IUSV vs VLU: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

State Street SPDR S&P 1500 Value Tilt ETF

VLUANYSE Arca

Overlap

62.4%by weight

Expense ratio

IUSV −0.08pt a year

IUSV0.04%VLU0.12%

Avg volume · 30D

IUSV 72.0×the volume

IUSV575KVLU7.99K

10Y return · a year

VLU +1.8pt

IUSV+12.3%VLU+14.1%

IUSV vs VLU Performance

Oct 29, 2021 – Oct 30, 2026

+72.6%IUSV+79.9%VLU

Expense ratio: IUSV 0.04%, better; VLU 0.12%
Fund size: IUSV $28.5B; VLU $793M
1Y total return: IUSV +16.6%; VLU +22.1%, better
Yield (12M): IUSV 1.63%, better; VLU 1.61%
Holdings: IUSV 734; VLU 1451
Avg volume (30D): IUSV 575K sh, better; VLU 7.99K sh
NAV per share: IUSV $115.73; VLU $248.51
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, VLU, with each pillar’s weight
Pillar	IUSV	VLU
Cost30% weight	A96Higher	A76
Mission25% weight	A88	A100Higher
Risk15% weight	B64	A77Higher
Tradability15% weight	A82Higher	C45
Holdings10% weight	C48	B62Higher
Durability5% weight	A79Higher	B64

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and VLU 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 VLU 6th 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 4AVOEVanguard Morningstar Mid-Cap Value ETFScore 77
Rank 6AVLUState Street SPDR S&P 1500 Value Tilt ETFScore 75
Rank 7AISCViShares Morningstar Small Cap Value ETFScore 70

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

VLUAState Street SPDR S&P 1500 Value Tilt 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.

VLU Most value funds throw out half the market. VLU keeps all roughly 1,500 names in the S&P Composite 1500 and simply leans the weights toward the cheaper ones. Running since 2012.

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.

VLU The fund seeks to track, before fees and expenses, the total return performance of the S&P 1500 Low Valuation Tilt 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.

VLU Owns large, mid and small caps together and reweights toward cheap stocks rather than deleting rich ones, so the value lean comes without dropping half the US market.ssga.com spindices.com
0.12% a year, under the median fee among US value ETFs, for an all-cap portfolio of roughly 1,500 stocks.
A plain rules-based index mandate with no manager discretion, and one of the stronger implementations in its value peer group.
Live since 2012, so it carries a long record through both value droughts and value comebacks.

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

VLU Thinly traded next to the category giants, so bid-ask spreads and order size matter more than they would in a heavily traded fund.
A tilt, not a purge: pricey stocks stay in at lower weights, so the value exposure is milder than a concentrated deep-value fund.ssga.com spindices.com
Cheap for the category but not the floor. VTV and IUSV charge less, though they cover large-cap value only.

Full IUSV profile⁠

Full VLU profile⁠

IUSV vs VLU Holdings

How IUSV and VLU differ

Overlap by weight

62.4%

Shared holdings make up 99.2% of IUSV and 76.6% of VLU.

Level by level

Holdings720 in both62.4%
Sector11 Sectors90.8%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in IUSV and VLU, widest gap first
Sector	More in IUSVMore in VLU	IUSV	VLU
Communication	VLU +5.0 points	2.4%	7.4%
Financials	VLU +4.0 points	15.5%	19.5%
Industrials	IUSV +2.8 points	11.2%	8.4%
Technology	IUSV +2.3 points	20.2%	17.9%
Consumer Staples	IUSV +1.5 points	8.8%	7.3%
Materials	IUSV +0.8 points	3.5%	2.7%
Utilities	IUSV +0.7 points	4.0%	3.3%
Consumer Discretionary	IUSV +0.5 points	9.9%	9.4%
Real Estate	IUSV +0.3 points	3.3%	3.0%
Health Care	VLU +0.3 points	12.8%	13.1%
Energy	IUSV +0.1 points	8.2%	8.1%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and VLU, widest gap first
Country	More in IUSVMore in VLU	IUSV	VLU
United States	Same weight	99.2%	99.2%
Switzerland	IUSV +0.1 points	0.5%	0.4%
United Kingdom	Same weight	0.1%	0.1%
China	Same weight	0.1%	0.1%
Ireland	Same weight	0.1%	0.1%
Mexico	VLU +0.1 points	0.0%	0.1%
Sweden	VLU +0.1 points	0.0%	0.1%
Brazil	Same weight	0.0%	0.0%
Other countries (2)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

