ILCV vs JHMM: Grades, Fees and Holdings Compared

iShares Morningstar Value ETF

ILCVANYSE Arca

John Hancock Multifactor Mid Cap ETF

JHMMBNYSE Arca

Overlap

9.5%by weight

Expense ratio

ILCV −0.37pt a year

ILCV0.04%JHMM0.41%

Avg volume · 30D

JHMM 8.9×the volume

ILCV25.1KJHMM224K

10Y return · a year

ILCV +0.6pt

ILCV+12.2%JHMM+11.6%

ILCV vs JHMM Performance

Nov 9, 2021 – Nov 9, 2026

+79.9%ILCV+39.1%JHMM

Expense ratio: ILCV 0.04%, better; JHMM 0.41%
Fund size: ILCV $1.37B; JHMM $6B
1Y total return: ILCV +22.4%, better; JHMM +16.2%
Yield (12M): ILCV 1.50%, better; JHMM 0.89%
Holdings: ILCV 374; JHMM 659
Avg volume (30D): ILCV 25.1K sh; JHMM 224K sh, better
NAV per share: ILCV $108.28; JHMM $72.19
52W range

ETF.net Grade

Pillar letters and Scores for ILCV, JHMM, with each pillar’s weight
Pillar	ILCV	JHMM
Cost30% weight	A99Higher	D30
Mission25% weight	A82	A100Higher
Risk15% weight	A91Higher	C46
Tradability15% weight	B62	A77Higher
Holdings10% weight	D39	A87Higher
Durability5% weight	A82Higher	A77

Rank among US Multifactor funds

How we build Categories ›

Same Category. ILCV and JHMM 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 JHMM 36th 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 36BANGUSEI Ang Research Enhanced U.S. Large Cap ETFScore 64
Rank 36BJHMMJohn Hancock Multifactor Mid Cap ETFScore 64
Rank 38BSPGPInvesco S&P 500 GARP ETFScore 63

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

JHMMBJohn Hancock Multifactor Mid 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.

JHMM The mid-cap slice of John Hancock's Dimensional-built index suite: roughly 700 stocks sorted by size, price and profitability instead of market cap alone, at 0.41% net of a waiver through July 31, 2027.

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.

JHMM The fund seeks to track, before fees and expenses, the performance of the John Hancock Dimensional Mid 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.

JHMM The index is developed and maintained by Dimensional Fund Advisors, which classifies stocks by market capitalization, relative price and profitability rather than size alone.jhinvestments.com
Wide net, not a concentrated bet: roughly 700 holdings drawn from companies ranked between the 200th and 951st largest in the US at reconstitution.jhinvestments.com
Tracking of its index has been among the tightest in a multifactor peer group of roughly 100 funds.
A multi-billion-dollar fund trading since its 2015 launch, so there is a decade of live history behind the methodology.

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.

JHMM Costs 0.41% net of a waiver through July 31, 2027 (0.42% gross), above the median for multifactor funds; plain large-cap screens like VYM at 0.04% sit far below.
Leaning toward cheaper, more profitable, smaller names means results can drift from a plain mid-cap index for long stretches, in either direction.jhinvestments.com
Distributions arrive once or twice a year, not quarterly or monthly.

Full ILCV profile⁠

Full JHMM profile⁠

ILCV vs JHMM Holdings

How ILCV and JHMM differ

Overlap by weight

9.5%

Shared holdings make up 40.9% of JHMM and 9.5% of ILCV.

Level by level

Holdings175 in both9.5%
Sector11 Sectors80.6%
Countryby domicile98.6%
Asset classStocks100%

Sector

Sector weights in ILCV and JHMM, widest gap first
Sector	Gap	ILCV	JHMM
Industrials	JHMM +9.7 points	6.9%	16.6%
Technology	ILCV +6.4 points	23.0%	16.6%
Communication	ILCV +6.2 points	8.5%	2.3%
Real Estate	JHMM +3.8 points	1.7%	5.5%
Consumer Staples	ILCV +3.2 points	7.6%	4.4%
Financials	ILCV +2.6 points	18.2%	15.6%
Utilities	JHMM +2.2 points	3.1%	5.3%
Materials	JHMM +1.9 points	2.1%	4.0%
Consumer Discretionary	JHMM +1.8 points	8.9%	10.7%
Energy	ILCV +1.0 points	6.1%	5.1%
Health Care	JHMM +0.2 points	13.8%	14.0%

Country, concentration and asset class

Country by domicile

Country weights in ILCV and JHMM, widest gap first
Country	Gap	ILCV	JHMM
United States	ILCV +1.1 points	99.2%	98.1%
United Kingdom	JHMM +0.5 points	0.1%	0.6%
Other countries (9)	JHMM +0.6 points	0.7%	1.3%

