Skip to content
etf.net

ILCV vs PSC

iShares Morningstar Value ETF

ILCVANYSE Arca

Principal U.S. Small-Cap Multi-Factor ETF

PSCBNasdaq

Overlap

Expense ratio

ILCV −0.34pt a year

ILCV0.04%PSC0.38%

Avg volume · 30D

PSC 5.2×the volume

ILCV25.1KPSC131K

10Y return · a year

ILCV +0.3pt

ILCV+12.2%PSC+11.9%

ILCV vs PSC Performance

Nov 9, 2021 – Nov 9, 2026

+79.9%ILCV+44.4%PSC

Nov 9, 2021 to Nov 9, 2026. ILCV +79.9%. PSC +44.4%. Use the arrow keys to read each point.−20%0%20%60%Nov 2021May 2024Nov 2026
Expense ratio
ILCV 0.04%, better
PSC 0.38%
Fund size
ILCV $1.37B
PSC $2.6B
1Y total return
ILCV +22.4%, better
PSC +21.5%
Yield (12M)
ILCV 1.50%, better
PSC 0.59%
Holdings
ILCV 374
PSC 485
Avg volume (30D)
ILCV 25.1K sh
PSC 131K sh, better
NAV per share
ILCV $108.28
PSC $66.26
52W range

ETF.net Grade

ILCV: Cost 99, Risk 91, Mission 82, Tradability 62, Holdings 39, Durability 82. PSC: Cost 38, Risk 29, Mission 81, Tradability 53, Holdings 79, Durability 67.
Pillar letters and Scores for ILCV, PSC, with each pillar’s weight
PillarILCVPSC
Cost30% weightA99HigherD38
Mission25% weightA82HigherA81
Risk15% weightA91HigherD29
Tradability15% weightB62HigherC53
Holdings10% weightD39A79Higher
Durability5% weightA82HigherB67

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 PSC 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 PSC 50th 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 50BCSMProShares Large Cap Core PlusScore 55
  5. Rank 50BPSCPrincipal U.S. Small-Cap Multi-Factor ETFScore 55
  6. Rank 50BQVMTInvesco S&P 500 Concentrated QVM ETFScore 55

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

PSCBPrincipal U.S. Small-Cap Multi-Factor 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.

PSC Most multi-factor ETFs stack large caps. PSC aims the same momentum, quality and value screens at the small-cap end of the market, spreading across roughly 500 names and measuring itself against the Russell 2000.

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.

PSC The Fund seeks long-term growth of capital.

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.
  • PSC Roughly 500 small caps, ranked on momentum, quality and value together rather than one lone tilt, so no single stock steers the fund.
  • Actively run on Principal's own quantitative model, with long-term growth of capital as the stated objective and the Russell 2000 as the yardstick.
  • Its multi-factor cohort is crowded with large-cap value and dividend funds (VONV, VYM, FNDX). PSC is one of the few carrying the approach into small caps.
  • A billion-dollar-plus fund with moderate daily turnover and standing in the upper half of its peer group. It pays distributions 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.
  • PSC 0.38% a year runs above the typical multi-factor ETF, and well above the large-cap index trackers at the top of the cohort. That's the toll for an active quant sleeve.
  • Small-cap equity swings harder and drops deeper than the large-cap names that dominate this peer group. Volatility is the roughest part of PSC's profile.
  • The stock-picking model is proprietary, so you cannot reverse-engineer the portfolio from a published rulebook, and results can drift from the Russell 2000.

