IMCV vs OMFS: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Invesco Russell 2000 Dynamic Multifactor ETF

OMFSCCboe

Overlap

0.0%by weight

Expense ratio

IMCV −0.33pt a year

IMCV0.06%OMFS0.39%

Avg volume · 30D

IMCV 3.4×the volume

IMCV38.9KOMFS11.5K

5Y return · a year

IMCV +5.9pt

IMCV+11.0%OMFS+5.1%

IMCV vs OMFS Performance

Oct 29, 2021 – Oct 30, 2026

+68.3%IMCV+28.2%OMFS

Expense ratio: IMCV 0.06%, better; OMFS 0.39%
Fund size: IMCV $1.27B; OMFS $267M
1Y total return: IMCV +27.0%, better; OMFS +15.8%
Yield (12M): IMCV 1.84%, better; OMFS 1.29%
Holdings: IMCV 271; OMFS 1100
Avg volume (30D): IMCV 38.9K sh, better; OMFS 11.5K sh
NAV per share: IMCV $99.16; OMFS $49.84
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, OMFS, with each pillar’s weight
Pillar	IMCV	OMFS
Cost30% weight	A96Higher	D34
Mission25% weight	A76	A80Higher
Risk15% weight	A77Higher	D28
Tradability15% weight	B69Higher	D32
Holdings10% weight	B69	A74Higher
Durability5% weight	A77Higher	C51

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and OMFS 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 OMFS 66th 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 64CSPVMInvesco S&P 500 Value with Momentum ETFScore 50
Rank 66COMFSInvesco Russell 2000 Dynamic Multifactor ETFScore 49
Rank 66CQSMLWisdomTree U.S. SmallCap Quality Growth FundScore 49

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

OMFSCInvesco Russell 2000 Dynamic Multifactor ETF

In short

IMCV No data

OMFS Most multifactor funds pick a blend of tilts and hold it forever. OMFS's index rereads the economic cycle and reshuffles its tilts across the Russell 2000, making it one of the few small-cap factor funds built to change its mind on a schedule.

Stated mandate

IMCV No data

OMFS The fund invests at least 80% of its assets in securities comprising its Index. The Index uses rules-based reweighting of Russell 2000 small-cap securities according to economic cycles and market conditions.

Why people hold it

IMCV No data

OMFS The index reweights Russell 2000 small caps by economic cycle and market conditions, leaning on styles like value, momentum, quality and low volatility rather than freezing one blend.invesco.com
Roughly 1,100 small caps, with at least 80% of assets in index securities. The tilts rotate; the diversification underneath stays broad.
Live since 2017, so the rotation rules have run through real regimes, not just a backtest. Distributions come quarterly.
Holdings stay close to the index it names, one of the tighter mandate implementations among multifactor funds.

Worth knowing

IMCV No data

OMFS 0.39% a year sits above the typical multifactor ETF and far above plain-vanilla index products in the group. The cycle rotation is what the extra buys.
Thinly traded, so bid-ask spreads can run wider than the household-name small-cap funds. Matters most on big or hurried orders.
PSC, the other multifactor fund here tied to the same Russell 2000 starting universe, charges 0.38%. The choice between them is about method, not price.

Full IMCV profile⁠

Full OMFS profile⁠

IMCV vs OMFS Holdings

How IMCV and OMFS differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Sector11 Sectors70.1%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in IMCV and OMFS, widest gap first
Sector	More in IMCVMore in OMFS	IMCV	OMFS
Financials	OMFS +10.9 points	18.5%	29.4%
Energy	IMCV +9.6 points	13.4%	3.8%
Utilities	IMCV +8.4 points	9.0%	0.6%
Real Estate	OMFS +7.9 points	4.6%	12.5%
Technology	OMFS +6.8 points	6.5%	13.3%
Consumer Staples	IMCV +5.5 points	8.7%	3.2%
Industrials	IMCV +4.2 points	14.2%	10.0%
Materials	IMCV +2.3 points	5.0%	2.7%
Health Care	OMFS +2.0 points	12.2%	14.2%
Consumer Discretionary	OMFS +1.8 points	6.9%	8.7%
Communication	OMFS +0.4 points	1.1%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and OMFS, widest gap first
Country	More in IMCVMore in OMFS	IMCV	OMFS
United States	OMFS +0.3 points	98.7%	99.0%
United Kingdom	IMCV +0.4 points	0.5%	0.1%
Brazil	OMFS +0.3 points	0.0%	0.3%
China	IMCV +0.3 points	0.3%	0.0%
Ireland	IMCV +0.3 points	0.3%	0.0%
Switzerland	OMFS +0.1 points	0.2%	0.3%
Taiwan	OMFS +0.2 points	0.0%	0.2%
Canada	OMFS +0.1 points	0.0%	0.1%
Other countries (2)	OMFS +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
OMFS11.5%

