IUSV vs VTV: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

Vanguard Morningstar Value ETF

VTVANYSE Arca

Overlap

64.6%by weight

Expense ratio

VTV −0.01pt a year

IUSV0.04%VTV0.03%

Avg volume · 30D

VTV 4.9×the volume

IUSV575KVTV2.83M

10Y return · a year

VTV +0.7pt

IUSV+12.3%VTV+13.0%

IUSV vs VTV Performance

Oct 29, 2021 – Oct 30, 2026

+72.6%IUSV+79.8%VTV

Expense ratio: IUSV 0.04%; VTV 0.03%, better
Fund size: IUSV $28.5B; VTV $252B
1Y total return: IUSV +16.6%; VTV +25.3%, better
Yield (12M): IUSV 1.63%; VTV 1.83%, better
Holdings: IUSV 734; VTV 300
Avg volume (30D): IUSV 575K sh; VTV 2.83M sh, better
NAV per share: IUSV $115.73; VTV $228.00
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, VTV, with each pillar’s weight
Pillar	IUSV	VTV
Cost30% weight	A96	A96
Mission25% weight	A88	A89Higher
Risk15% weight	B64	A84Higher
Tradability15% weight	A82Higher	B65
Holdings10% weight	C48	C51Higher
Durability5% weight	A79	A88Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and VTV 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 ›

VTV ranks 2nd and IUSV 3rd 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

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

VTVAVanguard Morningstar 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.

VTV Value investing for three cents on every hundred dollars a year. Since 2004, VTV has run a passive, fully invested portfolio of roughly 300 large US companies that screen cheap, at a fee near the industry floor.

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.

VTV The fund seeks to track a large-capitalization U.S. value-stock benchmark through passive indexing and substantial replication of 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.

VTV 0.03% a year, about a sixth of the 0.18% median for US value funds. Cost is the part of the outcome the fund actually controls.
Same recipe, very different sticker: PRXV tracks the same declared value index and charges 0.36%, twelve times VTV's fee.
Passively managed, full replication, fully invested. No manager hunches, no cash sitting idle, and the fund has tracked its benchmark closely.vanguard.com
One of the largest and most actively traded funds in the US value aisle, the kind of scale that keeps bid-ask spreads thin for ordinary orders.

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

VTV Large caps only, about 300 of them. Cheap mid- and small-cap stocks live in separate funds (VOE, VTWV), so this is one slice of value, not the whole market.
It is a value screen by design, so the priciest fast growers are largely filtered out. In growth-led stretches it can move very differently from a total-market fund.
Income arrives quarterly, in four instalments rather than a monthly drip.

Full IUSV profile⁠

Full VTV profile⁠

IUSV vs VTV Holdings

How IUSV and VTV differ

Overlap by weight

64.6%

Shared holdings make up 86.7% of VTV and 66.1% of IUSV.

Level by level

Holdings275 in both64.6%
Sector11 Sectors86.4%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in IUSV and VTV, widest gap first
Sector	More in IUSVMore in VTV	IUSV	VTV
Financials	VTV +6.9 points	15.5%	22.4%
Consumer Discretionary	IUSV +6.2 points	9.9%	3.7%
Technology	IUSV +5.9 points	20.2%	14.3%
Health Care	VTV +4.0 points	12.8%	16.8%
Industrials	VTV +2.0 points	11.2%	13.2%
Real Estate	IUSV +0.8 points	3.3%	2.5%
Communication	VTV +0.6 points	2.4%	3.0%
Materials	IUSV +0.4 points	3.5%	3.1%
Utilities	VTV +0.2 points	4.0%	4.2%
Consumer Staples	IUSV +0.1 points	8.8%	8.7%
Energy	Same weight	8.2%	8.2%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and VTV, widest gap first
Country	More in IUSVMore in VTV	IUSV	VTV
United States	VTV +0.8 points	99.2%	100.0%
Switzerland	IUSV +0.5 points	0.5%	0.0%
Other countries (5)	IUSV +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

