IMCV vs JPSE: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

JPMorgan Diversified Return U.S. Small Cap Equity ETF

JPSEBNYSE Arca

Overlap

0.0%by weight

Expense ratio

IMCV −0.23pt a year

IMCV0.06%JPSE0.29%

Avg volume · 30D

IMCV 1.9×the volume

IMCV38.9KJPSE20.7K

5Y return · a year

IMCV +4.3pt

IMCV+11.0%JPSE+6.7%

IMCV vs JPSE Performance

Oct 29, 2021 – Oct 30, 2026

+68.3%IMCV+38.1%JPSE

Expense ratio: IMCV 0.06%, better; JPSE 0.29%
Fund size: IMCV $1.27B; JPSE $576M
1Y total return: IMCV +27.0%, better; JPSE +17.6%
Yield (12M): IMCV 1.84%, better; JPSE 1.43%
Holdings: IMCV 271; JPSE 545
Avg volume (30D): IMCV 38.9K sh, better; JPSE 20.7K sh
NAV per share: IMCV $99.16; JPSE $57.55
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, JPSE, with each pillar’s weight
Pillar	IMCV	JPSE
Cost30% weight	A96Higher	B55
Mission25% weight	A76	A89Higher
Risk15% weight	A77Higher	D35
Tradability15% weight	B69Higher	D27
Holdings10% weight	B69	A86Higher
Durability5% weight	A77Higher	B66

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and JPSE 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 JPSE 40th 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 39BJOETVirtus Terranova U.S. Quality Momentum ETFScore 61
Rank 40BJPSEJPMorgan Diversified Return U.S. Small Cap Equity ETFScore 60
Rank 40BUSMFWisdomTree U.S. Multifactor FundScore 60

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

JPSEBJPMorgan Diversified Return U.S. Small Cap Equity ETF

In short

IMCV No data

JPSE Small-cap exposure built to a rulebook instead of to market cap: JPMorgan spreads roughly 600 stocks around, aiming for better risk-adjusted results than a cap-weighted index, at 0.29% a year.

Stated mandate

IMCV No data

JPSE The fund seeks U.S. small-cap equity exposure while pursuing potentially better risk-adjusted returns than a market-cap-weighted index.

Why people hold it

IMCV No data

JPSE 0.29% a year, well under the typical fee in its US small-cap peer group. Cost is the one input you control up front, and this one is priced like an index fund.
Roughly 600 holdings, so no single small-cap stumble drives the fund. Spreading risk is the design, not a byproduct.
The mandate is explicit: chase small-cap returns without inheriting a cap-weighted index's concentration in whatever the market has already bid up.
Running since 2016 and one of the stronger implementations in a crowded small-cap field. It also pays out quarterly.

Worth knowing

IMCV No data

JPSE It trades thinly next to the big index small-cap names, so spreads can widen. Limit orders are the standard tool for funds that trade like this.
Not the cheapest strong option here: DUHP charges 0.20%, AVUV and AVSC 0.25%.
Weighting by rules rather than size means stretches where it looks nothing like the Russell 2000, up or down. That gap is the point, but it can test patience.

Full IMCV profile⁠

Full JPSE profile⁠

IMCV vs JPSE Holdings

How IMCV and JPSE differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of IMCV and 0.0% of JPSE.

Level by level

Holdings0 in both0.0%
Sector11 Sectors78.5%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in IMCV and JPSE, widest gap first
Sector	More in IMCVMore in JPSE	IMCV	JPSE
Real Estate	JPSE +9.7 points	4.6%	14.3%
Financials	IMCV +8.0 points	18.5%	10.5%
Energy	IMCV +5.2 points	13.4%	8.2%
Technology	JPSE +4.6 points	6.5%	11.1%
Materials	JPSE +4.4 points	5.0%	9.4%
Utilities	IMCV +3.7 points	9.0%	5.3%
Industrials	IMCV +2.8 points	14.2%	11.4%
Communication	JPSE +1.9 points	1.1%	3.0%
Health Care	IMCV +1.8 points	12.2%	10.4%
Consumer Discretionary	JPSE +0.9 points	6.9%	7.8%
Consumer Staples	JPSE +0.1 points	8.7%	8.8%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and JPSE, widest gap first
Country	More in IMCVMore in JPSE	IMCV	JPSE
United States	JPSE +0.5 points	98.7%	99.2%
Other countries (6)	IMCV +0.5 points	1.3%	0.8%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
JPSE3.7%

