ISCV ETF: What Kind of Product Is It? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
The iShares Morningstar Small-Cap Value ETF is a passive product that diversifies across US small-cap value stocks, offering small-cap value exposure at a low fee. The expense ratio, volatility and growth outlook are the key points to check, comparison with other small-cap value ETFs is the main selection criterion, and the trading ticker is ISCV.
SubscribeWhat Is the iShares Morningstar Small-Cap Value ETF?
This is a passive ETF that tracks an index of US small-cap companies whose value characteristics rank above average under Morningstar's classification method. It diversifies broadly across the small-cap value segment.
It suits value-oriented investors who want diversified exposure to small-cap value stocks at a low fee and are willing to accept small-cap volatility.
It is an ETF managed by iShares using a passive (index-tracking) approach.
How Does the iShares Morningstar Small-Cap Value ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | Morningstar Small Value Index |
| Management Style | Passive (index tracking) |
| Rebalancing Frequency | Regular (per index rules) |
| Dividend Frequency | Quarterly |
| Total Expense Ratio | 0.06% |
The fund tracks, on a market-cap-weighted basis, an index that selects US small-cap stocks whose value characteristics rank above average under Morningstar's classification method. With a large number of holdings, each individual position carries a low weight, giving a diversified structure with broad exposure to the small-cap value segment.
- Small-cap value selection based on Morningstar classification
- Diversification across small-cap value at a low fee
iShares Morningstar Small-Cap Value ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $702.0M, and the total expense ratio is 0.06% per year.
Unlike market-cap-weighted small-cap ETFs, this fund leans toward the value style, so performance can diverge between periods when small-cap value stocks lead and periods when small-cap growth stocks lead.
iShares Morningstar Small-Cap Value ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeSmall-cap value stocks react sensitively to the economy, risk appetite and rotation between value and growth styles. They can show relative strength during economic recoveries or periods of preference for value stocks, but may lag during growth-led small-cap rallies or economic slowdowns.
Money tends to flow into small-cap value ETFs when risk appetite and demand for small-cap value stocks rise, while inflows can slow relatively in markets led by small-cap growth stocks.
iShares Morningstar Small-Cap Value ETF Strengths and Weaknesses
Its strength is diversification across small-cap value stocks at a low fee, while volatility and style concentration are its weaknesses.
💪 Key Strengths
⚠️ Points to Watch
iShares Morningstar Small-Cap Value ETF Alternative ETFs and Related Products
Among the funds shown in the table, VTV, IWD and IVE are ETFs focused on large-cap value, while VBR and SPYV are small-cap value or S&P 500 value variants. For more small-cap value exposure, you can also compare IJS (S&P 600 small-cap value), SLYV (small-cap value) and AVUV, which concentrates on small-cap value. These funds differ in their selection methods and fees, so it is best to choose according to your investment style.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VTV | Vanguard Morningstar Value ETF | $227.68 | +0.1% | $195.8B | 0.03% | 1.83% | +21.8% |
 IWD | iShares Russell 1000 Value Index Fund | $262.64 | +0.0% | $84.6B | 0.18% | 1.34% | +27.6% |
 IVE | iShares S&P 500 Value ETF | $240.60 | +0.1% | $51.3B | 0.18% | 1.5% | +14.9% |
 SPYV | State Street SPDR Portfolio S&P 500 Value ETF | $64.43 | +0.1% | $38.7B | 0.04% | 1.64% | +14.8% |
 VBR | Vanguard Morningstar Small-Cap Value ETF | $247.86 | -0.2% | $37.8B | 0.05% | 1.78% | +19.4% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 CF | CF Industries Holdings Inc | 0.01% | $122.36 | +2.6% | $17.9B | 8.6 | 1.78% |
 OVV | Ovintiv Inc | 0.01% | $61.60 | +1.8% | $16.6B | 12.3 | 1.96% |
 SNX | TD Synnex Corp | 0.01% | $232.50 | +1.8% | $18.5B | 14.2 | 0.83% |
 VTRS | Viatris Inc | 0.01% | $20.85 | +1.8% | $23.9B | - | 2.42% |
 AA | Alcoa Corp | 0.01% | $39.98 | -4.4% | $10.6B | 6.9 | 1% |
 HST | Host Hotels & Resorts Inc | 0.01% | $25.93 | +2.6% | $17.8B | 19.1 | 6.11% |
 BBY | Best Buy Co Inc | 0.01% | $104.10 | -2.0% | $21.8B | 17.3 | 3.73% |
 NLY | Annaly Capital Management Inc | 0.01% | $18.72 | -1.2% | $14.7B | 13.2 | 15.76% |
 JLL | Jones Lang Lasalle Inc | 0.01% | $374.37 | -1.5% | $17.1B | 16.2 | - |
| MRNA | Moderna Inc | 0.01% | $250.83 | -6.8% | $101.5B | - | - |
iShares Morningstar Small-Cap Value ETF Investor Checkpoints
These are the points to review before investing in ISCV. As a small-cap value ETF, it is important to check volatility, style concentration, economic sensitivity and fee level in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Confirm the low fee typical of a passive ETF | On the low side |
| 📉 Volatility | Confirm the large swings typical of small caps | On the high side |
| 📊 Style | Confirm the concentration in the value style | Value tilt |
| 🔄 Economic Sensitivity | Performance swings across the economic cycle | Sensitive |
As small-cap stocks, the holdings are more volatile than large caps, and because the fund leans toward the value style, it may lag in markets led by small-cap growth stocks. You should also consider that losses can widen during economic slowdowns or risk-off periods.
This is a passive ETF suited to value-oriented investors who want diversified exposure to small-cap value stocks at a low fee. If you want to focus on large-cap value, a large-cap value ETF may be the better choice, and if you want small-cap value diversification, ISCV can be an alternative.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 4, 2026.
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