IMCV vs SEUS: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

SEI QiM U.S. Equity Factor Allocation Active ETF

SEUSCNasdaq

Overlap

18.1%by weight

Expense ratio

IMCV −0.24pt a year

IMCV0.06%SEUS0.30%

Avg volume · 30D

SEUS 15.2×the volume

IMCV38.9KSEUS590K

IMCV vs SEUS Performance

Jul 31, 2026 – Nov 2, 2026

+4.9%IMCV+1.1%SEUS

Expense ratio: IMCV 0.06%, better; SEUS 0.30%
Fund size: IMCV $1.27B; SEUS $933M
1Y total return: IMCV +27.6%; SEUS No data
Yield (12M): IMCV 1.83%; SEUS No data
Holdings: IMCV 271; SEUS 371
Avg volume (30D): IMCV 38.9K sh; SEUS 590K sh, better
NAV per share: IMCV $99.16; SEUS $25.63
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, SEUS, with each pillar’s weight
Pillar	IMCV	SEUS
Cost30% weight	A96Higher	C48
Mission25% weight	A76	Not scored
Risk15% weight	A77Higher	B58
Tradability15% weight	B69Higher	B60
Holdings10% weight	B69Higher	C54
Durability5% weight	A77Higher	C45

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and SEUS 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 SEUS 53rd 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 53CMOATVanEck Morningstar Wide Moat ETFScore 53
Rank 53CSEUSSEI QiM U.S. Equity Factor Allocation Active ETFScore 53
Rank 56CAFLGFirst Trust Active Factor Large Cap ETFScore 52

IMCV vs SEUS Holdings

How IMCV and SEUS differ

Overlap by weight

18.1%

Shared holdings make up 30.0% of IMCV and 24.0% of SEUS.

Level by level

Holdings81 in both18.1%
Sector11 Sectors57.3%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in IMCV and SEUS, widest gap first
Sector	More in IMCVMore in SEUS	IMCV	SEUS
Technology	SEUS +30.9 points	6.5%	37.4%
Energy	IMCV +10.5 points	13.4%	2.9%
Communication	SEUS +8.1 points	1.1%	9.2%
Financials	IMCV +6.2 points	18.5%	12.3%
Utilities	IMCV +6.2 points	9.0%	2.8%
Industrials	IMCV +6.1 points	14.2%	8.1%
Consumer Staples	IMCV +5.8 points	8.7%	2.9%
Real Estate	IMCV +4.3 points	4.6%	0.3%
Materials	IMCV +3.6 points	5.0%	1.4%
Consumer Discretionary	SEUS +3.5 points	6.9%	10.4%
Health Care	SEUS +0.2 points	12.2%	12.4%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and SEUS, widest gap first
Country	More in IMCVMore in SEUS	IMCV	SEUS
United States	SEUS +0.6 points	98.7%	99.3%
Other countries (7)	IMCV +0.6 points	1.3%	0.7%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
SEUS25.0%

Securities held

IMCV268
SEUS370

Asset class

IMCV: Equity
SEUS: Equity

Holdings

Only in IMCV187
In both81
Only in SEUS289

Only in IMCV

187 securities, 69.9% of IMCV by weight

Automatic Data Processing Inc1.60%
Valero Energy Corp1.57%
Phillips 661.54%
Us Bancorp1.27%
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%
Cheniere Energy0.93%
Kinder Morgan0.91%
Marathon Petroleum0.88%
Oneok0.83%
Truist Financial0.82%
Marsh0.82%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Metlife0.73%
Williams0.72%
Paccar Inc0.69%
Xcel Energy Inc0.68%
PayPal Holdings0.67%
Strategy Inc Class A0.65%
Northrop Grumman Corp0.64%
Occidental Petroleum Corp0.64%
Nike Class B0.62%
Iqvia Holdings Inc0.60%
Consolidated Edison0.59%
Norfolk Southern Corp0.59%
American 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%
Biogen0.51%
D R Horton0.50%
Hartford Insurance Group0.50%
Emerson Electric0.49%
Kimberly Clark0.49%
Paychex0.49%
Realty Income Reit0.48%
Arch Capital Group0.48%

