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ILCV vs XMVM

iShares Morningstar Value ETF

ILCVANYSE Arca

Invesco S&P MidCap Value with Momentum ETF

XMVMCNYSE Arca

Overlap

Expense ratio

ILCV −0.33pt a year

ILCV0.04%XMVM0.37%

Avg volume · 30D

XMVM 1.3×the volume

ILCV24.4KXMVM31.7K

10Y return · a year

XMVM +0.1pt

ILCV+12.3%XMVM+12.4%

ILCV vs XMVM Performance

Oct 29, 2021 – Oct 30, 2026

+81.1%ILCV+74.3%XMVM

Oct 29, 2021 to Oct 30, 2026. ILCV +81.1%. XMVM +74.3%. Use the arrow keys to read each point.−20%0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
ILCV 0.04%, better
XMVM 0.37%
Fund size
ILCV $1.37B
XMVM $530M
1Y total return
ILCV +21.0%
XMVM +26.2%, better
Yield (12M)
ILCV 1.51%
XMVM 1.83%, better
Holdings
ILCV 375
XMVM 80
Avg volume (30D)
ILCV 24.4K sh
XMVM 31.7K sh, better
NAV per share
ILCV $109.27
XMVM $74.20
52W range

ETF.net Grade

ILCV: Cost 99, Risk 90, Mission 82, Tradability 64, Holdings 39, Durability 82. XMVM: Cost 38, Risk 50, Mission 62, Tradability 39, Holdings 49, Durability 68.
Pillar letters and Scores for ILCV, XMVM, with each pillar’s weight
PillarILCVXMVM
Cost30% weightA99HigherD38
Mission25% weightA82HigherB62
Risk15% weightA90HigherC50
Tradability15% weightB64HigherD39
Holdings10% weightD39C49Higher
Durability5% weightA82HigherB68

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 XMVM 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 XMVM 70th 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 70CJHSCJohn Hancock Multifactor Small Cap ETFScore 48
  5. Rank 70CXMVMInvesco S&P MidCap Value with Momentum ETFScore 48
  6. Rank 72CCPTLGlobal X Morningstar Capital Allocation Leaders ETFScore 46

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

XMVMCInvesco S&P MidCap Value with Momentum 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.

XMVM Mid-cap value with a second hurdle: a stock has to be cheap and actually moving to get in. Roughly 80 names from the S&P MidCap 400, weighted by how cheap they are rather than how big. Trading since 2005.

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.

XMVM The fund is based on the S&P MidCap 400 High Momentum Value 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.
  • XMVM Two screens, not one. S&P ranks the MidCap 400 by value, then re-ranks that cheap pool by momentum, and only names clearing both reach the roughly 80-stock portfolio.spglobal.com
  • Weighted by value score instead of market cap, so the deepest discounts carry the most weight and the lineup does not drift back toward the plain mid-cap benchmark.spglobal.com
  • Listed in 2005, giving this value-plus-momentum recipe two decades of real-money history rather than 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.
  • XMVM Costs 0.37%, above the category median and above broad value peers like VYM (0.04%) and VONV (0.06%), which buy far wider baskets for far less.
  • Momentum ranks are refreshed only at the semi-annual rebalance, so the lineup can drift from the live factor picture between resets.spglobal.com
  • Mid-caps only, about 80 of them, and it trades lightly next to the category's household names.

Full ILCV profile⁠

Full XMVM profile⁠

ILCV vs XMVM 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 XMVM Cost

Overpaying XMVM vs ILCV

$6,664

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

  • ILCV 0.04%

    $849

  • XMVM 0.37%

    $7,513

$10,000
30 years

Cost over time

  • ILCV 0.04%
  • XMVM 0.37%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XMVM $7,513ILCV $849

Year by year

YearILCVXMVMOverpaying
10$73$670$597
20$288$2,590$2,302
30$849$7,513$6,664

Expense ratio

  • 0.04%ILCV, cheaper
  • 0.37%XMVM
  • Middle half of US Multifactor funds
  • Median 0.29%

ILCV cheapest of 99 funds

XMVM 61st cheapest of 99 funds

ILCV vs XMVM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ILCV 1.51%
XMVM 1.83%, better
Payout (12M)
ILCV $1.65
XMVM $1.36
Last payment
ILCV $0.42
XMVM $0.35
Ex-dividend
ILCV Sep 15, 2026
XMVM Sep 21, 2026
Paid on
ILCV Sep 18, 2026
XMVM Sep 25, 2026
Frequency
ILCV Quarterly
XMVM 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
XMVMQuarterly · 39 paymentsAll XMVM payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.02; Jun 16, 2017 $0.22; Sep 18, 2017 $0.17; Dec 18, 2017 $0.29; Mar 19, 2018 $0.06; Jun 18, 2018 $0.22; Sep 24, 2018 $0.23; Dec 24, 2018 $0.28; Mar 18, 2019 $0.06; Jun 24, 2019 $0.26; Sep 23, 2019 $0.14; Dec 23, 2019 $0.16; Mar 23, 2020 $0.13; Jun 22, 2020 $0.11; Sep 21, 2020 $0.11; Dec 21, 2020 $0.14; Mar 22, 2021 $0.08; Jun 21, 2021 $0.08; Sep 20, 2021 $0.15; Dec 20, 2021 $0.22; Mar 21, 2022 $0.17; Jun 21, 2022 $0.23; Sep 19, 2022 $0.20; Dec 19, 2022 $0.17; Mar 20, 2023 $0.20; Jun 20, 2023 $0.22; Sep 18, 2023 $0.18; Dec 18, 2023 $0.18; Mar 18, 2024 $0.16; Jun 24, 2024 $0.16; Sep 23, 2024 $0.25; Dec 23, 2024 $0.22; Mar 24, 2025 $0.39; Jun 23, 2025 $0.34; Sep 22, 2025 $0.32; Dec 22, 2025 $0.28; Mar 23, 2026 $0.41; Jun 22, 2026 $0.32; Sep 21, 2026 $0.35. Use the arrow keys to read each point.$0$0.502017202020232026YTD

ILCV vs XMVM Risk

Fall from peak · 5 years

  • ILCV
  • XMVM
Oct 29, 2021 to Oct 30, 2026. Worst fall: XMVM −24.1% · Apr 2025. Use the arrow keys to read each point.−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ILCV 10.7%, betterXMVM 17.0%
Return per unit of riskSharpe ratio, 3 years
ILCV 1.57, betterXMVM 0.99
Worst fallMax drawdown, 5 years
ILCV −18.6%, betterXMVM −24.1%
Market sensitivityBeta, 5 years
ILCV 0.82XMVM 0.86

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