Full ILCV profile⁠

Full PSC profile⁠

ILCV vs PSC 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 PSC Cost

Overpaying PSC vs ILCV

$6,857

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

  • ILCV 0.04%

    $849

  • PSC 0.38%

    $7,706

$10,000
30 years

Cost over time

  • ILCV 0.04%
  • PSC 0.38%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530PSC $7,706ILCV $849

Year by year

YearILCVPSCOverpaying
10$73$688$615
20$288$2,658$2,370
30$849$7,706$6,857

Expense ratio

  • 0.04%ILCV, cheaper
  • 0.38%PSC
  • Middle half of US Multifactor funds
  • Median 0.29%

ILCV cheapest of 99 funds

PSC 62nd cheapest of 99 funds

ILCV vs PSC Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
ILCV 1.50%, better
PSC 0.59%
Payout (12M)
ILCV $1.65
PSC $0.40
Last payment
ILCV $0.42
PSC $0.13
Ex-dividend
ILCV Sep 15, 2026
PSC Oct 1, 2026
Paid on
ILCV Sep 18, 2026
PSC Oct 5, 2026
Frequency
ILCV Quarterly
PSC Quarterly

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
PSCQuarterly · 40 paymentsAll PSC payments⁠
One bar per payment. 40 payments from 2017 to 2026 YTD. Apr 3, 2017 $0.07; Jul 3, 2017 $0.08; Oct 2, 2017 $0.05; Dec 15, 2017 $0.02; Dec 27, 2017 $0.08; Apr 2, 2018 $0.08; Jul 2, 2018 $0.06; Oct 1, 2018 $0.09; Dec 27, 2018 $0.13; Apr 1, 2019 $0.11; Jul 1, 2019 $0.08; Oct 1, 2019 $0.11; Dec 27, 2019 $0.15; Apr 1, 2020 $0.08; Jul 1, 2020 $0.11; Oct 1, 2020 $0.11; Dec 29, 2020 $0.15; Apr 1, 2021 $0.11; Jul 1, 2021 $0.13; Oct 1, 2021 $0.15; Dec 29, 2021 $0.30; Apr 1, 2022 $0.02; Jul 1, 2022 $0.17; Oct 3, 2022 $0.36; Dec 28, 2022 $0.20; Apr 3, 2023 $0.03; Jul 3, 2023 $0.11; Oct 2, 2023 $0.09; Dec 27, 2023 $0.11; Apr 1, 2024 $0.10; Jul 1, 2024 $0.10; Oct 1, 2024 $0.11; Dec 27, 2024 $0.08; Apr 1, 2025 $0.11; Jul 1, 2025 $0.11; Oct 1, 2025 $0.08; Dec 29, 2025 $0.08; Apr 1, 2026 $0.11; Jul 1, 2026 $0.09; Oct 1, 2026 $0.13. Use the arrow keys to read each point.$0$0.502017202020232026YTD

ILCV vs PSC Risk

Fall from peak · 5 years

  • ILCV
  • PSC
Nov 9, 2021 to Nov 9, 2026. Worst fall: PSC −25.7% · Sep 2022. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
ILCV 10.7%, betterPSC 17.1%
Return per unit of riskSharpe ratio, 3 years
ILCV 1.57, betterPSC 1.00
Worst fallMax drawdown, 5 years
ILCV −18.6%, betterPSC −25.7%
Market sensitivityBeta, 5 years
ILCV 0.82PSC 1.03

Popular comparisons

  • ILCVAvsVONVA

    iShares Morningstar Value ETF · Vanguard Russell 1000 Value ETF

    Expense ratio
    0.04% · 0.06%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSCBvsVONVA

    Principal U.S. Small-Cap Multi-Factor ETF · Vanguard Russell 1000 Value ETF

    Expense ratio
    0.38% · 0.06%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ILCVAvsVYMA

    iShares Morningstar Value ETF · Vanguard High Dividend Yield ETF

    Expense ratio
    0.04% · 0.04%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSCBvsVYMA

    Principal U.S. Small-Cap Multi-Factor ETF · Vanguard High Dividend Yield ETF

    Expense ratio
    0.38% · 0.04%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ILCVAvsDCORA

    iShares Morningstar Value ETF · U.S. Core Equity 1 Portfolio ETF Class Shares

    Expense ratio
    0.04% · 0.14%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSCBvsDCORA

    Principal U.S. Small-Cap Multi-Factor ETF · U.S. Core Equity 1 Portfolio ETF Class Shares

    Expense ratio
    0.38% · 0.14%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.