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FXO vs ILCV: how they differ

FXO and ILCV hold 8% of their weight in the same names, and ILCV returned +22.0% over the year. First Trust Financials AlphaDEX Fund and iShares Morningstar Value ETF.

ILCV costs 0.56 points a year less; their one-year returns differ by 14.1 points; ILCV is 1.3 times larger.

FXOILCV
Expense ratio0.60%0.04%
Net assets$1.0bn$1.4bn
Total return, 1 year+7.9%+22.0%
Holdings in common8%
Nasdaq-100, total return, 1 year+23.6%
Top ten holdings, share of the fund17.1%35.8%
Below its high7.1%, high on Sep 3, 2026

Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.

+7.9%
FXO total return, 1 year
+22.0%
ILCV total return, 1 year
0.60%
FXO expense ratio
0.04%
ILCV expense ratio

What they hold in common

By the books each fund has filed, FXO and ILCV hold 8% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026 and Oct 9, 2026.

half

8% in common

Positions both hold, largest shared weight first
Holding FXO ILCV
Berkshire Hathaway Inc. (Class B) 1.69% 2.75%
Wells Fargo & Company 0.65% 0.72%
Citigroup Inc. 0.93% 0.63%
Bank of America Corporation 0.62% 1.01%
The Progressive Corporation 1.30% 0.37%
Chubb Limited 0.98% 0.35%
The Charles Schwab Corporation 0.31% 0.30%
The PNC Financial Services Group, Inc. 0.61% 0.26%
U.S. Bancorp 0.61% 0.26%
S&P Global Inc. 0.32% 0.24%
The Travelers Companies, Inc. 1.28% 0.23%
Truist Financial Corporation 1.24% 0.16%
Only in FXO
Chime Financial, Inc. (Class A) 1.84%
MGIC Investment Corporation 1.73%
RenaissanceRe Holdings Ltd. 1.70%
Assured Guaranty Ltd. 1.68%
Axis Capital Holdings Limited 1.67%
Old Republic International Corporation 1.67%
White Mountains Insurance Group Ltd. 1.67%
Everest Group, Ltd. 1.64%
Only in ILCV
MICROSOFT 8.53%
APPLE 7.23%
AMAZON.COM INC 3.29%
META PLATFORMS CLASS A 2.95%
JPMORGAN CHASE & CO 2.57%
ALPHABET CLASS A 2.56%
ALPHABET CLASS C 2.06%
EXXONMOBIL HOLDINGS CORP 2.02%

Check overlap with more funds →

On the same fields

FXO
First Trust Financials AlphaDEX Fund
ILCV
iShares Morningstar Value ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust iShares
What it is Tracks an index Tracks an index
Total return, 1 year +7.9% +22.0%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −9.3 pts +4.8 pts
Expense ratio 0.60% 0.04%
Already in the S&P 500 40.9% 96.0%
Holdings 105 374
Net assets $1.0bn $1.4bn

FXO and ILCV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

FXO in plain words

FXO tracks an index. Over the year to Oct 9, 2026 it returned +7.9% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 9, 2026, 41% of the fund by weight is stocks the S&P 500 also holds, across 105 positions, with the top ten at 17.1%. It sat 7.1% below its high of Sep 3, 2026 on Oct 9, 2026.

ILCV in plain words

ILCV tracks an index. Over the year to Oct 9, 2026 it returned +22.0% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer for Oct 8, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 374 positions, with the top ten at 35.8%.

Questions people ask

Which returned more over the last year, FXO or ILCV?
In the year to Oct 9, 2026, with distributions reinvested, FXO returned +7.9% and ILCV +22.0%.
Which is cheaper, FXO or ILCV?
ILCV is cheaper, by 0.56 percentage points a year. On $10,000 held for a year that difference is about $56. Fees come from each fund's prospectus.
How much do FXO and ILCV overlap with the S&P 500?
By their latest filed holdings, 41% of FXO and 96% of ILCV by weight is stocks the S&P 500 already holds.
Other comparisons
FXO vs SDOGFXO vs RWKFXO vs SMIGFXO vs RSPAILCV vs PEYFTXR vs ILCVILCV vs VFMFILCV vs IMCV
FXO on its own →ILCV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FXO filings on SEC EDGAR ↗FXO prospectus with the expense ratio (SEC) ↗First Trust page for FXO ↗ILCV filings on SEC EDGAR ↗ILCV prospectus with the expense ratio (SEC) ↗iShares page for ILCV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Cite this page

ETFIQ, FXO against ILCV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fxo-vs-ilcv

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.