IUSV vs RPV: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

Invesco S&P 500 Pure Value ETF

RPVBNYSE Arca

Overlap

17.2%by weight

Expense ratio

IUSV −0.31pt a year

IUSV0.04%RPV0.35%

Avg volume · 30D

IUSV 3.2×the volume

IUSV582KRPV181K

10Y return · a year

IUSV +0.9pt

IUSV+12.0%RPV+11.1%

IUSV vs RPV Performance

Nov 9, 2021 – Nov 9, 2026

+70.1%IUSV+69.6%RPV

Expense ratio: IUSV 0.04%, better; RPV 0.35%
Fund size: IUSV $28.2B; RPV $1.81B
1Y total return: IUSV +17.6%; RPV +25.5%, better
Yield (12M): IUSV 1.62%; RPV 2.07%, better
Holdings: IUSV 734; RPV 121
Avg volume (30D): IUSV 582K sh, better; RPV 181K sh
NAV per share: IUSV $114.31; RPV $120.24
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, RPV, with each pillar’s weight
Pillar	IUSV	RPV
Cost30% weight	A96Higher	D28
Mission25% weight	A89Higher	A79
Risk15% weight	B62	B65Higher
Tradability15% weight	A81Higher	A78
Holdings10% weight	C48	C50Higher
Durability5% weight	A82Higher	A70

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and RPV 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 RPV 21st of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 85
Rank 2AVTVVanguard Morningstar Value ETFScore 82
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 4AIWDiShares Russell 1000 Value ETFScore 77
Rank 18BSTXVStrive 1000 Value ETFScore 59
Rank 21BRPVInvesco S&P 500 Pure Value ETFScore 58
Rank 22BRAUSRACWI US ETFScore 57

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

RPVBInvesco S&P 500 Pure 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.

RPV Most value funds hold anything that isn't growth. RPV takes only the deepest-value slice of the S&P 500, about 120 names, weighted by how cheap they screen rather than how big they are.

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.

RPV The fund is based on the S&P 500 Pure Value Index and invests at least 90% of total assets in securities comprising that index.

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.

RPV Stocks are sorted on value and growth metrics both, so blend names wash out and only the strongest value scores reach the index.spglobal.com
Weights follow style attractiveness, not market cap, so the biggest company in the basket isn't automatically the biggest position.spglobal.com
Running since 2006, with at least 90% of assets held in its index securities. What's on the tin is what sits in the portfolio.

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

RPV At 0.35% it runs well above the category median of 0.18%, and broad value peers like VTV (0.03%) and IUSV (0.04%) charge a sliver of that.
About 120 names, with sector weights falling out of the screen rather than being targeted. The fund can lean hard on whatever corner of the market screens cheapest.spglobal.com
Deep value means owning the companies the market has marked down, so the ride can look nothing like a cap-weighted value fund's.spglobal.com

Full IUSV profile⁠

Full RPV profile⁠

IUSV vs RPV Holdings

How IUSV and RPV differ

Overlap by weight

17.2%

Shared holdings make up 93.9% of RPV and 21.2% of IUSV.

Level by level

Holdings110 in both17.2%
Sector11 Sectors78.1%
Countryby domicile97.9%
Asset classStocks100%

Sector

Sector weights in IUSV and RPV, widest gap first
Sector	Gap	IUSV	RPV
Technology	IUSV +14.6 points	18.2%	3.6%
Health Care	RPV +6.1 points	13.3%	19.4%
Industrials	IUSV +4.5 points	11.3%	6.8%
Materials	RPV +4.3 points	3.6%	7.9%
Energy	RPV +4.1 points	7.5%	11.6%
Consumer Staples	RPV +2.8 points	9.4%	12.2%
Financials	RPV +2.3 points	16.1%	18.4%
Real Estate	IUSV +2.1 points	3.5%	1.4%
Communication	RPV +2.0 points	2.6%	4.6%
Utilities	IUSV +0.6 points	4.2%	3.6%
Consumer Discretionary	RPV +0.4 points	10.3%	10.7%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and RPV, widest gap first
Country	Gap	IUSV	RPV
United States	IUSV +1.9 points	99.2%	97.3%
Ireland	RPV +1.4 points	0.1%	1.5%
United Kingdom	RPV +0.6 points	0.1%	0.7%
Other countries (4)	IUSV +0.1 points	0.6%	0.5%

