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ILCV vs XSVM

iShares Morningstar Value ETF

ILCVANYSE Arca

Invesco S&P SmallCap Value with Momentum ETF

XSVMCNYSE Arca

Overlap

Expense ratio

ILCV −0.32pt a year

ILCV0.04%XSVM0.36%

Avg volume · 30D

XSVM 1.4×the volume

ILCV24.4KXSVM34.7K

10Y return · a year

XSVM +0.1pt

ILCV+12.3%XSVM+12.4%

ILCV vs XSVM Performance

Oct 29, 2021 – Oct 30, 2026

+81.1%ILCV+40.5%XSVM

Oct 29, 2021 to Oct 30, 2026. ILCV +81.1%. XSVM +40.5%. Use the arrow keys to read each point.−20%0%20%60%Oct 2021Apr 2024Oct 2026
Expense ratio
ILCV 0.04%, better
XSVM 0.36%
Fund size
ILCV $1.37B
XSVM $589M
1Y total return
ILCV +21.0%
XSVM +25.6%, better
Yield (12M)
ILCV 1.51%
XSVM 1.88%, better
Holdings
ILCV 375
XSVM 119
Avg volume (30D)
ILCV 24.4K sh
XSVM 34.7K sh, better
NAV per share
ILCV $109.27
XSVM $67.35
52W range

ETF.net Grade

ILCV: Cost 99, Risk 90, Mission 82, Tradability 64, Holdings 39, Durability 82. XSVM: Cost 42, Risk 29, Mission 73, Tradability 54, Holdings 59, Durability 68.
Pillar letters and Scores for ILCV, XSVM, with each pillar’s weight
PillarILCVXSVM
Cost30% weightA99HigherC42
Mission25% weightA82HigherA73
Risk15% weightA90HigherD29
Tradability15% weightB64HigherC54
Holdings10% weightD39B59Higher
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 XSVM 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 XSVM 56th 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 56CQGRWWisdomTree U.S. Quality Growth FundScore 52
  5. Rank 56CXSVMInvesco S&P SmallCap Value with Momentum ETFScore 52
  6. Rank 64CDSTLDistillate U.S. Fundamental Stability & Value ETFScore 50

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

XSVMCInvesco S&P SmallCap 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.

XSVM Small-cap value with a momentum tiebreaker: 120 of the S&P SmallCap 600's cheaper names, weighted by how cheap they are rather than how big. Live since 2005, priced at 0.36%.

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.

XSVM The Fund seeks to track the S&P 600 High Momentum Value Index, which selects 120 securities from the S&P SmallCap 600 Index using value and momentum scores.

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.
  • XSVM Constituents are weighted by value score, so the cheapest names carry the biggest weights. A genuine deep-value tilt, not a cap-weighted index wearing a value label.spglobal.com
  • Momentum is the second gate: S&P screens the 600 on value, then ranks that pool on momentum and keeps 120. A built-in check against buying cheap stocks that keep falling.spglobal.com
  • Trading since 2005, so the strategy has a live record spanning the 2008 crash, not just a backtest.
  • Rebalances every June and December, which keeps the portfolio recognizably cheap instead of letting winners quietly take over.spglobal.com

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.
  • XSVM At 0.36% it sits above the category median, and the group's cheapest options are far lower: VONV at 0.06%, ILCV at 0.04%.
  • Deep value in small caps is a bumpy ride, and this has been one of the more volatile funds in its peer group.
  • About 120 names and lighter trading than the category's giants, so spreads can matter more on entry and exit.

Full ILCV profile⁠

Full XSVM profile⁠

ILCV vs XSVM 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 XSVM Cost

Overpaying XSVM vs ILCV

$6,471

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

  • ILCV 0.04%

    $849

  • XSVM 0.36%

    $7,320

$10,000
30 years

Cost over time

  • ILCV 0.04%
  • XSVM 0.36%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XSVM $7,320ILCV $849

Year by year

YearILCVXSVMOverpaying
10$73$652$579
20$288$2,522$2,234
30$849$7,320$6,471

Expense ratio

  • 0.04%ILCV, cheaper
  • 0.36%XSVM
  • Middle half of US Multifactor funds
  • Median 0.29%

ILCV cheapest of 99 funds

XSVM 60th cheapest of 99 funds

ILCV vs XSVM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ILCV 1.51%
XSVM 1.88%, better
Payout (12M)
ILCV $1.65
XSVM $1.27
Last payment
ILCV $0.42
XSVM $0.41
Ex-dividend
ILCV Sep 15, 2026
XSVM Sep 21, 2026
Paid on
ILCV Sep 18, 2026
XSVM Sep 25, 2026
Frequency
ILCV Quarterly
XSVM 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
XSVMQuarterly · 37 paymentsAll XSVM payments⁠
One bar per payment. 37 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.02; Jun 16, 2017 $0.10; Sep 18, 2017 $0.16; Dec 18, 2017 $0.31; Jun 18, 2018 $0.27; Sep 24, 2018 $0.11; Dec 24, 2018 $0.28; Jun 24, 2019 $0.16; Sep 23, 2019 $0.07; Dec 23, 2019 $0.18; Mar 23, 2020 $0.19; Jun 22, 2020 $0.08; Sep 21, 2020 $0.07; Dec 21, 2020 $0.09; Mar 22, 2021 $0.12; Jun 21, 2021 $0.11; Sep 20, 2021 $0.16; Dec 20, 2021 $0.28; Mar 21, 2022 $0.21; Jun 21, 2022 $0.21; Sep 19, 2022 $0.18; Dec 19, 2022 $0.22; Mar 20, 2023 $0.12; Jun 20, 2023 $0.19; Sep 18, 2023 $0.19; Dec 18, 2023 $0.21; Mar 18, 2024 $0.22; Jun 24, 2024 $0.25; Sep 23, 2024 $0.24; Dec 23, 2024 $0.22; Mar 24, 2025 $0.40; Jun 23, 2025 $0.27; Sep 22, 2025 $0.39; Dec 22, 2025 $0.25; Mar 23, 2026 $0.29; Jun 22, 2026 $0.31; Sep 21, 2026 $0.41. Use the arrow keys to read each point.$0$0.502017202020232026YTD

ILCV vs XSVM Risk

Fall from peak · 5 years

  • ILCV
  • XSVM
Oct 29, 2021 to Oct 30, 2026. Worst fall: XSVM −26.2% · Apr 2025. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ILCV 10.7%, betterXSVM 19.1%
Return per unit of riskSharpe ratio, 3 years
ILCV 1.57, betterXSVM 0.65
Worst fallMax drawdown, 5 years
ILCV −18.6%, betterXSVM −26.2%
Market sensitivityBeta, 5 years
ILCV 0.82XSVM 0.91

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