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ILCV vs MOAT

iShares Morningstar Value ETF

ILCVANYSE Arca

VanEck Morningstar Wide Moat ETF

MOATCCboe

Overlap

Expense ratio

ILCV −0.42pt a year

ILCV0.04%MOAT0.46%

Avg volume · 30D

MOAT 21.5×the volume

ILCV24.4KMOAT524K

10Y return · a year

MOAT +2.1pt

ILCV+12.3%MOAT+14.4%

ILCV vs MOAT Performance

Oct 29, 2021 – Oct 30, 2026

+81.1%ILCV+56.9%MOAT

Oct 29, 2021 to Oct 30, 2026. ILCV +81.1%. MOAT +56.9%. Use the arrow keys to read each point.−20%0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
ILCV 0.04%, better
MOAT 0.46%
Fund size
ILCV $1.37B
MOAT $11.8B
1Y total return
ILCV +21.0%, better
MOAT +12.0%
Yield (12M)
ILCV 1.51%, better
MOAT 1.25%
Holdings
ILCV 375
MOAT 56
Avg volume (30D)
ILCV 24.4K sh
MOAT 524K sh, better
NAV per share
ILCV $109.27
MOAT $112.36
52W range

ETF.net Grade

ILCV: Cost 99, Risk 90, Mission 82, Tradability 64, Holdings 39, Durability 82. MOAT: Cost 28, Risk 31, Mission 69, Tradability 96, Holdings 44, Durability 83.
Pillar letters and Scores for ILCV, MOAT, with each pillar’s weight
PillarILCVMOAT
Cost30% weightA99HigherD28
Mission25% weightA82HigherB69
Risk15% weightA90HigherD31
Tradability15% weightB64A96Higher
Holdings10% weightD39C44Higher
Durability5% weightA82A83Higher

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 MOAT 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 MOAT 53rd 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 53CFTCSFirst Trust Capital Strength ETFScore 53
  5. Rank 53CMOATVanEck Morningstar Wide Moat ETFScore 53
  6. Rank 53BSEUSSEI QiM U.S. Equity Factor Allocation Active ETFScore 53

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

MOATCVanEck Morningstar Wide Moat 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.

MOAT Analyst judgment, not just a formula. MOAT holds about 60 US companies that Morningstar's equity research flags as having durable competitive advantages, and it only buys the ones the research also calls attractively priced.

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.

MOAT MOAT seeks to replicate the price and yield performance of the Morningstar Wide Moat Focus Index, which targets attractively priced companies with sustainable competitive advantages identified through Morningstar equity research.

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.
  • MOAT Two gates, not one: a company needs a sustainable competitive advantage from Morningstar's research and an attractive price. Quality alone doesn't earn a slot.
  • Running since 2012 and now a multi-billion-dollar fund, so the strategy has been through several full market cycles with real money behind it.
  • Actively traded and among the easier funds in its multifactor peer group to move in and out of at tight spreads.
  • Sticks to its stated job: a US equity index fund built on the quality-plus-value screen it advertises, sitting in the upper half of a 100-plus fund cohort.

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.
  • MOAT 0.46% a year is real money next to plain value beta: VONV charges 0.06% and VYM 0.04%. Analyst-driven research carries a price tag.
  • About 60 names, chosen on valuation. That is a portfolio built to look different from the broad market, in both directions.
  • Distributions come annually or semiannually, so it isn't built as a regular income stream.

Full ILCV profile⁠

Full MOAT profile⁠

ILCV vs MOAT 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 MOAT Cost

Overpaying MOAT vs ILCV

$8,381

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

  • ILCV 0.04%

    $849

  • MOAT 0.46%

    $9,230

$10,000
30 years

Cost over time

  • ILCV 0.04%
  • MOAT 0.46%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530MOAT $9,230ILCV $849

Year by year

YearILCVMOATOverpaying
10$73$830$757
20$288$3,195$2,907
30$849$9,230$8,381

Expense ratio

  • 0.04%ILCV, cheaper
  • 0.46%MOAT
  • Middle half of US Multifactor funds
  • Median 0.29%

ILCV cheapest of 99 funds

MOAT 72nd cheapest of 99 funds

ILCV vs MOAT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ILCV 1.51%, better
MOAT 1.25%
Payout (12M)
ILCV $1.65
MOAT $1.40
Last payment
ILCV $0.42
MOAT $1.40
Ex-dividend
ILCV Sep 15, 2026
MOAT Dec 22, 2025
Paid on
ILCV Sep 18, 2026
MOAT Dec 26, 2025
Frequency
ILCV Quarterly
MOAT Annual

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$12017202020232026YTD
MOATAnnual · 9 paymentsAll MOAT payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.46; Dec 20, 2018 $0.74; Dec 23, 2019 $0.72; Dec 21, 2020 $0.90; Dec 20, 2021 $0.82; Dec 19, 2022 $0.81; Dec 18, 2023 $0.73; Dec 23, 2024 $1.27; Dec 22, 2025 $1.40. Use the arrow keys to read each point.$0$12017202020232026YTD

ILCV vs MOAT Risk

Fall from peak · 5 years

  • ILCV
  • MOAT
Oct 29, 2021 to Oct 30, 2026. Worst fall: MOAT −23.9% · Oct 2022. Use the arrow keys to read each point.−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ILCV 10.7%, betterMOAT 14.7%
Return per unit of riskSharpe ratio, 3 years
ILCV 1.57, betterMOAT 0.86
Worst fallMax drawdown, 5 years
ILCV −18.6%, betterMOAT −23.9%
Market sensitivityBeta, 5 years
ILCV 0.82MOAT 0.92

ILCV and MOAT in the news

All news⁠

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