Concentration

Weight in the 10 largest Holdings

ILCV34.8%
JHMM4.6%

Securities held

ILCV371
JHMM659

Asset class

ILCV: Stocks
JHMM: Stocks

Holdings

Only in ILCV196
In both175
Only in JHMM484

Only in ILCV

196 securities, 90.3% of ILCV by weight

Microsoft8.58%
Apple7.20%
Amazon.com Inc3.32%
Berkshire Hathaway Inc Class B3.04%
JPMorgan Chase & Co2.56%
Meta Platforms Class A2.47%
Alphabet Class A2.08%
Exxonmobil Holdings Corp1.97%
Johnson & Johnson1.92%
Alphabet Class C1.68%
AbbVie1.48%
Chevron1.15%
Tesla Inc1.11%
Procter & Gamble1.11%
Coca-Cola1.08%
Cisco Systems Inc1.07%
Merck & Co Inc1.04%
Visa Class A1.04%
UnitedHealth Group1.02%
Micron Technology1.01%
Home Depot0.99%
Walmart0.96%
Bank of America0.92%
Philip Morris International0.89%
Costco Wholesale Corp0.76%
Thermo Fisher Scientific0.74%
Rtx0.74%
Wells Fargo0.73%
Goldman Sachs Group0.73%
Amgen Inc0.72%
Linde PLC0.68%
International Business Machines Co0.67%
Mastercard Class A0.65%
Morgan Stanley0.62%
Gilead Sciences0.60%
Walt Disney0.58%
Citigroup0.58%
Mcdonalds Corp0.56%
Pepsico0.56%
Abbott Laboratories0.55%
Verizon Communications Inc0.55%
Nextera Energy0.52%
Qualcomm0.51%
Union Pacific0.50%
Salesforce0.49%
Pfizer0.48%
BlackRock0.47%
Conocophillips0.47%
Accenture PLC Class A0.46%
AT&T0.43%

Only in JHMM

484 securities, 59.1% of JHMM by weight

Keysight Technologies In0.47%
Ametek Inc0.46%
Wabtec Corp0.44%
Rockwell Automation Inc0.37%
Jones Lang Lasalle Inc0.36%
Nasdaq Inc0.36%
Comfort Systems Usa Inc0.34%
Exelixis Inc0.34%
Best Buy Co Inc0.33%
Coherent Corp0.33%
Renaissancere Holdings Ltd0.32%
Twilio Inc A0.31%
Flex Ltd0.31%
Okta Inc0.31%
Take Two Interactive Softwre0.30%
Teradyne Inc0.30%
Charles River Laboratories0.29%
Emcor Group Inc0.29%
Cboe Global Markets Inc0.29%
Interactive Brokers Gro Class A0.28%
Zebra Technologies Corp Class A0.28%
Toll Brothers Inc0.28%
Ciena Corp0.27%
Jabil Inc0.27%
Apa Corp0.27%
Dexcom Inc0.27%
Revvity Inc0.27%
Jazz Pharmaceuticals PLC0.26%
Casey’s General Stores Inc0.26%
Hubbell Inc0.26%
West Pharmaceutical Services0.26%
Solventum Corp0.25%
Vulcan Materials Co0.25%
Mks Inc0.25%
Gen Digital Inc0.25%
Encompass Health Corp0.25%
Ati Inc0.25%
Entegris Inc0.24%
Reinsurance Group of America0.24%
Hasbro Inc0.24%
Allegion PLC0.24%
Pinnacle West Capital0.24%
Assurant Inc0.24%
Natera Inc0.24%
Everpure Inc A0.23%
Qnity Electronics Inc0.23%
Martin Marietta Materials0.23%
Neurocrine Biosciences Inc0.23%
Xpo Inc0.23%
Ally Financial Inc0.23%

Weight gaps

The 100 widest of 175 Holdings in both funds.

