FTA vs IUSV: Grades, Fees and Holdings Compared

First Trust Large Cap Value AlphaDEX Fund

FTACNasdaq

iShares Core S&P U.S. Value ETF

IUSVANasdaq

Overlap

26.4%by weight

Expense ratio

IUSV −0.54pt a year

FTA0.58%IUSV0.04%

Avg volume · 30D

IUSV 15.7×the volume

FTA36.7KIUSV575K

10Y return · a year

IUSV +0.8pt

FTA+11.5%IUSV+12.3%

FTA vs IUSV Performance

Oct 29, 2021 – Oct 30, 2026

+71.4%FTA+72.6%IUSV

Expense ratio: FTA 0.58%; IUSV 0.04%, better
Fund size: FTA $1.46B; IUSV $28.5B
1Y total return: FTA +28.1%, better; IUSV +16.6%
Yield (12M): FTA 1.68%, better; IUSV 1.63%
Holdings: FTA 188; IUSV 734
Avg volume (30D): FTA 36.7K sh; IUSV 575K sh, better
NAV per share: FTA $103.97; IUSV $115.73
52W range

ETF.net Grade

Pillar letters and Scores for FTA, IUSV, with each pillar’s weight
Pillar	FTA	IUSV
Cost30% weight	F10	A96Higher
Mission25% weight	A82	A88Higher
Risk15% weight	B64	B64
Tradability15% weight	B60	A82Higher
Holdings10% weight	B67Higher	C48
Durability5% weight	B62	A79Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. FTA and IUSV are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

IUSV ranks 3rd and FTA 26th of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 84
Rank 2AVTVVanguard Morningstar Value ETFScore 83
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 4AIWDiShares Russell 1000 Value ETFScore 77
Rank 26CFABFirst Trust Multi Cap Value AlphaDEX FundScore 51
Rank 26CFTAFirst Trust Large Cap Value AlphaDEX FundScore 51
Rank 28CCOWZPacer US Cash Cows 100 ETFScore 49

Our read on each fund

ETF.net Research

FTACFirst Trust Large Cap Value AlphaDEX Fund

IUSVAiShares Core S&P U.S. Value ETF

In short

FTA FTA doesn't just buy the value index and call it a day. It screens US large caps on value and profitability, then holds only the names that clear the bar, a 2007-vintage rules-based stock picker in an ETF wrapper.

IUSV A value fund with a wider net: it tracks the S&P 900 Value Index, which screens S&P 500 and MidCap 400 stocks on book value, earnings and sales versus price. Roughly 700 names, 0.04% a year, running since 2000.

Stated mandate

FTA The Fund seeks to track, before fees and expenses, the performance of the Nasdaq AlphaDEX Large Cap Value Index.

IUSV The fund seeks to track the S&P 900 Value Index, which represents large- and mid-capitalization U.S. value equities. Value characteristics are identified using book value, earnings, and sales relative to price.

Why people hold it

FTA Selection by formula, not size: the AlphaDEX screen ranks large-cap value names on value and profitability before the index decides who gets in.ftportfolios.com
Live since 2007, so the method has a real record through the financial crisis and everything after, not a backtest.
Roughly 190 stocks, so no single name carries the fund, and it distributes quarterly.
The rules are public: it tracks a published Nasdaq AlphaDEX Large Cap Value index, and it has held multi-billion-dollar scale for years.

IUSV Costs 0.04% a year, a fraction of the typical US value ETF, and level with the cheapest of its large peers like SCHV.
The index reaches past the S&P 500 into the S&P MidCap 400, so mid-cap value names come along. Large-cap-only rivals such as SCHV stop short of them.spindices.com
A 2000 vintage and now a multi-billion-dollar iShares Core holding: it trades actively, tracks its index closely, and pays quarterly.

