ILCV vs SHRY: Grades, Fees and Holdings Compared

iShares Morningstar Value ETF

ILCVANYSE Arca

First Trust Bloomberg Shareholder Yield ETF

SHRYDNasdaq

Overlap

21.4%by weight

Expense ratio

ILCV −0.56pt a year

ILCV0.04%SHRY0.60%

Avg volume · 30D

ILCV 49.6×the volume

ILCV24.4KSHRY491

5Y return · a year

ILCV +3.3pt

ILCV+12.6%SHRY+9.3%

ILCV vs SHRY Performance

Oct 29, 2021 – Oct 30, 2026

+81.1%ILCV+55.7%SHRY

Expense ratio: ILCV 0.04%, better; SHRY 0.60%
Fund size: ILCV $1.37B; SHRY $17M
1Y total return: ILCV +21.0%, better; SHRY +18.0%
Yield (12M): ILCV 1.51%; SHRY 1.54%, better
Holdings: ILCV 375; SHRY 51
Avg volume (30D): ILCV 24.4K sh, better; SHRY 491 sh
NAV per share: ILCV $109.27; SHRY $48.30
52W range

ETF.net Grade

Pillar letters and Scores for ILCV, SHRY, with each pillar’s weight
Pillar	ILCV	SHRY
Cost30% weight	A99Higher	F15
Mission25% weight	A82Higher	D29
Risk15% weight	A90Higher	B69
Tradability15% weight	B64Higher	D37
Holdings10% weight	D39Higher	D35
Durability5% weight	A82Higher	C45

Rank among US Multifactor funds

How we build Categories ›

Same Category. ILCV and SHRY 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 SHRY 90th 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 89DTHLVTHOR Equal Weight Low Volatility ETFScore 34
Rank 90DSHRYFirst Trust Bloomberg Shareholder Yield ETFScore 33
Rank 91DBRNYBurney U.S. Factor Rotation ETFScore 32

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

SHRYDFirst Trust Bloomberg Shareholder Yield 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.

SHRY SHRY tracks Bloomberg's Shareholder Yield Index: about 50 US stocks, rules-based, paid out quarterly. A concentrated take on the cash-back-to-owners theme, priced at 0.60% in an aisle stocked with cheaper options.

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.

SHRY The Fund seeks to track the price and yield of the Bloomberg Shareholder Yield Index before fees and expenses. It normally invests at least 80% of net assets in securities comprising that 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.

SHRY Concentrated by design: about 50 US names drawn from the Bloomberg Shareholder Yield Index, not a 500-stock blend where a single good idea gets diluted to a rounding error.
Rules-based and legible: a 1940 Act ETF that normally keeps at least 80% of net assets in its named index's securities. The recipe is published, not improvised.
Cash arrives on a schedule (quarterly), and the fund has been live since 2017, so there are years of real-world results to inspect instead of a backtest.

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.

SHRY Cost is the headwind: 0.60% a year against a 0.32% median for its multifactor peer group, with cohort anchors like VYM (0.04%) and FNDX (0.25%) sitting far below.
A small asset base and light trading volume tend to mean wider bid-ask spreads, so more of the cost shows up in the trade itself.
With roughly 50 holdings, individual names and sector tilts carry real weight, and results can drift from a broad US index in either direction.

Full ILCV profile⁠

Full SHRY profile⁠

ILCV vs SHRY Holdings

How ILCV and SHRY differ

Overlap by weight

21.4%

Shared holdings make up 99.3% of SHRY and 38.0% of ILCV.

Level by level

Holdings48 in both21.4%
Sector11 Sectors87.1%
Countryby domicile96.8%
Asset classEquity100%

Sector

Sector weights in ILCV and SHRY, widest gap first
Sector	More in ILCVMore in SHRY	ILCV	SHRY
Communication	SHRY +4.7 points	8.8%	13.5%
Consumer Discretionary	ILCV +3.4 points	8.6%	5.2%
Financials	SHRY +3.1 points	17.7%	20.8%
Utilities	ILCV +3.0 points	3.0%	0.0%
Consumer Staples	SHRY +2.7 points	7.3%	10.0%
Health Care	ILCV +1.8 points	13.4%	11.6%
Industrials	ILCV +1.7 points	6.9%	5.2%
Real Estate	ILCV +1.7 points	1.7%	0.0%
Technology	SHRY +1.5 points	23.9%	25.4%
Materials	ILCV +1.2 points	2.1%	0.9%
Energy	SHRY +0.8 points	6.6%	7.4%

