IMCB vs IQSM: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap ETF

IMCBANYSE Arca

NYLI Candriam U.S. Mid Cap Equity ETF

IQSMBNYSE Arca

Overlap

2.6%by weight

Expense ratio

IMCB −0.11pt a year

IMCB0.04%IQSM0.15%

Avg volume · 30D

IMCB 2.5×the volume

IMCB35.8KIQSM14.5K

3Y return · a year

IMCB +4.1pt

IMCB+21.6%IQSM+17.5%

IMCB vs IQSM Performance

Oct 31, 2025 – Oct 30, 2026

+20.1%IMCB+16.0%IQSM

Expense ratio: IMCB 0.04%, better; IQSM 0.15%
Fund size: IMCB $1.75B; IQSM $357M
1Y total return: IMCB +20.1%, better; IQSM +16.0%
Yield (12M): IMCB 1.22%, better; IQSM 1.05%
Holdings: IMCB 396; IQSM 247
Avg volume (30D): IMCB 35.8K sh, better; IQSM 14.5K sh
NAV per share: IMCB $97.86; IQSM $39.06
52W range

ETF.net Grade

Pillar letters and Scores for IMCB, IQSM, with each pillar’s weight
Pillar	IMCB	IQSM
Cost30% weight	A86Higher	C54
Mission25% weight	A100	A100
Risk15% weight	A76Higher	C43
Tradability15% weight	B60Higher	D28
Holdings10% weight	A72Higher	B61
Durability5% weight	A70Higher	F14

Rank among US Mid-Cap funds

How we build Categories ›

Same Category. IMCB and IQSM are both graded against the same 13 US Mid-Cap funds, so their Grades compare head to head.

US Mid-Cap⁠

Category · 13 funds

See all 13 ›

IMCB ranks 1st and IQSM 8th of 13 funds in the US Mid-Cap Category.

Rank 1AIMCBiShares Morningstar Mid-Cap ETFScore 82
Rank 2ASCHMSchwab U.S. Mid-Cap ETFScore 80
Rank 7BQQQJInvesco NASDAQ Next Gen 100 ETFScore 60
Rank 8BIQSMNYLI Candriam U.S. Mid Cap Equity ETFScore 58
Rank 9CEZMWisdomTree U.S. MidCap FundScore 51

Our read on each fund

ETF.net Research

IMCBAiShares Morningstar Mid-Cap ETF

IQSMBNYLI Candriam U.S. Mid Cap Equity ETF

In short

IMCB Mid-cap America for four basis points, running since 2004. It samples Morningstar's US mid-cap index across roughly 400 stocks and hews to that benchmark about as closely as anything in its category.

IQSM No data

Stated mandate

IMCB The Fund seeks to track an index of mid-capitalization U.S. equities. It uses indexing and representative sampling rather than trying to outperform the index.

IQSM No data

Why people hold it

IMCB Costs 0.04% a year, against roughly 0.15% typical for the mid-cap group.
Indexing, not opinions: representative sampling of the Morningstar US Mid Cap Index, with tracking among the tightest in its peer group.ishares.com
Trading since 2004 and now a multi-billion-dollar fund, so there is a long operating history here, not a launch-year story.
About 400 names covering both the growth and value sides of US mid caps, so no style tilt is baked in.

IQSM No data

Worth knowing

IMCB Thinly traded next to the category's household names, so spreads and order handling matter more at the moment of a trade.
All US, all stocks: mid caps move harder than mega caps, and nothing else in the portfolio cushions an equity selloff.
VO and SCHM cover similar ground at 0.03%, so the cost edge here is over the group average rather than over the cheapest rivals.

IQSM No data

Full IMCB profile⁠

Full IQSM profile⁠

IMCB vs IQSM Holdings

How IMCB and IQSM differ

Overlap by weight

2.6%

Shared holdings make up 14.3% of IQSM and 2.6% of IMCB.

