IMCV vs RECS: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Columbia Research Enhanced Core ETF

RECSANYSE Arca

Overlap

18.7%by weight

Expense ratio

IMCV −0.09pt a year

IMCV0.06%RECS0.15%

Avg volume · 30D

RECS 11.9×the volume

IMCV38.9KRECS461K

5Y return · a year

RECS +1.9pt

IMCV+11.0%RECS+12.9%

IMCV vs RECS Performance

Oct 29, 2021 – Oct 30, 2026

+68.3%IMCV+83.1%RECS

Expense ratio: IMCV 0.06%, better; RECS 0.15%
Fund size: IMCV $1.27B; RECS $6.22B
1Y total return: IMCV +27.0%, better; RECS +10.8%
Yield (12M): IMCV 1.84%, better; RECS 1.01%
Holdings: IMCV 271; RECS 358
Avg volume (30D): IMCV 38.9K sh; RECS 461K sh, better
NAV per share: IMCV $99.16; RECS $44.92
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, RECS, with each pillar’s weight
Pillar	IMCV	RECS
Cost30% weight	A96Higher	A83
Mission25% weight	A76	A93Higher
Risk15% weight	A77Higher	B57
Tradability15% weight	B69	A92Higher
Holdings10% weight	B69Higher	D29
Durability5% weight	A77Higher	B55

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and RECS 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 RECS 12th 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 11AGSLCGoldman Sachs ActiveBeta U.S. Large Cap Equity ETFScore 77
Rank 12ARECSColumbia Research Enhanced Core ETFScore 76
Rank 12ASMLFiShares U.S. Small-Cap Equity Factor ETFScore 76

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

RECSAColumbia Research Enhanced Core ETF

In short

IMCV No data

RECS Columbia takes the boring core of a US stock portfolio and runs it through its own value, quality and momentum research screen. Roughly 400 names at 0.15% a year: index-fund pricing on a research-driven build.

Stated mandate

IMCV No data

RECS The Fund seeks results corresponding to the Beta Advantage Research Enhanced U.S. Equity Index, before fees and expenses.

Why people hold it

IMCV No data

RECS 0.15% a year for a researched screen, well under half the going rate in its multifactor cohort.
The value, quality and momentum tilt lives inside a broad book of about 400 US stocks, so it reads as a core position rather than a single-factor bet.
Sticks close to its stated Beta Advantage index, and it is a multi-billion-dollar fund with steady daily volume behind the quotes.
Running since 2019 and one of the stronger implementations in a crowded US multifactor field.

Worth knowing

IMCV No data

RECS Plain-vanilla rivals such as VYM and IUSG charge a fraction as much. The extra basis points here buy the research screen, not broader coverage.
The screen trims rather than reinvents: the portfolio still leans on the same large US names that dominate the broad market, so the tilt shows up slowly.
Distributions come once or twice a year, not quarterly, so the cash arrives on a lumpy schedule.

Full IMCV profile⁠

Full RECS profile⁠

IMCV vs RECS Holdings

How IMCV and RECS differ

Overlap by weight

18.7%

Shared holdings make up 38.3% of IMCV and 19.9% of RECS.

Level by level

Holdings91 in both18.7%
Sector11 Sectors56.1%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in IMCV and RECS, widest gap first
Sector	More in IMCVMore in RECS	IMCV	RECS
Technology	RECS +32.2 points	6.5%	38.7%
Communication	RECS +10.3 points	1.1%	11.4%
Energy	IMCV +9.8 points	13.4%	3.6%
Financials	IMCV +7.2 points	18.5%	11.3%
Utilities	IMCV +7.2 points	9.0%	1.8%
Industrials	IMCV +6.4 points	14.2%	7.8%
Consumer Staples	IMCV +4.5 points	8.7%	4.2%
Materials	IMCV +3.3 points	5.0%	1.7%
Health Care	IMCV +2.9 points	12.2%	9.3%
Real Estate	IMCV +2.6 points	4.6%	2.0%
Consumer Discretionary	RECS +1.4 points	6.9%	8.3%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and RECS, widest gap first
Country	More in IMCVMore in RECS	IMCV	RECS
United States	RECS +1.0 points	98.7%	99.7%
Other countries (6)	IMCV +1.0 points	1.3%	0.3%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
RECS41.6%

