ILCV vs SEUS: Grades, Fees and Holdings Compared

iShares Morningstar Value ETF

ILCVANYSE Arca

SEI QiM U.S. Equity Factor Allocation Active ETF

SEUSCNasdaq

Overlap

36.2%by weight

Expense ratio

ILCV −0.26pt a year

ILCV0.04%SEUS0.30%

Avg volume · 30D

SEUS 24.2×the volume

ILCV24.4KSEUS590K

ILCV vs SEUS Performance

Jul 31, 2026 – Nov 2, 2026

+4.2%ILCV+1.1%SEUS

Expense ratio: ILCV 0.04%, better; SEUS 0.30%
Fund size: ILCV $1.37B; SEUS $933M
1Y total return: ILCV +20.9%; SEUS No data
Yield (12M): ILCV 1.51%; SEUS No data
Holdings: ILCV 375; SEUS 371
Avg volume (30D): ILCV 24.4K sh; SEUS 590K sh, better
NAV per share: ILCV $109.27; SEUS $25.63
52W range

ETF.net Grade

Pillar letters and Scores for ILCV, SEUS, with each pillar’s weight
Pillar	ILCV	SEUS
Cost30% weight	A99Higher	C48
Mission25% weight	A82	Not scored
Risk15% weight	A90Higher	B58
Tradability15% weight	B64Higher	B60
Holdings10% weight	D39	C54Higher
Durability5% weight	A82Higher	C45

Rank among US Multifactor funds

How we build Categories ›

Same Category. ILCV and SEUS 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 SEUS 53rd 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 53CMOATVanEck Morningstar Wide Moat ETFScore 53
Rank 53CSEUSSEI QiM U.S. Equity Factor Allocation Active ETFScore 53
Rank 56CAFLGFirst Trust Active Factor Large Cap ETFScore 52

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

SEUSCSEI QiM U.S. Equity Factor Allocation Active 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.

SEUS No data

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.

SEUS No data

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.

SEUS No data

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.

SEUS No data

Full ILCV profile⁠

Full SEUS profile⁠

ILCV vs SEUS Holdings

How ILCV and SEUS differ

Overlap by weight

36.2%

Shared holdings make up 59.7% of ILCV and 57.7% of SEUS.

Level by level

Holdings134 in both36.2%
Sector11 Sectors83.2%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in ILCV and SEUS, widest gap first
Sector	More in ILCVMore in SEUS	ILCV	SEUS
Technology	SEUS +13.5 points	23.9%	37.4%
Financials	ILCV +5.4 points	17.7%	12.3%
Consumer Staples	ILCV +4.4 points	7.3%	2.9%
Energy	ILCV +3.7 points	6.6%	2.9%
Consumer Discretionary	SEUS +1.8 points	8.6%	10.4%
Real Estate	ILCV +1.4 points	1.7%	0.3%
Industrials	SEUS +1.2 points	6.9%	8.1%
Health Care	ILCV +1.0 points	13.4%	12.4%
Materials	ILCV +0.7 points	2.1%	1.4%
Communication	SEUS +0.4 points	8.8%	9.2%
Utilities	ILCV +0.2 points	3.0%	2.8%

Country, concentration and asset class

Country by domicile

Country weights in ILCV and SEUS, widest gap first
Country	More in ILCVMore in SEUS	ILCV	SEUS
United States	SEUS +0.1 points	99.2%	99.3%
Switzerland	ILCV +0.2 points	0.4%	0.2%
United Kingdom	SEUS +0.1 points	0.1%	0.2%
India	SEUS +0.1 points	0.0%	0.1%
Brazil	Same weight	0.1%	0.1%
Mexico	SEUS +0.1 points	0.0%	0.1%
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%
SEUS25.0%