Country, concentration and asset class

Country by domicile

Country weights in ILCV and SHRY, widest gap first
Country	More in ILCVMore in SHRY	ILCV	SHRY
United States	ILCV +2.9 points	99.2%	96.3%
Switzerland	SHRY +1.9 points	0.4%	2.3%
China	SHRY +1.4 points	0.1%	1.5%
Other countries (3)	ILCV +0.3 points	0.3%	0.0%

Concentration

Weight in the 10 largest Holdings

ILCV34.4%
SHRY34.6%

Securities held

ILCV372
SHRY50

Asset class

ILCV: Equity
SHRY: Equity

Holdings

Only in ILCV324
In both48
Only in SHRY2

Only in ILCV

324 securities, 61.9% of ILCV by weight

Amazon.com Inc3.08%
Berkshire Hathaway Inc Class B2.84%
JPMorgan Chase & Co2.60%
Meta Platforms Class A2.50%
Alphabet Class A2.04%
Alphabet Class C1.65%
Micron Technology1.35%
Tesla Inc1.24%
Cisco Systems Inc1.22%
UnitedHealth Group1.05%
Coca-Cola1.03%
Merck & Co Inc1.03%
Bank of America0.94%
Home Depot0.93%
Philip Morris International0.92%
Walmart0.91%
Goldman Sachs Group0.77%
Thermo Fisher Scientific0.75%
Wells Fargo0.73%
Amgen Inc0.71%
International Business Machines Co0.69%
Morgan Stanley0.64%
Citigroup0.60%
Walt Disney0.54%
Salesforce0.52%
Nextera Energy0.49%
Pfizer0.49%
Texas Instrument0.45%
Danaher0.43%
AT&T0.41%
Caterpillar Inc0.38%
Progressive0.38%
Capital One Financial Corp0.36%
Bristol Myers Squibb0.36%
American Express0.35%
Oracle0.35%
Prologis Reit0.35%
Newmont0.33%
Lowes Companies Inc0.33%
Cvs Health0.33%
Automatic Data Processing Inc0.32%
Phillips 660.31%
Southern0.30%
Sandisk0.29%
Analog Devices0.28%
Duke Energy Corp0.28%
Tjx0.28%
Vertex Pharmaceuticals0.27%
Uber Technologies0.27%
Charles Schwab0.27%

Only in SHRY

2 securities, 0.5% of SHRY by weight

KLA Corporation0.35%
NVIDIA Corporation0.17%

Weight gaps

All 48 Holdings in both funds, largest gap first.

