IMCV vs LRGF: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

iShares U.S. Equity Factor ETF

LRGFANYSE Arca

Overlap

12.6%by weight

Expense ratio

IMCV −0.02pt a year

IMCV0.06%LRGF0.08%

Avg volume · 30D

LRGF 4.4×the volume

IMCV38.9KLRGF172K

10Y return · a year

LRGF +2.7pt

IMCV+11.3%LRGF+14.0%

IMCV vs LRGF Performance

Nov 2, 2021 – Nov 2, 2026

+66.8%IMCV+82.7%LRGF

Expense ratio: IMCV 0.06%, better; LRGF 0.08%
Fund size: IMCV $1.27B; LRGF $3.65B
1Y total return: IMCV +27.6%, better; LRGF +10.5%
Yield (12M): IMCV 1.83%, better; LRGF 1.08%
Holdings: IMCV 271; LRGF 305
Avg volume (30D): IMCV 38.9K sh; LRGF 172K sh, better
NAV per share: IMCV $99.16; LRGF $76.99
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, LRGF, with each pillar’s weight
Pillar	IMCV	LRGF
Cost30% weight	A96Higher	A95
Mission25% weight	A76	A93Higher
Risk15% weight	A77Higher	C54
Tradability15% weight	B69	A77Higher
Holdings10% weight	B69Higher	D39
Durability5% weight	A77	A86Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and LRGF 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 LRGF 5th 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 5AIUSGiShares Core S&P U.S. Growth ETFScore 79
Rank 5ALRGFiShares U.S. Equity Factor ETFScore 79
Rank 5AQUSState Street SPDR MSCI USA StrategicFactors ETFScore 79

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

LRGFAiShares U.S. Equity Factor ETF

In short

IMCV No data

LRGF Four factor tilts (value, quality, momentum, low volatility) blended into one roughly 300-stock U.S. portfolio, priced at 0.08%: a fraction of what the typical multifactor fund charges.

Stated mandate

IMCV No data

LRGF The fund seeks to track an index of U.S. stocks selected through value, quality, momentum, low-volatility, and size factors. It is positioned as a diversified core U.S. equity portfolio using a multifactor strategy.

Why people hold it

IMCV No data

LRGF Charges 0.08% a year against a 0.32% median for multifactor peers. Factor machinery at close to plain index-fund pricing.
One ticker, four screens: value, quality, momentum and low volatility, spread across about 300 U.S. stocks instead of a single-factor bet.ishares.com
Live since 2015 and now a multi-billion-dollar iShares fund that pays quarterly. This strategy has been through real market cycles, not a backtest.
Stands in the top quartile of a 107-fund multifactor cohort, one of the stronger implementations in a very crowded field.

Worth knowing

IMCV No data

LRGF Blending four factors can mute any single one, and the mix can drift from a plain cap-weighted large-cap index in either direction.
Straight-style peers go cheaper still: IUSG and VYM run at 0.04%. The factor engineering carries a small premium over vanilla exposure.
Moderately traded rather than one of the category's most active names, so order size and timing matter more than with the largest core funds.

Full IMCV profile⁠

Full LRGF profile⁠

IMCV vs LRGF Holdings

How IMCV and LRGF differ

Overlap by weight

12.6%

Shared holdings make up 35.5% of IMCV and 14.4% of LRGF.

Level by level

Holdings75 in both12.6%
Sector11 Sectors57.7%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in IMCV and LRGF, widest gap first
Sector	More in IMCVMore in LRGF	IMCV	LRGF
Technology	LRGF +30.7 points	6.5%	37.2%
Energy	IMCV +10.0 points	13.4%	3.4%
Communication	LRGF +8.2 points	1.1%	9.3%
Utilities	IMCV +7.0 points	9.0%	2.0%
Financials	IMCV +6.7 points	18.5%	11.8%
Industrials	IMCV +6.2 points	14.2%	8.0%
Consumer Staples	IMCV +4.1 points	8.7%	4.6%
Real Estate	IMCV +3.5 points	4.6%	1.1%
Consumer Discretionary	LRGF +3.4 points	6.9%	10.3%
Materials	IMCV +3.3 points	5.0%	1.7%
Health Care	IMCV +1.6 points	12.2%	10.6%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and LRGF, widest gap first
Country	More in IMCVMore in LRGF	IMCV	LRGF
United States	LRGF +0.5 points	98.7%	99.2%
United Kingdom	IMCV +0.4 points	0.5%	0.1%
China	Same weight	0.3%	0.3%
Ireland	IMCV +0.3 points	0.3%	0.0%
Brazil	LRGF +0.2 points	0.0%	0.2%
Switzerland	IMCV +0.2 points	0.2%	0.0%
Finland	LRGF +0.2 points	0.0%	0.2%
Mexico	LRGF +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
LRGF34.5%

