IMCV vs VYM: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Vanguard High Dividend Yield ETF

VYMANYSE Arca

Overlap

26.1%by weight

Expense ratio

VYM −0.02pt a year

IMCV0.06%VYM0.04%

Avg volume · 30D

VYM 30.8×the volume

IMCV38.4KVYM1.18M

10Y return · a year

VYM +1.1pt

IMCV+10.9%VYM+12.0%

IMCV vs VYM Performance

Oct 28, 2021 – Oct 28, 2026

+65.5%IMCV+73.8%VYM

Expense ratio: IMCV 0.06%; VYM 0.04%, better
Fund size: IMCV $1.25B; VYM $95.8B
1Y total return: IMCV +24.6%, better; VYM +18.0%
Yield (12M): IMCV 1.87%; VYM 2.25%, better
Holdings: IMCV 271; VYM 601
Avg volume (30D): IMCV 38.4K sh; VYM 1.18M sh, better
NAV per share: IMCV $97.70; VYM $162.84
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, VYM, with each pillar’s weight
Pillar	IMCV	VYM
Cost30% weight	A96	A99Higher
Mission25% weight	A77	A79Higher
Risk15% weight	A74	A86Higher
Tradability15% weight	B69Higher	B62
Holdings10% weight	B68Higher	C53
Durability5% weight	A78	A95Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and VYM 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 ›

VYM ranks 2nd and IMCV 4th 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

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

VYMAVanguard High Dividend Yield ETF

In short

IMCV No read

VYM The no-frills dividend workhorse. VYM buys the higher-yielding end of the US market, roughly 600 names, for four basis points: no quality screen, no dividend-growth-streak test, just yield, at scale since 2006.

Stated mandate

IMCV No read

VYM The Fund seeks to track a benchmark index measuring the investment return of common stocks from companies characterized by high dividend yields.

Why people hold it

IMCV No read

VYM Four basis points a year, against a peer-group median near 0.32%. Cheaper than cohort neighbors VONV (0.06%) and FNDX (0.25%).
Running since 2006 and now a multi-billion-dollar fund that trades actively, so ordinary orders tend to fill at tight spreads.
Simple mandate: track the FTSE High Dividend Yield Index of US common stocks screened on yield. No manager discretion, no options overlay, plain 1940-Act fund.vanguard.com
Pays quarterly, and among 100-plus value and multifactor rivals it stands as one of the strongest overall packages in the group.

Worth knowing

IMCV No read

VYM The screen is yield, not payout growth or dividend quality, so a company can qualify simply because its share price fell.
This is a value slice by design, tilted to established payers, so it behaves differently from a total US market fund.
Roughly 600 holdings, but weight leans toward the largest payers, so the top of the roster does more of the work than the count suggests.

Full IMCV profile⁠

Full VYM profile⁠

IMCV vs VYM Holdings

Holdings as of Oct 28, 2026 for IMCV and Oct 27, 2026 for VYM

How IMCV and VYM differ

Overlap by weight

26.1%

Shared holdings make up 70.7% of IMCV and 26.2% of VYM.

Level by level

Holdings158 in both26.1%
Sector11 Sectors82.5%
Countryby domicile97.2%
Asset classEquity100%

Sector

Sector weights in IMCV and VYM, widest gap first
Sector	More in IMCVMore in VYM	IMCV	VYM
Technology	VYM +10.9 points	6.6%	17.5%
Real Estate	IMCV +4.5 points	4.5%	0.0%
Utilities	IMCV +3.9 points	8.9%	5.0%
Energy	IMCV +3.5 points	13.7%	10.2%
Industrials	IMCV +2.5 points	14.1%	11.6%
Financials	VYM +2.5 points	18.4%	20.9%
Communication	VYM +2.2 points	1.1%	3.3%
Health Care	VYM +2.0 points	12.1%	14.1%
Materials	IMCV +1.7 points	4.9%	3.2%
Consumer Discretionary	IMCV +0.7 points	6.7%	6.0%
Consumer Staples	IMCV +0.7 points	8.9%	8.2%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and VYM, widest gap first
Country	More in IMCVMore in VYM	IMCV	VYM
United States	VYM +2.8 points	97.2%	100.0%
Ireland	IMCV +0.8 points	0.8%	0.0%
United Kingdom	IMCV +0.6 points	0.6%	0.0%
Switzerland	IMCV +0.5 points	0.5%	0.0%
Other countries (3)	IMCV +0.9 points	0.9%	0.0%

Concentration

Weight in the 10 largest Holdings

IMCV13.1%
VYM26.2%

Securities held

IMCV268
VYM594

Asset class

IMCV: Equity
VYM: Equity

Holdings

Only in IMCV110
In both158
Only in VYM436

Only in IMCV

110 securities, 29.2% of IMCV by weight

Regeneron Pharmaceuticals1.12%
Moderna1.02%
General Motors0.98%
Cheniere Energy0.86%
Delta Air Lines0.74%
Strategy Inc Class A0.72%
PayPal Holdings0.67%
Iqvia Holdings Inc0.62%
Workday Class A0.56%
Crown Castle Inc0.52%
Biogen0.51%
D R Horton0.51%
Realty Income Reit0.49%
United Airlines Holdings0.47%
Simon Property Group Reit Inc0.46%
Arch Capital Group0.46%
Public Storage Reit0.46%
Ge Healthcare Technologies0.45%
Csx0.44%
PG&E Corp0.39%
Roper Technologies0.39%
Labcorp Holdings0.38%
Sherwin Williams0.37%
Vici Pptys Inc0.36%
Arthur J Gallagher0.36%
Agilent Technologies Inc0.36%
Fiserv Inc0.35%
Digital Realty Trust Reit0.33%
Zoom Communications Class A0.32%
United Rentals0.32%
Pultegroup0.32%
Dollar Tree Inc0.31%
Revolution Medicines0.30%
Cbre Group Class A0.29%
Tenet Healthcare Corp0.29%
Vylor0.29%
Ross Stores Inc0.27%
Extra Space Storage Reit0.27%
Sunbelt Rentals Holdings Inc0.26%
Fortive0.26%
Brown & Brown Inc0.26%
Zimmer Biomet Holdings0.26%
Republic Services Inc0.26%
Leidos Holdings0.24%
Resmed0.23%
Centene Corp0.23%
Willis Towers Watson0.23%
Kimco Realty Reit Corp0.22%
Mettler Toledo0.22%
Illumina Inc0.21%

Only in VYM

436 securities, 73.7% of VYM by weight

Broadcom Inc6.94%
JPMorgan Chase & Co3.76%
ExxonMobil Holdings Corp2.85%
Johnson & Johnson2.71%
AbbVie Inc1.97%
Cisco Systems Inc1.81%
Chevron Corp1.61%
Caterpillar Inc1.56%
Merck & Co Inc1.53%
Bank of America Corp1.50%
Procter & Gamble Co/The1.44%
Coca-Cola Co/The1.42%
UnitedHealth Group Inc1.41%
Philip Morris International Inc1.26%
Home Depot Inc/The1.21%
Texas Instruments Inc1.08%
RTX Corp1.06%
Goldman Sachs Group Inc/The1.03%
Wells Fargo & Co1.03%
Oracle Corp1.00%
Linde PLC0.93%
Citigroup Inc0.92%
Morgan Stanley0.90%
Amgen Inc0.89%
International Business Machines Corp0.88%
QUALCOMM Inc0.82%
Analog Devices Inc0.82%
Verizon Communications Inc0.82%
Gilead Sciences Inc0.79%
Walt Disney Co/The0.78%
PepsiCo Inc0.73%
Abbott Laboratories0.73%
Eaton Corp PLC0.71%
McDonald's Corp0.70%
AT&T Inc0.69%
Pfizer Inc0.69%
Blackrock Inc0.69%
Union Pacific Corp0.69%
NextEra Energy Inc0.67%
ConocoPhillips0.65%
Bristol-Myers Squibb Co0.54%
Newmont Corp0.52%
Progressive Corp/The0.51%
Capital One Financial Corp0.49%
Chubb Ltd0.49%
Altria Group Inc0.48%
Accenture PLC0.48%
Medtronic PLC0.47%
CVS Health Corp0.47%
Starbucks Corp0.46%

Weight gaps

The 100 widest of 158 Holdings in both funds.