Holding weights in ILCV and SHRY, widest gap first
Holding	More in ILCVMore in SHRY	ILCV	SHRY
MicrosoftMSFT	ILCV +8.09 points	8.45%	0.36%
AppleAAPL	ILCV +6.46 points	7.24%	0.78%
PayPal HoldingsPYPL	SHRY +4.80 points	0.14%	4.94%
Hartford Insurance GroupHIG	SHRY +4.03 points	0.10%	4.13%
PaychexPAYX	SHRY +3.25 points	0.10%	3.35%
MetlifeMET	SHRY +3.20 points	0.15%	3.35%
United Parcel Service Inc Class BUPS	SHRY +3.08 points	0.23%	3.31%
Expedia GroupEXPE	SHRY +3.08 points	0.04%	3.12%
T Mobile Us IncTMUS	SHRY +3.06 points	0.20%	3.26%
Allstate CorpALL	SHRY +3.00 points	0.09%	3.09%
Adobe IncADBE	SHRY +2.80 points	0.28%	3.08%
Ameriprise Finance IncAMP	SHRY +2.72 points	0.07%	2.79%
Travelers CompaniesTRV	SHRY +2.61 points	0.24%	2.85%
Altria Group IncMO	SHRY +2.58 points	0.36%	2.94%
ConocophillipsCOP	SHRY +2.38 points	0.51%	2.89%
Accenture PLC Class AACN	SHRY +2.37 points	0.43%	2.80%
Cme Group Class ACME	SHRY +2.14 points	0.30%	2.44%
Booking HoldingsBKNG	SHRY +2.11 points	0.32%	2.43%
Colgate-PalmoliveCL	SHRY +1.99 points	0.14%	2.13%
Elevance Health IncELV	SHRY +1.93 points	0.25%	2.18%
ChubbCB	SHRY +1.89 points	0.36%	2.25%
Mckesson CorpMCK	SHRY +1.88 points	0.24%	2.12%
Lockheed MartinLMT	SHRY +1.84 points	0.36%	2.20%
Valero Energy CorpVLO	SHRY +1.63 points	0.31%	1.94%
Kinder MorganKMI	SHRY +1.61 points	0.19%	1.80%
ChevronCVX	SHRY +1.55 points	1.23%	2.78%
Hca HealthcareHCA	SHRY +1.53 points	0.20%	1.73%
Mcdonalds CorpMCD	SHRY +1.52 points	0.52%	2.04%
Abbott LaboratoriesABT	SHRY +1.43 points	0.51%	1.94%
Verizon Communications IncVZ	SHRY +1.39 points	0.52%	1.91%
Te Connectivity PLCTEL	SHRY +1.31 points	0.07%	1.38%
Eog ResourcesEOG	SHRY +1.19 points	0.24%	1.43%
General Dynamics CorpGD	SHRY +1.01 points	0.26%	1.27%
Gilead SciencesGILD	SHRY +1.01 points	0.58%	1.59%
QualcommQCOM	SHRY +0.97 points	0.56%	1.53%
PepsicoPEP	SHRY +0.96 points	0.52%	1.48%
Johnson & JohnsonJNJ	ILCV +0.93 points	1.89%	0.96%
Union PacificUNP	SHRY +0.82 points	0.51%	1.33%
Medtronic PLCMDT	SHRY +0.83 points	0.35%	1.18%
Procter & GamblePG	SHRY +0.60 points	1.06%	1.66%
AbbVieABBV	ILCV +0.58 points	1.46%	0.88%
BlackRockBLK	SHRY +0.52 points	0.46%	0.98%
Visa Class AV	SHRY +0.48 points	1.00%	1.48%
Costco Wholesale CorpCOST	ILCV +0.47 points	0.71%	0.24%
Mastercard Class AMA	SHRY +0.46 points	0.63%	1.09%
RtxRTX	SHRY +0.35 points	0.76%	1.11%
Linde PLCLIN	SHRY +0.07 points	0.66%	0.73%
Exxonmobil Holdings CorpXOM	ILCV +0.04 points	2.14%	2.10%

All 372 ILCV holdings⁠All 50 SHRY 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 SHRY Cost

Overpaying SHRY vs ILCV

$10,968

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

ILCV 0.04%
$849
SHRY 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

ILCV 0.04%
SHRY 0.60%
Overpaying

Year by year

Year	ILCV	SHRY	Overpaying
10	$73	$1,076	$1,003
20	$288	$4,116	$3,828
30	$849	$11,817	$10,968

Expense ratio

0.04%ILCV, cheaper
0.60%SHRY

ILCV0.04%SHRY0.60%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

SHRY 82nd cheapest of 99 funds

ILCV vs SHRY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILCV 1.51%; SHRY 1.54%, better
Payout (12M): ILCV $1.65; SHRY $0.74
Last payment: ILCV $0.42; SHRY $0.16
Ex-dividend: ILCV Sep 15, 2026; SHRY Sep 24, 2026
Paid on: ILCV Sep 18, 2026; SHRY Sep 30, 2026
Frequency: ILCV Quarterly; SHRY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

SHRYQuarterly · 37 paymentsAll SHRY payments⁠

ILCV vs SHRY Risk

Fall from peak · 5 years

ILCV
SHRY

Risk facts

VolatilityStd dev, 3 years: ILCV 10.7%, betterSHRY 14.2%
Return per unit of riskSharpe ratio, 3 years: ILCV 1.57, betterSHRY 1.01
Worst fallMax drawdown, 5 years: ILCV −18.6%, betterSHRY −23.9%
Market sensitivityBeta, 5 years: ILCV 0.82SHRY 0.70; Market = 1

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