ISCV vs IUSV: Grades, Fees and Holdings Compared

iShares Morningstar Small Cap Value ETF

ISCVANYSE Arca

iShares Core S&P U.S. Value ETF

IUSVANasdaq

Overlap

6.0%by weight

Expense ratio

IUSV −0.02pt a year

ISCV0.06%IUSV0.04%

Avg volume · 30D

IUSV 52.5×the volume

ISCV11KIUSV575K

10Y return · a year

IUSV +3.4pt

ISCV+8.9%IUSV+12.3%

ISCV vs IUSV Performance

Oct 29, 2021 – Oct 30, 2026

+48.7%ISCV+72.6%IUSV

Expense ratio: ISCV 0.06%; IUSV 0.04%, better
Fund size: ISCV $690M; IUSV $28.5B
1Y total return: ISCV +20.8%, better; IUSV +16.6%
Yield (12M): ISCV 1.90%, better; IUSV 1.63%
Holdings: ISCV 1042; IUSV 734
Avg volume (30D): ISCV 11K sh; IUSV 575K sh, better
NAV per share: ISCV $78.45; IUSV $115.73
52W range

ETF.net Grade

Pillar letters and Scores for ISCV, IUSV, with each pillar’s weight
Pillar	ISCV	IUSV
Cost30% weight	A86	A96Higher
Mission25% weight	A100Higher	A88
Risk15% weight	F23	B64Higher
Tradability15% weight	D33	A82Higher
Holdings10% weight	A87Higher	C48
Durability5% weight	B57	A79Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. ISCV and IUSV are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

IUSV ranks 3rd and ISCV 7th of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 84
Rank 2AVTVVanguard Morningstar Value ETFScore 83
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 4AIWDiShares Russell 1000 Value ETFScore 77
Rank 6AVLUState Street SPDR S&P 1500 Value Tilt ETFScore 75
Rank 7AISCViShares Morningstar Small Cap Value ETFScore 70
Rank 8BVTWVVanguard Russell 2000 Value ETFScore 69

Our read on each fund

ETF.net Research

ISCVAiShares Morningstar Small Cap Value ETF

IUSVAiShares Core S&P U.S. Value ETF

In short

ISCV A 2004-vintage way to own the cheap end of small caps: roughly 1,100 names screened on value measures, for 0.06% a year, about a third of what the typical value ETF charges.

IUSV A value fund with a wider net: it tracks the S&P 900 Value Index, which screens S&P 500 and MidCap 400 stocks on book value, earnings and sales versus price. Roughly 700 names, 0.04% a year, running since 2000.

Stated mandate

ISCV The fund seeks to follow an index of U.S. small-cap stocks chosen using value-oriented measures including forward earnings, book value, sales, cash flow, and dividend yield, providing targeted U.S. small-cap value exposure.

IUSV The fund seeks to track the S&P 900 Value Index, which represents large- and mid-capitalization U.S. value equities. Value characteristics are identified using book value, earnings, and sales relative to price.

Why people hold it

ISCV Charges 0.06% a year against a 0.18% median for its value peer group. Cost basically stops being part of the conversation.
About 1,100 holdings, so one small-cap blowup barely registers. This is a wide net across the value patch, not a stock-picker's short list.
Value is judged on forward earnings, book value, sales, cash flow and dividend yield, not price-to-book alone, and the fund has tracked that index tightly.
Trading since 2004 under the iShares roof, with cash paid out quarterly.

IUSV Costs 0.04% a year, a fraction of the typical US value ETF, and level with the cheapest of its large peers like SCHV.
The index reaches past the S&P 500 into the S&P MidCap 400, so mid-cap value names come along. Large-cap-only rivals such as SCHV stop short of them.spindices.com
A 2000 vintage and now a multi-billion-dollar iShares Core holding: it trades actively, tracks its index closely, and pays quarterly.

Worth knowing

ISCV Thinly traded for its category. Spreads can run wider and size can push the price, so limit orders matter more here than at the mega-funds.
Small caps plus a value screen is the bumpy end of the equity market. Drawdowns here have historically run deeper than large-cap value.
The low fee isn't exclusive: VTWV matches 0.06%, and large-cap value siblings VTV and SCHV sit lower still.

