IMCV vs JPUS: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

JPMorgan Diversified Return U.S. Equity ETF

JPUSBNYSE Arca

Overlap

29.9%by weight

Expense ratio

IMCV −0.12pt a year

IMCV0.06%JPUS0.18%

Avg volume · 30D

IMCV 4.8×the volume

IMCV38.9KJPUS8.12K

10Y return · a year

JPUS +0.8pt

IMCV+11.1%JPUS+11.9%

IMCV vs JPUS Performance

Oct 29, 2021 – Oct 30, 2026

+68.3%IMCV+57.2%JPUS

Expense ratio: IMCV 0.06%, better; JPUS 0.18%
Fund size: IMCV $1.27B; JPUS $466M
1Y total return: IMCV +27.0%, better; JPUS +19.7%
Yield (12M): IMCV 1.84%; JPUS 2.00%, better
Holdings: IMCV 271; JPUS 370
Avg volume (30D): IMCV 38.9K sh, better; JPUS 8.12K sh
NAV per share: IMCV $99.16; JPUS $142.33
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, JPUS, with each pillar’s weight
Pillar	IMCV	JPUS
Cost30% weight	A96Higher	A77
Mission25% weight	A76	A78Higher
Risk15% weight	A77	A79Higher
Tradability15% weight	B69Higher	D29
Holdings10% weight	B69	A81Higher
Durability5% weight	A77Higher	B63

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and JPUS 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 JPUS 25th 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 25BFLRGFidelity U.S. Multifactor ETFScore 69
Rank 25BJPUSJPMorgan Diversified Return U.S. Equity ETFScore 69
Rank 25BQLCNorthern Trust US Quality Large Cap ETFScore 69

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

JPUSBJPMorgan Diversified Return U.S. Equity ETF

In short

IMCV No data

JPUS Most US equity funds start from market cap. JPUS starts from a J.P. Morgan index that spreads its bets across value, quality and momentum, and charges roughly half the typical multifactor fee to do it.

Stated mandate

IMCV No data

JPUS The fund seeks domestic equity exposure while aiming for better risk-adjusted returns than a market-cap-weighted index.

Why people hold it

IMCV No data

JPUS 0.18% a year against a 0.32% median for its multifactor peer group. The factor tilt costs less here than on most of the shelf.
Three factors (value, quality, momentum) spread across roughly 400 stocks, so no single style has to be in favor for the portfolio to do its job.jpmorgan.com
Running its own index since 2015, with a stated aim of better risk-adjusted returns than a market-cap-weighted benchmark rather than raw beat-the-market bragging.jpmorgan.com
The underlying basket is one of the better-built ones in its multifactor cohort, and the fund sits in the upper half of that group overall.

Worth knowing

IMCV No data

JPUS Thinly traded next to the household names in the category, so spreads and order size matter more at the moment you hit the button.
Plainer peers undercut it on fee: VONV at 0.06%, VYM at 0.04%. The multifactor machinery is what the extra basis points buy.
Built to look different from the cap-weighted market, which cuts both ways depending on which stocks are leading.

Full IMCV profile⁠

Full JPUS profile⁠

IMCV vs JPUS Holdings

How IMCV and JPUS differ

Overlap by weight

29.9%

Shared holdings make up 51.3% of IMCV and 36.4% of JPUS.

Level by level

Holdings124 in both29.9%
Sector11 Sectors79.3%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in IMCV and JPUS, widest gap first
Sector	More in IMCVMore in JPUS	IMCV	JPUS
Financials	IMCV +10.1 points	18.5%	8.3%
Energy	IMCV +6.3 points	13.4%	7.1%
Real Estate	JPUS +6.1 points	4.6%	10.7%
Industrials	IMCV +4.2 points	14.2%	10.0%
Technology	JPUS +4.0 points	6.5%	10.5%
Communication	JPUS +3.7 points	1.1%	4.8%
Consumer Staples	JPUS +2.7 points	8.7%	11.4%
Materials	JPUS +1.8 points	5.0%	6.8%
Consumer Discretionary	JPUS +1.5 points	6.9%	8.4%
Utilities	JPUS +0.7 points	9.0%	9.7%
Health Care	JPUS +0.3 points	12.2%	12.5%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and JPUS, widest gap first
Country	More in IMCVMore in JPUS	IMCV	JPUS
Switzerland	JPUS +0.5 points	0.2%	0.7%
Other countries (6)	IMCV +0.5 points	99.8%	99.3%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
JPUS4.6%

