ILCV vs JPME: Grades, Fees and Holdings Compared

iShares Morningstar Value ETF

ILCVANYSE Arca

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPMEBNYSE Arca

Overlap

7.8%by weight

Expense ratio

ILCV −0.20pt a year

ILCV0.04%JPME0.24%

Avg volume · 30D

ILCV 1.9×the volume

ILCV24.4KJPME12.7K

10Y return · a year

ILCV +1.1pt

ILCV+12.5%JPME+11.4%

ILCV vs JPME Performance

Nov 2, 2021 – Nov 2, 2026

+79.6%ILCV+47.9%JPME

Expense ratio: ILCV 0.04%, better; JPME 0.24%
Fund size: ILCV $1.37B; JPME $493M
1Y total return: ILCV +20.9%, better; JPME +20.2%
Yield (12M): ILCV 1.51%; JPME 1.77%, better
Holdings: ILCV 375; JPME 345
Avg volume (30D): ILCV 24.4K sh, better; JPME 12.7K sh
NAV per share: ILCV $109.27; JPME $124.79
52W range

ETF.net Grade

Pillar letters and Scores for ILCV, JPME, with each pillar’s weight
Pillar	ILCV	JPME
Cost30% weight	A99Higher	B66
Mission25% weight	A82	A89Higher
Risk15% weight	A90Higher	B58
Tradability15% weight	B64Higher	D31
Holdings10% weight	D39	A80Higher
Durability5% weight	A82Higher	B66

Rank among US Multifactor funds

How we build Categories ›

Same Category. ILCV and JPME 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 JPME 31st 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 31BGSSCGoldman Sachs ActiveBeta U.S. Small Cap Equity ETFScore 66
Rank 31BJPMEJPMorgan Diversified Return U.S. Mid Cap Equity ETFScore 66
Rank 31BMFUSPIMCO RAFI Dynamic Multi-Factor U.S. Equity ETFScore 66

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

JPMEBJPMorgan Diversified Return U.S. Mid Cap Equity 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.

JPME Multifactor investing mostly happens in large caps. JPME takes J.P. Morgan's value, quality and momentum rules down a size tier, spreading roughly 400 mid-cap names across an index built to beat plain cap weighting on a risk-adjusted basis.

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.

JPME The fund seeks U.S. mid-cap equity exposure and aims for better risk-adjusted returns than a market-cap-weighted 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.

JPME Three factors in one ticker: value, quality and momentum, applied by published index rules rather than a stock picker's judgment.jpmorgan.com
Charges 0.24% a year, under the median fee in its multifactor peer group, which is unusual for a rules-heavy strategy fund.
Spread across roughly 400 mid-cap stocks, so no single holding carries the strategy.
Sticks tightly to its stated index, one of the closer implementations in a crowded multifactor field, and has been running since 2016.

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.

JPME Thinly traded next to the giant index funds, so bid-ask spreads and order size deserve more attention here than with a household-name ETF.
The index deliberately departs from cap weighting to chase better risk-adjusted results, which means stretches where it moves differently from a standard mid-cap benchmark.jpmorgan.com
Distributions land quarterly, not monthly, and this is a growth-oriented equity mandate rather than an income one.

Full ILCV profile⁠

Full JPME profile⁠

ILCV vs JPME Holdings

How ILCV and JPME differ

Overlap by weight

7.8%

Shared holdings make up 39.1% of JPME and 7.8% of ILCV.

Level by level

Holdings119 in both7.8%
Sector11 Sectors70.4%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in ILCV and JPME, widest gap first
Sector	More in ILCVMore in JPME	ILCV	JPME
Technology	ILCV +14.0 points	23.9%	9.9%
Real Estate	JPME +10.0 points	1.7%	11.7%
Financials	ILCV +9.3 points	17.7%	8.4%
Utilities	JPME +7.2 points	3.0%	10.2%
Materials	JPME +5.1 points	2.1%	7.2%
Communication	ILCV +4.8 points	8.8%	4.0%
Industrials	JPME +3.5 points	6.9%	10.4%
Consumer Staples	JPME +3.2 points	7.3%	10.5%
Health Care	ILCV +1.5 points	13.4%	11.9%
Energy	JPME +0.6 points	6.6%	7.2%
Consumer Discretionary	JPME +0.2 points	8.6%	8.8%

Country, concentration and asset class

Country by domicile

Country weights in ILCV and JPME, widest gap first
Country	More in ILCVMore in JPME	ILCV	JPME
United States	ILCV +0.4 points	99.2%	98.8%
Switzerland	Same weight	0.4%	0.4%
United Kingdom	JPME +0.2 points	0.1%	0.3%
Mexico	JPME +0.3 points	0.0%	0.3%
Brazil	ILCV +0.1 points	0.1%	0.0%
Belgium	JPME +0.1 points	0.0%	0.1%
India	JPME +0.1 points	0.0%	0.1%
China	ILCV +0.1 points	0.1%	0.0%
Ireland	ILCV +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

