Designed to provide broad exposure to the Small Cap Value segment of the US equity market, the iShares Russell 2000 Value ETF (IWN) is a passively managed exchange traded fund launched on 07/24/2000.The fund is sponsored by Blackrock. It has amassed assets over $15.43 billion, making it one of the largest ETFs attempting to match the Small Cap Value segment of the US equity market.Why Small Cap ValueSitting at a market capitalization below $2 billion, small cap companies tend to be high-potential stocks compared to its large and mid cap counterparts, but come with higher risk.While value stocks have lower than average price-to-earnings and price-to-book ratios, they also have lower than average sales and earnings growth rates. Looking at their long-term performance, value stocks have outperformed growth stocks in almost all markets. They are however likely to underperform growth stocks in strong bull markets.CostsExpense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.Annual operating expenses for this ETF are 0.24%, putting it on par with most peer products in the space.It has a 12-month trailing dividend yield of 1.54%.Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Financials sector--about 27.10% of the portfolio. Industrials and Real Estate round out the top three.Looking at individual holdings, Amc Entertainment Holdings Inc Cla (AMC) accounts for about 1.25% of total assets, followed by Ovintiv Inc (OVV) and Macys Inc (M).The top 10 holdings account for about 5.46% of total assets under management.Performance and RiskIWN seeks to match the performance of the Russell 2000 Value Index before fees and expenses. The Russell 2000 Value Index measures the performance of the small-capitalization value sector of the U.S. equity market.The ETF has lost about -4.84% so far this year and is up roughly 13.59% in the last one year (as of 01/20/2022). In the past 52-week period, it has traded between $138.40 and $176.88.The ETF has a beta of 1.20 and standard deviation of 30.69% for the trailing three-year period, making it a medium risk choice in the space. With about 1428 holdings, it effectively diversifies company-specific risk.AlternativesIShares Russell 2000 Value ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, IWN is an excellent option for investors seeking exposure to the Style Box - Small Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.The iShares S&P SmallCap 600 Value ETF (IJS) and the Vanguard SmallCap Value ETF (VBR) track a similar index. While iShares S&P SmallCap 600 Value ETF has $8.65 billion in assets, Vanguard SmallCap Value ETF has $26.22 billion. IJS has an expense ratio of 0.18% and VBR charges 0.07%.Bottom-LineWhile an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares Russell 2000 Value ETF (IWN): ETF Research Reports Macy's, Inc. (M): Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report Vanguard SmallCap Value ETF (VBR): ETF Research Reports iShares S&P SmallCap 600 Value ETF (IJS): ETF Research Reports Ovintiv Inc. (OVV): Free Stock Analysis Report To read this article on Zacks.com click here.