Securities held

IMCV268
JPUS369

Asset class

IMCV: Equity
JPUS: Equity

Holdings

Only in IMCV144
In both124
Only in JPUS245

Only in IMCV

144 securities, 48.6% of IMCV by weight

Automatic Data Processing Inc1.60%
Pnc Financial Services Group1.24%
3M1.23%
Elevance Health Inc1.20%
United Parcel Service Inc Class B1.11%
Slb1.09%
Moderna1.08%
General Motors1.05%
Oneok0.83%
Truist Financial0.82%
Marsh0.82%
Sempra0.77%
Becton Dickinson0.74%
Metlife0.73%
Delta Air Lines0.72%
PayPal Holdings0.67%
Keurig Dr Pepper Inc0.66%
Strategy Inc Class A0.65%
Northrop Grumman Corp0.64%
Occidental Petroleum Corp0.64%
Iqvia Holdings Inc0.60%
Norfolk Southern Corp0.59%
American International Group0.56%
Crh Public Limited PLC0.53%
Workday Class A0.53%
Diamondback Energy0.53%
Air Products and Chemicals0.52%
Emerson Electric0.49%
Paychex0.49%
Dell Technologies Inc Class C0.48%
Arch Capital Group0.48%
Targa Resources0.48%
Ge Healthcare Technologies0.48%
Kenvue0.46%
Allstate Corp0.45%
M&T Bank0.44%
Halliburton0.42%
Roper Technologies0.41%
Humana0.41%
PG&E Corp0.40%
Arthur J Gallagher0.38%
Sherwin Williams0.37%
Ppg Industries0.36%
Fiserv Inc0.36%
Hp Inc0.36%
Agilent Technologies Inc0.35%
Dow0.34%
Dollar Tree Inc0.33%
Digital Realty Trust Reit0.33%
Principal Financial Group Inc0.33%

Only in JPUS

245 securities, 63.6% of JPUS by weight

Apa Corp Common Stock0.49%
Exxonmobil Holdings Corp0.47%
Exelixis Inc Common Stock0.47%
Philip Morris0.46%
Conocophillips Common0.46%
Host Hotels & Resorts0.46%
Halozyme Therapeutics0.46%
Gilead Sciences Inc0.45%
Chevron Corp Common Stock0.45%
AbbVie Inc Common Stock0.43%
Pinnacle West Capital0.43%
Apple Inc Common Stock0.43%
The Coca-Cola Company0.43%
Amgen Inc Common Stock0.43%
Altria Group Inc Common0.43%
Skyworks Solutions Inc0.42%
Monster Beverage Corp0.42%
Macy's Inc Common Stock0.42%
Lamar Advertising Co0.42%
J M Smucker Co/The Common0.41%
Becton Dickinson & Co0.41%
Omega Healthcare0.41%
Ecolab Inc Common Stock0.40%
Ugi Corp Common Stock0.40%
Nextera Energy Inc0.40%
Analog Devices Inc0.40%
Welltower Inc0.40%
Johnson & Johnson Common0.40%
Jones Lang Lasalle Inc0.39%
Ww Grainger Inc Common0.39%
Mckesson Corp Common0.38%
Amphenol Corp Common0.38%
Clean Harbors Inc Common0.38%
Iridium Communications0.38%
Oge Energy Corp Common0.38%
Coca-Cola Consolidated0.38%
The Procter & Gamble0.38%
Lumentum Holdings Inc0.37%
Motorola Solutions Inc0.37%
Merck & Co Inc Common0.37%
Berkshire Hathaway Inc0.37%
Vivmark Residential Reit0.37%
Roku Inc Common Stock USD0.37%
General Dynamics Corp0.36%
Duke Energy Corp Common0.36%
Hf Sinclair Corp Common0.36%
Eaton Corp PLC Common0.36%
Ralph Lauren Corp Common0.36%
Parker-Hannifin Corp0.36%
Southern Copper Corp0.36%

Weight gaps

The 100 widest of 124 Holdings in both funds.