IUSV23.0%
VLU18.6%

Securities held

IUSV731
VLU1,449

Asset class

IUSV: Equity
VLU: Equity

Holdings

Only in IUSV11
In both720
Only in VLU729

Only in IUSV

11 securities, 0.6% of IUSV by weight

Marvell Technology0.28%
Ferguson Enterprises0.08%
Veeva Systems Class A0.06%
Sharkninja0.05%
Sun Communities Reit Inc0.02%
Siriusxm Holdings0.02%
Reddit Class A0.02%
Allison Transmission Holdings0.01%
Hubspot0.01%
Agnc Investment Reit<0.01%
Hologic Inc0.00%

Only in VLU

729 securities, 23.2% of VLU by weight

Microsoft Corp3.13%
Berkshire Hathaway Inc Class B2.69%
Alphabet Inc Class C1.27%
Meta Platforms Inc Class A1.23%
Micron Technology Inc1.00%
NVIDIA Corp0.96%
Advanced Micro Devices0.87%
Alphabet Inc Class A0.45%
Broadcom Inc0.44%
Eli Lilly & Co0.37%
Rtx Corp0.27%
Netflix Inc0.24%
Arista Networks Inc0.18%
Hca Healthcare Inc0.17%
Welltower Inc0.16%
Uber Technologies Inc0.16%
Intuitive Surgical Inc0.15%
Applied Materials Inc0.14%
Newmont Corp0.13%
Palantir Technologies Inc A0.12%
Lam Research Corp0.10%
Carnival Corp Ltd0.10%
Crowdstrike Holdings Inc A0.09%
Interactive Brokers Gro Class A0.09%
Booking Holdings Inc0.08%
Caterpillar Inc0.08%
Marriott International Class A0.08%
Tenet Healthcare Corp0.08%
Royal Caribbean Cruises Ltd0.08%
Kla Corp0.07%
Robinhood Markets Inc A0.07%
Amphenol Corp Class A0.07%
Flex Ltd0.07%
Ge Vernova Inc0.06%
Monster Beverage Corp0.06%
Jackson Financial Inc A0.06%
O Reilly Automotive Inc0.05%
Carmax Inc0.05%
Eastman Chemical Co0.05%
Sandisk Corp0.05%
Doordash Inc A0.05%
Lincoln National Corp0.05%
Builders Firstsource Inc0.05%
Echostar Corp A0.05%
Quanta Services Inc0.05%
Mohawk Industries Inc0.05%
Conagra Brands Inc0.05%
Okta Inc0.04%
Lyft Inc A0.04%
Molson Coors Beverage Co B0.04%

Weight gaps

The 100 widest of 720 Holdings in both funds.