Holding weights in IMCV and VYM, widest gap first
Holding	More in IMCVMore in VYM	IMCV	VYM
Automatic Data Processing IncADP	IMCV +1.18 points	1.62%	0.44%
Valero Energy CorpVLO	IMCV +1.08 points	1.55%	0.47%
Phillips 66PSX	IMCV +1.06 points	1.49%	0.43%
Us BancorpUSB	IMCV +0.91 points	1.29%	0.38%
Pnc Financial Services GroupPNC	IMCV +0.88 points	1.26%	0.38%
Elevance Health IncELV	IMCV +0.88 points	1.23%	0.35%
3MMMM	IMCV +0.87 points	1.23%	0.36%
Eog ResourcesEOG	IMCV +0.86 points	1.17%	0.31%
Travelers CompaniesTRV	IMCV +0.83 points	1.15%	0.32%
SlbSLB	IMCV +0.81 points	1.12%	0.31%
United Parcel Service Inc Class BUPS	IMCV +0.80 points	1.10%	0.30%
Mondelez International Class AMDLZ	IMCV +0.79 points	1.11%	0.32%
Hewlett Packard EnterpriseHPE	IMCV +0.76 points	1.12%	0.36%
CignaCI	IMCV +0.75 points	1.05%	0.30%
Kinder MorganKMI	IMCV +0.67 points	0.92%	0.25%
Target CorpTGT	IMCV +0.63 points	0.93%	0.30%
OneokOKE	IMCV +0.61 points	0.84%	0.23%
Truist FinancialTFC	IMCV +0.58 points	0.82%	0.24%
Devon EnergyDVN	IMCV +0.56 points	0.78%	0.22%
SempraSRE	IMCV +0.55 points	0.77%	0.22%
AflacAFL	IMCV +0.54 points	0.76%	0.22%
Dominion EnergyD	IMCV +0.53 points	0.76%	0.23%
Becton DickinsonBDX	IMCV +0.53 points	0.74%	0.21%
MetlifeMET	IMCV +0.52 points	0.74%	0.22%
Xcel Energy IncXEL	IMCV +0.49 points	0.68%	0.19%
Keurig Dr Pepper IncKDP	IMCV +0.48 points	0.65%	0.17%
Paccar IncPCAR	IMCV +0.47 points	0.71%	0.24%
Occidental Petroleum CorpOXY	IMCV +0.46 points	0.63%	0.17%
Exelon CorpEXC	IMCV +0.46 points	0.64%	0.18%
Ford Motor CoF	IMCV +0.44 points	0.64%	0.20%
Nike Class BNKE	IMCV +0.44 points	0.62%	0.18%
MarshMRSH	IMCV +0.44 points	0.79%	0.35%
Consolidated EdisonED	IMCV +0.43 points	0.59%	0.16%
SyscoSYY	IMCV +0.39 points	0.55%	0.16%
Colgate-PalmoliveCL	IMCV +0.38 points	0.67%	0.29%
Prudential Financial IncPRU	IMCV +0.38 points	0.55%	0.17%
KrogerKR	IMCV +0.38 points	0.52%	0.14%
American International GroupAIG	IMCV +0.38 points	0.55%	0.17%
Marathon PetroleumMPC	IMCV +0.38 points	0.87%	0.49%
WilliamsWMB	IMCV +0.37 points	0.72%	0.35%
Northrop Grumman CorpNOC	IMCV +0.37 points	0.64%	0.27%
Kimberly ClarkKMB	IMCV +0.36 points	0.50%	0.14%
Hartford Insurance GroupHIG	IMCV +0.37 points	0.51%	0.14%
Diamondback EnergyFANG	IMCV +0.35 points	0.51%	0.16%
PaychexPAYX	IMCV +0.35 points	0.48%	0.13%
Archer Daniels MidlandADM	IMCV +0.33 points	0.49%	0.16%
KenvueKVUE	IMCV +0.33 points	0.47%	0.14%
M&T BankMTB	IMCV +0.32 points	0.45%	0.13%
Cognizant Technology Solutions ClaCTSH	IMCV +0.30 points	0.41%	0.11%
Hp IncHPQ	IMCV +0.31 points	0.43%	0.12%
HalliburtonHAL	IMCV +0.31 points	0.41%	0.11%
Huntington Bancshares IncHBAN	IMCV +0.30 points	0.43%	0.13%
American Electric Power IncAEP	IMCV +0.30 points	0.57%	0.27%
Norfolk Southern CorpNSC	IMCV +0.29 points	0.59%	0.30%
Crh Public Limited PLCCRH	IMCV +0.27 points	0.51%	0.24%
Dollar General CorpDG	IMCV +0.28 points	0.39%	0.11%
Dte EnergyDTE	IMCV +0.27 points	0.38%	0.11%
EbayEBAY	IMCV +0.27 points	0.45%	0.18%
Quest Diagnostics IncDGX	IMCV +0.26 points	0.37%	0.11%
Air Products and ChemicalsAPD	IMCV +0.25 points	0.51%	0.26%
DowDOW	IMCV +0.26 points	0.34%	0.08%
Ppg IndustriesPPG	IMCV +0.25 points	0.35%	0.10%
Eversource EnergyES	IMCV +0.25 points	0.35%	0.10%
Firstenergy CorpFE	IMCV +0.25 points	0.35%	0.10%
Synchrony FinancialSYF	IMCV +0.24 points	0.34%	0.10%
International Flavors & FragrancesIFF	IMCV +0.24 points	0.33%	0.09%
Principal Financial Group IncPFG	IMCV +0.23 points	0.33%	0.10%
Royalty Pharma PLC Class ARPRX	IMCV +0.23 points	0.33%	0.10%
Regions FinancialRF	IMCV +0.22 points	0.32%	0.10%
Targa ResourcesTRGP	IMCV +0.23 points	0.47%	0.24%
Netapp IncNTAP	IMCV +0.22 points	0.40%	0.18%
CdwCDW	IMCV +0.22 points	0.29%	0.07%
HumanaHUM	IMCV +0.22 points	0.41%	0.19%
Omnicom Group IncOMC	IMCV +0.21 points	0.30%	0.09%
Wr BerkleyWRB	IMCV +0.22 points	0.28%	0.06%
T Rowe Price GroupTROW	IMCV +0.22 points	0.31%	0.09%
Amcor PLCAMCR	IMCV +0.22 points	0.30%	0.08%
Edison InternationalEIX	IMCV +0.21 points	0.30%	0.09%
Smurfit Westrock PLCSW	IMCV +0.21 points	0.31%	0.10%
Kraft HeinzKHC	IMCV +0.21 points	0.29%	0.08%
Fifth Third BancorpFITB	IMCV +0.21 points	0.40%	0.19%
ViatrisVTRS	IMCV +0.20 points	0.29%	0.09%
Broadridge Financial Solutions IncBR	IMCV +0.20 points	0.28%	0.08%
Illinois Tool IncITW	IMCV +0.21 points	0.52%	0.31%
OvintivOVV	IMCV +0.20 points	0.27%	0.07%
Permian Resources Class APR	IMCV +0.20 points	0.27%	0.07%
EvergyEVRG	IMCV +0.19 points	0.27%	0.08%
Constellation Brands Class ASTZ	IMCV +0.20 points	0.27%	0.07%
Allstate CorpALL	IMCV +0.20 points	0.44%	0.24%
KeycorpKEY	IMCV +0.19 points	0.27%	0.08%
EqtEQT	IMCV +0.19 points	0.31%	0.12%
Dupont De NemoursDD	IMCV +0.18 points	0.26%	0.08%
Public Service Enterprise GroupPEG	IMCV +0.19 points	0.33%	0.14%
Fidelity National Information ServFIS	IMCV +0.19 points	0.26%	0.07%
Alliant Energy CorpLNT	IMCV +0.18 points	0.25%	0.07%
Cf Industries Holdings IncCF	IMCV +0.18 points	0.26%	0.07%
Lyondellbasell Industries Class ALYB	IMCV +0.18 points	0.24%	0.06%
East West BancorpEWBC	IMCV +0.18 points	0.25%	0.07%
Lennar A Class ALEN	IMCV +0.18 points	0.25%	0.07%
General Mills IncGIS	IMCV +0.18 points	0.25%	0.07%