Only in SEUS

289 securities, 75.7% of SEUS by weight

Apple Inc5.89%
NVIDIA Corp5.16%
Microsoft Corp4.32%
Amazon.com Inc2.07%
Alphabet Inc-Cl A1.98%
Micron Technology Inc1.37%
Visa Inc-Class A Shares1.14%
Alphabet Inc-Cl C1.03%
Adobe Inc1.00%
Johnson & Johnson1.00%
Verizon Communications Inc0.92%
Broadcom Inc0.85%
Meta Platforms Inc0.84%
AT&T Inc0.80%
Cisco Systems Inc0.71%
Bristol-Myers Squibb Co0.70%
Exelixis Inc0.69%
Mastercard Inc - A0.62%
Apa Corp0.61%
Gen Digital Inc0.61%
Everest Group Ltd0.59%
Mckesson Corp0.58%
Citigroup Inc0.57%
Philip Morris International0.56%
Cvs Health Corp0.54%
Cencora Inc0.52%
Jazz Pharmaceuticals PLC0.52%
Match Group Inc0.50%
Affiliated Managers Group0.47%
Renaissancere Holdings Ltd0.47%
Idexx Laboratories Inc0.45%
Newmont Corp0.44%
Reinsurance Group of America0.43%
Crown Holdings Inc0.43%
Altria Group Inc0.42%
Capital One Financial Corp0.42%
Verisign Inc0.41%
Lam Research Corp0.41%
Tjx Companies Inc0.41%
Arrow Electronics Inc0.41%
Ralph Lauren Corp0.40%
Autodesk Inc0.40%
Unum Group0.40%
Monster Beverage Corp0.39%
Skyworks Solutions Inc0.39%
Ww Grainger Inc0.38%
Motorola Solutions Inc0.38%
Comcast Corp-Class A0.37%
Borgwarner Inc0.36%
Lockheed Martin Corp0.36%

Weight gaps

All 81 Holdings in both funds, largest gap first.

Holding weights in IMCV and SEUS, widest gap first
Holding	More in IMCVMore in SEUS	IMCV	SEUS
Regeneron PharmaceuticalsREGN	IMCV +1.10 points	1.25%	0.15%
CignaCI	IMCV +0.89 points	1.04%	0.15%
Target CorpTGT	IMCV +0.82 points	0.96%	0.14%
Netapp IncNTAP	SEUS +0.74 points	0.34%	1.08%
Expedia GroupEXPE	SEUS +0.55 points	0.20%	0.75%
Keurig Dr Pepper IncKDP	IMCV +0.46 points	0.66%	0.20%
Targa ResourcesTRGP	IMCV +0.46 points	0.48%	0.02%
Tenet Healthcare CorpTHC	SEUS +0.45 points	0.30%	0.75%
Cardinal HealthCAH	SEUS +0.45 points	0.36%	0.81%
American Electric Power IncAEP	IMCV +0.43 points	0.56%	0.13%
Archer Daniels MidlandADM	IMCV +0.43 points	0.48%	0.05%
Simon Property Group Reit IncSPG	IMCV +0.42 points	0.47%	0.05%
KrogerKR	IMCV +0.39 points	0.52%	0.13%
Allstate CorpALL	IMCV +0.38 points	0.45%	0.07%
Roper TechnologiesROP	IMCV +0.35 points	0.41%	0.06%
Colgate-PalmoliveCL	IMCV +0.36 points	0.69%	0.33%
Royalty Pharma PLC Class ARPRX	IMCV +0.30 points	0.34%	0.04%
Cognizant Technology Solutions ClaCTSH	SEUS +0.30 points	0.40%	0.70%
Regions FinancialRF	IMCV +0.29 points	0.32%	0.03%
Hp IncHPQ	SEUS +0.28 points	0.36%	0.64%
Expand EnergyEXE	SEUS +0.28 points	0.10%	0.38%
HalliburtonHAL	IMCV +0.28 points	0.42%	0.14%
Devon EnergyDVN	IMCV +0.26 points	0.78%	0.52%
Broadridge Financial Solutions IncBR	IMCV +0.25 points	0.28%	0.03%
Synchrony FinancialSYF	SEUS +0.23 points	0.34%	0.57%
General MotorsGM	IMCV +0.23 points	1.05%	0.82%
Global Payments IncGPN	IMCV +0.23 points	0.29%	0.06%
Illinois Tool IncITW	IMCV +0.23 points	0.52%	0.29%
ViatrisVTRS	SEUS +0.22 points	0.29%	0.51%
Alcoa CorpAA	SEUS +0.21 points	0.14%	0.35%
Bank of New York Mellon CorpBNY	IMCV +0.20 points	0.52%	0.32%
Td SynnexSNX	SEUS +0.20 points	0.15%	0.35%
Ford Motor CoF	IMCV +0.20 points	0.66%	0.46%
Centene CorpCNC	IMCV +0.19 points	0.22%	0.03%
Cf Industries Holdings IncCF	IMCV +0.20 points	0.26%	0.06%
F5FFIV	SEUS +0.19 points	0.13%	0.32%
Entergy CorpETR	IMCV +0.20 points	0.34%	0.14%
FortiveFTV	IMCV +0.19 points	0.27%	0.08%
Delta Air LinesDAL	IMCV +0.20 points	0.72%	0.52%
United RentalsURI	IMCV +0.19 points	0.32%	0.13%
Hewlett Packard EnterpriseHPE	IMCV +0.18 points	1.00%	0.82%
Edison InternationalEIX	SEUS +0.18 points	0.30%	0.48%
Ferguson EnterprisesFERG	IMCV +0.18 points	0.24%	0.06%
Teledyne TechnologiesTDY	SEUS +0.16 points	0.16%	0.32%
Zoom Communications Class AZM	SEUS +0.16 points	0.31%	0.47%
State StreetSTT	IMCV +0.16 points	0.36%	0.20%
Ameriprise Finance IncAMP	IMCV +0.16 points	0.34%	0.18%
Leidos HoldingsLDOS	SEUS +0.16 points	0.24%	0.40%
Fox Class BFOX	SEUS +0.15 points	0.10%	0.25%
Expeditors International of WashinEXPD	IMCV +0.14 points	0.17%	0.03%
Agilent Technologies IncA	IMCV +0.14 points	0.35%	0.21%
CorpayCPAY	IMCV +0.13 points	0.18%	0.05%
DoverDOV	IMCV +0.12 points	0.16%	0.04%
EbayEBAY	IMCV +0.12 points	0.46%	0.34%
United Airlines HoldingsUAL	SEUS +0.11 points	0.46%	0.57%
Williams Sonoma IncWSM	IMCV +0.11 points	0.23%	0.12%
OvintivOVV	SEUS +0.11 points	0.27%	0.38%
Yum BrandsYUM	SEUS +0.10 points	0.20%	0.30%
Snap On IncSNA	SEUS +0.09 points	0.15%	0.24%
Incyte CorpINCY	SEUS +0.09 points	0.16%	0.25%
Omnicom Group IncOMC	SEUS +0.08 points	0.31%	0.39%
Fox Class AFOXA	SEUS +0.08 points	0.17%	0.25%
VeraltoVLTO	IMCV +0.05 points	0.15%	0.10%
GarminGRMN	IMCV +0.06 points	0.20%	0.14%
Ulta Beauty IncULTA	SEUS +0.05 points	0.16%	0.21%
Mettler ToledoMTD	SEUS +0.05 points	0.21%	0.26%
Dell Technologies Inc Class CDELL	SEUS +0.05 points	0.48%	0.53%
Ross Stores IncROST	IMCV +0.04 points	0.27%	0.23%
TapestryTPR	SEUS +0.03 points	0.11%	0.14%
Northern TrustNTRS	IMCV +0.03 points	0.21%	0.18%
Quest Diagnostics IncDGX	IMCV +0.03 points	0.38%	0.35%
Otis WorldwideOTIS	IMCV +0.03 points	0.26%	0.23%
Hershey FoodsHSY	IMCV +0.02 points	0.10%	0.08%
United TherapeuticsUTHR	IMCV +0.02 points	0.13%	0.11%
Kraft HeinzKHC	SEUS +0.02 points	0.29%	0.31%
PG&E CorpPCG	SEUS +0.01 points	0.40%	0.41%
First Citizens Bancshares Class AFCNCA	SEUS +0.02 points	0.17%	0.19%
Exelon CorpEXC	IMCV +0.01 points	0.65%	0.64%
Firstenergy CorpFE	SEUS +0.01 points	0.35%	0.36%
ResmedRMD	Same weight	0.21%	0.21%
Prudential Financial IncPRU	Same weight	0.55%	0.55%

