Looking for broad exposure to the Large Cap Value segment of the US equity market? You should consider the iShares Russell Top 200 Value ETF (IWX), a passively managed exchange traded fund launched on 09/22/2009.The fund is sponsored by Blackrock. It has amassed assets over $326.35 M, making it one of the average sized ETFs attempting to match the Large Cap Value segment of the US equity market.Why Large Cap ValueLarge cap companies typically have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.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. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.CostsWhen considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.Annual operating expenses for this ETF are 0.20%, making it one of the cheaper products in the space.It has a 12-month trailing dividend yield of 2.15%.Sector Exposure and Top HoldingsETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.This ETF has heaviest allocation to the Financials sector--about 26.40% of the portfolio. Healthcare and Energy round out the top three.Looking at individual holdings, Jpmorgan Chase & Co (JPM) accounts for about 4.27% of total assets, followed by Berkshire Hathaway Inc Class B (BRK.B) and Exxon Mobil Corp (XOM).The top 10 holdings account for about 31.45% of total assets under management.Performance and RiskIWX seeks to match the performance of the Russell Top 200 Value Index before fees and expenses. The Russell Top 200 Value Index is a style factor weighted index that measures the performance of the largest capitalization value sector of the U.S. equity market.The ETF return is roughly 3.20% so far this year and was up about 12.06% in the last one year (as of 09/03/2018). In the past 52-week period, it has traded between $48.42 and $55.81.The ETF has a beta of 0.96 and standard deviation of 12.49% for the trailing three-year period, making it a medium risk choice in the space. With about 137 holdings, it effectively diversifies company-specific risk.AlternativesIShares Russell Top 200 Value ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, IWX is a sufficient option for those seeking exposure to the Large Cap ETFs area of the market. Investors might also want to consider some other ETF options in the space.The iShares Russell 1000 Value ETF (IWD) and the Vanguard Value ETF (VTV) track a similar index. While iShares Russell 1000 Value ETF has $38.13 B in assets, Vanguard Value ETF has $42.89 B. IWD has an expense ratio of 0.20% and VTV charges 0.05%.Bottom-LineRetail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.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.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 ISHARS-R T200 V (IWX): ETF Research Reports JPMorgan Chase & Co. (JPM): Free Stock Analysis Report VIPERS-VALUE (VTV): ETF Research Reports ISHARS-RS 1K VL (IWD): ETF Research Reports Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research