ICPY vs. IVLU

Last updated Jun 27, 2026

ICPY (Tweedy, Browne International Insider + Value ETF) and IVLU (iShares MSCI International Value Factor ETF) are both Foreign Large Cap Equities funds. ICPY is actively managed, while IVLU is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. ICPY charges 0.80%/yr vs 0.30%/yr for IVLU.

Performance

ICPY vs. IVLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne International Insider + Value ETF (ICPY) and iShares MSCI International Value Factor ETF (IVLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICPY achieves a 12.60% return, which is significantly higher than IVLU's 11.25% return.

ICPY

• 1D: -0.08%
• 1M: -1.61%
• YTD: 12.60%
• 6M: 13.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVLU

• 1D: -0.60%
• 1M: -1.67%
• YTD: 11.25%
• 6M: 10.70%
• 1Y: 32.31%
• 3Y*: 23.24%
• 5Y*: 14.22%
• 10Y*: 11.64%

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

ICPY vs. IVLU - Yearly Performance Comparison

	2026 (YTD)	2025
ICPY Tweedy, Browne International Insider + Value ETF	12.60%	13.79%
IVLU iShares MSCI International Value Factor ETF	11.25%	9.79%

Correlation

The correlation between ICPY and IVLU is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.78

Return for Risk

ICPY vs. IVLU — Risk / Return Rank

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

ICPY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IVLU

IVLU Risk / Return Rank: 69
IVLU Sharpe Ratio Rank: 73
IVLU Sortino Ratio Rank: 72
IVLU Omega Ratio Rank: 71
IVLU Calmar Ratio Rank: 63
IVLU Martin Ratio Rank: 66

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.

ICPY vs. IVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Insider + Value ETF (ICPY) and iShares MSCI International Value Factor ETF (IVLU). 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.

	ICPY	IVLU	Difference
Sharpe ratio: Return per unit of total volatility	—	2.08	—
Sortino ratio: Return per unit of downside risk	—	2.86	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	2.78	—
Martin ratio: Return relative to average drawdown	—	10.50	—

Drawdowns

ICPY vs. IVLU - Drawdown Comparison

The maximum ICPY drawdown since its inception was -8.86%, smaller than the maximum IVLU drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for ICPY and IVLU.

Drawdown Indicators

	ICPY	IVLU	Difference
Max Drawdown Largest peak-to-trough decline	-8.86%	-41.85%	+32.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.85%	—
Current Drawdown Current decline from peak	-2.71%	-2.25%	-0.46%
Average Drawdown Average peak-to-trough decline	-1.57%	-8.55%	+6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.08%	—

Volatility

Volatility by Period

	ICPY	IVLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.09%	15.64%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	16.54%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	17.41%	-2.32%

ICPY vs. IVLU - Expense Ratio Comparison

ICPY has a 0.80% expense ratio, which is higher than IVLU's 0.30% expense ratio.

Dividends

ICPY vs. IVLU - Dividend Comparison

ICPY's dividend yield for the trailing twelve months is around 4.05%, more than IVLU's 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICPY Tweedy, Browne International Insider + Value ETF	4.05%	4.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IVLU iShares MSCI International Value Factor ETF	3.38%	3.71%	4.46%	4.69%	3.59%	3.47%	2.05%	3.53%	2.82%	2.87%	2.53%	0.93%

Frequently Asked Questions

Can I hold both ICPY and IVLU in my portfolio?

ICPY and IVLU have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ICPY or IVLU?

On fees, IVLU is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ICPY or IVLU?

IVLU is cheaper with a 0.30% expense ratio, compared with 0.80% for ICPY.

Which ETF pays a higher dividend yield, ICPY or IVLU?

ICPY has the higher dividend yield at 4.05%, compared with 3.38% for IVLU.

What is the main difference between ICPY and IVLU?

They also come from different issuers: Tweedy, Browne and iShares. Their fees differ too: 0.80% for ICPY and 0.30% for IVLU.