Securities held

IMCV268
JPSE541

Asset class

IMCV: Equity
JPSE: Equity

Holdings

Only in IMCV268
In both0
Only in JPSE541

Only in IMCV

268 securities, 99.9% 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%
Hewlett Packard Enterprise1.00%
Target Corp0.96%
Cheniere Energy0.93%
Kinder Morgan0.91%
Marathon Petroleum0.88%
Oneok0.83%
Truist Financial0.82%
Marsh0.82%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Metlife0.73%
Williams0.72%
Delta Air Lines0.72%
Paccar Inc0.69%
Colgate-Palmolive0.69%
Xcel Energy Inc0.68%
PayPal Holdings0.67%
Keurig Dr Pepper Inc0.66%
Ford Motor Co0.66%
Strategy Inc Class A0.65%
Exelon Corp0.65%
Northrop Grumman Corp0.64%
Occidental Petroleum Corp0.64%
Nike Class B0.62%
Iqvia Holdings Inc0.60%
Consolidated Edison0.59%
Norfolk Southern Corp0.59%
American Electric Power Inc0.56%
American International Group0.56%
Prudential Financial Inc0.55%
Sysco0.54%

Only in JPSE

541 securities, 99.7% of JPSE by weight

Pebblebrook Hotel Trust0.37%
Diamondrock Hospitality0.37%
Signet Jewelers Ltd0.37%
Apple Hospitality Reit0.37%
Dht Holdings Inc Common0.37%
Ligand Pharmaceuticals0.36%
Rlj Lodging Trust Reit0.36%
10X Genomics Inc Common0.36%
Idt Corp Common Stock USD0.36%
Northwestern Energy Group0.35%
Black Hills Corp Common0.35%
Ryman Hospitality0.35%
Qualys Inc Common Stock0.35%
Outfront Media Inc Reit0.35%
Brightspring Health0.34%
Ltc Properties Inc Reit0.34%
International Seaways Inc0.34%
Teekay Tankers Ltd0.34%
Pediatrix Medical Group0.33%
Viasat Inc Common Stock0.33%
Vita Coco Co Inc/The0.33%
Digi International Inc0.33%
Urban Outfitters Inc0.33%
Pbf Energy Inc Common0.33%
Southwest Gas Holdings0.33%
Macerich Co/The Reit USD0.33%
Nutex Health Inc Common0.33%
Cno Financial Group Inc0.33%
United Bankshares Inc/Wv0.32%
Protagonist Therapeutics0.32%
Ingevity Corp Common0.32%
Terreno Realty Corp Reit0.32%
Ashland Inc Common Stock0.32%
Matson Inc Common Stock0.32%
Radnet Inc Common Stock0.32%
Chesapeake Utilities Corp0.32%
Utz Brands Holdings Llc0.32%
Netscout Systems Inc0.31%
Ryerson Holding Corp0.31%
Murphy Oil Corp Common0.31%
Old National Bancorp/In0.31%
Interface Inc Common0.31%
New Jersey Resources0.31%
Dnow Inc Common Stock USD0.31%
Jackson Financial Inc0.31%
Essent Group Ltd Common0.31%
Avista Corp Common Stock0.31%
Ha Sustainable0.31%
Spire Inc Common Stock0.31%
Avient Corp Common Stock0.31%

Weight gaps

IMCV and JPSE share no securities.

All 268 IMCV holdings⁠All 543 JPSE 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 JPSE Cost

Overpaying JPSE vs IMCV

$4,682

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

IMCV 0.06%
$1,270
JPSE 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
JPSE 0.29%
Overpaying

Year by year

Year	IMCV	JPSE	Overpaying
10	$110	$527	$417
20	$432	$2,044	$1,612
30	$1,270	$5,952	$4,682

Expense ratio

0.06%IMCV, cheaper
0.29%JPSE

IMCV0.06%JPSE0.29%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

JPSE 43rd cheapest of 99 funds

IMCV vs JPSE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCV 1.84%, better; JPSE 1.43%
Payout (12M): IMCV $1.83; JPSE $0.82
Last payment: IMCV $0.52; JPSE $0.25
Ex-dividend: IMCV Sep 15, 2026; JPSE Sep 22, 2026
Paid on: IMCV Sep 18, 2026; JPSE Sep 24, 2026
Frequency: IMCV Quarterly; JPSE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

JPSEQuarterly · 37 paymentsAll JPSE payments⁠

IMCV vs JPSE Risk

Fall from peak · 5 years

IMCV
JPSE

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%, betterJPSE 17.0%
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22, betterJPSE 0.77
Worst fallMax drawdown, 5 years: IMCV −19.9%, betterJPSE −25.6%
Market sensitivityBeta, 5 years: IMCV 0.88JPSE 1.01; Market = 1

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