ILCV vs JHML: Grades, Fees and Holdings Compared

iShares Morningstar Value ETF

ILCVANYSE Arca

John Hancock Multifactor Large Cap ETF

JHMLANYSE Arca

Overlap

60.5%by weight

Expense ratio

ILCV −0.25pt a year

ILCV0.04%JHML0.29%

Avg volume · 30D

JHML 1.1×the volume

ILCV24.4KJHML27.7K

10Y return · a year

JHML +1.8pt

ILCV+12.3%JHML+14.1%

ILCV vs JHML Performance

Oct 29, 2021 – Oct 30, 2026

+81.1%ILCV+65.2%JHML

Expense ratio: ILCV 0.04%, better; JHML 0.29%
Fund size: ILCV $1.37B; JHML $1.17B
1Y total return: ILCV +21.0%, better; JHML +14.4%
Yield (12M): ILCV 1.51%, better; JHML 0.95%
Holdings: ILCV 375; JHML 776
Avg volume (30D): ILCV 24.4K sh; JHML 27.7K sh, better
NAV per share: ILCV $109.27; JHML $89.93
52W range

ETF.net Grade

Pillar letters and Scores for ILCV, JHML, with each pillar’s weight
Pillar	ILCV	JHML
Cost30% weight	A99Higher	B55
Mission25% weight	A82	A100Higher
Risk15% weight	A90Higher	B60
Tradability15% weight	B64	A74Higher
Holdings10% weight	D39	B61Higher
Durability5% weight	A82Higher	B69

Rank among US Multifactor funds

How we build Categories ›

Same Category. ILCV and JHML 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 JHML 18th 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 18AFLQLFranklin U.S. Large Cap Multifactor Index ETFScore 71
Rank 18AJHMLJohn Hancock Multifactor Large Cap ETFScore 71
Rank 18AONEOState Street SPDR Russell 1000 Momentum Focus ETFScore 71

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

JHMLAJohn Hancock Multifactor Large Cap ETF

In short

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.

JHML Dimensional builds the index, John Hancock runs the fund. JHML holds roughly 800 of the largest US companies, then leans the weights toward smaller, cheaper, more profitable names and caps any single stock at 4%.

Stated mandate

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.

JHML The fund seeks to track, before fees and expenses, the performance of the John Hancock Dimensional Large Cap Index.

Why people hold it

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.

JHML The index is developed and maintained by Dimensional Fund Advisors: weights tilt toward smaller market caps, lower relative price and higher profitability, reconstituted twice a year.sec.gov jhinvestments.com
A 4% cap on any one company at reconstitution, spread across about 800 names, keeps the portfolio far less top-heavy than a straight cap-weighted large cap fund.sec.gov
It has tracked its Dimensional index very closely, and stands among the stronger implementations in a crowded multifactor large cap field.
Running since 2015, it has a decade of live history under the same rules-based index, not a backtest.

Worth knowing

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.

JHML Fee is 0.29% net of a waiver through July 31, 2027 (0.32% gross), near the category median. Simpler factor peers like LRGF (0.08%) and VYM (0.04%) charge much less.
Trading is thin for a multi-billion-dollar fund, so spreads can run wider than the household-name large cap ETFs. Limit orders are the usual tool here.
Those size, value and profitability tilts mean the return path can diverge from a cap-weighted large cap index, in either direction, for long stretches.sec.gov

Full ILCV profile⁠

Full JHML profile⁠

ILCV vs JHML Holdings

How ILCV and JHML differ

Overlap by weight

60.5%

Shared holdings make up 99.3% of ILCV and 69.8% of JHML.

Level by level

Holdings363 in both60.5%
Sector11 Sectors86.6%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in ILCV and JHML, widest gap first
Sector	More in ILCVMore in JHML	ILCV	JHML
Technology	JHML +7.1 points	23.9%	31.0%
Industrials	JHML +4.3 points	6.9%	11.2%
Financials	ILCV +4.1 points	17.7%	13.6%
Health Care	ILCV +3.0 points	13.4%	10.4%
Consumer Staples	ILCV +2.7 points	7.3%	4.6%
Energy	ILCV +2.3 points	6.6%	4.3%
Communication	ILCV +1.3 points	8.8%	7.5%
Consumer Discretionary	JHML +0.8 points	8.6%	9.4%
Real Estate	JHML +0.5 points	1.7%	2.2%
Materials	JHML +0.5 points	2.1%	2.6%
Utilities	JHML +0.3 points	3.0%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in ILCV and JHML, widest gap first
Country	More in ILCVMore in JHML	ILCV	JHML
United States	ILCV +0.1 points	99.2%	99.1%
Switzerland	ILCV +0.1 points	0.4%	0.3%
China	JHML +0.1 points	0.1%	0.2%
United Kingdom	JHML +0.1 points	0.1%	0.2%
Mexico	JHML +0.2 points	0.0%	0.1%
Brazil	ILCV +0.1 points	0.1%	0.0%
Ireland	Same weight	0.1%	0.1%
Sweden	Same weight	0.0%	0.0%
Finland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

