IMCV vs JPME: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPMEBNYSE Arca

Overlap

29.4%by weight

Expense ratio

IMCV −0.18pt a year

IMCV0.06%JPME0.24%

Avg volume · 30D

IMCV 3.1×the volume

IMCV38.9KJPME12.7K

10Y return · a year

JPME +0.1pt

IMCV+11.3%JPME+11.4%

IMCV vs JPME Performance

Nov 2, 2021 – Nov 2, 2026

+66.8%IMCV+47.9%JPME

Expense ratio: IMCV 0.06%, better; JPME 0.24%
Fund size: IMCV $1.27B; JPME $493M
1Y total return: IMCV +27.6%, better; JPME +20.2%
Yield (12M): IMCV 1.83%, better; JPME 1.77%
Holdings: IMCV 271; JPME 345
Avg volume (30D): IMCV 38.9K sh, better; JPME 12.7K sh
NAV per share: IMCV $99.16; JPME $124.79
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, JPME, with each pillar’s weight
Pillar	IMCV	JPME
Cost30% weight	A96Higher	B66
Mission25% weight	A76	A89Higher
Risk15% weight	A77Higher	B58
Tradability15% weight	B69Higher	D31
Holdings10% weight	B69	A80Higher
Durability5% weight	A77Higher	B66

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and JPME 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 JPME 31st 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 31BGSSCGoldman Sachs ActiveBeta U.S. Small Cap Equity ETFScore 66
Rank 31BJPMEJPMorgan Diversified Return U.S. Mid Cap Equity ETFScore 66
Rank 31BMFUSPIMCO RAFI Dynamic Multi-Factor U.S. Equity ETFScore 66

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

JPMEBJPMorgan Diversified Return U.S. Mid Cap Equity ETF

In short

IMCV No data

JPME Multifactor investing mostly happens in large caps. JPME takes J.P. Morgan's value, quality and momentum rules down a size tier, spreading roughly 400 mid-cap names across an index built to beat plain cap weighting on a risk-adjusted basis.

Stated mandate

IMCV No data

JPME The fund seeks U.S. mid-cap equity exposure and aims for better risk-adjusted returns than a market-cap-weighted index.

Why people hold it

IMCV No data

JPME Three factors in one ticker: value, quality and momentum, applied by published index rules rather than a stock picker's judgment.jpmorgan.com
Charges 0.24% a year, under the median fee in its multifactor peer group, which is unusual for a rules-heavy strategy fund.
Spread across roughly 400 mid-cap stocks, so no single holding carries the strategy.
Sticks tightly to its stated index, one of the closer implementations in a crowded multifactor field, and has been running since 2016.

Worth knowing

IMCV No data

JPME Thinly traded next to the giant index funds, so bid-ask spreads and order size deserve more attention here than with a household-name ETF.
The index deliberately departs from cap weighting to chase better risk-adjusted results, which means stretches where it moves differently from a standard mid-cap benchmark.jpmorgan.com
Distributions land quarterly, not monthly, and this is a growth-oriented equity mandate rather than an income one.

Full IMCV profile⁠

Full JPME profile⁠

IMCV vs JPME Holdings

How IMCV and JPME differ

Overlap by weight

29.4%

Shared holdings make up 39.1% of JPME and 37.4% of IMCV.

Level by level

Holdings119 in both29.4%
Sector11 Sectors79.6%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in IMCV and JPME, widest gap first
Sector	More in IMCVMore in JPME	IMCV	JPME
Financials	IMCV +10.1 points	18.5%	8.4%
Real Estate	JPME +7.1 points	4.6%	11.7%
Energy	IMCV +6.2 points	13.4%	7.2%
Industrials	IMCV +3.8 points	14.2%	10.4%
Technology	JPME +3.4 points	6.5%	9.9%
Communication	JPME +2.9 points	1.1%	4.0%
Materials	JPME +2.2 points	5.0%	7.2%
Consumer Discretionary	JPME +1.9 points	6.9%	8.8%
Consumer Staples	JPME +1.8 points	8.7%	10.5%
Utilities	JPME +1.2 points	9.0%	10.2%
Health Care	IMCV +0.3 points	12.2%	11.9%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and JPME, widest gap first
Country	More in IMCVMore in JPME	IMCV	JPME
United States	JPME +0.1 points	98.7%	98.8%
United Kingdom	IMCV +0.2 points	0.5%	0.3%
Switzerland	JPME +0.2 points	0.2%	0.4%
China	IMCV +0.3 points	0.3%	0.0%
Ireland	IMCV +0.3 points	0.3%	0.0%
Mexico	JPME +0.3 points	0.0%	0.3%
Belgium	JPME +0.1 points	0.0%	0.1%
India	JPME +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
JPME5.1%