Worth knowing

FTA 0.58% a year, against a cohort median near 0.18%. Plain cap-weighted value funds (VTV, SCHV, IUSV) charge a small fraction of that.
Thinly traded next to the category's giants, so spreads and limit orders matter more here.
Value by screen, not by market cap: the portfolio can look and behave quite differently from a standard large-cap value benchmark.

IUSV S&P's style system splits the parent index by formula, and stocks with both value and growth traits can sit in each. This is the cheap half of the market, not a deep-value sleeve.spglobal.com spglobal.com 2
The screen is pure price ratios (book value, earnings, sales), with no profitability or quality filter, so cheap-for-a-reason names are part of the deal.spglobal.com
Holdings are float-market-cap weighted, so the biggest value names drive most of the movement.spglobal.com

Full FTA profile⁠

Full IUSV profile⁠

FTA vs IUSV Holdings

How FTA and IUSV differ

Overlap by weight

26.4%

Shared holdings make up 93.9% of FTA and 32.0% of IUSV.

Level by level

Holdings177 in both26.4%
Sector11 Sectors78.8%
Countryby domicile98.3%
Asset classEquity100%

Sector

Sector weights in FTA and IUSV, widest gap first
Sector	More in FTAMore in IUSV	FTA	IUSV
Technology	IUSV +10.5 points	9.7%	20.2%
Utilities	FTA +6.5 points	10.5%	4.0%
Energy	FTA +5.9 points	14.1%	8.2%
Financials	FTA +4.6 points	20.1%	15.5%
Health Care	IUSV +3.9 points	8.9%	12.8%
Industrials	IUSV +3.7 points	7.5%	11.2%
Communication	FTA +3.3 points	5.7%	2.4%
Consumer Staples	IUSV +1.7 points	7.1%	8.8%
Real Estate	FTA +1.1 points	4.4%	3.3%
Consumer Discretionary	IUSV +1.0 points	8.9%	9.9%
Materials	IUSV +0.4 points	3.1%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in FTA and IUSV, widest gap first
Country	More in FTAMore in IUSV	FTA	IUSV
United States	IUSV +1.7 points	97.5%	99.2%
United Kingdom	FTA +0.8 points	0.9%	0.1%
Ireland	FTA +0.5 points	0.6%	0.1%
Other countries (4)	FTA +0.3 points	0.9%	0.6%

Concentration

Weight in the 10 largest Holdings

FTA9.8%
IUSV23.0%

Securities held

FTA187
IUSV731

Asset class

FTA: Equity
IUSV: Equity

Holdings

Only in FTA10
In both177
Only in IUSV554

Only in FTA

10 securities, 5.8% of FTA by weight

Carnival Corporation Ltd.0.96%
Markel Group Inc0.90%
Berkshire Hathaway Inc. (Class B)0.89%
First Citizens BancShares, Inc. (Class A)0.75%
Tenet Healthcare Corporation0.70%
Sunbelt Rentals Holdings, Inc.0.55%
HCA Healthcare, Inc.0.53%
Cheniere Energy, Inc.0.20%
Ulta Beauty, Inc.0.19%
SS&C Technologies Holdings, Inc.0.17%

Only in IUSV

554 securities, 67.8% of IUSV by weight

Apple7.81%
Amazon.com Inc3.44%
Walmart1.71%
Costco Wholesale Corp1.39%
Tesla Inc1.33%
Procter & Gamble1.17%
Merck & Co Inc1.15%
UnitedHealth Group1.13%
Intel Corporation1.01%
Visa Class A0.98%
JPMorgan Chase & Co0.89%
AbbVie0.87%
Texas Instrument0.85%
Johnson & Johnson0.84%
Thermo Fisher Scientific0.80%
Linde PLC0.74%
Coca-Cola0.66%
Analog Devices0.63%
Cisco Systems Inc0.60%
Abbott Laboratories0.57%
Union Pacific0.56%
Qualcomm0.55%
Nextera Energy0.54%
Pfizer0.54%
Mastercard Class A0.53%
Deere0.53%
BlackRock0.51%
Ge Aerospace0.47%
Danaher0.45%
Eaton PLC0.45%
Philip Morris International0.44%
Charles Schwab0.44%
Vertex Pharmaceuticals0.44%
Western Digital Corp0.41%
Palo Alto Networks0.41%
Altria Group Inc0.40%
Dell Technologies Inc Class C0.40%
Prologis Reit0.38%
Starbucks Corp0.37%
Automatic Data Processing Inc0.36%
International Business Machines Co0.36%
Mckesson Corp0.36%
Oracle0.34%
Mcdonalds Corp0.32%
Equinix Reit0.31%
Duke Energy Corp0.31%
Gilead Sciences0.30%
Csx0.30%
Marsh0.30%
Intercontinental Exchange Inc0.29%

