IUSV vs MVAL: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

VanEck Morningstar Wide Moat Value ETF

MVALDCboe

Overlap

6.6%by weight

Expense ratio

IUSV −0.46pt a year

IUSV0.04%MVAL0.50%

Avg volume · 30D

IUSV 1188.5×the volume

IUSV575KMVAL484

IUSV vs MVAL Performance

Oct 31, 2025 – Oct 30, 2026

+16.6%IUSV+13.7%MVAL

Expense ratio: IUSV 0.04%, better; MVAL 0.50%
Fund size: IUSV $28.5B; MVAL $3M
1Y total return: IUSV +16.6%, better; MVAL +13.7%
Yield (12M): IUSV 1.63%, better; MVAL 1.60%
Holdings: IUSV 734; MVAL 40
Avg volume (30D): IUSV 575K sh, better; MVAL 484 sh
NAV per share: IUSV $115.73; MVAL $39.53
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, MVAL, with each pillar’s weight
Pillar	IUSV	MVAL
Cost30% weight	A96Higher	F18
Mission25% weight	A88Higher	A74
Risk15% weight	B64Higher	F24
Tradability15% weight	A82Higher	D33
Holdings10% weight	C48Higher	F22
Durability5% weight	A79Higher	F12

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and MVAL 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 MVAL 37th 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 36CVMAXHartford US Value ETFScore 40
Rank 37DMVALVanEck Morningstar Wide Moat Value ETFScore 35
Rank 38DDEEPAcquirers Small and Micro Deep Value ETFScore 31

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

MVALDVanEck Morningstar Wide Moat 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.

MVAL 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.

MVAL 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.

MVAL 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

MVAL No data

Full IUSV profile⁠

Full MVAL profile⁠

IUSV vs MVAL Holdings

How IUSV and MVAL differ

Overlap by weight

6.6%

Shared holdings make up 85.9% of MVAL and 6.6% of IUSV.

Level by level

Holdings32 in both6.6%
Sector11 Sectors64.1%
Countryby domicile98.8%
Asset classEquity100%

Sector

Sector weights in IUSV and MVAL, widest gap first
Sector	More in IUSVMore in MVAL	IUSV	MVAL
Consumer Staples	MVAL +22.0 points	8.8%	30.8%
Financials	IUSV +9.9 points	15.5%	5.6%
Energy	IUSV +8.2 points	8.2%	0.0%
Technology	IUSV +6.9 points	20.2%	13.3%
Health Care	MVAL +5.7 points	12.8%	18.5%
Consumer Discretionary	MVAL +4.5 points	9.9%	14.4%
Utilities	IUSV +4.0 points	4.0%	0.0%
Materials	IUSV +3.5 points	3.5%	0.0%
Real Estate	IUSV +3.3 points	3.3%	0.0%
Industrials	MVAL +2.5 points	11.2%	13.7%
Communication	MVAL +1.3 points	2.4%	3.7%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and MVAL, widest gap first
Country	More in IUSVMore in MVAL	IUSV	MVAL
Brazil	MVAL +1.2 points	0.0%	1.2%
Switzerland	IUSV +0.5 points	0.5%	0.0%
Other countries (6)	IUSV +0.7 points	99.5%	98.8%

Concentration

Weight in the 10 largest Holdings

IUSV23.0%
MVAL43.8%

Securities held

IUSV731
MVAL39

Asset class

IUSV: Equity
MVAL: Equity

Holdings

Only in IUSV699
In both32
Only in MVAL7

Only in IUSV

699 securities, 93.2% 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%
Johnson & Johnson0.84%
Thermo Fisher Scientific0.80%
Wells Fargo0.78%
Linde PLC0.74%
Coca-Cola0.66%
Citigroup0.64%
Cisco Systems Inc0.60%
Walt Disney0.59%
Salesforce0.58%
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%
Eaton PLC0.45%
Philip Morris International0.44%
Vertex Pharmaceuticals0.44%
Western Digital Corp0.41%
Palo Alto Networks0.41%
Altria Group Inc0.40%
Dell Technologies Inc Class C0.40%
Chubb0.40%
Capital One Financial Corp0.39%
Marathon Petroleum0.39%
Prologis Reit0.38%
Medtronic PLC0.37%

Only in MVAL

7 securities, 13.8% of MVAL by weight

Microsoft Corp3.64%
Meta Platforms Inc2.72%
Campbell's Company/The2.11%
Booking Holdings Inc1.83%
Marketaxess Holdings Inc1.53%
Mercadolibre Inc1.18%
Alphabet Inc0.78%

Weight gaps

All 32 Holdings in both funds, largest gap first.

