IMCV vs VALQ: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

American Century STOXX U.S. Quality Value ETF

VALQBNYSE Arca

Overlap

12.5%by weight

Expense ratio

IMCV −0.23pt a year

IMCV0.06%VALQ0.29%

Avg volume · 30D

IMCV 1.4×the volume

IMCV38.9KVALQ28.4K

5Y return · a year

IMCV +1.3pt

IMCV+11.0%VALQ+9.7%

IMCV vs VALQ Performance

Oct 29, 2021 – Oct 30, 2026

+68.3%IMCV+59.0%VALQ

Expense ratio: IMCV 0.06%, better; VALQ 0.29%
Fund size: IMCV $1.27B; VALQ $194M
1Y total return: IMCV +27.0%, better; VALQ +15.1%
Yield (12M): IMCV 1.84%, better; VALQ 1.66%
Holdings: IMCV 271; VALQ 225
Avg volume (30D): IMCV 38.9K sh, better; VALQ 28.4K sh
NAV per share: IMCV $99.16; VALQ $72.63
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, VALQ, with each pillar’s weight
Pillar	IMCV	VALQ
Cost30% weight	A96Higher	B55
Mission25% weight	A76Higher	A71
Risk15% weight	A77Higher	B68
Tradability15% weight	B69Higher	C42
Holdings10% weight	B69Higher	B55
Durability5% weight	A77Higher	D30

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and VALQ 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 VALQ 44th 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 44BQVMTInvesco S&P 500 Concentrated QVM ETFScore 57
Rank 44BVALQAmerican Century STOXX U.S. Quality Value ETFScore 57
Rank 48BCOWSAmplify Cash Flow Dividend Leaders ETFScore 56

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

VALQBAmerican Century STOXX U.S. Quality Value ETF

In short

IMCV No data

VALQ Cheap stocks are sometimes cheap for a reason. VALQ's index screens U.S. large and mid caps for quality and income alongside valuation, so the bargain bin gets filtered before anything gets bought. Launched 2018, 0.29% a year.

Stated mandate

IMCV No data

VALQ The fund seeks to capture the performance of U.S. large- and mid-capitalization companies with attractive quality, valuation, and income fundamentals.

Why people hold it

IMCV No data

VALQ A three-way test: quality, valuation and income fundamentals across U.S. large- and mid-cap companies. Not a pure cheapness sweep.americancentury.com
0.29% a year undercuts the typical U.S. multifactor fund, and the portfolio spreads across roughly 220 stocks rather than a narrow bet.
Income is written into the screen itself, not bolted on afterward, and the fund distributes quarterly.
Rules-based, not manager hunch: it follows the American Century U.S. Quality Value Index and lands in the upper half of a crowded multifactor peer group.americancentury.com

Worth knowing

IMCV No data

VALQ Thinly traded next to the category's giants, so bid-ask spreads can run wider and larger orders can move the price.
Broad value peers like VONV and VYM charge a fraction of this fee; the extra cost is what buys the quality and income screens.
Those same filters make it behave differently from a plain value index, in either direction, over any given stretch.

Full IMCV profile⁠

Full VALQ profile⁠

IMCV vs VALQ Holdings

How IMCV and VALQ differ

Overlap by weight

12.5%

Shared holdings make up 22.9% of IMCV and 17.2% of VALQ.

Level by level

Holdings55 in both12.5%
Sector11 Sectors58.5%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in IMCV and VALQ, widest gap first
Sector	More in IMCVMore in VALQ	IMCV	VALQ
Technology	VALQ +24.7 points	6.5%	31.2%
Financials	IMCV +14.2 points	18.5%	4.3%
Energy	IMCV +9.5 points	13.4%	3.9%
Utilities	IMCV +9.0 points	9.0%	0.0%
Consumer Discretionary	VALQ +6.5 points	6.9%	13.4%
Communication	VALQ +5.5 points	1.1%	6.6%
Real Estate	IMCV +4.4 points	4.6%	0.2%
Materials	IMCV +2.9 points	5.0%	2.1%
Health Care	VALQ +2.7 points	12.2%	14.9%
Consumer Staples	VALQ +2.0 points	8.7%	10.7%
Industrials	IMCV +1.6 points	14.2%	12.6%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and VALQ, widest gap first
Country	More in IMCVMore in VALQ	IMCV	VALQ
United States	VALQ +0.7 points	98.7%	99.4%
Other countries (5)	IMCV +0.7 points	1.3%	0.6%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
VALQ23.7%