Concentration

Weight in the 10 largest Holdings

IUSV23.1%
RPV20.5%

Securities held

IUSV731
RPV117

Asset class

IUSV: Stocks
RPV: Stocks

Holdings

Only in IUSV621
In both110
Only in RPV7

Only in IUSV

621 securities, 78.6% of IUSV by weight

Apple7.88%
Amazon.com Inc3.77%
Walmart1.76%
Costco Wholesale Corp1.47%
Procter & Gamble1.21%
Tesla Inc1.21%
Merck & Co Inc1.14%
Home Depot1.08%
Visa Class A1.02%
JPMorgan Chase & Co0.90%
Intel Corporation0.88%
AbbVie0.88%
Johnson & Johnson0.86%
Thermo Fisher Scientific0.81%
Wells Fargo0.80%
Texas Instrument0.80%
Linde PLC0.75%
Coca-Cola0.68%
Pepsico0.61%
Abbott Laboratories0.60%
Nextera Energy0.57%
Analog Devices0.56%
Qualcomm0.56%
Salesforce0.55%
Mastercard Class A0.55%
Cisco Systems Inc0.55%
Union Pacific0.54%
BlackRock0.54%
Deere0.53%
Ge Aerospace0.51%
Accenture PLC Class A0.50%
Charles Schwab0.47%
Danaher0.45%
Vertex Pharmaceuticals0.44%
Philip Morris International0.43%
Eaton PLC0.42%
Altria Group Inc0.40%
Bristol Myers Squibb0.40%
Lowes Companies Inc0.40%
Medtronic PLC0.39%
Prologis Reit0.38%
Automatic Data Processing Inc0.38%
Starbucks Corp0.38%
Lockheed Martin0.36%
Palo Alto Networks0.36%
International Business Machines Co0.35%
Mcdonalds Corp0.35%
Oracle0.35%
Southern0.34%
Equinix Reit0.32%

Only in RPV

7 securities, 6.0% of RPV by weight

Everest Group Ltd1.68%
Elevance Health Inc1.67%
Skydance Corp0.68%
Fiserv Inc0.57%
Block Inc0.50%
Ball Corp0.49%
Invesco Government & Agency Portfolio0.39%

Weight gaps

The 100 widest of 110 Holdings in both funds.

