FYT vs IUSV: Grades, Fees and Holdings Compared

First Trust Small Cap Value AlphaDEX Fund

FYTCNasdaq

iShares Core S&P U.S. Value ETF

IUSVANasdaq

Overlap

0.3%by weight

Expense ratio

IUSV −0.66pt a year

FYT0.70%IUSV0.04%

Avg volume · 30D

IUSV 34.5×the volume

FYT16.7KIUSV575K

10Y return · a year

IUSV +1.6pt

FYT+10.7%IUSV+12.3%

FYT vs IUSV Performance

Oct 29, 2021 – Oct 30, 2026

+47.0%FYT+72.6%IUSV

Expense ratio: FYT 0.70%; IUSV 0.04%, better
Fund size: FYT $178M; IUSV $28.5B
1Y total return: FYT +31.3%, better; IUSV +16.6%
Yield (12M): FYT 1.84%, better; IUSV 1.63%
Holdings: FYT 263; IUSV 734
Avg volume (30D): FYT 16.7K sh; IUSV 575K sh, better
NAV per share: FYT $70.00; IUSV $115.73
52W range

ETF.net Grade

Pillar letters and Scores for FYT, IUSV, with each pillar’s weight
Pillar	FYT	IUSV
Cost30% weight	F5	A96Higher
Mission25% weight	A82	A88Higher
Risk15% weight	D26	B64Higher
Tradability15% weight	C50	A82Higher
Holdings10% weight	A76Higher	C48
Durability5% weight	C52	A79Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. FYT 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 FYT 34th 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 32CNIXTResearch Affiliates Deletions ETFScore 45
Rank 34CFYTFirst Trust Small Cap Value AlphaDEX FundScore 43
Rank 34CRZVInvesco S&P SmallCap 600 Pure Value ETFScore 43

Our read on each fund

ETF.net Research

FYTCFirst Trust Small Cap Value AlphaDEX Fund

IUSVAiShares Core S&P U.S. Value ETF

In short

FYT Most value funds just buy the market, cap-weighted. FYT ranks small caps on growth and value factors, hands the top scorers the most weight, and reshuffles quarterly. A quant stock picker in index clothing.

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

FYT The Fund seeks to track, before fees and expenses, the price and yield of the Nasdaq AlphaDEX Small Cap Value Index. It normally invests at least 90% of net assets in index securities and uses an indexing approach to replicate the index’s performance.

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

FYT The AlphaDEX rulebook scores small caps on growth and value factors, keeps the top names, then sorts them into tiers so higher-scoring groups carry more weight. Equal weight inside each tier.nasdaqomx.com
Quarterly reconstitution recycles the roster four times a year, so the portfolio keeps re-ranking instead of drifting into whatever worked years ago.nasdaqomx.com nasdaqomx.com 2
Roughly 300 names, with weight set by score tier rather than piled into the largest companies. No single holding runs the show.nasdaqomx.com
Trading since 2011, and built to replicate rather than outguess: at least 90% of net assets sit in index securities, and it has stayed close to that index.

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

FYT 0.70% a year against a roughly 0.20% median for US value ETFs, and giants like VTV and IUSV sit near a nickel. That gap is the price of the screen.
Thinly traded on a modest asset base, so spreads can run wider than the household-name funds in this category. Limit orders matter more here.
Small caps plus a factor screen swing harder than the large-cap value indexes that anchor this group, and can spend long stretches looking nothing like plain vanilla value.

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 FYT profile⁠

Full IUSV profile⁠

FYT vs IUSV Holdings

How FYT and IUSV differ

Overlap by weight

0.3%

Shared holdings make up 12.6% of FYT and 0.3% of IUSV.

Level by level

Holdings31 in both0.3%
Sector11 Sectors76.1%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in FYT and IUSV, widest gap first
Sector	More in FYTMore in IUSV	FYT	IUSV
Technology	IUSV +13.9 points	6.3%	20.2%
Consumer Discretionary	FYT +11.5 points	21.4%	9.9%
Health Care	IUSV +7.8 points	5.0%	12.8%
Financials	FYT +6.6 points	22.1%	15.5%
Real Estate	FYT +4.4 points	7.7%	3.3%
Utilities	IUSV +1.1 points	2.9%	4.0%
Communication	FYT +1.0 points	3.4%	2.4%
Energy	IUSV +0.6 points	7.6%	8.2%
Materials	FYT +0.4 points	3.9%	3.5%
Industrials	IUSV +0.3 points	10.9%	11.2%
Consumer Staples	FYT +0.1 points	8.9%	8.8%