Holding weights in IMCV and JPUS, widest gap first
Holding	More in IMCVMore in JPUS	IMCV	JPUS
Valero Energy CorpVLO	IMCV +1.14 points	1.57%	0.43%
Phillips 66PSX	IMCV +1.10 points	1.54%	0.44%
Regeneron PharmaceuticalsREGN	IMCV +1.00 points	1.25%	0.25%
Us BancorpUSB	IMCV +0.98 points	1.27%	0.29%
Cheniere EnergyLNG	IMCV +0.90 points	0.93%	0.03%
Travelers CompaniesTRV	IMCV +0.88 points	1.13%	0.25%
Eog ResourcesEOG	IMCV +0.83 points	1.19%	0.36%
Mondelez International Class AMDLZ	IMCV +0.82 points	1.14%	0.32%
CignaCI	IMCV +0.77 points	1.04%	0.27%
AflacAFL	IMCV +0.67 points	0.76%	0.09%
Paccar IncPCAR	IMCV +0.65 points	0.69%	0.04%
Nike Class BNKE	IMCV +0.59 points	0.62%	0.03%
Target CorpTGT	IMCV +0.58 points	0.96%	0.38%
Hewlett Packard EnterpriseHPE	IMCV +0.58 points	1.00%	0.42%
Kinder MorganKMI	IMCV +0.53 points	0.91%	0.38%
Dominion EnergyD	IMCV +0.48 points	0.77%	0.29%
Prudential Financial IncPRU	IMCV +0.47 points	0.55%	0.08%
Ford Motor CoF	IMCV +0.43 points	0.66%	0.23%
Marathon PetroleumMPC	IMCV +0.42 points	0.88%	0.46%
Crown Castle IncCCI	IMCV +0.40 points	0.52%	0.12%
Xcel Energy IncXEL	IMCV +0.36 points	0.68%	0.32%
Devon EnergyDVN	IMCV +0.35 points	0.78%	0.43%
WilliamsWMB	IMCV +0.33 points	0.72%	0.39%
United TherapeuticsUTHR	JPUS +0.32 points	0.13%	0.45%
United Airlines HoldingsUAL	IMCV +0.31 points	0.46%	0.15%
Colgate-PalmoliveCL	IMCV +0.29 points	0.69%	0.40%
EbayEBAY	IMCV +0.28 points	0.46%	0.18%
D R HortonDHI	IMCV +0.26 points	0.50%	0.24%
CsxCSX	IMCV +0.26 points	0.43%	0.17%
Reliance Steel & AluminumRS	JPUS +0.26 points	0.14%	0.40%
Us Foods HoldingUSFD	JPUS +0.24 points	0.15%	0.39%
Church and Dwight IncCHD	JPUS +0.24 points	0.17%	0.41%
EqtEQT	IMCV +0.23 points	0.30%	0.07%
Realty Income ReitO	IMCV +0.23 points	0.48%	0.25%
Technipfmc PLCFTI	JPUS +0.23 points	0.12%	0.35%
Exelon CorpEXC	IMCV +0.23 points	0.65%	0.42%
Illinois Tool IncITW	IMCV +0.23 points	0.52%	0.29%
Williams Sonoma IncWSM	JPUS +0.21 points	0.23%	0.44%
NisourceNI	JPUS +0.21 points	0.15%	0.36%
KeycorpKEY	IMCV +0.21 points	0.27%	0.06%
International Flavors & FragrancesIFF	IMCV +0.21 points	0.33%	0.12%
First Citizens Bancshares Class AFCNCA	JPUS +0.21 points	0.17%	0.38%
Hershey FoodsHSY	JPUS +0.21 points	0.10%	0.31%
Carrier GlobalCARR	IMCV +0.20 points	0.26%	0.06%
GarminGRMN	JPUS +0.20 points	0.20%	0.40%
Steel Dynamics IncSTLD	JPUS +0.20 points	0.14%	0.34%
KrogerKR	IMCV +0.19 points	0.52%	0.33%
Tyson Foods Inc Class ATSN	JPUS +0.19 points	0.22%	0.41%
Regions FinancialRF	IMCV +0.18 points	0.32%	0.14%
Permian Resources Class APR	JPUS +0.18 points	0.27%	0.45%
SyscoSYY	IMCV +0.17 points	0.54%	0.37%
BiogenBIIB	IMCV +0.18 points	0.51%	0.33%
Essex Property Trust ReitESS	JPUS +0.17 points	0.12%	0.29%
Td SynnexSNX	JPUS +0.17 points	0.15%	0.32%
Kimco Realty Reit CorpKIM	JPUS +0.17 points	0.23%	0.40%
Bank of New York Mellon CorpBNY	IMCV +0.16 points	0.52%	0.36%
Huntington Bancshares IncHBAN	IMCV +0.16 points	0.42%	0.26%
Snap On IncSNA	JPUS +0.16 points	0.15%	0.31%
Dollar General CorpDG	IMCV +0.16 points	0.40%	0.24%
Incyte CorpINCY	JPUS +0.16 points	0.16%	0.32%
Consolidated EdisonED	IMCV +0.15 points	0.59%	0.44%
EvergyEVRG	JPUS +0.15 points	0.27%	0.42%
Expedia GroupEXPE	JPUS +0.15 points	0.20%	0.35%
American Electric Power IncAEP	IMCV +0.14 points	0.56%	0.42%
Hartford Insurance GroupHIG	IMCV +0.14 points	0.50%	0.36%
Wr BerkleyWRB	IMCV +0.14 points	0.28%	0.14%
Cognizant Technology Solutions ClaCTSH	IMCV +0.14 points	0.40%	0.26%
W. P. Carey ReitWPC	JPUS +0.14 points	0.19%	0.33%
AmerenAEE	JPUS +0.14 points	0.24%	0.38%
NvrNVR	IMCV +0.13 points	0.21%	0.08%
Packaging Corp of AmericaPKG	JPUS +0.13 points	0.17%	0.30%
TapestryTPR	JPUS +0.13 points	0.11%	0.24%
Kimberly ClarkKMB	IMCV +0.12 points	0.49%	0.37%
Edison InternationalEIX	JPUS +0.12 points	0.30%	0.42%
VeraltoVLTO	IMCV +0.11 points	0.15%	0.04%
Tenet Healthcare CorpTHC	JPUS +0.11 points	0.30%	0.41%
Archer Daniels MidlandADM	IMCV +0.12 points	0.48%	0.36%
Cf Industries Holdings IncCF	JPUS +0.11 points	0.26%	0.37%
Ppl CorpPPL	JPUS +0.11 points	0.23%	0.34%
Ameriprise Finance IncAMP	IMCV +0.11 points	0.34%	0.23%
NucorNUE	JPUS +0.10 points	0.32%	0.42%
Fifth Third BancorpFITB	IMCV +0.10 points	0.40%	0.30%
Talen EnergyTLN	IMCV +0.10 points	0.11%	0.01%
Wec Energy GroupWEC	JPUS +0.10 points	0.28%	0.38%
Charter Communications Class ACHTR	JPUS +0.09 points	0.15%	0.24%
ResmedRMD	JPUS +0.09 points	0.21%	0.30%
Citizens Financial Group IncCFG	JPUS +0.09 points	0.18%	0.27%
Fox Class AFOXA	JPUS +0.08 points	0.17%	0.25%
Dte EnergyDTE	IMCV +0.08 points	0.38%	0.30%
Darden Restaurants IncDRI	JPUS +0.08 points	0.20%	0.28%
Royalty Pharma PLC Class ARPRX	JPUS +0.08 points	0.34%	0.42%
ViatrisVTRS	JPUS +0.08 points	0.29%	0.37%
Fidelity National Financial IncFNF	JPUS +0.08 points	0.14%	0.22%
Public Storage ReitPSA	IMCV +0.07 points	0.47%	0.40%
Entergy CorpETR	JPUS +0.07 points	0.34%	0.41%
Bunge Global SABG	IMCV +0.08 points	0.18%	0.10%
Netapp IncNTAP	JPUS +0.07 points	0.34%	0.41%
Atmos EnergyATO	JPUS +0.07 points	0.21%	0.28%
Kraft HeinzKHC	JPUS +0.07 points	0.29%	0.36%
General Mills IncGIS	JPUS +0.07 points	0.25%	0.32%

