DIVB vs. IMCV
DIVB (iShares U.S. Dividend and Buyback ETF) and IMCV (iShares Morningstar Mid-Cap ETF) are both exchange-traded funds - DIVB is a Large Cap Blend Equities fund tracking the Morningstar US Dividend and Buyback Index, while IMCV is a Mid Cap Value Equities fund tracking the Morningstar US Mid Cap Broad Value Index. Both are passively managed. Over the past 5 years, DIVB returned 11.98%/yr vs 8.79%/yr for IMCV. Their correlation of 0.89 suggests significant overlap in exposure. DIVB charges 0.25%/yr vs 0.06%/yr for IMCV.
Performance
DIVB vs. IMCV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DIVB achieves a 16.10% return, which is significantly higher than IMCV's 9.75% return.
DIVB
- 1D
- 0.09%
- 1M
- 5.36%
- YTD
- 16.10%
- 6M
- 16.58%
- 1Y
- 27.52%
- 3Y*
- 21.21%
- 5Y*
- 11.98%
- 10Y*
- —
IMCV
- 1D
- -0.41%
- 1M
- 1.84%
- YTD
- 9.75%
- 6M
- 11.34%
- 1Y
- 22.85%
- 3Y*
- 16.05%
- 5Y*
- 8.79%
- 10Y*
- 10.39%
DIVB vs. IMCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares U.S. Dividend and Buyback ETF | 16.10% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
IMCV iShares Morningstar Mid-Cap ETF | 9.75% | 13.52% | 12.28% | 11.89% | -6.98% | 33.56% | -4.11% | 24.72% | -10.93% | 5.46% |
Correlation
The correlation between DIVB and IMCV is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017 | 0.89 |
The correlation between DIVB and IMCV has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DIVB vs. IMCV — Risk / Return Rank
DIVB
IMCV
DIVB vs. IMCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Dividend and Buyback ETF (DIVB) and iShares Morningstar Mid-Cap ETF (IMCV). 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.
| DIVB | IMCV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.35 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 3.32 | +0.73 |
| Martin ratioReturn relative to average drawdown | 13.75 | 12.40 | +1.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DIVB | IMCV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 1.97 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.53 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.47 | +0.28 |
Drawdowns
DIVB vs. IMCV - Drawdown Comparison
The maximum DIVB drawdown since its inception was -36.93%, smaller than the maximum IMCV drawdown of -64.74%. Use the drawdown chart below to compare losses from any high point for DIVB and IMCV.
Loading charts...
Drawdown Indicators
| DIVB | IMCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -64.74% | +27.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -6.90% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -18.63% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -19.87% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.33% | — |
Current DrawdownCurrent decline from peak | -1.98% | -1.07% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -8.41% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.85% | +0.16% |
Volatility
DIVB vs. IMCV - Volatility Comparison
iShares U.S. Dividend and Buyback ETF (DIVB) has a higher volatility of 4.05% compared to iShares Morningstar Mid-Cap ETF (IMCV) at 2.35%. This indicates that DIVB's price experiences larger fluctuations and is considered to be riskier than IMCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DIVB | IMCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 2.35% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 8.05% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 11.66% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 16.64% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 19.66% | -1.28% |
DIVB vs. IMCV - Expense Ratio Comparison
DIVB has a 0.25% expense ratio, which is higher than IMCV's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DIVB vs. IMCV - Dividend Comparison
DIVB's dividend yield for the trailing twelve months is around 2.21%, more than IMCV's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares U.S. Dividend and Buyback ETF | 2.21% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
IMCV iShares Morningstar Mid-Cap ETF | 1.94% | 2.23% | 2.36% | 2.30% | 2.36% | 1.86% | 2.61% | 2.45% | 2.61% | 1.87% | 2.09% | 2.29% |
Frequently Asked Questions
With a correlation of 0.91, DIVB and IMCV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DIVB has higher volatility (4.05%) compared to IMCV (2.35%). In terms of maximum drawdown, DIVB dropped -36.93% vs IMCV's -64.74%.
On 5-year performance, DIVB leads with 11.98% vs 8.79% for IMCV. On fees, IMCV is cheaper at 0.06% per year. On volatility, IMCV has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 11.98% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMCV is cheaper with a 0.06% expense ratio, compared with 0.25% for DIVB.
DIVB has the higher dividend yield at 2.21%, compared with 1.94% for IMCV.
DIVB is categorized as Large Cap Blend Equities, while IMCV is Mid Cap Value Equities. DIVB tracks Morningstar US Dividend and Buyback Index, while IMCV tracks Morningstar US Mid Cap Broad Value Index. Their fees differ too: 0.25% for DIVB and 0.06% for IMCV.
DIVB currently has the higher Sharpe Ratio (2.40 vs 1.97), 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.
Find the right allocation for DIVB and IMCV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer