IMCV vs IUS: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Invesco RAFI Strategic US ETF

IUSBNasdaq

Overlap

24.0%by weight

Expense ratio

IMCV −0.13pt a year

IMCV0.06%IUS0.19%

Avg volume · 30D

IUS 1.4×the volume

IMCV38.9KIUS54.8K

5Y return · a year

IUS +3.5pt

IMCV+11.0%IUS+14.5%

IMCV vs IUS Performance

Oct 29, 2021 – Oct 30, 2026

+68.3%IMCV+96.6%IUS

Expense ratio: IMCV 0.06%, better; IUS 0.19%
Fund size: IMCV $1.27B; IUS $1.01B
1Y total return: IMCV +27.0%; IUS +27.0%
Yield (12M): IMCV 1.84%, better; IUS 1.22%
Holdings: IMCV 271; IUS 535
Avg volume (30D): IMCV 38.9K sh; IUS 54.8K sh, better
NAV per share: IMCV $99.16; IUS $70.25
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, IUS, with each pillar’s weight
Pillar	IMCV	IUS
Cost30% weight	A96Higher	A71
Mission25% weight	A76Higher	B64
Risk15% weight	A77	A89Higher
Tradability15% weight	B69Higher	B63
Holdings10% weight	B69Higher	B55
Durability5% weight	A77Higher	B58

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and IUS 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 ›

IMCV ranks 4th and IUS 28th 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 4AIMCViShares Morningstar Mid-Cap Value ETFScore 80
Rank 5ADCORU.S. Core Equity 1 Portfolio ETF Class SharesScore 79
Rank 25BQLCNorthern Trust US Quality Large Cap ETFScore 69
Rank 28BIUSInvesco RAFI Strategic US ETFScore 68
Rank 28BROUSHartford Multifactor US Equity ETFScore 68

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

IUSBInvesco RAFI Strategic US ETF

In short

IMCV No data

IUS Most index funds let the stock market decide who counts as big. IUS ranks US large caps by business size (sales, cash flow, book value, capital returned), screens them for quality, and charges 0.19%.

Stated mandate

IMCV No data

IUS The fund tracks the Invesco Strategic US Index, which selects large US companies using business-size and quality measures and weights securities by float-adjusted business size.

Why people hold it

IMCV No data

IUS At 0.19% a year it undercuts the typical fund in its US multifactor cohort, and sits below FNDX, the best-known fundamentally weighted large-cap rival.
Weighting by economic footprint instead of market cap dilutes the mega-cap crowd: roughly 500 names, none sized by how popular its shares happen to be.invesco.com
The quality screen is concrete, not vague: companies are ranked on how much revenue they wring from their assets and whether that ratio is improving.invesco.com
Live since 2018 and one of the stronger implementations in a crowded US multifactor field. Pays quarterly.

Worth knowing

IMCV No data

IUS Thinly traded next to the category's giants, so bid-ask spreads can run wider.
The index is built by Invesco Indexing LLC, an affiliate of the fund's adviser, rather than an independent third-party provider.sec.gov
Reconstitutes once a year, so its business-size and quality readings refresh annually while prices move every day.invesco.com

Full IMCV profile⁠

Full IUS profile⁠

IMCV vs IUS Holdings

How IMCV and IUS differ

Overlap by weight

24.0%

Shared holdings make up 68.8% of IMCV and 24.6% of IUS.

Level by level

Holdings181 in both24.0%
Sector11 Sectors64.6%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in IMCV and IUS, widest gap first
Sector	More in IMCVMore in IUS	IMCV	IUS
Technology	IUS +17.4 points	6.5%	23.9%
Communication	IUS +10.9 points	1.1%	12.0%
Financials	IMCV +9.4 points	18.5%	9.1%
Utilities	IMCV +8.0 points	9.0%	1.0%
Industrials	IMCV +5.6 points	14.2%	8.6%
Energy	IMCV +4.6 points	13.4%	8.8%
Real Estate	IMCV +4.1 points	4.6%	0.5%
Consumer Discretionary	IUS +4.0 points	6.9%	10.9%
Health Care	IUS +3.2 points	12.2%	15.4%
Materials	IMCV +2.5 points	5.0%	2.5%
Consumer Staples	IMCV +1.4 points	8.7%	7.3%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and IUS, widest gap first
Country	More in IMCVMore in IUS	IMCV	IUS
United States	IMCV +0.1 points	98.7%	98.6%
Switzerland	IUS +0.4 points	0.2%	0.6%
United Kingdom	IMCV +0.4 points	0.5%	0.1%
China	IMCV +0.2 points	0.3%	0.1%
Ireland	IMCV +0.3 points	0.3%	0.0%
Brazil	IUS +0.2 points	0.0%	0.2%
Mexico	IUS +0.2 points	0.0%	0.1%
Canada	IUS +0.1 points	0.0%	0.1%
Other countries (2)	IUS +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
IUS26.7%

