ILCV vs QGRW: Grades, Fees and Holdings Compared

iShares Morningstar Value ETF

ILCVANYSE Arca

WisdomTree U.S. Quality Growth Fund

QGRWCNYSE Arca

Overlap

27.2%by weight

Expense ratio

ILCV −0.24pt a year

ILCV0.04%QGRW0.28%

Avg volume · 30D

QGRW 10.6×the volume

ILCV24.4KQGRW259K

3Y return · a year

QGRW +4.0pt

ILCV+21.6%QGRW+25.6%

ILCV vs QGRW Performance

Oct 31, 2025 – Nov 2, 2026

+20.9%ILCV+6.6%QGRW

Expense ratio: ILCV 0.04%, better; QGRW 0.28%
Fund size: ILCV $1.37B; QGRW $3.13B
1Y total return: ILCV +20.9%, better; QGRW +6.6%
Yield (12M): ILCV 1.51%, better; QGRW 0.08%
Holdings: ILCV 375; QGRW 101
Avg volume (30D): ILCV 24.4K sh; QGRW 259K sh, better
NAV per share: ILCV $109.27; QGRW $64.55
52W range

ETF.net Grade

Pillar letters and Scores for ILCV, QGRW, with each pillar’s weight
Pillar	ILCV	QGRW
Cost30% weight	A99Higher	B55
Mission25% weight	A82Higher	B62
Risk15% weight	A90Higher	F22
Tradability15% weight	B64	A84Higher
Holdings10% weight	D39Higher	F22
Durability5% weight	A82Higher	C54

Rank among US Multifactor funds

How we build Categories ›

Same Category. ILCV and QGRW 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 QGRW 56th 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 56CGRPMInvesco S&P MidCap 400 GARP ETFScore 52
Rank 56CQGRWWisdomTree U.S. Quality Growth FundScore 52
Rank 56CXSVMInvesco S&P SmallCap Value with Momentum ETFScore 52

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

QGRWCWisdomTree U.S. Quality Growth Fund

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.

QGRW Most growth funds buy the entire growth half of the market. QGRW ranks the 500 biggest US companies on growth and profitability, equal weight to each, and keeps only the top 100 scorers. Concentrated on purpose.

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.

QGRW The fund seeks to track, before fees and expenses, the price and yield performance of the WisdomTree U.S. Quality Growth 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.

QGRW The screen is 50/50: growth (analyst earnings forecasts, five-year EBITDA and sales) and quality (three-year average return on equity and assets). Only 100 of 500 make it.wisdomtree.com wisdomtree.com 2
At 0.28% a year it sits under the typical fund in its US multifactor peer group, cheap for a screen this specific.
Multi-billion-dollar scale and one of the easier funds in its peer group to trade in size.

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.

QGRW Market-cap weighted and non-diversified per its prospectus, so the largest holdings drive returns and one stock's move lands harder than in a broad index.wisdomtree.com wisdomtree.com 2
A quality-growth screen concentrates in fast-growing large caps; WisdomTree notes the fund tracks its index rather than taking defensive positions in falling markets.wisdomtree.com
Plain growth index trackers such as IUSG charge far less. Here the fee buys the screen, not broad growth exposure.

Full ILCV profile⁠

Full QGRW profile⁠

ILCV vs QGRW Holdings

How ILCV and QGRW differ

Overlap by weight

27.2%

Shared holdings make up 51.7% of QGRW and 30.9% of ILCV.

Level by level

Holdings31 in both27.2%
Sector11 Sectors59.0%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in ILCV and QGRW, widest gap first
Sector	More in ILCVMore in QGRW	ILCV	QGRW
Technology	QGRW +29.3 points	23.9%	53.2%
Financials	ILCV +13.9 points	17.7%	3.8%
Health Care	ILCV +8.1 points	13.4%	5.3%
Communication	QGRW +7.0 points	8.8%	15.8%
Consumer Staples	ILCV +6.9 points	7.3%	0.4%
Energy	ILCV +6.1 points	6.6%	0.5%
Consumer Discretionary	QGRW +4.3 points	8.6%	12.8%
Utilities	ILCV +2.2 points	3.0%	0.8%
Materials	ILCV +2.1 points	2.1%	0.0%
Real Estate	ILCV +1.7 points	1.7%	0.0%
Industrials	QGRW +0.5 points	6.9%	7.4%

