What Is IUSV? iShares Core S&P U.S. Value ETF
Last updated September 2026
Short answer
IUSV is iShares Core S&P U.S. Value ETF, an ETF that tracks the S&P U.S. Value Index at a 0.04% expense ratio. IUSV holds the value half of the US large-cap market as S&P defines it, drawing from a slightly broader universe than the S&P 500 alone. Its holdings, fee and behaviour are so close to SPYV that treating them as substitutes is the honest reading. Both are led by Apple, both charge 0.04%, and both are better described as the less technology-heavy half of the US large-cap market than as value funds in the traditional sense.
IUSV is issued by iShares and tracks the S&P U.S. Value Index. It charges a 0.04% expense ratio, holds approximately $26.5B in assets under management, yields about 1.69%, and launched in 2000.
Why Apple leads a value fund
S&P assigns companies to its value and growth indices by score, splitting a company across both where its characteristics are mixed. Apple scores partly as value on some measures, and because its market capitalisation is so large, even a partial allocation puts it at the top of the fund at 6.9%.
This is worth understanding rather than being surprised by. In a market where the largest handful of companies represent an unusually large share of total value, any mechanical screen will keep drawing them in. A fund labelled value can still hold Apple, Amazon and Tesla, and this one does.
What it delivers in practice
Apple at 6.9%, Amazon at 3.6%, Intel at 2.1%, Exxon Mobil at 1.8%, Walmart at 1.6% and Tesla at 1.5%. Technology at 21%, financials at 15%, healthcare at 12% and consumer discretionary at 11%.
The real service is sector rebalancing. Against an S&P 500 running near 40% technology, IUSV at 21% gives you a meaningfully different exposure. The 1.69% yield reflects the tilt toward companies that distribute more of their earnings.
IUSV or SPYV
They are near-twins. Same 0.04% fee, same top holdings in the same order, same sector profile, same S&P methodology applied to slightly different universes.
There is no analytical basis for preferring one, which is a useful thing to be told plainly. Choose whichever your broker or plan offers, or whichever you can buy without realising a gain on an existing position.
IUSV holdings: top 10
Approximate weights as of August 2026. Each ticker links to its individual stock guide in Walnut.
How do I invest in IUSV?
There are three common ways to get IUSV exposure. Buy shares (or fractional shares) of IUSV directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so IUSV sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. IUSV trades like a stock during market hours, so you buy it the same way you would any listed share.
New to buying funds? See how to buy an ETF, step by step.
Is IUSV a good buy?
Whether IUSV is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks the S&P U.S. Value Index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is IUSV a buy?
The bottom line on IUSV
IUSV gives you the S&P U.S. Value Index exposure in one ticker at a 0.04% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.
More on IUSV
Whether IUSV is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is IUSV a buy?
IUSV yields 1.69% as of August 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see IUSV dividend: yield and schedule.
New to funds like IUSV? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.
Wondering how IUSV fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in IUSV with AI
Connect the broker you already use and ask Walnut's AI how IUSV fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is IUSV?
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IUSV is the iShares Core S&P U.S. Value ETF. It holds US large-cap companies that S&P scores as value, drawn from a slightly broader universe than the S&P 500. It charges 0.04%, holds about $26.5B, yields roughly 1.69%, and launched in 2000.
IUSV vs SPYV: which should I pick?
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There is no meaningful analytical difference. Both charge 0.04%, both apply S&P's value methodology, both are led by Apple, Amazon, Intel, Exxon Mobil and Walmart, and both run technology near 21%. Pick on availability in your account, or on avoiding a taxable sale of something you already hold.
Why does a value fund hold Apple and Tesla?
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Because S&P splits companies across its value and growth indices by score rather than assigning them wholly to one. Apple scores partly as value, and its size means even a partial allocation lands it at the top at 6.9%. In a top-heavy market, mechanical screens keep pulling in the giants.
What does IUSV hold?
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Apple at 6.9%, Amazon at 3.6%, Intel at 2.1%, Exxon Mobil at 1.8%, Walmart at 1.6% and Tesla at 1.5%. By sector: technology 21%, financials 15%, healthcare 12% and consumer discretionary 11%.
Is IUSV a deep value fund?
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No. It is the value half of the US large-cap market, which still leaves technology at 21%. A deep-value fund screening hard on price-to-book would look very different and hold far more in banks, energy and industrials. IUSV is best understood as the less technology-concentrated half of the market.
Does IUSV pay a good dividend?
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About 1.69%, roughly triple a growth fund and below a dedicated dividend fund. Companies that screen as cheap tend to distribute more of their earnings, so the yield follows from the screen rather than being targeted.
When would IUSV outperform a broad index fund?
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Typically when large-cap technology lags, since holding less of it is the main structural difference. It underperformed through much of the period when mega-cap technology led the market.
Should I hold IUSV alongside an S&P 500 fund?
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Only if you want to tilt away from technology deliberately. Every IUSV holding already sits in a broad US index fund, so adding it does not introduce new companies; it changes your weights. That is a legitimate choice, but it is a tilt rather than diversification.
What is IUSV's expense ratio?
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IUSV has an expense ratio of 0.04% per year as of August 2026, charged by iShares and deducted from the fund's value rather than billed to you separately. On a $10,000 position that is roughly $4 a year. Fees compound over time, so on a long-term holding the expense ratio is one of the few return drivers you control. It is worth comparing against other funds that track the S&P U.S. Value Index before you choose.
How do I compare IUSV to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. IUSV's figures are above; the full method is in Walnut's guide on how to compare ETFs.
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Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to August 2026; verify current figures against iShares's fund page or your broker before investing.