Level by level

Holdings27 in both2.6%
Sector11 Sectors81.1%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in IMCB and IQSM, widest gap first
Sector	More in IMCBMore in IQSM	IMCB	IQSM
Energy	IMCB +6.7 points	8.3%	1.6%
Health Care	IQSM +6.1 points	10.5%	16.6%
Real Estate	IQSM +5.8 points	4.0%	9.8%
Utilities	IMCB +5.2 points	6.0%	0.8%
Technology	IQSM +3.9 points	14.9%	18.8%
Financials	IMCB +2.7 points	15.4%	12.7%
Communication	IQSM +2.2 points	1.6%	3.8%
Consumer Staples	IMCB +1.5 points	5.7%	4.2%
Industrials	IMCB +1.5 points	19.1%	17.6%
Materials	IMCB +1.3 points	5.7%	4.4%
Consumer Discretionary	IQSM +0.8 points	8.8%	9.6%

Country, concentration and asset class

Country by domicile

Country weights in IMCB and IQSM, widest gap first
Country	More in IMCBMore in IQSM	IMCB	IQSM
United States	IQSM +0.6 points	98.5%	99.1%
Other countries (6)	IMCB +0.7 points	1.6%	0.9%

Concentration

Weight in the 10 largest Holdings

IMCB7.4%
IQSM8.0%

Securities held

IMCB394
IQSM247

Asset class

IMCB: Equity
IQSM: Equity

Holdings

Only in IMCB367
In both27
Only in IQSM220

Only in IMCB

367 securities, 97.3% of IMCB by weight

Marathon Petroleum0.86%
Dell Technologies Inc Class C0.83%
Automatic Data Processing Inc0.80%
Valero Energy Corp0.79%
Phillips 660.78%
Snowflake0.71%
Bank of New York Mellon Corp0.69%
Csx0.66%
Marsh0.66%
Us Bancorp0.64%
Emerson Electric0.63%
Regeneron Pharmaceuticals0.63%
Pnc Financial Services Group0.63%
Williams0.62%
Johnson Controls International PLC0.62%
Cloudflare Class A0.62%
3M0.62%
Freeport Mcmoran Inc0.62%
Elevance Health Inc0.60%
Eog Resources0.60%
Fortinet0.58%
Mondelez International Class A0.57%
Travelers Companies0.57%
Motorola Solutions Inc0.56%
United Parcel Service Inc Class B0.56%
Slb0.55%
Illinois Tool Inc0.55%
Northrop Grumman Corp0.54%
Moderna0.54%
Hilton Worldwide Holdings0.54%
Datadog Inc Class A0.54%
Norfolk Southern Corp0.53%
Royal Caribbean Group0.53%
General Motors0.53%
Ecolab0.53%
Colgate-Palmolive0.53%
Cigna0.52%
Sherwin Williams0.52%
Cintas0.52%
Lumentum Holdings0.51%
Moodys Corp0.51%
United Rentals0.50%
Hewlett Packard Enterprise0.50%
Ross Stores Inc0.50%
Oreilly Automotive Inc0.49%
American Electric Power Inc0.49%
Air Products and Chemicals0.48%
Arthur J Gallagher0.48%
Target Corp0.48%
Cummins Inc0.47%

Only in IQSM

220 securities, 85.7% of IQSM by weight

Guardant Health, Inc.0.93%
Roku, Inc. Class A0.84%
Best Buy Co., Inc.0.73%
IDEX Corporation0.72%
HF Sinclair Corporation0.71%
Host Hotels & Resorts, Inc.0.70%
Revvity, Inc.0.70%
Ball Corporation0.70%
Reinsurance Group of America, Incorporated0.69%
Nutanix, Inc. Class A0.69%
Charles River Laboratories International, Inc.0.69%
Zebra Technologies Corporation Class A0.68%
Jones Lang LaSalle Incorporated0.66%
Dynatrace, Inc.0.66%
Masco Corporation0.64%
James Hardie Industries PLC0.63%
Yum China Holdings, Inc.0.63%
Stanley Black & Decker, Inc.0.63%
Hasbro, Inc.0.62%
Halozyme Therapeutics, Inc.0.62%
Gen Digital Inc.0.62%
Exelixis, Inc.0.62%
Carlisle Companies Incorporated0.61%
DocuSign, Inc.0.61%
Medpace Holdings, Inc.0.60%
Neurocrine Biosciences, Inc.0.60%
TransUnion0.59%
Assurant, Inc.0.59%
Manhattan Associates, Inc.0.58%
Omega Healthcare Investors, Inc.0.58%
Glaukos Corp0.58%
Gartner, Inc.0.57%
Aramark0.56%
Avery Dennison Corporation0.56%
GoDaddy, Inc. Class A0.55%
RenaissanceRe Holdings Ltd.0.55%
Skyworks Solutions, Inc.0.55%
J.M. Smucker Company0.55%
Akamai Technologies, Inc.0.55%
Five Below, Inc.0.54%
Encompass Health Corporation0.54%
Crown Holdings, Inc.0.54%
Corebridge Financial, Inc.0.53%
Semtech Corporation0.53%
Healthpeak Properties, Inc.0.53%
Unum Group0.53%
Jazz Pharmaceuticals Public Limited Company0.53%
DT Midstream, Inc.0.53%
Unity Software, Inc.0.52%
RPM International Inc.0.51%

Weight gaps

All 27 Holdings in both funds, largest gap first.