Securities held

IMCV268
VALQ224

Asset class

IMCV: Equity
VALQ: Equity

Holdings

Only in IMCV213
In both55
Only in VALQ169

Only in IMCV

213 securities, 77.0% of IMCV by weight

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%
Slb1.09%
Moderna1.08%
General Motors1.05%
Hewlett Packard Enterprise1.00%
Cheniere Energy0.93%
Kinder Morgan0.91%
Oneok0.83%
Truist Financial0.82%
Marsh0.82%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Metlife0.73%
Williams0.72%
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%
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%
Diamondback Energy0.53%
Bank of New York Mellon Corp0.52%
Air Products and Chemicals0.52%
Crown Castle Inc0.52%
Biogen0.51%
Hartford Insurance Group0.50%
Emerson Electric0.49%
Realty Income Reit0.48%
Arch Capital Group0.48%

Only in VALQ

169 securities, 82.8% of VALQ by weight

Lockheed Martin Corp Common Stock USD1.02.85%
UnitedHealth Group Inc Common Stock USD.012.68%
Home Depot Inc Common Stock USD.052.59%
Merck & Co. Inc. Common Stock USD.52.57%
Procter & Gamble Co/The Common Stock2.53%
Bristol Myers Squibb Co Common Stock USD.12.42%
Texas Instruments Inc Common Stock USD1.02.19%
Cisco Systems Inc Common Stock USD.0012.15%
Apple Inc Common Stock USD.000011.88%
Union Pacific Corp Common Stock USD2.51.84%
Gilead Sciences Inc Common Stock USD.0011.64%
Analog Devices Inc Common Stock USD.1671.59%
Best Buy Co Inc Common Stock USD.11.57%
Johnson & Johnson Common Stock USD1.01.51%
Accenture PLC Class A Common Stock USD.00002251.47%
Chevron Corp Common Stock USD.751.40%
Exxonmobil Holdings Corp Common Stock1.37%
AbbVie Inc Common Stock USD.011.35%
Skyworks Solutions Inc Common Stock USD.251.35%
Salesforce Inc Common Stock USD.0011.33%
Intl Business Machines Corp Common Stock USD.21.24%
Meta Platforms Inc Class A Common Stock USD.0000061.24%
Tjx Companies Inc Common Stock USD1.01.23%
Pepsico Inc Common Stock USD.0171.14%
Qualcomm Inc Common Stock USD.00011.11%
Verizon Communications Inc Common Stock USD.11.05%
At+t Inc Common Stock USD1.01.00%
Adobe Inc Common Stock USD.00011.00%
T Mobile Us Inc Common Stock USD.00010.99%
Amdocs Ltd Common Stock GBP.00010.99%
Micron Technology Inc Common Stock USD.10.98%
Booking Holdings Inc Common Stock USD.0080.97%
Applied Materials Inc Common Stock USD.010.97%
Newmont Corp Common Stock USD1.60.94%
Kla Corp Common Stock USD.0010.88%
Comcast Corp Class A Common Stock USD.010.86%
Sandisk Corp Common Stock0.85%
Avery Dennison Corp Common Stock USD1.00.84%
Coca Cola Co/The Common Stock USD.250.84%
Smith (A.o.) Corp Common Stock USD1.00.70%
Philip Morris International Common Stock0.70%
Western Digital Corp Common Stock USD.010.53%
McDonald’s Corp Common Stock USD.010.52%
Walt Disney Co/The Common Stock USD.010.51%
Cirrus Logic Inc Common Stock USD.0010.49%
Goldman Sachs Group Inc Common Stock USD.010.40%
Gentex Corp Common Stock USD.060.39%
Epam Systems Inc Common Stock USD.0010.38%
Gap Inc/The Common Stock USD.050.38%
Msc Industrial Direct Co A Common Stock USD.0010.38%

Weight gaps

All 55 Holdings in both funds, largest gap first.