ILCV34.4%
JHML23.9%

Securities held

ILCV372
JHML776

Asset class

ILCV: Equity
JHML: Equity

Holdings

Only in ILCV9
In both363
Only in JHML413

Only in ILCV

9 securities, 0.6% of ILCV by weight

Strategy Inc Class A0.15%
Mercadolibre0.12%
Kenvue0.10%
Royalty Pharma PLC Class A0.07%
Sunbelt Rentals Holdings Inc0.06%
Annaly Capital Management Reit0.04%
Liberty Media Series C0.02%
Liberty Media Series A<0.01%
Hologic Inc0.00%

Only in JHML

413 securities, 30.2% of JHML by weight

NVIDIA Corp3.85%
Broadcom Inc1.63%
Eli Lilly & Co1.22%
Advanced Micro Devices0.94%
Intel Corp0.50%
Applied Materials Inc0.40%
Lam Research Corp0.38%
Palantir Technologies Inc A0.34%
Kla Corp0.33%
General Electric0.33%
Palo Alto Networks Inc0.27%
Marvell Technology Inc0.26%
Seagate Technology Holdings0.24%
Netflix Inc0.23%
Western Digital Corp0.22%
Crowdstrike Holdings Inc A0.22%
Arista Networks Inc0.21%
Keysight Technologies In0.20%
Cummins Inc0.20%
Ge Vernova Inc0.20%
Ww Grainger Inc0.20%
Quanta Services Inc0.19%
Vertiv Holdings Co A0.19%
Ametek Inc0.18%
Royal Caribbean Cruises Ltd0.18%
Rockwell Automation Inc0.18%
Freeport Mcmoran Inc0.17%
Welltower Inc0.17%
Fastenal Co0.17%
Johnson Controls Internation0.17%
Cadence Design Sys Inc0.16%
Teradyne Inc0.16%
Amphenol Corp Class A0.16%
Cencora Inc0.15%
Datadog Inc Class A0.15%
Microchip Technology Inc0.15%
Motorola Solutions Inc0.15%
Flex Ltd0.15%
Intuitive Surgical Inc0.15%
Cintas Corp0.15%
Wabtec Corp0.14%
Moody’s Corp0.14%
Howmet Aerospace Inc0.14%
Jabil Inc0.14%
Nasdaq Inc0.14%
Hilton Worldwide Holdings In0.14%
Snowflake Inc0.14%
Corning Inc0.13%
Fortinet Inc0.13%
Ssc Government Mm Gvmxx0.13%

Weight gaps

The 100 widest of 363 Holdings in both funds.

