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IFLO vs. IDEV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IFLO vs. IDEV

Last updated Aug 2, 2026
Documentation

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

Performance

IFLO vs. IDEV - Performance Comparison

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

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Returns By Period

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

IFLO

1D
-1.73%
1M
3.06%
6M
17.38%
YTD
22.59%
1Y
36.91%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
34.80%

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%
*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

IFLO vs. IDEV - Yearly Performance Comparison

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

Correlation

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

IFLO vs. IDEV - Sectors Allocation Comparison

Sectors
IFLO
IDEV

Industrials

17.8%
18.4%

Technology

16.8%
11.9%

Energy

14.4%
5.0%

Basic Materials

13.8%
7.5%

Healthcare

12.7%
8.7%

Consumer Cyclical

10.8%
7.6%

Consumer Defensive

6.7%
6.0%

Communication Services

5.3%
3.9%

Financial Services

0.8%
24.8%

Utilities

0.8%
3.5%

Real Estate

0.0%
2.6%

Industrials

IFLO
17.8%
IDEV
18.4%

Technology

IFLO
16.8%
IDEV
11.9%

Energy

IFLO
14.4%
IDEV
5.0%

Basic Materials

IFLO
13.8%
IDEV
7.5%

Healthcare

IFLO
12.7%
IDEV
8.7%

Consumer Cyclical

IFLO
10.8%
IDEV
7.6%

Consumer Defensive

IFLO
6.7%
IDEV
6.0%

Communication Services

IFLO
5.3%
IDEV
3.9%

Financial Services

IFLO
0.8%
IDEV
24.8%

Utilities

IFLO
0.8%
IDEV
3.5%

Real Estate

IFLO
0.0%
IDEV
2.6%

Compare stocks, funds, or ETFs

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

VictoryShares International Free Cash Flow ETF

iShares Core MSCI International Developed Markets ETF

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

Return for Risk

IFLO vs. IDEV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
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
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
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.

IFLO vs. IDEV - Risk-Adjusted Trends Comparison

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

IFLOIDEVDifference
Sharpe ratioReturn per unit of total volatility
2.57
1.66

+0.91

Sortino ratioReturn per unit of downside risk
3.60
2.34

+1.25

Omega ratioGain probability vs. loss probability

1.45

1.30

+0.16

Calmar ratioReturn relative to maximum drawdown

5.73

2.24

+3.49

Martin ratioReturn relative to average drawdown

19.78

8.85

+10.93

IFLO vs. IDEV - Sharpe Ratio Comparison

The current IFLO Sharpe Ratio is 2.57, which is higher than the IDEV Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of IFLO and IDEV, 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

IFLO vs. IDEV - Drawdown Comparison

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

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Drawdown Indicators

IFLOIDEVDifference

Max Drawdown

Largest peak-to-trough decline

-6.44%

-34.77%

+28.33%

Max Drawdown (1Y)

Largest decline over 1 year

-6.44%

-11.20%

+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

-1.73%

-0.72%

-1.01%

Average Drawdown

Average peak-to-trough decline

-1.29%

-6.47%

+5.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.86%

2.83%

-0.97%

Volatility

IFLO vs. IDEV - Volatility Comparison

The current volatility for VictoryShares International Free Cash Flow ETF (IFLO) is 4.10%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 4.44%. This indicates that IFLO experiences smaller price fluctuations and is considered to be less risky than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IFLOIDEVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.10%

4.44%

-0.34%

Volatility (6M)

Calculated over the trailing 6-month period

12.32%

13.19%

-0.87%

Volatility (1Y)

Calculated over the trailing 1-year period

14.41%

15.21%

-0.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.59%

16.36%

-1.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.59%

17.25%

-2.66%

IFLO vs. IDEV - Expense Ratio Comparison

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

Dividends

IFLO vs. IDEV - Dividend Comparison

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

IFLO and IDEV 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, IFLO dropped -6.44% vs IDEV's -34.77%.

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.

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

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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