Securities held

IMCV268
LRGF302

Asset class

IMCV: Equity
LRGF: Equity

Holdings

Only in IMCV193
In both75
Only in LRGF227

Only in IMCV

193 securities, 64.5% of IMCV by weight

Phillips 661.54%
Us Bancorp1.27%
Regeneron Pharmaceuticals1.25%
Pnc Financial Services Group1.24%
United Parcel Service Inc Class B1.11%
Slb1.09%
Moderna1.08%
Cheniere Energy0.93%
Oneok0.83%
Truist Financial0.82%
Marsh0.82%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Metlife0.73%
Williams0.72%
Delta Air Lines0.72%
Paccar Inc0.69%
Colgate-Palmolive0.69%
Xcel Energy Inc0.68%
Keurig Dr Pepper Inc0.66%
Strategy Inc Class A0.65%
Occidental Petroleum Corp0.64%
Nike Class B0.62%
Norfolk Southern Corp0.59%
American Electric Power Inc0.56%
Prudential Financial Inc0.55%
Sysco0.54%
Workday Class A0.53%
Diamondback Energy0.53%
Air Products and Chemicals0.52%
Illinois Tool Inc0.52%
Biogen0.51%
D R Horton0.50%
Hartford Insurance Group0.50%
Kimberly Clark0.49%
Paychex0.49%
Realty Income Reit0.48%
Arch Capital Group0.48%
Targa Resources0.48%
Archer Daniels Midland0.48%
Public Storage Reit0.47%
Kenvue0.46%
M&T Bank0.44%
Csx0.43%
Huntington Bancshares Inc0.42%
Halliburton0.42%
Roper Technologies0.41%
Labcorp Holdings0.41%

Only in LRGF

227 securities, 85.6% of LRGF by weight

Apple7.16%
NVIDIA7.00%
Microsoft5.40%
Alphabet Class C3.25%
Amazon.com Inc3.04%
Broadcom Inc2.41%
Meta Platforms Class A1.85%
JPMorgan Chase & Co1.51%
Eli Lilly1.46%
Visa Class A1.40%
Micron Technology1.27%
Tesla Inc1.27%
Johnson & Johnson1.23%
Exxonmobil Holdings Corp1.15%
AbbVie1.01%
Advanced Micro Devices0.97%
Walmart0.92%
Altria Group Inc0.86%
Ge Aerospace0.77%
Aercap Holdings0.65%
Gilead Sciences0.65%
Chevron0.65%
Mastercard Class A0.65%
Palantir Technologies Class A0.63%
Booking Holdings0.61%
Lam Research0.61%
Procter & Gamble0.60%
Alphabet Class A0.60%
AT&T0.57%
Wells Fargo0.56%
Cisco Systems Inc0.56%
Amgen Inc0.55%
Bristol Myers Squibb0.54%
Verizon Communications Inc0.53%
Coca-Cola0.52%
Linde PLC0.51%
Goldman Sachs Group0.51%
Berkshire Hathaway Inc Class B0.49%
Pfizer0.46%
Space Exploration Technologies Cor0.46%
Bank of America0.45%
Kla0.43%
Trane Technologies PLC0.43%
Applied Material Inc0.43%
Philip Morris International0.42%
Ralph Lauren Class A0.42%
Pepsico0.40%
Caterpillar Inc0.40%
Merck & Co Inc0.39%
Docusign0.37%

Weight gaps

All 75 Holdings in both funds, largest gap first.