Holding weights in ILCV and JHML, widest gap first
Holding	More in ILCVMore in JHML	ILCV	JHML
MicrosoftMSFT	ILCV +4.74 points	8.45%	3.71%
AppleAAPL	ILCV +2.86 points	7.24%	4.38%
Berkshire Hathaway Inc Class BBRK.B	ILCV +1.88 points	2.84%	0.96%
JPMorgan Chase & CoJPM	ILCV +1.44 points	2.60%	1.16%
Exxonmobil Holdings CorpXOM	ILCV +1.31 points	2.14%	0.83%
Johnson & JohnsonJNJ	ILCV +1.11 points	1.89%	0.78%
Alphabet Class CGOOG	ILCV +0.99 points	1.65%	0.66%
AbbVieABBV	ILCV +0.95 points	1.46%	0.51%
Meta Platforms Class AMETA	ILCV +0.79 points	2.50%	1.71%
ChevronCVX	ILCV +0.78 points	1.23%	0.45%
Cisco Systems IncCSCO	ILCV +0.71 points	1.22%	0.51%
Philip Morris InternationalPM	ILCV +0.64 points	0.92%	0.28%
UnitedHealth GroupUNH	ILCV +0.64 points	1.05%	0.41%
Coca-ColaKO	ILCV +0.63 points	1.03%	0.40%
Home DepotHD	ILCV +0.60 points	0.93%	0.33%
Merck & Co IncMRK	ILCV +0.60 points	1.03%	0.43%
Procter & GamblePG	ILCV +0.58 points	1.06%	0.48%
Bank of AmericaBAC	ILCV +0.53 points	0.94%	0.41%
Tesla IncTSLA	ILCV +0.49 points	1.24%	0.75%
Thermo Fisher ScientificTMO	ILCV +0.42 points	0.75%	0.33%
RtxRTX	ILCV +0.40 points	0.76%	0.36%
Linde PLCLIN	ILCV +0.41 points	0.66%	0.25%
Goldman Sachs GroupGS	ILCV +0.39 points	0.77%	0.38%
Amgen IncAMGN	ILCV +0.36 points	0.71%	0.35%
Nextera EnergyNEE	ILCV +0.36 points	0.49%	0.13%
Walt DisneyDIS	ILCV +0.34 points	0.54%	0.20%
International Business Machines CoIBM	ILCV +0.34 points	0.69%	0.35%
Wells FargoWFC	ILCV +0.34 points	0.73%	0.39%
Mcdonalds CorpMCD	ILCV +0.32 points	0.52%	0.20%
Morgan StanleyMS	ILCV +0.31 points	0.64%	0.33%
SalesforceCRM	ILCV +0.31 points	0.52%	0.21%
BlackRockBLK	ILCV +0.30 points	0.46%	0.15%
Abbott LaboratoriesABT	ILCV +0.30 points	0.51%	0.21%
CitigroupC	ILCV +0.29 points	0.60%	0.31%
Costco Wholesale CorpCOST	ILCV +0.29 points	0.71%	0.42%
PepsicoPEP	ILCV +0.29 points	0.52%	0.23%
Gilead SciencesGILD	ILCV +0.26 points	0.58%	0.32%
QualcommQCOM	ILCV +0.26 points	0.56%	0.30%
DanaherDHR	ILCV +0.26 points	0.43%	0.17%
Visa Class AV	ILCV +0.26 points	1.00%	0.74%
PfizerPFE	ILCV +0.26 points	0.49%	0.23%
Union PacificUNP	ILCV +0.25 points	0.51%	0.26%
Accenture PLC Class AACN	ILCV +0.24 points	0.43%	0.19%
ProgressivePGR	ILCV +0.24 points	0.38%	0.14%
Verizon Communications IncVZ	ILCV +0.24 points	0.52%	0.28%
Amazon.com IncAMZN	ILCV +0.23 points	3.08%	2.85%
AT&TT	ILCV +0.22 points	0.41%	0.19%
Prologis ReitPLD	ILCV +0.22 points	0.35%	0.13%
Altria Group IncMO	ILCV +0.21 points	0.36%	0.15%
WalmartWMT	ILCV +0.21 points	0.91%	0.70%
Medtronic PLCMDT	ILCV +0.20 points	0.35%	0.15%
Lowes Companies IncLOW	ILCV +0.20 points	0.33%	0.13%
ConocophillipsCOP	ILCV +0.19 points	0.51%	0.32%
SandiskSNDK	ILCV +0.19 points	0.29%	0.10%
Booking HoldingsBKNG	ILCV +0.19 points	0.32%	0.13%
ChubbCB	ILCV +0.18 points	0.36%	0.18%
NucorNUE	JHML +0.18 points	0.07%	0.25%
Adobe IncADBE	ILCV +0.18 points	0.28%	0.10%
Capital One Financial CorpCOF	ILCV +0.17 points	0.36%	0.19%
Cme Group Class ACME	ILCV +0.17 points	0.30%	0.13%
Lockheed MartinLMT	ILCV +0.17 points	0.36%	0.19%
United RentalsURI	JHML +0.16 points	0.07%	0.23%
EbayEBAY	JHML +0.16 points	0.09%	0.25%
Uber TechnologiesUBER	ILCV +0.16 points	0.27%	0.11%
American Tower ReitAMT	ILCV +0.16 points	0.25%	0.09%
Bristol Myers SquibbBMY	ILCV +0.16 points	0.36%	0.20%
Steel Dynamics IncSTLD	JHML +0.15 points	0.03%	0.18%
Automatic Data Processing IncADP	ILCV +0.15 points	0.32%	0.17%
IntuitINTU	ILCV +0.14 points	0.25%	0.11%
Cvs HealthCVS	ILCV +0.14 points	0.33%	0.19%
Entergy CorpETR	JHML +0.14 points	0.07%	0.21%
Ross Stores IncROST	JHML +0.14 points	0.06%	0.20%
SouthernSO	ILCV +0.13 points	0.30%	0.17%
Bank of New York Mellon CorpBNY	JHML +0.14 points	0.11%	0.24%
SlbSLB	ILCV +0.14 points	0.23%	0.09%
Vertex PharmaceuticalsVRTX	ILCV +0.13 points	0.27%	0.14%
Nxp Semiconductors NVNXPI	JHML +0.13 points	0.06%	0.19%
Cardinal HealthCAH	JHML +0.13 points	0.07%	0.20%
Netapp IncNTAP	JHML +0.12 points	0.08%	0.20%
Allstate CorpALL	JHML +0.12 points	0.09%	0.21%
KrogerKR	JHML +0.12 points	0.11%	0.23%
Intercontinental Exchange IncICE	ILCV +0.12 points	0.26%	0.14%
CsxCSX	JHML +0.12 points	0.09%	0.21%
3MMMM	ILCV +0.12 points	0.26%	0.14%
Charles SchwabSCHW	ILCV +0.11 points	0.27%	0.16%
State StreetSTT	JHML +0.11 points	0.08%	0.19%
American ExpressAXP	ILCV +0.11 points	0.35%	0.24%
Valero Energy CorpVLO	ILCV +0.11 points	0.31%	0.20%
Regeneron PharmaceuticalsREGN	ILCV +0.11 points	0.23%	0.12%
NewmontNEM	ILCV +0.10 points	0.33%	0.23%
Williams Sonoma IncWSM	JHML +0.11 points	0.05%	0.16%
Mondelez International Class AMDLZ	ILCV +0.11 points	0.23%	0.12%
GarminGRMN	JHML +0.11 points	0.04%	0.15%
Ulta Beauty IncULTA	JHML +0.11 points	0.03%	0.14%
Hartford Insurance GroupHIG	JHML +0.11 points	0.10%	0.21%
Us BancorpUSB	ILCV +0.11 points	0.27%	0.16%
Mckesson CorpMCK	ILCV +0.10 points	0.24%	0.14%
Te Connectivity PLCTEL	JHML +0.10 points	0.07%	0.17%
Cbre Group Class ACBRE	JHML +0.11 points	0.06%	0.17%
Pnc Financial Services GroupPNC	ILCV +0.10 points	0.26%	0.16%