Holding weights in ILCV and JHMM, widest gap first
Holding	Gap	ILCV	JHMM
EbayEBAY	JHMM +0.43 points	0.10%	0.53%
Cardinal HealthCAH	JHMM +0.42 points	0.08%	0.50%
Entergy CorpETR	JHMM +0.39 points	0.07%	0.46%
State StreetSTT	JHMM +0.37 points	0.07%	0.44%
Hartford Insurance GroupHIG	JHMM +0.33 points	0.11%	0.44%
Steel Dynamics IncSTLD	JHMM +0.32 points	0.03%	0.35%
United TherapeuticsUTHR	JHMM +0.32 points	0.03%	0.34%
Labcorp HoldingsLH	JHMM +0.31 points	0.09%	0.40%
GarminGRMN	JHMM +0.32 points	0.04%	0.36%
Fifth Third BancorpFITB	JHMM +0.31 points	0.08%	0.39%
Quest Diagnostics IncDGX	JHMM +0.30 points	0.08%	0.38%
ViatrisVTRS	JHMM +0.31 points	0.06%	0.37%
Williams Sonoma IncWSM	JHMM +0.30 points	0.05%	0.35%
Netapp IncNTAP	JHMM +0.29 points	0.06%	0.35%
Tenet Healthcare CorpTHC	JHMM +0.29 points	0.07%	0.36%
Ulta Beauty IncULTA	JHMM +0.29 points	0.03%	0.32%
Devon EnergyDVN	JHMM +0.28 points	0.13%	0.41%
Waters CorpWAT	JHMM +0.28 points	0.04%	0.32%
Nextpower IncNXT	JHMM +0.27 points	0.02%	0.29%
Synchrony FinancialSYF	JHMM +0.27 points	0.07%	0.34%
ResmedRMD	JHMM +0.26 points	0.05%	0.31%
Reliance Steel & AluminumRS	JHMM +0.27 points	0.03%	0.30%
Carnival Corp LtdCCL	JHMM +0.26 points	0.07%	0.33%
TapestryTPR	JHMM +0.26 points	0.03%	0.29%
Vivmark ResidentialVMRK	JHMM +0.26 points	0.02%	0.28%
PultegroupPHM	JHMM +0.26 points	0.07%	0.33%
Mettler ToledoMTD	JHMM +0.25 points	0.05%	0.30%
Eversource EnergyES	JHMM +0.25 points	0.08%	0.33%
Agilent Technologies IncA	JHMM +0.26 points	0.07%	0.33%
Technipfmc PLCFTI	JHMM +0.26 points	0.02%	0.28%
Us Foods HoldingUSFD	JHMM +0.26 points	0.03%	0.29%
Northern TrustNTRS	JHMM +0.25 points	0.04%	0.30%
Edison InternationalEIX	JHMM +0.25 points	0.06%	0.31%
Omnicom Group IncOMC	JHMM +0.25 points	0.07%	0.32%
Raymond JamesRJF	JHMM +0.25 points	0.04%	0.29%
Willis Towers WatsonWTW	JHMM +0.25 points	0.05%	0.30%
Cheniere EnergyLNG	JHMM +0.24 points	0.17%	0.41%
Expeditors International of WashinEXPD	JHMM +0.25 points	0.03%	0.28%
DoverDOV	JHMM +0.25 points	0.03%	0.28%
CorpayCPAY	JHMM +0.25 points	0.04%	0.29%
Wesco InternationalWCC	JHMM +0.25 points	0.02%	0.27%
Cognizant Technology Solutions ClaCTSH	JHMM +0.24 points	0.08%	0.32%
M&T BankMTB	JHMM +0.24 points	0.09%	0.33%
Cbre Group Class ACBRE	JHMM +0.24 points	0.07%	0.31%
Ge Healthcare TechnologiesGEHC	JHMM +0.24 points	0.11%	0.35%
Teledyne TechnologiesTDY	JHMM +0.24 points	0.03%	0.27%
Arch Capital GroupACGL	JHMM +0.23 points	0.10%	0.33%
Centerpoint EnergyCNP	JHMM +0.23 points	0.04%	0.27%
Ball CorpBALL	JHMM +0.23 points	0.02%	0.25%
Darden Restaurants IncDRI	JHMM +0.23 points	0.04%	0.27%
First SolarFSLR	JHMM +0.22 points	0.03%	0.25%
Markel GroupMKL	JHMM +0.23 points	0.02%	0.25%
F5FFIV	JHMM +0.23 points	0.02%	0.25%
Cf Industries Holdings IncCF	JHMM +0.23 points	0.05%	0.28%
Citizens Financial Group IncCFG	JHMM +0.22 points	0.04%	0.26%
Iron Mountain IncIRM	JHMM +0.22 points	0.03%	0.25%
Centene CorpCNC	JHMM +0.22 points	0.05%	0.27%
Expedia GroupEXPE	JHMM +0.22 points	0.04%	0.26%
PtcPTC	JHMM +0.22 points	0.02%	0.24%
Cincinnati FinancialCINF	JHMM +0.22 points	0.04%	0.26%
Iqvia Holdings IncIQV	JHMM +0.21 points	0.13%	0.34%
Dollar Tree IncDLTR	JHMM +0.21 points	0.07%	0.28%
EvergyEVRG	JHMM +0.21 points	0.06%	0.27%
NvrNVR	JHMM +0.21 points	0.05%	0.26%
AmerenAEE	JHMM +0.21 points	0.05%	0.26%
Expand EnergyEXE	JHMM +0.21 points	0.02%	0.23%
Permian Resources Class APR	JHMM +0.20 points	0.05%	0.25%
KrogerKR	JHMM +0.20 points	0.11%	0.31%
Diamondback EnergyFANG	JHMM +0.21 points	0.09%	0.30%
Huntington Bancshares IncHBAN	JHMM +0.20 points	0.09%	0.29%
Illumina IncILMN	JHMM +0.20 points	0.03%	0.23%
Regions FinancialRF	JHMM +0.20 points	0.07%	0.27%
Prudential Financial IncPRU	JHMM +0.20 points	0.12%	0.32%
SterisSTE	JHMM +0.20 points	0.04%	0.24%
BiogenBIIB	JHMM +0.20 points	0.10%	0.30%
VeraltoVLTO	JHMM +0.20 points	0.03%	0.23%
Verisk AnalyticsVRSK	JHMM +0.19 points	0.03%	0.22%
Snap On IncSNA	JHMM +0.19 points	0.03%	0.22%
Trimble IncTRMB	JHMM +0.19 points	0.01%	0.20%
ModernaMRNA	JHMM +0.19 points	0.26%	0.45%
Firstenergy CorpFE	JHMM +0.19 points	0.07%	0.26%
Wec Energy GroupWEC	JHMM +0.19 points	0.06%	0.25%
Zoom Communications Class AZM	JHMM +0.19 points	0.06%	0.25%
PG&E CorpPCG	JHMM +0.18 points	0.08%	0.26%
Packaging Corp of AmericaPKG	JHMM +0.19 points	0.03%	0.22%
Amcor PLCAMCR	JHMM +0.18 points	0.06%	0.24%
Extra Space Storage ReitEXR	JHMM +0.18 points	0.06%	0.24%
NisourceNI	JHMM +0.18 points	0.03%	0.21%
Ingersoll RandIR	JHMM +0.17 points	0.05%	0.22%
First Citizens Bancshares Class AFCNCA	JHMM +0.17 points	0.04%	0.21%
LoewsL	JHMM +0.18 points	0.03%	0.21%
EqtEQT	JHMM +0.17 points	0.06%	0.23%
East West BancorpEWBC	JHMM +0.17 points	0.05%	0.22%
Ppg IndustriesPPG	JHMM +0.17 points	0.08%	0.25%
Td SynnexSNX	JHMM +0.17 points	0.03%	0.20%
Revolution MedicinesRVMD	JHMM +0.17 points	0.06%	0.23%
Dte EnergyDTE	JHMM +0.17 points	0.08%	0.25%
Smurfit Westrock PLCSW	JHMM +0.16 points	0.07%	0.23%
Genuine PartsGPC	JHMM +0.16 points	0.05%	0.21%
Zimmer Biomet HoldingsZBH	JHMM +0.16 points	0.06%	0.22%

