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IDEV vs. IFLO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDEV vs. IFLO

Last updated Aug 2, 2026
Documentation

IDEV (iShares Core MSCI International Developed Markets ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds - IDEV tracks the MSCI World ex USA Investable Market Index while IFLO tracks the Victory International Free Cash Flow Index. Both are passively managed. Over the past year, IDEV returned 25.30% vs 36.91% for IFLO. Their correlation of 0.87 means they have usually moved in the same direction. IDEV charges 0.05%/yr vs 0.56%/yr for IFLO.

Performance

IDEV vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI International Developed Markets ETF (IDEV) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IDEV achieves a 11.37% return, which is significantly lower than IFLO's 22.59% return.

IDEV

1D
-0.72%
1M
1.04%
6M
6.43%
YTD
11.37%
1Y
25.30%
3Y*
16.97%
5Y*
9.25%
10Y*
—
ALL TIME*
9.52%

IFLO

1D
-1.73%
1M
3.06%
6M
17.38%
YTD
22.59%
1Y
36.91%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
34.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IDEV

iShares Core MSCI International Developed Markets ETF
$135.88M$124.12M$125.37M

IFLO

VictoryShares International Free Cash Flow ETF
$595.85K$548.57K$406.06K

IDEV vs. IFLO - Yearly Performance Comparison

2026 (YTD)2025
IDEV
iShares Core MSCI International Developed Markets ETF		11.37%12.95%
IFLO
VictoryShares International Free Cash Flow ETF		22.59%13.12%

Correlation

The correlation between IDEV and IFLO is 0.87, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.87

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2025

0.87

The correlation between IDEV and IFLO has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.

IDEV vs. IFLO - Sectors Allocation Comparison

Sectors
IDEV
IFLO

Financial Services

24.8%
0.8%

Industrials

18.4%
17.8%

Technology

11.9%
16.8%

Healthcare

8.7%
12.7%

Consumer Cyclical

7.6%
10.8%

Basic Materials

7.5%
13.8%

Consumer Defensive

6.0%
6.7%

Energy

5.0%
14.4%

Communication Services

3.9%
5.3%

Utilities

3.5%
0.8%

Real Estate

2.6%
0.0%

Financial Services

IDEV
24.8%
IFLO
0.8%

Industrials

IDEV
18.4%
IFLO
17.8%

Technology

IDEV
11.9%
IFLO
16.8%

Healthcare

IDEV
8.7%
IFLO
12.7%

Consumer Cyclical

IDEV
7.6%
IFLO
10.8%

Basic Materials

IDEV
7.5%
IFLO
13.8%

Consumer Defensive

IDEV
6.0%
IFLO
6.7%

Energy

IDEV
5.0%
IFLO
14.4%

Communication Services

IDEV
3.9%
IFLO
5.3%

Utilities

IDEV
3.5%
IFLO
0.8%

Real Estate

IDEV
2.6%
IFLO
0.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI International Developed Markets ETF

VictoryShares International Free Cash Flow ETF

Often compared with IDEV:
IDEV vs. VYMIIDEV vs. VEAIDEV vs. IEFAIDEV vs. IXUSIDEV vs. SCHFIDEV vs. FDEVIDEV vs. VEU
Often compared with IFLO:
IFLO vs. ABIIFLO vs. GLOWIFLO vs. FDTIFLO vs. EFASIFLO vs. HOLAIFLO vs. SPDWIFLO vs. CFA

Return for Risk

IDEV vs. IFLO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IDEV
IDEV Risk / Return Rank: 7171
Overall Rank
IDEV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IDEV Sortino Ratio Rank: 7373
Sortino Ratio Rank
IDEV Omega Ratio Rank: 7272
Omega Ratio Rank
IDEV Calmar Ratio Rank: 6565
Calmar Ratio Rank
IDEV Martin Ratio Rank: 7272
Martin Ratio Rank
IFLO
IFLO Risk / Return Rank: 9494
Overall Rank
IFLO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
IFLO Sortino Ratio Rank: 9393
Sortino Ratio Rank
IFLO Omega Ratio Rank: 9292
Omega Ratio Rank
IFLO Calmar Ratio Rank: 9696
Calmar Ratio Rank
IFLO Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IDEV vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI International Developed Markets ETF (IDEV) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