All 268 IMCV holdings⁠All 369 JPUS 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 JPUS Cost

Overpaying JPUS vs IMCV

$2,479

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

IMCV 0.06%
$1,270
JPUS 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
JPUS 0.18%
Overpaying

Year by year

Year	IMCV	JPUS	Overpaying
10	$110	$328	$218
20	$432	$1,281	$849
30	$1,270	$3,749	$2,479

Expense ratio

0.06%IMCV, cheaper
0.18%JPUS

IMCV0.06%JPUS0.18%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

JPUS 24th cheapest of 99 funds

IMCV vs JPUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCV 1.84%; JPUS 2.00%, better
Payout (12M): IMCV $1.83; JPUS $2.85
Last payment: IMCV $0.52; JPUS $0.73
Ex-dividend: IMCV Sep 15, 2026; JPUS Sep 22, 2026
Paid on: IMCV Sep 18, 2026; JPUS Sep 24, 2026
Frequency: IMCV Quarterly; JPUS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

JPUSQuarterly · 36 paymentsAll JPUS payments⁠

IMCV vs JPUS Risk

Fall from peak · 5 years

IMCV
JPUS

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%JPUS 12.1%, better
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22, betterJPUS 1.11
Worst fallMax drawdown, 5 years: IMCV −19.9%JPUS −19.0%, better
Market sensitivityBeta, 5 years: IMCV 0.88JPUS 0.67; Market = 1

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