Holding weights in IUSV and VLU, widest gap first
Holding	More in IUSVMore in VLU	IUSV	VLU
AppleAAPL	IUSV +5.65 points	7.81%	2.16%
Costco Wholesale CorpCOST	IUSV +1.04 points	1.39%	0.35%
Exxonmobil Holdings CorpXOM	IUSV +0.93 points	2.39%	1.46%
Amazon.com IncAMZN	IUSV +0.87 points	3.44%	2.57%
Tesla IncTSLA	IUSV +0.78 points	1.33%	0.55%
Procter & GamblePG	IUSV +0.73 points	1.17%	0.44%
Verizon Communications IncVZ	VLU +0.66 points	0.58%	1.24%
Dell Technologies Inc Class CDELL	VLU +0.58 points	0.40%	0.98%
Texas InstrumentTXN	IUSV +0.57 points	0.85%	0.28%
Merck & Co IncMRK	IUSV +0.57 points	1.15%	0.58%
JPMorgan Chase & CoJPM	VLU +0.56 points	0.89%	1.45%
Thermo Fisher ScientificTMO	IUSV +0.54 points	0.80%	0.26%
Linde PLCLIN	IUSV +0.53 points	0.74%	0.21%
Home DepotHD	IUSV +0.50 points	1.02%	0.52%
Analog DevicesADI	IUSV +0.48 points	0.63%	0.15%
Visa Class AV	IUSV +0.46 points	0.98%	0.52%
Marathon PetroleumMPC	VLU +0.44 points	0.39%	0.83%
Cvs HealthCVS	VLU +0.43 points	0.36%	0.79%
Intel CorporationINTC	IUSV +0.41 points	1.01%	0.60%
WalmartWMT	IUSV +0.41 points	1.71%	1.30%
Western Digital CorpWDC	IUSV +0.36 points	0.41%	0.05%
SalesforceCRM	IUSV +0.35 points	0.58%	0.23%
AbbVieABBV	IUSV +0.35 points	0.87%	0.52%
Elevance Health IncELV	VLU +0.35 points	0.28%	0.63%
Vertex PharmaceuticalsVRTX	IUSV +0.34 points	0.44%	0.10%
Eaton PLCETN	IUSV +0.34 points	0.45%	0.11%
DeereDE	IUSV +0.33 points	0.53%	0.20%
Union PacificUNP	IUSV +0.33 points	0.56%	0.23%
Mastercard Class AMA	IUSV +0.31 points	0.53%	0.22%
Nextera EnergyNEE	IUSV +0.31 points	0.54%	0.23%
Ge AerospaceGE	IUSV +0.31 points	0.47%	0.16%
United Parcel Service Inc Class BUPS	VLU +0.30 points	0.25%	0.55%
BlackRockBLK	IUSV +0.29 points	0.51%	0.22%
CignaCI	VLU +0.30 points	0.24%	0.54%
Comcast Class ACMCSA	VLU +0.28 points	0.26%	0.54%
Abbott LaboratoriesABT	IUSV +0.28 points	0.57%	0.29%
General MotorsGM	VLU +0.27 points	0.24%	0.51%
Palo Alto NetworksPANW	IUSV +0.28 points	0.41%	0.13%
Coca-ColaKO	IUSV +0.28 points	0.66%	0.38%
Charles SchwabSCHW	IUSV +0.26 points	0.44%	0.18%
DanaherDHR	IUSV +0.26 points	0.45%	0.19%
T Mobile Us IncTMUS	VLU +0.26 points	0.23%	0.49%
Target CorpTGT	VLU +0.25 points	0.22%	0.47%
Equinix ReitEQIX	IUSV +0.23 points	0.31%	0.07%
CencoraCOR	VLU +0.23 points	0.20%	0.43%
Prologis ReitPLD	IUSV +0.24 points	0.38%	0.14%
PepsicoPEP	IUSV +0.23 points	0.58%	0.35%
Truist FinancialTFC	VLU +0.22 points	0.19%	0.41%
Starbucks CorpSBUX	IUSV +0.23 points	0.37%	0.14%
ChevronCVX	IUSV +0.22 points	1.44%	1.22%
Cardinal HealthCAH	VLU +0.22 points	0.18%	0.40%
Automatic Data Processing IncADP	IUSV +0.21 points	0.36%	0.15%
SynopsysSNPS	IUSV +0.21 points	0.28%	0.07%
Devon EnergyDVN	VLU +0.20 points	0.18%	0.38%
MetlifeMET	VLU +0.20 points	0.17%	0.37%
Intercontinental Exchange IncICE	IUSV +0.20 points	0.29%	0.09%
BoeingBA	IUSV +0.20 points	0.24%	0.04%
UnitedHealth GroupUNH	VLU +0.20 points	1.13%	1.33%
HumanaHUM	VLU +0.19 points	0.15%	0.34%
CsxCSX	IUSV +0.19 points	0.30%	0.11%
Waste Management IncWM	IUSV +0.19 points	0.27%	0.08%
Lowes Companies IncLOW	IUSV +0.18 points	0.36%	0.18%
CintasCTAS	IUSV +0.19 points	0.24%	0.05%
Ford Motor CoF	VLU +0.18 points	0.15%	0.33%
Freeport Mcmoran IncFCX	IUSV +0.18 points	0.28%	0.10%
Regeneron PharmaceuticalsREGN	IUSV +0.17 points	0.28%	0.11%
Motorola Solutions IncMSI	IUSV +0.17 points	0.25%	0.08%
WilliamsWMB	IUSV +0.17 points	0.28%	0.11%
MarshMRSH	IUSV +0.18 points	0.30%	0.12%
Sherwin WilliamsSHW	IUSV +0.17 points	0.24%	0.07%
EcolabECL	IUSV +0.17 points	0.24%	0.07%
QualcommQCOM	IUSV +0.17 points	0.55%	0.38%
Wells FargoWFC	IUSV +0.16 points	0.78%	0.62%
Emerson ElectricEMR	IUSV +0.17 points	0.29%	0.12%
BlackstoneBX	IUSV +0.16 points	0.28%	0.12%
American Tower ReitAMT	IUSV +0.16 points	0.27%	0.11%
American International GroupAIG	VLU +0.16 points	0.13%	0.29%
3MMMM	IUSV +0.16 points	0.28%	0.12%
Mcdonalds CorpMCD	IUSV +0.16 points	0.32%	0.16%
Diamondback EnergyFANG	VLU +0.16 points	0.13%	0.29%
Lockheed MartinLMT	IUSV +0.15 points	0.40%	0.25%
Arthur J GallagherAJG	IUSV +0.15 points	0.22%	0.07%
Aon PLC Class AAON	IUSV +0.15 points	0.21%	0.06%
Targa ResourcesTRGP	IUSV +0.15 points	0.21%	0.06%
Prudential Financial IncPRU	VLU +0.15 points	0.12%	0.27%
Adobe IncADBE	IUSV +0.15 points	0.31%	0.16%
Keysight TechnologiesKEYS	IUSV +0.14 points	0.16%	0.01%
Colgate-PalmoliveCL	IUSV +0.15 points	0.24%	0.09%
FastenalFAST	IUSV +0.15 points	0.18%	0.04%
KenvueKVUE	VLU +0.14 points	0.12%	0.26%
Honeywell International IncHON	IUSV +0.14 points	0.21%	0.07%
Norfolk Southern CorpNSC	IUSV +0.14 points	0.24%	0.10%
ProgressivePGR	VLU +0.14 points	0.18%	0.32%
Illinois Tool IncITW	IUSV +0.13 points	0.22%	0.09%
Air Products and ChemicalsAPD	IUSV +0.14 points	0.22%	0.08%
KrogerKR	VLU +0.13 points	0.12%	0.25%
Northrop Grumman CorpNOC	IUSV +0.13 points	0.23%	0.10%
Archer Daniels MidlandADM	VLU +0.13 points	0.12%	0.25%
Digital Realty Trust ReitDLR	IUSV +0.14 points	0.20%	0.06%
Walt DisneyDIS	IUSV +0.13 points	0.59%	0.46%

