ILCV vs. JPUS

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Morningstar Value ETF (ILCV) and JPMorgan Diversified Return US Equity ETF (JPUS).

ILCV and JPUS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. JPUS is a passively managed fund by JPMorgan that tracks the performance of the JPMorgan Diversified Factor US Equity Index. It was launched on Sep 29, 2015. Both ILCV and JPUS 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

ILCV vs. JPUS - Performance Comparison

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

ILCV vs. JPUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
JPUS JPMorgan Diversified Return US Equity ETF	5.49%	11.18%	13.48%	10.98%	-8.47%	29.09%	7.54%	25.50%	-6.14%	20.58%

Returns By Period

In the year-to-date period, ILCV achieves a -0.92% return, which is significantly lower than JPUS's 5.49% return. Both investments have delivered pretty close results over the past 10 years, with ILCV having a 10.99% annualized return and JPUS not far ahead at 11.08%.

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%

JPUS

• 1D: 1.68%
• 1M: -4.62%
• YTD: 5.49%
• 6M: 6.29%
• 1Y: 15.64%
• 3Y*: 13.41%
• 5Y*: 9.55%
• 10Y*: 11.08%

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

ILCV vs. JPUS - Expense Ratio Comparison

ILCV has a 0.04% expense ratio, which is lower than JPUS's 0.18% 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%.

JPUS

JPMorgan Diversified Return US Equity ETF

ILCV

iShares Morningstar Value ETF

Return for Risk

ILCV vs. JPUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ILCV

ILCV Risk / Return Rank: 66
ILCV Sharpe Ratio Rank: 64
ILCV Sortino Ratio Rank: 64
ILCV Omega Ratio Rank: 68
ILCV Calmar Ratio Rank: 61
ILCV Martin Ratio Rank: 72

JPUS

JPUS Risk / Return Rank: 62
JPUS Sharpe Ratio Rank: 61
JPUS Sortino Ratio Rank: 62
JPUS Omega Ratio Rank: 61
JPUS Calmar Ratio Rank: 58
JPUS Martin Ratio Rank: 69

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.

ILCV vs. JPUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Value ETF (ILCV) and JPMorgan Diversified Return US Equity ETF (JPUS). 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.

	ILCV	JPUS	Difference
Sharpe ratio Return per unit of total volatility	1.08	1.05	+0.03
Sortino ratio Return per unit of downside risk	1.57	1.55	+0.02
Omega ratio Gain probability vs. loss probability	1.24	1.22	+0.02
Calmar ratio Return relative to maximum drawdown	1.50	1.45	+0.06
Martin ratio Return relative to average drawdown	7.14	6.85	+0.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ILCV vs. JPUS - Sharpe Ratio Comparison

The current ILCV Sharpe Ratio is 1.08, which is comparable to the JPUS Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ILCV and JPUS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ILCV	JPUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	1.05	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.66	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.66	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.69	-0.25

Correlation

The correlation between ILCV and JPUS is 0.88, 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

ILCV vs. JPUS - Dividend Comparison

ILCV's dividend yield for the trailing twelve months is around 1.77%, less than JPUS's 2.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
JPUS JPMorgan Diversified Return US Equity ETF	2.16%	2.27%	2.12%	2.26%	2.35%	1.67%	1.94%	2.09%	2.16%	1.25%	0.77%	0.48%

Drawdowns

ILCV vs. JPUS - Drawdown Comparison

The maximum ILCV drawdown since its inception was -58.63%, which is greater than JPUS's maximum drawdown of -38.69%. Use the drawdown chart below to compare losses from any high point for ILCV and JPUS.

Drawdown Indicators

	ILCV	JPUS	Difference
Max Drawdown Largest peak-to-trough decline	-58.63%	-38.69%	-19.94%
Max Drawdown (1Y) Largest decline over 1 year	-11.82%	-11.63%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-18.58%	-19.04%	+0.46%
Max Drawdown (10Y) Largest decline over 10 years	-35.53%	-38.69%	+3.16%
Current Drawdown Current decline from peak	-4.72%	-4.68%	-0.04%
Average Drawdown Average peak-to-trough decline	-9.39%	-3.87%	-5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.45%	+0.03%

Volatility

ILCV vs. JPUS - Volatility Comparison

The current volatility for iShares Morningstar Value ETF (ILCV) is 3.81%, while JPMorgan Diversified Return US Equity ETF (JPUS) has a volatility of 4.12%. This indicates that ILCV experiences smaller price fluctuations and is considered to be less risky than JPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILCV	JPUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	4.12%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	7.76%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	14.93%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	14.52%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	16.74%	-0.06%