ILCVvsUSMVETF Comparison
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iShares Morningstar Value ETF (ILCV) belongs to the US Large Cap Value segment. iShares MSCI USA Min Vol Factor ETF (USMV) is part of the US Low Volatility segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. ILCV is less expensive with a Total Expense Ratio (TER) of 0.04%, versus 0.15% for USMV. ILCV is up 14% year-to-date (YTD) with +$5M in YTD flows. USMV performs worse with 5.67% YTD performance, and -$225M in YTD flows. Run a side-by-side ETF comparison of ILCV and USMV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ILCV vs USMV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ILCV USMV | -0.53%-1.57% | +4.50%+3.03% | +14.00%+5.67% | +21.55%+7.34% | +68.38%+38.63% | +81.63%+40.17% |
| Flows | ILCV USMV | --$71M | +$5M-$4M | +$5M-$225M | +$18M-$913M | +$10M-$11.81B | +$54M-$10.91B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ILCV USMV | +9.61%+9.19% | +10.13%+8.41% | +12.47%+10.16% | +14.33%+12.24% |
| Max drawdown | ILCV USMV | -2.48%-3.09% | -6.57%-6.41% | -15.16%-9.29% | -18.56%-17.91% |
| Max drawdown duration | ILCV USMV | 13d20d | 67d122d | 132d75d | 561d713d |
Trading data
ILCV | USMV | |
Last sale 9/17/2026 at 1:30 PM | $107.11 | $98.84 |
| Previous close 09/16/2026 | $106.37 | $98.49 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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ILCV | USMV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 1:30 PM
Live
Closed
ILCV | USMV | |
|---|---|---|
| Last price | $107.11 | $98.84 |
| 1D performance | +0.70% | +0.36% |
| AuM | $1.33 B | $23.60 B |
| E/R | 0.04% | 0.15% |
Characteristics
ILCV | USMV | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | iShares |
| Benchmark | Morningstar US Large-Mid Cap Broad Value Index | MSCI USA Minimum Volatility Index |
| N° of holdings | 369 | 166 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 28, 2004 | October 18, 2011 |
| ESG | No | No |
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Exposure
Countries
ILCV
USA
97.05%
Other
2.95%
USMV
USA
93.3%
Other
6.7%
Sectors
ILCV
Technology
29.29%
Finance
20.61%
Healthcare
12.33%
Consumer Non-Cycl.
11.17%
Other
26.6%
USMV
Technology
29.56%
Finance
14.48%
Healthcare
13.48%
Consumer Non-Cycl.
11.02%
Other
31.45%
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Diversification
ILCV
Total weight of top 15 holdings out of 15
40.21%
USMV
Total weight of top 15 holdings out of 15
21.95%
Top 15 holdings
Data as of July 31, 2026
ILCV
Microsoft Corp.
7.48%
Apple, Inc.
7.24%
Amazon.com, Inc.
3.08%
Berkshire Hathaway, Inc.
2.80%
JPMorgan Chase & Co.
2.80%
Alphabet, Inc.
2.49%
Meta Platforms, Inc.
2.22%
Alphabet, Inc.
2.01%
ExxonMobil Holdings Corp.
1.93%
Johnson & Johnson
1.82%
AbbVie, Inc.
1.35%
Cisco Systems, Inc.
1.33%
Micron Technology, Inc.
1.32%
Bank of America Corp.
1.20%
UnitedHealth Group, Inc.
1.13%
USMV
Welltower, Inc.
1.57%
Microsoft Corp.
1.57%
Amphenol Corp.
1.57%
Chubb Ltd.
1.54%
Johnson & Johnson
1.54%
Vertex Pharmaceuticals, Inc.
1.47%
Berkshire Hathaway, Inc.
1.47%
Duke Energy Corp.
1.46%
The Southern Co.
1.44%
Cisco Systems, Inc.
1.43%
ExxonMobil Holdings Corp.
1.41%
Waste Management, Inc.
1.38%
Verizon Communications, Inc.
1.38%
Motorola Solutions, Inc.
1.37%
Merck & Co., Inc.
1.34%
Frequently asked questions about ILCV and USMV
How have the ILCV and USMV ETFs performed in 2026?
As of September 16, 2026, ILCV is up 14% year-to-date (YTD), while USMV has returned 5.67%. That puts ILCV better performer ahead so far this year.
Which ETF is attracting more investor money: ILCV or USMV?
Year-to-date, the ILCV ETF saw +$5M in flows, compared to -$225M for USMV.
Which ETF is more volatile: ILCV or USMV?
Over the past year, ILCV had a volatility of 10.13%, while USMV experienced 8.41%.
Which ETF is bigger: ILCV or USMV?
As of September 16, 2026, ILCV holds $1.33 B in assets under management (AUM), while USMV manages $23.60 B.
What sectors do the ILCV and USMV ETFs invest in?
ILCV leans toward sectors like Technology, Finance and Healthcare. Meanwhile, USMV focuses on Technology, Finance and Healthcare.
What are the top holdings of the ILCV ETF and USMV ETF?
ILCV top holdings include Microsoft Corp., Apple, Inc. and Amazon.com, Inc.. USMV holds in its top three: Welltower, Inc., Microsoft Corp. and Amphenol Corp..
Which ETF is more diversified: ILCV or USMV?
ILCV holds 375 securities with 40.21% of its assets in the top 15. USMV has 166 securities and a top 15 weight of 21.95%.
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