IMCV vs SHRY: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

First Trust Bloomberg Shareholder Yield ETF

SHRYDNasdaq

Overlap

11.5%by weight

Expense ratio

IMCV −0.54pt a year

IMCV0.06%SHRY0.60%

Avg volume · 30D

IMCV 79.2×the volume

IMCV38.9KSHRY491

5Y return · a year

IMCV +1.7pt

IMCV+11.0%SHRY+9.3%

IMCV vs SHRY Performance

Oct 29, 2021 – Oct 30, 2026

+68.3%IMCV+55.7%SHRY

Expense ratio: IMCV 0.06%, better; SHRY 0.60%
Fund size: IMCV $1.27B; SHRY $17M
1Y total return: IMCV +27.0%, better; SHRY +18.0%
Yield (12M): IMCV 1.84%, better; SHRY 1.54%
Holdings: IMCV 271; SHRY 51
Avg volume (30D): IMCV 38.9K sh, better; SHRY 491 sh
NAV per share: IMCV $99.16; SHRY $48.30
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, SHRY, with each pillar’s weight
Pillar	IMCV	SHRY
Cost30% weight	A96Higher	F15
Mission25% weight	A76Higher	D29
Risk15% weight	A77Higher	B69
Tradability15% weight	B69Higher	D37
Holdings10% weight	B69Higher	D35
Durability5% weight	A77Higher	C45

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and SHRY 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 SHRY 90th 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 89DTHLVTHOR Equal Weight Low Volatility ETFScore 34
Rank 90DSHRYFirst Trust Bloomberg Shareholder Yield ETFScore 33
Rank 91DBRNYBurney U.S. Factor Rotation ETFScore 32

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

SHRYDFirst Trust Bloomberg Shareholder Yield ETF

In short

IMCV No data

SHRY SHRY tracks Bloomberg's Shareholder Yield Index: about 50 US stocks, rules-based, paid out quarterly. A concentrated take on the cash-back-to-owners theme, priced at 0.60% in an aisle stocked with cheaper options.

Stated mandate

IMCV No data

SHRY The Fund seeks to track the price and yield of the Bloomberg Shareholder Yield Index before fees and expenses. It normally invests at least 80% of net assets in securities comprising that Index.

Why people hold it

IMCV No data

SHRY Concentrated by design: about 50 US names drawn from the Bloomberg Shareholder Yield Index, not a 500-stock blend where a single good idea gets diluted to a rounding error.
Rules-based and legible: a 1940 Act ETF that normally keeps at least 80% of net assets in its named index's securities. The recipe is published, not improvised.
Cash arrives on a schedule (quarterly), and the fund has been live since 2017, so there are years of real-world results to inspect instead of a backtest.

Worth knowing

IMCV No data

SHRY Cost is the headwind: 0.60% a year against a 0.32% median for its multifactor peer group, with cohort anchors like VYM (0.04%) and FNDX (0.25%) sitting far below.
A small asset base and light trading volume tend to mean wider bid-ask spreads, so more of the cost shows up in the trade itself.
With roughly 50 holdings, individual names and sector tilts carry real weight, and results can drift from a broad US index in either direction.

Full IMCV profile⁠

Full SHRY profile⁠

IMCV vs SHRY Holdings

How IMCV and SHRY differ

Overlap by weight

11.5%

Shared holdings make up 41.8% of SHRY and 11.5% of IMCV.

Level by level

Holdings15 in both11.5%
Sector11 Sectors65.0%
Countryby domicile96.8%
Asset classEquity100%

Sector

Sector weights in IMCV and SHRY, widest gap first
Sector	More in IMCVMore in SHRY	IMCV	SHRY
Technology	SHRY +18.9 points	6.5%	25.4%
Communication	SHRY +12.4 points	1.1%	13.5%
Industrials	IMCV +9.0 points	14.2%	5.2%
Utilities	IMCV +9.0 points	9.0%	0.0%
Energy	IMCV +6.0 points	13.4%	7.4%
Real Estate	IMCV +4.6 points	4.6%	0.0%
Materials	IMCV +4.1 points	5.0%	0.9%
Financials	SHRY +2.3 points	18.5%	20.8%
Consumer Discretionary	IMCV +1.7 points	6.9%	5.2%
Consumer Staples	SHRY +1.3 points	8.7%	10.0%
Health Care	IMCV +0.6 points	12.2%	11.6%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and SHRY, widest gap first
Country	More in IMCVMore in SHRY	IMCV	SHRY
United States	IMCV +2.4 points	98.7%	96.3%
Switzerland	SHRY +2.1 points	0.2%	2.3%
China	SHRY +1.2 points	0.3%	1.5%
Other countries (2)	IMCV +0.8 points	0.8%	0.0%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
SHRY34.6%