Holding weights in IUSV and MVAL, widest gap first
Holding	More in IUSVMore in MVAL	IUSV	MVAL
Ge Healthcare TechnologiesGEHC	MVAL +4.60 points	0.11%	4.71%
DanaherDHR	MVAL +4.55 points	0.45%	5.00%
Broadridge Financial Solutions IncBR	MVAL +4.52 points	0.06%	4.58%
Brown Forman Class BBF.B	MVAL +4.32 points	0.02%	4.34%
KenvueKVUE	MVAL +4.32 points	0.12%	4.44%
Zimmer Biomet HoldingsZBH	MVAL +4.28 points	0.06%	4.34%
Tractor SupplyTSCO	MVAL +4.21 points	0.06%	4.27%
Mondelez International Class AMDLZ	MVAL +3.93 points	0.26%	4.19%
Constellation Brands Class ASTZ	MVAL +3.92 points	0.06%	3.98%
CloroxCLX	MVAL +3.85 points	0.03%	3.88%
Mccormick & Co Non-VotingMKC	MVAL +3.83 points	0.04%	3.87%
Nike Class BNKE	MVAL +3.76 points	0.14%	3.90%
Otis WorldwideOTIS	MVAL +2.78 points	0.09%	2.87%
MascoMAS	MVAL +2.71 points	0.05%	2.76%
Zoetis Inc Class AZTS	MVAL +2.34 points	0.10%	2.44%
Lockheed MartinLMT	MVAL +2.21 points	0.40%	2.61%
Charles SchwabSCHW	MVAL +2.04 points	0.44%	2.48%
Lowes Companies IncLOW	MVAL +1.82 points	0.36%	2.18%
Bristol Myers SquibbBMY	MVAL +1.78 points	0.40%	2.18%
Huntington Ingalls IndustriesHII	MVAL +1.76 points	0.04%	1.80%
Allegion PLCALLE	MVAL +1.44 points	0.02%	1.46%
Copart IncCPRT	MVAL +1.43 points	0.08%	1.51%
PepsicoPEP	MVAL +1.30 points	0.58%	1.88%
S&P GlobalSPGI	MVAL +1.26 points	0.25%	1.51%
Hershey FoodsHSY	MVAL +1.13 points	0.07%	1.21%
Northrop Grumman CorpNOC	MVAL +0.99 points	0.23%	1.22%
Dominos PizzaDPZ	MVAL +0.92 points	0.03%	0.95%
Jack Henry and Associates IncJKHY	MVAL +0.88 points	0.04%	0.92%
SynopsysSNPS	MVAL +0.76 points	0.28%	1.04%
Nxp Semiconductors NVNXPI	MVAL +0.58 points	0.20%	0.78%
Texas InstrumentTXN	MVAL +0.57 points	0.85%	1.42%
Analog DevicesADI	MVAL +0.56 points	0.63%	1.19%

All 732 IUSV holdings⁠All MVAL 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 MVAL Cost

Overpaying MVAL vs IUSV

$9,130

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

IUSV 0.04%
$849
MVAL 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
MVAL 0.50%
Overpaying

Year by year

Year	IUSV	MVAL	Overpaying
10	$73	$900	$827
20	$288	$3,460	$3,172
30	$849	$9,979	$9,130

Expense ratio

0.04%IUSV, cheaper
0.50%MVAL

IUSV0.04%MVAL0.50%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

MVAL 33rd cheapest of 40 funds

IUSV vs MVAL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IUSV 1.63%, better; MVAL 1.60%
Payout (12M): IUSV $1.89; MVAL $0.63
Last payment: IUSV $0.49; MVAL $0.63
Ex-dividend: IUSV Sep 15, 2026; MVAL Dec 22, 2025
Paid on: IUSV Sep 18, 2026; MVAL Dec 26, 2025
Frequency: IUSV Quarterly; MVAL Annual

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

MVALAnnual · 2 paymentsAll MVAL payments⁠

IUSV vs MVAL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%MVAL 13.6%since Apr 2024
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15MVAL 0.54since Apr 2024
Worst fallMax drawdown, 5 years: IUSV −17.9%MVAL −19.6%since Mar 2024
Market sensitivityBeta, 5 years: IUSV 0.85MVAL 0.62; Market = 1

IUSV and MVAL 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, 2026IUSVMVAL
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, 2026MVAL

Popular comparisons

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IUSV vs MVAL

In short

Stated mandate

Why people hold it

Worth knowing

How IUSV and MVAL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in MVAL

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%

U.S. value funds beat the S&P 500 over the past year, but the funds did not move together

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

U.S. value funds beat the S&P 500 over the past year, but the funds did not move together

How IUSV and MVAL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in MVAL

Weight gaps