Holding weights in IUSV and RPV, widest gap first
Holding	Gap	IUSV	RPV
Centene CorpCNC	RPV +2.74 points	0.11%	2.85%
HumanaHUM	RPV +2.43 points	0.16%	2.59%
Bunge Global SABG	RPV +1.91 points	0.05%	1.96%
DowDOW	RPV +1.90 points	0.07%	1.97%
Archer Daniels MidlandADM	RPV +1.84 points	0.11%	1.95%
Target CorpTGT	RPV +1.71 points	0.23%	1.94%
Exxonmobil Holdings CorpXOM	IUSV +1.65 points	2.15%	0.50%
Tyson Foods Inc Class ATSN	RPV +1.61 points	0.05%	1.66%
General MotorsGM	RPV +1.60 points	0.24%	1.84%
Ford Motor CoF	RPV +1.57 points	0.15%	1.72%
MosaicMOS	RPV +1.57 points	0.02%	1.59%
Phillips 66PSX	RPV +1.56 points	0.31%	1.87%
Valero Energy CorpVLO	RPV +1.52 points	0.31%	1.83%
Lyondellbasell Industries Class ALYB	RPV +1.50 points	0.05%	1.55%
CignaCI	RPV +1.46 points	0.24%	1.70%
Smurfit Westrock PLCSW	RPV +1.45 points	0.07%	1.52%
Stanley Black & DeckerSWK	RPV +1.41 points	0.06%	1.47%
Dupont De NemoursDD	RPV +1.40 points	0.06%	1.46%
Hewlett Packard EnterpriseHPE	RPV +1.37 points	0.19%	1.56%
Marathon PetroleumMPC	RPV +1.36 points	0.33%	1.69%
Cvs HealthCVS	RPV +1.33 points	0.34%	1.67%
ViatrisVTRS	RPV +1.33 points	0.07%	1.40%
Franklin TempletonBEN	RPV +1.22 points	0.03%	1.25%
Global Payments IncGPN	RPV +1.21 points	0.07%	1.28%
ApaAPA	RPV +1.17 points	0.05%	1.22%
KrogerKR	RPV +1.15 points	0.12%	1.27%
Best BuyBBY	RPV +1.08 points	0.06%	1.14%
Cardinal HealthCAH	RPV +1.05 points	0.20%	1.25%
Prudential Financial IncPRU	RPV +1.00 points	0.13%	1.13%
Kraft HeinzKHC	RPV +0.95 points	0.07%	1.02%
Baxter InternationalBAX	RPV +0.93 points	0.04%	0.97%
Alexandria Real Estate Equities ReARE	RPV +0.89 points	0.02%	0.91%
Mckesson CorpMCK	RPV +0.81 points	0.39%	1.20%
MetlifeMET	RPV +0.77 points	0.17%	0.94%
United Airlines HoldingsUAL	RPV +0.75 points	0.12%	0.87%
Invesco LtdIVZ	RPV +0.75 points	0.04%	0.79%
Delta Air LinesDAL	RPV +0.76 points	0.16%	0.92%
Comcast Class ACMCSA	RPV +0.73 points	0.27%	1.00%
Hp IncHPQ	RPV +0.73 points	0.08%	0.81%
Assurant IncAIZ	RPV +0.71 points	0.05%	0.76%
LoewsL	RPV +0.71 points	0.06%	0.77%
International PaperIP	RPV +0.71 points	0.06%	0.77%
CencoraCOR	RPV +0.70 points	0.20%	0.90%
Bank of AmericaBAC	IUSV +0.69 points	1.01%	0.32%
ChevronCVX	IUSV +0.69 points	1.33%	0.64%
Citizens Financial Group IncCFG	RPV +0.66 points	0.08%	0.74%
American International GroupAIG	RPV +0.64 points	0.13%	0.77%
Principal Financial Group IncPFG	RPV +0.62 points	0.07%	0.69%
Amcor PLCAMCR	RPV +0.61 points	0.07%	0.68%
Dollar General CorpDG	RPV +0.62 points	0.09%	0.71%
Henry ScheinHSIC	RPV +0.60 points	0.03%	0.63%
Southwest AirlinesLUV	RPV +0.57 points	0.07%	0.64%
Edison InternationalEIX	RPV +0.57 points	0.07%	0.64%
Charter Communications Class ACHTR	RPV +0.57 points	0.04%	0.61%
International Flavors & FragrancesIFF	RPV +0.56 points	0.07%	0.63%
Diamondback EnergyFANG	RPV +0.55 points	0.12%	0.67%
SyscoSYY	RPV +0.54 points	0.12%	0.66%
NucorNUE	RPV +0.53 points	0.18%	0.71%
Allstate CorpALL	RPV +0.54 points	0.20%	0.74%
Hormel Foods CorpHRL	RPV +0.53 points	0.02%	0.55%
AesAES	RPV +0.53 points	0.03%	0.56%
PG&E CorpPCG	RPV +0.53 points	0.09%	0.62%
M&T BankMTB	RPV +0.52 points	0.10%	0.62%
Occidental Petroleum CorpOXY	RPV +0.51 points	0.13%	0.64%
Truist FinancialTFC	RPV +0.49 points	0.19%	0.68%
UnitedHealth GroupUNH	IUSV +0.48 points	1.12%	0.64%
Mgm Resorts InternationalMGM	RPV +0.47 points	0.02%	0.49%
Lennar A Class ALEN	RPV +0.46 points	0.05%	0.51%
Arch Capital GroupACGL	RPV +0.46 points	0.11%	0.57%
Devon EnergyDVN	RPV +0.45 points	0.15%	0.60%
KeycorpKEY	RPV +0.45 points	0.06%	0.51%
Pinnacle WestPNW	RPV +0.45 points	0.04%	0.48%
Universal Health Services Class BUHS	RPV +0.45 points	0.03%	0.48%
State StreetSTT	RPV +0.43 points	0.14%	0.57%
Fedex CorpFDX	RPV +0.43 points	0.21%	0.64%
Textron IncTXT	RPV +0.42 points	0.05%	0.47%
Omnicom Group IncOMC	RPV +0.42 points	0.07%	0.49%
Regions FinancialRF	RPV +0.42 points	0.08%	0.49%
BiogenBIIB	RPV +0.41 points	0.12%	0.53%
HalliburtonHAL	RPV +0.41 points	0.08%	0.49%
Vici Pptys IncVICI	RPV +0.36 points	0.09%	0.45%
Consolidated EdisonED	RPV +0.36 points	0.14%	0.50%
Huntington Bancshares IncHBAN	RPV +0.36 points	0.10%	0.46%
PultegroupPHM	RPV +0.34 points	0.08%	0.42%
Zimmer Biomet HoldingsZBH	RPV +0.34 points	0.06%	0.40%
Eversource EnergyES	RPV +0.33 points	0.08%	0.41%
Genuine PartsGPC	RPV +0.33 points	0.05%	0.38%
Huntington Ingalls IndustriesHII	RPV +0.29 points	0.04%	0.33%
Keurig Dr Pepper IncKDP	RPV +0.29 points	0.16%	0.45%
Travelers CompaniesTRV	RPV +0.29 points	0.26%	0.55%
Hartford Insurance GroupHIG	RPV +0.27 points	0.11%	0.38%
Walt DisneyDIS	IUSV +0.26 points	0.64%	0.38%
Aptiv PLCAPTV	RPV +0.25 points	0.03%	0.28%
D R HortonDHI	RPV +0.26 points	0.12%	0.38%
OneokOKE	RPV +0.24 points	0.17%	0.41%
News Class ANWSA	RPV +0.23 points	0.03%	0.26%
Fifth Third BancorpFITB	RPV +0.23 points	0.15%	0.38%
Exelon CorpEXC	RPV +0.22 points	0.15%	0.37%
Us BancorpUSB	RPV +0.21 points	0.29%	0.50%
SlbSLB	RPV +0.19 points	0.23%	0.42%

