ILCV vs JPSE

ILCVAiShares Morningstar Value ETF

JPSEBJPMorgan Diversified Return U.S. Small 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.

JPSE Small-cap exposure built to a rulebook instead of to market cap: JPMorgan spreads roughly 600 stocks around, aiming for better risk-adjusted results than a cap-weighted index, at 0.29% a year.

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.

JPSE The fund seeks U.S. small-cap equity exposure while pursuing potentially 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.

• JPSE 0.29% a year, well under the typical fee in its US small-cap peer group. Cost is the one input you control up front, and this one is priced like an index fund.
• Roughly 600 holdings, so no single small-cap stumble drives the fund. Spreading risk is the design, not a byproduct.
• The mandate is explicit: chase small-cap returns without inheriting a cap-weighted index's concentration in whatever the market has already bid up.
• Running since 2016 and one of the stronger implementations in a crowded small-cap field. It also pays out quarterly.

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.

• JPSE It trades thinly next to the big index small-cap names, so spreads can widen. Limit orders are the standard tool for funds that trade like this.
• Not the cheapest strong option here: DUHP charges 0.20%, AVUV and AVSC 0.25%.
• Weighting by rules rather than size means stretches where it looks nothing like the Russell 2000, up or down. That gap is the point, but it can test patience.

Full ILCV profile⁠

Full JPSE profile⁠