IUSV vs IWX: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

iShares Russell Top 200 Value ETF

IWXBNYSE Arca

Overlap

61.7%by weight

Expense ratio

IUSV −0.16pt a year

IUSV0.04%IWX0.20%

Avg volume · 30D

IUSV 1.2×the volume

IUSV575KIWX472K

10Y return · a year

IWX +0.1pt

IUSV+12.3%IWX+12.4%

IUSV vs IWX Performance

Oct 29, 2021 – Oct 30, 2026

+72.6%IUSV+81.7%IWX

Expense ratio: IUSV 0.04%, better; IWX 0.20%
Fund size: IUSV $28.5B; IWX $3.88B
1Y total return: IUSV +16.6%; IWX +29.8%, better
Yield (12M): IUSV 1.63%, better; IWX 1.35%
Holdings: IUSV 734; IWX 155
Avg volume (30D): IUSV 575K sh, better; IWX 472K sh
NAV per share: IUSV $115.73; IWX $113.65
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, IWX, with each pillar’s weight
Pillar	IUSV	IWX
Cost30% weight	A96Higher	C51
Mission25% weight	A88Higher	A87
Risk15% weight	B64	A88Higher
Tradability15% weight	A82Higher	A78
Holdings10% weight	C48Higher	D31
Durability5% weight	A79Higher	B69

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and IWX 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 IWX 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 9BIWSiShares Russell Mid-Cap Value ETFScore 68
Rank 9BIWXiShares Russell Top 200 Value ETFScore 68
Rank 9BVBRVanguard Morningstar Small-Cap Value ETFScore 68

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

IWXBiShares Russell Top 200 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.

IWX Value investing with a height requirement. IWX runs its cheap-stock screen only across the Russell Top 200, the biggest end of the US market, and holds roughly 150 of them. Large-cap value with no mid-cap drift, on iShares plumbing since 2009.

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.

IWX The fund seeks to follow an index of large-cap U.S. stocks that may be undervalued compared with similar companies.

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.

IWX The mandate stays big. The value screen runs on the Russell Top 200 Value Index, so it is a mega-cap value sleeve, not a large-and-mid grab bag.ishares.com
It hugs the index it advertises closely, and lands in the upper half of its US value peer group on our review.
Seasoned and sizable: trading since 2009, a multi-billion-dollar fund, paying distributions quarterly.

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

IWX The 0.20% fee sits above the value-cohort median of 0.18%, and far above core rivals like VTV at 0.03% and IUSV at 0.04%.
About 150 mega-caps is a short bench. Value funds holding several hundred names spread sector and single-stock moves more thinly.
Volume is moderate rather than heavy, so spreads can run wider than the busiest value ETFs, which matters most on large or hurried orders.

Full IUSV profile⁠

Full IWX profile⁠

IUSV vs IWX Holdings

How IUSV and IWX differ

Overlap by weight

61.7%

Shared holdings make up 84.7% of IWX and 64.5% of IUSV.

Level by level

Holdings134 in both61.7%
Sector11 Sectors90.0%
Asset classEquity100%
Countryby domicile99.7%

Sector

Sector weights in IUSV and IWX, widest gap first
Sector	More in IUSVMore in IWX	IUSV	IWX
Technology	IWX +3.4 points	20.2%	23.6%
Financials	IWX +3.4 points	15.5%	18.9%
Industrials	IUSV +2.9 points	11.2%	8.3%
Energy	IUSV +2.0 points	8.2%	6.2%
Utilities	IUSV +1.7 points	4.0%	2.3%
Real Estate	IUSV +1.6 points	3.3%	1.7%
Consumer Discretionary	IWX +1.1 points	9.9%	11.0%
Health Care	IWX +1.2 points	12.8%	14.0%
Materials	IUSV +0.9 points	3.5%	2.6%
Communication	IWX +0.9 points	2.4%	3.3%
Consumer Staples	IUSV +0.7 points	8.8%	8.1%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and IWX, widest gap first
Country	More in IUSVMore in IWX	IUSV	IWX
United States	IWX +0.3 points	99.2%	99.5%
Switzerland	Same weight	0.5%	0.5%
United Kingdom	IUSV +0.1 points	0.1%	0.0%
Ireland	IUSV +0.1 points	0.1%	0.0%
China	IUSV +0.1 points	0.1%	0.0%
India	Same weight	0.0%	0.0%
Sweden	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

