ESMV vs. CIL
ESMV (iShares ESG MSCI USA Min Vol Factor ETF) and CIL (VictoryShares International Volatility Wtd ETF) are both exchange-traded funds - ESMV is a Low Volatility fund tracking the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index - Benchmark TR Gross, while CIL is a Foreign Large Cap Equities fund tracking the Nasdaq Victory International 500 Volatility Weighted Index. Both are passively managed. Over the past 3 years, ESMV returned 10.25%/yr vs 14.57%/yr for CIL. Their 0.52 correlation means they have sometimes moved together and sometimes differently. ESMV charges 0.18%/yr vs 0.45%/yr for CIL.
Performance
ESMV vs. CIL - Performance Comparison
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Returns By Period
In the year-to-date period, ESMV achieves a 7.33% return, which is significantly higher than CIL's 5.44% return.
ESMV
- 1D
- 0.22%
- 1M
- -0.16%
- 6M
- 6.27%
- YTD
- 7.33%
- 1Y
- 9.71%
- 3Y*
- 10.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.96%
CIL
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 5.44%
- 1Y
- 16.21%
- 3Y*
- 14.57%
- 5Y*
- 7.36%
- 10Y*
- 8.18%
- ALL TIME*
- 7.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $7.55K | $9.03K | $12.67K |
ESMV vs. CIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 7.33% | 5.34% | 13.06% | 12.20% | -11.08% | 3.13% |
CIL VictoryShares International Volatility Wtd ETF | 5.44% | 32.99% | 3.76% | 16.29% | -16.00% | -1.37% |
Correlation
The correlation between ESMV and CIL is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2021 | 0.52 |
The correlation between ESMV and CIL shifts across timeframes, from 0.34 (1 year) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ESMV vs. CIL — Risk / Return Rank
ESMV
CIL
ESMV vs. CIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) and VictoryShares International Volatility Wtd ETF (CIL). 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.
| ESMV | CIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.67 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 3.69 | -2.36 |
| Martin ratioReturn relative to average drawdown | 4.05 | 18.41 | -14.36 |
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Drawdowns
ESMV vs. CIL - Drawdown Comparison
The maximum ESMV drawdown since its inception was -19.77%, smaller than the maximum CIL drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for ESMV and CIL.
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Drawdown Indicators
| ESMV | CIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.77% | -36.27% | +16.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -4.60% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -11.29% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.27% | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.58% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -6.47% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 1.03% | +1.25% |
Volatility
ESMV vs. CIL - Volatility Comparison
iShares ESG MSCI USA Min Vol Factor ETF (ESMV) has a higher volatility of 2.50% compared to VictoryShares International Volatility Wtd ETF (CIL) at 0.00%. This indicates that ESMV's price experiences larger fluctuations and is considered to be riskier than CIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESMV | CIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 0.00% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 2.31% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.04% | 6.80% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 16.39% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 16.74% | -3.63% |
ESMV vs. CIL - Expense Ratio Comparison
ESMV has a 0.18% expense ratio, which is lower than CIL's 0.45% expense ratio.
Dividends
ESMV vs. CIL - Dividend Comparison
ESMV's dividend yield for the trailing twelve months is around 1.50%, more than CIL's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIL VictoryShares International Volatility Wtd ETF | 1.05% | 2.70% | 3.46% | 2.91% | 2.41% | 3.04% | 1.73% | 2.69% | 2.85% | 2.17% | 2.34% | 0.43% |
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 1.50% | 1.56% | 1.71% | 1.75% | 1.66% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESMV and CIL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESMV has higher volatility (2.50%) compared to CIL (0.00%). In terms of maximum drawdown, ESMV dropped -19.77% vs CIL's -36.27%.
On 3-year performance, CIL leads with 14.57% vs 10.25% for ESMV. On fees, ESMV is cheaper at 0.18% per year. On volatility, CIL has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CIL has performed better with a 14.57% return vs 10.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESMV is cheaper with a 0.18% expense ratio, compared with 0.45% for CIL.
ESMV has the higher dividend yield at 1.50%, compared with 1.05% for CIL.
ESMV is categorized as Low Volatility, while CIL is Foreign Large Cap Equities. ESMV tracks MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index - Benchmark TR Gross, while CIL tracks Nasdaq Victory International 500 Volatility Weighted Index. They also come from different issuers: iShares and Crestview. Their fees differ too: 0.18% for ESMV and 0.45% for CIL.
CIL currently has the higher Sharpe Ratio (2.51 vs 0.93), 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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