Country, concentration and asset class

Country by domicile

Country weights in FYT and IUSV, widest gap first
Country	More in FYTMore in IUSV	FYT	IUSV
Switzerland	IUSV +0.5 points	0.0%	0.5%
Other countries (7)	FYT +0.5 points	100.0%	99.5%

Concentration

Weight in the 10 largest Holdings

FYT7.4%
IUSV23.0%

Securities held

FYT262
IUSV731

Asset class

FYT: Equity
IUSV: Equity

Holdings

Only in FYT231
In both31
Only in IUSV700

Only in FYT

231 securities, 87.3% of FYT by weight

DXC Technology Company0.84%
Kohl's Corporation0.80%
Academy Sports and Outdoors, Inc.0.75%
Comstock Resources, Inc.0.73%
Everforth Incorporated0.71%
Asbury Automotive Group, Inc.0.70%
NMI Holdings, Inc. (Class A)0.70%
PROG Holdings Inc.0.68%
G-III Apparel Group, Ltd.0.68%
Gulfport Energy Corporation0.67%
American Eagle Outfitters, Inc.0.67%
Vistance Networks Inc.0.67%
MillerKnoll Inc.0.67%
Group 1 Automotive, Inc.0.66%
Avista Corporation0.65%
SiriusPoint Ltd.0.65%
Hamilton Insurance Group, Ltd. (Class B)0.65%
AMN Healthcare Services, Inc.0.64%
Assured Guaranty Ltd.0.63%
Resideo Technologies, Inc.0.63%
Yelp Inc.0.63%
Bristow Group Inc.0.63%
La-Z-Boy Incorporated0.63%
Telephone and Data Systems, Inc.0.62%
Carter's, Inc.0.61%
Innoviva, Inc.0.61%
Ingles Markets, Incorporated0.60%
Walker & Dunlop, Inc.0.60%
Dorian LPG Ltd.0.60%
TriMas Corporation0.60%
Innovative Industrial Properties, Inc.0.60%
Seaboard Corporation0.60%
BKV Corporation0.60%
Array Digital Infrastructure Inc0.59%
The Greenbrier Companies, Inc.0.59%
Hawaiian Electric Industries, Inc.0.59%
Sunrun Inc.0.59%
BellRing Brands, Inc.0.58%
Kennametal Inc.0.58%
Strategic Education, Inc.0.57%
Par Pacific Holdings, Inc.0.57%
Central Garden & Pet Company (Class A)0.57%
Ardent Health, Inc.0.57%
Forestar Group Inc.0.57%
Nabors Industries Ltd.0.57%
Advance Auto Parts, Inc.0.57%
Trinity Industries, Inc.0.56%
Flowers Foods, Inc.0.55%
Hub Group, Inc.0.55%
Stewart Information Services Corporation0.55%

Only in IUSV

700 securities, 99.5% of IUSV by weight

Apple7.81%
Amazon.com Inc3.44%
Exxonmobil Holdings Corp2.39%
Walmart1.71%
Chevron1.44%
Costco Wholesale Corp1.39%
Tesla Inc1.33%
Procter & Gamble1.17%
Merck & Co Inc1.15%
UnitedHealth Group1.13%
Home Depot1.02%
Intel Corporation1.01%
Bank of America1.01%
Visa Class A0.98%
JPMorgan Chase & Co0.89%
AbbVie0.87%
Texas Instrument0.85%
Johnson & Johnson0.84%
Thermo Fisher Scientific0.80%
Wells Fargo0.78%
Linde PLC0.74%
Coca-Cola0.66%
Citigroup0.64%
Analog Devices0.63%
Cisco Systems Inc0.60%
Walt Disney0.59%
Salesforce0.58%
Pepsico0.58%
Verizon Communications Inc0.58%
Conocophillips0.57%
Abbott Laboratories0.57%
Union Pacific0.56%
Qualcomm0.55%
Nextera Energy0.54%
Pfizer0.54%
Mastercard Class A0.53%
Deere0.53%
BlackRock0.51%
Accenture PLC Class A0.49%
Ge Aerospace0.47%
AT&T0.46%
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%
Lockheed Martin0.40%

Weight gaps

All 31 Holdings in both funds, largest gap first.

