FTCS vs IMCV: Grades, Fees and Holdings Compared

First Trust Capital Strength ETF

FTCSCNasdaq

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Overlap

12.6%by weight

Expense ratio

IMCV −0.47pt a year

FTCS0.53%IMCV0.06%

Avg volume · 30D

FTCS 10.6×the volume

FTCS412KIMCV38.9K

10Y return · a year

FTCS +0.4pt

FTCS+11.5%IMCV+11.1%

FTCS vs IMCV Performance

Oct 29, 2021 – Oct 30, 2026

+36.5%FTCS+68.3%IMCV

Expense ratio: FTCS 0.53%; IMCV 0.06%, better
Fund size: FTCS $7.94B; IMCV $1.27B
1Y total return: FTCS +13.4%; IMCV +27.0%, better
Yield (12M): FTCS 1.12%; IMCV 1.84%, better
Holdings: FTCS 51; IMCV 271
Avg volume (30D): FTCS 412K sh, better; IMCV 38.9K sh
NAV per share: FTCS $102.28; IMCV $99.16
52W range

ETF.net Grade

Pillar letters and Scores for FTCS, IMCV, with each pillar’s weight
Pillar	FTCS	IMCV
Cost30% weight	F23	A96Higher
Mission25% weight	Not scored	A76
Risk15% weight	B64	A77Higher
Tradability15% weight	A96Higher	B69
Holdings10% weight	C47	B69Higher
Durability5% weight	A81Higher	A77

Rank among US Multifactor funds

How we build Categories ›

Same Category. FTCS 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 FTCS 53rd 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 52CBMVPInvesco Bloomberg MVP Multi-factor ETFScore 54
Rank 53CFTCSFirst Trust Capital Strength ETFScore 53
Rank 53CMOATVanEck Morningstar Wide Moat ETFScore 53

Our read on each fund

ETF.net Research

FTCSCFirst Trust Capital Strength ETF

IMCVAiShares Morningstar Mid-Cap Value ETF

In short

FTCS A 2006-vintage take on quality investing: the Capital Strength Index screens US companies for profitability and calm price action, then keeps about 50. Concentrated by design, and priced accordingly.

IMCV No data

Stated mandate

FTCS FTCS seeks to track, before fees and expenses, the price and yield of The Capital StrengthTM Index. The fund states that achieving its investment objective is not guaranteed.

IMCV No data

Why people hold it

FTCS Runs a real screen, not a market-cap list. Quality, profitability and low-volatility filters cut the field to about 50 US names, so each holding actually carries weight.ftportfolios.com
Trading since 2006, so the strategy has been live through the financial crisis, 2020 and 2022. A long operating history, not a backtest with a ticker attached.
A multi-billion-dollar fund that trades actively, which generally means tight spreads on retail-sized orders. Distributions come quarterly.

IMCV No data

Worth knowing

FTCS 0.53% a year is roughly double the median for US factor ETFs. Cohort neighbors like MGV (0.05%) and SIZE (0.15%) run the factor playbook for a fraction of that.
About 50 holdings means one company's bad quarter lands harder here than in a broad index fund.
The index is rules-based, so the portfolio tilts toward whichever sectors currently clear the quality and volatility screens rather than to a fixed sector mix.ftportfolios.com

IMCV No data

Full FTCS profile⁠

Full IMCV profile⁠

FTCS vs IMCV Holdings

How FTCS and IMCV differ

Overlap by weight

12.6%

Shared holdings make up 47.8% of FTCS and 12.6% of IMCV.

