DCPE vs. ILCV
DCPE (DoubleLine Shiller CAPE US Equities ETF) and ILCV (iShares Morningstar Value ETF) are both Large Cap Value Equities funds - DCPE tracks the Shiller Barclays CAPE US Sector Index while ILCV tracks the Morningstar US Large-Mid Cap Broad Value Index. Both are passively managed. Over the past 3 years, DCPE returned 12.19%/yr vs 18.61%/yr for ILCV. Their correlation of 0.87 suggests significant overlap in exposure. DCPE charges 0.65%/yr vs 0.04%/yr for ILCV.
Performance
DCPE vs. ILCV - Performance Comparison
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Returns By Period
In the year-to-date period, DCPE achieves a -1.70% return, which is significantly lower than ILCV's 7.75% return.
DCPE
- 1D
- -0.48%
- 1M
- -1.99%
- YTD
- -1.70%
- 6M
- -1.38%
- 1Y
- 3.29%
- 3Y*
- 12.19%
- 5Y*
- —
- 10Y*
- —
ILCV
- 1D
- -0.44%
- 1M
- 2.76%
- YTD
- 7.75%
- 6M
- 7.41%
- 1Y
- 26.58%
- 3Y*
- 18.61%
- 5Y*
- 11.42%
- 10Y*
- 11.68%
DCPE vs. ILCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DCPE DoubleLine Shiller CAPE US Equities ETF | -1.70% | 9.10% | 14.40% | 27.65% | -15.28% |
ILCV iShares Morningstar Value ETF | 7.75% | 18.79% | 17.03% | 14.43% | -6.27% |
Correlation
The correlation between DCPE and ILCV is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.87 |
The correlation between DCPE and ILCV has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
DCPE vs. ILCV — Risk / Return Rank
DCPE
ILCV
DCPE vs. ILCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Shiller CAPE US Equities ETF (DCPE) 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.
| DCPE | ILCV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.50 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 4.08 | -3.73 |
| Martin ratioReturn relative to average drawdown | 1.24 | 16.87 | -15.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DCPE | ILCV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 2.72 | -2.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.46 | -0.04 |
Drawdowns
DCPE vs. ILCV - Drawdown Comparison
The maximum DCPE drawdown since its inception was -22.07%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for DCPE and ILCV.
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Drawdown Indicators
| DCPE | ILCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.07% | -58.63% | +36.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -6.55% | -3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -14.95% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.53% | — |
Current DrawdownCurrent decline from peak | -4.83% | -0.60% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -9.32% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.58% | +1.07% |
Volatility
DCPE vs. ILCV - Volatility Comparison
DoubleLine Shiller CAPE US Equities ETF (DCPE) has a higher volatility of 2.63% compared to iShares Morningstar Value ETF (ILCV) at 2.01%. This indicates that DCPE's price experiences larger fluctuations and is considered to be riskier 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
| DCPE | ILCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 2.01% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.04% | 6.97% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 9.82% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 14.21% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 16.66% | +0.27% |
DCPE vs. ILCV - Expense Ratio Comparison
DCPE has a 0.65% expense ratio, which is higher than ILCV's 0.04% expense ratio.
Dividends
DCPE vs. ILCV - Dividend Comparison
DCPE's dividend yield for the trailing twelve months is around 1.41%, less than ILCV's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCPE DoubleLine Shiller CAPE US Equities ETF | 1.41% | 1.39% | 1.23% | 1.01% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ILCV iShares Morningstar Value ETF | 1.63% | 1.77% | 1.99% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% |
Frequently Asked Questions
DCPE and ILCV have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCPE has higher volatility (2.63%) compared to ILCV (2.01%). In terms of maximum drawdown, DCPE dropped -22.07% vs ILCV's -58.63%.
On 3-year performance, ILCV leads with 18.61% vs 12.19% for DCPE. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 2.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ILCV has performed better with a 18.61% return vs 12.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILCV is cheaper with a 0.04% expense ratio, compared with 0.65% for DCPE.
ILCV has the higher dividend yield at 1.63%, compared with 1.41% for DCPE.
DCPE tracks Shiller Barclays CAPE US Sector Index, while ILCV tracks Morningstar US Large-Mid Cap Broad Value Index. They also come from different issuers: DoubleLine and iShares. Their fees differ too: 0.65% for DCPE and 0.04% for ILCV.
ILCV currently has the higher Sharpe Ratio (2.72 vs 0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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