GVUS vs ILCV: Grades, Fees and Holdings Compared

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF

GVUSANYSE Arca

iShares Morningstar Value ETF

ILCVANYSE Arca

Overlap

72.6%by weight

Expense ratio

ILCV −0.08pt a year

GVUS0.12%ILCV0.04%

Avg volume · 30D

ILCV 1.2×the volume

GVUS21KILCV25.1K

GVUS vs ILCV Performance

Nov 7, 2025 – Nov 9, 2026

+30.9%GVUS+22.4%ILCV

Expense ratio: GVUS 0.12%; ILCV 0.04%, better
Fund size: GVUS $449M; ILCV $1.37B
1Y total return: GVUS +30.9%, better; ILCV +22.4%
Yield (12M): GVUS 1.43%; ILCV 1.50%, better
Holdings: GVUS 860; ILCV 374
Avg volume (30D): GVUS 21K sh; ILCV 25.1K sh, better
NAV per share: GVUS $66.07; ILCV $108.28
52W range

ETF.net Grade

Pillar letters and Scores for GVUS, ILCV, with each pillar’s weight
Pillar	GVUS	ILCV
Cost30% weight	A91	A99Higher
Mission25% weight	A100Higher	A82
Risk15% weight	A85	A91Higher
Tradability15% weight	C43	B62Higher
Holdings10% weight	C49Higher	D39
Durability5% weight	C47	A82Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. GVUS and ILCV 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 ›

ILCV ranks 2nd and GVUS 9th 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 7AQUSState Street SPDR MSCI USA StrategicFactors ETFScore 79
Rank 9AGVUSGoldman Sachs MarketBeta Russell 1000 Value Equity ETFScore 78
Rank 9AIUSGiShares Core S&P U.S. Growth ETFScore 78

Our read on each fund

ETF.net Research

GVUSAGoldman Sachs MarketBeta Russell 1000 Value Equity ETF

ILCVAiShares Morningstar Value ETF

In short

GVUS Goldman's plain-vanilla shelf, not its quant shop. GVUS tracks a daily-capped Russell 1000 Value index for 0.12% a year: roughly 900 large- and mid-cap value names, no overlay, no tilt, no manager's opinion.

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

GVUS The Fund seeks to track, before fees and expenses, the performance of an underlying index representing the large- and mid-capitalization value segment of U.S. equity issuers.

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

GVUS Charges 0.12% a year against a 0.32% median for its factor peer group. Index-fund pricing with a Goldman nameplate.
Tracks its benchmark tightly, one of the cleanest index implementations in its peer group.
Roughly 900 large- and mid-cap value stocks, sorted by Russell's published style rules rather than anyone's stock picks.gs.com
The benchmark is the 40 Act Daily Capped version: FTSE Russell watches weights daily to keep single names under 1940 Act diversification thresholds. Concentration control is built into the index.ftserussell.com

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

GVUS One of the thinner-traded names in its category. Spreads matter more here than with the household-name value funds, so limit orders earn their keep.
Launched in late 2023, so the live record is short next to Russell 1000 Value trackers with decades behind them.
Cheap, not cheapest: Vanguard's VONV runs the same Russell 1000 Value exposure at 0.06%.

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 GVUS profile⁠

Full ILCV profile⁠

GVUS vs ILCV Holdings

How GVUS and ILCV differ

Overlap by weight

72.6%

Shared holdings make up 86.4% of ILCV and 81.6% of GVUS.

Level by level

Holdings329 in both72.6%
Sector11 Sectors92.1%
Asset classStocks100%
Countryby domicile99.7%

Sector

Sector weights in GVUS and ILCV, widest gap first
Sector	Gap	GVUS	ILCV
Communication	ILCV +5.6 points	2.9%	8.5%
Industrials	GVUS +2.7 points	9.6%	6.9%
Technology	ILCV +2.2 points	20.8%	23.0%
Real Estate	GVUS +1.8 points	3.5%	1.7%
Consumer Discretionary	GVUS +1.2 points	10.1%	8.9%
Materials	GVUS +1.1 points	3.1%	2.1%
Energy	GVUS +0.7 points	6.8%	6.1%
Utilities	GVUS +0.5 points	3.6%	3.1%
Health Care	ILCV +0.1 points	13.7%	13.8%
Financials	Same weight	18.2%	18.2%
Consumer Staples	GVUS +0.1 points	7.7%	7.6%

Country, concentration and asset class

Country by domicile

Country weights in GVUS and ILCV, widest gap first
Country	Gap	GVUS	ILCV
United States	Same weight	99.2%	99.2%
Switzerland	GVUS +0.1 points	0.5%	0.4%
United Kingdom	Same weight	0.1%	0.1%
Brazil	ILCV +0.1 points	0.0%	0.1%
Mexico	GVUS +0.1 points	0.1%	0.0%
China	ILCV +0.1 points	0.0%	0.1%
Ireland	Same weight	0.1%	0.1%
Canada	Same weight	0.0%	0.0%
Other countries (4)	GVUS +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

