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BDVG vs. ILCV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BDVG vs. ILCV

Last updated Apr 2, 2026

Compare and contrast key facts about iMGP Berkshire Dividend Growth ETF (BDVG) and iShares Morningstar Value ETF (ILCV).

BDVG and ILCV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BDVG is an actively managed fund by iMGP. It was launched on Jun 29, 2023. ILCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Large-Mid Cap Broad Value Index. It was launched on Jun 28, 2004.

Performance

BDVG vs. ILCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iMGP Berkshire Dividend Growth ETF (BDVG) and iShares Morningstar Value ETF (ILCV). The values are adjusted to include any dividend payments, if applicable.

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BDVG vs. ILCV - Yearly Performance Comparison

2026 (YTD)202520242023
BDVG
iMGP Berkshire Dividend Growth ETF		2.40%13.81%11.75%3.25%
ILCV
iShares Morningstar Value ETF		-0.70%18.79%17.03%7.62%

Returns By Period

In the year-to-date period, BDVG achieves a 2.40% return, which is significantly higher than ILCV's -0.70% return.

BDVG

1D
0.14%
1M
-4.77%
YTD
2.40%
6M
3.23%
1Y
13.80%
3Y*
—
5Y*
—
10Y*
—

ILCV

1D
0.22%
1M
-4.04%
YTD
-0.70%
6M
4.21%
1Y
16.83%
3Y*
15.82%
5Y*
10.89%
10Y*
11.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iMGP Berkshire Dividend Growth ETF

iShares Morningstar Value ETF

Often compared with BDVG:
BDVG vs. SCHDBDVG vs. TDVGBDVG vs. jepiBDVG vs. SPYBDVG vs. SCHXBDVG vs. EMDVBDVG vs. VGG.TO
Often compared with ILCV:
ILCV vs. VTVILCV vs. AVLVILCV vs. FIOOXILCV vs. SCHDILCV vs. ilcbILCV vs. SPYILCV vs. MGV

BDVG vs. ILCV - Expense Ratio Comparison

BDVG has a 0.55% expense ratio, which is higher than ILCV's 0.04% expense ratio.

BDVG
iMGP Berkshire Dividend Growth ETF
ILCV
iShares Morningstar Value ETF

Return for Risk

BDVG vs. ILCV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BDVG
BDVG Risk / Return Rank: 4949
Overall Rank
BDVG Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
BDVG Sortino Ratio Rank: 4747
Sortino Ratio Rank
BDVG Omega Ratio Rank: 5454
Omega Ratio Rank
BDVG Calmar Ratio Rank: 4141
Calmar Ratio Rank
BDVG Martin Ratio Rank: 5252
Martin Ratio Rank
ILCV
ILCV Risk / Return Rank: 6060
Overall Rank
ILCV Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
ILCV Sortino Ratio Rank: 6060
Sortino Ratio Rank
ILCV Omega Ratio Rank: 6464
Omega Ratio Rank
ILCV Calmar Ratio Rank: 5252
Calmar Ratio Rank
ILCV Martin Ratio Rank: 6363
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BDVG vs. ILCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iMGP Berkshire Dividend Growth ETF (BDVG) and iShares Morningstar Value ETF (ILCV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

BDVGILCVDifference

Sharpe ratio

Return per unit of total volatility

0.95

1.11

-0.16

Sortino ratio

Return per unit of downside risk

1.36

1.60

-0.24

Omega ratio

Gain probability vs. loss probability

1.21

1.25

-0.04

Calmar ratio

Return relative to maximum drawdown

1.14

1.42

-0.27

Martin ratio

Return relative to average drawdown

5.37

6.69

-1.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BDVG vs. ILCV - Sharpe Ratio Comparison

The current BDVG Sharpe Ratio is 0.95, which is comparable to the ILCV Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of BDVG and ILCV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

BDVGILCVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.95

1.11

-0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.77

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.95

0.44

+0.51

Correlation

The correlation between BDVG and ILCV is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BDVG vs. ILCV - Dividend Comparison

BDVG's dividend yield for the trailing twelve months is around 1.67%, less than ILCV's 1.76% yield.

TTM20252024202320222021202020192018201720162015
BDVG
iMGP Berkshire Dividend Growth ETF		1.67%1.75%1.69%0.95%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ILCV
iShares Morningstar Value ETF		1.76%1.77%1.99%2.27%2.32%2.01%2.96%2.70%2.93%2.32%2.76%3.01%

Drawdowns

BDVG vs. ILCV - Drawdown Comparison

The maximum BDVG drawdown since its inception was -14.46%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for BDVG and ILCV.

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Drawdown Indicators

BDVGILCVDifference

Max Drawdown

Largest peak-to-trough decline

-14.46%

-58.63%

+44.17%

Max Drawdown (1Y)

Largest decline over 1 year

-11.75%

-11.82%

+0.07%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.58%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.53%

—

Current Drawdown

Current decline from peak

-4.78%

-4.51%

-0.27%

Average Drawdown

Average peak-to-trough decline

-2.41%

-9.39%

+6.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.50%

2.50%

0.00%

Volatility

BDVG vs. ILCV - Volatility Comparison

The current volatility for iMGP Berkshire Dividend Growth ETF (BDVG) is 3.43%, while iShares Morningstar Value ETF (ILCV) has a volatility of 3.78%. This indicates that BDVG experiences smaller price fluctuations and is considered to be less risky than ILCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BDVGILCVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

3.78%

-0.35%

Volatility (6M)

Calculated over the trailing 6-month period

7.25%

7.65%

-0.40%

Volatility (1Y)

Calculated over the trailing 1-year period

14.67%

15.28%

-0.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.98%

14.25%

-2.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.98%

16.68%

-4.70%