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ILCV vs QSML

iShares Morningstar Value ETF

ILCVANYSE Arca

WisdomTree U.S. SmallCap Quality Growth Fund

QSMLCNasdaq

Overlap

0.0%by weight

Expense ratio

ILCV −0.34pt a year

ILCV0.04%QSML0.38%

Avg volume · 30D

ILCV 4.3×the volume

ILCV24.4KQSML5.63K

ILCV vs QSML Performance

Oct 31, 2025 – Oct 30, 2026

+21.0%ILCV+22.7%QSML

Oct 31, 2025 to Oct 30, 2026. ILCV +21.0%. QSML +22.7%. Use the arrow keys to read each point.−5%0%5%10%15%Oct 2025Apr 2026Oct 2026
Expense ratio
ILCV 0.04%, better
QSML 0.38%
Fund size
ILCV $1.37B
QSML $13M
1Y total return
ILCV +21.0%
QSML +22.7%, better
Yield (12M)
ILCV 1.51%, better
QSML 0.52%
Holdings
ILCV 375
QSML 377
Avg volume (30D)
ILCV 24.4K sh, better
QSML 5.63K sh
NAV per share
ILCV $109.27
QSML $34.39
52W range

ETF.net Grade

ILCV: Cost 99, Risk 90, Mission 82, Tradability 64, Holdings 39, Durability 82. QSML: Cost 38, Risk 23, Mission 90, Tradability 21, Holdings 80, Durability 30.
Pillar letters and Scores for ILCV, QSML, with each pillar’s weight
PillarILCVQSML
Cost30% weightA99HigherD38
Mission25% weightA82A90Higher
Risk15% weightA90HigherF23
Tradability15% weightB64HigherF21
Holdings10% weightD39A80Higher
Durability5% weightA82HigherD30

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 QSML 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 QSML 66th 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 66COMFSInvesco Russell 2000 Dynamic Multifactor ETFScore 49
  5. Rank 66CQSMLWisdomTree U.S. SmallCap Quality Growth FundScore 49
  6. Rank 66CROSCHartford Multifactor Small Cap ETFScore 49

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

QSMLCWisdomTree U.S. SmallCap 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.

QSML Small-cap indexes are stuffed with companies that don't earn money. QSML screens the US small-cap field on growth and profitability, keeps the top 30% of scorers, and leaves out banks, utilities and real estate by rule. Roughly 400 names, market-cap weighted.

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.

QSML The Fund uses passive indexing and representative sampling to track, before fees and expenses, the price and yield performance of the WisdomTree U.S. SmallCap Quality Growth Index. It normally invests at least 80% of net assets in index constituents issued by small-cap U.S. companies.

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.
  • QSML Ranks the small-cap universe on equally weighted growth and quality scores and keeps only the top 30%, leaving out the unprofitable story stocks that fill broad small-cap indexes.wisdomtree.comsec.gov
  • Real estate, utilities and banks are excluded by rule, tilting the portfolio toward operating businesses instead of rate-sensitive balance sheets.wisdomtree.com
  • Roughly 400 holdings, market-cap weighted, with at least 80% of assets in index constituents and rules published in advance. No manager hunches.

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.
  • QSML The 0.38% fee runs above the median for US multifactor ETFs, and large-cap factor staples like ILCV (0.04%) and VONV (0.06%) charge a fraction of it.
  • Launched in 2024, still small and thinly traded: spreads can be wider than in the giant small-cap funds, and small young funds sometimes close.
  • Skipping banks, utilities and real estate, plus the growth tilt, means the sector mix can sit far from broad small-cap benchmarks in either direction.wisdomtree.com

Full ILCV profile⁠

Full QSML profile⁠

ILCV vs QSML Holdings

How ILCV and QSML differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ILCV and 0.0% of QSML.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors84.3%
  • Countryby domicile99.2%
  • Asset classEquity100%

Sector

Sector weights in ILCV and QSML, widest gap first
SectorMore in ILCVMore in QSML
Consumer DiscretionaryQSML +8.0 points
CommunicationILCV +6.1 points
IndustrialsQSML +5.8 points
UtilitiesILCV +2.9 points
FinancialsILCV +2.9 points
EnergyILCV +2.2 points
TechnologyQSML +1.6 points
Real EstateILCV +1.6 points
Health CareQSML +0.4 points
Consumer StaplesILCV +0.1 points
MaterialsSame weight

Country, concentration and asset class

Country by domicile

Country weights in ILCV and QSML, widest gap first
CountryMore in ILCVMore in QSML
IndiaQSML +0.6 points
Other countries (6)ILCV +0.6 points

Concentration

Weight in the 10 largest Holdings

  • ILCV34.4%
  • QSML7.0%

Securities held

  • ILCV372
  • QSML376

Asset class

ILCV
Equity
QSML
Equity

Holdings

  • Only in ILCV372
  • In both0
  • Only in QSML376

Only in ILCV

372 securities, 99.8% of ILCV by weight

  • Microsoft8.45%
  • Apple7.24%
  • Amazon.com Inc3.08%

Only in QSML

376 securities, 100% of QSML by weight

  • Tg Therapeutics Inc0.82%
  • Epam Systems Inc0.78%
  • Abercrombie & Fitch Co0.77%

Weight gaps

ILCV and QSML share no securities.

All 372 ILCV holdings⁠All 363 QSML 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 QSML Cost

Overpaying QSML vs ILCV

$6,857

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

  • ILCV 0.04%

    $849

  • QSML 0.38%

    $7,706

$10,000
30 years

Cost over time

  • ILCV 0.04%
  • QSML 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$8K051015202530QSML $7,706ILCV $849

Year by year

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

Expense ratio

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

ILCV cheapest of 99 funds

QSML 62nd cheapest of 99 funds

ILCV vs QSML Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ILCV 1.51%, better
QSML 0.52%
Payout (12M)
ILCV $1.65
QSML $0.18
Last payment
ILCV $0.42
QSML $0.18
Ex-dividend
ILCV Sep 15, 2026
QSML Dec 26, 2025
Paid on
ILCV Sep 18, 2026
QSML Dec 30, 2025
Frequency
ILCV Quarterly
QSML 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$0.502017202020232026YTD
QSMLAnnual · 3 paymentsAll QSML payments⁠
One bar per payment. 3 payments from 2017 to 2026 YTD. Dec 6, 2024 $0.0024; Dec 26, 2024 $0.09; Dec 26, 2025 $0.18. Use the arrow keys to read each point.$0$0.502017202020232026YTD

ILCV vs QSML 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%QSML 18.2%since Feb 2024
Return per unit of riskSharpe ratio, 3 years
ILCV 1.57QSML 0.54since Feb 2024
Worst fallMax drawdown, 5 years
ILCV −18.6%QSML −28.5%since Jan 2024
Market sensitivityBeta, 5 years
ILCV 0.82QSML 1.09

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