Level by level

Holdings24 in both12.6%
Sector11 Sectors69.3%
Countryby domicile98.2%
Asset classEquity100%

Sector

Sector weights in FTCS and IMCV, widest gap first
Sector	More in FTCSMore in IMCV	FTCS	IMCV
Financials	FTCS +13.5 points	32.0%	18.5%
Energy	IMCV +11.5 points	1.9%	13.4%
Utilities	IMCV +9.0 points	0.0%	9.0%
Consumer Staples	FTCS +7.2 points	15.9%	8.7%
Industrials	FTCS +6.1 points	20.3%	14.2%
Real Estate	IMCV +4.6 points	0.0%	4.6%
Consumer Discretionary	FTCS +3.0 points	9.9%	6.9%
Technology	IMCV +2.4 points	4.1%	6.5%
Health Care	IMCV +2.2 points	10.0%	12.2%
Communication	IMCV +1.1 points	0.0%	1.1%
Materials	FTCS +1.0 points	6.0%	5.0%

Country, concentration and asset class

Country by domicile

Country weights in FTCS and IMCV, widest gap first
Country	More in FTCSMore in IMCV	FTCS	IMCV
Switzerland	FTCS +1.8 points	2.0%	0.2%
United States	IMCV +0.7 points	98.0%	98.7%
Other countries (3)	IMCV +1.1 points	0.0%	1.1%

Concentration

Weight in the 10 largest Holdings

FTCS21.2%
IMCV13.2%

Securities held

FTCS50
IMCV268

Asset class

FTCS: Equity
IMCV: Equity

Holdings

Only in FTCS26
In both24
Only in IMCV244

Only in FTCS

26 securities, 52.0% of FTCS by weight

Lockheed Martin Corporation2.25%
Vertex Pharmaceuticals Incorporated2.16%
General Dynamics Corporation2.11%
Amgen Inc.2.08%
Johnson & Johnson2.07%
The Home Depot, Inc.2.05%
Union Pacific Corporation2.05%
Ecolab Inc.2.04%
PepsiCo, Inc.2.03%
Walmart Inc.2.01%
CME Group Inc.2.01%
Mastercard Incorporated2.01%
Monster Beverage Corporation2.01%
Linde Plc2.00%
Visa Inc. (Class A)2.00%
Moody's Corporation1.99%
Chubb Limited1.98%
Costco Wholesale Corporation1.98%
The Procter & Gamble Company1.97%
American Express Company1.97%
The Coca-Cola Company1.96%
Apple Inc.1.95%
Cencora, Inc.1.88%
The Charles Schwab Corporation1.85%
The TJX Companies, Inc.1.85%
Trane Technologies plc1.73%

Only in IMCV

244 securities, 87.3% of IMCV by weight

Valero Energy Corp1.57%
Us Bancorp1.27%
Regeneron Pharmaceuticals1.25%
Pnc Financial Services Group1.24%
Elevance Health Inc1.20%
Eog Resources1.19%
Mondelez International Class A1.14%
Travelers Companies1.13%
United Parcel Service Inc Class B1.11%
Slb1.09%
Moderna1.08%
General Motors1.05%
Cigna1.04%
Hewlett Packard Enterprise1.00%
Cheniere Energy0.93%
Kinder Morgan0.91%
Marathon Petroleum0.88%
Oneok0.83%
Truist Financial0.82%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Becton Dickinson0.74%
Metlife0.73%
Williams0.72%
Delta Air Lines0.72%
Paccar Inc0.69%
Xcel Energy Inc0.68%
PayPal Holdings0.67%
Keurig Dr Pepper Inc0.66%
Ford Motor Co0.66%
Strategy Inc Class A0.65%
Exelon Corp0.65%
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%
Sysco0.54%
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%
Illinois Tool Inc0.52%

Weight gaps

All 24 Holdings in both funds, largest gap first.