GVUS29.7%
ILCV34.8%

Securities held

GVUS859
ILCV371

Asset class

GVUS: Stocks
ILCV: Stocks

Holdings

Only in GVUS530
In both329
Only in ILCV42

Only in GVUS

530 securities, 18.2% of GVUS by weight

Intel Corporation0.68%
Linde PLC0.63%
Welltower, Inc.0.47%
Accenture PLC0.42%
Medtronic Public Limited Company0.35%
Chubb Limited0.34%
Eaton Corp PLC0.30%
Cmrc/Cme Eminirsl V 12/20260.28%
Elevance Health Inc0.25%
Freeport-Mcmoran Inc0.22%
Johnson Controls International Public Limited Comp0.20%
Slb Ltd0.20%
Ecolab Inc.0.20%
O'reilly Automotive, Inc.0.19%
Aon Public Limited Company0.18%
Crh Public Limited Company0.17%
Edwards Lifesciences Corporation0.15%
Motorola Solutions Inc0.14%
Ametek Inc (New)0.14%
Vivmark Residential0.13%
Honeywell Aerospace Inc.0.13%
Westinghouse Air Brake Technologies Corporation0.13%
Baker Hughes Co0.13%
Nasdaq Inc.0.12%
Boeing Company0.12%
Veeva Systems Inc0.12%
Autozone, Inc.0.12%
Ventas, Inc.0.12%
Block, Inc.0.12%
Msci Inc.0.11%
Moody's Corporation0.11%
Carnival Corporation0.10%
Cboe Global Markets, Inc0.10%
Vulcan Materials Co0.10%
Royal Caribbean Group0.10%
Monster Beverage Corporation0.09%
Cummins Inc0.09%
Transdigm Group Incorporated0.09%
Fiserv, Inc.0.09%
Martin Marietta Materials,inc0.08%
Willis Towers Watson PLC0.08%
Coinbase Global, Inc.0.08%
Coherent Corp0.08%
West Pharmaceutical Services0.07%
Okta, Inc.0.07%
Flex Ltd.0.07%
Twilio Inc.0.07%
Verisign, Inc.0.07%
Qnity Electronics, Inc.0.07%
Old Dominion Freight Line, Inc.0.07%

Only in ILCV

42 securities, 13.3% of ILCV by weight

Alphabet Class A2.08%
Alphabet Class C1.68%
Tesla Inc1.11%
Visa Class A1.04%
Micron Technology1.01%
Linde PLC0.68%
Mastercard Class A0.65%
Accenture PLC Class A0.46%
Texas Instrument0.40%
Medtronic PLC0.38%
Chubb0.37%
Booking Holdings0.35%
Caterpillar Inc0.34%
Lockheed Martin0.32%
Oracle0.30%
Elevance Health Inc0.26%
Eaton PLC0.23%
Slb0.21%
Sandisk0.19%
Trane Technologies PLC0.12%
Crh Public Limited PLC0.12%
Mercadolibre0.12%
Simon Property Group Reit Inc0.10%
Fiserv Inc0.10%
Targa Resources0.08%
Carnival Corp Ltd0.07%
Smurfit Westrock PLC0.07%
Te Connectivity PLC0.06%
Revolution Medicines0.06%
Nxp Semiconductors NV0.05%
Willis Towers Watson0.05%
Lyondellbasell Industries Class A0.05%
Darden Restaurants Inc0.04%
Expedia Group0.04%
Nrg Energy Inc0.03%
Tapestry0.03%
Ball Corp0.02%
Flutter Entertainment PLC0.02%
Coreweave Class A0.02%
Vivmark Residential0.02%
Las Vegas Sands0.01%
Hologic Inc0.00%

Weight gaps

The 100 widest of 329 Holdings in both funds.