Securities held

IMCV268
RECS356

Asset class

IMCV: Equity
RECS: Equity

Holdings

Only in IMCV177
In both91
Only in RECS265

Only in IMCV

177 securities, 61.6% of IMCV by weight

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%
Cheniere Energy0.93%
Kinder Morgan0.91%
Marathon Petroleum0.88%
Oneok0.83%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Williams0.72%
Xcel Energy Inc0.68%
PayPal Holdings0.67%
Keurig Dr Pepper Inc0.66%
Strategy Inc Class A0.65%
Northrop Grumman Corp0.64%
Nike Class B0.62%
Norfolk Southern Corp0.59%
American Electric Power Inc0.56%
American International Group0.56%
Sysco0.54%
Crh Public Limited PLC0.53%
Workday Class A0.53%
Diamondback Energy0.53%
Air Products and Chemicals0.52%
Crown Castle Inc0.52%
Hartford Insurance Group0.50%
Emerson Electric0.49%
Kimberly Clark0.49%
Paychex0.49%
Dell Technologies Inc Class C0.48%
Realty Income Reit0.48%
Arch Capital Group0.48%
Targa Resources0.48%
Archer Daniels Midland0.48%
Ge Healthcare Technologies0.48%
Public Storage Reit0.47%
Simon Property Group Reit Inc0.47%
United Airlines Holdings0.46%
Kenvue0.46%
Ebay0.46%
Allstate Corp0.45%
M&T Bank0.44%

Only in RECS

265 securities, 79.3% of RECS by weight

Apple Inc12.43%
NVIDIA Corp11.63%
Meta Platforms Inc4.12%
Mastercard Inc2.61%
State Street Communication Services Select Sector Spdr Etf2.61%
Micron Technology Inc2.16%
Chevron Corp1.71%
Bank of America Corp1.62%
Tjx Cos Inc/The1.38%
Altria Group Inc1.35%
Vanguard Communication Services Etf1.28%
Palantir Technologies Inc1.08%
Bristol-Myers Squibb Co1.04%
Starbucks Corp1.03%
Citigroup Inc1.01%
Cisco Systems Inc1.01%
Cvs Health Corp0.90%
Parker-Hannifin Corp0.82%
Elevance Health Inc0.78%
Conocophillips0.73%
Charles Schwab Corp/The0.72%
Hilton Worldwide Holdings Inc0.72%
AbbVie Inc0.71%
Fidelity Msci Communication Services Index Etf0.71%
Palo Alto Networks Inc0.70%
Progressive Corp/The0.69%
General Dynamics Corp0.65%
Applied Materials Inc0.62%
Newmont Corp0.61%
Lam Research Corp0.61%
Nextera Energy Inc0.61%
Crowdstrike Holdings Inc0.60%
Equinix Inc0.51%
Cummins Inc0.51%
Fedex Corp0.47%
Becton Dickinson & Co0.47%
Comcast Corp0.46%
American Tower Corp0.44%
Arista Networks Inc0.42%
Amphenol Corp0.42%
Kla Corp0.39%
Accenture PLC0.37%
Sandisk Corp0.36%
Rockwell Automation Inc0.35%
Amgen Inc0.34%
Allstate Corp/The0.33%
Crh PLC0.31%
Gilead Sciences Inc0.29%
Servicenow Inc0.29%
Adobe Inc0.28%

Weight gaps

All 91 Holdings in both funds, largest gap first.