IUSV S&P's style system splits the parent index by formula, and stocks with both value and growth traits can sit in each. This is the cheap half of the market, not a deep-value sleeve.spglobal.com spglobal.com 2
The screen is pure price ratios (book value, earnings, sales), with no profitability or quality filter, so cheap-for-a-reason names are part of the deal.spglobal.com
Holdings are float-market-cap weighted, so the biggest value names drive most of the movement.spglobal.com

Full ISCV profile⁠

Full IUSV profile⁠

ISCV vs IUSV Holdings

How ISCV and IUSV differ

Overlap by weight

6.0%

Shared holdings make up 54.1% of ISCV and 6.0% of IUSV.

Level by level

Holdings275 in both6.0%
Sector11 Sectors80.9%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in ISCV and IUSV, widest gap first
Sector	More in ISCVMore in IUSV	ISCV	IUSV
Technology	IUSV +12.2 points	8.0%	20.2%
Financials	ISCV +8.5 points	24.0%	15.5%
Real Estate	ISCV +5.9 points	9.2%	3.3%
Consumer Staples	IUSV +4.1 points	4.7%	8.8%
Consumer Discretionary	ISCV +2.9 points	12.8%	9.9%
Energy	IUSV +1.9 points	6.3%	8.2%
Industrials	ISCV +1.1 points	12.3%	11.2%
Materials	ISCV +0.7 points	4.2%	3.5%
Health Care	IUSV +0.6 points	12.2%	12.8%
Communication	IUSV +0.3 points	2.1%	2.4%
Utilities	ISCV +0.1 points	4.1%	4.0%

Country, concentration and asset class

Country by domicile

Country weights in ISCV and IUSV, widest gap first
Country	More in ISCVMore in IUSV	ISCV	IUSV
United States	IUSV +0.2 points	99.0%	99.2%
Switzerland	IUSV +0.2 points	0.3%	0.5%
Sweden	ISCV +0.2 points	0.2%	0.0%
India	ISCV +0.2 points	0.2%	0.0%
United Kingdom	IUSV +0.1 points	0.0%	0.1%
Canada	ISCV +0.1 points	0.1%	0.0%
Belgium	ISCV +0.1 points	0.1%	0.0%
Ireland	IUSV +0.1 points	0.0%	0.1%
Other countries (4)	Same weight	0.1%	0.1%

Concentration

Weight in the 10 largest Holdings

ISCV5.6%
IUSV23.0%

Securities held

ISCV1,039
IUSV731

Asset class

ISCV: Equity
IUSV: Equity

Holdings

Only in ISCV764
In both275
Only in IUSV456

Only in ISCV

764 securities, 45.9% of ISCV by weight

Halozyme Therapeutics0.50%
Jazz Pharmaceuticals PLC0.45%
Sm Energy0.31%
Jackson Financial Class A0.29%
Viasat Inc0.28%
Mohawk Industries0.26%
Carmax Inc0.26%
Exelixis Inc0.25%
Eastman Chemical0.24%
Epam Systems0.24%
Axis Capital Holdings0.24%
Lamb Weston Holdings0.23%
Transocean0.23%
Builders Firstsource Inc0.23%
Conagra Brands0.22%
Blue Owl Capital Class A0.22%
Onemain Holdings0.21%
Caci International Inc Class A0.21%
Compass Inc Class A0.21%
Magnolia Oil Gas Corp Class A0.20%
Teleflex0.20%
Encompass Health0.19%
Molson Coors Brewing Class B0.19%
Popular0.19%
Paycom Software0.19%
Wayfair Class A0.19%
Match Group Inc0.19%
Wynn Resorts0.18%
Bitmine Immersion Technologies0.18%
Lincoln National Corp0.18%
Gates Industrial PLC0.18%
Affiliated Managers Group0.18%
Brinker International Inc0.17%
Outfront Media0.17%
Adt Inc0.17%
Rithm Capital0.17%
Atlantic Union Bankshares0.17%
Dropbox Inc Class A0.17%
Option Care Health Inc0.16%
Insight Enterprises Inc0.16%
Crescent Energy Class A0.16%
Radian Group0.16%
Elanco Animal Health0.16%
Etsy0.16%
Primo Brands Class A Corp0.16%
Crispr Therapeutics AG0.15%
Concentra Group Holdings Parent In0.15%
Herc Holdings0.15%
Spyre Therapeutics Inc0.15%
Draftkings Class A0.15%