IUSV23.0%
IWX40.3%

Securities held

IUSV731
IWX152

Asset class

IUSV: Equity
IWX: Equity

Holdings

Only in IUSV597
In both134
Only in IWX18

Only in IUSV

597 securities, 35.4% of IUSV by weight

Tesla Inc1.33%
Visa Class A0.98%
Texas Instrument0.85%
Mastercard Class A0.53%
Ge Aerospace0.47%
Western Digital Corp0.41%
Palo Alto Networks0.41%
Lockheed Martin0.40%
Marathon Petroleum0.39%
Phillips 660.35%
Oracle0.34%
Marvell Technology0.28%
Moderna0.26%
Cintas0.24%
Hewlett Packard Enterprise0.23%
Targa Resources0.21%
Kinder Morgan0.21%
Allstate Corp0.20%
Nxp Semiconductors NV0.20%
Digital Realty Trust Reit0.20%
Cencora0.20%
Nucor0.19%
Oneok0.19%
Fastenal0.18%
Ww Grainger Inc0.18%
Cardinal Health0.18%
Devon Energy0.18%
Ametek Inc0.17%
Baker Hughes Class A0.17%
Becton Dickinson0.17%
Realty Income Reit0.17%
Seagate Technology Holdings PLC0.16%
Keysight Technologies0.16%
L3HARRIS Technologies0.16%
Entergy Corp0.16%
Xcel Energy Inc0.16%
Humana0.15%
Agilent Technologies Inc0.15%
Fifth Third Bancorp0.15%
Keurig Dr Pepper Inc0.15%
PayPal Holdings0.15%
Vylor0.15%
Ford Motor Co0.15%
Delta Air Lines0.15%
Exelon Corp0.15%
Westinghouse Air Brake Technologie0.15%
State Street0.15%
Nasdaq Inc0.15%
Occidental Petroleum Corp0.14%
Roper Technologies0.14%

Only in IWX

18 securities, 15.2% of IWX by weight

Microsoft7.10%
Berkshire Hathaway Inc Class B3.64%
Rtx0.97%
Meta Platforms Class A0.90%
Welltower0.61%
Newmont0.42%
Uber Technologies0.42%
Oreilly Automotive Inc0.26%
Hca Healthcare0.25%
Strategy Inc Class A0.18%
Monster Beverage0.13%
Transdigm Group0.12%
Marriott International Class A0.08%
Interactive Brokers Group Inc Clas0.08%
Southern Copper Corp0.05%
Space Exploration Technologies Cor0.03%
Mobility Global Inc0.02%
Brookfield Asset Management Voting<0.01%

Weight gaps

The 100 widest of 134 Holdings in both funds.