Holding weights in IMCV and RECS, widest gap first
Holding	More in IMCVMore in RECS	IMCV	RECS
Valero Energy CorpVLO	IMCV +1.13 points	1.57%	0.44%
Regeneron PharmaceuticalsREGN	IMCV +1.13 points	1.25%	0.12%
Phillips 66PSX	IMCV +1.09 points	1.54%	0.45%
ModernaMRNA	IMCV +0.97 points	1.08%	0.11%
Hewlett Packard EnterpriseHPE	IMCV +0.81 points	1.00%	0.19%
Us BancorpUSB	IMCV +0.82 points	1.27%	0.45%
Automatic Data Processing IncADP	IMCV +0.76 points	1.60%	0.84%
Truist FinancialTFC	IMCV +0.53 points	0.82%	0.29%
Exelon CorpEXC	IMCV +0.48 points	0.65%	0.17%
MetlifeMET	IMCV +0.47 points	0.73%	0.26%
BiogenBIIB	IMCV +0.46 points	0.51%	0.05%
Occidental Petroleum CorpOXY	IMCV +0.46 points	0.64%	0.18%
Consolidated EdisonED	IMCV +0.44 points	0.59%	0.15%
CignaCI	IMCV +0.41 points	1.04%	0.63%
Ross Stores IncROST	RECS +0.38 points	0.27%	0.65%
Delta Air LinesDAL	IMCV +0.38 points	0.72%	0.34%
Prudential Financial IncPRU	IMCV +0.35 points	0.55%	0.20%
General MotorsGM	IMCV +0.35 points	1.05%	0.70%
MarshMRSH	IMCV +0.35 points	0.82%	0.47%
Paccar IncPCAR	IMCV +0.32 points	0.69%	0.37%
Target CorpTGT	IMCV +0.31 points	0.96%	0.65%
HalliburtonHAL	IMCV +0.30 points	0.42%	0.12%
PG&E CorpPCG	IMCV +0.30 points	0.40%	0.10%
Eversource EnergyES	IMCV +0.26 points	0.35%	0.09%
Firstenergy CorpFE	IMCV +0.26 points	0.35%	0.09%
Revolution MedicinesRVMD	IMCV +0.25 points	0.30%	0.05%
Zoom Communications Class AZM	IMCV +0.24 points	0.31%	0.07%
Vici Pptys IncVICI	IMCV +0.24 points	0.37%	0.13%
Netapp IncNTAP	IMCV +0.24 points	0.34%	0.10%
Ppg IndustriesPPG	IMCV +0.23 points	0.36%	0.13%
Iqvia Holdings IncIQV	IMCV +0.22 points	0.60%	0.38%
Edison InternationalEIX	IMCV +0.22 points	0.30%	0.08%
Synchrony FinancialSYF	IMCV +0.22 points	0.34%	0.12%
Ford Motor CoF	IMCV +0.21 points	0.66%	0.45%
EvergyEVRG	IMCV +0.20 points	0.27%	0.07%
Regions FinancialRF	IMCV +0.20 points	0.32%	0.12%
T Rowe Price GroupTROW	IMCV +0.19 points	0.30%	0.11%
Illumina IncILMN	RECS +0.20 points	0.17%	0.37%
D R HortonDHI	IMCV +0.18 points	0.50%	0.32%
Omnicom Group IncOMC	IMCV +0.18 points	0.31%	0.13%
Cf Industries Holdings IncCF	IMCV +0.16 points	0.26%	0.10%
Entergy CorpETR	IMCV +0.16 points	0.34%	0.18%
KrogerKR	IMCV +0.14 points	0.52%	0.38%
Incyte CorpINCY	IMCV +0.13 points	0.16%	0.03%
Ppl CorpPPL	IMCV +0.14 points	0.23%	0.09%
AmerenAEE	IMCV +0.13 points	0.24%	0.11%
Tenet Healthcare CorpTHC	IMCV +0.13 points	0.30%	0.17%
State StreetSTT	IMCV +0.13 points	0.36%	0.23%
Broadridge Financial Solutions IncBR	IMCV +0.13 points	0.28%	0.15%
Dollar General CorpDG	IMCV +0.13 points	0.40%	0.27%
Roivant Sciences LtdROIV	IMCV +0.12 points	0.15%	0.03%
FortiveFTV	IMCV +0.12 points	0.27%	0.15%
PultegroupPHM	IMCV +0.11 points	0.32%	0.21%
Annaly Capital Management ReitNLY	IMCV +0.11 points	0.18%	0.07%
Leidos HoldingsLDOS	IMCV +0.11 points	0.24%	0.13%
Cms EnergyCMS	IMCV +0.11 points	0.19%	0.08%
ViatrisVTRS	IMCV +0.11 points	0.29%	0.18%
Atmos EnergyATO	IMCV +0.11 points	0.21%	0.10%
Expedia GroupEXPE	RECS +0.10 points	0.20%	0.30%
TapestryTPR	RECS +0.10 points	0.11%	0.21%
Zimmer Biomet HoldingsZBH	IMCV +0.10 points	0.25%	0.15%
United TherapeuticsUTHR	IMCV +0.10 points	0.13%	0.03%
Kraft HeinzKHC	IMCV +0.09 points	0.29%	0.20%
Ferguson EnterprisesFERG	RECS +0.09 points	0.24%	0.33%
Fox Class AFOXA	IMCV +0.09 points	0.17%	0.08%
Cardinal HealthCAH	RECS +0.09 points	0.36%	0.45%
Colgate-PalmoliveCL	RECS +0.08 points	0.69%	0.77%
F5FFIV	IMCV +0.08 points	0.13%	0.05%
NvrNVR	IMCV +0.08 points	0.21%	0.13%
General Mills IncGIS	IMCV +0.07 points	0.25%	0.18%
Otis WorldwideOTIS	IMCV +0.06 points	0.26%	0.20%
Fox Class BFOX	IMCV +0.05 points	0.10%	0.05%
Sba Communications Reit Corp ClassSBAC	IMCV +0.05 points	0.15%	0.10%
Illinois Tool IncITW	RECS +0.05 points	0.52%	0.57%
Raymond JamesRJF	IMCV +0.05 points	0.19%	0.14%
Tyson Foods Inc Class ATSN	IMCV +0.05 points	0.22%	0.17%
Packaging Corp of AmericaPKG	IMCV +0.06 points	0.17%	0.11%
Northern TrustNTRS	IMCV +0.05 points	0.21%	0.16%
Centene CorpCNC	RECS +0.05 points	0.22%	0.27%
Invitation HomesINVH	IMCV +0.03 points	0.11%	0.08%
VeraltoVLTO	RECS +0.04 points	0.15%	0.19%
Reliance Steel & AluminumRS	IMCV +0.03 points	0.14%	0.11%
Las Vegas SandsLVS	RECS +0.03 points	0.06%	0.09%
Southwest AirlinesLUV	RECS +0.02 points	0.11%	0.13%
Snap On IncSNA	IMCV +0.02 points	0.15%	0.13%
Sun Communities Reit IncSUI	IMCV +0.02 points	0.08%	0.06%
Technipfmc PLCFTI	IMCV +0.02 points	0.12%	0.10%
Bank of New York Mellon CorpBNY	IMCV +0.01 points	0.52%	0.51%
Zoetis Inc Class AZTS	RECS +0.01 points	0.26%	0.27%
Expeditors International of WashinEXPD	RECS +0.01 points	0.17%	0.18%
WatscoWSO	Same weight	0.07%	0.07%

