Data as of Oct 28, 2026.
IWC vs VLUE: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWC returned +16.5% to VLUE's +54.7%; 0% of their weight is in the same names.
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Net assets: $1.2bn on Oct 27, 2026 for iShares Micro-Cap ETF, and $9.4bn on Oct 28, 2026 for iShares MSCI USA Value Factor ETF.
Pair scorecard
VLUE costs 0.45 points a year less; their one-year returns differ by 38.2 points; VLUE is 7.8 times larger.
| Measure | IWC | VLUE |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.5% | +54.7% |
| Drawdown | ||
| Below its high | 9.5%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Russell Microcap Index | MSCI USA Enhanced Value Index |
| Cost and size | ||
| Expense ratio | 0.60% | 0.15% |
| Net assets, as of Oct 27, 2026 | $1.2bn | $9.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 5.9% | 42.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 26, 2013 to Oct 23, 2026 · 704 weekly returnsEach against its own benchmark: IWC against IWV, Aug 26, 2005 to Oct 23, 2026; VLUE against MLRG, Apr 26, 2013 to Oct 23, 2026.
VLUE returned more: +429.0% to +256.0%. VLUE swung less: 18.3% to 22.6%. VLUE fell less at its worst: −37.5% to −45.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IWC | VLUE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +256.0% | +429.0% | VLUE | Price change plus distributions, reinvested. |
| Annualized | +9.8% | +13.1% | VLUE | Total return as a yearly rate. |
| Price return | +204.4% | +280.4% | VLUE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.6% | 18.3% | VLUE | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.6% | 12.7% | VLUE | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −45.2% | −37.5% | VLUE | Deepest fall from a high to the low after it. |
| Upside capture | 118.0% | 96.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 111.7% | 98.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.16 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.76 | 0.79 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.45 | 0.66 | VLUE | Return above Treasury bills per unit of volatility. |
| Sortino | 0.64 | 0.95 | VLUE | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.070 | 0.121 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.22 | 0.35 | VLUE | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWV | MLRG | The ETF each fund is measured against. | |
| Alpha | −3.6% a year | −0.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.41 | −0.07 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −8.5% to +1.4% | −4.7% to +4.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.16 | −0.01 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 12.0% | 8.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 704 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWC and VLUE hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
IWC and VLUE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWC and VLUE do different jobs. What does each one do in a portfolio?
- What each follows. IWC follows Russell Microcap Index and VLUE follows MSCI USA Enhanced Value Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IWC returned +16.5% and VLUE +54.7% with distributions reinvested, a gap of 38.2 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
IWC tracks the Russell Microcap. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,365 positions, with the top ten at 5.9%. It sat 9.5% below its high of Aug 14, 2026 on Oct 28, 2026.
VLUE
VLUE tracks the MSCI USA Value Factor. Over the year to Oct 28, 2026 it returned +54.7% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 148 positions, with the top ten at 42.8%.
Questions people ask
- Which returned more over the last year, IWC or VLUE?
- In the year to Oct 28, 2026, with distributions reinvested, IWC returned +16.5% and VLUE +54.7%.
- Which is cheaper, IWC or VLUE?
- VLUE is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IWC against VLUE, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwc-vs-vlue
ETFIQ. (Oct 28, 2026). IWC against VLUE. Retrieved from https://etfiq.com/compare/any/iwc-vs-vlue
[IWC against VLUE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwc-vs-vlue)
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