Securities held

IMCV268
JPME343

Asset class

IMCV: Equity
JPME: Equity

Holdings

Only in IMCV149
In both119
Only in JPME224

Only in IMCV

149 securities, 62.5% of IMCV by weight

Automatic Data Processing Inc1.60%
Valero Energy Corp1.57%
Phillips 661.54%
Us Bancorp1.27%
Regeneron Pharmaceuticals1.25%
Pnc Financial Services Group1.24%
3M1.23%
Elevance Health Inc1.20%
Eog Resources1.19%
Mondelez International Class A1.14%
Travelers Companies1.13%
United Parcel Service Inc Class B1.11%
Slb1.09%
Moderna1.08%
General Motors1.05%
Cigna1.04%
Target Corp0.96%
Marathon Petroleum0.88%
Truist Financial0.82%
Marsh0.82%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Metlife0.73%
Williams0.72%
Delta Air Lines0.72%
Paccar Inc0.69%
Colgate-Palmolive0.69%
PayPal Holdings0.67%
Ford Motor Co0.66%
Strategy Inc Class A0.65%
Northrop Grumman Corp0.64%
Occidental Petroleum Corp0.64%
Nike Class B0.62%
Norfolk Southern Corp0.59%
American Electric Power Inc0.56%
American International Group0.56%
Prudential Financial Inc0.55%
Crh Public Limited PLC0.53%
Workday Class A0.53%
Diamondback Energy0.53%
Bank of New York Mellon Corp0.52%
Air Products and Chemicals0.52%
Crown Castle Inc0.52%
Illinois Tool Inc0.52%
Emerson Electric0.49%
Dell Technologies Inc Class C0.48%
Arch Capital Group0.48%
Ge Healthcare Technologies0.48%

Only in JPME

224 securities, 60.8% of JPME by weight

Skyworks Solutions Inc0.72%
Exelixis Inc Common Stock0.48%
Halozyme Therapeutics0.47%
Revvity Inc Common Stock0.47%
Host Hotels & Resorts0.47%
Apa Corp Common Stock USD0.46%
Brown-Forman Corp Common0.45%
Hasbro Inc Common Stock0.45%
Coca-Cola Consolidated0.45%
Pinnacle West Capital0.44%
Oge Energy Corp Common0.43%
Becton Dickinson & Co0.43%
Hf Sinclair Corp Common0.43%
Macy's Inc Common Stock0.43%
Reinsurance Group of0.43%
Medpace Holdings Inc0.43%
Lamar Advertising Co0.42%
Smucker(J.m.)co Com Stk0.42%
Fastenal Co Common Stock0.42%
Ww Grainger Inc Common0.42%
Lamb Weston Holdings Inc0.42%
Ametek Inc Common Stock0.41%
Ugi Corp Common Stock0.41%
Jones Lang Lasalle Inc0.41%
Omega Healthcare0.41%
Range Resources Corp0.41%
Roku Inc Common Stock USD0.41%
Ryder System Inc Common0.40%
Match Group Inc Common0.40%
Texas Roadhouse Inc0.40%
Caci International Inc0.40%
Lincoln Electric Holdings0.40%
Msc Industrial Direct Co0.40%
Vivmark Residential Reit0.39%
Idacorp Inc Common Stock0.38%
Avnet Inc Common Stock0.37%
Popular Inc Common Stock0.37%
Iridium Communications0.37%
Epr Properties Reit USD0.37%
Ralph Lauren Corp Common0.37%
Mdu Resources Group Inc0.37%
Carlisle Cos Inc Common0.37%
Clearway Ener-C Rg0.37%
Scotts Miracle-Gro0.37%
Gen Digital Inc Common0.36%
Globus Medical Inc Common0.36%
Regency Centers Corp0.36%
Casey's General Stores0.36%
Brixmor Property Group0.35%
Royal Gold Inc0.35%

Weight gaps

The 100 widest of 119 Holdings in both funds.