Country, concentration and asset class

Country by domicile

Country weights in ILCV and QGRW, widest gap first
Country	More in ILCVMore in QGRW	ILCV	QGRW
United States	QGRW +0.3 points	99.2%	99.5%
Brazil	QGRW +0.4 points	0.1%	0.5%
Switzerland	ILCV +0.4 points	0.4%	0.0%
United Kingdom	ILCV +0.1 points	0.1%	0.0%
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%
QGRW57.2%

Securities held

ILCV372
QGRW100

Asset class

ILCV: Equity
QGRW: Equity

Holdings

Only in ILCV341
In both31
Only in QGRW69

Only in ILCV

341 securities, 68.9% of ILCV by weight

Berkshire Hathaway Inc Class B2.86%
JPMorgan Chase & Co2.56%
Exxonmobil Holdings Corp2.20%
Johnson & Johnson1.88%
Alphabet Class C1.63%
AbbVie1.49%
Chevron1.26%
Tesla Inc1.23%
Procter & Gamble1.07%
Merck & Co Inc1.05%
Coca-Cola1.05%
UnitedHealth Group1.04%
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%
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%
Union Pacific0.52%
Nextera Energy0.50%
Pfizer0.50%
BlackRock0.46%
Accenture PLC Class A0.45%
Texas Instrument0.43%
Danaher0.43%
AT&T0.42%
Progressive0.38%
Altria Group Inc0.37%
Chubb0.37%
Bristol Myers Squibb0.36%
Capital One Financial Corp0.36%
Lockheed Martin0.36%
Medtronic PLC0.35%
American Express0.35%
Prologis Reit0.35%

Only in QGRW

69 securities, 48.2% of QGRW by weight

Nvidia Corp12.00%
Eli Lilly & Co4.06%
Broadcom Inc2.81%
Advanced Micro Devices2.34%
Palantir Technologies Inc-A1.47%
Marvell Technology Inc1.36%
General Electric Co1.14%
Palo Alto Networks Inc1.06%
Crowdstrike Holdings Inc - A0.96%
NetFlix Inc0.94%
Applied Materials Inc0.90%
Lam Research Corp0.88%
GE Vernova Inc0.84%
Arista Networks Inc0.76%
Intuitive Surgical Inc0.72%
KLA Corp0.66%
Snowflake Inc-Class A0.61%
Amphenol Corp0.57%
Cintas Corp0.57%
priceline.com Inc0.56%
ServiceNow Inc0.54%
Airbnb Inc-Class A0.51%
Doordash Inc - A0.51%
Quanta Services Inc0.50%
Hansen Natural Corp0.50%
O'Reilly Automotive Inc0.49%
Hilton Worldwide Holdings Inc0.48%
Fortinet Inc0.48%
Cloudflare Inc - Class A0.48%
Autodesk Inc0.45%
Carvana Co0.44%
AutoZone Inc0.43%
Datadog Inc - Class A0.43%
Block Inc - A0.41%
Howmet Aerospace Inc0.40%
Heico Corp0.40%
Chipotle Mexican Grill Inc0.40%
Cadence Design Systems Inc0.39%
Vertiv Holdings Co0.39%
MSCI Inc0.38%
Monolithic Power Systems Inc0.37%
TransDigm Group Inc0.37%
Idexx Laboratories Inc0.35%
Vistra Corp0.32%
Comfort Systems USA Inc0.32%
Applovin Corp-Class A0.28%
Old Dominion Freight Line Inc0.23%
Alnylam Pharmaceuticals Inc0.21%
Veeva Systems Inc-Class A0.14%
Zscaler Inc0.12%

Weight gaps

All 31 Holdings in both funds, largest gap first.

