IUSV vs IWS: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

iShares Russell Mid-Cap Value ETF

IWSBNYSE Arca

Overlap

25.5%by weight

Expense ratio

IUSV −0.19pt a year

IUSV0.04%IWS0.23%

Avg volume · 30D

IUSV 1.2×the volume

IUSV575KIWS490K

10Y return · a year

IUSV +1.5pt

IUSV+12.4%IWS+10.9%

IUSV vs IWS Performance

Nov 2, 2021 – Nov 2, 2026

+71.3%IUSV+54.1%IWS

Expense ratio: IUSV 0.04%, better; IWS 0.23%
Fund size: IUSV $28.5B; IWS $14.9B
1Y total return: IUSV +16.8%; IWS +25.6%, better
Yield (12M): IUSV 1.63%, better; IWS 1.29%
Holdings: IUSV 734; IWS 722
Avg volume (30D): IUSV 575K sh, better; IWS 490K sh
NAV per share: IUSV $115.73; IWS $170.03
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, IWS, with each pillar’s weight
Pillar	IUSV	IWS
Cost30% weight	A96Higher	C42
Mission25% weight	A88	A100Higher
Risk15% weight	B64Higher	C47
Tradability15% weight	A81Higher	A79
Holdings10% weight	C49	A79Higher
Durability5% weight	A79Higher	A74

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and IWS 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 IWS 9th 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 8BVTWVVanguard Russell 2000 Value ETFScore 69
Rank 9BIWSiShares Russell Mid-Cap Value ETFScore 68
Rank 9BIWXiShares Russell Top 200 Value ETFScore 68

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

IWSBiShares Russell Mid-Cap 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.

IWS 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.

IWS 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.

IWS 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

IWS No data

Full IUSV profile⁠

Full IWS profile⁠

IUSV vs IWS Holdings

How IUSV and IWS differ

Overlap by weight

25.5%

Shared holdings make up 83.0% of IWS and 25.8% of IUSV.

Level by level

Holdings480 in both25.5%
Sector11 Sectors84.1%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in IUSV and IWS, widest gap first
Sector	More in IUSVMore in IWS	IUSV	IWS
Technology	IUSV +9.4 points	20.2%	10.8%
Industrials	IWS +5.2 points	11.2%	16.4%
Real Estate	IWS +4.5 points	3.3%	7.8%
Utilities	IWS +2.8 points	4.0%	6.8%
Consumer Staples	IUSV +2.5 points	8.8%	6.3%
Materials	IWS +2.3 points	3.5%	5.8%
Consumer Discretionary	IUSV +2.1 points	9.9%	7.8%
Financials	IWS +1.4 points	15.5%	16.9%
Health Care	IUSV +0.8 points	12.8%	12.0%
Communication	IUSV +0.7 points	2.4%	1.7%
Energy	IUSV +0.3 points	8.2%	7.9%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and IWS, widest gap first
Country	More in IUSVMore in IWS	IUSV	IWS
United States	IUSV +1.1 points	99.2%	98.1%
Other countries (13)	IWS +1.1 points	0.8%	1.9%

Concentration

Weight in the 10 largest Holdings

IUSV23.0%
IWS6.8%

Securities held

IUSV731
IWS719

Asset class

IUSV: Equity
IWS: Equity

Holdings

Only in IUSV251
In both480
Only in IWS239

Only in IUSV

251 securities, 74.2% 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 IWS

239 securities, 17.0% of IWS by weight

Cheniere Energy0.62%
Carnival Corp Ltd0.35%
Okta Class A0.33%
Sunbelt Rentals Holdings Inc0.33%
Royal Caribbean Group0.32%
Flex Ltd0.31%
Coherent0.30%
Royalty Pharma PLC Class A0.27%
Twilio Class A0.25%
Zoom Communications Class A0.24%
Verisign0.24%
United Therapeutics0.24%
Markel Group0.22%
Tenet Healthcare Corp0.21%
Ulta Beauty Inc0.21%
Incyte Corp0.20%
Liberty Media Series C0.19%
Royal Gold0.19%
First Citizens Bancshares Class A0.18%
Sofi Technologies0.18%
Itt Inc0.17%
Api Group0.16%
First Solar0.16%
Rb Global0.16%
Ss and C Technologies Holdings0.16%
Technipfmc PLC0.16%
Gfl Environmental Subordinate Voti0.15%
Caci International Inc Class A0.14%
Lpl Financial Holdings0.14%
Medline Class A0.14%
Dynatrace Inc0.13%
Unity Software0.13%
Coeur Mining0.13%
Encompass Health0.13%
Circle Internet Group Inc Class A0.13%
Tradeweb Markets Inc Class A0.12%
Jazz Pharmaceuticals PLC0.12%
Exelixis Inc0.12%
Rocket Companies Inc Class A0.12%
Bitmine Immersion Technologies0.12%
Wayfair Class A0.12%
Somnigroup International0.12%
Nvent Electric PLC0.12%
Rbc Bearings0.11%
Flutter Entertainment PLC0.11%
Ionq0.11%
Elanco Animal Health0.11%
Robinhood Markets Class A0.11%
Paycom Software0.10%
Restaurants Brands International0.10%

Weight gaps

The 100 widest of 480 Holdings in both funds.

