EBIT vs. ISVL

Last updated Jun 5, 2026

EBIT (Harbor AlphaEdge Small Cap Earners ETF) and ISVL (iShares International Developed Small Cap Value Factor ETF) are both Small Cap Value Equities funds - EBIT tracks the Harbor AlphaEdge Small Cap Earners Index while ISVL tracks the FTSE Developed ex US ex Korea Small Cap Focused Value Index. Both are passively managed. Over the past year, EBIT returned 29.56% vs 29.05% for ISVL. A 0.57 correlation means they provide meaningful diversification when combined. EBIT charges 0.29%/yr vs 0.30%/yr for ISVL.

Performance

EBIT vs. ISVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor AlphaEdge Small Cap Earners ETF (EBIT) and iShares International Developed Small Cap Value Factor ETF (ISVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBIT achieves a 13.93% return, which is significantly higher than ISVL's 9.65% return.

EBIT

• 1D: 1.64%
• 1M: 0.55%
• YTD: 13.93%
• 6M: 12.68%
• 1Y: 29.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ISVL

• 1D: 1.10%
• 1M: 1.96%
• YTD: 9.65%
• 6M: 13.29%
• 1Y: 29.05%
• 3Y*: 21.99%
• 5Y*: 10.31%
• 10Y*: —

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

EBIT vs. ISVL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	13.93%	6.85%	8.29%
ISVL iShares International Developed Small Cap Value Factor ETF	9.65%	42.84%	-1.99%

Correlation

The correlation between EBIT and ISVL is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.57

The correlation between EBIT and ISVL has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.

EBIT vs. ISVL - Sectors Allocation Comparison

Sectors	EBIT	ISVL
Financial Services	25.5%	20.8%
Consumer Cyclical	14.4%	10.4%
Industrials	13.3%	23.3%
Energy	11.7%	7.3%
Technology	7.7%	4.7%
Real Estate	7.2%	11.1%
Healthcare	4.2%	3.7%
Communication Services	3.7%	3.0%
Basic Materials	3.6%	9.1%
Utilities	3.4%	1.5%
Consumer Defensive	3.2%	5.3%

Return for Risk

EBIT vs. ISVL — Risk / Return Rank

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

EBIT

EBIT Risk / Return Rank: 58
EBIT Sharpe Ratio Rank: 51
EBIT Sortino Ratio Rank: 55
EBIT Omega Ratio Rank: 51
EBIT Calmar Ratio Rank: 73
EBIT Martin Ratio Rank: 59

ISVL

ISVL Risk / Return Rank: 57
ISVL Sharpe Ratio Rank: 61
ISVL Sortino Ratio Rank: 61
ISVL Omega Ratio Rank: 62
ISVL Calmar Ratio Rank: 48
ISVL Martin Ratio Rank: 54

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.

EBIT vs. ISVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Small Cap Earners ETF (EBIT) and iShares International Developed Small Cap Value Factor ETF (ISVL). 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.

	EBIT	ISVL	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.02	-0.29
Sortino ratio: Return per unit of downside risk	2.59	2.83	-0.24
Omega ratio: Gain probability vs. loss probability	1.31	1.37	-0.06
Calmar ratio: Return relative to maximum drawdown	3.56	2.34	+1.22
Martin ratio: Return relative to average drawdown	10.21	9.17	+1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBIT vs. ISVL - Sharpe Ratio Comparison

The current EBIT Sharpe Ratio is 1.73, which is comparable to the ISVL Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of EBIT and ISVL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EBIT	ISVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.02	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.71	+0.03

Drawdowns

EBIT vs. ISVL - Drawdown Comparison

The maximum EBIT drawdown since its inception was -26.64%, smaller than the maximum ISVL drawdown of -30.48%. Use the drawdown chart below to compare losses from any high point for EBIT and ISVL.

Drawdown Indicators

	EBIT	ISVL	Difference
Max Drawdown Largest peak-to-trough decline	-26.64%	-30.48%	+3.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-12.48%	+4.14%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.48%	—
Current Drawdown Current decline from peak	0.00%	-1.08%	+1.08%
Average Drawdown Average peak-to-trough decline	-6.54%	-6.66%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	3.18%	-0.28%

Volatility

EBIT vs. ISVL - Volatility Comparison

The current volatility for Harbor AlphaEdge Small Cap Earners ETF (EBIT) is 4.09%, while iShares International Developed Small Cap Value Factor ETF (ISVL) has a volatility of 4.49%. This indicates that EBIT experiences smaller price fluctuations and is considered to be less risky than ISVL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBIT	ISVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	4.49%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	12.05%	-1.23%
Volatility (1Y) Calculated over the trailing 1-year period	17.13%	14.45%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	16.90%	+4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.25%	16.78%	+4.47%

EBIT vs. ISVL - Expense Ratio Comparison

EBIT has a 0.29% expense ratio, which is lower than ISVL's 0.30% expense ratio.

Dividends

EBIT vs. ISVL - Dividend Comparison

EBIT's dividend yield for the trailing twelve months is around 1.75%, less than ISVL's 2.45% yield.

Position	TTM	2025	2024	2023	2022	2021
EBIT Harbor AlphaEdge Small Cap Earners ETF	1.75%	2.00%	2.40%	0.00%	0.00%	0.00%
ISVL iShares International Developed Small Cap Value Factor ETF	2.45%	2.69%	3.92%	3.82%	3.37%	2.82%

Frequently Asked Questions

Can I hold both EBIT and ISVL in my portfolio?

EBIT and ISVL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBIT or ISVL?

ISVL has higher volatility (4.49%) compared to EBIT (4.09%). In terms of maximum drawdown, EBIT dropped -26.64% vs ISVL's -30.48%.

Which ETF is better, EBIT or ISVL?

On 1-year performance, EBIT leads with 29.56% vs 29.05% for ISVL. On fees, EBIT is cheaper at 0.29% per year. On volatility, EBIT has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIT or ISVL?

Over the 1-year period, EBIT has performed better with a 29.56% return vs 29.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIT or ISVL?

EBIT is cheaper with a 0.29% expense ratio, compared with 0.30% for ISVL.

Which ETF pays a higher dividend yield, EBIT or ISVL?

ISVL has the higher dividend yield at 2.45%, compared with 1.75% for EBIT.

What is the main difference between EBIT and ISVL?

EBIT tracks Harbor AlphaEdge Small Cap Earners Index, while ISVL tracks FTSE Developed ex US ex Korea Small Cap Focused Value Index. They also come from different issuers: Harbor and iShares. Their fees differ too: 0.29% for EBIT and 0.30% for ISVL.

Which has better risk-adjusted returns?

ISVL currently has the higher Sharpe Ratio (2.02 vs 1.73), 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.