ILCV34.2%
JPME5.1%

Securities held

ILCV372
JPME343

Asset class

ILCV: Equity
JPME: Equity

Holdings

Only in ILCV253
In both119
Only in JPME224

Only in ILCV

253 securities, 92.0% of ILCV by weight

Microsoft8.36%
Apple7.18%
Amazon.com Inc3.05%
Berkshire Hathaway Inc Class B2.86%
JPMorgan Chase & Co2.56%
Meta Platforms Class A2.47%
Exxonmobil Holdings Corp2.20%
Alphabet Class A2.02%
Johnson & Johnson1.88%
Alphabet Class C1.63%
AbbVie1.49%
Micron Technology1.29%
Chevron1.26%
Tesla Inc1.23%
Cisco Systems Inc1.18%
Procter & Gamble1.07%
Merck & Co Inc1.05%
Coca-Cola1.05%
UnitedHealth Group1.04%
Visa Class A1.01%
Home Depot0.94%
Walmart0.94%
Philip Morris International0.93%
Bank of America0.93%
Rtx0.77%
Goldman Sachs Group0.74%
Thermo Fisher Scientific0.74%
Costco Wholesale Corp0.72%
Wells Fargo0.72%
Amgen Inc0.72%
International Business Machines Co0.69%
Linde PLC0.68%
Mastercard Class A0.63%
Morgan Stanley0.63%
Gilead Sciences0.61%
Citigroup0.59%
Walt Disney0.55%
Pepsico0.54%
Verizon Communications Inc0.53%
Conocophillips0.53%
Abbott Laboratories0.52%
Mcdonalds Corp0.52%
Salesforce0.52%
Union Pacific0.52%
Qualcomm0.50%
Nextera Energy0.50%
Pfizer0.50%
BlackRock0.46%
Accenture PLC Class A0.45%
Texas Instrument0.43%

Only in JPME

224 securities, 60.8% of JPME by weight

Skyworks Solutions Inc0.72%
Exelixis Inc Common Stock0.48%
Halozyme Therapeutics0.47%
Revvity Inc Common Stock0.47%
Host Hotels & Resorts0.47%
Apa Corp Common Stock USD0.46%
Brown-Forman Corp Common0.45%
Hasbro Inc Common Stock0.45%
Coca-Cola Consolidated0.45%
Pinnacle West Capital0.44%
Oge Energy Corp Common0.43%
Becton Dickinson & Co0.43%
Hf Sinclair Corp Common0.43%
Macy's Inc Common Stock0.43%
Reinsurance Group of0.43%
Medpace Holdings Inc0.43%
Lamar Advertising Co0.42%
Smucker(J.m.)co Com Stk0.42%
Fastenal Co Common Stock0.42%
Ww Grainger Inc Common0.42%
Lamb Weston Holdings Inc0.42%
Ametek Inc Common Stock0.41%
Ugi Corp Common Stock0.41%
Jones Lang Lasalle Inc0.41%
Omega Healthcare0.41%
Range Resources Corp0.41%
Roku Inc Common Stock USD0.41%
Ryder System Inc Common0.40%
Match Group Inc Common0.40%
Texas Roadhouse Inc0.40%
Caci International Inc0.40%
Lincoln Electric Holdings0.40%
Msc Industrial Direct Co0.40%
Vivmark Residential Reit0.39%
Idacorp Inc Common Stock0.38%
Avnet Inc Common Stock0.37%
Popular Inc Common Stock0.37%
Iridium Communications0.37%
Epr Properties Reit USD0.37%
Ralph Lauren Corp Common0.37%
Mdu Resources Group Inc0.37%
Carlisle Cos Inc Common0.37%
Clearway Ener-C Rg0.37%
Scotts Miracle-Gro0.37%
Gen Digital Inc Common0.36%
Globus Medical Inc Common0.36%
Regency Centers Corp0.36%
Casey's General Stores0.36%
Brixmor Property Group0.35%
Royal Gold Inc0.35%

Weight gaps

The 100 widest of 119 Holdings in both funds.