Holding weights in FYT and IUSV, widest gap first
Holding	More in FYTMore in IUSV	FYT	IUSV
Harley-Davidson, Inc.HOG	FYT +0.77 points	0.78%	0.01%
MAXIMUS, Inc.MMS	FYT +0.72 points	0.73%	<0.01%
Post Holdings, Inc.POST	FYT +0.69 points	0.70%	0.01%
Bath & Body Works, Inc.BBWI	FYT +0.69 points	0.70%	0.01%
Thor Industries, Inc.THO	FYT +0.64 points	0.65%	0.01%
Graham Holdings CompanyGHC	FYT +0.62 points	0.63%	<0.01%
Graphic Packaging Holding CompanyGPK	FYT +0.59 points	0.60%	<0.01%
Whirlpool CorporationWHR	FYT +0.58 points	0.59%	<0.01%
Mattel, Inc.MAT	FYT +0.58 points	0.59%	<0.01%
Kilroy Realty CorpKRC	FYT +0.52 points	0.53%	0.01%
KB HomeKBH	FYT +0.49 points	0.50%	<0.01%
Euronet Worldwide, Inc.EEFT	FYT +0.48 points	0.49%	<0.01%
Columbia Sportswear CompanyCOLM	FYT +0.41 points	0.42%	<0.01%
Visteon CorporationVC	FYT +0.40 points	0.41%	<0.01%
Knife River CorporationKNF	FYT +0.40 points	0.41%	<0.01%
The Marzetti CompanyMZTI	FYT +0.40 points	0.40%	<0.01%
Avient Corp.AVNT	FYT +0.37 points	0.38%	0.01%
Greif, Inc.GEF	FYT +0.36 points	0.37%	<0.01%
International Bancshares CorporationIBOC	FYT +0.34 points	0.35%	<0.01%
Crane NXT, Co.CXT	FYT +0.30 points	0.30%	<0.01%
Kyndryl Holdings, Inc.KD	FYT +0.29 points	0.30%	<0.01%
Texas Capital Bancshares, Inc.TCBI	FYT +0.26 points	0.27%	<0.01%
Universal Display CorporationOLED	FYT +0.26 points	0.27%	<0.01%
Cabot CorporationCBT	FYT +0.23 points	0.24%	0.01%
FTI Consulting, Inc.FCN	FYT +0.15 points	0.16%	<0.01%
RhRH	FYT +0.13 points	0.14%	<0.01%
PVH Corp.PVH	FYT +0.14 points	0.15%	0.01%
Shift4 Payments, Inc. (Class A)FOUR	FYT +0.13 points	0.13%	<0.01%
Dolby Laboratories, Inc.DLB	FYT +0.12 points	0.13%	<0.01%
Independence Realty Trust, Inc.IRT	FYT +0.11 points	0.12%	0.01%
Envista Holdings CorporationNVST	FYT +0.11 points	0.12%	0.01%

All 262 FYT 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.

FYT vs IUSV Cost

Overpaying FYT vs IUSV

$12,757

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

FYT 0.70%
$13,606
IUSV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

FYT 0.70%
IUSV 0.04%
Overpaying

Year by year

Year	FYT	IUSV	Overpaying
10	$1,250	$73	$1,177
20	$4,760	$288	$4,472
30	$13,606	$849	$12,757

Expense ratio

0.70%FYT
0.04%IUSV, cheaper

IUSV0.04%FYT0.70%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

FYT 38th cheapest of 40 funds

FYT vs IUSV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FYT 1.84%, better; IUSV 1.63%
Payout (12M): FYT $1.29; IUSV $1.89
Last payment: FYT $0.47; IUSV $0.49
Ex-dividend: FYT Sep 24, 2026; IUSV Sep 15, 2026
Paid on: FYT Sep 30, 2026; IUSV Sep 18, 2026
Frequency: FYT Quarterly; IUSV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FYTQuarterly · 37 paymentsAll FYT payments⁠

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

FYT vs IUSV Risk

Fall from peak · 5 years

FYT
IUSV

Risk facts

VolatilityStd dev, 3 years: FYT 19.9%IUSV 11.9%, better
Return per unit of riskSharpe ratio, 3 years: FYT 0.71IUSV 1.15, better
Worst fallMax drawdown, 5 years: FYT −28.9%IUSV −17.9%, better
Market sensitivityBeta, 5 years: FYT 1.00IUSV 0.85; Market = 1

FYT 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

FYTCvsSCHVA
First Trust Small Cap Value AlphaDEX Fund · Schwab U.S. Large-Cap Value ETF
Expense ratio
0.70% · 0.04%
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IUSVAvsSCHVA
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FYTCvsIWDA
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IUSVAvsIWDA
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Category

FYT vs IUSV

In short

Stated mandate

Why people hold it

Worth knowing

How FYT and IUSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FYT

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 FYT and IUSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FYT

Only in IUSV

Weight gaps