Holding weights in IMCV and LRGF, widest gap first
Holding	More in IMCVMore in LRGF	IMCV	LRGF
Automatic Data Processing IncADP	IMCV +1.32 points	1.60%	0.28%
Valero Energy CorpVLO	IMCV +1.29 points	1.57%	0.28%
Elevance Health IncELV	IMCV +1.17 points	1.20%	0.03%
Eog ResourcesEOG	IMCV +1.18 points	1.19%	0.01%
3MMMM	IMCV +1.11 points	1.23%	0.12%
Mondelez International Class AMDLZ	IMCV +1.04 points	1.14%	0.10%
CignaCI	IMCV +0.95 points	1.04%	0.09%
Hewlett Packard EnterpriseHPE	IMCV +0.86 points	1.00%	0.14%
Kinder MorganKMI	IMCV +0.80 points	0.91%	0.11%
Becton DickinsonBDX	IMCV +0.67 points	0.74%	0.07%
Target CorpTGT	IMCV +0.66 points	0.96%	0.30%
PayPal HoldingsPYPL	IMCV +0.60 points	0.67%	0.07%
Iqvia Holdings IncIQV	IMCV +0.55 points	0.60%	0.05%
Crh Public Limited PLCCRH	IMCV +0.51 points	0.53%	0.02%
Northrop Grumman CorpNOC	IMCV +0.51 points	0.64%	0.13%
Travelers CompaniesTRV	IMCV +0.49 points	1.13%	0.64%
Bank of New York Mellon CorpBNY	LRGF +0.47 points	0.52%	0.99%
United Airlines HoldingsUAL	IMCV +0.43 points	0.46%	0.03%
Ford Motor CoF	IMCV +0.40 points	0.66%	0.26%
General MotorsGM	IMCV +0.39 points	1.05%	0.66%
Crown Castle IncCCI	IMCV +0.39 points	0.52%	0.13%
Cognizant Technology Solutions ClaCTSH	IMCV +0.38 points	0.40%	0.02%
Consolidated EdisonED	IMCV +0.37 points	0.59%	0.22%
HumanaHUM	IMCV +0.35 points	0.41%	0.06%
Emerson ElectricEMR	IMCV +0.29 points	0.49%	0.20%
Netapp IncNTAP	IMCV +0.29 points	0.34%	0.05%
Marathon PetroleumMPC	IMCV +0.29 points	0.88%	0.59%
Allstate CorpALL	IMCV +0.27 points	0.45%	0.18%
Exelon CorpEXC	IMCV +0.27 points	0.65%	0.38%
ViatrisVTRS	IMCV +0.26 points	0.29%	0.03%
Simon Property Group Reit IncSPG	IMCV +0.26 points	0.47%	0.21%
Kraft HeinzKHC	IMCV +0.26 points	0.29%	0.03%
Fidelity National Information ServFIS	IMCV +0.24 points	0.27%	0.03%
Entergy CorpETR	IMCV +0.24 points	0.34%	0.10%
Omnicom Group IncOMC	IMCV +0.24 points	0.31%	0.07%
Technipfmc PLCFTI	LRGF +0.24 points	0.12%	0.36%
Nxp Semiconductors NVNXPI	IMCV +0.23 points	0.27%	0.04%
American International GroupAIG	IMCV +0.24 points	0.56%	0.32%
Principal Financial Group IncPFG	IMCV +0.24 points	0.33%	0.09%
Edison InternationalEIX	IMCV +0.23 points	0.30%	0.07%
Williams Sonoma IncWSM	LRGF +0.21 points	0.23%	0.44%
NucorNUE	IMCV +0.20 points	0.32%	0.12%
Dell Technologies Inc Class CDELL	IMCV +0.20 points	0.48%	0.28%
L3HARRIS TechnologiesLHX	IMCV +0.19 points	0.26%	0.07%
American Water WorksAWK	IMCV +0.18 points	0.23%	0.05%
KrogerKR	IMCV +0.17 points	0.52%	0.35%
TapestryTPR	LRGF +0.17 points	0.11%	0.28%
Yum BrandsYUM	IMCV +0.14 points	0.20%	0.06%
Dupont De NemoursDD	IMCV +0.14 points	0.26%	0.12%
EbayEBAY	LRGF +0.13 points	0.46%	0.59%
Cf Industries Holdings IncCF	IMCV +0.14 points	0.26%	0.12%
Ge Healthcare TechnologiesGEHC	IMCV +0.14 points	0.48%	0.34%
Northern TrustNTRS	LRGF +0.13 points	0.21%	0.34%
Cardinal HealthCAH	IMCV +0.13 points	0.36%	0.23%
Tenet Healthcare CorpTHC	IMCV +0.12 points	0.30%	0.18%
Td SynnexSNX	IMCV +0.12 points	0.15%	0.03%
Vivmark ResidentialVMRK	LRGF +0.12 points	0.07%	0.19%
Fox Class AFOXA	LRGF +0.11 points	0.17%	0.28%
Expedia GroupEXPE	LRGF +0.11 points	0.20%	0.31%
F5FFIV	IMCV +0.11 points	0.13%	0.02%
Leidos HoldingsLDOS	IMCV +0.10 points	0.24%	0.14%
Charter Communications Class ACHTR	IMCV +0.10 points	0.15%	0.05%
Illumina IncILMN	IMCV +0.07 points	0.17%	0.10%
Te Connectivity PLCTEL	IMCV +0.06 points	0.31%	0.25%
Steel Dynamics IncSTLD	IMCV +0.05 points	0.14%	0.09%
Las Vegas SandsLVS	IMCV +0.04 points	0.06%	0.02%
Reliance Steel & AluminumRS	IMCV +0.04 points	0.14%	0.10%
State StreetSTT	LRGF +0.04 points	0.36%	0.40%
Nrg Energy IncNRG	IMCV +0.03 points	0.14%	0.11%
Expeditors International of WashinEXPD	IMCV +0.03 points	0.17%	0.14%
Mettler ToledoMTD	LRGF +0.02 points	0.21%	0.23%
Synchrony FinancialSYF	IMCV +0.01 points	0.34%	0.33%
Ulta Beauty IncULTA	LRGF +0.01 points	0.16%	0.17%
Atmos EnergyATO	Same weight	0.21%	0.21%
Hologic Inc	Same weight	0.00%	0.00%