Securities held

ILCV372
SEUS370

Asset class

ILCV: Equity
SEUS: Equity

Holdings

Only in ILCV238
In both134
Only in SEUS236

Only in ILCV

238 securities, 40.1% of ILCV by weight

Berkshire Hathaway Inc Class B2.86%
Exxonmobil Holdings Corp2.20%
Chevron1.26%
Coca-Cola1.05%
UnitedHealth Group1.04%
Home Depot0.94%
Bank of America0.93%
Thermo Fisher Scientific0.74%
Costco Wholesale Corp0.72%
Wells Fargo0.72%
International Business Machines Co0.69%
Linde PLC0.68%
Walt Disney0.55%
Pepsico0.54%
Conocophillips0.53%
Abbott Laboratories0.52%
Union Pacific0.52%
Nextera Energy0.50%
BlackRock0.46%
Accenture PLC Class A0.45%
Danaher0.43%
Progressive0.38%
Chubb0.37%
Medtronic PLC0.35%
American Express0.35%
Prologis Reit0.35%
Lowes Companies Inc0.33%
Automatic Data Processing Inc0.33%
Oracle0.33%
Valero Energy Corp0.33%
Phillips 660.32%
Cme Group Class A0.31%
Southern0.31%
Uber Technologies0.27%
Intercontinental Exchange Inc0.27%
S&P Global0.27%
Us Bancorp0.26%
Intuit0.26%
Pnc Financial Services Group0.26%
General Dynamics Corp0.26%
3M0.26%
Deere0.25%
American Tower Reit0.25%
Elevance Health Inc0.25%
Eaton PLC0.25%
Waste Management Inc0.25%
Eog Resources0.25%
Mondelez International Class A0.24%
Travelers Companies0.24%
United Parcel Service Inc Class B0.23%

Only in SEUS

236 securities, 41.9% of SEUS by weight

NVIDIA Corp5.16%
Broadcom Inc0.85%
Exelixis Inc0.69%
Apa Corp0.61%
Gen Digital Inc0.61%
Everest Group Ltd0.59%
Cencora Inc0.52%
Jazz Pharmaceuticals PLC0.52%
Match Group Inc0.50%
Affiliated Managers Group0.47%
Renaissancere Holdings Ltd0.47%
Idexx Laboratories Inc0.45%
Reinsurance Group of America0.43%
Crown Holdings Inc0.43%
Verisign Inc0.41%
Lam Research Corp0.41%
Arrow Electronics Inc0.41%
Ralph Lauren Corp0.40%
Autodesk Inc0.40%
Unum Group0.40%
Monster Beverage Corp0.39%
Skyworks Solutions Inc0.39%
Ww Grainger Inc0.38%
Motorola Solutions Inc0.38%
Borgwarner Inc0.36%
Jabil Inc0.36%
Zions Bancorp Na0.36%
Popular Inc0.35%
Ryder System Inc0.33%
Airbnb Inc-Class A0.33%
Nordson Corp0.33%
Universal Health Services-B0.32%
Ally Financial Inc0.32%
Cirrus Logic Inc0.32%
Watts Water Technologies-A0.31%
H&R Block Inc0.31%
Corebridge Financial Inc0.31%
Jackson Financial Inc-A0.30%
Fortinet Inc0.29%
Medtronic PLC0.27%
Palantir Technologies Inc-A0.26%
Docusign Inc0.26%
Msci Inc0.26%
Science Applications Inte0.26%
Edwards Lifesciences Corp0.26%
Masco Corp0.25%
Macy's Inc0.25%
Dexcom Inc0.25%
Moody's Corp0.25%
Advanced Micro Devices0.25%

Weight gaps

The 100 widest of 134 Holdings in both funds.