Holding weights in IMCV and JPME, widest gap first
Holding	More in IMCVMore in JPME	IMCV	JPME
Cheniere EnergyLNG	IMCV +0.72 points	0.93%	0.21%
Hewlett Packard EnterpriseHPE	IMCV +0.60 points	1.00%	0.40%
Kinder MorganKMI	IMCV +0.52 points	0.91%	0.39%
OneokOKE	IMCV +0.52 points	0.83%	0.31%
Devon EnergyDVN	IMCV +0.37 points	0.78%	0.41%
Xcel Energy IncXEL	IMCV +0.36 points	0.68%	0.32%
Targa ResourcesTRGP	IMCV +0.36 points	0.48%	0.12%
United TherapeuticsUTHR	JPME +0.33 points	0.13%	0.46%
Keurig Dr Pepper IncKDP	IMCV +0.31 points	0.66%	0.35%
Iqvia Holdings IncIQV	IMCV +0.31 points	0.60%	0.29%
Hershey FoodsHSY	JPME +0.30 points	0.10%	0.40%
PaychexPAYX	IMCV +0.29 points	0.49%	0.20%
Exelon CorpEXC	IMCV +0.28 points	0.65%	0.37%
Reliance Steel & AluminumRS	JPME +0.28 points	0.14%	0.42%
Us Foods HoldingUSFD	JPME +0.25 points	0.15%	0.40%
Illumina IncILMN	JPME +0.25 points	0.17%	0.42%
Packaging Corp of AmericaPKG	JPME +0.24 points	0.17%	0.41%
Snap On IncSNA	JPME +0.24 points	0.15%	0.39%
Williams Sonoma IncWSM	JPME +0.23 points	0.23%	0.46%
D R HortonDHI	IMCV +0.23 points	0.50%	0.27%
Tyson Foods Inc Class ATSN	JPME +0.23 points	0.22%	0.45%
Cognizant Technology Solutions ClaCTSH	IMCV +0.22 points	0.40%	0.18%
SyscoSYY	IMCV +0.22 points	0.54%	0.32%
Technipfmc PLCFTI	JPME +0.22 points	0.12%	0.34%
Incyte CorpINCY	JPME +0.22 points	0.16%	0.38%
First Citizens Bancshares Class AFCNCA	JPME +0.22 points	0.17%	0.39%
TapestryTPR	JPME +0.22 points	0.11%	0.33%
NisourceNI	JPME +0.21 points	0.15%	0.36%
Steel Dynamics IncSTLD	JPME +0.21 points	0.14%	0.35%
F5FFIV	JPME +0.21 points	0.13%	0.34%
Church and Dwight IncCHD	JPME +0.21 points	0.17%	0.38%
Expand EnergyEXE	JPME +0.21 points	0.10%	0.31%
GarminGRMN	JPME +0.20 points	0.20%	0.40%
Realty Income ReitO	IMCV +0.20 points	0.48%	0.28%
KrogerKR	IMCV +0.18 points	0.52%	0.34%
Principal Financial Group IncPFG	IMCV +0.18 points	0.33%	0.15%
Performance Food GroupPFGC	JPME +0.17 points	0.21%	0.38%
Hp IncHPQ	IMCV +0.17 points	0.36%	0.19%
EvergyEVRG	JPME +0.16 points	0.27%	0.43%
Td SynnexSNX	JPME +0.16 points	0.15%	0.31%
Atmos EnergyATO	JPME +0.15 points	0.21%	0.36%
ViatrisVTRS	JPME +0.16 points	0.29%	0.45%
Charter Communications Class ACHTR	JPME +0.16 points	0.15%	0.31%
Permian Resources Class APR	JPME +0.15 points	0.27%	0.42%
Dollar General CorpDG	IMCV +0.15 points	0.40%	0.25%
HalliburtonHAL	IMCV +0.15 points	0.42%	0.27%
Albemarle CorpALB	JPME +0.15 points	0.07%	0.22%
LoewsL	JPME +0.15 points	0.16%	0.31%
Consolidated EdisonED	IMCV +0.14 points	0.59%	0.45%
W. P. Carey ReitWPC	JPME +0.14 points	0.19%	0.33%
OvintivOVV	JPME +0.14 points	0.27%	0.41%
Fox Class AFOXA	JPME +0.14 points	0.17%	0.31%
Essex Property Trust ReitESS	JPME +0.14 points	0.12%	0.26%
Alliant Energy CorpLNT	JPME +0.14 points	0.25%	0.39%
M&T BankMTB	IMCV +0.13 points	0.44%	0.31%
BiogenBIIB	IMCV +0.13 points	0.51%	0.38%
Huntington Bancshares IncHBAN	IMCV +0.12 points	0.42%	0.30%
Darden Restaurants IncDRI	JPME +0.12 points	0.20%	0.32%
Hartford Insurance GroupHIG	IMCV +0.13 points	0.50%	0.37%
Ppl CorpPPL	JPME +0.12 points	0.23%	0.35%
Centerpoint EnergyCNP	JPME +0.13 points	0.20%	0.33%
International Flavors & FragrancesIFF	JPME +0.11 points	0.33%	0.44%
Archer Daniels MidlandADM	IMCV +0.12 points	0.48%	0.36%
PG&E CorpPCG	IMCV +0.12 points	0.40%	0.28%
Kraft HeinzKHC	JPME +0.12 points	0.29%	0.41%
Kimberly ClarkKMB	JPME +0.11 points	0.49%	0.60%
Tenet Healthcare CorpTHC	JPME +0.11 points	0.30%	0.41%
ResmedRMD	JPME +0.11 points	0.21%	0.32%
Cf Industries Holdings IncCF	JPME +0.10 points	0.26%	0.36%
Alcoa CorpAA	JPME +0.10 points	0.14%	0.24%
Wec Energy GroupWEC	JPME +0.11 points	0.28%	0.39%
Citizens Financial Group IncCFG	JPME +0.11 points	0.18%	0.29%
Omnicom Group IncOMC	IMCV +0.11 points	0.31%	0.20%
Cbre Group Class ACBRE	IMCV +0.10 points	0.31%	0.21%
Kimco Realty Reit CorpKIM	JPME +0.10 points	0.23%	0.33%
Fifth Third BancorpFITB	IMCV +0.10 points	0.40%	0.30%
Nrg Energy IncNRG	JPME +0.10 points	0.14%	0.24%
NucorNUE	JPME +0.09 points	0.32%	0.41%
Vici Pptys IncVICI	IMCV +0.09 points	0.37%	0.28%
Bunge Global SABG	JPME +0.08 points	0.18%	0.26%
United Airlines HoldingsUAL	IMCV +0.08 points	0.46%	0.38%
Expedia GroupEXPE	JPME +0.09 points	0.20%	0.29%
American Water WorksAWK	JPME +0.09 points	0.23%	0.32%
Royalty Pharma PLC Class ARPRX	JPME +0.08 points	0.34%	0.42%
Ss and C Technologies HoldingsSSNC	JPME +0.08 points	0.23%	0.31%
General Mills IncGIS	JPME +0.08 points	0.25%	0.33%
Lyondellbasell Industries Class ALYB	JPME +0.08 points	0.24%	0.32%
Dicks SportingDKS	JPME +0.07 points	0.13%	0.20%
Sun Communities Reit IncSUI	JPME +0.08 points	0.08%	0.16%
AmerenAEE	JPME +0.08 points	0.24%	0.32%
Annaly Capital Management ReitNLY	JPME +0.08 points	0.18%	0.26%
Entergy CorpETR	JPME +0.06 points	0.34%	0.40%
Netapp IncNTAP	JPME +0.06 points	0.34%	0.40%
NvrNVR	IMCV +0.06 points	0.21%	0.15%
Constellation Brands Class ASTZ	JPME +0.06 points	0.27%	0.33%
Cardinal HealthCAH	JPME +0.06 points	0.36%	0.42%
Leidos HoldingsLDOS	JPME +0.06 points	0.24%	0.30%
VylorVYLR	JPME +0.05 points	0.29%	0.34%
Coeur MiningCDE	IMCV +0.06 points	0.19%	0.13%
Quest Diagnostics IncDGX	JPME +0.05 points	0.38%	0.43%

