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Which Is the Better iShares Small-Cap Value ETF, the Morningstar-Indexed ISCV or Russell 2000-Based IWN?

fool.com·Jun 5, 2026

The iShares Morningstar Small-Cap Value ETF (ISCV) offers a lower expense ratio and higher dividend yield than the iShares Russell 2000 Value ETF (IWN), which has delivered better recent returns and enjoys greater liquidity due to its larger asset base. Both ETFs target small-cap value stocks but differ in their investment strategies and sector allocations.

For a knowledgeable investor, the most actionable insight is that the iShares Morningstar Small-Cap Value ETF (ISCV) offers a significantly lower expense ratio of 0.06% and a higher dividend yield of 1.90% compared to the iShares Russell 2000 Value ETF (IWN), which might make it more appealing for cost-conscious and income-oriented investors. Conversely, IWN may be preferable for active traders due to its larger AUM of $13.9 billion, providing greater liquidity and higher recent returns.

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