IUSV vs PY: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

Principal Value ETF

PYBNasdaq

Overlap

45.2%by weight

Expense ratio

IUSV −0.11pt a year

IUSV0.04%PY0.15%

Avg volume · 30D

IUSV 37.8×the volume

IUSV575KPY15.2K

10Y return · a year

IUSV +0.8pt

IUSV+12.3%PY+11.5%

IUSV vs PY Performance

Oct 29, 2021 – Oct 30, 2026

+72.6%IUSV+52.7%PY

Expense ratio: IUSV 0.04%, better; PY 0.15%
Fund size: IUSV $28.5B; PY $246M
1Y total return: IUSV +16.6%, better; PY +15.5%
Yield (12M): IUSV 1.63%; PY 1.67%, better
Holdings: IUSV 734; PY 102
Avg volume (30D): IUSV 575K sh, better; PY 15.2K sh
NAV per share: IUSV $115.73; PY $58.98
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, PY, with each pillar’s weight
Pillar	IUSV	PY
Cost30% weight	A96Higher	B67
Mission25% weight	A88Higher	B68
Risk15% weight	B64Higher	B58
Tradability15% weight	A82Higher	C50
Holdings10% weight	C48Higher	C42
Durability5% weight	A79Higher	C41

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and PY 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 PY 17th 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 17BFVALFidelity Value Factor ETFScore 59
Rank 17BPYPrincipal Value ETFScore 59
Rank 17BREVSColumbia Research Enhanced Value ETFScore 59

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

PYBPrincipal 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.

PY 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.

PY 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.

PY 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

PY No data

Full IUSV profile⁠

Full PY profile⁠

IUSV vs PY Holdings

How IUSV and PY differ

Overlap by weight

45.2%

Shared holdings make up 99.1% of PY and 50.5% of IUSV.

Level by level

Holdings99 in both45.2%
Sector11 Sectors88.0%
Countryby domicile98.5%
Asset classEquity100%

Sector

Sector weights in IUSV and PY, widest gap first
Sector	More in IUSVMore in PY	IUSV	PY
Technology	PY +6.2 points	20.2%	26.4%
Utilities	IUSV +2.7 points	4.0%	1.3%
Materials	IUSV +2.5 points	3.5%	1.0%
Real Estate	IUSV +2.5 points	3.3%	0.8%
Communication	PY +2.1 points	2.4%	4.5%
Consumer Discretionary	IUSV +1.9 points	9.9%	8.0%
Financials	PY +1.7 points	15.5%	17.2%
Health Care	PY +1.6 points	12.8%	14.4%
Energy	IUSV +1.4 points	8.2%	6.8%
Industrials	IUSV +0.9 points	11.2%	10.3%
Consumer Staples	PY +0.5 points	8.8%	9.3%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and PY, widest gap first
Country	More in IUSVMore in PY	IUSV	PY
United States	IUSV +1.3 points	99.2%	97.9%
China	PY +0.8 points	0.1%	0.9%
Switzerland	PY +0.7 points	0.5%	1.2%
Other countries (4)	IUSV +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

IUSV23.0%
PY26.2%

Securities held

IUSV731
PY101

Asset class

IUSV: Equity
PY: Equity

Holdings

Only in IUSV632
In both99
Only in PY2

Only in IUSV

632 securities, 49.3% of IUSV by weight

Linde PLC0.74%
Citigroup0.64%
Conocophillips0.57%
Abbott Laboratories0.57%
Union Pacific0.56%
Pfizer0.54%
Deere0.53%
BlackRock0.51%
Ge Aerospace0.47%
AT&T0.46%
Danaher0.45%
Eaton PLC0.45%
Philip Morris International0.44%
Palo Alto Networks0.41%
Altria Group Inc0.40%
Prologis Reit0.38%
Medtronic PLC0.37%
Starbucks Corp0.37%
Lowes Companies Inc0.36%
International Business Machines Co0.36%
Mckesson Corp0.36%
Valero Energy Corp0.36%
Phillips 660.35%
Oracle0.34%
Southern0.33%
Mcdonalds Corp0.32%
Equinix Reit0.31%
Duke Energy Corp0.31%
Gilead Sciences0.30%
Csx0.30%
Marsh0.30%
Intercontinental Exchange Inc0.29%
Emerson Electric0.29%
Goldman Sachs Group0.28%
Regeneron Pharmaceuticals0.28%
Williams0.28%
Pnc Financial Services Group0.28%
Elevance Health Inc0.28%
3M0.28%
Freeport Mcmoran Inc0.28%
Synopsys0.28%
Blackstone0.28%
American Tower Reit0.27%
Waste Management Inc0.27%
Morgan Stanley0.27%
Mondelez International Class A0.26%
Moderna0.26%
United Parcel Service Inc Class B0.25%
Motorola Solutions Inc0.25%
S&P Global0.25%

Only in PY

2 securities, 0.9% of PY by weight

Molson Coors Beverage Co B Common Stock USD.010.69%
State Street Institutional Us State St Inst Us Gov Mm Prem0.16%

Weight gaps

All 99 Holdings in both funds, largest gap first.