All 268 IMCV holdings⁠All 342 JPME 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 JPME Cost

Overpaying JPME vs IMCV

$3,689

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

IMCV 0.06%
$1,270
JPME 0.24%
$4,959

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
JPME 0.24%
Overpaying

Year by year

Year	IMCV	JPME	Overpaying
10	$110	$437	$327
20	$432	$1,699	$1,267
30	$1,270	$4,959	$3,689

Expense ratio

0.06%IMCV, cheaper
0.24%JPME

IMCV0.06%JPME0.24%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

JPME 35th cheapest of 99 funds

IMCV vs JPME Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IMCV 1.83%, better; JPME 1.77%
Payout (12M): IMCV $1.83; JPME $2.22
Last payment: IMCV $0.52; JPME $0.58
Ex-dividend: IMCV Sep 15, 2026; JPME Sep 22, 2026
Paid on: IMCV Sep 18, 2026; JPME Sep 24, 2026
Frequency: IMCV Quarterly; JPME Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

JPMEQuarterly · 36 paymentsAll JPME payments⁠

IMCV vs JPME Risk

Fall from peak · 5 years

IMCV
JPME

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%JPME 13.1%, better
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22, betterJPME 1.00
Worst fallMax drawdown, 5 years: IMCV −19.9%JPME −19.3%, better
Market sensitivityBeta, 5 years: IMCV 0.87JPME 0.77; Market = 1

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