Core Insights - The iShares Russell 2000 Value ETF (IWN) has a higher expense ratio compared to the iShares Morningstar Small-Cap Value ETF (ISCV), but it offers broader holdings and higher recent returns [2][9] - Both ETFs target U.S. small-cap value stocks, focusing on companies trading at lower prices relative to their fundamentals, with a comparison of costs, performance, liquidity, and portfolio makeup [3] Cost & Size Comparison - ISCV has an expense ratio of 0.06% while IWN charges 0.24%, making ISCV more affordable [4] - As of January 5, 2026, ISCV delivered a 1-year return of 11.9% compared to IWN's 13.8% [4] - ISCV has a dividend yield of 2.0%, slightly higher than IWN's 1.7% [4] - The assets under management (AUM) for ISCV is $586.9 million, while IWN has significantly larger AUM at $12.4 billion [4] Performance & Risk Comparison - Over a five-year period, ISCV experienced a maximum drawdown of -25.35%, while IWN had a deeper drawdown of -26.71% [5] - An investment of $1,000 would have grown to $1,657 in ISCV and $1,534 in IWN over five years [5] Portfolio Composition - IWN holds 1,407 securities with a sector allocation of 26% in financial services, 12% in real estate, and 11% in industrials, with top holdings including Blk Csh Fnd Treasury Sl Agency (XTSLA) at 0.99% [6] - ISCV has 1,101 holdings with a sector mix of 21% in financial services, 16% in consumer cyclical, and 13% in industrials, featuring top positions like Sandisk (SNDK) at 0.93% [7] - Both funds do not utilize leverage or introduce ESG or other structural quirks [7] Investor Considerations - IWN's higher expense ratio and lower yield compared to ISCV may influence cost-conscious investors [9] - IWN's stronger 1-year total return contrasts with its deeper five-year drawdown, which may be a consideration for risk-averse investors [9] - The differing sector allocations, with IWN leaning more towards real estate and ISCV towards consumer cyclicals, may appeal to different investment strategies [10]