IDEVIFLODifference
Sharpe ratioReturn per unit of total volatility
1.66
2.57

-0.91

Sortino ratioReturn per unit of downside risk
2.34
3.60

-1.25

Omega ratioGain probability vs. loss probability

1.30

1.45

-0.16

Calmar ratioReturn relative to maximum drawdown

2.24

5.73

-3.49

Martin ratioReturn relative to average drawdown

8.85

19.78

-10.93

IDEV vs. IFLO - Sharpe Ratio Comparison

The current IDEV Sharpe Ratio is 1.66, which is lower than the IFLO Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of IDEV and IFLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IDEV vs. IFLO - Drawdown Comparison

The maximum IDEV drawdown since its inception was -34.77%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for IDEV and IFLO.

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Drawdown Indicators

IDEVIFLODifference

Max Drawdown

Largest peak-to-trough decline

-34.77%

-6.44%

-28.33%

Max Drawdown (1Y)

Largest decline over 1 year

-11.20%

-6.44%

-4.76%

Max Drawdown (3Y)

Largest decline over 3 years

-13.41%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-29.15%

—

—

Current Drawdown

Current decline from peak

-0.72%

-1.73%

+1.01%

Average Drawdown

Average peak-to-trough decline

-6.47%

-1.29%

-5.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

1.86%

+0.97%

Volatility

IDEV vs. IFLO - Volatility Comparison

iShares Core MSCI International Developed Markets ETF (IDEV) has a higher volatility of 4.44% compared to VictoryShares International Free Cash Flow ETF (IFLO) at 4.10%. This indicates that IDEV's price experiences larger fluctuations and is considered to be riskier than IFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDEVIFLODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.44%

4.10%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

13.19%

12.32%

+0.87%

Volatility (1Y)

Calculated over the trailing 1-year period

15.21%

14.41%

+0.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.36%

14.59%

+1.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.25%

14.59%

+2.66%

IDEV vs. IFLO - Expense Ratio Comparison

IDEV has a 0.05% expense ratio, which is lower than IFLO's 0.56% expense ratio.

Dividends

IDEV vs. IFLO - Dividend Comparison

IDEV's dividend yield for the trailing twelve months is around 3.18%, more than IFLO's 1.52% yield.

PositionTTM202520242023202220212020201920182017
IDEV
iShares Core MSCI International Developed Markets ETF		3.18%3.40%3.30%3.07%2.69%3.05%2.00%3.18%3.16%1.54%
IFLO
VictoryShares International Free Cash Flow ETF		1.52%0.73%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IDEV and IFLO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IDEV has higher volatility (4.44%) compared to IFLO (4.10%). In terms of maximum drawdown, IDEV dropped -34.77% vs IFLO's -6.44%.

On 1-year performance, IFLO leads with 36.91% vs 25.30% for IDEV. On fees, IDEV is cheaper at 0.05% per year. On volatility, IFLO has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IFLO has performed better with a 36.91% return vs 25.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IDEV is cheaper with a 0.05% expense ratio, compared with 0.56% for IFLO.

IDEV has the higher dividend yield at 3.18%, compared with 1.52% for IFLO.

IDEV tracks MSCI World ex USA Investable Market Index, while IFLO tracks Victory International Free Cash Flow Index. They also come from different issuers: iShares and VictoryShares. Their fees differ too: 0.05% for IDEV and 0.56% for IFLO.

IFLO currently has the higher Sharpe Ratio (2.57 vs 1.66), 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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