Weight gaps

The 100 widest of 177 Holdings in both funds.

Holding weights in FTA and IUSV, widest gap first
Holding	More in FTAMore in IUSV	FTA	IUSV
ExxonMobil Holdings Corp.XOM	IUSV +1.84 points	0.55%	2.39%
Ovintiv Inc.OVV	FTA +0.97 points	1.03%	0.06%
Permian Resources Corp.PR	FTA +0.94 points	1.01%	0.07%
Constellation Brands, Inc. (Class A)STZ	FTA +0.92 points	0.98%	0.06%
Global Payments Inc.GPN	FTA +0.90 points	0.97%	0.07%
Fidelity National Information Services, Inc.FIS	FTA +0.90 points	0.96%	0.06%
Cincinnati Financial CorporationCINF	FTA +0.89 points	0.93%	0.04%
Amcor plcAMCR	FTA +0.86 points	0.93%	0.07%
PTC Inc.PTC	FTA +0.84 points	0.91%	0.07%
Cognizant Technology Solutions CorporationCTSH	FTA +0.84 points	0.93%	0.09%
The Home Depot, Inc.HD	IUSV +0.84 points	0.18%	1.02%
Arch Capital Group Ltd.ACGL	FTA +0.83 points	0.94%	0.11%
EQT CorporationEQT	FTA +0.83 points	0.94%	0.11%
Edison InternationalEIX	FTA +0.83 points	0.90%	0.07%
Fiserv, Inc.FISV	FTA +0.83 points	0.91%	0.08%
HF Sinclair Corp.DINO	FTA +0.82 points	0.88%	0.06%
CF Industries Holdings, Inc.CF	FTA +0.82 points	0.88%	0.06%
Expand Energy CorporationEXE	FTA +0.82 points	0.88%	0.06%
Fox Corporation (Class A)FOXA	FTA +0.82 points	0.83%	0.01%
PulteGroup, Inc.PHM	FTA +0.81 points	0.88%	0.07%
Occidental Petroleum CorporationOXY	FTA +0.81 points	0.95%	0.14%
PG&E CorporationPCG	FTA +0.79 points	0.88%	0.09%
VICI Properties Inc.VICI	FTA +0.79 points	0.87%	0.08%
Charter Communications, Inc. (Class A)CHTR	FTA +0.78 points	0.82%	0.04%
The Hartford Insurance Group, Inc.HIG	FTA +0.78 points	0.89%	0.11%
American International Group, Inc.AIG	FTA +0.77 points	0.90%	0.13%
The Allstate CorporationALL	FTA +0.76 points	0.96%	0.20%
Devon Energy CorporationDVN	FTA +0.75 points	0.93%	0.18%
T. Rowe Price Group, Inc.TROW	FTA +0.75 points	0.82%	0.07%
Annaly Capital Management, Inc.NLY	FTA +0.75 points	0.79%	0.04%
Roper Technologies, Inc.ROP	FTA +0.74 points	0.88%	0.14%
Jones Lang LaSalle IncorporatedJLL	FTA +0.72 points	0.77%	0.05%
EOG Resources, Inc.EOG	FTA +0.72 points	0.99%	0.27%
Leidos Holdings, Inc.LDOS	FTA +0.71 points	0.77%	0.06%
Bank of America CorporationBAC	IUSV +0.71 points	0.30%	1.01%
Chevron CorporationCVX	IUSV +0.68 points	0.76%	1.44%
Broadridge Financial Solutions, Inc.BR	FTA +0.67 points	0.73%	0.06%
Evergy, Inc.EVRG	FTA +0.66 points	0.72%	0.06%
Halliburton CompanyHAL	FTA +0.66 points	0.75%	0.09%
Loews CorporationL	FTA +0.64 points	0.70%	0.06%
Zimmer Biomet Holdings, Inc.ZBH	FTA +0.64 points	0.70%	0.06%
Martin Marietta Materials, Inc.MLM	FTA +0.64 points	0.74%	0.10%
Honeywell International Inc.HON	FTA +0.64 points	0.85%	0.21%
Ameren CorporationAEE	FTA +0.63 points	0.73%	0.10%
PPL CorporationPPL	FTA +0.63 points	0.71%	0.08%
Diamondback Energy, Inc.FANG	FTA +0.63 points	0.76%	0.13%
Synchrony FinancialSYF	FTA +0.62 points	0.70%	0.08%
