ISCV vs IWD: Grades, Fees and Holdings Compared

iShares Morningstar Small Cap Value ETF

ISCVANYSE Arca

iShares Russell 1000 Value ETF

IWDANYSE Arca

Overlap

6.3%by weight

Expense ratio

ISCV −0.12pt a year

ISCV0.06%IWD0.18%

Avg volume · 30D

IWD 183.0×the volume

ISCV11KIWD2.01M

10Y return · a year

IWD +3.0pt

ISCV+8.9%IWD+11.9%

ISCV vs IWD Performance

Oct 29, 2021 – Oct 30, 2026

+48.7%ISCV+72.9%IWD

Expense ratio: ISCV 0.06%, better; IWD 0.18%
Fund size: ISCV $690M; IWD $83.2B
1Y total return: ISCV +20.8%; IWD +28.4%, better
Yield (12M): ISCV 1.90%, better; IWD 1.37%
Holdings: ISCV 1042; IWD 874
Avg volume (30D): ISCV 11K sh; IWD 2.01M sh, better
NAV per share: ISCV $78.45; IWD $258.68
52W range

ETF.net Grade

Pillar letters and Scores for ISCV, IWD, with each pillar’s weight
Pillar	ISCV	IWD
Cost30% weight	A86Higher	B59
Mission25% weight	A100	A100
Risk15% weight	F23	A79Higher
Tradability15% weight	D33	A96Higher
Holdings10% weight	A87Higher	C42
Durability5% weight	B57	A82Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. ISCV and IWD 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 ›

IWD ranks 4th 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 4AVOEVanguard Morningstar Mid-Cap 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

IWDAiShares Russell 1000 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.

IWD The original Russell 1000 Value tracker, live since 2000 and still one of the most traded ways to own the value half of US large caps. Roughly 900 stocks, followed closely, at a price that reflects the plumbing.

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.

IWD The fund seeks to track an index of U.S. large- and mid-cap stocks that may be undervalued relative to comparable companies.

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.

IWD Follows the Russell 1000 Value Index closely, one of the tightest index-following records among US value funds.
About 900 large- and mid-cap names, so no single stock or sector drives the result.
Trading since 2000 and actively traded, it is among the easier value ETFs to move in and out of, in size.

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.

IWD At 0.18% a year, it costs more than several broad value rivals (VTV 0.03%, SCHV 0.04%, IUSV 0.04%). The extra buys the Russell index and the trading depth.
Holding roughly 900 names out of a 1,000-stock parent index, the value tilt is wide and mild, not a concentrated deep-value bet.ishares.com
Distributions land quarterly, and the amount rides on what the underlying companies pay.

Full ISCV profile⁠

Full IWD profile⁠

ISCV vs IWD Holdings

How ISCV and IWD differ

Overlap by weight

6.3%

Shared holdings make up 57.5% of ISCV and 6.3% of IWD.

Level by level

Holdings307 in both6.3%
Sector11 Sectors82.6%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in ISCV and IWD, widest gap first
Sector	More in ISCVMore in IWD	ISCV	IWD
Technology	IWD +12.2 points	8.0%	20.2%
Real Estate	ISCV +5.9 points	9.2%	3.3%
Financials	ISCV +5.7 points	24.0%	18.3%
Consumer Staples	IWD +2.9 points	4.7%	7.6%
Consumer Discretionary	ISCV +2.6 points	12.8%	10.2%
Industrials	ISCV +1.8 points	12.3%	10.5%
Health Care	IWD +1.3 points	12.2%	13.5%
Materials	ISCV +0.7 points	4.2%	3.5%
Communication	IWD +0.8 points	2.1%	2.9%
Utilities	ISCV +0.6 points	4.1%	3.5%
Energy	IWD +0.4 points	6.3%	6.7%

Country, concentration and asset class

Country by domicile

Country weights in ISCV and IWD, widest gap first
Country	More in ISCVMore in IWD	ISCV	IWD
United States	IWD +0.1 points	99.0%	99.1%
Switzerland	IWD +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	IWD +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%
Mexico	IWD +0.1 points	0.0%	0.1%
Other countries (6)	Same weight	0.1%	0.1%