IUSV23.0%
VTV23.6%

Securities held

IUSV731
VTV299

Asset class

IUSV: Equity
VTV: Equity

Holdings

Only in IUSV456
In both275
Only in VTV24

Only in IUSV

456 securities, 33.7% of IUSV by weight

Apple7.81%
Amazon.com Inc3.44%
Costco Wholesale Corp1.39%
Tesla Inc1.33%
Intel Corporation1.01%
Visa Class A0.98%
Mastercard Class A0.53%
Vertex Pharmaceuticals0.44%
Western Digital Corp0.41%
Palo Alto Networks0.41%
Starbucks Corp0.37%
Oracle0.34%
Equinix Reit0.31%
Marvell Technology0.28%
Synopsys0.28%
Motorola Solutions Inc0.25%
Ecolab0.24%
Boeing0.24%
Cintas0.24%
Tjx0.22%
Targa Resources0.21%
Nxp Semiconductors NV0.20%
Fastenal0.18%
Ww Grainger Inc0.18%
Seagate Technology Holdings PLC0.16%
Vylor0.15%
Servicenow0.13%
Block Class A0.13%
Chipotle Mexican Grill0.12%
Moodys Corp0.12%
Airbnb Class A0.11%
Vulcan Materials0.11%
Cadence Design Systems0.10%
Old Dominion Freight Line0.10%
Coinbase Global Class A0.10%
Fortinet0.10%
Corning0.09%
Williams Sonoma Inc0.09%
West Pharmaceutical Services0.09%
Atmos Energy0.09%
Ares Management Class A0.09%
Carvana Class A0.07%
Us Foods Holding0.07%
Smurfit Westrock PLC0.07%
Workday Class A0.07%
Omnicom Group Inc0.07%
Reliance Steel & Aluminum0.07%
Autodesk0.07%
Viatris0.07%
Msci0.07%

Only in VTV

24 securities, 13.4% of VTV by weight

Micron Technology Inc4.57%
Berkshire Hathaway Inc2.93%
Caterpillar Inc1.42%
RTX Corp0.95%
Berkshire Hathaway Inc0.55%
Uber Technologies Inc0.50%
Newmont Corp0.46%
Warner Bros Discovery Inc0.28%
HCA Healthcare Inc0.23%
Strategy Inc0.21%
Cheniere Energy Inc0.21%
Vistra Corp0.18%
Royal Caribbean Cruises Ltd0.13%
Carnival Corp Ltd0.11%
Expedia Group Inc0.11%
Sunbelt Rentals Holdings Inc0.11%
Zoom Communications Inc0.09%
Ulta Beauty Inc0.09%
Rocket Cos Inc0.08%
Markel Group Inc0.08%
Medline Inc0.08%
Interactive Brokers Group Inc0.07%
SLBBH1142<0.01%
Lennar Corp<0.01%

Weight gaps

The 100 widest of 275 Holdings in both funds.