Only in IUSV

456 securities, 93.9% of IUSV by weight

Apple7.81%
Amazon.com Inc3.44%
Exxonmobil Holdings Corp2.39%
Walmart1.71%
Chevron1.44%
Costco Wholesale Corp1.39%
Tesla Inc1.33%
Procter & Gamble1.17%
Merck & Co Inc1.15%
UnitedHealth Group1.13%
Home Depot1.02%
Intel Corporation1.01%
Bank of America1.01%
Visa Class A0.98%
JPMorgan Chase & Co0.89%
AbbVie0.87%
Texas Instrument0.85%
Johnson & Johnson0.84%
Thermo Fisher Scientific0.80%
Wells Fargo0.78%
Linde PLC0.74%
Coca-Cola0.66%
Citigroup0.64%
Analog Devices0.63%
Cisco Systems Inc0.60%
Walt Disney0.59%
Salesforce0.58%
Pepsico0.58%
Verizon Communications Inc0.58%
Conocophillips0.57%
Abbott Laboratories0.57%
Union Pacific0.56%
Qualcomm0.55%
Nextera Energy0.54%
Pfizer0.54%
Mastercard Class A0.53%
Deere0.53%
BlackRock0.51%
Accenture PLC Class A0.49%
Ge Aerospace0.47%
AT&T0.46%
Danaher0.45%
Eaton PLC0.45%
Philip Morris International0.44%
Charles Schwab0.44%
Vertex Pharmaceuticals0.44%
Western Digital Corp0.41%
Palo Alto Networks0.41%
Altria Group Inc0.40%
Lockheed Martin0.40%

Weight gaps

The 100 widest of 275 Holdings in both funds.