Holding weights in GVUS and ILCV, widest gap first
Holding	Gap	GVUS	ILCV
Microsoft CorporationMSFT	ILCV +3.37 points	5.21%	8.58%
Amazon.com IncAMZN	GVUS +2.77 points	6.09%	3.32%
Meta Platforms Inc-Class AMETA	ILCV +1.83 points	0.64%	2.47%
Apple Inc.AAPL	ILCV +1.20 points	6.00%	7.20%
The Home Depot, Inc.HD	ILCV +0.76 points	0.23%	0.99%
Amgen Inc.AMGN	ILCV +0.53 points	0.19%	0.72%
Walmart IncWMT	GVUS +0.37 points	1.33%	0.96%
Mckesson CorporationMCK	ILCV +0.24 points	0.02%	0.26%
AbbVie Inc.ABBV	ILCV +0.23 points	1.25%	1.48%
Berkshire Hathaway Inc.BRK.B	ILCV +0.23 points	2.81%	3.04%
Coca-Cola Company (The)KO	ILCV +0.21 points	0.87%	1.08%
JPMorgan Chase & CoJPM	ILCV +0.20 points	2.36%	2.56%
Adobe IncADBE	ILCV +0.19 points	0.08%	0.27%
Analog Devices Inc.ADI	GVUS +0.20 points	0.44%	0.24%
Deere & CompanyDE	GVUS +0.18 points	0.44%	0.26%
American Tower CorpAMT	ILCV +0.17 points	0.08%	0.25%
Johnson & JohnsonJNJ	ILCV +0.16 points	1.76%	1.92%
Exxonmobil Holdings CorporationXOM	ILCV +0.16 points	1.81%	1.97%
Csx CorporationCSX	GVUS +0.15 points	0.24%	0.09%
Dell Technologies Inc.DELL	GVUS +0.15 points	0.23%	0.08%
Automatic Data Processing IncADP	ILCV +0.15 points	0.20%	0.35%
Equinix, Inc.EQIX	GVUS +0.15 points	0.27%	0.12%
The Bank of Ny Mellon CorpBNY	GVUS +0.14 points	0.25%	0.11%
Emerson Electric Co.EMR	GVUS +0.14 points	0.24%	0.10%
Bank of America CorpBAC	ILCV +0.13 points	0.79%	0.92%
Citigroup Inc.C	ILCV +0.13 points	0.45%	0.58%
Blackstone Group Inc/TheBX	ILCV +0.13 points	0.05%	0.18%
Synopsys Inc.SNPS	GVUS +0.12 points	0.22%	0.10%
Parker-Hannifin Corp.PH	GVUS +0.12 points	0.31%	0.19%
Pepsico, Inc.PEP	ILCV +0.11 points	0.45%	0.56%
Arthur J Gallagher & CoAJG	GVUS +0.11 points	0.19%	0.08%
Digital Realty Trust, Inc.DLR	GVUS +0.10 points	0.17%	0.07%
Chevron CorporationCVX	ILCV +0.11 points	1.04%	1.15%
Constellation Energy CorpCEG	GVUS +0.10 points	0.20%	0.10%
Intuit IncINTU	ILCV +0.09 points	0.17%	0.26%
Marriott International, IncMAR	ILCV +0.10 points	0.06%	0.16%
S&P Global Inc.SPGI	GVUS +0.10 points	0.37%	0.27%
The Procter & Gamble CompanyPG	ILCV +0.09 points	1.02%	1.11%
Cisco Systems, Inc.CSCO	ILCV +0.09 points	0.98%	1.07%
Vertex Pharmaceuticals IncorporatedVRTX	GVUS +0.09 points	0.37%	0.28%
Marsh OrdMRSH	GVUS +0.08 points	0.26%	0.18%
Morgan StanleyMS	ILCV +0.08 points	0.54%	0.62%
Merck & Co., Inc.MRK	ILCV +0.08 points	0.96%	1.04%
Nucor CorporationNUE	GVUS +0.08 points	0.14%	0.06%
Waste Management IncWM	ILCV +0.08 points	0.17%	0.25%
Charles Schwab CorporationSCHW	GVUS +0.09 points	0.37%	0.28%
Apollo Global Management IncAPO	GVUS +0.08 points	0.13%	0.05%
Waters CorporationWAT	GVUS +0.08 points	0.12%	0.04%
Garmin LtdGRMN	GVUS +0.08 points	0.12%	0.04%
Allstate CorporationALL	GVUS +0.08 points	0.17%	0.09%
UnitedHealth Group IncorporatedUNH	ILCV +0.08 points	0.94%	1.02%
L3HARRIS Technologies IncLHX	GVUS +0.08 points	0.13%	0.05%
Norfolk Southern CorporationNSC	GVUS +0.07 points	0.19%	0.12%
The Williams Companies, Inc.WMB	GVUS +0.08 points	0.21%	0.13%
United Rentals, Inc.URI	GVUS +0.08 points	0.14%	0.06%
Republic Services IncRSG	GVUS +0.07 points	0.13%	0.06%
Philip Morris Intl IncPM	ILCV +0.07 points	0.82%	0.89%
Sherwin-Williams CoSHW	GVUS +0.07 points	0.15%	0.08%
Air Products & Chemicals IncAPD	GVUS +0.07 points	0.18%	0.11%
Union Pacific Corp.UNP	ILCV +0.07 points	0.43%	0.50%
American Electric Power IncAEP	GVUS +0.07 points	0.18%	0.11%
Vylor Inc.VYLR	GVUS +0.07 points	0.13%	0.06%
Goldman Sachs Group, Inc.(The)GS	ILCV +0.07 points	0.66%	0.73%
Ferguson Enterprises IncFERG	GVUS +0.06 points	0.11%	0.05%
Costco Wholesale CorporationCOST	ILCV +0.06 points	0.70%	0.76%
Entergy CorporationETR	GVUS +0.06 points	0.13%	0.07%
Rtx CorpRTX	ILCV +0.06 points	0.68%	0.74%
Wells Fargo & CompanyWFC	ILCV +0.06 points	0.67%	0.73%
Northrop Grumman CorpNOC	GVUS +0.06 points	0.19%	0.13%
Stryker CorporationSYK	GVUS +0.06 points	0.30%	0.24%
Agilent Technologies, Inc.A	GVUS +0.06 points	0.13%	0.07%
Iron Mountain IncorporatedIRM	GVUS +0.05 points	0.08%	0.03%
Thermo Fisher Scientific IncTMO	ILCV +0.06 points	0.68%	0.74%
3M CompanyMMM	ILCV +0.06 points	0.22%	0.28%
Intl Business Machines CorpIBM	ILCV +0.06 points	0.61%	0.67%
Carrier Global CorporationCARR	GVUS +0.06 points	0.11%	0.05%
Valero Energy CorporationVLO	ILCV +0.06 points	0.23%	0.29%
Tjx Companies Inc (New)TJX	ILCV +0.05 points	0.22%	0.27%
Sysco CorporationSYY	ILCV +0.06 points	0.05%	0.11%
Illumina, IncILMN	GVUS +0.06 points	0.09%	0.03%
Gilead SciencesGILD	ILCV +0.05 points	0.55%	0.60%
Humana Inc.HUM	GVUS +0.05 points	0.14%	0.09%
Mettler-Toledo IntlMTD	GVUS +0.04 points	0.09%	0.05%
Steel Dynamics, Inc.STLD	GVUS +0.04 points	0.07%	0.03%
Fifth Third BancorpFITB	GVUS +0.05 points	0.13%	0.08%
Resmed Inc.RMD	GVUS +0.04 points	0.09%	0.05%
AT&T Inc.T	ILCV +0.05 points	0.38%	0.43%
Qualcomm IncQCOM	ILCV +0.05 points	0.46%	0.51%
Mc Donalds CorpMCD	ILCV +0.04 points	0.52%	0.56%
Teledyne Technologies IncorporatedTDY	GVUS +0.05 points	0.08%	0.03%
State Street Corporation (New)STT	GVUS +0.05 points	0.12%	0.07%
Walt Disney Company (The)DIS	ILCV +0.04 points	0.54%	0.58%
Abbott LaboratoriesABT	ILCV +0.05 points	0.50%	0.55%
Markel Group IncMKL	GVUS +0.04 points	0.06%	0.02%
Illinois Tool WorksITW	GVUS +0.04 points	0.15%	0.11%
Realty Income CorporationO	GVUS +0.05 points	0.15%	0.10%
Veralto CorporationVLTO	GVUS +0.05 points	0.08%	0.03%
Salesforce IncCRM	ILCV +0.04 points	0.45%	0.49%
Verizon Communications Inc.VZ	ILCV +0.04 points	0.51%	0.55%
Nextera Energy, Inc.NEE	ILCV +0.04 points	0.48%	0.52%

