IUSV vs SVAL: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

iShares US Small Cap Value Factor ETF

SVALBCboe

Overlap

0.4%by weight

Expense ratio

IUSV −0.16pt a year

IUSV0.04%SVAL0.20%

Avg volume · 30D

IUSV 18.3×the volume

IUSV575KSVAL31.4K

5Y return · a year

IUSV +2.3pt

IUSV+11.5%SVAL+9.2%

IUSV vs SVAL Performance

Oct 29, 2021 – Oct 30, 2026

+72.6%IUSV+55.3%SVAL

Expense ratio: IUSV 0.04%, better; SVAL 0.20%
Fund size: IUSV $28.5B; SVAL $165M
1Y total return: IUSV +16.6%; SVAL +34.7%, better
Yield (12M): IUSV 1.63%; SVAL 2.15%, better
Holdings: IUSV 734; SVAL 241
Avg volume (30D): IUSV 575K sh, better; SVAL 31.4K sh
NAV per share: IUSV $115.73; SVAL $43.37
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, SVAL, with each pillar’s weight
Pillar	IUSV	SVAL
Cost30% weight	A96Higher	C51
Mission25% weight	A88	A89Higher
Risk15% weight	B64Higher	D29
Tradability15% weight	A82Higher	C42
Holdings10% weight	C48	A76Higher
Durability5% weight	A79Higher	C48

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and SVAL 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 SVAL 21st 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 21BRAUSRACWI US ETFScore 58
Rank 21BSVALiShares US Small Cap Value Factor ETFScore 58
Rank 23BRPVInvesco S&P 500 Pure Value ETFScore 56

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

SVALBiShares US Small Cap Value Factor 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.

SVAL Most value ETFs buy big, cheap blue chips. SVAL goes small: a focused cut of the Russell 2000, about 300 stocks picked for the most prominent value traits. The deep end of the value pool.

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.

SVAL The fund tracks an index of U.S. small-capitalization stocks selected for prominent value characteristics.

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.

SVAL Truth in labeling: it tracks the Russell 2000 Focused Value Select Index, real small caps screened for value, not mid caps wearing a small-cap name tag.sec.gov
Focus by design: roughly 300 names out of the Russell 2000's roughly 2,000, so the value screen actually bites instead of getting diluted.lseg.com
Plain iShares plumbing: a standard 1940 Act index fund at 0.20% a year that pays shareholders 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

SVAL At 0.20% it costs more than broad Russell 2000 value trackers like VTWV (0.06%). The extra screening is what you are paying for.
Thinly traded next to the household names in value land, so spreads can be wider. Limit orders matter more here.
Small-cap value is the jumpy end of equities, and a focused portfolio can wander a long way from the broad market in either direction.

Full IUSV profile⁠

Full SVAL profile⁠

IUSV vs SVAL Holdings

How IUSV and SVAL differ

Overlap by weight

0.4%

Shared holdings make up 5.6% of SVAL and 0.4% of IUSV.

Level by level

Holdings13 in both0.4%
Sector11 Sectors84.4%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in IUSV and SVAL, widest gap first
Sector	More in IUSVMore in SVAL	IUSV	SVAL
Technology	IUSV +9.2 points	20.2%	10.9%
Financials	SVAL +6.4 points	15.5%	21.9%
Consumer Staples	IUSV +4.4 points	8.8%	4.4%
Energy	SVAL +3.7 points	8.2%	11.8%
Industrials	SVAL +1.5 points	11.2%	12.7%
Consumer Discretionary	SVAL +1.5 points	9.9%	11.4%
Health Care	IUSV +1.2 points	12.8%	11.6%
Materials	SVAL +1.1 points	3.5%	4.6%
Communication	SVAL +0.9 points	2.4%	3.3%
Utilities	IUSV +0.7 points	4.0%	3.3%
Real Estate	SVAL +0.7 points	3.3%	4.0%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and SVAL, widest gap first
Country	More in IUSVMore in SVAL	IUSV	SVAL
Switzerland	IUSV +0.5 points	0.5%	0.0%
Other countries (7)	SVAL +0.5 points	99.5%	100.0%