Holding weights in IUSV and VTV, widest gap first
Holding	More in IUSVMore in VTV	IUSV	VTV
JPMorgan Chase & CoJPM	VTV +2.45 points	0.89%	3.34%
Johnson & JohnsonJNJ	VTV +1.58 points	0.84%	2.42%
AbbVieABBV	VTV +0.89 points	0.87%	1.76%
Cisco Systems IncCSCO	VTV +0.85 points	0.60%	1.45%
Philip Morris InternationalPM	VTV +0.69 points	0.44%	1.13%
Goldman Sachs GroupGS	VTV +0.65 points	0.28%	0.93%
Amgen IncAMGN	VTV +0.62 points	0.25%	0.87%
Coca-ColaKO	VTV +0.61 points	0.66%	1.27%
Morgan StanleyMS	VTV +0.57 points	0.27%	0.84%
International Business Machines CoIBM	VTV +0.43 points	0.36%	0.79%
American ExpressAXP	VTV +0.41 points	0.17%	0.58%
Gilead SciencesGILD	VTV +0.40 points	0.30%	0.70%
Texas InstrumentTXN	IUSV +0.36 points	0.85%	0.49%
Bank of AmericaBAC	VTV +0.36 points	1.01%	1.37%
Parker-HannifinPH	VTV +0.30 points	0.15%	0.46%
ProgressivePGR	VTV +0.28 points	0.18%	0.46%
Bank of New York Mellon CorpBNY	VTV +0.25 points	0.12%	0.37%
Johnson Controls International PLCJCI	VTV +0.24 points	0.10%	0.34%
Trane Technologies PLCTT	VTV +0.25 points	0.13%	0.38%
Constellation Energy CorpCEG	VTV +0.23 points	0.09%	0.32%
Merck & Co IncMRK	VTV +0.21 points	1.15%	1.36%
Cme Group Class ACME	VTV +0.21 points	0.15%	0.36%
Cummins IncCMI	VTV +0.20 points	0.07%	0.27%
Eaton PLCETN	VTV +0.18 points	0.45%	0.63%
QualcommQCOM	VTV +0.18 points	0.55%	0.73%
General Dynamics CorpGD	VTV +0.18 points	0.14%	0.32%
S&P GlobalSPGI	VTV +0.18 points	0.25%	0.43%
CitigroupC	VTV +0.18 points	0.64%	0.82%
AT&TT	VTV +0.18 points	0.46%	0.64%
Boston ScientificBSX	VTV +0.18 points	0.06%	0.24%
StrykerSYK	VTV +0.18 points	0.18%	0.36%
CortevaCTVA	VTV +0.18 points	0.02%	0.20%
Te Connectivity PLCTEL	VTV +0.17 points	0.06%	0.23%
Exxonmobil Holdings CorpXOM	VTV +0.17 points	2.39%	2.56%
Ross Stores IncROST	VTV +0.16 points	0.12%	0.28%
Charles SchwabSCHW	VTV +0.17 points	0.44%	0.61%
IntuitINTU	VTV +0.16 points	0.13%	0.29%
Ge AerospaceGE	VTV +0.15 points	0.47%	0.62%
Thermo Fisher ScientificTMO	VTV +0.15 points	0.80%	0.95%
Verizon Communications IncVZ	VTV +0.14 points	0.58%	0.72%
Kkr and Co IncKKR	VTV +0.14 points	0.09%	0.23%
United RentalsURI	VTV +0.14 points	0.10%	0.24%
Wells FargoWFC	VTV +0.14 points	0.78%	0.92%
DeereDE	VTV +0.12 points	0.53%	0.65%
ModernaMRNA	IUSV +0.13 points	0.26%	0.13%
EbayEBAY	VTV +0.12 points	0.04%	0.16%
UnitedHealth GroupUNH	VTV +0.12 points	1.13%	1.25%
Procter & GamblePG	VTV +0.11 points	1.17%	1.28%
BlackstoneBX	IUSV +0.12 points	0.28%	0.16%
Rockwell Automation IncROK	VTV +0.11 points	0.07%	0.18%
Simon Property Group Reit IncSPG	VTV +0.10 points	0.13%	0.23%
Freeport Mcmoran IncFCX	VTV +0.10 points	0.28%	0.38%
Apollo Global ManagementAPO	VTV +0.10 points	0.08%	0.18%
Edwards LifesciencesEW	VTV +0.10 points	0.09%	0.19%
Dell Technologies Inc Class CDELL	IUSV +0.10 points	0.40%	0.30%
Analog DevicesADI	VTV +0.10 points	0.63%	0.73%
SalesforceCRM	VTV +0.10 points	0.58%	0.68%
Linde PLCLIN	VTV +0.09 points	0.74%	0.83%
Walt DisneyDIS	VTV +0.10 points	0.59%	0.69%
Prologis ReitPLD	VTV +0.09 points	0.38%	0.47%
Bristol Myers SquibbBMY	VTV +0.08 points	0.40%	0.48%
Ferguson EnterprisesFERG	VTV +0.08 points	0.08%	0.16%
DanaherDHR	VTV +0.08 points	0.45%	0.53%
Abbott LaboratoriesABT	VTV +0.08 points	0.57%	0.65%
Hewlett Packard EnterpriseHPE	VTV +0.08 points	0.23%	0.31%
PfizerPFE	VTV +0.08 points	0.54%	0.62%
PepsicoPEP	VTV +0.08 points	0.58%	0.66%
Keysight TechnologiesKEYS	VTV +0.08 points	0.16%	0.24%
Valero Energy CorpVLO	VTV +0.06 points	0.36%	0.42%
Accenture PLC Class AACN	IUSV +0.06 points	0.49%	0.43%
Sherwin WilliamsSHW	VTV +0.06 points	0.24%	0.30%
Capital One Financial CorpCOF	VTV +0.06 points	0.39%	0.45%
Waters CorpWAT	IUSV +0.06 points	0.14%	0.08%
Home DepotHD	VTV +0.06 points	1.02%	1.08%
Cvs HealthCVS	VTV +0.06 points	0.36%	0.42%
Cincinnati FinancialCINF	VTV +0.05 points	0.04%	0.09%
Cboe Global MarketsCBOE	VTV +0.06 points	0.05%	0.11%
Pnc Financial Services GroupPNC	VTV +0.06 points	0.28%	0.34%
Us BancorpUSB	VTV +0.05 points	0.29%	0.34%
Adobe IncADBE	VTV +0.05 points	0.31%	0.36%
Union PacificUNP	VTV +0.05 points	0.56%	0.61%
Paccar IncPCAR	VTV +0.05 points	0.17%	0.22%
Target CorpTGT	VTV +0.05 points	0.22%	0.27%
Medtronic PLCMDT	VTV +0.05 points	0.37%	0.42%
EqtEQT	IUSV +0.05 points	0.11%	0.06%
Digital Realty Trust ReitDLR	VTV +0.05 points	0.20%	0.25%
Steel Dynamics IncSTLD	IUSV +0.05 points	0.11%	0.06%
BlackRockBLK	VTV +0.05 points	0.51%	0.56%
Martin Marietta MaterialsMLM	IUSV +0.04 points	0.10%	0.06%
Centene CorpCNC	IUSV +0.04 points	0.10%	0.06%
Lockheed MartinLMT	VTV +0.05 points	0.40%	0.45%
Ametek IncAME	VTV +0.05 points	0.17%	0.22%
PayPal HoldingsPYPL	IUSV +0.04 points	0.15%	0.11%
SterisSTE	VTV +0.05 points	0.03%	0.08%
Emerson ElectricEMR	VTV +0.04 points	0.29%	0.33%
3MMMM	VTV +0.04 points	0.28%	0.32%
Vivmark ResidentialVMRK	VTV +0.04 points	0.14%	0.18%
DowDOW	IUSV +0.04 points	0.08%	0.04%
Illinois Tool IncITW	VTV +0.04 points	0.22%	0.26%
Waste Management IncWM	VTV +0.04 points	0.27%	0.31%