Holding weights in IUSV and IWS, widest gap first
Holding	More in IUSVMore in IWS	IUSV	IWS
Phillips 66PSX	IWS +0.68 points	0.35%	1.03%
ModernaMRNA	IWS +0.52 points	0.26%	0.78%
Hewlett Packard EnterpriseHPE	IWS +0.47 points	0.23%	0.70%
Digital Realty Trust ReitDLR	IWS +0.45 points	0.20%	0.65%
United RentalsURI	IWS +0.44 points	0.10%	0.54%
Allstate CorpALL	IWS +0.44 points	0.20%	0.64%
Kinder MorganKMI	IWS +0.42 points	0.21%	0.63%
Edwards LifesciencesEW	IWS +0.42 points	0.09%	0.51%
OneokOKE	IWS +0.40 points	0.19%	0.59%
Veeva Systems Class AVEEV	IWS +0.39 points	0.06%	0.45%
NucorNUE	IWS +0.39 points	0.19%	0.58%
Devon EnergyDVN	IWS +0.39 points	0.18%	0.57%
Ametek IncAME	IWS +0.36 points	0.17%	0.53%
Baker Hughes Class ABKR	IWS +0.36 points	0.17%	0.53%
Becton DickinsonBDX	IWS +0.35 points	0.17%	0.52%
Ventas ReitVTR	IWS +0.36 points	0.06%	0.42%
Realty Income ReitO	IWS +0.34 points	0.17%	0.51%
Ferguson EnterprisesFERG	IWS +0.34 points	0.08%	0.42%
L3HARRIS TechnologiesLHX	IWS +0.34 points	0.16%	0.50%
Entergy CorpETR	IWS +0.33 points	0.16%	0.49%
MsciMSCI	IWS +0.33 points	0.07%	0.40%
EbayEBAY	IWS +0.33 points	0.04%	0.37%
Xcel Energy IncXEL	IWS +0.32 points	0.16%	0.48%
HumanaHUM	IWS +0.33 points	0.15%	0.48%
Agilent Technologies IncA	IWS +0.33 points	0.15%	0.48%
VylorVYLR	IWS +0.32 points	0.15%	0.47%
Fifth Third BancorpFITB	IWS +0.32 points	0.15%	0.47%
PayPal HoldingsPYPL	IWS +0.32 points	0.15%	0.47%
Vivmark ResidentialVMRK	IWS +0.31 points	0.14%	0.45%
Ford Motor CoF	IWS +0.31 points	0.15%	0.46%
Westinghouse Air Brake TechnologieWAB	IWS +0.30 points	0.15%	0.45%
Exelon CorpEXC	IWS +0.31 points	0.15%	0.46%
Nasdaq IncNDAQ	IWS +0.30 points	0.15%	0.45%
Occidental Petroleum CorpOXY	IWS +0.31 points	0.14%	0.45%
Roper TechnologiesROP	IWS +0.30 points	0.14%	0.44%
Delta Air LinesDAL	IWS +0.30 points	0.15%	0.45%
Waters CorpWAT	IWS +0.30 points	0.14%	0.44%
Keurig Dr Pepper IncKDP	IWS +0.30 points	0.15%	0.45%
Illumina IncILMN	IWS +0.30 points	0.05%	0.35%
State StreetSTT	IWS +0.29 points	0.15%	0.44%
GarminGRMN	IWS +0.29 points	0.14%	0.43%
American International GroupAIG	IWS +0.29 points	0.13%	0.42%
Cboe Global MarketsCBOE	IWS +0.29 points	0.05%	0.34%
Diamondback EnergyFANG	IWS +0.29 points	0.13%	0.42%
Iqvia Holdings IncIQV	IWS +0.28 points	0.14%	0.42%
Consolidated EdisonED	IWS +0.28 points	0.13%	0.41%
Workday Class AWDAY	IWS +0.28 points	0.07%	0.35%
ResmedRMD	IWS +0.27 points	0.05%	0.32%
Mettler ToledoMTD	IWS +0.26 points	0.06%	0.32%
Prudential Financial IncPRU	IWS +0.27 points	0.12%	0.39%
Block Class AXYZ	IWS +0.25 points	0.13%	0.38%
Ameriprise Finance IncAMP	IWS +0.25 points	0.13%	0.38%
Crown Castle IncCCI	IWS +0.24 points	0.12%	0.36%
Wec Energy GroupWEC	IWS +0.24 points	0.12%	0.36%
BiogenBIIB	IWS +0.24 points	0.12%	0.36%
Public Service Enterprise GroupPEG	IWS +0.24 points	0.12%	0.36%
KrogerKR	IWS +0.24 points	0.12%	0.36%
Archer Daniels MidlandADM	IWS +0.24 points	0.12%	0.36%
Vulcan MaterialsVMC	IWS +0.24 points	0.11%	0.35%
KenvueKVUE	IWS +0.23 points	0.12%	0.35%
PaychexPAYX	IWS +0.24 points	0.11%	0.35%
Hartford Insurance GroupHIG	IWS +0.24 points	0.11%	0.35%
D R HortonDHI	IWS +0.23 points	0.12%	0.35%
Cincinnati FinancialCINF	IWS +0.23 points	0.04%	0.27%
Marathon PetroleumMPC	IWS +0.23 points	0.39%	0.62%
Arch Capital GroupACGL	IWS +0.23 points	0.11%	0.34%
Ge Healthcare TechnologiesGEHC	IWS +0.23 points	0.11%	0.34%
Iron Mountain IncIRM	IWS +0.22 points	0.11%	0.33%
Yum BrandsYUM	IWS +0.22 points	0.07%	0.29%
Ingersoll RandIR	IWS +0.21 points	0.09%	0.30%
Cbre Group Class ACBRE	IWS +0.22 points	0.11%	0.33%
EqtEQT	IWS +0.21 points	0.11%	0.32%
Verisk AnalyticsVRSK	IWS +0.21 points	0.04%	0.25%
Martin Marietta MaterialsMLM	IWS +0.21 points	0.10%	0.31%
M&T BankMTB	IWS +0.21 points	0.10%	0.31%
Huntington Bancshares IncHBAN	IWS +0.21 points	0.10%	0.31%
Extra Space Storage ReitEXR	IWS +0.21 points	0.10%	0.31%
Coinbase Global Class ACOIN	IWS +0.20 points	0.10%	0.30%
United Airlines HoldingsUAL	IWS +0.20 points	0.10%	0.31%
AmerenAEE	IWS +0.19 points	0.10%	0.29%
Willis Towers WatsonWTW	IWS +0.20 points	0.09%	0.29%
Teledyne TechnologiesTDY	IWS +0.19 points	0.10%	0.29%
HalliburtonHAL	IWS +0.20 points	0.09%	0.29%
Centene CorpCNC	IWS +0.20 points	0.10%	0.30%
Labcorp HoldingsLH	IWS +0.20 points	0.09%	0.29%
Steel Dynamics IncSTLD	IWS +0.19 points	0.11%	0.30%
Cognizant Technology Solutions ClaCTSH	IWS +0.19 points	0.09%	0.28%
Otis WorldwideOTIS	IWS +0.19 points	0.09%	0.28%
Dollar General CorpDG	IWS +0.19 points	0.09%	0.28%
PG&E CorpPCG	IWS +0.19 points	0.09%	0.28%
West Pharmaceutical ServicesWST	IWS +0.19 points	0.09%	0.28%
American Water WorksAWK	IWS +0.19 points	0.09%	0.28%
Northern TrustNTRS	IWS +0.18 points	0.10%	0.28%
Dte EnergyDTE	IWS +0.18 points	0.09%	0.27%
Atmos EnergyATO	IWS +0.18 points	0.09%	0.27%
Quest Diagnostics IncDGX	IWS +0.18 points	0.09%	0.27%
Centerpoint EnergyCNP	IWS +0.18 points	0.09%	0.27%
SterisSTE	IWS +0.18 points	0.03%	0.21%
DoverDOV	IWS +0.18 points	0.09%	0.27%
VeraltoVLTO	IWS +0.18 points	0.08%	0.26%

