CVAR vs. FOVL
CVAR (Cultivar ETF) and FOVL (iShares Focused Value Factor ETF) are both Mid Cap Value Equities funds. CVAR is actively managed, while FOVL is passively managed. A 0.75 correlation means they provide meaningful diversification when combined. CVAR charges 0.87%/yr vs 0.25%/yr for FOVL.
Performance
CVAR vs. FOVL - Performance Comparison
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Returns By Period
CVAR
- 1D
- 0.55%
- 1M
- -1.15%
- YTD
- -0.11%
- 6M
- -0.90%
- 1Y
- 9.45%
- 3Y*
- 8.25%
- 5Y*
- —
- 10Y*
- —
FOVL
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CVAR vs. FOVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CVAR Cultivar ETF | -0.11% | 14.95% | 3.12% | 11.74% | -5.03% | 0.70% |
FOVL iShares Focused Value Factor ETF | 0.00% | 6.43% | 22.87% | 17.72% | -9.39% | 2.98% |
Correlation
The correlation between CVAR and FOVL is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2021 | 0.75 |
Over the past year, the correlation between CVAR and FOVL has dropped to 0.28 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
CVAR vs. FOVL — Risk / Return Rank
CVAR
FOVL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CVAR vs. FOVL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cultivar ETF (CVAR) and iShares Focused Value Factor ETF (FOVL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CVAR | FOVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.14 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | — | — |
| Martin ratioReturn relative to average drawdown | 2.51 | — | — |
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Drawdowns
CVAR vs. FOVL - Drawdown Comparison
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Drawdown Indicators
| CVAR | FOVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.39% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | — | — |
Current DrawdownCurrent decline from peak | -6.90% | — | — |
Average DrawdownAverage peak-to-trough decline | -5.51% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | — | — |
Volatility
CVAR vs. FOVL - Volatility Comparison
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Volatility by Period
| CVAR | FOVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | — | — |
CVAR vs. FOVL - Expense Ratio Comparison
CVAR has a 0.87% expense ratio, which is higher than FOVL's 0.25% expense ratio.
Dividends
CVAR vs. FOVL - Dividend Comparison
CVAR's dividend yield for the trailing twelve months is around 1.53%, while FOVL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CVAR Cultivar ETF | 1.53% | 1.53% | 3.57% | 1.41% | 5.52% | 0.00% | 0.00% | 0.00% |
FOVL iShares Focused Value Factor ETF | 0.00% | 1.36% | 2.08% | 2.59% | 3.38% | 2.80% | 2.88% | 2.09% |
Frequently Asked Questions
CVAR and FOVL have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FOVL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FOVL is cheaper with a 0.25% expense ratio, compared with 0.87% for CVAR.
CVAR has the higher dividend yield at 1.53%, compared with 0.00% for FOVL.
They also come from different issuers: Cultivar and iShares. Their fees differ too: 0.87% for CVAR and 0.25% for FOVL.
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