IUSV vs VTWV: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

Vanguard Russell 2000 Value ETF

VTWVBNasdaq

Overlap

0.7%by weight

Expense ratio

IUSV −0.02pt a year

IUSV0.04%VTWV0.06%

Avg volume · 30D

IUSV 16.1×the volume

IUSV575KVTWV35.8K

10Y return · a year

IUSV +2.1pt

IUSV+12.4%VTWV+10.3%

IUSV vs VTWV Performance

Nov 2, 2021 – Nov 2, 2026

+71.3%IUSV+40.2%VTWV

Expense ratio: IUSV 0.04%, better; VTWV 0.06%
Fund size: IUSV $28.5B; VTWV $1.4B
1Y total return: IUSV +16.8%; VTWV +24.1%, better
Yield (12M): IUSV 1.63%; VTWV 1.68%, better
Holdings: IUSV 734; VTWV 1435
Avg volume (30D): IUSV 575K sh, better; VTWV 35.8K sh
NAV per share: IUSV $115.73; VTWV $189.18
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, VTWV, with each pillar’s weight
Pillar	IUSV	VTWV
Cost30% weight	A96Higher	A86
Mission25% weight	A88	A90Higher
Risk15% weight	B64Higher	D25
Tradability15% weight	A81Higher	D36
Holdings10% weight	C49	A87Higher
Durability5% weight	A79Higher	A73

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and VTWV 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 VTWV 8th 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 7AISCViShares Morningstar Small Cap Value ETFScore 70
Rank 8BVTWVVanguard Russell 2000 Value ETFScore 69
Rank 9BIWSiShares Russell Mid-Cap Value ETFScore 68

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

VTWVBVanguard Russell 2000 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.

VTWV Vanguard's take on the unglamorous end of the market: roughly 1,400 small US companies screened onto the value side of the Russell 2000, for six basis points a year.

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.

VTWV The fund seeks to track the Russell 2000 Value Index, which represents U.S. small-capitalization value stocks.

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.

VTWV Costs 0.06% a year, about a third of the typical fee among US value ETFs and far below the 0.30% on the other fund citing the same declared index (DFSV).
Breadth over bets: about 1,400 names, the whole value half of the Russell 2000, so no single small-cap story drives the result.
Russell scores style by probability, so a borderline stock can sit partly in value and partly in growth instead of being forced across a hard line.lseg.com
Running since 2010 and tracking its benchmark tightly, it sits in the top quartile of its value-ETF peer group on our review.

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

VTWV Small-cap value is the bumpy end of equities. This is one of the more volatile risk profiles in its value peer group, and drawdowns can be deep.
It trades thinly next to the household-name value ETFs, so spreads deserve attention and limit orders earn their keep.
Membership resets on the index's schedule, not a manager's judgment. Names move between value and growth at reconstitution.lseg.com

Full IUSV profile⁠

Full VTWV profile⁠

IUSV vs VTWV Holdings

How IUSV and VTWV differ

Overlap by weight

0.7%

Shared holdings make up 14.9% of VTWV and 0.7% of IUSV.

Level by level

Holdings50 in both0.7%
Sector11 Sectors78.2%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in IUSV and VTWV, widest gap first
Sector	More in IUSVMore in VTWV	IUSV	VTWV
Technology	IUSV +13.3 points	20.2%	6.9%
Financials	VTWV +12.6 points	15.5%	28.1%
Real Estate	VTWV +7.2 points	3.3%	10.5%
Consumer Staples	IUSV +5.9 points	8.8%	2.9%
Health Care	IUSV +1.0 points	12.8%	11.8%
Utilities	VTWV +1.0 points	4.0%	5.0%
Consumer Discretionary	IUSV +0.9 points	9.9%	9.0%
Industrials	VTWV +0.8 points	11.2%	12.0%
Energy	IUSV +0.7 points	8.2%	7.5%
Materials	VTWV +0.3 points	3.5%	3.8%
Communication	Same weight	2.4%	2.4%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and VTWV, widest gap first
Country	More in IUSVMore in VTWV	IUSV	VTWV
United States	VTWV +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%
VTWV5.9%