All 268 IMCV holdings⁠All 376 RECS 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 RECS Cost

Overpaying RECS vs IMCV

$1,867

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

IMCV 0.06%
$1,270
RECS 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
RECS 0.15%
Overpaying

Year by year

Year	IMCV	RECS	Overpaying
10	$110	$274	$164
20	$432	$1,071	$639
30	$1,270	$3,137	$1,867

Expense ratio

0.06%IMCV, cheaper
0.15%RECS

IMCV0.06%RECS0.15%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

RECS 13th cheapest of 99 funds

IMCV vs RECS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCV 1.84%, better; RECS 1.01%
Payout (12M): IMCV $1.83; RECS $0.45
Last payment: IMCV $0.52; RECS $0.45
Ex-dividend: IMCV Sep 15, 2026; RECS Dec 18, 2025
Paid on: IMCV Sep 18, 2026; RECS Dec 26, 2025
Frequency: IMCV Quarterly; RECS Annual

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

RECSAnnual · 7 paymentsAll RECS payments⁠

IMCV vs RECS Risk

Fall from peak · 5 years

IMCV
RECS

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%RECS 11.5%, better
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22RECS 1.53, better
Worst fallMax drawdown, 5 years: IMCV −19.9%, betterRECS −22.1%
Market sensitivityBeta, 5 years: IMCV 0.88RECS 0.88; Market = 1

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