Holding weights in ILCV and QGRW, widest gap first
Holding	More in ILCVMore in QGRW	ILCV	QGRW
Alphabet Class AGOOGL	QGRW +4.44 points	2.02%	6.46%
Amazon.com IncAMZN	QGRW +4.00 points	3.05%	7.05%
AppleAAPL	ILCV +3.71 points	7.18%	3.47%
Meta Platforms Class AMETA	QGRW +3.71 points	2.47%	6.18%
MicrosoftMSFT	QGRW +1.99 points	8.36%	10.35%
Mastercard Class AMA	QGRW +1.30 points	0.63%	1.93%
Visa Class AV	QGRW +1.25 points	1.01%	2.26%
Micron TechnologyMU	QGRW +1.18 points	1.29%	2.47%
OracleORCL	QGRW +0.66 points	0.33%	0.99%
Caterpillar IncCAT	QGRW +0.58 points	0.37%	0.95%
Starbucks CorpSBUX	QGRW +0.49 points	0.16%	0.65%
Vertex PharmaceuticalsVRTX	QGRW +0.45 points	0.28%	0.73%
Marriott International Class AMAR	QGRW +0.44 points	0.15%	0.59%
United RentalsURI	QGRW +0.42 points	0.07%	0.49%
Constellation Energy CorpCEG	QGRW +0.42 points	0.10%	0.52%
Targa ResourcesTRGP	QGRW +0.40 points	0.10%	0.50%
MercadolibreMELI	QGRW +0.37 points	0.12%	0.49%
Uber TechnologiesUBER	QGRW +0.34 points	0.27%	0.61%
SalesforceCRM	QGRW +0.32 points	0.52%	0.84%
Yum BrandsYUM	QGRW +0.32 points	0.04%	0.36%
Trane Technologies PLCTT	QGRW +0.31 points	0.12%	0.43%
TjxTJX	QGRW +0.30 points	0.28%	0.58%
Nxp Semiconductors NVNXPI	QGRW +0.30 points	0.06%	0.36%
QualcommQCOM	QGRW +0.26 points	0.50%	0.76%
Cisco Systems IncCSCO	QGRW +0.07 points	1.18%	1.25%
Ulta Beauty IncULTA	QGRW +0.07 points	0.03%	0.10%
CorpayCPAY	QGRW +0.04 points	0.04%	0.08%
First SolarFSLR	QGRW +0.04 points	0.02%	0.06%
United TherapeuticsUTHR	QGRW +0.03 points	0.03%	0.06%
Nextpower IncNXT	QGRW +0.01 points	0.01%	0.02%
Workday Class AWDAY	Same weight	0.11%	0.11%

All 372 ILCV holdings⁠All 101 QGRW 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 QGRW Cost

Overpaying QGRW vs ILCV

$4,906

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

ILCV 0.04%
$849
QGRW 0.28%
$5,755

Amount$10,000

Years30 years

Cost over time

ILCV 0.04%
QGRW 0.28%
Overpaying

Year by year

Year	ILCV	QGRW	Overpaying
10	$73	$509	$436
20	$288	$1,976	$1,688
30	$849	$5,755	$4,906

Expense ratio

0.04%ILCV, cheaper
0.28%QGRW

ILCV0.04%QGRW0.28%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

QGRW 41st cheapest of 99 funds

ILCV vs QGRW Dividends

Last 12 months to Nov 2, 2026

Yield (12M): ILCV 1.51%, better; QGRW 0.08%
Payout (12M): ILCV $1.65; QGRW $0.05
Last payment: ILCV $0.42; QGRW $0.05
Ex-dividend: ILCV Sep 15, 2026; QGRW Dec 26, 2025
Paid on: ILCV Sep 18, 2026; QGRW Dec 30, 2025
Frequency: ILCV Quarterly; QGRW Annual

Distribution history

Per share, 2017 to 2026, same scale for both

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

QGRWAnnual · 3 paymentsAll QGRW payments⁠

ILCV vs QGRW Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ILCV 10.7%, betterQGRW 18.3%
Return per unit of riskSharpe ratio, 3 years: ILCV 1.57, betterQGRW 1.19
Worst fallMax drawdown, 5 years: ILCV −18.6%QGRW −24.4%since Dec 2022
Market sensitivityBeta, 5 years: ILCV 0.82QGRW 1.33; Market = 1

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