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IDEV vs. IVLU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDEV vs. IVLU

Last updated Jun 14, 2026

IDEV (iShares Core MSCI International Developed Markets ETF) and IVLU (iShares MSCI International Value Factor ETF) are both Foreign Large Cap Equities funds from iShares - IDEV tracks the MSCI World ex USA Investable Market Index while IVLU tracks the MSCI World ex USA Enhanced Value Index. Both are passively managed. Over the past 5 years, IDEV returned 8.52%/yr vs 14.06%/yr for IVLU. Their correlation of 0.92 suggests significant overlap in exposure. IDEV charges 0.05%/yr vs 0.30%/yr for IVLU.

Performance

IDEV vs. IVLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI International Developed Markets ETF (IDEV) and iShares MSCI International Value Factor ETF (IVLU). 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 9.59% return, which is significantly lower than IVLU's 12.96% return.

IDEV

1D
0.42%
1M
2.88%
YTD
9.59%
6M
11.02%
1Y
23.58%
3Y*
17.03%
5Y*
8.52%
10Y*
—

IVLU

1D
0.56%
1M
2.48%
YTD
12.96%
6M
14.33%
1Y
35.32%
3Y*
23.53%
5Y*
14.06%
10Y*
11.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDEV vs. IVLU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IDEV
iShares Core MSCI International Developed Markets ETF		9.59%32.56%4.54%17.36%-14.99%13.00%8.32%23.12%-14.10%17.43%
IVLU
iShares MSCI International Value Factor ETF		12.96%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-15.10%17.06%

Correlation

The correlation between IDEV and IVLU is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.95

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2017

0.92

The correlation between IDEV and IVLU has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

IDEV vs. IVLU - Sectors Allocation Comparison

Sectors
IDEV
IVLU

Financial Services

24.0%
26.5%

Industrials

18.8%
18.8%

Technology

11.1%
10.6%

Healthcare

8.5%
9.0%

Basic Materials

8.3%
7.4%

Consumer Cyclical

7.7%
7.6%

Consumer Defensive

5.8%
6.0%

Energy

5.4%
5.5%

Communication Services

4.3%
3.7%

Utilities

3.4%
3.6%

Real Estate

2.7%
1.4%

Financial Services

IDEV
24.0%
IVLU
26.5%

Industrials

IDEV
18.8%
IVLU
18.8%

Technology

IDEV
11.1%
IVLU
10.6%

Healthcare

IDEV
8.5%
IVLU
9.0%

Basic Materials

IDEV
8.3%
IVLU
7.4%

Consumer Cyclical

IDEV
7.7%
IVLU
7.6%

Consumer Defensive

IDEV
5.8%
IVLU
6.0%

Energy

IDEV
5.4%
IVLU
5.5%

Communication Services

IDEV
4.3%
IVLU
3.7%

Utilities

IDEV
3.4%
IVLU
3.6%

Real Estate

IDEV
2.7%
IVLU
1.4%

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

iShares MSCI International Value Factor ETF

Often compared with IDEV:
IDEV vs. VYMIIDEV vs. VEAIDEV vs. IEFAIDEV vs. IXUSIDEV vs. SCHFIDEV vs. FDEVIDEV vs. VEU
Often compared with IVLU:
IVLU vs. DFIVIVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX

Return for Risk

IDEV vs. IVLU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDEV
IDEV Risk / Return Rank: 4848
Overall Rank
IDEV Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IDEV Sortino Ratio Rank: 4848
Sortino Ratio Rank
IDEV Omega Ratio Rank: 4747
Omega Ratio Rank
IDEV Calmar Ratio Rank: 4545
Calmar Ratio Rank
IDEV Martin Ratio Rank: 5252
Martin Ratio Rank
IVLU
IVLU Risk / Return Rank: 7373
Overall Rank
IVLU Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7777
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7676
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6767
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6969
Martin Ratio Rank
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.

IDEV vs. IVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI International Developed Markets ETF (IDEV) 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.

IDEVIVLUDifference
Sharpe ratioReturn per unit of total volatility
1.48
2.17

-0.69

Sortino ratioReturn per unit of downside risk
2.11
2.98

-0.87

Omega ratioGain probability vs. loss probability

1.27

1.39

-0.12

Calmar ratioReturn relative to maximum drawdown

1.99

2.90

-0.91

Martin ratioReturn relative to average drawdown

7.76

11.01

-3.25

IDEV vs. IVLU - Sharpe Ratio Comparison

The current IDEV Sharpe Ratio is 1.48, which is lower than the IVLU Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of IDEV and IVLU, 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. IVLU - Drawdown Comparison

The maximum IDEV drawdown since its inception was -34.77%, smaller than the maximum IVLU drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for IDEV and IVLU.

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Drawdown Indicators

IDEVIVLUDifference

Max Drawdown

Largest peak-to-trough decline

-34.77%

-41.85%

+7.08%

Max Drawdown (1Y)

Largest decline over 1 year

-11.20%

-11.69%

+0.49%

Max Drawdown (3Y)

Largest decline over 3 years

-13.41%

-15.48%

+2.07%

Max Drawdown (5Y)

Largest decline over 5 years

-29.15%

-26.04%

-3.11%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.85%

—

Current Drawdown

Current decline from peak

-0.37%

-0.53%

+0.16%

Average Drawdown

Average peak-to-trough decline

-6.55%

-8.57%

+2.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

3.09%

-0.22%

Volatility

IDEV vs. IVLU - Volatility Comparison

iShares Core MSCI International Developed Markets ETF (IDEV) and iShares MSCI International Value Factor ETF (IVLU) have volatilities of 5.30% and 5.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDEVIVLUDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.30%

5.44%

-0.14%

Volatility (6M)

Calculated over the trailing 6-month period

12.73%

12.85%

-0.12%

Volatility (1Y)

Calculated over the trailing 1-year period

15.07%

15.65%

-0.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.35%

16.58%

-0.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.29%

17.66%

-0.37%

IDEV vs. IVLU - Expense Ratio Comparison

IDEV has a 0.05% expense ratio, which is lower than IVLU's 0.30% expense ratio.

Dividends

IDEV vs. IVLU - Dividend Comparison

IDEV's dividend yield for the trailing twelve months is around 3.11%, less than IVLU's 3.28% yield.

PositionTTM20252024202320222021202020192018201720162015
IDEV
iShares Core MSCI International Developed Markets ETF		3.11%3.40%3.30%3.07%2.69%3.05%2.00%3.18%3.16%1.54%0.00%0.00%
IVLU
iShares MSCI International Value Factor ETF		3.28%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

With a correlation of 0.95, IDEV and IVLU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IVLU has higher volatility (5.44%) compared to IDEV (5.30%). In terms of maximum drawdown, IDEV dropped -34.77% vs IVLU's -41.85%.

On 5-year performance, IVLU leads with 14.06% vs 8.52% for IDEV. On fees, IDEV is cheaper at 0.05% per year. On volatility, IDEV has been the lower-risk option at 5.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IVLU has performed better with a 14.06% return vs 8.52%. 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 0.30% for IVLU.

IVLU has the higher dividend yield at 3.28%, compared with 3.11% for IDEV.

IDEV tracks MSCI World ex USA Investable Market Index, while IVLU tracks MSCI World ex USA Enhanced Value Index. Their fees differ too: 0.05% for IDEV and 0.30% for IVLU.

IVLU currently has the higher Sharpe Ratio (2.17 vs 1.48), 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.

Portfolio Optimizer

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