ILCV vs. DIVB
ILCV (iShares Morningstar Value ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - ILCV is a Large Cap Value Equities fund tracking the Morningstar US Large-Mid Cap Broad Value Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, ILCV returned 12.23%/yr vs 12.91%/yr for DIVB. Their correlation of 0.93 suggests significant overlap in exposure. ILCV charges 0.04%/yr vs 0.05%/yr for DIVB.
Performance
ILCV vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, ILCV achieves a 10.92% return, which is significantly lower than DIVB's 22.13% return.
ILCV
- 1D
- 0.21%
- 1M
- 2.30%
- 6M
- 8.58%
- YTD
- 10.92%
- 1Y
- 25.15%
- 3Y*
- 18.07%
- 5Y*
- 12.23%
- 10Y*
- 11.54%
DIVB
- 1D
- 0.94%
- 1M
- 3.79%
- 6M
- 19.39%
- YTD
- 22.13%
- 1Y
- 29.18%
- 3Y*
- 21.85%
- 5Y*
- 12.91%
- 10Y*
- —
ILCV vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILCV iShares Morningstar Value ETF | 10.92% | 18.79% | 17.03% | 14.43% | -7.02% | 26.71% | -0.84% | 25.19% | -6.24% | 5.14% |
DIVB iShares Core Dividend ETF | 22.13% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between ILCV and DIVB is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.93 |
The correlation between ILCV and DIVB shifts across timeframes, from 0.84 (1 year) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ILCV vs. DIVB — Risk / Return Rank
ILCV
DIVB
ILCV vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Value ETF (ILCV) and iShares Core Dividend ETF (DIVB). 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.
| ILCV | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.44 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 4.30 | -0.44 |
| Martin ratioReturn relative to average drawdown | 15.77 | 14.43 | +1.34 |
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Drawdowns
ILCV vs. DIVB - Drawdown Comparison
The maximum ILCV drawdown since its inception was -58.63%, which is greater than DIVB's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for ILCV and DIVB.
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Drawdown Indicators
| ILCV | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -36.93% | -21.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -6.82% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -15.45% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -21.08% | +2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -35.53% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -4.94% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.03% | -0.43% |
Volatility
ILCV vs. DIVB - Volatility Comparison
The current volatility for iShares Morningstar Value ETF (ILCV) is 2.74%, while iShares Core Dividend ETF (DIVB) has a volatility of 3.92%. This indicates that ILCV experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ILCV | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 3.92% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 9.02% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.00% | 11.90% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 15.30% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 18.34% | -1.72% |
ILCV vs. DIVB - Expense Ratio Comparison
ILCV has a 0.04% expense ratio, which is lower than DIVB's 0.05% 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%.
Dividends
ILCV vs. DIVB - Dividend Comparison
ILCV's dividend yield for the trailing twelve months is around 1.58%, less than DIVB's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.17% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
ILCV iShares Morningstar Value ETF | 1.58% | 1.77% | 1.99% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% |
Frequently Asked Questions
ILCV and DIVB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (3.92%) compared to ILCV (2.74%). In terms of maximum drawdown, ILCV dropped -58.63% vs DIVB's -36.93%.
On 5-year performance, DIVB leads with 12.91% vs 12.23% for ILCV. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 2.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.91% return vs 12.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILCV is cheaper with a 0.04% expense ratio, compared with 0.05% for DIVB.
DIVB has the higher dividend yield at 2.17%, compared with 1.58% for ILCV.
ILCV is categorized as Large Cap Value Equities, while DIVB is Dividend. ILCV tracks Morningstar US Large-Mid Cap Broad Value Index, while DIVB tracks Morningstar US Dividend and Buyback Index. Their fees differ too: 0.04% for ILCV and 0.05% for DIVB.
ILCV currently has the higher Sharpe Ratio (2.53 vs 2.47), 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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