Eversource EnergyES	FTA +0.62 points	0.70%	0.08%
Comcast Corporation (Class A)CMCSA	FTA +0.62 points	0.88%	0.26%
Consolidated Edison, Inc.ED	FTA +0.62 points	0.75%	0.13%
Exelon CorporationEXC	FTA +0.60 points	0.75%	0.15%
Super Micro Computer, Inc.SMCI	FTA +0.60 points	0.66%	0.06%
Xcel Energy Inc.XEL	FTA +0.58 points	0.74%	0.16%
D.R. Horton, Inc.DHI	FTA +0.58 points	0.70%	0.12%
Gen Digital Inc.GEN	FTA +0.58 points	0.63%	0.05%
Smurfit Westrock PlcSW	FTA +0.57 points	0.64%	0.07%
M&T Bank CorporationMTB	FTA +0.57 points	0.67%	0.10%
PayPal Holdings, Inc.PYPL	FTA +0.56 points	0.71%	0.15%
The Progressive CorporationPGR	FTA +0.55 points	0.73%	0.18%
CRH PlcCRH	FTA +0.53 points	0.72%	0.19%
Ball CorporationBALL	FTA +0.52 points	0.57%	0.05%
United Airlines Holdings, Inc.UAL	FTA +0.51 points	0.62%	0.10%
FedEx CorporationFDX	FTA +0.51 points	0.72%	0.21%
General Motors CompanyGM	FTA +0.50 points	0.74%	0.24%
Truist Financial CorporationTFC	FTA +0.50 points	0.69%	0.19%
Brown & Brown, Inc.BRO	FTA +0.49 points	0.55%	0.06%
Dollar Tree, Inc.DLTR	FTA +0.48 points	0.56%	0.08%
Delta Air Lines, Inc.DAL	FTA +0.48 points	0.63%	0.15%
NiSource Inc.NI	FTA +0.48 points	0.55%	0.07%
The Cigna GroupCI	FTA +0.48 points	0.72%	0.24%
The Travelers Companies, Inc.TRV	FTA +0.47 points	0.73%	0.26%
PPG Industries, Inc.PPG	FTA +0.47 points	0.55%	0.08%
CMS Energy CorporationCMS	FTA +0.46 points	0.53%	0.07%
Best Buy Co., Inc.BBY	FTA +0.46 points	0.52%	0.06%
Lennar CorporationLEN	FTA +0.46 points	0.51%	0.05%
Copart, Inc.CPRT	FTA +0.45 points	0.53%	0.08%
Viatris Inc.VTRS	FTA +0.44 points	0.51%	0.07%
DTE Energy CompanyDTE	FTA +0.44 points	0.53%	0.09%
Zoetis Inc.ZTS	FTA +0.45 points	0.55%	0.10%
KeyCorpKEY	FTA +0.44 points	0.50%	0.06%
Dollar General CorporationDG	FTA +0.44 points	0.53%	0.09%
Invitation Homes Inc.INVH	FTA +0.44 points	0.48%	0.04%
Atmos Energy CorporationATO	FTA +0.44 points	0.53%	0.09%
ConocoPhillipsCOP	FTA +0.44 points	1.01%	0.57%
Regions Financial CorporationRF	FTA +0.43 points	0.51%	0.08%
Salesforce, Inc.CRM	IUSV +0.42 points	0.16%	0.58%
Public Service Enterprise Group IncorporatedPEG	FTA +0.41 points	0.53%	0.12%
PepsiCo, Inc.PEP	IUSV +0.41 points	0.17%	0.58%
Boston Scientific CorporationBSX	FTA +0.40 points	0.46%	0.06%
Huntington Bancshares IncorporatedHBAN	FTA +0.40 points	0.50%	0.10%
Citizens Financial Group, Inc.CFG	FTA +0.40 points	0.48%	0.08%
Bunge Global S.A.BG	FTA +0.38 points	0.43%	0.05%
Nucor CorporationNUE	FTA +0.37 points	0.56%	0.19%
ONEOK, Inc.OKE	FTA +0.36 points	0.55%	0.19%
Chubb LimitedCB	FTA +0.33 points	0.73%	0.40%
Kinder Morgan, Inc.KMI	FTA +0.33 points	0.54%	0.21%
East West Bancorp, Inc.EWBC	FTA +0.32 points	0.35%	0.03%
Alliant Energy CorporationLNT	FTA +0.31 points	0.37%	0.06%
Capital One Financial CorporationCOF	FTA +0.31 points	0.70%	0.39%
Weyerhaeuser CompanyWY	FTA +0.30 points	0.35%	0.05%