All 732 IUSV holdings⁠All 331 VTV 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 VTV Cost

Overpaying IUSV vs VTV

$211

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

IUSV 0.04%
$849
VTV 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
VTV 0.03%
Overpaying

Year by year

Year	IUSV	VTV	Overpaying
10	$73	$55	$18
20	$288	$216	$72
30	$849	$638	$211

Expense ratio

0.04%IUSV
0.03%VTV, cheaper

VTV0.03%IUSV0.04%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

VTV cheapest of 40 funds

IUSV 3rd cheapest of 40 funds

IUSV vs VTV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IUSV 1.63%; VTV 1.83%, better
Payout (12M): IUSV $1.89; VTV $4.16
Last payment: IUSV $0.49; VTV $1.02
Ex-dividend: IUSV Sep 15, 2026; VTV Sep 28, 2026
Paid on: IUSV Sep 18, 2026; VTV Sep 30, 2026
Frequency: IUSV Quarterly; VTV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

VTVQuarterly · 39 paymentsAll VTV payments⁠

IUSV vs VTV Risk

Fall from peak · 5 years

IUSV
VTV

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%VTV 11.3%, better
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15VTV 1.44, better
Worst fallMax drawdown, 5 years: IUSV −17.9%VTV −17.0%, better
Market sensitivityBeta, 5 years: IUSV 0.85VTV 0.69; Market = 1

IUSV and VTV 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, 2026IUSVVTV
Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026VTV
Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026VTV
Head-to-Head
VTV leads VYM over 10 years. The recent gap is one year
Oct 23, 2026VTV
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, 2026VTV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VTV

Popular comparisons

IUSVAvsSCHVA
iShares Core S&P U.S. Value ETF · Schwab U.S. Large-Cap Value ETF
Expense ratio
0.04% · 0.04%
Category
VTVAvsSCHVA
Vanguard Morningstar Value ETF · Schwab U.S. Large-Cap Value ETF
Expense ratio
0.03% · 0.04%
Category
IUSVAvsIWDA
iShares Core S&P U.S. Value ETF · iShares Russell 1000 Value ETF
Expense ratio
0.04% · 0.18%
Category
VTVAvsIWDA
Vanguard Morningstar Value ETF · iShares Russell 1000 Value ETF
Expense ratio
0.03% · 0.18%
Category
IUSVAvsVOEA
iShares Core S&P U.S. Value ETF · Vanguard Morningstar Mid-Cap Value ETF
Expense ratio
0.04% · 0.05%
Category
VTVAvsVOEA
Vanguard Morningstar Value ETF · Vanguard Morningstar Mid-Cap Value ETF
Expense ratio
0.03% · 0.05%
Category

IUSV vs VTV

In short

Stated mandate

Why people hold it