All 268 IMCV holdings⁠All 589 VYM 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 VYM Cost

Overpaying IMCV vs VYM

$421

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

IMCV 0.06%
$1,270
VYM 0.04%
$849

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
VYM 0.04%
Overpaying

Year by year

Year	IMCV	VYM	Overpaying
10	$110	$73	$37
20	$432	$288	$144
30	$1,270	$849	$421

Expense ratio

0.06%IMCV
0.04%VYM, cheaper

VYM0.04%IMCV0.06%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VYM cheapest of 99 funds

IMCV 4th cheapest of 99 funds

IMCV vs VYM Dividends

Last 12 months to Oct 28, 2026

Yield (12M): IMCV 1.87%; VYM 2.25%, better
Payout (12M): IMCV $1.83; VYM $3.68
Last payment: IMCV $0.52; VYM $0.89
Ex-dividend: IMCV Sep 15, 2026; VYM Sep 18, 2026
Paid on: IMCV Sep 18, 2026; VYM Sep 22, 2026
Frequency: IMCV Quarterly; VYM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

VYMQuarterly · 39 paymentsAll VYM payments⁠

IMCV vs VYM Risk

Fall from peak · 5 years

IMCV
VYM

Risk facts

VolatilityStd dev, 3 years: IMCV 13.5%VYM 11.2%, better
Return per unit of riskSharpe ratio, 3 years: IMCV 0.94VYM 1.12, better
Worst fallMax drawdown, 5 years: IMCV −19.9%VYM −15.9%, better
Market sensitivityBeta, 5 years: IMCV 0.88VYM 0.75; Market = 1

IMCV and VYM in the news

All news⁠

Head-to-Head
VTV leads VYM over 10 years. The recent gap is one year
Oct 23, 2026VYM
Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026VYM
Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VYM

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IMCV vs VYM

In short

Stated mandate

Why people hold it