All 187 FTA holdings⁠All 732 IUSV 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.

FTA vs IUSV Cost

Overpaying FTA vs IUSV

$10,604

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

FTA 0.58%
$11,453
IUSV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

FTA 0.58%
IUSV 0.04%
Overpaying

Year by year

Year	FTA	IUSV	Overpaying
10	$1,041	$73	$968
20	$3,986	$288	$3,698
30	$11,453	$849	$10,604

Expense ratio

0.58%FTA
0.04%IUSV, cheaper

IUSV0.04%FTA0.58%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

FTA 36th cheapest of 40 funds

FTA vs IUSV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FTA 1.68%, better; IUSV 1.63%
Payout (12M): FTA $1.75; IUSV $1.89
Last payment: FTA $0.53; IUSV $0.49
Ex-dividend: FTA Sep 24, 2026; IUSV Sep 15, 2026
Paid on: FTA Sep 30, 2026; IUSV Sep 18, 2026
Frequency: FTA Quarterly; IUSV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FTAQuarterly · 40 paymentsAll FTA payments⁠

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

FTA vs IUSV Risk

Fall from peak · 5 years

FTA
IUSV

Risk facts

VolatilityStd dev, 3 years: FTA 13.5%IUSV 11.9%, better
Return per unit of riskSharpe ratio, 3 years: FTA 1.14IUSV 1.15, better
Worst fallMax drawdown, 5 years: FTA −19.8%IUSV −17.9%, better
Market sensitivityBeta, 5 years: FTA 0.64IUSV 0.85; Market = 1

FTA and IUSV in the news

All news⁠

Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026IUSV

Popular comparisons

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FTA vs IUSV

In short

Stated mandate

Why people hold it

Worth knowing

How FTA and IUSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FTA

Only in IUSV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

One US value fund returned 68% with Micron at 22.5%. The median returned 22%

How FTA and IUSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FTA

Only in IUSV

Weight gaps