Holding weights in ISCV and IUSV, widest gap first
Holding	More in ISCVMore in IUSV	ISCV	IUSV
Skyworks SolutionsSWKS	ISCV +0.61 points	0.67%	0.06%
Best BuyBBY	ISCV +0.55 points	0.61%	0.06%
ApaAPA	ISCV +0.52 points	0.58%	0.06%
Host Hotels & Resorts ReitHST	ISCV +0.51 points	0.56%	0.05%
Charles River Laboratories InternaCRL	ISCV +0.50 points	0.55%	0.05%
Reinsurance Group of AmericaRGA	ISCV +0.50 points	0.55%	0.05%
Hf SinclairDINO	ISCV +0.49 points	0.55%	0.06%
Jones Lang LasalleJLL	ISCV +0.49 points	0.54%	0.05%
Gen DigitalGEN	ISCV +0.47 points	0.52%	0.05%
Equitable HoldingsEQH	ISCV +0.47 points	0.49%	0.02%
Stanley Black & DeckerSWK	ISCV +0.46 points	0.51%	0.05%
Assurant IncAIZ	ISCV +0.43 points	0.47%	0.04%
AramarkARMK	ISCV +0.42 points	0.46%	0.04%
Renaissancere HoldingRNR	ISCV +0.41 points	0.43%	0.02%
Jm SmuckerSJM	ISCV +0.40 points	0.44%	0.04%
Crown Holdings IncCCK	ISCV +0.39 points	0.43%	0.04%
UnumUNM	ISCV +0.39 points	0.43%	0.04%
Pinnacle WestPNW	ISCV +0.38 points	0.42%	0.04%
Globe LifeGL	ISCV +0.36 points	0.40%	0.04%
Mccormick & Co Non-VotingMKC	ISCV +0.35 points	0.39%	0.04%
SolventumSOLV	ISCV +0.35 points	0.39%	0.04%
Everest GroupEG	ISCV +0.35 points	0.40%	0.05%
Baxter InternationalBAX	ISCV +0.34 points	0.38%	0.04%
Gaming and Leisure Properties ReitGLPI	ISCV +0.32 points	0.34%	0.02%
First HorizonFHN	ISCV +0.33 points	0.36%	0.03%
DocusignDOCU	ISCV +0.32 points	0.34%	0.02%
Agnc Investment ReitAGNC	ISCV +0.31 points	0.32%	<0.01%
CloroxCLX	ISCV +0.32 points	0.35%	0.03%
BorgwarnerBWA	ISCV +0.31 points	0.34%	0.03%
Booz Allen Hamilton Holding ClassBAH	ISCV +0.31 points	0.34%	0.03%
AvantorAVTR	ISCV +0.31 points	0.34%	0.03%
Oge EnergyOGE	ISCV +0.30 points	0.33%	0.03%
AesAES	ISCV +0.30 points	0.33%	0.03%
Ally Financial IncALLY	ISCV +0.30 points	0.33%	0.03%
Cnh Industrial N.v.CNH	ISCV +0.29 points	0.32%	0.03%
RevvityRVTY	ISCV +0.30 points	0.35%	0.05%
Gamestop Class AGME	ISCV +0.29 points	0.32%	0.03%
Cullen Frost BankersCFR	ISCV +0.28 points	0.30%	0.02%
Southstate Bank CorpSSB	ISCV +0.29 points	0.32%	0.03%
Owens CorningOC	ISCV +0.28 points	0.31%	0.03%
Old Republic InternationalORI	ISCV +0.27 points	0.28%	0.01%
Viper Energy Inc Class AVNOM	ISCV +0.27 points	0.30%	0.03%
Aptiv PLCAPTV	ISCV +0.27 points	0.30%	0.03%
Umb FinancialUMBF	ISCV +0.27 points	0.30%	0.03%
Zions BancorporationZION	ISCV +0.27 points	0.30%	0.03%
HasbroHAS	ISCV +0.27 points	0.32%	0.05%
Universal Health Services Class BUHS	ISCV +0.26 points	0.29%	0.03%
MascoMAS	ISCV +0.26 points	0.31%	0.05%
Arrow ElectronicsARW	ISCV +0.26 points	0.29%	0.03%
Omega Healthcare Investors ReitOHI	ISCV +0.26 points	0.28%	0.02%
Franklin TempletonBEN	ISCV +0.26 points	0.29%	0.03%
Voya FinancialVOYA	ISCV +0.25 points	0.28%	0.03%
Toll Brothers IncTOL	ISCV +0.26 points	0.29%	0.04%
Columbia Banking System IncCOLB	ISCV +0.25 points	0.28%	0.03%
Avery Dennison CorpAVY	ISCV +0.25 points	0.29%	0.04%
Chord EnergyCHRD	ISCV +0.24 points	0.27%	0.03%
Brown Forman Class BBF.B	ISCV +0.24 points	0.26%	0.02%
Invesco LtdIVZ	ISCV +0.24 points	0.28%	0.04%
UgiUGI	ISCV +0.24 points	0.27%	0.03%
Corebridge Financial IncCRBG	ISCV +0.24 points	0.27%	0.03%
Healthpeak Properties IncDOC	ISCV +0.24 points	0.28%	0.04%
Lamar Advertising Company ClasLAMR	ISCV +0.24 points	0.26%	0.02%
Old National BancorpONB	ISCV +0.24 points	0.27%	0.03%
Nnn ReitNNN	ISCV +0.24 points	0.25%	0.01%
Prosperity BancsharesPB	ISCV +0.23 points	0.26%	0.03%
Cleveland Cliffs IncCLF	ISCV +0.24 points	0.26%	0.02%
Western AllianceWAL	ISCV +0.24 points	0.26%	0.02%
Henry ScheinHSIC	ISCV +0.23 points	0.26%	0.03%
Allegion PLCALLE	ISCV +0.23 points	0.25%	0.02%
AutolivALV	ISCV +0.23 points	0.24%	<0.01%
Commerce BancsharesCBSH	ISCV +0.23 points	0.25%	0.02%
Biomarin PharmaceuticalBMRN	ISCV +0.23 points	0.24%	0.01%
Pbf Energy Class APBF	ISCV +0.23 points	0.25%	0.02%
Essential Utilities IncWTRG	ISCV +0.22 points	0.26%	0.04%
American Financial GroupAFG	ISCV +0.22 points	0.24%	0.02%
Skydance Shs Class BSKYD	ISCV +0.22 points	0.23%	0.01%
CrocsCROX	ISCV +0.22 points	0.23%	0.01%
Zebra Technologies Corp Class AZBRA	ISCV +0.22 points	0.27%	0.05%
GartnerIT	ISCV +0.22 points	0.26%	0.04%
Akamai Technologies IncAKAM	ISCV +0.21 points	0.25%	0.04%
Factset Research SystemsFDS	ISCV +0.20 points	0.24%	0.04%
Weatherford International PLCWFRD	ISCV +0.20 points	0.21%	0.01%
TransunionTRU	ISCV +0.20 points	0.22%	0.02%
H&R Block IncHRB	ISCV +0.20 points	0.21%	<0.01%
Matador ResourcesMTDR	ISCV +0.20 points	0.22%	0.02%
Range ResourcesRRC	ISCV +0.19 points	0.23%	0.04%
Science Applications InternationalSAIC	ISCV +0.19 points	0.21%	0.02%
Axalta Coating SystemsAXTA	ISCV +0.19 points	0.21%	0.02%
Dt MidstreamDTM	ISCV +0.19 points	0.20%	0.01%
WexWEX	ISCV +0.19 points	0.20%	<0.01%
Lithia Motors Inc Class ALAD	ISCV +0.19 points	0.21%	0.02%
CooperCOO	ISCV +0.18 points	0.22%	0.04%
Glacier Bancorp IncGBCI	ISCV +0.19 points	0.21%	0.02%
United BanksharesUBSI	ISCV +0.19 points	0.21%	0.02%
Valley NationalVLY	ISCV +0.19 points	0.21%	0.02%
Rpm International IncRPM	ISCV +0.19 points	0.21%	0.02%
Cubesmart ReitCUBE	ISCV +0.18 points	0.20%	0.02%
TerexTEX	ISCV +0.18 points	0.20%	0.02%
Carlisle CompaniesCSL	ISCV +0.18 points	0.21%	0.03%
Black Hills CorpBKH	ISCV +0.18 points	0.20%	0.02%

