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ILCB vs. ILCV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ILCB vs. ILCV

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Morningstar U.S. Equity ETF (ILCB) and iShares Morningstar Value ETF (ILCV).

ILCB and ILCV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ILCB is a passively managed fund by iShares that tracks the performance of the Morningstar US Large-Mid Cap Index. It was launched on Jun 28, 2004. ILCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Large-Mid Cap Broad Value Index. It was launched on Jun 28, 2004. Both ILCB and ILCV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ILCB vs. ILCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar U.S. Equity ETF (ILCB) and iShares Morningstar Value ETF (ILCV). The values are adjusted to include any dividend payments, if applicable.

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ILCB vs. ILCV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ILCB
iShares Morningstar U.S. Equity ETF		-4.57%17.70%24.96%26.91%-19.48%24.07%19.40%32.68%-8.51%22.09%
ILCV
iShares Morningstar Value ETF		-0.92%18.79%17.03%14.43%-7.02%26.71%-0.84%25.19%-6.24%15.00%

Returns By Period

In the year-to-date period, ILCB achieves a -4.57% return, which is significantly lower than ILCV's -0.92% return. Over the past 10 years, ILCB has outperformed ILCV with an annualized return of 13.49%, while ILCV has yielded a comparatively lower 10.99% annualized return.

ILCB

1D
2.92%
1M
-4.96%
YTD
-4.57%
6M
-2.23%
1Y
17.62%
3Y*
18.30%
5Y*
11.15%
10Y*
13.49%

ILCV

1D
1.96%
1M
-4.49%
YTD
-0.92%
6M
4.39%
1Y
16.47%
3Y*
15.74%
5Y*
10.84%
10Y*
10.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

iShares Morningstar U.S. Equity ETF

iShares Morningstar Value ETF

Often compared with ILCB:
ILCB vs. ILCGILCB vs. VOOILCB vs. IVVILCB vs. SPYILCB vs. VTIILCB vs. SCHBILCB vs. BBUS
Often compared with ILCV:
ILCV vs. VTVILCV vs. AVLVILCV vs. FIOOXILCV vs. SCHDILCV vs. ilcbILCV vs. SPYILCV vs. MGV

ILCB vs. ILCV - Expense Ratio Comparison

ILCB has a 0.03% expense ratio, which is lower than ILCV's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

ILCV
iShares Morningstar Value ETF
ILCB
iShares Morningstar U.S. Equity ETF

Return for Risk

ILCB vs. ILCV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ILCB
ILCB Risk / Return Rank: 6262
Overall Rank
ILCB Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
ILCB Sortino Ratio Rank: 5858
Sortino Ratio Rank
ILCB Omega Ratio Rank: 6363
Omega Ratio Rank
ILCB Calmar Ratio Rank: 6262
Calmar Ratio Rank
ILCB Martin Ratio Rank: 7171
Martin Ratio Rank
ILCV
ILCV Risk / Return Rank: 6666
Overall Rank
ILCV Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
ILCV Sortino Ratio Rank: 6464
Sortino Ratio Rank
ILCV Omega Ratio Rank: 6868
Omega Ratio Rank
ILCV Calmar Ratio Rank: 6161
Calmar Ratio Rank
ILCV Martin Ratio Rank: 7272
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.

ILCB vs. ILCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) and iShares Morningstar Value ETF (ILCV). 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.

ILCBILCVDifference

Sharpe ratio

Return per unit of total volatility

0.96

1.08

-0.12

Sortino ratio

Return per unit of downside risk

1.47

1.57

-0.10

Omega ratio

Gain probability vs. loss probability

1.22

1.24

-0.02

Calmar ratio

Return relative to maximum drawdown

1.51

1.50

+0.01

Martin ratio

Return relative to average drawdown

7.11

7.14

-0.02

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ILCB vs. ILCV - Sharpe Ratio Comparison

The current ILCB Sharpe Ratio is 0.96, which is comparable to the ILCV Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of ILCB and ILCV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ILCBILCVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.96

1.08

-0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.76

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

0.66

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.44

+0.16

Correlation

The correlation between ILCB and ILCV is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ILCB vs. ILCV - Dividend Comparison

ILCB's dividend yield for the trailing twelve months is around 1.13%, less than ILCV's 1.77% yield.

TTM20252024202320222021202020192018201720162015
ILCB
iShares Morningstar U.S. Equity ETF		1.13%1.11%1.19%1.43%1.65%1.16%1.26%2.25%2.17%1.81%1.97%2.44%
ILCV
iShares Morningstar Value ETF		1.77%1.77%1.99%2.27%2.32%2.01%2.96%2.70%2.93%2.32%2.76%3.01%

Drawdowns

ILCB vs. ILCV - Drawdown Comparison

The maximum ILCB drawdown since its inception was -51.53%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for ILCB and ILCV.

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Drawdown Indicators

ILCBILCVDifference

Max Drawdown

Largest peak-to-trough decline

-51.53%

-58.63%

+7.10%

Max Drawdown (1Y)

Largest decline over 1 year

-12.07%

-11.82%

-0.25%

Max Drawdown (5Y)

Largest decline over 5 years

-25.47%

-18.58%

-6.89%

Max Drawdown (10Y)

Largest decline over 10 years

-35.30%

-35.53%

+0.23%

Current Drawdown

Current decline from peak

-6.44%

-4.72%

-1.72%

Average Drawdown

Average peak-to-trough decline

-6.28%

-9.39%

+3.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.57%

2.48%

+0.09%

Volatility

ILCB vs. ILCV - Volatility Comparison

iShares Morningstar U.S. Equity ETF (ILCB) has a higher volatility of 5.34% compared to iShares Morningstar Value ETF (ILCV) at 3.81%. This indicates that ILCB's price experiences larger fluctuations and is considered to be riskier than ILCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ILCBILCVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.34%

3.81%

+1.53%

Volatility (6M)

Calculated over the trailing 6-month period

9.62%

7.65%

+1.97%

Volatility (1Y)

Calculated over the trailing 1-year period

18.41%

15.31%

+3.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.13%

14.26%

+2.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.14%

16.68%

+1.46%