NSIV vs SEIV: Grades, Fees and Holdings Compared

North Square Disciplined Value ETF

NSIVBNYSE Arca

SEI QiM U.S. Large Cap Value Active ETF

SEIVACboe

Overlap

27.2%by weight

Expense ratio

SEIV −0.23pt a year

NSIV0.38%SEIV0.15%

Avg volume · 30D

SEIV 2.8×the volume

NSIV49.4KSEIV141K

NSIV vs SEIV Performance

Aug 5, 2026 – Nov 5, 2026

−1.8%NSIV−3.3%SEIV

Expense ratio: NSIV 0.38%; SEIV 0.15%, better
Fund size: NSIV $75M; SEIV $1.59B
1Y total return: NSIV No data; SEIV +24.4%
Yield (12M): NSIV No data; SEIV 1.61%
Holdings: NSIV 55; SEIV 123
Avg volume (30D): NSIV 49.4K sh; SEIV 141K sh, better
NAV per share: NSIV $26.44; SEIV $48.54
52W range

ETF.net Grade

Pillar letters and Scores for NSIV, SEIV, with each pillar’s weight
Pillar	NSIV	SEIV
Cost30% weight	A75	A98Higher
Mission25% weight	Not scored	A82
Risk15% weight	A75Higher	B64
Tradability15% weight	A74	A83Higher
Holdings10% weight	B57	A76Higher
Durability5% weight	F19	A75Higher

Rank among US Active Value funds

How we build Categories ›

Same Category. NSIV and SEIV are both graded against the same 64 US Active Value funds, so their Grades compare head to head.

US Active Value⁠

Category · 64 funds

See all 64 ›

SEIV ranks 4th and NSIV 12th of 64 funds in the US Active Value Category.

Rank 1AAVLVAvantis U.S. Large Cap Value ETFScore 86
Rank 1AWTVWisdomTree U.S. Value FundScore 86
Rank 3ADFLVDimensional US Large Cap Value ETFScore 85
Rank 4ASEIVSEI QiM U.S. Large Cap Value Active ETFScore 83
Rank 5AAVMVAvantis U.S. Mid Cap Value ETFScore 78
Rank 10BBVALBluemonte Large Cap Value ETFScore 69
Rank 12BNSIVNorth Square Disciplined Value ETFScore 68
Rank 13BVUSVVanguard Wellington U.S. Value Active ETFScore 67

Our read on each fund

ETF.net Research

NSIVBNorth Square Disciplined Value ETF

SEIVASEI QiM U.S. Large Cap Value Active ETF

In short

NSIV No data

SEIV Active quant value stock-picking at an index-fund price. SEIV screens U.S. large caps for cheap valuations plus quality, momentum and low volatility, then runs a concentrated book of roughly 80 names for 0.15% a year.

Stated mandate

NSIV No data

SEIV The Fund seeks long-term capital appreciation through primarily U.S. common stocks priced below fundamental valuation measures, using a quantitative, active stock-selection approach.

Why people hold it

NSIV No data

SEIV 0.15% a year for genuine active selection, against a 0.55% median in its U.S. value peer group. It matches the cheapest large-value quant funds rather than charging active prices.
Value is not the only screen. The model also weighs quality, momentum and low volatility, which is how a cheap-stock strategy tries to avoid the cheap-for-a-reason trap.
Other funds measured against the S&P 500 in this cohort charge far more (LSVD 0.40%, GSPY 0.50%, VNSE 1.34%). SEIV runs its version at 0.15%.
Sits among the strongest implementations in a crowded U.S. value field, and trades with enough regular activity to be workable for ordinary retail order sizes.

Worth knowing

NSIV No data

SEIV About 80 stocks measured against a 500-name benchmark. That concentration means stretches where it looks nothing like the S&P 500, in either direction.
Launched in 2022, so the live record is short, and the asset base is mid-sized rather than among the giants of the value aisle.
You get the factor recipe, not the trade-by-trade logic: selection sits inside a quantitative model. Distributions land quarterly, not monthly.

Full NSIV profile⁠

Full SEIV profile⁠

NSIV vs SEIV Holdings

How NSIV and SEIV differ

Overlap by weight

27.2%

Shared holdings make up 40.9% of NSIV and 33.6% of SEIV.