Holding weights in IMCV and VALQ, widest gap first
Holding	More in IMCVMore in VALQ	IMCV	VALQ
Valero Energy CorpVLO	IMCV +1.39 points	1.57%	0.18%
Automatic Data Processing IncADP	IMCV +1.04 points	1.60%	0.56%
United Parcel Service Inc Class BUPS	IMCV +0.94 points	1.11%	0.17%
CignaCI	IMCV +0.77 points	1.04%	0.27%
Marathon PetroleumMPC	IMCV +0.69 points	0.88%	0.19%
Delta Air LinesDAL	IMCV +0.56 points	0.72%	0.16%
Dell Technologies Inc Class CDELL	VALQ +0.56 points	0.48%	1.04%
Cognizant Technology Solutions ClaCTSH	VALQ +0.56 points	0.40%	0.96%
Kimberly ClarkKMB	VALQ +0.55 points	0.49%	1.04%
Illinois Tool IncITW	VALQ +0.54 points	0.52%	1.06%
PayPal HoldingsPYPL	IMCV +0.52 points	0.67%	0.15%
WatscoWSO	VALQ +0.45 points	0.07%	0.52%
KenvueKVUE	VALQ +0.44 points	0.46%	0.90%
Hp IncHPQ	VALQ +0.41 points	0.36%	0.77%
Colgate-PalmoliveCL	VALQ +0.39 points	0.69%	1.08%
Public Storage ReitPSA	IMCV +0.38 points	0.47%	0.09%
Workday Class AWDAY	IMCV +0.38 points	0.53%	0.15%
D R HortonDHI	IMCV +0.34 points	0.50%	0.16%
KrogerKR	IMCV +0.34 points	0.52%	0.18%
Allstate CorpALL	IMCV +0.29 points	0.45%	0.16%
PaychexPAYX	VALQ +0.29 points	0.49%	0.78%
Dollar General CorpDG	IMCV +0.24 points	0.40%	0.16%
Nike Class BNKE	VALQ +0.22 points	0.62%	0.84%
Ameriprise Finance IncAMP	IMCV +0.20 points	0.34%	0.14%
Cardinal HealthCAH	IMCV +0.19 points	0.36%	0.17%
Dollar Tree IncDLTR	IMCV +0.18 points	0.33%	0.15%
PultegroupPHM	IMCV +0.17 points	0.32%	0.15%
Zoom Communications Class AZM	IMCV +0.16 points	0.31%	0.15%
Netapp IncNTAP	IMCV +0.16 points	0.34%	0.18%
T Rowe Price GroupTROW	IMCV +0.15 points	0.30%	0.15%
Global Payments IncGPN	IMCV +0.14 points	0.29%	0.15%
Te Connectivity PLCTEL	IMCV +0.13 points	0.31%	0.18%
Williams Sonoma IncWSM	IMCV +0.13 points	0.23%	0.10%
Fidelity National Information ServFIS	IMCV +0.13 points	0.27%	0.14%
Cf Industries Holdings IncCF	IMCV +0.11 points	0.26%	0.15%
Trimble IncTRMB	VALQ +0.11 points	0.06%	0.17%
Leidos HoldingsLDOS	IMCV +0.08 points	0.24%	0.16%
Ss and C Technologies HoldingsSSNC	IMCV +0.08 points	0.23%	0.15%
Expedia GroupEXPE	IMCV +0.07 points	0.20%	0.13%
Packaging Corp of AmericaPKG	IMCV +0.08 points	0.17%	0.09%
Centene CorpCNC	IMCV +0.06 points	0.22%	0.16%
NvrNVR	IMCV +0.05 points	0.21%	0.16%
Zoetis Inc Class AZTS	IMCV +0.04 points	0.26%	0.22%
Textron IncTXT	VALQ +0.04 points	0.13%	0.17%
Charter Communications Class ACHTR	IMCV +0.03 points	0.15%	0.12%
Hershey FoodsHSY	IMCV +0.03 points	0.10%	0.07%
F5FFIV	VALQ +0.02 points	0.13%	0.15%
EquifaxEFX	VALQ +0.02 points	0.12%	0.14%
Incyte CorpINCY	IMCV +0.02 points	0.16%	0.14%
Target CorpTGT	IMCV +0.02 points	0.96%	0.94%
First SolarFSLR	VALQ +0.02 points	0.11%	0.13%
News Class ANWSA	Same weight	0.15%	0.15%
Snap On IncSNA	IMCV +0.01 points	0.15%	0.14%
Otis WorldwideOTIS	Same weight	0.26%	0.26%
Lululemon AthleticaLULU	IMCV +0.01 points	0.15%	0.14%

All 268 IMCV holdings⁠All 224 VALQ 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 VALQ Cost

Overpaying VALQ vs IMCV

$4,682

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

IMCV 0.06%
$1,270
VALQ 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
VALQ 0.29%
Overpaying

Year by year

Year	IMCV	VALQ	Overpaying
10	$110	$527	$417
20	$432	$2,044	$1,612
30	$1,270	$5,952	$4,682

Expense ratio

0.06%IMCV, cheaper
0.29%VALQ

IMCV0.06%VALQ0.29%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

VALQ 43rd cheapest of 99 funds

IMCV vs VALQ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCV 1.84%, better; VALQ 1.66%
Payout (12M): IMCV $1.83; VALQ $1.21
Last payment: IMCV $0.52; VALQ $0.28
Ex-dividend: IMCV Sep 15, 2026; VALQ Sep 8, 2026
Paid on: IMCV Sep 18, 2026; VALQ Sep 10, 2026
Frequency: IMCV Quarterly; VALQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

VALQQuarterly · 35 paymentsAll VALQ payments⁠

IMCV vs VALQ Risk

Fall from peak · 5 years

IMCV
VALQ

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%VALQ 11.5%, better
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22, betterVALQ 1.07
Worst fallMax drawdown, 5 years: IMCV −19.9%, betterVALQ −20.2%
Market sensitivityBeta, 5 years: IMCV 0.88VALQ 0.71; Market = 1

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