All 268 IMCV holdings⁠All 370 SEUS 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 SEUS Cost

Overpaying SEUS vs IMCV

$4,879

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

IMCV 0.06%
$1,270
SEUS 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
SEUS 0.30%
Overpaying

Year by year

Year	IMCV	SEUS	Overpaying
10	$110	$545	$435
20	$432	$2,113	$1,681
30	$1,270	$6,149	$4,879

Expense ratio

0.06%IMCV, cheaper
0.30%SEUS

IMCV0.06%SEUS0.30%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

SEUS 51st cheapest of 99 funds

IMCV vs SEUS Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IMCV 1.83%; SEUS No data
Payout (12M): IMCV $1.83; SEUS No data
Last payment: IMCV $0.52; SEUS $0.07
Ex-dividend: IMCV Sep 15, 2026; SEUS Oct 5, 2026
Paid on: IMCV Sep 18, 2026; SEUS Oct 6, 2026
Frequency: IMCV Quarterly; SEUS Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

SEUSIrregular · 1 paymentAll SEUS payments⁠

IMCV vs SEUS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%SEUS No data
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22SEUS No data
Worst fallMax drawdown, 5 years: IMCV −19.9%SEUS No data
Market sensitivityBeta, 5 years: IMCV 0.87SEUS 0.00; Market = 1

IMCV and SEUS in the news

All news⁠

Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026SEUS

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IMCV vs SEUS

How IMCV and SEUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMCV

Only in SEUS

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

US multifactor funds ran 30 points apart

How IMCV and SEUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMCV

Only in SEUS

Weight gaps