Concentration

Weight in the 10 largest Holdings

ISCV5.6%
IWD29.3%

Securities held

ISCV1,039
IWD871

Asset class

ISCV: Equity
IWD: Equity

Holdings

Only in ISCV732
In both307
Only in IWD564

Only in ISCV

732 securities, 42.5% of ISCV by weight

Halozyme Therapeutics0.50%
Sm Energy0.31%
Umb Financial0.30%
Jackson Financial Class A0.29%
Viasat Inc0.28%
Old National Bancorp0.27%
Gartner0.26%
Pbf Energy Class A0.25%
Autoliv0.24%
Skydance Shs Class B0.23%
Transocean0.23%
Godaddy Class A0.22%
Valley National0.21%
Glacier Bancorp Inc0.21%
United Bankshares0.21%
Compass Inc Class A0.21%
Terex0.20%
Black Hills Corp0.20%
Magnolia Oil Gas Corp Class A0.20%
Selective Insurance Group0.19%
Murphy Oil0.19%
Hancock Whitney0.19%
Essent Group0.19%
Home Bancshares Inc0.18%
Murphy Usa0.18%
Brinker International Inc0.17%
Outfront Media0.17%
Cno Financial Group0.17%
Atlantic Union Bankshares0.17%
Portland General Electric0.17%
New Jersey Resources Corp0.17%
Option Care Health Inc0.16%
Spire Inc0.16%
Insight Enterprises Inc0.16%
Associated Bancorp0.16%
Crescent Energy Class A0.16%
Northwestern Energy Group0.16%
Radian Group0.16%
Crispr Therapeutics AG0.15%
Concentra Group Holdings Parent In0.15%
Herc Holdings0.15%
Spyre Therapeutics Inc0.15%
One Gas0.15%
Draftkings Class A0.15%
Signet Jewelers0.15%
International Seaways0.15%
Eastern Bankshares Inc0.14%
Lumen Technologies0.14%
10X Genomics Class A0.14%
Protagonist Therapeutics0.14%

Only in IWD

564 securities, 93.6% of IWD by weight

Apple6.03%
Amazon.com Inc5.64%
Microsoft5.12%
Berkshire Hathaway Inc Class B2.67%
JPMorgan Chase & Co2.38%
Exxonmobil Holdings Corp2.04%
Johnson & Johnson1.74%
Walmart1.31%
AbbVie1.27%
Chevron1.15%
Cisco Systems Inc1.09%
Procter & Gamble0.99%
Merck & Co Inc0.98%
UnitedHealth Group0.97%
Philip Morris International0.86%
Coca-Cola0.85%
Bank of America0.80%
Intel Corporation0.79%
Rtx0.71%
Thermo Fisher Scientific0.68%
Goldman Sachs Group0.68%
Costco Wholesale Corp0.67%
Wells Fargo0.67%
Meta Platforms Class A0.65%
International Business Machines Co0.64%
Linde PLC0.63%
Gilead Sciences0.56%
Morgan Stanley0.55%
Walt Disney0.51%
Analog Devices0.50%
Conocophillips0.50%
Verizon Communications Inc0.49%
Abbott Laboratories0.49%
Mcdonalds Corp0.48%
Salesforce0.48%
BlackRock0.46%
Nextera Energy0.46%
Qualcomm0.46%
Pfizer0.46%
Citigroup0.46%
Welltower0.45%
Union Pacific0.44%
Deere0.44%
Pepsico0.44%
Accenture PLC Class A0.42%
Danaher0.39%
AT&T0.38%
Vertex Pharmaceuticals0.38%
S&P Global0.36%
Progressive0.36%

Weight gaps

The 100 widest of 307 Holdings in both funds.

