ICFI vs. ICF

Last updated Jun 3, 2026

ICFI (ICF International, Inc.) is a stock, while ICF (iShares Cohen & Steers REIT ETF) is REIT fund tracking the Cohen & Steers Realty Majors Index. Over the past 10 years, ICFI returned 5.92%/yr vs 5.52%/yr for ICF. At a 0.32 correlation, their price movements are largely independent.

Performance

ICFI vs. ICF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ICF International, Inc. (ICFI) and iShares Cohen & Steers REIT ETF (ICF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICFI achieves a -18.17% return, which is significantly lower than ICF's 12.01% return. Over the past 10 years, ICFI has outperformed ICF with an annualized return of 5.92%, while ICF has yielded a comparatively lower 5.52% annualized return.

ICFI

• 1D: -1.75%
• 1M: -5.06%
• YTD: -18.17%
• 6M: -14.33%
• 1Y: -14.48%
• 3Y*: -15.69%
• 5Y*: -4.53%
• 10Y*: 5.92%

ICF

• 1D: 0.23%
• 1M: -1.61%
• YTD: 12.01%
• 6M: 11.71%
• 1Y: 10.57%
• 3Y*: 10.06%
• 5Y*: 2.99%
• 10Y*: 5.52%

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

ICFI vs. ICF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICFI ICF International, Inc.	-18.17%	-27.98%	-10.76%	35.99%	-2.87%	38.79%	-18.20%	42.44%	24.39%	-4.89%
ICF iShares Cohen & Steers REIT ETF	12.01%	1.85%	5.30%	10.36%	-26.12%	44.17%	-5.43%	25.48%	-2.55%	4.90%

Correlation

The correlation between ICFI and ICF is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Sep 29, 2006	0.32

The correlation between ICFI and ICF shifts across timeframes, from 0.17 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ICFI vs. ICF — Risk / Return Rank

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

ICFI

ICFI Risk / Return Rank: 22
ICFI Sharpe Ratio Rank: 22
ICFI Sortino Ratio Rank: 21
ICFI Omega Ratio Rank: 22
ICFI Calmar Ratio Rank: 24
ICFI Martin Ratio Rank: 21

ICF

ICF Risk / Return Rank: 24
ICF Sharpe Ratio Rank: 23
ICF Sortino Ratio Rank: 21
ICF Omega Ratio Rank: 22
ICF Calmar Ratio Rank: 27
ICF Martin Ratio Rank: 26

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.

ICFI vs. ICF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICF International, Inc. (ICFI) and iShares Cohen & Steers REIT ETF (ICF). 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.

	ICFI	ICF	Difference
Sharpe ratio Return per unit of total volatility	-0.41	0.78	-1.20
Sortino ratio Return per unit of downside risk	-0.36	1.13	-1.49
Omega ratio Gain probability vs. loss probability	0.96	1.14	-0.19
Calmar ratio Return relative to maximum drawdown	-0.46	1.30	-1.76
Martin ratio Return relative to average drawdown	-0.97	3.71	-4.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICFI vs. ICF - Sharpe Ratio Comparison

The current ICFI Sharpe Ratio is -0.41, which is lower than the ICF Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of ICFI and ICF, 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

	ICFI	ICF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	0.78	-1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.16	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.27	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.31	-0.03

Drawdowns

ICFI vs. ICF - Drawdown Comparison

The maximum ICFI drawdown since its inception was -65.65%, smaller than the maximum ICF drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for ICFI and ICF.

Drawdown Indicators

	ICFI	ICF	Difference
Max Drawdown Largest peak-to-trough decline	-65.65%	-76.74%	+11.09%
Max Drawdown (1Y) Largest decline over 1 year	-40.22%	-8.20%	-32.02%
Max Drawdown (3Y) Largest decline over 3 years	-65.65%	-17.25%	-48.40%
Max Drawdown (5Y) Largest decline over 5 years	-65.65%	-34.74%	-30.91%
Max Drawdown (10Y) Largest decline over 10 years	-65.65%	-40.22%	-25.43%
Current Drawdown Current decline from peak	-60.06%	-2.83%	-57.23%
Average Drawdown Average peak-to-trough decline	-18.65%	-14.18%	-4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.95%	2.88%	+16.07%

Volatility

ICFI vs. ICF - Volatility Comparison

ICF International, Inc. (ICFI) has a higher volatility of 14.52% compared to iShares Cohen & Steers REIT ETF (ICF) at 3.73%. This indicates that ICFI's price experiences larger fluctuations and is considered to be riskier than ICF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICFI	ICF	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.52%	3.73%	+10.79%
Volatility (6M) Calculated over the trailing 6-month period	29.26%	9.96%	+19.30%
Volatility (1Y) Calculated over the trailing 1-year period	35.45%	13.57%	+21.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.93%	18.91%	+12.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.72%	20.59%	+11.13%

Dividends

ICFI vs. ICF - Dividend Comparison

ICFI's dividend yield for the trailing twelve months is around 0.80%, less than ICF's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICF iShares Cohen & Steers REIT ETF	2.48%	2.88%	2.66%	2.76%	2.64%	1.82%	2.38%	2.55%	3.20%	3.10%	4.21%	3.30%
ICFI ICF International, Inc.	0.80%	0.66%	0.47%	0.42%	0.57%	0.55%	0.75%	0.61%	0.86%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ICFI and ICF in my portfolio?

ICFI and ICF have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ICFI or ICF?

ICFI has higher volatility (14.52%) compared to ICF (3.73%). In terms of maximum drawdown, ICFI dropped -65.65% vs ICF's -76.74%.

Which has better risk-adjusted returns?

ICF currently has the higher Sharpe Ratio (0.78 vs -0.41), 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.