IMCV vs USVM: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

VictoryShares US Small Mid Cap Value Momentum ETF

USVMBNasdaq

Overlap

0.0%by weight

Expense ratio

IMCV −0.16pt a year

IMCV0.06%USVM0.22%

Avg volume · 30D

USVM 1.2×the volume

IMCV38.9KUSVM47.3K

5Y return · a year

IMCV +1.2pt

IMCV+11.0%USVM+9.8%

IMCV vs USVM Performance

Oct 29, 2021 – Oct 30, 2026

+68.3%IMCV+59.7%USVM

Expense ratio: IMCV 0.06%, better; USVM 0.22%
Fund size: IMCV $1.27B; USVM $1.85B
1Y total return: IMCV +27.0%, better; USVM +21.9%
Yield (12M): IMCV 1.84%; USVM 1.88%, better
Holdings: IMCV 271; USVM 294
Avg volume (30D): IMCV 38.9K sh; USVM 47.3K sh, better
NAV per share: IMCV $99.16; USVM $106.31
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, USVM, with each pillar’s weight
Pillar	IMCV	USVM
Cost30% weight	A96Higher	B67
Mission25% weight	A76	A94Higher
Risk15% weight	A77Higher	C50
Tradability15% weight	B69Higher	B64
Holdings10% weight	B69	A78Higher
Durability5% weight	A77Higher	B57

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and USVM 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 USVM 18th 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 18ATILTNorthern Trust Morningstar US Market Factor Tilt ETFScore 71
Rank 18BUSVMVictoryShares US Small Mid Cap Value Momentum ETFScore 71
Rank 23ADEUSXtrackers Russell US Multifactor ETFScore 70

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

USVMBVictoryShares US Small Mid Cap Value Momentum ETF

In short

IMCV No data

USVM Two screens that rarely ride together, cheap and climbing, pointed at the small and mid-cap end of the US market. Roughly 300 stocks, rules-based, and priced under the typical multifactor fund.

Stated mandate

IMCV No data

USVM The Fund seeks to track the returns of the Nasdaq Victory US Small Mid Cap Value Momentum Index before fees and expenses, primarily by holding the Index's stocks through a replication strategy.

Why people hold it

IMCV No data

USVM Screens on value and momentum together instead of picking one lane, tracking a single Nasdaq-built index by replication rather than a manager's hunches.
Costs 0.29% a year, below the median for its multifactor peer group.
Works the small and mid-cap aisle while most highly graded funds in the cohort (VONV, VYM, FNDX, GVUS, IUSG) crowd into large caps.
Spreads the bet across about 300 names and pays distributions monthly.

Worth knowing

IMCV No data

USVM Trades thinly for a fund of its size, so spreads can be wider than the multi-billion-dollar asset base suggests.
Small and mid caps swing harder than large caps, and a value-plus-momentum tilt can wander well away from the broad market for long stretches.
Cheap for a factor strategy, but plain-vanilla peers like VYM (0.04%) and IUSG (0.04%) cost a fraction as much.

Full IMCV profile⁠

Full USVM profile⁠

IMCV vs USVM Holdings

How IMCV and USVM differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Sector11 Sectors79.8%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in IMCV and USVM, widest gap first
Sector	More in IMCVMore in USVM	IMCV	USVM
Energy	IMCV +8.5 points	13.4%	4.9%
Financials	USVM +6.4 points	18.5%	24.9%
Consumer Staples	IMCV +4.8 points	8.7%	3.9%
Consumer Discretionary	USVM +4.6 points	6.9%	11.5%
Materials	IMCV +3.4 points	5.0%	1.6%
Technology	USVM +3.4 points	6.5%	9.9%
Real Estate	USVM +3.1 points	4.6%	7.7%
Utilities	IMCV +2.8 points	9.0%	6.2%
Communication	USVM +2.3 points	1.1%	3.4%
Industrials	IMCV +0.7 points	14.2%	13.5%
Health Care	USVM +0.3 points	12.2%	12.5%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and USVM, widest gap first
Country	More in IMCVMore in USVM	IMCV	USVM
United States	USVM +0.6 points	98.7%	99.3%
Other countries (6)	IMCV +0.6 points	1.3%	0.7%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
USVM6.8%

Securities held

IMCV268
USVM292

Asset class

IMCV: Equity
USVM: Equity

Holdings

Only in IMCV268
In both0
Only in USVM292

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 USVM

292 securities, 99.8% of USVM by weight

Pinnacle West Capital0.78%
Southwest Gas Holdings In0.73%
White Mountains Insurance0.69%
Spire Inc0.68%
Kite Realty Group Trust0.68%
New Jersey Resources Corp0.67%
One Gas Inc0.67%
Avista Corp0.64%
Everest Group Ltd0.64%
Apple Hospitality Reit In0.63%
Sunstone Hotel Investors0.63%
Mdu Resources Group Inc.0.63%
Hanover Insurance Group0.63%
Cno Financial Group Inc0.63%
United Bankshares Inc0.62%
Bok Financial Corp0.62%
Cathay General Bancorp0.61%
Ellington Financial Inc0.61%
Black Hills Corp0.60%
Independent Bank Corp.0.60%
Portland General Electric0.58%
Diamondrock Hospitality C0.58%
Adt Inc0.57%
Otter Tail Corp.0.57%
Host Hotels & Resorts Inc0.57%
Wsfs Financial Corp0.57%
Bank Ozk0.57%
Graham Holdings Co0.57%
First Busey Corp0.56%
Ameris Bancorp0.56%
Globe Life Inc0.55%
Hancock Whitney Corp0.54%
Renaissancere Holdings Lt0.54%
Fnb Corp0.54%
Broadstone Net Lease Inc0.53%
Unum Group0.53%
First Horizon Corp0.53%
H20 America0.53%
Innoviva Inc0.53%
Fulton Financial Corp0.53%
First Financial Bancorp0.52%
Valley National Bancorp0.52%
Associated Banc-Corp0.52%
Concentra Group Holdings0.52%
First Interstate Bancsys-0.52%
Axis Capital Holdings Ltd0.52%
Essent Group Ltd0.51%
Outfront Media Inc0.51%
Popular Inc0.51%
Provident Financial Svcs0.51%

Weight gaps

IMCV and USVM share no securities.

All 268 IMCV holdings⁠All 296 USVM 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 USVM Cost

Overpaying USVM vs IMCV

$3,288

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

IMCV 0.06%
$1,270
USVM 0.22%
$4,558

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
USVM 0.22%
Overpaying

Year by year

Year	IMCV	USVM	Overpaying
10	$110	$401	$291
20	$432	$1,561	$1,129
30	$1,270	$4,558	$3,288

Expense ratio

0.06%IMCV, cheaper
0.22%USVM

IMCV0.06%USVM0.22%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

USVM 33rd cheapest of 99 funds

IMCV vs USVM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCV 1.84%; USVM 1.88%, better
Payout (12M): IMCV $1.83; USVM $2.00
Last payment: IMCV $0.52; USVM $0.25
Ex-dividend: IMCV Sep 15, 2026; USVM Oct 8, 2026
Paid on: IMCV Sep 18, 2026; USVM Oct 9, 2026
Frequency: IMCV Quarterly; USVM Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IMCVQuarterly · 15 paymentsAll IMCV payments⁠

USVMMonthly · 45 paymentsAll USVM payments⁠

IMCV vs USVM Risk

Fall from peak · 5 years

IMCV
USVM

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%, betterUSVM 16.8%
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22, betterUSVM 1.02
Worst fallMax drawdown, 5 years: IMCV −19.9%, betterUSVM −25.3%
Market sensitivityBeta, 5 years: IMCV 0.88USVM 1.00; Market = 1

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