Securities held

IUSV731
VTWV1,433

Asset class

IUSV: Equity
VTWV: Equity

Holdings

Only in IUSV681
In both50
Only in VTWV1,383

Only in IUSV

681 securities, 99.1% 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 VTWV

1,383 securities, 85.3% of VTWV by weight

SLBBH11420.96%
Viasat Inc0.61%
CareTrust REIT Inc0.60%
Jackson Financial Inc0.58%
SM Energy Co0.53%
Terreno Realty Corp0.47%
Matson Inc0.45%
Macerich Co/The0.44%
SSR Mining Inc0.44%
Iovance Biotherapeutics Inc0.40%
Life Time Group Holdings Inc0.40%
GRAIL Inc0.39%
Essential Properties Realty Trust Inc0.39%
JBT Marel Corp0.38%
Atlantic Union Bankshares Corp0.37%
Lumen Technologies Inc0.37%
Ormat Technologies Inc0.36%
Transocean Ltd0.35%
Ameris Bancorp0.35%
Arcosa Inc0.34%
Sabra Health Care REIT Inc0.34%
Phillips Edison & Co Inc0.33%
Insight Enterprises Inc0.32%
Garrett Motion Inc0.32%
Golar LNG Ltd0.32%
Merit Medical Systems Inc0.32%
International Seaways Inc0.31%
HA Sustainable Infrastructure Capital Inc0.31%
Eastern Bankshares Inc0.31%
Vishay Intertechnology Inc0.31%
Brookfield Infrastructure Corp0.30%
Fulton Financial Corp0.30%
MARA Holdings Inc0.30%
VSE Corp0.30%
Integer Holdings Corp0.29%
CRISPR Therapeutics AG0.29%
Hut 8 Corp0.28%
Axos Financial Inc0.28%
Radian Group Inc0.28%
Patterson-UTI Energy Inc0.28%
Meritage Homes Corp0.28%
United Community Banks Inc/GA0.28%
WSFS Financial Corp0.27%
Signet Jewelers Ltd0.27%
ICU Medical Inc0.27%
California Resources Corp0.27%
Cathay General Bancorp0.26%
GEO Group Inc/The0.26%
SkyWest Inc0.26%
Bread Financial Holdings Inc0.26%

Weight gaps

All 50 Holdings in both funds, largest gap first.

