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ILCV vs MBCE

iShares Morningstar Value ETF

ILCVANYSE Arca

Monarch Blue Chips Elite Index ETF

MBCEFCboe

Overlap

5.9%by weight

Expense ratio

ILCV −0.97pt a year

ILCV0.04%MBCE1.01%

Avg volume · 30D

ILCV 1.2×the volume

ILCV24.4KMBCE19.9K

5Y return · a year

ILCV +8.5pt

ILCV+12.6%MBCE+4.1%

ILCV vs MBCE Performance

Oct 29, 2021 – Oct 30, 2026

+81.1%ILCV+22.0%MBCE

Oct 29, 2021 to Oct 30, 2026. ILCV +81.1%. MBCE +22.0%. Use the arrow keys to read each point.−20%0%40%60%Oct 2021Apr 2024Oct 2026
Expense ratio
ILCV 0.04%, better
MBCE 1.01%
Fund size
ILCV $1.37B
MBCE $199M
1Y total return
ILCV +21.0%, better
MBCE −2.4%
Yield (12M)
ILCV 1.51%, better
MBCE 0.30%
Holdings
ILCV 375
MBCE 14
Avg volume (30D)
ILCV 24.4K sh, better
MBCE 19.9K sh
NAV per share
ILCV $109.27
MBCE $36.49
52W range

ETF.net Grade

ILCV: Cost 99, Risk 90, Mission 82, Tradability 64, Holdings 39, Durability 82. MBCE: Cost 0, Risk 17, Mission 33, Tradability 28, Holdings not scored, Durability 36.
Pillar letters and Scores for ILCV, MBCE, with each pillar’s weight
PillarILCVMBCE
Cost30% weightA99HigherF0
Mission25% weightA82HigherD33
Risk15% weightA90HigherF17
Tradability15% weightB64HigherD28
Holdings10% weightD39Not scored
Durability5% weightA82HigherD36

Rank among US Multifactor funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ILCV and MBCE 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 MBCE 99th of 99 funds in the US Multifactor Category.

  1. Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
  2. Rank 2AILCViShares Morningstar Value ETFScore 81
  3. Rank 2AVYMVanguard High Dividend Yield ETFScore 81
  4. Rank 98FFCTRFirst Trust Lunt U.S. Factor Rotation ETFScore 19
  5. Rank 99FMBCEMonarch Blue Chips Elite Index ETFScore 18

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

MBCEFMonarch Blue Chips Elite Index 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.

MBCE Monarch screens the S&P 500 down to the blue chips its own in-house index rates highest on growth and profitability. A focused, rules-based cut of large-cap America, priced at 1.01% a year with no fee waiver, above the category median.

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.

MBCE The Fund seeks to track, before fees and expenses, the performance of the Monarch Blue Chips Elite 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.
  • MBCE Rules first: the index starts from established S&P 500 names and keeps the ones showing growth and profitability strength, so a published screen sets the portfolio, not a manager's mood.monarchfunds.com
  • One house, one playbook. Kingsview, the fund's adviser, is also the index provider, so the methodology is built in-house rather than licensed from an outside shop.monarchfunds.com
  • Plain-vanilla plumbing: a 1940 Act US stock fund trading since 2021, paying shareholders quarterly. No leverage, no options overlay, no offshore wrapper.

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.
  • MBCE Cost is the big trade-off: 1.01% a year, no waiver, above the category median. Multifactor peers VYM and ILCV charge 0.04%, LRGF 0.08%, all unwaived.
  • Thinly traded and small next to the giants of its group, so spreads and premiums to NAV can matter more at the moment you trade.
  • Effective June 3, 2026, the benchmark moved from the Monarch Blue Chips Core Index to the Blue Chips Elite Index, so earlier history reflects a different index.monarchfunds.com

Full ILCV profile⁠

Full MBCE profile⁠

ILCV vs MBCE Holdings

How ILCV and MBCE differ

Overlap by weight

5.9%

Shared holdings make up 22.3% of MBCE and 5.9% of ILCV.

Level by level

  • Holdings5 in both5.9%
  • Countryby domicile99.2%
  • Asset classEquity100%

Sector

No Sector split for MBCE.