Level by level

Holdings22 in both27.2%
Sector11 Sectors78.0%
Countryby domicile95.6%
Asset classStocks100%

Sector

Sector weights in NSIV and SEIV, widest gap first
Sector	Gap	NSIV	SEIV
Technology	SEIV +10.6 points	20.5%	31.1%
Industrials	NSIV +4.7 points	8.8%	4.1%
Consumer Staples	NSIV +4.7 points	6.7%	2.0%
Energy	NSIV +4.5 points	8.8%	4.3%
Utilities	SEIV +4.1 points	2.5%	6.6%
Consumer Discretionary	SEIV +3.8 points	6.4%	10.2%
Communication	SEIV +3.6 points	6.8%	10.4%
Financials	NSIV +2.8 points	20.3%	17.5%
Real Estate	NSIV +2.4 points	2.7%	0.3%
Health Care	NSIV +1.6 points	14.0%	12.4%
Materials	NSIV +1.2 points	2.3%	1.1%

Country, concentration and asset class

Country by domicile

Country weights in NSIV and SEIV, widest gap first
Country	Gap	NSIV	SEIV
United Kingdom	NSIV +4.4 points	4.4%	0.0%
United States	SEIV +2.9 points	95.6%	98.5%
Mexico	SEIV +1.1 points	0.0%	1.1%
Brazil	SEIV +0.4 points	0.0%	0.4%

Concentration

Weight in the 10 largest Holdings

NSIV31.9%
SEIV25.4%

Securities held

NSIV55
SEIV122

Asset class

NSIV: Stocks
SEIV: Stocks

Holdings

Only in NSIV33
In both22
Only in SEIV100

Only in NSIV

33 securities, 59.1% of NSIV by weight

US Bancorp3.36%
Altria Group, Inc.2.93%
Hartford Insurance Group, Inc. (The)2.90%
AbbVie, Inc.2.89%
Shell plc2.84%
Bbh Sweep Vehicle2.82%
JPMorgan Chase & Company2.58%
Goldman Sachs Group, Inc. (The)2.44%
Cigna Group (The)2.38%
General Dynamics Corporation2.36%
Ameriprise Financial, Inc.2.33%
EOG Resources, Inc.2.18%
Cummins, Inc.2.01%
SS&C Technologies Holdings, Inc.1.98%
Simon Property Group, Inc.1.84%
Chevron Corporation1.78%
Salesforce, Inc.1.66%
Elevance Health, Inc.1.62%
Regeneron Pharmaceuticals, Inc.1.62%
Dollar General Corporation1.56%
Coca-Cola Europacific Partners plc1.45%
NXP Semiconductors N.V.1.37%
Nucor Corporation1.35%
MetLife, Inc.1.29%
Bank of New York Mellon Corporation (The)1.21%
United Rentals, Inc.1.17%
Tapestry, Inc.0.98%
Valero Energy Corporation0.94%
Intuit, Inc.0.93%
VICI Properties, Inc.0.88%
Caterpillar, Inc.0.77%
CF Industries Holdings, Inc.0.58%
Receivables/Payables0.06%

Only in SEIV

100 securities, 65.9% of SEIV by weight

Cardinal Health Inc2.62%
Prudential Financial Inc2.24%
Hp Inc1.90%
Adobe Inc1.87%
AT&T Inc1.68%
Cvs Health Corp1.67%
Ford Motor Co1.60%
United Airlines Holdings Inc1.56%
Tenet Healthcare Corp1.44%
Expand Energy Corp1.42%
Cognizant Tech Solutions-A1.38%
Qualcomm Inc1.33%
Hewlett Packard Enterprise1.29%
Mckesson Corp1.28%
Everest Group Ltd1.22%
Gen Digital Inc1.16%
Reinsurance Group of America1.16%
Expedia Group Inc1.06%
Renaissancere Holdings Ltd1.01%
Carnival Corp Ltd0.98%
Apa Corp0.98%
Comcast Corp-Class A0.96%
Ovintiv Inc0.91%
Flex Ltd0.89%
Viatris Inc0.88%
Crown Holdings Inc0.88%
Skyworks Solutions Inc0.87%
Unum Group0.86%
Eversource Energy0.84%
Jazz Pharmaceuticals PLC0.83%
P G & E Corp0.82%
Leidos Holdings Inc0.81%
Ally Financial Inc0.76%
Td Synnex Corp0.76%
Incyte Corp0.75%
Alcoa Corp0.74%
Regions Financial Corp0.72%
Zions Bancorp Na0.71%
Universal Health Services-B0.71%
Consolidated Edison Inc0.66%
Borgwarner Inc0.66%
Match Group Inc0.66%
Popular Inc0.66%
Affiliated Managers Group0.66%
Corebridge Financial Inc0.62%
American Airlines Group Inc0.53%
H&R Block Inc0.50%
Ugi Corp0.50%
Fox Corp - Class B0.50%
Cencora Inc0.50%

Weight gaps

All 22 Holdings in both funds, largest gap first.