All 732 IUSV holdings⁠All 1,450 VLU 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 VLU Cost

Overpaying VLU vs IUSV

$1,671

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

IUSV 0.04%
$849
VLU 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
VLU 0.12%
Overpaying

Year by year

Year	IUSV	VLU	Overpaying
10	$73	$220	$147
20	$288	$859	$571
30	$849	$2,520	$1,671

Expense ratio

0.04%IUSV, cheaper
0.12%VLU

IUSV0.04%VLU0.12%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

VLU 10th cheapest of 40 funds

IUSV vs VLU Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IUSV 1.63%, better; VLU 1.61%
Payout (12M): IUSV $1.89; VLU $3.97
Last payment: IUSV $0.49; VLU $1.05
Ex-dividend: IUSV Sep 15, 2026; VLU Sep 21, 2026
Paid on: IUSV Sep 18, 2026; VLU Sep 23, 2026
Frequency: IUSV Quarterly; VLU Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

VLUQuarterly · 39 paymentsAll VLU payments⁠

IUSV vs VLU Risk

Fall from peak · 5 years

IUSV
VLU

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%VLU 11.6%, better
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15VLU 1.47, better
Worst fallMax drawdown, 5 years: IUSV −17.9%, betterVLU −19.6%
Market sensitivityBeta, 5 years: IUSV 0.85VLU 0.88; Market = 1

IUSV and VLU 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 VLU

In short

Stated mandate

Why people hold it

Worth knowing

How IUSV and VLU differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in VLU

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 VLU differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in VLU

Weight gaps