43%	0.51%
SempraSRE	ILCV +0.07 points	0.09%	0.16%
Nike Class BNKE	DIVB +0.07 points	0.20%	0.13%
OneokOKE	DIVB +0.07 points	0.24%	0.17%

All 381 DIVB holdings⁠All 372 ILCV 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.

DIVB vs ILCV Cost

Overpaying DIVB vs ILCV

$211

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

DIVB 0.05%
$1,060
ILCV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

DIVB 0.05%
ILCV 0.04%
Overpaying

Year by year

Year	DIVB	ILCV	Overpaying
10	$92	$73	$19
20	$360	$288	$72
30	$1,060	$849	$211

Expense ratio

0.05%DIVB
0.04%ILCV, cheaper

Different Categories, so each fee sits in its own Category’s range.

DIVB among 52 US Dividend Index funds

DIVB0.05%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

DIVB 2nd cheapest of 52 funds

ILCV among 99 US Multifactor funds

ILCV0.04%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

DIVB vs ILCV Dividends

Last 12 months to Oct 28, 2026

Yield (12M): DIVB 2.12%, better; ILCV 1.51%
Payout (12M): DIVB $1.48; ILCV $1.65
Last payment: DIVB $0.42; ILCV $0.42
Ex-dividend: DIVB Sep 15, 2026; ILCV Sep 15, 2026
Paid on: DIVB Sep 18, 2026; ILCV Sep 18, 2026
Frequency: DIVB Quarterly; ILCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DIVBQuarterly · 36 paymentsAll DIVB payments⁠

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

DIVB vs ILCV Risk

Fall from peak · 5 years

DIVB
ILCV

Risk facts

VolatilityStd dev, 3 years: DIVB 13.4%ILCV 11.0%, better
Return per unit of riskSharpe ratio, 3 years: DIVB 1.31ILCV 1.31
Worst fallMax drawdown, 5 years: DIVB −21.1%ILCV −18.6%, better
Market sensitivityBeta, 5 years: DIVB 0.88ILCV 0.82; Market = 1

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