Securities held

IMCV268
OMFS1,099

Asset class

IMCV: Equity
OMFS: Equity

Holdings

Only in IMCV268
In both0
Only in OMFS1,099

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 OMFS

1,099 securities, 100% of OMFS by weight

CareTrust REIT Inc1.61%
FirstCash Holdings Inc1.35%
Brinker International Inc1.23%
SSR Mining Inc1.19%
Terreno Realty Corp1.17%
MYR Group Inc1.10%
Silicon Laboratories Inc1.08%
Krystal Biotech Inc0.97%
Victory Capital Holdings Inc0.92%
Piper Sandler Cos0.88%
Acadian Asset Management Inc0.88%
Clear Secure Inc0.85%
Moelis & Co0.83%
Essent Group Ltd0.76%
Ryman Hospitality Properties Inc0.74%
Travere Therapeutics Inc0.71%
Alkermes PLC0.69%
WisdomTree Inc0.68%
Kulicke & Soffa Industries Inc0.65%
InterDigital Inc0.63%
RXO Inc0.62%
First Tracks Biotherapeutics Inc0.60%
Zurn Elkay Water Solutions Corp0.56%
Radian Group Inc0.56%
Outfront Media Inc0.54%
OneSpaWorld Holdings Ltd0.52%
PJT Partners Inc0.52%
St Joe Co/The0.51%
CareDx Inc0.50%
Kite Realty Group Trust0.49%
Super Group SGHC Ltd0.49%
Essential Properties Realty Trust Inc0.47%
Plexus Corp0.47%
Cargurus Inc0.47%
Champion Homes Inc0.46%
ePlus Inc0.45%
Tanger Inc0.45%
Matson Inc0.45%
Cohen & Steers Inc0.45%
Ideaya Biosciences Inc0.45%
AnaptysBio Inc0.44%
Balchem Corp0.44%
Enova International Inc0.43%
Frontdoor Inc0.43%
HA Sustainable Infrastructure Capital Inc0.42%
National HealthCare Corp0.42%
Power Integrations Inc0.42%
Cal-Maine Foods Inc0.41%
Diodes Inc0.41%
EnerSys0.41%

Weight gaps

IMCV and OMFS share no securities.

All 268 IMCV holdings⁠All 1,099 OMFS 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 OMFS Cost

Overpaying OMFS vs IMCV

$6,628

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

IMCV 0.06%
$1,270
OMFS 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
OMFS 0.39%
Overpaying

Year by year

Year	IMCV	OMFS	Overpaying
10	$110	$705	$595
20	$432	$2,725	$2,293
30	$1,270	$7,898	$6,628

Expense ratio

0.06%IMCV, cheaper
0.39%OMFS

IMCV0.06%OMFS0.39%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

OMFS 64th cheapest of 99 funds

IMCV vs OMFS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCV 1.84%, better; OMFS 1.29%
Payout (12M): IMCV $1.83; OMFS $0.64
Last payment: IMCV $0.52; OMFS $0.20
Ex-dividend: IMCV Sep 15, 2026; OMFS Sep 21, 2026
Paid on: IMCV Sep 18, 2026; OMFS Sep 25, 2026
Frequency: IMCV Quarterly; OMFS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

OMFSQuarterly · 36 paymentsAll OMFS payments⁠

IMCV vs OMFS Risk

Fall from peak · 5 years

IMCV
OMFS

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%, betterOMFS 17.2%
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22, betterOMFS 0.75
Worst fallMax drawdown, 5 years: IMCV −19.9%, betterOMFS −29.2%
Market sensitivityBeta, 5 years: IMCV 0.88OMFS 1.00; Market = 1

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