Securities held

IMCV268
IUS534

Asset class

IMCV: Equity
IUS: Equity

Holdings

Only in IMCV87
In both181
Only in IUS353

Only in IMCV

87 securities, 31.0% of IMCV by weight

Us Bancorp1.27%
Pnc Financial Services Group1.24%
Elevance Health Inc1.20%
Moderna1.08%
Truist Financial0.82%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Metlife0.73%
Williams0.72%
Xcel Energy Inc0.68%
Strategy Inc Class A0.65%
Exelon Corp0.65%
American Electric Power Inc0.56%
American International Group0.56%
Prudential Financial Inc0.55%
Crh Public Limited PLC0.53%
Diamondback Energy0.53%
Bank of New York Mellon Corp0.52%
Crown Castle Inc0.52%
Realty Income Reit0.48%
Simon Property Group Reit Inc0.47%
M&T Bank0.44%
Huntington Bancshares Inc0.42%
Fifth Third Bancorp0.40%
PG&E Corp0.40%
Arthur J Gallagher0.38%
Vici Pptys Inc0.37%
Fiserv Inc0.36%
State Street0.36%
Royalty Pharma PLC Class A0.34%
Synchrony Financial0.34%
Ameriprise Finance Inc0.34%
Entergy Corp0.34%
Digital Realty Trust Reit0.33%
Principal Financial Group Inc0.33%
Regions Financial0.32%
Smurfit Westrock PLC0.31%
Revolution Medicines0.30%
Edison International0.30%
Global Payments Inc0.29%
Wec Energy Group0.28%
Extra Space Storage Reit0.28%
Nxp Semiconductors NV0.27%
Evergy0.27%
Keycorp0.27%
Sunbelt Rentals Holdings Inc0.27%
Dupont De Nemours0.26%
Alliant Energy Corp0.25%

Only in IUS

353 securities, 75.4% of IUS by weight

Apple Inc4.34%
Microsoft Corp4.12%
Alphabet Inc2.86%
Berkshire Hathaway Inc2.76%
Meta Platforms Inc2.56%
ExxonMobil Holdings Corp2.52%
Amazon.com Inc2.49%
NVIDIA Corp2.02%
Chevron Corp1.64%
UnitedHealth Group Inc1.36%
Johnson & Johnson0.98%
Visa Inc0.95%
Walmart Inc0.92%
Verizon Communications Inc0.92%
AT&T Inc0.88%
McKesson Corp0.85%
CVS Health Corp0.82%
Comcast Corp0.79%
Procter & Gamble Co/The0.77%
Salesforce Inc0.76%
Merck & Co Inc0.75%
Walt Disney Co/The0.69%
ConocoPhillips0.69%
Pfizer Inc0.68%
Broadcom Inc0.67%
AbbVie Inc0.66%
Cencora Inc0.64%
Home Depot Inc/The0.63%
Accenture PLC0.61%
Mastercard Inc0.60%
Costco Wholesale Corp0.59%
Elevance Health Inc0.53%
Eli Lilly & Co0.52%
Thermo Fisher Scientific Inc0.51%
Cisco Systems Inc0.50%
Chubb Ltd0.50%
Micron Technology Inc0.49%
Progressive Corp/The0.48%
RTX Corp0.47%
International Business Machines Corp0.47%
QUALCOMM Inc0.43%
American Express Co0.43%
Abbott Laboratories0.42%
Coca-Cola Co/The0.41%
Medtronic PLC0.39%
PepsiCo Inc0.39%
Danaher Corp0.38%
Amgen Inc0.37%
Advanced Micro Devices Inc0.37%
Bristol-Myers Squibb Co0.36%

Weight gaps

The 100 widest of 181 Holdings in both funds.