Holding weights in ILCV and JPME, widest gap first
Holding	More in ILCVMore in JPME	ILCV	JPME
Kimberly ClarkKMB	JPME +0.50 points	0.10%	0.60%
United TherapeuticsUTHR	JPME +0.43 points	0.03%	0.46%
Williams Sonoma IncWSM	JPME +0.41 points	0.05%	0.46%
Tyson Foods Inc Class ATSN	JPME +0.40 points	0.05%	0.45%
Reliance Steel & AluminumRS	JPME +0.39 points	0.03%	0.42%
ViatrisVTRS	JPME +0.39 points	0.06%	0.45%
Illumina IncILMN	JPME +0.38 points	0.04%	0.42%
Hershey FoodsHSY	JPME +0.38 points	0.02%	0.40%
International Flavors & FragrancesIFF	JPME +0.37 points	0.07%	0.44%
EvergyEVRG	JPME +0.37 points	0.06%	0.43%
Packaging Corp of AmericaPKG	JPME +0.38 points	0.03%	0.41%
Us Foods HoldingUSFD	JPME +0.37 points	0.03%	0.40%
Permian Resources Class APR	JPME +0.36 points	0.06%	0.42%
GarminGRMN	JPME +0.36 points	0.04%	0.40%
Snap On IncSNA	JPME +0.36 points	0.03%	0.39%
Labcorp HoldingsLH	JPME +0.35 points	0.09%	0.44%
OvintivOVV	JPME +0.35 points	0.06%	0.41%
First Citizens Bancshares Class AFCNCA	JPME +0.35 points	0.04%	0.39%
Royalty Pharma PLC Class ARPRX	JPME +0.35 points	0.07%	0.42%
Incyte CorpINCY	JPME +0.35 points	0.03%	0.38%
Tenet Healthcare CorpTHC	JPME +0.35 points	0.06%	0.41%
Quest Diagnostics IncDGX	JPME +0.35 points	0.08%	0.43%
Kraft HeinzKHC	JPME +0.35 points	0.06%	0.41%
NucorNUE	JPME +0.34 points	0.07%	0.41%
Cardinal HealthCAH	JPME +0.35 points	0.07%	0.42%
Church and Dwight IncCHD	JPME +0.34 points	0.04%	0.38%
Alliant Energy CorpLNT	JPME +0.34 points	0.05%	0.39%
Performance Food GroupPFGC	JPME +0.34 points	0.04%	0.38%
Netapp IncNTAP	JPME +0.33 points	0.07%	0.40%
NisourceNI	JPME +0.33 points	0.03%	0.36%
Entergy CorpETR	JPME +0.33 points	0.07%	0.40%
Wec Energy GroupWEC	JPME +0.33 points	0.06%	0.39%
Simon Property Group Reit IncSPG	JPME +0.33 points	0.10%	0.43%
Consolidated EdisonED	JPME +0.33 points	0.12%	0.45%
Eversource EnergyES	JPME +0.33 points	0.07%	0.40%
Steel Dynamics IncSTLD	JPME +0.32 points	0.03%	0.35%
Atmos EnergyATO	JPME +0.32 points	0.04%	0.36%
Technipfmc PLCFTI	JPME +0.32 points	0.02%	0.34%
F5FFIV	JPME +0.31 points	0.03%	0.34%
Cf Industries Holdings IncCF	JPME +0.31 points	0.05%	0.36%
Agilent Technologies IncA	JPME +0.31 points	0.07%	0.38%
Ppl CorpPPL	JPME +0.30 points	0.05%	0.35%
TapestryTPR	JPME +0.31 points	0.02%	0.33%
W. P. Carey ReitWPC	JPME +0.29 points	0.04%	0.33%
Expand EnergyEXE	JPME +0.29 points	0.02%	0.31%
Centerpoint EnergyCNP	JPME +0.29 points	0.04%	0.33%
Darden Restaurants IncDRI	JPME +0.28 points	0.04%	0.32%
Firstenergy CorpFE	JPME +0.28 points	0.07%	0.35%
United Airlines HoldingsUAL	JPME +0.28 points	0.10%	0.38%
Kimco Realty Reit CorpKIM	JPME +0.28 points	0.05%	0.33%
VylorVYLR	JPME +0.28 points	0.06%	0.34%
Td SynnexSNX	JPME +0.28 points	0.03%	0.31%
General Mills IncGIS	JPME +0.28 points	0.05%	0.33%
Charter Communications Class ACHTR	JPME +0.28 points	0.03%	0.31%
LoewsL	JPME +0.28 points	0.03%	0.31%
Constellation Brands Class ASTZ	JPME +0.27 points	0.06%	0.33%
ResmedRMD	JPME +0.28 points	0.04%	0.32%
Public Service Enterprise GroupPEG	JPME +0.27 points	0.07%	0.34%
BiogenBIIB	JPME +0.27 points	0.11%	0.38%
Fox Class AFOXA	JPME +0.27 points	0.04%	0.31%
Hartford Insurance GroupHIG	JPME +0.27 points	0.10%	0.37%
Ameriprise Finance IncAMP	JPME +0.27 points	0.07%	0.34%
EqtEQT	JPME +0.27 points	0.06%	0.33%
American Water WorksAWK	JPME +0.27 points	0.05%	0.32%
Lyondellbasell Industries Class ALYB	JPME +0.27 points	0.05%	0.32%
AmerenAEE	JPME +0.27 points	0.05%	0.32%
Synchrony FinancialSYF	JPME +0.26 points	0.07%	0.33%
Dte EnergyDTE	JPME +0.26 points	0.08%	0.34%
Ss and C Technologies HoldingsSSNC	JPME +0.26 points	0.05%	0.31%
Archer Daniels MidlandADM	JPME +0.26 points	0.10%	0.36%
State StreetSTT	JPME +0.26 points	0.07%	0.33%
Edison InternationalEIX	JPME +0.26 points	0.06%	0.32%
PultegroupPHM	JPME +0.25 points	0.07%	0.32%
Leidos HoldingsLDOS	JPME +0.25 points	0.05%	0.30%
Devon EnergyDVN	JPME +0.25 points	0.16%	0.41%
Citizens Financial Group IncCFG	JPME +0.25 points	0.04%	0.29%
Expedia GroupEXPE	JPME +0.25 points	0.04%	0.29%
Essex Property Trust ReitESS	JPME +0.24 points	0.02%	0.26%
Exelon CorpEXC	JPME +0.23 points	0.14%	0.37%
KrogerKR	JPME +0.23 points	0.11%	0.34%
Regions FinancialRF	JPME +0.23 points	0.07%	0.30%
Dupont De NemoursDD	JPME +0.22 points	0.06%	0.28%
Bunge Global SABG	JPME +0.22 points	0.04%	0.26%
KeycorpKEY	JPME +0.22 points	0.06%	0.28%
Fifth Third BancorpFITB	JPME +0.22 points	0.08%	0.30%
Annaly Capital Management ReitNLY	JPME +0.22 points	0.04%	0.26%
M&T BankMTB	JPME +0.22 points	0.09%	0.31%
Alcoa CorpAA	JPME +0.21 points	0.03%	0.24%
Keurig Dr Pepper IncKDP	JPME +0.21 points	0.14%	0.35%
SyscoSYY	JPME +0.21 points	0.11%	0.32%
Huntington Bancshares IncHBAN	JPME +0.21 points	0.09%	0.30%
Nrg Energy IncNRG	JPME +0.21 points	0.03%	0.24%
Vici Pptys IncVICI	JPME +0.20 points	0.08%	0.28%
Albemarle CorpALB	JPME +0.21 points	0.01%	0.22%
PG&E CorpPCG	JPME +0.20 points	0.08%	0.28%
Kinder MorganKMI	JPME +0.20 points	0.19%	0.39%
Hewlett Packard EnterpriseHPE	JPME +0.19 points	0.21%	0.40%
Realty Income ReitO	JPME +0.18 points	0.10%	0.28%
HalliburtonHAL	JPME +0.18 points	0.09%	0.27%
Xcel Energy IncXEL	JPME +0.18 points	0.14%	0.32%