All 1,039 ISCV holdings⁠All 732 IUSV 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.

ISCV vs IUSV Cost

Overpaying ISCV vs IUSV

$421

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

ISCV 0.06%
$1,270
IUSV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

ISCV 0.06%
IUSV 0.04%
Overpaying

Year by year

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

Expense ratio

0.06%ISCV
0.04%IUSV, cheaper

IUSV0.04%ISCV0.06%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

ISCV 7th cheapest of 40 funds

ISCV vs IUSV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ISCV 1.90%, better; IUSV 1.63%
Payout (12M): ISCV $1.49; IUSV $1.89
Last payment: ISCV $0.40; IUSV $0.49
Ex-dividend: ISCV Sep 15, 2026; IUSV Sep 15, 2026
Paid on: ISCV Sep 18, 2026; IUSV Sep 18, 2026
Frequency: ISCV Quarterly; IUSV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ISCVQuarterly · 39 paymentsAll ISCV payments⁠

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

ISCV vs IUSV Risk

Fall from peak · 5 years

ISCV
IUSV

Risk facts

VolatilityStd dev, 3 years: ISCV 17.2%IUSV 11.9%, better
Return per unit of riskSharpe ratio, 3 years: ISCV 0.88IUSV 1.15, better
Worst fallMax drawdown, 5 years: ISCV −25.3%IUSV −17.9%, better
Market sensitivityBeta, 5 years: ISCV 1.02IUSV 0.85; Market = 1

ISCV and IUSV in the news

All news⁠

Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026IUSV

Popular comparisons

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ISCV vs IUSV

In short

Stated mandate

Why people hold it

Worth knowing

How ISCV and IUSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ISCV

Only in IUSV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

One US value fund returned 68% with Micron at 22.5%. The median returned 22%

How ISCV and IUSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ISCV

Only in IUSV

Weight gaps