Securities held

IMCV268
SHRY50

Asset class

IMCV: Equity
SHRY: Equity

Holdings

Only in IMCV253
In both15
Only in SHRY35

Only in IMCV

253 securities, 88.4% of IMCV by weight

Automatic Data Processing Inc1.60%
Phillips 661.54%
Us Bancorp1.27%
Regeneron Pharmaceuticals1.25%
Pnc Financial Services Group1.24%
3M1.23%
Mondelez International Class A1.14%
Slb1.09%
Moderna1.08%
General Motors1.05%
Cigna1.04%
Hewlett Packard Enterprise1.00%
Target Corp0.96%
Cheniere Energy0.93%
Marathon Petroleum0.88%
Oneok0.83%
Truist Financial0.82%
Marsh0.82%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Williams0.72%
Delta Air Lines0.72%
Paccar Inc0.69%
Xcel Energy Inc0.68%
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%
Crh Public Limited PLC0.53%
Workday Class A0.53%
Diamondback Energy0.53%
Bank of New York Mellon Corp0.52%
Air Products and Chemicals0.52%
Kroger0.52%
Crown Castle Inc0.52%
Illinois Tool Inc0.52%
Biogen0.51%

Only in SHRY

35 securities, 58.1% of SHRY by weight

T-Mobile US, Inc.3.26%
Adobe Incorporated3.08%
Altria Group, Inc.2.94%
ConocoPhillips2.89%
Accenture plc2.80%
Chevron Corporation2.78%
CME Group Inc.2.44%
Booking Holdings Inc.2.43%
Chubb Limited2.25%
Lockheed Martin Corporation2.20%
McKesson Corporation2.12%
ExxonMobil Holdings Corp.2.10%
McDonald's Corporation2.04%
Abbott Laboratories1.94%
Verizon Communications Inc.1.91%
HCA Healthcare, Inc.1.73%
The Procter & Gamble Company1.66%
Gilead Sciences, Inc.1.59%
QUALCOMM Incorporated1.53%
Visa Inc. (Class A)1.48%
PepsiCo, Inc.1.48%
Union Pacific Corporation1.33%
General Dynamics Corporation1.27%
Medtronic Plc1.18%
RTX Corporation1.11%
Mastercard Incorporated1.09%
BlackRock, Inc.0.98%
Johnson & Johnson0.96%
AbbVie Inc.0.88%
Apple Inc.0.78%
Linde Plc0.73%
Microsoft Corporation0.36%
KLA Corporation0.35%
Costco Wholesale Corporation0.24%
NVIDIA Corporation0.17%

Weight gaps

All 15 Holdings in both funds, largest gap first.

Holding weights in IMCV and SHRY, widest gap first
Holding	More in IMCVMore in SHRY	IMCV	SHRY
PayPal HoldingsPYPL	SHRY +4.27 points	0.67%	4.94%
Hartford Insurance GroupHIG	SHRY +3.63 points	0.50%	4.13%
Expedia GroupEXPE	SHRY +2.92 points	0.20%	3.12%
PaychexPAYX	SHRY +2.86 points	0.49%	3.35%
Allstate CorpALL	SHRY +2.64 points	0.45%	3.09%
MetlifeMET	SHRY +2.62 points	0.73%	3.35%
Ameriprise Finance IncAMP	SHRY +2.45 points	0.34%	2.79%
United Parcel Service Inc Class BUPS	SHRY +2.20 points	1.11%	3.31%
Travelers CompaniesTRV	SHRY +1.72 points	1.13%	2.85%
Colgate-PalmoliveCL	SHRY +1.44 points	0.69%	2.13%
Te Connectivity PLCTEL	SHRY +1.07 points	0.31%	1.38%
Elevance Health IncELV	SHRY +0.98 points	1.20%	2.18%
Kinder MorganKMI	SHRY +0.89 points	0.91%	1.80%
Valero Energy CorpVLO	SHRY +0.37 points	1.57%	1.94%
Eog ResourcesEOG	SHRY +0.24 points	1.19%	1.43%

All 268 IMCV holdings⁠All 50 SHRY 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 SHRY Cost

Overpaying SHRY vs IMCV

$10,547

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

IMCV 0.06%
$1,270
SHRY 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
SHRY 0.60%
Overpaying

Year by year

Year	IMCV	SHRY	Overpaying
10	$110	$1,076	$966
20	$432	$4,116	$3,684
30	$1,270	$11,817	$10,547

Expense ratio

0.06%IMCV, cheaper
0.60%SHRY

IMCV0.06%SHRY0.60%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

SHRY 82nd cheapest of 99 funds

IMCV vs SHRY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCV 1.84%, better; SHRY 1.54%
Payout (12M): IMCV $1.83; SHRY $0.74
Last payment: IMCV $0.52; SHRY $0.16
Ex-dividend: IMCV Sep 15, 2026; SHRY Sep 24, 2026
Paid on: IMCV Sep 18, 2026; SHRY Sep 30, 2026
Frequency: IMCV Quarterly; SHRY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

SHRYQuarterly · 37 paymentsAll SHRY payments⁠

IMCV vs SHRY Risk

Fall from peak · 5 years

IMCV
SHRY

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%, betterSHRY 14.2%
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22, betterSHRY 1.01
Worst fallMax drawdown, 5 years: IMCV −19.9%, betterSHRY −23.9%
Market sensitivityBeta, 5 years: IMCV 0.88SHRY 0.70; Market = 1

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