Concentration

Weight in the 10 largest Holdings

IUSV23.0%
SVAL7.8%

Securities held

IUSV731
SVAL237

Asset class

IUSV: Equity
SVAL: Equity

Holdings

Only in IUSV718
In both13
Only in SVAL224

Only in IUSV

718 securities, 99.6% 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 SVAL

224 securities, 94.4% of SVAL by weight

Insight Enterprises Inc0.90%
Amn Healthcare0.88%
Cracker Barrel Old Country Store I0.85%
Onespan0.84%
FIVE90.80%
Oceanfirst Financial0.72%
Corsair Gaming Inc0.71%
Marinemax Inc0.70%
Everforth0.69%
Cbiz0.69%
Utz Brands Class A0.68%
Lifestance Health Group0.67%
Penguin Solutions Inc0.65%
Manitowoc Inc0.65%
Magnite0.64%
Stagwell Class A0.64%
Suncoke Energy Inc0.63%
Healthstream0.62%
Ibex Ltd0.61%
Azenta0.61%
Progyny0.60%
Geo Group0.59%
Pebblebrook Hotel Trust Reit0.58%
Castle Biosciences0.58%
Corecivic Reit0.57%
Bluelinx Holdings0.57%
Riley Exploration Permian Inc0.56%
Myers Industries Inc0.55%
Integer Holdings Corp0.54%
Dorian Lpg0.54%
United Fire Group Inc0.54%
Teladoc Health Inc0.54%
Scansource0.53%
Diamondrock Hospitality0.53%
Stepan0.53%
Sprinklr Class A0.53%
Icu Medical0.52%
Quinstreet Inc0.52%
Pc Connection0.52%
Dht Holdings0.52%
Forum Energy Technologies Inc0.51%
Bioventus Class A0.51%
International Seaways0.51%
Icf International0.51%
Pediatrix Medical Group Inc0.50%
Liveramp Holdings Inc0.50%
Abm Industries Inc0.50%
Waystar Holding0.50%
Innospec Inc0.50%
Amerant Bancorp Class A0.50%

Weight gaps

All 13 Holdings in both funds, largest gap first.

Holding weights in IUSV and SVAL, widest gap first
Holding	More in IUSVMore in SVAL	IUSV	SVAL
Abercrombie and Fitch Class AANF	SVAL +0.72 points	0.01%	0.73%
Avient CorpAVNT	SVAL +0.43 points	0.01%	0.44%
Northwestern Energy GroupNWE	SVAL +0.41 points	<0.01%	0.42%
Black Hills CorpBKH	SVAL +0.39 points	0.02%	0.41%
Associated BancorpASB	SVAL +0.39 points	0.02%	0.41%
Graham Holdings Company Class BGHC	SVAL +0.39 points	<0.01%	0.40%
Murphy OilMUR	SVAL +0.38 points	0.02%	0.40%
Southwest Gas HoldingsSWX	SVAL +0.36 points	0.02%	0.38%
Cnx ResourcesCNX	SVAL +0.35 points	0.02%	0.37%
Ufp IndustriesUFPI	SVAL +0.34 points	0.01%	0.35%
One GasOGS	SVAL +0.32 points	0.01%	0.34%
Portland General ElectricPOR	SVAL +0.31 points	0.02%	0.33%
VisteonVC	SVAL +0.24 points	<0.01%	0.25%

All 732 IUSV holdings⁠All 244 SVAL 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 SVAL Cost

Overpaying SVAL vs IUSV

$3,306

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

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

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
SVAL 0.20%
Overpaying

Year by year

Year	IUSV	SVAL	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%SVAL

IUSV0.04%SVAL0.20%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

SVAL 19th cheapest of 40 funds

IUSV vs SVAL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IUSV 1.63%; SVAL 2.15%, better
Payout (12M): IUSV $1.89; SVAL $0.93
Last payment: IUSV $0.49; SVAL $0.25
Ex-dividend: IUSV Sep 15, 2026; SVAL Sep 15, 2026
Paid on: IUSV Sep 18, 2026; SVAL Sep 18, 2026
Frequency: IUSV Quarterly; SVAL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

SVALQuarterly · 23 paymentsAll SVAL payments⁠

IUSV vs SVAL Risk

Fall from peak · 5 years

IUSV
SVAL

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%, betterSVAL 19.6%
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15, betterSVAL 0.89
Worst fallMax drawdown, 5 years: IUSV −17.9%, betterSVAL −27.4%
Market sensitivityBeta, 5 years: IUSV 0.85SVAL 0.95; Market = 1

IUSV and SVAL 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 SVAL

In short

Stated mandate

Why people hold it

Worth knowing

How IUSV and SVAL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in SVAL

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 SVAL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in SVAL

Weight gaps