All 372 ILCV holdings⁠All 342 JPME 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 JPME Cost

Overpaying JPME vs ILCV

$4,110

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

ILCV 0.04%
$849
JPME 0.24%
$4,959

Amount$10,000

Years30 years

Cost over time

ILCV 0.04%
JPME 0.24%
Overpaying

Year by year

Year	ILCV	JPME	Overpaying
10	$73	$437	$364
20	$288	$1,699	$1,411
30	$849	$4,959	$4,110

Expense ratio

0.04%ILCV, cheaper
0.24%JPME

ILCV0.04%JPME0.24%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

JPME 35th cheapest of 99 funds

ILCV vs JPME Dividends

Last 12 months to Nov 2, 2026

Yield (12M): ILCV 1.51%; JPME 1.77%, better
Payout (12M): ILCV $1.65; JPME $2.22
Last payment: ILCV $0.42; JPME $0.58
Ex-dividend: ILCV Sep 15, 2026; JPME Sep 22, 2026
Paid on: ILCV Sep 18, 2026; JPME Sep 24, 2026
Frequency: ILCV Quarterly; JPME Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

JPMEQuarterly · 36 paymentsAll JPME payments⁠

ILCV vs JPME Risk

Fall from peak · 5 years

ILCV
JPME

Risk facts

VolatilityStd dev, 3 years: ILCV 10.7%, betterJPME 13.1%
Return per unit of riskSharpe ratio, 3 years: ILCV 1.57, betterJPME 1.00
Worst fallMax drawdown, 5 years: ILCV −18.6%, betterJPME −19.3%
Market sensitivityBeta, 5 years: ILCV 0.82JPME 0.77; Market = 1

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