Holding weights in NSIV and SEIV, widest gap first
Holding	Gap	NSIV	SEIV
Pfizer, Inc.PFE	NSIV +2.78 points	3.33%	0.55%
NVIDIA CorporationNVDA	SEIV +2.35 points	1.11%	3.46%
Microsoft CorporationMSFT	NSIV +2.34 points	4.72%	2.38%
Amazon.com, Inc.AMZN	NSIV +2.13 points	2.53%	0.40%
Micron Technology, Inc.MU	SEIV +1.29 points	0.71%	2.00%
Delta Air Lines, Inc.DAL	NSIV +1.28 points	2.06%	0.78%
Verizon Communications, Inc.VZ	NSIV +1.17 points	3.52%	2.35%
Apple, Inc.AAPL	SEIV +1.12 points	2.44%	3.56%
Bristol-Myers Squibb CompanyBMY	NSIV +0.97 points	1.79%	0.82%
Avnet, Inc.AVT	NSIV +0.70 points	1.17%	0.47%
Exelon CorporationEXC	SEIV +0.61 points	1.04%	1.65%
Citigroup, Inc.C	NSIV +0.58 points	2.62%	2.04%
Synchrony FinancialSYF	NSIV +0.53 points	2.33%	1.80%
Zoom Communications, Inc.ZM	NSIV +0.47 points	1.16%	0.69%
Fox CorporationFOXA	NSIV +0.46 points	1.31%	0.85%
Arrow Electronics, Inc.ARW	NSIV +0.31 points	1.14%	0.83%
NetApp, Inc.NTAP	SEIV +0.30 points	0.89%	1.19%
General Motors CompanyGM	SEIV +0.26 points	2.39%	2.65%
Kroger Company (The)KR	SEIV +0.25 points	0.63%	0.88%
Edison InternationalEIX	SEIV +0.16 points	1.47%	1.63%
Alphabet, Inc.GOOG	SEIV +0.04 points	2.01%	2.05%
Dell Technologies, Inc.DELL	Same weight	0.58%	0.58%

All NSIV holdings⁠All 122 SEIV 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.

NSIV vs SEIV Cost

Overpaying NSIV vs SEIV

$4,569

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

NSIV 0.38%
$7,706
SEIV 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

NSIV 0.38%
SEIV 0.15%
Overpaying

Year by year

Year	NSIV	SEIV	Overpaying
10	$688	$274	$414
20	$2,658	$1,071	$1,587
30	$7,706	$3,137	$4,569

Expense ratio

0.38%NSIV
0.15%SEIV, cheaper

SEIV0.15%NSIV0.38%

0.12%1.25%

Middle half of US Active Value funds
Median 0.55%

SEIV 2nd cheapest of 64 funds

NSIV 16th cheapest of 64 funds

NSIV vs SEIV Dividends

Last 12 months to Nov 5, 2026

Yield (12M): NSIV No data; SEIV 1.61%
Payout (12M): NSIV None; SEIV $0.78
Last payment: NSIV No data; SEIV $0.21
Ex-dividend: NSIV No data; SEIV Oct 5, 2026
Paid on: NSIV No data; SEIV Oct 6, 2026
Frequency: NSIV No data; SEIV Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

NSIVAll NSIV payments⁠

No distribution history available.

SEIVQuarterly · 18 paymentsAll SEIV payments⁠

NSIV vs SEIV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: NSIV No dataSEIV 12.1%
Return per unit of riskSharpe ratio, 3 years: NSIV No dataSEIV 1.80
Worst fallMax drawdown, 5 years: NSIV No dataSEIV −18.2%since May 2022
Market sensitivityBeta, 5 years: NSIV 0.04SEIV 0.89; Market = 1

NSIV and SEIV in the news

All news⁠

Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026SEIV
ETF Filings
Lone Peak SMID and international value ETFs dated at a 0.70% unitary fee
Sep 10, 2026NSIV

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NSIV vs SEIV

In short

Stated mandate

Why people hold it

Worth knowing

How NSIV and SEIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in NSIV

Only in SEIV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best value ETF depends on whose list you bought

Lone Peak SMID and international value ETFs dated at a 0.70% unitary fee

How NSIV and SEIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in NSIV

Only in SEIV

Weight gaps