All 859 GVUS holdings⁠All 371 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.

GVUS vs ILCV Cost

Overpaying GVUS vs ILCV

$1,671

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

GVUS 0.12%
$2,520
ILCV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

GVUS 0.12%
ILCV 0.04%
Overpaying

Year by year

Year	GVUS	ILCV	Overpaying
10	$220	$73	$147
20	$859	$288	$571
30	$2,520	$849	$1,671

Expense ratio

0.12%GVUS
0.04%ILCV, cheaper

ILCV0.04%GVUS0.12%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

GVUS 10th cheapest of 99 funds

GVUS vs ILCV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): GVUS 1.43%; ILCV 1.50%, better
Payout (12M): GVUS $0.97; ILCV $1.65
Last payment: GVUS $0.23; ILCV $0.42
Ex-dividend: GVUS Sep 24, 2026; ILCV Sep 15, 2026
Paid on: GVUS Sep 30, 2026; ILCV Sep 18, 2026
Frequency: GVUS Quarterly; ILCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

GVUSQuarterly · 12 paymentsAll GVUS payments⁠

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

GVUS vs ILCV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GVUS 11.6%since Dec 2023ILCV 10.7%
Return per unit of riskSharpe ratio, 3 years: GVUS 1.31since Dec 2023ILCV 1.57
Worst fallMax drawdown, 5 years: GVUS −15.8%since Nov 2023ILCV −18.6%
Market sensitivityBeta, 5 years: GVUS 0.76ILCV 0.82; Market = 1

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