All 732 IUSV holdings⁠All 719 IWS 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 IWS Cost

Overpaying IWS vs IUSV

$3,910

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

IUSV 0.04%
$849
IWS 0.23%
$4,759

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
IWS 0.23%
Overpaying

Year by year

Year	IUSV	IWS	Overpaying
10	$73	$419	$346
20	$288	$1,630	$1,342
30	$849	$4,759	$3,910

Expense ratio

0.04%IUSV, cheaper
0.23%IWS

IUSV0.04%IWS0.23%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

IWS 23rd cheapest of 40 funds

IUSV vs IWS Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IUSV 1.63%, better; IWS 1.29%
Payout (12M): IUSV $1.89; IWS $2.21
Last payment: IUSV $0.49; IWS $0.59
Ex-dividend: IUSV Sep 15, 2026; IWS Sep 15, 2026
Paid on: IUSV Sep 18, 2026; IWS Sep 18, 2026
Frequency: IUSV Quarterly; IWS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

IWSQuarterly · 39 paymentsAll IWS payments⁠

IUSV vs IWS Risk

Fall from peak · 5 years

IUSV
IWS

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%, betterIWS 14.1%
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15IWS 1.15
Worst fallMax drawdown, 5 years: IUSV −17.9%, betterIWS −21.2%
Market sensitivityBeta, 5 years: IUSV 0.85IWS 0.97; Market = 1

IUSV and IWS in the news

All news⁠

New ETFs
Two old strategies got ETF tickers. Jensen's new one lets a rule pick the stocks.
Oct 5, 2026IWS
New ETFs
Hotchkis & Wiley added an ETF class to its 1997 mid-cap value fund
Oct 5, 2026IWS
ETF Filings
John Hancock files JDVM, an active mid-cap value ETF, for a December effective date
Sep 25, 2026IWS
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026IUSV

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IUSV vs IWS

In short

Stated mandate

Why people hold it