IUSV vs IWN: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

iShares Russell 2000 Value ETF

IWNBNYSE Arca

Overlap

0.8%by weight

Expense ratio

IUSV −0.20pt a year

IUSV0.04%IWN0.24%

Avg volume · 30D

IWN 1.1×the volume

IUSV575KIWN628K

10Y return · a year

IUSV +2.5pt

IUSV+12.3%IWN+9.8%

IUSV vs IWN Performance

Oct 29, 2021 – Oct 30, 2026

+72.6%IUSV+41.9%IWN

Expense ratio: IUSV 0.04%, better; IWN 0.24%
Fund size: IUSV $28.5B; IWN $14.1B
1Y total return: IUSV +16.6%; IWN +23.1%, better
Yield (12M): IUSV 1.63%, better; IWN 1.52%
Holdings: IUSV 734; IWN 1402
Avg volume (30D): IUSV 575K sh; IWN 628K sh, better
NAV per share: IUSV $115.73; IWN $214.58
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, IWN, with each pillar’s weight
Pillar	IUSV	IWN
Cost30% weight	A96Higher	C42
Mission25% weight	A88	A89Higher
Risk15% weight	B64Higher	D26
Tradability15% weight	A82Higher	A80
Holdings10% weight	C48	A86Higher
Durability5% weight	A79Higher	A74

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and IWN 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 IWN 14th 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 14BDFUVDimensional US Marketwide Value ETFScore 63
Rank 14BIWNiShares Russell 2000 Value ETFScore 63
Rank 16BFELVFidelity Enhanced Large Cap Value ETF Score 60

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

IWNBiShares Russell 2000 Value ETF

In short

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.

IWN No data

Stated mandate

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.

IWN No data

Why people hold it

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.

IWN No data

Worth knowing

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

IWN No data

Full IUSV profile⁠

Full IWN profile⁠

IUSV vs IWN Holdings

How IUSV and IWN differ

Overlap by weight

0.8%

Shared holdings make up 15.8% of IWN and 0.8% of IUSV.

Level by level

Holdings50 in both0.8%
Sector11 Sectors79.0%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in IUSV and IWN, widest gap first
Sector	More in IUSVMore in IWN	IUSV	IWN
Financials	IWN +13.2 points	15.5%	28.7%
Technology	IUSV +13.0 points	20.2%	7.2%
Consumer Staples	IUSV +6.5 points	8.8%	2.3%
Real Estate	IWN +5.8 points	3.3%	9.1%
Utilities	IWN +1.4 points	4.0%	5.4%
Consumer Discretionary	IUSV +0.9 points	9.9%	9.0%
Health Care	IUSV +0.4 points	12.8%	12.4%
Materials	IWN +0.4 points	3.5%	3.9%
Energy	IWN +0.2 points	8.2%	8.4%
Communication	IUSV +0.1 points	2.4%	2.3%
Industrials	IWN +0.1 points	11.2%	11.3%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and IWN, widest gap first
Country	More in IUSVMore in IWN	IUSV	IWN
United States	IUSV +1.1 points	99.2%	98.1%
Brazil	IWN +1.1 points	0.0%	1.1%
Other countries (10)	IWN +0.1 points	0.8%	0.9%

Concentration

Weight in the 10 largest Holdings

IUSV23.0%
IWN5.6%

Securities held

IUSV731
IWN1,400

Asset class

IUSV: Equity
IWN: Equity

Holdings

Only in IUSV681
In both50
Only in IWN1,350

Only in IUSV

681 securities, 99.1% 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%

Only in IWN

1,350 securities, 84.2% of IWN by weight

Viasat Inc0.66%
Sm Energy0.62%
Jackson Financial Class A0.59%
Caretrust Reit0.58%
Macerich Reit0.47%
Terreno Realty Reit0.47%
Transocean0.46%
Matson Inc0.46%
Life Time Group Holdings0.45%
Grail Inc0.40%
Essential Properties Realty Trust0.39%
Jbt Marel0.39%
Atlantic Union Bankshares0.37%
Ameris Bancorp0.36%
Insight Enterprises Inc0.35%
Minimed Inc0.35%
Ormat Tech Inc0.35%
Ssr Mining0.34%
Phillips Edison and Company0.34%
Sabra Health Care Reit0.34%
Valaris Ltd0.34%
Patterson Uti Energy Inc0.33%
Radian Group0.32%
Ha Sustainable Infrastructure Capi0.32%
Lumen Technologies0.32%
International Seaways0.32%
Brookfield Infrastructure Corp Cla0.32%
Crescent Energy Class A0.31%
Merit Medical Systems Inc0.31%
Signet Jewelers0.31%
Golar Lng0.30%
Eastern Bankshares Inc0.30%
Fulton Financial0.30%
Rxo Inc0.29%
United Community Banks Inc0.29%
Integer Holdings Corp0.29%
California Resources0.29%
Axos Financial0.28%
Itron0.28%
Cathay General Bancorp0.28%
Meritage Corp0.28%
Scorpio Tankers0.28%
Apple Hospitality Reit Inc0.28%
Wsfs Financial0.27%
Icu Medical0.27%
Crispr Therapeutics AG0.27%
Korn Ferry0.27%
Independent Bank Corp0.27%
Vse Corp0.26%
Garrett Motion0.26%

Weight gaps

All 50 Holdings in both funds, largest gap first.