All 371 ILCV holdings⁠All 660 JHMM 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 JHMM Cost

Overpaying JHMM vs ILCV

$7,432

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

ILCV 0.04%
$849
JHMM 0.41%
$8,281

Amount$10,000

Years30 years

Cost over time

ILCV 0.04%
JHMM 0.41%
Overpaying

Year by year

Year	ILCV	JHMM	Overpaying
10	$73	$741	$668
20	$288	$2,860	$2,572
30	$849	$8,281	$7,432

Expense ratio

0.04%ILCV, cheaper
0.41%JHMM

ILCV0.04%JHMM0.41%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

JHMM 69th cheapest of 99 funds

ILCV vs JHMM Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ILCV 1.50%, better; JHMM 0.89%
Payout (12M): ILCV $1.65; JHMM $0.66
Last payment: ILCV $0.42; JHMM $0.29
Ex-dividend: ILCV Sep 15, 2026; JHMM Jun 26, 2026
Paid on: ILCV Sep 18, 2026; JHMM Jun 30, 2026
Frequency: ILCV Quarterly; JHMM Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

JHMMTwice a year · 19 paymentsAll JHMM payments⁠

ILCV vs JHMM Risk

Fall from peak · 5 years

ILCV
JHMM

Risk facts

VolatilityStd dev, 3 years: ILCV 10.7%, betterJHMM 14.4%
Return per unit of riskSharpe ratio, 3 years: ILCV 1.57, betterJHMM 0.99
Worst fallMax drawdown, 5 years: ILCV −18.6%, betterJHMM −24.1%
Market sensitivityBeta, 5 years: ILCV 0.82JHMM 0.98; Market = 1

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