All 268 IMCV holdings⁠All 302 LRGF 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 LRGF Cost

Overpaying LRGF vs IMCV

$419

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

IMCV 0.06%
$1,270
LRGF 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
LRGF 0.08%
Overpaying

Year by year

Year	IMCV	LRGF	Overpaying
10	$110	$147	$37
20	$432	$575	$143
30	$1,270	$1,689	$419

Expense ratio

0.06%IMCV, cheaper
0.08%LRGF

IMCV0.06%LRGF0.08%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

LRGF 6th cheapest of 99 funds

IMCV vs LRGF Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IMCV 1.83%, better; LRGF 1.08%
Payout (12M): IMCV $1.83; LRGF $0.83
Last payment: IMCV $0.52; LRGF $0.20
Ex-dividend: IMCV Sep 15, 2026; LRGF Sep 15, 2026
Paid on: IMCV Sep 18, 2026; LRGF Sep 18, 2026
Frequency: IMCV Quarterly; LRGF Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

LRGFQuarterly · 40 paymentsAll LRGF payments⁠

IMCV vs LRGF Risk

Fall from peak · 5 years

IMCV
LRGF

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%LRGF 12.5%, better
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22LRGF 1.43, better
Worst fallMax drawdown, 5 years: IMCV −19.9%, betterLRGF −21.6%
Market sensitivityBeta, 5 years: IMCV 0.87LRGF 0.99; Market = 1

IMCV and LRGF in the news

All news⁠

Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026LRGF
ETF Filings
Tidal Trust III files to add a Wermers quantitative U.S. large-cap ETF
Sep 11, 2026LRGF

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IMCV vs LRGF

In short

Stated mandate

Why people hold it

Worth knowing

How IMCV and LRGF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMCV

Only in LRGF

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

US multifactor funds ran 30 points apart

Tidal Trust III files to add a Wermers quantitative U.S. large-cap ETF

How IMCV and LRGF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMCV

Only in LRGF

Weight gaps