Holding weights in FTCS and IMCV, widest gap first
Holding	More in FTCSMore in IMCV	FTCS	IMCV
Veralto CorporationVLTO	FTCS +1.99 points	2.14%	0.15%
Cincinnati Financial CorporationCINF	FTCS +1.87 points	2.07%	0.20%
Expeditors International of Washington, Inc.EXPD	FTCS +1.80 points	1.97%	0.17%
PPG Industries, Inc.PPG	FTCS +1.79 points	2.15%	0.36%
Northern Trust CorporationNTRS	FTCS +1.76 points	1.97%	0.21%
Raymond James Financial, Inc.RJF	FTCS +1.76 points	1.95%	0.19%
NVR, Inc.NVR	FTCS +1.74 points	1.95%	0.21%
Williams-Sonoma, Inc.WSM	FTCS +1.73 points	1.96%	0.23%
Snap-on IncorporatedSNA	FTCS +1.73 points	1.88%	0.15%
T. Rowe Price Group, Inc.TROW	FTCS +1.71 points	2.01%	0.30%
CSX CorporationCSX	FTCS +1.65 points	2.08%	0.43%
W.R. Berkley CorporationWRB	FTCS +1.64 points	1.92%	0.28%
Agilent Technologies, Inc.A	FTCS +1.61 points	1.96%	0.35%
Ross Stores, Inc.ROST	FTCS +1.60 points	1.87%	0.27%
Arch Capital Group Ltd.ACGL	FTCS +1.57 points	2.05%	0.48%
Ameriprise Financial, Inc.AMP	FTCS +1.56 points	1.90%	0.34%
Northrop Grumman CorporationNOC	FTCS +1.46 points	2.10%	0.64%
Colgate-Palmolive CompanyCL	FTCS +1.29 points	1.98%	0.69%
Aflac IncorporatedAFL	FTCS +1.26 points	2.02%	0.76%
Marsh & McLennan Companies, Inc.MRSH	FTCS +1.25 points	2.07%	0.82%
Target CorporationTGT	FTCS +0.97 points	1.93%	0.96%
3M CompanyMMM	FTCS +0.82 points	2.05%	1.23%
Automatic Data Processing, Inc.ADP	FTCS +0.39 points	1.99%	1.60%
Phillips 66PSX	FTCS +0.33 points	1.87%	1.54%

All 50 FTCS 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.

FTCS vs IMCV Cost

Overpaying FTCS vs IMCV

$9,266

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

FTCS 0.53%
$10,536
IMCV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

FTCS 0.53%
IMCV 0.06%
Overpaying

Year by year

Year	FTCS	IMCV	Overpaying
10	$953	$110	$843
20	$3,658	$432	$3,226
30	$10,536	$1,270	$9,266

Expense ratio

0.53%FTCS
0.06%IMCV, cheaper

IMCV0.06%FTCS0.53%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

FTCS 76th cheapest of 99 funds

FTCS vs IMCV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FTCS 1.12%; IMCV 1.84%, better
Payout (12M): FTCS $1.14; IMCV $1.83
Last payment: FTCS $0.33; IMCV $0.52
Ex-dividend: FTCS Sep 24, 2026; IMCV Sep 15, 2026
Paid on: FTCS Sep 30, 2026; IMCV Sep 18, 2026
Frequency: FTCS Quarterly; IMCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FTCSQuarterly · 39 paymentsAll FTCS payments⁠

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

FTCS vs IMCV Risk

Fall from peak · 5 years

FTCS
IMCV

Risk facts

VolatilityStd dev, 3 years: FTCS 12.1%, betterIMCV 13.6%
Return per unit of riskSharpe ratio, 3 years: FTCS 0.74IMCV 1.22, better
Worst fallMax drawdown, 5 years: FTCS −20.9%IMCV −19.9%, better
Market sensitivityBeta, 5 years: FTCS 0.53IMCV 0.88; Market = 1

FTCS and IMCV in the news

All news⁠

News
Copart to buy ACV Auctions for $10.50 a share in cash
Sep 10, 2026FTCS

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FTCS vs IMCV

In short

Stated mandate

Why people hold it

Worth knowing

How FTCS and IMCV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FTCS

Only in IMCV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Copart to buy ACV Auctions for $10.50 a share in cash

How FTCS and IMCV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FTCS

Only in IMCV

Weight gaps