Holding weights in IUSV and IWN, widest gap first
Holding	More in IUSVMore in IWN	IUSV	IWN
Umb FinancialUMBF	IWN +0.58 points	0.03%	0.61%
Old National BancorpONB	IWN +0.49 points	0.03%	0.52%
CytokineticsCYTK	IWN +0.50 points	0.01%	0.51%
Pbf Energy Class APBF	IWN +0.50 points	0.02%	0.52%
Southwest Gas HoldingsSWX	IWN +0.44 points	0.02%	0.46%
Txnm Energy IncTXNM	IWN +0.42 points	0.01%	0.43%
United BanksharesUBSI	IWN +0.42 points	0.02%	0.44%
TerexTEX	IWN +0.41 points	0.02%	0.43%
Black Hills CorpBKH	IWN +0.41 points	0.02%	0.43%
GatxGATX	IWN +0.39 points	<0.01%	0.40%
Essent GroupESNT	IWN +0.39 points	0.01%	0.40%
Murphy OilMUR	IWN +0.39 points	0.02%	0.41%
Selective Insurance GroupSIGI	IWN +0.38 points	0.02%	0.40%
Hancock WhitneyHWC	IWN +0.38 points	0.02%	0.40%
Commercial MetalsCMC	IWN +0.38 points	0.02%	0.40%
Home Bancshares IncHOMB	IWN +0.37 points	0.02%	0.39%
New Jersey Resources CorpNJR	IWN +0.35 points	0.02%	0.37%
Cnx ResourcesCNX	IWN +0.34 points	0.02%	0.36%
Cno Financial GroupCNO	IWN +0.34 points	0.02%	0.36%
Spire IncSR	IWN +0.34 points	<0.01%	0.35%
Portland General ElectricPOR	IWN +0.33 points	0.02%	0.35%
Kite Realty Group Trust ReitKRG	IWN +0.32 points	0.02%	0.34%
Northwestern Energy GroupNWE	IWN +0.33 points	<0.01%	0.34%
Valley NationalVLY	IWN +0.33 points	0.02%	0.35%
Associated BancorpASB	IWN +0.32 points	0.02%	0.34%
Glacier Bancorp IncGBCI	IWN +0.32 points	0.02%	0.34%
One GasOGS	IWN +0.32 points	0.01%	0.34%
Ufp IndustriesUFPI	IWN +0.30 points	0.01%	0.31%
Fluor CorpFLR	IWN +0.29 points	0.02%	0.31%
SynapticsSYNA	IWN +0.27 points	0.01%	0.28%
Avient CorpAVNT	IWN +0.26 points	0.01%	0.27%
Copt Defense PropertiesCDP	IWN +0.25 points	<0.01%	0.26%
Texas Capital BancsharesTCBI	IWN +0.25 points	<0.01%	0.26%
Cabot CorpCBT	IWN +0.25 points	0.01%	0.26%
Graham Holdings Company Class BGHC	IWN +0.24 points	<0.01%	0.25%
Independence RealtyIRT	IWN +0.23 points	0.01%	0.24%
AshlandASH	IWN +0.22 points	0.01%	0.23%
International Bancshares CorpIBOC	IWN +0.21 points	<0.01%	0.22%
Flagstar Bank National AssociationFLG	IWN +0.21 points	<0.01%	0.22%
Park Hotels Resorts IncPK	IWN +0.20 points	0.01%	0.21%
Crane NxtCXT	IWN +0.20 points	<0.01%	0.20%
MaximusMMS	IWN +0.19 points	<0.01%	0.20%
Kb HomeKBH	IWN +0.19 points	<0.01%	0.20%
First Financial Bankshares IncFFIN	IWN +0.14 points	<0.01%	0.15%
VisteonVC	IWN +0.13 points	<0.01%	0.14%
Greif Inc Class AGEF	IWN +0.13 points	<0.01%	0.14%
Dentsply SironaXRAY	IWN +0.12 points	<0.01%	0.13%
Harley DavidsonHOG	IWN +0.08 points	0.01%	0.09%
Haemonetics CorpHAE	IWN +0.01 points	<0.01%	0.02%
MarzettiMZTI	IWN +0.01 points	<0.01%	0.01%

All 732 IUSV holdings⁠All 1,405 IWN 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.

IUSV vs IWN Cost

Overpaying IWN vs IUSV

$4,110

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

IUSV 0.04%
$849
IWN 0.24%
$4,959

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
IWN 0.24%
Overpaying

Year by year

Year	IUSV	IWN	Overpaying
10	$73	$437	$364
20	$288	$1,699	$1,411
30	$849	$4,959	$4,110

Expense ratio

0.04%IUSV, cheaper
0.24%IWN

IUSV0.04%IWN0.24%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

IWN 24th cheapest of 40 funds

IUSV vs IWN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IUSV 1.63%, better; IWN 1.52%
Payout (12M): IUSV $1.89; IWN $3.25
Last payment: IUSV $0.49; IWN $0.88
Ex-dividend: IUSV Sep 15, 2026; IWN Sep 15, 2026
Paid on: IUSV Sep 18, 2026; IWN Sep 18, 2026
Frequency: IUSV Quarterly; IWN Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

IWNQuarterly · 39 paymentsAll IWN payments⁠

IUSV vs IWN Risk

Fall from peak · 5 years

IUSV
IWN

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%, betterIWN 18.4%
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15, betterIWN 0.90
Worst fallMax drawdown, 5 years: IUSV −17.9%, betterIWN −26.7%
Market sensitivityBeta, 5 years: IUSV 0.85IWN 1.05; Market = 1

IUSV and IWN 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, 2026IUSVIWN

Popular comparisons

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IUSV vs IWN

In short

Stated mandate

Why people hold it

Worth knowing

How IUSV and IWN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in IWN

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 IUSV and IWN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in IWN

Weight gaps