All 732 IUSV holdings⁠All 118 RPV 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 RPV Cost

Overpaying RPV vs IUSV

$6,277

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

IUSV 0.04%
$849
RPV 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
RPV 0.35%
Overpaying

Year by year

Year	IUSV	RPV	Overpaying
10	$73	$634	$561
20	$288	$2,454	$2,166
30	$849	$7,126	$6,277

Expense ratio

0.04%IUSV, cheaper
0.35%RPV

IUSV0.04%RPV0.35%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

RPV 28th cheapest of 40 funds

IUSV vs RPV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IUSV 1.62%; RPV 2.07%, better
Payout (12M): IUSV $1.89; RPV $2.53
Last payment: IUSV $0.49; RPV $0.63
Ex-dividend: IUSV Sep 15, 2026; RPV Sep 21, 2026
Paid on: IUSV Sep 18, 2026; RPV Sep 25, 2026
Frequency: IUSV Quarterly; RPV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

RPVQuarterly · 39 paymentsAll RPV payments⁠

IUSV vs RPV Risk

Fall from peak · 5 years

IUSV
RPV

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%, betterRPV 13.9%
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15RPV 1.28, better
Worst fallMax drawdown, 5 years: IUSV −17.9%, betterRPV −22.6%
Market sensitivityBeta, 5 years: IUSV 0.84RPV 0.75; Market = 1

IUSV and RPV 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 RPV

In short

Stated mandate

Why people hold it

Worth knowing

How IUSV and RPV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in RPV

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 RPV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in RPV

Weight gaps