Holding weights in IUSV and PY, widest gap first
Holding	More in IUSVMore in PY	IUSV	PY
AppleAAPL	PY +1.36 points	7.81%	9.17%
Marathon PetroleumMPC	PY +0.90 points	0.39%	1.29%
Lockheed MartinLMT	PY +0.88 points	0.40%	1.28%
ApaAPA	PY +0.87 points	0.06%	0.93%
Procter & GamblePG	PY +0.86 points	1.17%	2.03%
UnitedHealth GroupUNH	PY +0.87 points	1.13%	2.00%
WalmartWMT	IUSV +0.85 points	1.71%	0.86%
Mastercard Class AMA	PY +0.84 points	0.53%	1.37%
Visa Class AV	PY +0.84 points	0.98%	1.82%
Travelers CompaniesTRV	PY +0.83 points	0.26%	1.09%
ChubbCB	PY +0.82 points	0.40%	1.22%
Host Hotels & Resorts ReitHST	PY +0.82 points	0.05%	0.87%
Te Connectivity PLCTEL	PY +0.81 points	0.06%	0.87%
MascoMAS	PY +0.81 points	0.05%	0.86%
Johnson & JohnsonJNJ	PY +0.80 points	0.84%	1.64%
CignaCI	PY +0.81 points	0.24%	1.05%
Eog ResourcesEOG	PY +0.79 points	0.27%	1.06%
Ametek IncAME	PY +0.79 points	0.17%	0.96%
Coca-ColaKO	PY +0.78 points	0.66%	1.44%
Honeywell International IncHON	PY +0.77 points	0.21%	0.98%
Automatic Data Processing IncADP	PY +0.77 points	0.36%	1.13%
ProgressivePGR	PY +0.77 points	0.18%	0.95%
Stanley Black & DeckerSWK	PY +0.76 points	0.05%	0.81%
Assurant IncAIZ	PY +0.76 points	0.04%	0.80%
IdexIEX	PY +0.76 points	0.05%	0.81%
PentairPNR	PY +0.75 points	0.03%	0.78%
Allstate CorpALL	PY +0.75 points	0.20%	0.95%
Colgate-PalmoliveCL	PY +0.74 points	0.24%	0.98%
Tesla IncTSLA	IUSV +0.75 points	1.33%	0.58%
Us BancorpUSB	PY +0.74 points	0.29%	1.03%
Jm SmuckerSJM	PY +0.75 points	0.04%	0.79%
Capital One Financial CorpCOF	PY +0.75 points	0.39%	1.14%
Illinois Tool IncITW	PY +0.75 points	0.22%	0.97%
Exxonmobil Holdings CorpXOM	IUSV +0.74 points	2.39%	1.65%
A O SmithAOS	PY +0.74 points	0.02%	0.76%
Costco Wholesale CorpCOST	IUSV +0.73 points	1.39%	0.66%
NordsonNDSN	PY +0.73 points	0.05%	0.78%
Becton DickinsonBDX	PY +0.73 points	0.17%	0.90%
Avery Dennison CorpAVY	PY +0.73 points	0.04%	0.77%
Broadridge Financial Solutions IncBR	PY +0.73 points	0.06%	0.79%
Prudential Financial IncPRU	PY +0.72 points	0.12%	0.84%
General Dynamics CorpGD	PY +0.71 points	0.14%	0.85%
Sherwin WilliamsSHW	PY +0.70 points	0.24%	0.94%
Fedex CorpFDX	PY +0.70 points	0.21%	0.91%
Bank of AmericaBAC	PY +0.70 points	1.01%	1.71%
Bristol Myers SquibbBMY	PY +0.69 points	0.40%	1.09%
PayPal HoldingsPYPL	PY +0.69 points	0.15%	0.84%
StrykerSYK	PY +0.69 points	0.18%	0.87%
Kraft HeinzKHC	PY +0.68 points	0.07%	0.75%
Omnicom Group IncOMC	PY +0.68 points	0.07%	0.75%
Verizon Communications IncVZ	PY +0.67 points	0.58%	1.25%
Invesco LtdIVZ	PY +0.67 points	0.04%	0.71%
Ameriprise Finance IncAMP	PY +0.67 points	0.13%	0.80%
Airbnb Class AABNB	PY +0.66 points	0.11%	0.77%
Accenture PLC Class AACN	PY +0.66 points	0.49%	1.15%
JPMorgan Chase & CoJPM	IUSV +0.65 points	0.89%	0.24%
Zoetis Inc Class AZTS	PY +0.64 points	0.10%	0.74%
Ford Motor CoF	PY +0.64 points	0.15%	0.79%
Charles SchwabSCHW	PY +0.63 points	0.44%	1.07%
Comcast Class ACMCSA	PY +0.62 points	0.26%	0.88%
Edison InternationalEIX	PY +0.61 points	0.07%	0.68%
ResmedRMD	PY +0.59 points	0.05%	0.64%
T Mobile Us IncTMUS	PY +0.59 points	0.23%	0.82%
Wells FargoWFC	IUSV +0.58 points	0.78%	0.20%
SalesforceCRM	PY +0.58 points	0.58%	1.16%
Dell Technologies Inc Class CDELL	PY +0.57 points	0.40%	0.97%
Cvs HealthCVS	PY +0.57 points	0.36%	0.93%
Hp IncHPQ	PY +0.54 points	0.08%	0.62%
Godaddy Class AGDDY	PY +0.53 points	0.05%	0.58%
Hewlett Packard EnterpriseHPE	PY +0.52 points	0.23%	0.75%
Merck & Co IncMRK	PY +0.50 points	1.15%	1.65%
CorpayCPAY	PY +0.50 points	0.08%	0.58%
Adobe IncADBE	PY +0.46 points	0.31%	0.77%
FortinetFTNT	PY +0.45 points	0.10%	0.55%
IntuitINTU	PY +0.44 points	0.13%	0.57%
Lululemon AthleticaLULU	PY +0.45 points	0.03%	0.48%
Deckers OutdoorDECK	PY +0.44 points	0.03%	0.47%
AbbVieABBV	IUSV +0.43 points	0.87%	0.44%
QualcommQCOM	PY +0.42 points	0.55%	0.97%
Synchrony FinancialSYF	PY +0.41 points	0.08%	0.49%
Amgen IncAMGN	PY +0.38 points	0.25%	0.63%
Amazon.com IncAMZN	IUSV +0.32 points	3.44%	3.12%
PaychexPAYX	PY +0.32 points	0.11%	0.43%
Marvell TechnologyMRVL	PY +0.32 points	0.28%	0.60%
PepsicoPEP	PY +0.31 points	0.58%	0.89%
Analog DevicesADI	PY +0.30 points	0.63%	0.93%
Iqvia Holdings IncIQV	PY +0.21 points	0.14%	0.35%
Cisco Systems IncCSCO	PY +0.21 points	0.60%	0.81%
Thermo Fisher ScientificTMO	PY +0.21 points	0.80%	1.01%
ChevronCVX	IUSV +0.18 points	1.44%	1.26%
SlbSLB	PY +0.18 points	0.25%	0.43%
Intel CorporationINTC	PY +0.18 points	1.01%	1.19%
Walt DisneyDIS	PY +0.14 points	0.59%	0.73%
Nextera EnergyNEE	PY +0.10 points	0.54%	0.64%
Texas InstrumentTXN	PY +0.07 points	0.85%	0.92%
Home DepotHD	PY +0.03 points	1.02%	1.05%
Western Digital CorpWDC	PY +0.03 points	0.41%	0.44%
Vertex PharmaceuticalsVRTX	IUSV +0.02 points	0.44%	0.42%
Seagate Technology Holdings PLCSTX	PY +0.02 points	0.16%	0.18%

