IGF vs. IVE

Last updated Aug 2, 2026

IGF (iShares Global Infrastructure ETF) and IVE (iShares S&P 500 Value ETF) are both exchange-traded funds - IGF is a Infrastructure Equities fund tracking the S&P Global Infrastructure Index (Net), while IVE is a Large Cap Value Equities fund tracking the S&P 500 Value Index. Both are passively managed. Over the past 10 years, IGF returned 8.14%/yr vs 11.78%/yr for IVE. Their 0.74 correlation means they have sometimes moved together and sometimes differently. IGF charges 0.39%/yr vs 0.18%/yr for IVE.

Performance

IGF vs. IVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Infrastructure ETF (IGF) and iShares S&P 500 Value ETF (IVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IGF having a 10.41% return and IVE slightly lower at 10.10%. Over the past 10 years, IGF has underperformed IVE with an annualized return of 8.14%, while IVE has yielded a comparatively higher 11.78% annualized return.

IGF

• 1D: -0.28%
• 1M: -0.09%
• 6M: 5.19%
• YTD: 10.41%
• 1Y: 16.30%
• 3Y*: 16.16%
• 5Y*: 11.05%
• 10Y*: 8.14%
• ALL TIME*: 4.91%

IVE

• 1D: -0.19%
• 1M: 0.66%
• 6M: 7.48%
• YTD: 10.10%
• 1Y: 21.16%
• 3Y*: 13.76%
• 5Y*: 11.36%
• 10Y*: 11.78%
• ALL TIME*: 7.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IGF iShares Global Infrastructure ETF	$38.15M	$37.64M	$47.97M
IVE iShares S&P 500 Value ETF	$168.69M	$149.09M	$229.92M

IGF vs. IVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGF iShares Global Infrastructure ETF	10.41%	21.31%	14.81%	6.14%	-1.26%	11.57%	-6.50%	25.82%	-9.95%	19.31%
IVE iShares S&P 500 Value ETF	10.10%	13.02%	12.03%	22.07%	-5.41%	24.72%	1.22%	31.62%	-9.22%	15.24%

Correlation

The correlation between IGF and IVE is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Dec 12, 2007	0.74

Over the past year, the correlation between IGF and IVE has dropped to 0.54 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

IGF vs. IVE - Sectors Allocation Comparison

Sectors	IGF	IVE
Utilities	40.0%	4.5%
Industrials	36.4%	10.9%
Energy	20.5%	6.6%
Real Estate	0.1%	3.3%
Basic Materials	-	3.3%
Communication Services	-	2.9%
Consumer Cyclical	-	10.6%
Consumer Defensive	-	8.8%
Financial Services	-	15.0%
Healthcare	-	12.2%
Technology	-	21.7%

Return for Risk

IGF vs. IVE — Risk / Return Rank

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

IGF

IGF Risk / Return Rank: 69
IGF Sharpe Ratio Rank: 69
IGF Sortino Ratio Rank: 69
IGF Omega Ratio Rank: 66
IGF Calmar Ratio Rank: 79
IGF Martin Ratio Rank: 63

IVE

IVE Risk / Return Rank: 85
IVE Sharpe Ratio Rank: 85
IVE Sortino Ratio Rank: 84
IVE Omega Ratio Rank: 84
IVE Calmar Ratio Rank: 84
IVE Martin Ratio Rank: 86

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.

IGF vs. IVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) and iShares S&P 500 Value ETF (IVE). 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.

	IGF	IVE	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.99	-0.43
Sortino ratio: Return per unit of downside risk	2.25	2.78	-0.54
Omega ratio: Gain probability vs. loss probability	1.28	1.36	-0.08
Calmar ratio: Return relative to maximum drawdown	2.83	3.18	-0.35
Martin ratio: Return relative to average drawdown	7.59	12.27	-4.68

IGF vs. IVE - Sharpe Ratio Comparison

The current IGF Sharpe Ratio is 1.55, which is comparable to the IVE Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of IGF and IVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGF vs. IVE - Drawdown Comparison

The maximum IGF drawdown since its inception was -58.33%, roughly equal to the maximum IVE drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for IGF and IVE.

Drawdown Indicators

	IGF	IVE	Difference
Max Drawdown Largest peak-to-trough decline	-58.33%	-61.32%	+2.99%
Max Drawdown (1Y) Largest decline over 1 year	-5.87%	-6.19%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-11.31%	-17.58%	+6.27%
Max Drawdown (5Y) Largest decline over 5 years	-20.83%	-18.04%	-2.79%
Max Drawdown (10Y) Largest decline over 10 years	-42.11%	-37.04%	-5.07%
Current Drawdown Current decline from peak	-2.34%	-1.16%	-1.18%
Average Drawdown Average peak-to-trough decline	-11.79%	-10.04%	-1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	1.60%	+0.59%

Volatility

IGF vs. IVE - Volatility Comparison

iShares Global Infrastructure ETF (IGF) and iShares S&P 500 Value ETF (IVE) have volatilities of 2.75% and 2.67%, 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.

Volatility by Period

	IGF	IVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	2.67%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.92%	7.13%	+1.79%
Volatility (1Y) Calculated over the trailing 1-year period	10.69%	9.93%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	14.31%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	16.89%	-0.18%

IGF vs. IVE - Expense Ratio Comparison

IGF has a 0.39% expense ratio, which is higher than IVE's 0.18% expense ratio.

Dividends

IGF vs. IVE - Dividend Comparison

IGF's dividend yield for the trailing twelve months is around 2.89%, more than IVE's 1.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGF iShares Global Infrastructure ETF	2.89%	3.23%	3.21%	3.36%	2.67%	2.42%	2.33%	3.27%	3.52%	2.95%	2.98%	3.25%
IVE iShares S&P 500 Value ETF	1.53%	1.61%	2.04%	1.65%	2.10%	1.81%	2.37%	2.11%	2.74%	2.12%	2.26%	2.44%

Frequently Asked Questions

Can I hold both IGF and IVE in my portfolio?

IGF and IVE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGF or IVE?

IGF has higher volatility (2.75%) compared to IVE (2.67%). In terms of maximum drawdown, IGF dropped -58.33% vs IVE's -61.32%.

Which ETF is better, IGF or IVE?

On 10-year performance, IVE leads with 11.78% vs 8.14% for IGF. On fees, IVE is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGF or IVE?

Over the 10-year period, IVE has performed better with a 11.78% return vs 8.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGF or IVE?

IVE is cheaper with a 0.18% expense ratio, compared with 0.39% for IGF.

Which ETF pays a higher dividend yield, IGF or IVE?

IGF has the higher dividend yield at 2.89%, compared with 1.53% for IVE.

What is the main difference between IGF and IVE?

IGF is categorized as Infrastructure Equities, while IVE is Large Cap Value Equities. IGF tracks S&P Global Infrastructure Index (Net), while IVE tracks S&P 500 Value Index. Their fees differ too: 0.39% for IGF and 0.18% for IVE.

Which has better risk-adjusted returns?

IVE currently has the higher Sharpe Ratio (1.99 vs 1.55), 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.