IMCV vs IVV
iShares Morningstar Mid-Cap Value ETF vs iShares Core S&P 500 ETF
Which is better, IMCV or IVV?
Mid Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IMCV led over 1Y, IVV over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. IMCV is less concentrated, with 12.5% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IMCV | IVV |
|---|---|---|
| Expense Ratio | 0.06% | 0.03%Best |
| AUM | $1.2B | $876.4B |
| Dividend Yield | 1.78% | 1.06% |
| Holdings | 275 | 508 |
| YTD Return | +16.95%Best | +12.51% |
| 1Y Return | +21.77%Best | +17.57% |
| 3Y Return (annualized) | +17.87% | +21.27%Best |
| 5Y Return (annualized) | +10.81% | +12.95%Best |
| Volatility (annualized) | 17.6% | 14.7%Best |
| Max Drawdown | -66.5% | -56.5%Best |
| $10,000 over 5 years | $16,707 | $18,384Best |
| Top 10 Weight | 12.5%Best | 37.9% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jun 28, 2004 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jul 2, 2004 to Sep 11, 2026 (22.2 years).
IMCV vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 22.2 years both funds cover.
IMCV vs IVV Performance
iShares Morningstar Mid-Cap Value ETF (IMCV) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year IMCV returned +21.77% while IVV returned +17.57%. Year to date, IMCV is up 16.95% versus a gain of 12.51% for IVV.
Over three years, IMCV compounded at +17.87% per year against +21.27% for IVV; over five years the annualized figures are +10.81% and +12.95% respectively. Across the full 22-year window we track, IVV has the edge at +9.40% annualized vs +7.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IMCV has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 14.7% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -66.5% for IMCV and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IMCV charges 0.06% per year while IVV charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, IMCV currently yields 1.78% against 1.06% for IVV.
Holdings Overlap
90.2% of IMCV's money is in holdings IVV also owns. 13.7% of IVV's money is in holdings IMCV also owns.
Most of IMCV is already inside IVV. Owning both mostly buys the same companies twice.
225 positions in common, counted across the 270 positions we hold weights for in IMCV and 505 in IVV, against full books of 275 and 508.
What only one of them owns
Our book lists 274 positions for IVV that do not appear in our book for IMCV (85.9% of the fund), and 37 for IMCV that do not appear in IVV (7.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IMCV | Weight in IVV | Difference |
|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 1.50% | 0.16% | 1.34% |
| PNCPnc Financial Services Group Inc. | 1.43% | 0.15% | 1.28% |
| USBUS Bancorp | 1.38% | 0.15% | 1.23% |
| MMM3m Co. | 1.31% | 0.14% | 1.17% |
| VLOValero Energy Corp. | 1.24% | 0.13% | 1.11% |
| ELVElevance Health Inc | 1.13% | 0.13% | 1.00% |
| PSXPhillips 66 | 1.13% | 0.12% | 1.01% |
| MDLZMondelez International Inc. Class A | 1.12% | 0.12% | 1.00% |
| TRVTravelers Cos., Inc. | 1.12% | 0.12% | 1.00% |
| GMGeneral Motors Co. | 1.11% | 0.12% | 0.99% |
90.2% of IMCV is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IMCV or IVV?
IMCV has an expense ratio of 0.06% while IVV charges 0.03%. IVV is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, IMCV or IVV?
Over the past year IMCV returned +21.77% vs +17.57% for IVV, so IMCV leads on 1-year performance. Over the longest common window we track (22 years), IMCV annualized +7.94% vs +9.40% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IMCV or IVV?
IMCV has been the more volatile fund at 17.6% annualized versus 14.7% for IVV. Worst drawdown: IMCV -66.5% vs IVV -56.5%.
Should I hold both IMCV and IVV?
IMCV and IVV have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IMCV and IVV?
90.2% of IMCV's money is in holdings IVV also owns. 13.7% of IVV's is in holdings IMCV also owns. They hold 225 positions in common, counted across the 270 positions we hold weights for in IMCV and 505 in IVV.
Which pays a higher dividend, IMCV or IVV?
IMCV yields 1.78% while IVV yields 1.06%, so IMCV currently pays the higher dividend yield.
Is IVV better than IMCV?
IVV has a lower expense ratio. IMCV led over 1Y, IVV over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. IMCV is less concentrated, with 12.5% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.