Holding weights in IUSV and IWX, widest gap first
Holding	More in IUSVMore in IWX	IUSV	IWX
Amazon.com IncAMZN	IWX +4.37 points	3.44%	7.81%
JPMorgan Chase & CoJPM	IWX +2.42 points	0.89%	3.31%
Johnson & JohnsonJNJ	IWX +1.55 points	0.84%	2.39%
Cisco Systems IncCSCO	IWX +0.95 points	0.60%	1.55%
AbbVieABBV	IWX +0.84 points	0.87%	1.71%
Philip Morris InternationalPM	IWX +0.73 points	0.44%	1.17%
Home DepotHD	IUSV +0.71 points	1.02%	0.31%
Goldman Sachs GroupGS	IWX +0.68 points	0.28%	0.96%
AppleAAPL	IWX +0.52 points	7.81%	8.33%
International Business Machines CoIBM	IWX +0.52 points	0.36%	0.88%
Morgan StanleyMS	IWX +0.50 points	0.27%	0.77%
Intel CorporationINTC	IWX +0.51 points	1.01%	1.52%
Costco Wholesale CorpCOST	IUSV +0.50 points	1.39%	0.89%
Coca-ColaKO	IWX +0.49 points	0.66%	1.15%
Gilead SciencesGILD	IWX +0.44 points	0.30%	0.74%
Mcdonalds CorpMCD	IWX +0.34 points	0.32%	0.66%
Mckesson CorpMCK	IUSV +0.34 points	0.36%	0.02%
Exxonmobil Holdings CorpXOM	IWX +0.33 points	2.39%	2.72%
ProgressivePGR	IWX +0.30 points	0.18%	0.48%
American ExpressAXP	IWX +0.26 points	0.17%	0.43%
Parker-HannifinPH	IWX +0.26 points	0.15%	0.42%
S&P GlobalSPGI	IWX +0.24 points	0.25%	0.49%
Cme Group Class ACME	IWX +0.24 points	0.15%	0.39%
Johnson Controls International PLCJCI	IWX +0.22 points	0.10%	0.32%
Bank of New York Mellon CorpBNY	IWX +0.22 points	0.12%	0.34%
BlackstoneBX	IUSV +0.21 points	0.28%	0.07%
StrykerSYK	IWX +0.21 points	0.18%	0.39%
General Dynamics CorpGD	IWX +0.20 points	0.14%	0.34%
UnitedHealth GroupUNH	IWX +0.21 points	1.13%	1.34%
Adobe IncADBE	IUSV +0.20 points	0.31%	0.11%
Constellation Energy CorpCEG	IWX +0.20 points	0.09%	0.29%
Procter & GamblePG	IWX +0.18 points	1.17%	1.35%
Starbucks CorpSBUX	IUSV +0.17 points	0.37%	0.20%
Boston ScientificBSX	IWX +0.17 points	0.06%	0.23%
American Tower ReitAMT	IUSV +0.16 points	0.27%	0.11%
Merck & Co IncMRK	IWX +0.15 points	1.15%	1.30%
QualcommQCOM	IWX +0.15 points	0.55%	0.70%
Thermo Fisher ScientificTMO	IWX +0.15 points	0.80%	0.95%
Wells FargoWFC	IWX +0.15 points	0.78%	0.93%
BlackRockBLK	IWX +0.13 points	0.51%	0.64%
AutozoneAZO	IWX +0.10 points	0.06%	0.16%
Bank of AmericaBAC	IWX +0.10 points	1.01%	1.11%
ChevronCVX	IWX +0.11 points	1.44%	1.55%
Automatic Data Processing IncADP	IUSV +0.10 points	0.36%	0.26%
Walt DisneyDIS	IWX +0.11 points	0.59%	0.69%
Linde PLCLIN	IWX +0.10 points	0.74%	0.84%
Apollo Global ManagementAPO	IWX +0.10 points	0.08%	0.18%
Kkr and Co IncKKR	IWX +0.10 points	0.09%	0.18%
IntuitINTU	IWX +0.09 points	0.13%	0.22%
TjxTJX	IWX +0.09 points	0.22%	0.31%
DanaherDHR	IWX +0.09 points	0.45%	0.54%
ConocophillipsCOP	IWX +0.09 points	0.57%	0.66%
Colgate-PalmoliveCL	IUSV +0.09 points	0.24%	0.15%
Ross Stores IncROST	IUSV +0.09 points	0.12%	0.03%
Abbott LaboratoriesABT	IWX +0.08 points	0.57%	0.65%
Verizon Communications IncVZ	IWX +0.08 points	0.58%	0.66%
SalesforceCRM	IWX +0.08 points	0.58%	0.66%
Analog DevicesADI	IWX +0.08 points	0.63%	0.71%
Nextera EnergyNEE	IWX +0.08 points	0.54%	0.62%
PfizerPFE	IWX +0.07 points	0.54%	0.61%
Cummins IncCMI	IWX +0.07 points	0.07%	0.14%
Motorola Solutions IncMSI	IUSV +0.07 points	0.25%	0.18%
BoeingBA	IUSV +0.07 points	0.24%	0.17%
Capital One Financial CorpCOF	IWX +0.06 points	0.39%	0.45%
Medtronic PLCMDT	IWX +0.06 points	0.37%	0.43%
Freeport Mcmoran IncFCX	IWX +0.06 points	0.28%	0.34%
ChubbCB	IWX +0.06 points	0.40%	0.46%
DeereDE	IWX +0.06 points	0.53%	0.59%
Emerson ElectricEMR	IWX +0.06 points	0.29%	0.35%
Cvs HealthCVS	IWX +0.06 points	0.36%	0.42%
Prologis ReitPLD	IWX +0.06 points	0.38%	0.44%
Altria Group IncMO	IWX +0.06 points	0.40%	0.46%
Equinix ReitEQIX	IWX +0.06 points	0.31%	0.37%
Dell Technologies Inc Class CDELL	IWX +0.05 points	0.40%	0.45%
Accenture PLC Class AACN	IWX +0.06 points	0.49%	0.55%
Bristol Myers SquibbBMY	IWX +0.05 points	0.40%	0.45%
Lowes Companies IncLOW	IWX +0.06 points	0.36%	0.42%
Vertex PharmaceuticalsVRTX	IWX +0.05 points	0.44%	0.49%
Us BancorpUSB	IWX +0.05 points	0.29%	0.34%
Pnc Financial Services GroupPNC	IWX +0.05 points	0.28%	0.33%
SouthernSO	IWX +0.06 points	0.33%	0.39%
SynopsysSNPS	IWX +0.05 points	0.28%	0.33%
CsxCSX	IWX +0.05 points	0.30%	0.35%
AT&TT	IWX +0.04 points	0.46%	0.50%
WilliamsWMB	IWX +0.05 points	0.28%	0.33%
Elevance Health IncELV	IWX +0.05 points	0.28%	0.33%
MarshMRSH	IWX +0.04 points	0.30%	0.34%
Duke Energy CorpDUK	IWX +0.04 points	0.31%	0.35%
WalmartWMT	IWX +0.04 points	1.71%	1.75%
Eog ResourcesEOG	IWX +0.04 points	0.27%	0.31%
Waste Management IncWM	IUSV +0.04 points	0.27%	0.23%
Charles SchwabSCHW	IWX +0.05 points	0.44%	0.49%
SlbSLB	IWX +0.04 points	0.25%	0.29%
Travelers CompaniesTRV	IWX +0.04 points	0.26%	0.30%
Union PacificUNP	IWX +0.04 points	0.56%	0.60%
Honeywell International IncHON	IWX +0.04 points	0.21%	0.25%
Northrop Grumman CorpNOC	IWX +0.04 points	0.23%	0.27%
Norfolk Southern CorpNSC	IWX +0.04 points	0.24%	0.28%
United Parcel Service Inc Class BUPS	IWX +0.04 points	0.25%	0.29%
Sherwin WilliamsSHW	IUSV +0.04 points	0.24%	0.20%

