IMCV vs VTI
iShares Morningstar Mid-Cap Value ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, IMCV or VTI?
Mid Cap Value against Large Cap Blend.
VTI has a lower expense ratio. IMCV led over 1Y, VTI over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. IMCV is less concentrated, with 13.2% of the fund in its ten largest positions against 33.5%.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.06% | 0.03%Best |
| AUM | $1.2B | $689.2B |
| Dividend Yield | 1.99% | 1.06% |
| Holdings | 273 | 3,524 |
| YTD Return | +16.35%Best | +13.02% |
| 1Y Return | +21.97%Best | +16.63% |
| 3Y Return (annualized) | +18.89% | +21.97%Best |
| 5Y Return (annualized) | +10.13% | +11.99%Best |
| Volatility (annualized) | 17.7% | 15.2%Best |
| Max Drawdown | -66.5% | -56.6%Best |
| $10,000 over 5 years | $16,200 | $17,616Best |
| Top 10 Weight | 13.2%Best | 33.5% |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jun 28, 2004 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Jul 2, 2004 to Oct 14, 2026 (22.3 years).
IMCV vs VTI 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 22.3 years both funds cover.
IMCV vs VTI Performance
iShares Morningstar Mid-Cap Value ETF (IMCV) is an ETF from iShares by BlackRock (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year IMCV returned +21.97% while VTI returned +16.63%. Year to date, IMCV is up 16.35% versus a gain of 13.02% for VTI.
Over three years, IMCV compounded at +18.89% per year against +21.97% for VTI; over five years the annualized figures are +10.13% and +11.99% respectively. Across the full 22-year window we track, VTI has the edge at +9.46% annualized vs +7.88%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IMCV has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 15.2% for VTI. 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 -56.6% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. 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 VTI 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 1.99% against 1.06% for VTI.
Holdings Overlap
96.4% of IMCV's money is in holdings VTI also owns. 12.8% of VTI's money is in holdings IMCV also owns.
Most of IMCV is already inside VTI. Owning both mostly buys the same companies twice.
256 positions in common, counted across the 270 positions we hold weights for in IMCV and 3,441 in VTI, against full books of 273 and 3,524.
What only one of them owns
Our book lists 907 positions for VTI that do not appear in our book for IMCV (85.0% of the fund), and 9 for IMCV that do not appear in VTI (2.3%).
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 VTI | Difference |
|---|---|---|---|
| VLOValero Energy | 1.71% | 0.14% | 1.57% |
| ADPAutomatic Data Processing, Inc. | 1.53% | 0.15% | 1.38% |
| PSXPhillips 66 | 1.53% | 0.13% | 1.40% |
| USBUS Bancorp | 1.30% | 0.13% | 1.17% |
| PNCPnc Financial Services Group Inc. | 1.28% | 0.13% | 1.15% |
| MMM3m Co. | 1.23% | 0.12% | 1.11% |
| HPEHewlett Packard Enterprise Co | 1.25% | 0.09% | 1.16% |
| ELVElevance Health Inc | 1.16% | 0.11% | 1.05% |
| TRVThe Travelers Cos, Inc. | 1.10% | 0.11% | 0.99% |
| MDLZMondelez International Inc Com A Npv | 1.08% | 0.11% | 0.97% |
96.4% of IMCV is already inside VTI.
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 VTI?
IMCV has an expense ratio of 0.06% while VTI charges 0.03%. VTI is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, IMCV or VTI?
Over the past year IMCV returned +21.97% vs +16.63% for VTI, so IMCV leads on 1-year performance. Over the longest common window we track (22 years), IMCV annualized +7.88% vs +9.46% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IMCV or VTI?
IMCV has been the more volatile fund at 17.7% annualized versus 15.2% for VTI. Worst drawdown: IMCV -66.5% vs VTI -56.6%.
Should I hold both IMCV and VTI?
IMCV and VTI have a monthly-return correlation of 0.91, 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 VTI?
96.4% of IMCV's money is in holdings VTI also owns. 12.8% of VTI's is in holdings IMCV also owns. They hold 256 positions in common, counted across the 270 positions we hold weights for in IMCV and 3,441 in VTI.
Which pays a higher dividend, IMCV or VTI?
IMCV yields 1.99% while VTI yields 1.06%, so IMCV currently pays the higher dividend yield.
Is VTI better than IMCV?
VTI has a lower expense ratio. IMCV led over 1Y, VTI over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. IMCV is less concentrated, with 13.2% of the fund in its ten largest positions against 33.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.