Holding weights in ILCV and SEUS, widest gap first
Holding	More in ILCVMore in SEUS	ILCV	SEUS
MicrosoftMSFT	ILCV +4.04 points	8.36%	4.32%
JPMorgan Chase & CoJPM	ILCV +2.51 points	2.56%	0.05%
Meta Platforms Class AMETA	ILCV +1.63 points	2.47%	0.84%
AppleAAPL	ILCV +1.29 points	7.18%	5.89%
AbbVieABBV	ILCV +1.25 points	1.49%	0.24%
Tesla IncTSLA	ILCV +1.20 points	1.23%	0.03%
Netapp IncNTAP	SEUS +1.01 points	0.07%	1.08%
Amazon.com IncAMZN	ILCV +0.98 points	3.05%	2.07%
Johnson & JohnsonJNJ	ILCV +0.88 points	1.88%	1.00%
Merck & Co IncMRK	ILCV +0.78 points	1.05%	0.27%
WalmartWMT	ILCV +0.74 points	0.94%	0.20%
Cardinal HealthCAH	SEUS +0.74 points	0.07%	0.81%
Adobe IncADBE	SEUS +0.72 points	0.28%	1.00%
Procter & GamblePG	ILCV +0.72 points	1.07%	0.35%
Goldman Sachs GroupGS	ILCV +0.71 points	0.74%	0.03%
Expedia GroupEXPE	SEUS +0.71 points	0.04%	0.75%
Tenet Healthcare CorpTHC	SEUS +0.69 points	0.06%	0.75%
RtxRTX	ILCV +0.66 points	0.77%	0.11%
Cognizant Technology Solutions ClaCTSH	SEUS +0.62 points	0.08%	0.70%
Hewlett Packard EnterpriseHPE	SEUS +0.61 points	0.21%	0.82%
Alphabet Class CGOOG	ILCV +0.60 points	1.63%	1.03%
General MotorsGM	SEUS +0.60 points	0.22%	0.82%
Morgan StanleyMS	ILCV +0.60 points	0.63%	0.03%
Hp IncHPQ	SEUS +0.56 points	0.08%	0.64%
Amgen IncAMGN	ILCV +0.52 points	0.72%	0.20%
Synchrony FinancialSYF	SEUS +0.50 points	0.07%	0.57%
Exelon CorpEXC	SEUS +0.50 points	0.14%	0.64%
United Airlines HoldingsUAL	SEUS +0.47 points	0.10%	0.57%
Cisco Systems IncCSCO	ILCV +0.47 points	1.18%	0.71%
ViatrisVTRS	SEUS +0.45 points	0.06%	0.51%
Prudential Financial IncPRU	SEUS +0.43 points	0.12%	0.55%
Dell Technologies Inc Class CDELL	SEUS +0.43 points	0.10%	0.53%
Edison InternationalEIX	SEUS +0.42 points	0.06%	0.48%
Zoom Communications Class AZM	SEUS +0.40 points	0.07%	0.47%
Verizon Communications IncVZ	SEUS +0.39 points	0.53%	0.92%
AT&TT	SEUS +0.38 points	0.42%	0.80%
SalesforceCRM	ILCV +0.37 points	0.52%	0.15%
Delta Air LinesDAL	SEUS +0.37 points	0.15%	0.52%
Philip Morris InternationalPM	ILCV +0.37 points	0.93%	0.56%
Devon EnergyDVN	SEUS +0.36 points	0.16%	0.52%
Expand EnergyEXE	SEUS +0.36 points	0.02%	0.38%
Leidos HoldingsLDOS	SEUS +0.35 points	0.05%	0.40%
Mckesson CorpMCK	SEUS +0.33 points	0.25%	0.58%
Bristol Myers SquibbBMY	SEUS +0.34 points	0.36%	0.70%
PG&E CorpPCG	SEUS +0.33 points	0.08%	0.41%
Omnicom Group IncOMC	SEUS +0.33 points	0.06%	0.39%
Ford Motor CoF	SEUS +0.32 points	0.14%	0.46%
Texas InstrumentTXN	ILCV +0.32 points	0.43%	0.11%
Td SynnexSNX	SEUS +0.32 points	0.03%	0.35%
Alcoa CorpAA	SEUS +0.32 points	0.03%	0.35%
OvintivOVV	SEUS +0.32 points	0.06%	0.38%
F5FFIV	SEUS +0.29 points	0.03%	0.32%
Teledyne TechnologiesTDY	SEUS +0.29 points	0.03%	0.32%
Firstenergy CorpFE	SEUS +0.29 points	0.07%	0.36%
Quest Diagnostics IncDGX	SEUS +0.27 points	0.08%	0.35%
Yum BrandsYUM	SEUS +0.26 points	0.04%	0.30%
Gilead SciencesGILD	ILCV +0.26 points	0.61%	0.35%
Kraft HeinzKHC	SEUS +0.25 points	0.06%	0.31%
EbayEBAY	SEUS +0.25 points	0.09%	0.34%
Mcdonalds CorpMCD	ILCV +0.23 points	0.52%	0.29%
SandiskSNDK	ILCV +0.23 points	0.25%	0.02%
Fox Class BFOX	SEUS +0.23 points	0.02%	0.25%
Incyte CorpINCY	SEUS +0.22 points	0.03%	0.25%
Mettler ToledoMTD	SEUS +0.22 points	0.04%	0.26%
Fox Class AFOXA	SEUS +0.21 points	0.04%	0.25%
Snap On IncSNA	SEUS +0.21 points	0.03%	0.24%
Bank of New York Mellon CorpBNY	SEUS +0.21 points	0.11%	0.32%
Cvs HealthCVS	SEUS +0.21 points	0.33%	0.54%
PfizerPFE	ILCV +0.21 points	0.50%	0.29%
Charles SchwabSCHW	ILCV +0.20 points	0.27%	0.07%
Vertex PharmaceuticalsVRTX	ILCV +0.19 points	0.28%	0.09%
Colgate-PalmoliveCL	SEUS +0.19 points	0.14%	0.33%
StrykerSYK	ILCV +0.19 points	0.21%	0.02%
Illinois Tool IncITW	SEUS +0.18 points	0.11%	0.29%
Otis WorldwideOTIS	SEUS +0.17 points	0.06%	0.23%
Caterpillar IncCAT	ILCV +0.18 points	0.37%	0.19%
Ulta Beauty IncULTA	SEUS +0.18 points	0.03%	0.21%
Ross Stores IncROST	SEUS +0.17 points	0.06%	0.23%
QualcommQCOM	ILCV +0.17 points	0.50%	0.33%
ResmedRMD	SEUS +0.17 points	0.04%	0.21%
Duke Energy CorpDUK	ILCV +0.15 points	0.28%	0.13%
First Citizens Bancshares Class AFCNCA	SEUS +0.15 points	0.04%	0.19%
Comcast Class ACMCSA	SEUS +0.13 points	0.24%	0.37%
Agilent Technologies IncA	SEUS +0.14 points	0.07%	0.21%
TjxTJX	SEUS +0.13 points	0.28%	0.41%
Analog DevicesADI	ILCV +0.13 points	0.27%	0.14%
Northern TrustNTRS	SEUS +0.14 points	0.04%	0.18%
Visa Class AV	SEUS +0.13 points	1.01%	1.14%
State StreetSTT	SEUS +0.13 points	0.07%	0.20%
TapestryTPR	SEUS +0.12 points	0.02%	0.14%
NewmontNEM	SEUS +0.12 points	0.32%	0.44%
Regeneron PharmaceuticalsREGN	ILCV +0.11 points	0.26%	0.15%
Ameriprise Finance IncAMP	SEUS +0.11 points	0.07%	0.18%
GarminGRMN	SEUS +0.10 points	0.04%	0.14%
Trane Technologies PLCTT	SEUS +0.10 points	0.12%	0.22%
United TherapeuticsUTHR	SEUS +0.08 points	0.03%	0.11%
Targa ResourcesTRGP	ILCV +0.08 points	0.10%	0.02%
Micron TechnologyMU	SEUS +0.08 points	1.29%	1.37%
Entergy CorpETR	SEUS +0.07 points	0.07%	0.14%
Williams Sonoma IncWSM	SEUS +0.07 points	0.05%	0.12%