Holding weights in ISCV and IWD, widest gap first
Holding	More in ISCVMore in IWD	ISCV	IWD
Skyworks SolutionsSWKS	ISCV +0.62 points	0.67%	0.05%
Best BuyBBY	ISCV +0.56 points	0.61%	0.05%
ApaAPA	ISCV +0.53 points	0.58%	0.05%
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 +0.50 points	0.55%	0.05%
Jones Lang LasalleJLL	ISCV +0.50 points	0.54%	0.04%
Gen DigitalGEN	ISCV +0.48 points	0.52%	0.04%
Equitable HoldingsEQH	ISCV +0.47 points	0.49%	0.02%
Stanley Black & DeckerSWK	ISCV +0.47 points	0.51%	0.04%
Assurant IncAIZ	ISCV +0.43 points	0.47%	0.04%
AramarkARMK	ISCV +0.42 points	0.46%	0.04%
Jazz Pharmaceuticals PLCJAZZ	ISCV +0.42 points	0.45%	0.03%
Jm SmuckerSJM	ISCV +0.40 points	0.44%	0.04%
Crown Holdings IncCCK	ISCV +0.40 points	0.43%	0.03%
UnumUNM	ISCV +0.39 points	0.43%	0.04%
Renaissancere HoldingRNR	ISCV +0.39 points	0.43%	0.04%
Pinnacle WestPNW	ISCV +0.39 points	0.42%	0.03%
Globe LifeGL	ISCV +0.37 points	0.40%	0.03%
Mccormick & Co Non-VotingMKC	ISCV +0.36 points	0.39%	0.03%
SolventumSOLV	ISCV +0.36 points	0.39%	0.03%
Everest GroupEG	ISCV +0.36 points	0.40%	0.04%
Baxter InternationalBAX	ISCV +0.35 points	0.38%	0.03%
First HorizonFHN	ISCV +0.33 points	0.36%	0.03%
Booz Allen Hamilton Holding ClassBAH	ISCV +0.32 points	0.34%	0.02%
CloroxCLX	ISCV +0.32 points	0.35%	0.03%
BorgwarnerBWA	ISCV +0.31 points	0.34%	0.03%
Gaming and Leisure Properties ReitGLPI	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%
RevvityRVTY	ISCV +0.30 points	0.35%	0.05%
DocusignDOCU	ISCV +0.30 points	0.34%	0.04%
Cnh Industrial N.v.CNH	ISCV +0.29 points	0.32%	0.03%
Agnc Investment ReitAGNC	ISCV +0.29 points	0.32%	0.03%
Gamestop Class AGME	ISCV +0.29 points	0.32%	0.03%
Southstate Bank CorpSSB	ISCV +0.29 points	0.32%	0.03%
HasbroHAS	ISCV +0.29 points	0.32%	0.03%
Owens CorningOC	ISCV +0.28 points	0.31%	0.03%
Cullen Frost BankersCFR	ISCV +0.28 points	0.30%	0.02%
Viper Energy Inc Class AVNOM	ISCV +0.28 points	0.30%	0.02%
Aptiv PLCAPTV	ISCV +0.28 points	0.30%	0.02%
Zions BancorporationZION	ISCV +0.27 points	0.30%	0.03%
Universal Health Services Class BUHS	ISCV +0.27 points	0.29%	0.02%
MascoMAS	ISCV +0.27 points	0.31%	0.04%
Arrow ElectronicsARW	ISCV +0.26 points	0.29%	0.03%
Franklin TempletonBEN	ISCV +0.27 points	0.29%	0.02%
Old Republic InternationalORI	ISCV +0.26 points	0.28%	0.02%
Toll Brothers IncTOL	ISCV +0.26 points	0.29%	0.04%
Voya FinancialVOYA	ISCV +0.26 points	0.28%	0.02%
Invesco LtdIVZ	ISCV +0.25 points	0.28%	0.03%
Avery Dennison CorpAVY	ISCV +0.25 points	0.29%	0.04%
Columbia Banking System IncCOLB	ISCV +0.26 points	0.28%	0.02%
Brown Forman Class BBF.B	ISCV +0.25 points	0.26%	0.01%
Healthpeak Properties IncDOC	ISCV +0.25 points	0.28%	0.03%
Chord EnergyCHRD	ISCV +0.25 points	0.27%	0.02%
Corebridge Financial IncCRBG	ISCV +0.25 points	0.27%	0.02%
UgiUGI	ISCV +0.25 points	0.27%	0.02%
Western AllianceWAL	ISCV +0.24 points	0.26%	0.02%
Prosperity BancsharesPB	ISCV +0.24 points	0.26%	0.02%
Cleveland Cliffs IncCLF	ISCV +0.24 points	0.26%	0.02%
Mohawk IndustriesMHK	ISCV +0.24 points	0.26%	0.02%
Omega Healthcare Investors ReitOHI	ISCV +0.24 points	0.28%	0.04%
Henry ScheinHSIC	ISCV +0.24 points	0.26%	0.02%
Carmax IncKMX	ISCV +0.24 points	0.26%	0.02%
Nnn ReitNNN	ISCV +0.23 points	0.25%	0.02%
Lamar Advertising Company ClasLAMR	ISCV +0.23 points	0.26%	0.03%
Commerce BancsharesCBSH	ISCV +0.23 points	0.25%	0.02%
Essential Utilities IncWTRG	ISCV +0.23 points	0.26%	0.03%
Zebra Technologies Corp Class AZBRA	ISCV +0.22 points	0.27%	0.05%
Epam SystemsEPAM	ISCV +0.22 points	0.24%	0.02%
Eastman ChemicalEMN	ISCV +0.22 points	0.24%	0.02%
Exelixis IncEXEL	ISCV +0.22 points	0.25%	0.03%
Axis Capital HoldingsAXS	ISCV +0.22 points	0.24%	0.02%
American Financial GroupAFG	ISCV +0.21 points	0.24%	0.03%
Allegion PLCALLE	ISCV +0.21 points	0.25%	0.04%
Lamb Weston HoldingsLW	ISCV +0.21 points	0.23%	0.02%
CrocsCROX	ISCV +0.21 points	0.23%	0.02%
Akamai Technologies IncAKAM	ISCV +0.21 points	0.25%	0.04%
Biomarin PharmaceuticalBMRN	ISCV +0.21 points	0.24%	0.03%
Factset Research SystemsFDS	ISCV +0.21 points	0.24%	0.03%
Builders Firstsource IncBLDR	ISCV +0.21 points	0.23%	0.02%
Matador ResourcesMTDR	ISCV +0.20 points	0.22%	0.02%
Range ResourcesRRC	ISCV +0.20 points	0.23%	0.03%
Conagra BrandsCAG	ISCV +0.20 points	0.22%	0.02%
Blue Owl Capital Class AOWL	ISCV +0.20 points	0.22%	0.02%
Science Applications InternationalSAIC	ISCV +0.19 points	0.21%	0.02%
Weatherford International PLCWFRD	ISCV +0.19 points	0.21%	0.02%
H&R Block IncHRB	ISCV +0.20 points	0.21%	0.01%
Onemain HoldingsOMF	ISCV +0.19 points	0.21%	0.02%
Axalta Coating SystemsAXTA	ISCV +0.19 points	0.21%	0.02%
CooperCOO	ISCV +0.19 points	0.22%	0.03%
Lithia Motors Inc Class ALAD	ISCV +0.19 points	0.21%	0.02%
Wintrust FinancialWTFC	ISCV +0.18 points	0.21%	0.03%
First American Financial CorpFAF	ISCV +0.18 points	0.20%	0.02%
Hormel Foods CorpHRL	ISCV +0.18 points	0.20%	0.02%
TeleflexTFX	ISCV +0.18 points	0.20%	0.02%
Healthcare Realty Trust Inc ClassHR	ISCV +0.18 points	0.20%	0.02%