All 732 IUSV holdings⁠All 100 PY 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 PY Cost

Overpaying PY vs IUSV

$2,288

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

IUSV 0.04%
$849
PY 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
PY 0.15%
Overpaying

Year by year

Year	IUSV	PY	Overpaying
10	$73	$274	$201
20	$288	$1,071	$783
30	$849	$3,137	$2,288

Expense ratio

0.04%IUSV, cheaper
0.15%PY

IUSV0.04%PY0.15%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

PY 13th cheapest of 40 funds

IUSV vs PY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IUSV 1.63%; PY 1.67%, better
Payout (12M): IUSV $1.89; PY $0.98
Last payment: IUSV $0.49; PY $0.22
Ex-dividend: IUSV Sep 15, 2026; PY Oct 1, 2026
Paid on: IUSV Sep 18, 2026; PY Oct 5, 2026
Frequency: IUSV Quarterly; PY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

PYQuarterly · 40 paymentsAll PY payments⁠

IUSV vs PY Risk

Fall from peak · 5 years

IUSV
PY

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%, betterPY 12.4%
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15, betterPY 1.07
Worst fallMax drawdown, 5 years: IUSV −17.9%PY −17.8%, better
Market sensitivityBeta, 5 years: IUSV 0.85PY 0.83; Market = 1

IUSV and PY 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, 2026IUSV

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IUSV vs PY

In short

Stated mandate

Why people hold it

Worth knowing

How IUSV and PY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in PY

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 PY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in PY

Weight gaps