All 372 ILCV holdings⁠All 370 SEUS 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 SEUS Cost

Overpaying SEUS vs ILCV

$5,300

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

ILCV 0.04%
$849
SEUS 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

ILCV 0.04%
SEUS 0.30%
Overpaying

Year by year

Year	ILCV	SEUS	Overpaying
10	$73	$545	$472
20	$288	$2,113	$1,825
30	$849	$6,149	$5,300

Expense ratio

0.04%ILCV, cheaper
0.30%SEUS

ILCV0.04%SEUS0.30%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

SEUS 51st cheapest of 99 funds

ILCV vs SEUS Dividends

Last 12 months to Nov 2, 2026

Yield (12M): ILCV 1.51%; SEUS No data
Payout (12M): ILCV $1.65; SEUS No data
Last payment: ILCV $0.42; SEUS $0.07
Ex-dividend: ILCV Sep 15, 2026; SEUS Oct 5, 2026
Paid on: ILCV Sep 18, 2026; SEUS Oct 6, 2026
Frequency: ILCV Quarterly; SEUS Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

SEUSIrregular · 1 paymentAll SEUS payments⁠

ILCV vs SEUS 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%SEUS No data
Return per unit of riskSharpe ratio, 3 years: ILCV 1.57SEUS No data
Worst fallMax drawdown, 5 years: ILCV −18.6%SEUS No data
Market sensitivityBeta, 5 years: ILCV 0.82SEUS 0.00; Market = 1

ILCV and SEUS in the news

All news⁠

Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026SEUS

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ILCV vs SEUS

In short

Stated mandate

Why people hold it

Worth knowing

How ILCV and SEUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCV

Only in SEUS

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

US multifactor funds ran 30 points apart

How ILCV and SEUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCV

Only in SEUS

Weight gaps