All 1,039 ISCV holdings⁠All 871 IWD 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 IWD Cost

Overpaying IWD vs ISCV

$2,479

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

ISCV 0.06%
$1,270
IWD 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

ISCV 0.06%
IWD 0.18%
Overpaying

Year by year

Year	ISCV	IWD	Overpaying
10	$110	$328	$218
20	$432	$1,281	$849
30	$1,270	$3,749	$2,479

Expense ratio

0.06%ISCV, cheaper
0.18%IWD

ISCV0.06%IWD0.18%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

ISCV 7th cheapest of 40 funds

IWD 16th cheapest of 40 funds

ISCV vs IWD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ISCV 1.90%, better; IWD 1.37%
Payout (12M): ISCV $1.49; IWD $3.53
Last payment: ISCV $0.40; IWD $0.93
Ex-dividend: ISCV Sep 15, 2026; IWD Sep 15, 2026
Paid on: ISCV Sep 18, 2026; IWD Sep 18, 2026
Frequency: ISCV Quarterly; IWD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ISCVQuarterly · 39 paymentsAll ISCV payments⁠

IWDQuarterly · 39 paymentsAll IWD payments⁠

ISCV vs IWD Risk

Fall from peak · 5 years

ISCV
IWD

Risk facts

VolatilityStd dev, 3 years: ISCV 17.2%IWD 12.1%, better
Return per unit of riskSharpe ratio, 3 years: ISCV 0.88IWD 1.42, better
Worst fallMax drawdown, 5 years: ISCV −25.3%IWD −19.0%, better
Market sensitivityBeta, 5 years: ISCV 1.02IWD 0.85; Market = 1

ISCV and IWD in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026IWD
Head-to-Head
IWD vs VBR: a lower fee does not buy the other value portfolio
12 hours agoIWD
Category Review
U.S. value funds beat the S&P 500 over the past year, but the funds did not move together
Updated Oct 21, 2026IWD
New ETFs
Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026IWD
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026IWD
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026IWD

Popular comparisons

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ISCV vs IWD

In short

Stated mandate

Why people hold it