All 372 ILCV holdings⁠All 777 JHML 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.

ILCV vs JHML Cost

Overpaying JHML vs ILCV

$5,103

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

ILCV 0.04%
$849
JHML 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

ILCV 0.04%
JHML 0.29%
Overpaying

Year by year

Year	ILCV	JHML	Overpaying
10	$73	$527	$454
20	$288	$2,044	$1,756
30	$849	$5,952	$5,103

Expense ratio

0.04%ILCV, cheaper
0.29%JHML

ILCV0.04%JHML0.29%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

JHML 43rd cheapest of 99 funds

ILCV vs JHML Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILCV 1.51%, better; JHML 0.95%
Payout (12M): ILCV $1.65; JHML $0.86
Last payment: ILCV $0.42; JHML $0.39
Ex-dividend: ILCV Sep 15, 2026; JHML Jun 26, 2026
Paid on: ILCV Sep 18, 2026; JHML Jun 30, 2026
Frequency: ILCV Quarterly; JHML Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

JHMLTwice a year · 19 paymentsAll JHML payments⁠

ILCV vs JHML Risk

Fall from peak · 5 years

ILCV
JHML

Risk facts

VolatilityStd dev, 3 years: ILCV 10.7%, betterJHML 12.0%
Return per unit of riskSharpe ratio, 3 years: ILCV 1.57, betterJHML 1.35
Worst fallMax drawdown, 5 years: ILCV −18.6%, betterJHML −23.5%
Market sensitivityBeta, 5 years: ILCV 0.82JHML 0.97; Market = 1

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