Country, concentration and asset class

Country by domicile

Country weights in ILCV and MBCE, widest gap first
CountryMore in ILCVMore in MBCE
United StatesMBCE +0.8 points
Other countries (5)ILCV +0.8 points

Concentration

Weight in the 10 largest Holdings

  • ILCV34.4%
  • MBCE90.1%

Securities held

  • ILCV372
  • MBCE13

Asset class

ILCV
Equity
MBCE
Equity

Holdings

  • Only in ILCV367
  • In both5
  • Only in MBCE8

Only in ILCV

367 securities, 94.0% of ILCV by weight

  • Microsoft8.45%
  • Apple7.24%
  • Berkshire Hathaway Inc Class B2.84%

Only in MBCE

8 securities, 74.5% of MBCE by weight

  • Bbh Sweep Vehicle46.10%
  • Advanced Micro Devices, Inc.4.75%
  • Palantir Technologies, Inc.4.38%

Weight gaps

All 5 Holdings in both funds, largest gap first.

Holding weights in ILCV and MBCE, widest gap first
HoldingMore in ILCVMore in MBCE
Texas InstrumentTXNMBCE +4.66 points
Amgen IncAMGNMBCE +4.09 points
Tesla IncTSLAMBCE +3.58 points
Caterpillar IncCATMBCE +3.08 points
Amazon.com IncAMZNMBCE +1.02 points

All 372 ILCV holdings⁠All MBCE 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 MBCE Cost

Overpaying MBCE vs ILCV

$18,001

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

  • ILCV 0.04%

    $849

  • MBCE 1.01%

    $18,850

$10,000
30 years

Cost over time

  • ILCV 0.04%
  • MBCE 1.01%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MBCE $18,850ILCV $849

Year by year

YearILCVMBCEOverpaying
10$73$1,780$1,707
20$288$6,686$6,398
30$849$18,850$18,001

Expense ratio

  • 0.04%ILCV, cheaper
  • 1.01%MBCE
  • Middle half of US Multifactor funds
  • Median 0.29%

ILCV cheapest of 99 funds

MBCE 99th cheapest of 99 funds

ILCV vs MBCE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ILCV 1.51%, better
MBCE 0.30%
Payout (12M)
ILCV $1.65
MBCE $0.11
Last payment
ILCV $0.42
MBCE $0.04
Ex-dividend
ILCV Sep 15, 2026
MBCE Sep 24, 2026
Paid on
ILCV Sep 18, 2026
MBCE Sep 29, 2026
Frequency
ILCV Quarterly
MBCE Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ILCVQuarterly · 39 paymentsAll ILCV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.28; Jun 27, 2017 $0.30; Sep 26, 2017 $0.31; Dec 19, 2017 $0.34; Mar 22, 2018 $0.33; Jun 26, 2018 $0.35; Sep 26, 2018 $0.34; Dec 17, 2018 $0.39; Mar 20, 2019 $0.35; Jun 17, 2019 $0.34; Sep 24, 2019 $0.44; Dec 16, 2019 $0.45; Mar 25, 2020 $0.44; Jun 15, 2020 $0.40; Sep 23, 2020 $0.41; Dec 14, 2020 $0.40; Mar 25, 2021 $0.36; Jun 10, 2021 $0.25; Sep 24, 2021 $0.39; Dec 13, 2021 $0.40; Mar 24, 2022 $0.33; Jun 9, 2022 $0.27; Sep 26, 2022 $0.47; Dec 13, 2022 $0.40; Mar 23, 2023 $0.36; Jun 7, 2023 $0.30; Sep 26, 2023 $0.45; Dec 20, 2023 $0.48; Mar 21, 2024 $0.35; Jun 11, 2024 $0.37; Sep 25, 2024 $0.46; Dec 17, 2024 $0.43; Mar 18, 2025 $0.38; Jun 16, 2025 $0.40; Sep 16, 2025 $0.40; Dec 16, 2025 $0.48; Mar 17, 2026 $0.36; Jun 15, 2026 $0.39; Sep 15, 2026 $0.42. Use the arrow keys to read each point.$0$0.502017202020232026YTD
MBCETwice a year · 9 paymentsAll MBCE payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Mar 24, 2023 $0.03; Dec 20, 2023 $0.006; Dec 19, 2024 $0.001; Mar 27, 2025 $0.009; Jun 27, 2025 $0.04; Sep 26, 2025 $0.02; Dec 18, 2025 $0.03; Mar 26, 2026 $0.04; Sep 24, 2026 $0.04. Use the arrow keys to read each point.$0$0.502017202020232026YTD

ILCV vs MBCE Risk

Fall from peak · 5 years

  • ILCV
  • MBCE
Oct 29, 2021 to Oct 30, 2026. Worst fall: MBCE −30.6% · Oct 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ILCV 10.7%, betterMBCE 16.7%
Return per unit of riskSharpe ratio, 3 years
ILCV 1.57, betterMBCE 0.50
Worst fallMax drawdown, 5 years
ILCV −18.6%, betterMBCE −30.6%
Market sensitivityBeta, 5 years
ILCV 0.82MBCE 1.01

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