Holding weights in IMCB and IQSM, widest gap first
Holding	More in IMCBMore in IQSM	IMCB	IQSM
Us Foods HoldingUSFD	IQSM +0.76 points	0.16%	0.92%
ViatrisVTRS	IQSM +0.74 points	0.15%	0.89%
PtcPTC	IQSM +0.72 points	0.15%	0.87%
Itt IncITT	IQSM +0.59 points	0.12%	0.71%
Kimco Realty Reit CorpKIM	IQSM +0.56 points	0.11%	0.67%
Td SynnexSNX	IQSM +0.54 points	0.13%	0.67%
Tyler TechnologiesTYL	IQSM +0.54 points	0.11%	0.65%
Wesco InternationalWCC	IQSM +0.53 points	0.11%	0.64%
Macom Technology SolutionsMTSI	IQSM +0.52 points	0.11%	0.63%
Ch Robinson WorldwideCHRW	IQSM +0.51 points	0.10%	0.61%
Trimble IncTRMB	IQSM +0.51 points	0.10%	0.61%
Clean Harbors IncCLH	IQSM +0.51 points	0.10%	0.61%
W. P. Carey ReitWPC	IQSM +0.48 points	0.10%	0.58%
Burlington StoresBURL	IQSM +0.49 points	0.10%	0.59%
Annaly Capital Management ReitNLY	IQSM +0.46 points	0.09%	0.55%
Coeur MiningCDE	IQSM +0.45 points	0.09%	0.54%
Lattice SemiconductorLSCC	IQSM +0.43 points	0.09%	0.52%
Albemarle CorpALB	IQSM +0.38 points	0.07%	0.45%
Nextpower IncNXT	IQSM +0.37 points	0.08%	0.45%
Alcoa CorpAA	IQSM +0.37 points	0.07%	0.44%
News Class ANWSA	IQSM +0.36 points	0.07%	0.43%
Dicks SportingDKS	IQSM +0.30 points	0.06%	0.36%
Api GroupAPG	IQSM +0.22 points	0.12%	0.34%
Amkor TechnologyAMKR	IQSM +0.18 points	0.03%	0.21%
News Class BNWS	IQSM +0.12 points	0.02%	0.14%
Summit TherapeuticsSMMT	IQSM +0.07 points	0.01%	0.08%
East West BancorpEWBC	IQSM +0.06 points	0.12%	0.18%

All 394 IMCB holdings⁠All 245 IQSM 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.

IMCB vs IQSM Cost

Overpaying IQSM vs IMCB

$2,288

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

IMCB 0.04%
$849
IQSM 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

IMCB 0.04%
IQSM 0.15%
Overpaying

Year by year

Year	IMCB	IQSM	Overpaying
10	$73	$274	$201
20	$288	$1,071	$783
30	$849	$3,137	$2,288

Expense ratio

0.04%IMCB, cheaper
0.15%IQSM

IMCB0.04%IQSM0.15%

0.03%0.79%

Middle half of US Mid-Cap funds
Median 0.15%

IMCB 3rd cheapest of 13 funds

IQSM 6th cheapest of 13 funds

IMCB vs IQSM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCB 1.22%, better; IQSM 1.05%
Payout (12M): IMCB $1.20; IQSM $0.41
Last payment: IMCB $0.32; IQSM $0.10
Ex-dividend: IMCB Sep 15, 2026; IQSM Sep 18, 2026
Paid on: IMCB Sep 18, 2026; IQSM Sep 22, 2026
Frequency: IMCB Quarterly; IQSM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCBQuarterly · 40 paymentsAll IMCB payments⁠

IQSMQuarterly · 16 paymentsAll IQSM payments⁠

IMCB vs IQSM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IMCB 13.9%, betterIQSM 15.1%
Return per unit of riskSharpe ratio, 3 years: IMCB 1.16, betterIQSM 0.85
Worst fallMax drawdown, 5 years: IMCB −25.1%IQSM −23.7%since Oct 2022
Market sensitivityBeta, 5 years: IMCB 1.00IQSM 1.09; Market = 1

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