Holding weights in IUSV and VTWV, widest gap first
Holding	More in IUSVMore in VTWV	IUSV	VTWV
Umb FinancialUMBF	VTWV +0.57 points	0.03%	0.60%
CytokineticsCYTK	VTWV +0.53 points	0.01%	0.54%
Pbf Energy Class APBF	VTWV +0.49 points	0.02%	0.51%
Old National BancorpONB	VTWV +0.49 points	0.03%	0.52%
Txnm Energy IncTXNM	VTWV +0.43 points	0.01%	0.44%
United BanksharesUBSI	VTWV +0.41 points	0.02%	0.43%
TerexTEX	VTWV +0.39 points	0.02%	0.41%
Southwest Gas HoldingsSWX	VTWV +0.39 points	0.02%	0.41%
Hancock WhitneyHWC	VTWV +0.38 points	0.02%	0.40%
GatxGATX	VTWV +0.37 points	<0.01%	0.38%
Commercial MetalsCMC	VTWV +0.38 points	0.02%	0.40%
Home Bancshares IncHOMB	VTWV +0.35 points	0.02%	0.37%
Black Hills CorpBKH	VTWV +0.35 points	0.02%	0.37%
Portland General ElectricPOR	VTWV +0.34 points	0.02%	0.36%
Essent GroupESNT	VTWV +0.34 points	0.01%	0.35%
New Jersey Resources CorpNJR	VTWV +0.33 points	0.02%	0.35%
Murphy OilMUR	VTWV +0.33 points	0.02%	0.35%
Selective Insurance GroupSIGI	VTWV +0.32 points	0.02%	0.34%
Kite Realty Group Trust ReitKRG	VTWV +0.32 points	0.02%	0.34%
Cno Financial GroupCNO	VTWV +0.32 points	0.02%	0.34%
Associated BancorpASB	VTWV +0.30 points	0.02%	0.32%
Fluor CorpFLR	VTWV +0.30 points	0.02%	0.32%
Spire IncSR	VTWV +0.30 points	<0.01%	0.31%
One GasOGS	VTWV +0.29 points	0.01%	0.31%
Valley NationalVLY	VTWV +0.29 points	0.02%	0.31%
Cnx ResourcesCNX	VTWV +0.28 points	0.02%	0.30%
Glacier Bancorp IncGBCI	VTWV +0.29 points	0.02%	0.31%
Ufp IndustriesUFPI	VTWV +0.29 points	0.01%	0.30%
Northwestern Energy GroupNWE	VTWV +0.28 points	<0.01%	0.29%
Cabot CorpCBT	VTWV +0.26 points	0.01%	0.27%
Copt Defense PropertiesCDP	VTWV +0.25 points	<0.01%	0.26%
Avient CorpAVNT	VTWV +0.24 points	0.01%	0.25%
Flagstar Bank National AssociationFLG	VTWV +0.24 points	<0.01%	0.25%
Graham Holdings Company Class BGHC	VTWV +0.23 points	<0.01%	0.24%
Texas Capital BancsharesTCBI	VTWV +0.23 points	<0.01%	0.24%
SynapticsSYNA	VTWV +0.24 points	0.01%	0.25%
International Bancshares CorpIBOC	VTWV +0.22 points	<0.01%	0.23%
Independence RealtyIRT	VTWV +0.23 points	0.01%	0.24%
AshlandASH	VTWV +0.20 points	0.01%	0.21%
Park Hotels Resorts IncPK	VTWV +0.19 points	0.01%	0.20%
Kb HomeKBH	VTWV +0.18 points	<0.01%	0.19%
MaximusMMS	VTWV +0.16 points	<0.01%	0.17%
Harley DavidsonHOG	VTWV +0.16 points	0.01%	0.17%
Crane NxtCXT	VTWV +0.16 points	<0.01%	0.16%
VisteonVC	VTWV +0.15 points	<0.01%	0.16%
First Financial Bankshares IncFFIN	VTWV +0.14 points	<0.01%	0.15%
Greif Inc Class AGEF	VTWV +0.12 points	<0.01%	0.13%
Dentsply SironaXRAY	VTWV +0.11 points	<0.01%	0.12%
Haemonetics CorpHAE	VTWV +0.01 points	<0.01%	0.02%
MarzettiMZTI	VTWV +0.01 points	<0.01%	0.01%

All 732 IUSV holdings⁠All 1,437 VTWV 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 VTWV Cost

Overpaying VTWV vs IUSV

$421

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

IUSV 0.04%
$849
VTWV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
VTWV 0.06%
Overpaying

Year by year

Year	IUSV	VTWV	Overpaying
10	$73	$110	$37
20	$288	$432	$144
30	$849	$1,270	$421

Expense ratio

0.04%IUSV, cheaper
0.06%VTWV

IUSV0.04%VTWV0.06%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

VTWV 7th cheapest of 40 funds

IUSV vs VTWV Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IUSV 1.63%; VTWV 1.68%, better
Payout (12M): IUSV $1.89; VTWV $3.20
Last payment: IUSV $0.49; VTWV $1.02
Ex-dividend: IUSV Sep 15, 2026; VTWV Sep 23, 2026
Paid on: IUSV Sep 18, 2026; VTWV Sep 25, 2026
Frequency: IUSV Quarterly; VTWV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

VTWVQuarterly · 39 paymentsAll VTWV payments⁠

IUSV vs VTWV Risk

Fall from peak · 5 years

IUSV
VTWV

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%, betterVTWV 18.4%
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15, betterVTWV 0.90
Worst fallMax drawdown, 5 years: IUSV −17.9%, betterVTWV −26.7%
Market sensitivityBeta, 5 years: IUSV 0.85VTWV 1.06; Market = 1

IUSV and VTWV 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

Popular comparisons

IUSVAvsSCHVA
iShares Core S&P U.S. Value ETF · Schwab U.S. Large-Cap Value ETF
Expense ratio
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VTWVBvsSCHVA
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VTWVBvsIWDA
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IUSV vs VTWV

In short

Stated mandate

Why people hold it

Worth knowing

How IUSV and VTWV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in VTWV

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 VTWV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IUSV

Only in VTWV

Weight gaps