All 732 IUSV holdings⁠All 152 IWX 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 IWX Cost

Overpaying IWX vs IUSV

$3,306

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

IUSV 0.04%
$849
IWX 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
IWX 0.20%
Overpaying

Year by year

Year	IUSV	IWX	Overpaying
10	$73	$365	$292
20	$288	$1,421	$1,133
30	$849	$4,155	$3,306

Expense ratio

0.04%IUSV, cheaper
0.20%IWX

IUSV0.04%IWX0.20%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

IWX 19th cheapest of 40 funds

IUSV vs IWX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IUSV 1.63%, better; IWX 1.35%
Payout (12M): IUSV $1.89; IWX $1.54
Last payment: IUSV $0.49; IWX $0.40
Ex-dividend: IUSV Sep 15, 2026; IWX Sep 15, 2026
Paid on: IUSV Sep 18, 2026; IWX Sep 18, 2026
Frequency: IUSV Quarterly; IWX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

IWXQuarterly · 39 paymentsAll IWX payments⁠

IUSV vs IWX Risk

Fall from peak · 5 years

IUSV
IWX

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%IWX 11.4%, better
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15IWX 1.54, better
Worst fallMax drawdown, 5 years: IUSV −17.9%, betterIWX −18.1%
Market sensitivityBeta, 5 years: IUSV 0.85IWX 0.79; Market = 1

IUSV and IWX 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, 2026IUSVIWX

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IUSV vs IWX

In short

Stated mandate

Why people hold it

Worth knowing

How IUSV and IWX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in IWX

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 IWX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in IWX

Weight gaps