DIVB vs. SIZE

Last updated Apr 1, 2026

Compare and contrast key facts about iShares U.S. Dividend and Buyback ETF (DIVB) and iShares MSCI USA Size Factor ETF (SIZE).

DIVB and SIZE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVB is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend and Buyback Index. It was launched on Nov 7, 2017. SIZE is a passively managed fund by iShares that tracks the performance of the MSCI USA Low Size Index. It was launched on Apr 16, 2013. Both DIVB and SIZE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DIVB vs. SIZE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Dividend and Buyback ETF (DIVB) and iShares MSCI USA Size Factor ETF (SIZE). The values are adjusted to include any dividend payments, if applicable.

DIVB vs. SIZE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVB iShares U.S. Dividend and Buyback ETF	2.14%	15.09%	18.59%	13.27%	-10.51%	31.29%	10.78%	32.72%	-8.16%	5.95%
SIZE iShares MSCI USA Size Factor ETF	-0.96%	10.51%	14.37%	17.78%	-15.86%	25.05%	16.26%	28.97%	-6.59%	3.95%

Returns By Period

In the year-to-date period, DIVB achieves a 2.14% return, which is significantly higher than SIZE's -0.96% return.

DIVB

• 1D: 1.47%
• 1M: -3.90%
• YTD: 2.14%
• 6M: 4.65%
• 1Y: 14.11%
• 3Y*: 16.30%
• 5Y*: 10.45%
• 10Y*: —

SIZE

• 1D: 2.59%
• 1M: -5.50%
• YTD: -0.96%
• 6M: -0.01%
• 1Y: 11.37%
• 3Y*: 12.32%
• 5Y*: 7.22%
• 10Y*: 10.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DIVB vs. SIZE - Expense Ratio Comparison

DIVB has a 0.25% expense ratio, which is higher than SIZE's 0.15% 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%.

DIVB

iShares U.S. Dividend and Buyback ETF

SIZE

iShares MSCI USA Size Factor ETF

Return for Risk

DIVB vs. SIZE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIVB

DIVB Risk / Return Rank: 54
DIVB Sharpe Ratio Rank: 53
DIVB Sortino Ratio Rank: 51
DIVB Omega Ratio Rank: 54
DIVB Calmar Ratio Rank: 53
DIVB Martin Ratio Rank: 58

SIZE

SIZE Risk / Return Rank: 38
SIZE Sharpe Ratio Rank: 34
SIZE Sortino Ratio Rank: 36
SIZE Omega Ratio Rank: 36
SIZE Calmar Ratio Rank: 38
SIZE Martin Ratio Rank: 46

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.

DIVB vs. SIZE - 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 MSCI USA Size Factor ETF (SIZE). 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	SIZE	Difference
Sharpe ratio Return per unit of total volatility	0.89	0.60	+0.28
Sortino ratio Return per unit of downside risk	1.28	1.00	+0.29
Omega ratio Gain probability vs. loss probability	1.19	1.14	+0.05
Calmar ratio Return relative to maximum drawdown	1.23	0.94	+0.28
Martin ratio Return relative to average drawdown	5.30	4.35	+0.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVB vs. SIZE - Sharpe Ratio Comparison

The current DIVB Sharpe Ratio is 0.89, which is higher than the SIZE Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of DIVB and SIZE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DIVB	SIZE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	0.60	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.42	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.64	+0.03

Correlation

The correlation between DIVB and SIZE is 0.91, 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

DIVB vs. SIZE - Dividend Comparison

DIVB's dividend yield for the trailing twelve months is around 2.51%, more than SIZE's 1.56% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIVB iShares U.S. Dividend and Buyback ETF	2.51%	2.50%	2.61%	3.18%	2.02%	1.63%	2.08%	2.07%	2.52%	0.37%	0.00%	0.00%
SIZE iShares MSCI USA Size Factor ETF	1.56%	1.50%	1.53%	1.42%	1.59%	1.19%	1.43%	1.35%	2.43%	1.58%	1.88%	1.95%

Drawdowns

DIVB vs. SIZE - Drawdown Comparison

The maximum DIVB drawdown since its inception was -36.93%, smaller than the maximum SIZE drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for DIVB and SIZE.

Drawdown Indicators

	DIVB	SIZE	Difference
Max Drawdown Largest peak-to-trough decline	-36.93%	-39.15%	+2.22%
Max Drawdown (1Y) Largest decline over 1 year	-12.59%	-12.78%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	-21.08%	-24.03%	+2.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.15%	—
Current Drawdown Current decline from peak	-4.96%	-5.59%	+0.63%
Average Drawdown Average peak-to-trough decline	-5.07%	-4.23%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.77%	+0.14%

Volatility

DIVB vs. SIZE - Volatility Comparison

The current volatility for iShares U.S. Dividend and Buyback ETF (DIVB) is 3.67%, while iShares MSCI USA Size Factor ETF (SIZE) has a volatility of 5.13%. This indicates that DIVB experiences smaller price fluctuations and is considered to be less risky than SIZE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVB	SIZE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	5.13%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	9.90%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	18.91%	-2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	17.39%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.49%	18.67%	-0.18%