Holding weights in IMCV and IUS, widest gap first
Holding	More in IMCVMore in IUS	IMCV	IUS
Automatic Data Processing IncADP	IMCV +1.40 points	1.60%	0.20%
Valero Energy CorpVLO	IMCV +1.07 points	1.57%	0.50%
3MMMM	IMCV +1.06 points	1.23%	0.17%
Regeneron PharmaceuticalsREGN	IMCV +1.02 points	1.25%	0.23%
Phillips 66PSX	IMCV +1.00 points	1.54%	0.54%
Mondelez International Class AMDLZ	IMCV +0.90 points	1.14%	0.24%
SlbSLB	IMCV +0.87 points	1.09%	0.22%
Eog ResourcesEOG	IMCV +0.86 points	1.19%	0.33%
Cheniere EnergyLNG	IMCV +0.76 points	0.93%	0.17%
Travelers CompaniesTRV	IMCV +0.75 points	1.13%	0.38%
Kinder MorganKMI	IMCV +0.74 points	0.91%	0.17%
United Parcel Service Inc Class BUPS	IMCV +0.74 points	1.11%	0.37%
Hewlett Packard EnterpriseHPE	IMCV +0.71 points	1.00%	0.29%
Delta Air LinesDAL	IMCV +0.66 points	0.72%	0.06%
Devon EnergyDVN	IMCV +0.65 points	0.78%	0.13%
OneokOKE	IMCV +0.63 points	0.83%	0.20%
MarshMRSH	IMCV +0.61 points	0.82%	0.21%
Target CorpTGT	IMCV +0.60 points	0.96%	0.36%
Colgate-PalmoliveCL	IMCV +0.56 points	0.69%	0.13%
Paccar IncPCAR	IMCV +0.54 points	0.69%	0.15%
Keurig Dr Pepper IncKDP	IMCV +0.52 points	0.66%	0.14%
Norfolk Southern CorpNSC	IMCV +0.47 points	0.59%	0.12%
Northrop Grumman CorpNOC	IMCV +0.46 points	0.64%	0.18%
Iqvia Holdings IncIQV	IMCV +0.45 points	0.60%	0.15%
Nike Class BNKE	IMCV +0.44 points	0.62%	0.18%
Consolidated EdisonED	IMCV +0.44 points	0.59%	0.15%
PaychexPAYX	IMCV +0.42 points	0.49%	0.07%
BiogenBIIB	IMCV +0.41 points	0.51%	0.10%
Air Products and ChemicalsAPD	IMCV +0.40 points	0.52%	0.12%
United Airlines HoldingsUAL	IMCV +0.40 points	0.46%	0.06%
Occidental Petroleum CorpOXY	IMCV +0.40 points	0.64%	0.24%
Kimberly ClarkKMB	IMCV +0.39 points	0.49%	0.10%
Illinois Tool IncITW	IMCV +0.39 points	0.52%	0.13%
Ge Healthcare TechnologiesGEHC	IMCV +0.39 points	0.48%	0.09%
Public Storage ReitPSA	IMCV +0.38 points	0.47%	0.09%
CignaCI	IMCV +0.38 points	1.04%	0.66%
Targa ResourcesTRGP	IMCV +0.38 points	0.48%	0.10%
Workday Class AWDAY	IMCV +0.37 points	0.53%	0.16%
KenvueKVUE	IMCV +0.35 points	0.46%	0.11%
EbayEBAY	IMCV +0.35 points	0.46%	0.11%
SyscoSYY	IMCV +0.34 points	0.54%	0.20%
PayPal HoldingsPYPL	IMCV +0.34 points	0.67%	0.33%
Hartford Insurance GroupHIG	IMCV +0.33 points	0.50%	0.17%
HalliburtonHAL	IMCV +0.32 points	0.42%	0.10%
Emerson ElectricEMR	IMCV +0.31 points	0.49%	0.18%
Labcorp HoldingsLH	IMCV +0.31 points	0.41%	0.10%
D R HortonDHI	IMCV +0.30 points	0.50%	0.20%
Quest Diagnostics IncDGX	IMCV +0.30 points	0.38%	0.08%
Arch Capital GroupACGL	IMCV +0.29 points	0.48%	0.19%
Dte EnergyDTE	IMCV +0.29 points	0.38%	0.09%
Ppg IndustriesPPG	IMCV +0.27 points	0.36%	0.09%
CsxCSX	IMCV +0.27 points	0.43%	0.16%
Roper TechnologiesROP	IMCV +0.26 points	0.41%	0.15%
Archer Daniels MidlandADM	IMCV +0.26 points	0.48%	0.22%
Agilent Technologies IncA	IMCV +0.26 points	0.35%	0.09%
Dollar General CorpDG	IMCV +0.25 points	0.40%	0.15%
Cognizant Technology Solutions ClaCTSH	IMCV +0.24 points	0.40%	0.16%
International Flavors & FragrancesIFF	IMCV +0.25 points	0.33%	0.08%
Eversource EnergyES	IMCV +0.24 points	0.35%	0.11%
Sherwin WilliamsSHW	IMCV +0.24 points	0.37%	0.13%
Firstenergy CorpFE	IMCV +0.24 points	0.35%	0.11%
Netapp IncNTAP	IMCV +0.24 points	0.34%	0.10%
Zoom Communications Class AZM	IMCV +0.24 points	0.31%	0.07%
Broadridge Financial Solutions IncBR	IMCV +0.23 points	0.28%	0.05%
Public Service Enterprise GroupPEG	IMCV +0.23 points	0.33%	0.10%
T Rowe Price GroupTROW	IMCV +0.22 points	0.30%	0.08%
PultegroupPHM	IMCV +0.22 points	0.32%	0.10%
Wr BerkleyWRB	IMCV +0.22 points	0.28%	0.06%
DowDOW	IMCV +0.22 points	0.34%	0.12%
Brown & Brown IncBRO	IMCV +0.22 points	0.27%	0.05%
Centene CorpCNC	IUS +0.22 points	0.22%	0.44%
Dollar Tree IncDLTR	IMCV +0.21 points	0.33%	0.12%
Omnicom Group IncOMC	IMCV +0.22 points	0.31%	0.09%
Otis WorldwideOTIS	IMCV +0.21 points	0.26%	0.05%
Cbre Group Class ACBRE	IMCV +0.21 points	0.31%	0.10%
Amcor PLCAMCR	IMCV +0.21 points	0.30%	0.09%
Marathon PetroleumMPC	IMCV +0.21 points	0.88%	0.67%
Constellation Brands Class ASTZ	IMCV +0.20 points	0.27%	0.07%
FortiveFTV	IMCV +0.20 points	0.27%	0.07%
EqtEQT	IMCV +0.19 points	0.30%	0.11%
Permian Resources Class APR	IMCV +0.19 points	0.27%	0.08%
Cf Industries Holdings IncCF	IMCV +0.19 points	0.26%	0.07%
ViatrisVTRS	IMCV +0.18 points	0.29%	0.11%
Carnival Corp LtdCCL	IMCV +0.19 points	0.31%	0.12%
Tenet Healthcare CorpTHC	IMCV +0.18 points	0.30%	0.12%
Leidos HoldingsLDOS	IMCV +0.17 points	0.24%	0.07%
Republic Services IncRSG	IMCV +0.18 points	0.26%	0.08%
General MotorsGM	IMCV +0.17 points	1.05%	0.88%
Te Connectivity PLCTEL	IMCV +0.17 points	0.31%	0.14%
Zimmer Biomet HoldingsZBH	IMCV +0.17 points	0.25%	0.08%
OvintivOVV	IMCV +0.17 points	0.27%	0.10%
Mettler ToledoMTD	IMCV +0.16 points	0.21%	0.05%
VylorVYLR	IMCV +0.17 points	0.29%	0.12%
CdwCDW	IMCV +0.17 points	0.27%	0.10%
Ss and C Technologies HoldingsSSNC	IMCV +0.16 points	0.23%	0.07%
Fidelity National Information ServFIS	IMCV +0.16 points	0.27%	0.11%
United RentalsURI	IMCV +0.16 points	0.32%	0.16%
Tractor SupplyTSCO	IMCV +0.17 points	0.23%	0.06%
Ross Stores IncROST	IMCV +0.16 points	0.27%	0.11%
Yum BrandsYUM	IMCV +0.16 points	0.20%	0.04%

All 268 IMCV holdings⁠All 534 IUS 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.

IMCV vs IUS Cost

Overpaying IUS vs IMCV

$2,682

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

IMCV 0.06%
$1,270
IUS 0.19%
$3,952

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
IUS 0.19%
Overpaying

Year by year

Year	IMCV	IUS	Overpaying
10	$110	$347	$237
20	$432	$1,351	$919
30	$1,270	$3,952	$2,682

Expense ratio

0.06%IMCV, cheaper
0.19%IUS

IMCV0.06%IUS0.19%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

IUS 26th cheapest of 99 funds

IMCV vs IUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCV 1.84%, better; IUS 1.22%
Payout (12M): IMCV $1.83; IUS $0.86
Last payment: IMCV $0.52; IUS $0.23
Ex-dividend: IMCV Sep 15, 2026; IUS Sep 21, 2026
Paid on: IMCV Sep 18, 2026; IUS Sep 25, 2026
Frequency: IMCV Quarterly; IUS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

IUSQuarterly · 32 paymentsAll IUS payments⁠

IMCV vs IUS Risk

Fall from peak · 5 years

IMCV
IUS

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%IUS 11.2%, better
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22IUS 1.58, better
Worst fallMax drawdown, 5 years: IMCV −19.9%IUS −18.7%, better
Market sensitivityBeta, 5 years: IMCV 0.88IUS 0.88; Market = 1

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