ILCV vs. SPY
Compare and contrast key facts about iShares Morningstar Value ETF (ILCV) and SPDR S&P 500 ETF (SPY).
ILCV and SPY 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 ILCV-US - Morningstar US Large-Mid Cap Broad Value Index. It was launched on Jun 28, 2004. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both ILCV and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ILCV or SPY.
Performance
ILCV vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, ILCV achieves a 20.60% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, ILCV has underperformed SPY with an annualized return of 9.72%, while SPY has yielded a comparatively higher 13.10% annualized return.
ILCV
20.60%
1.21%
11.88%
28.20%
10.63%
9.72%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| ILCV | SPY | |
|---|---|---|
| Sharpe Ratio | 2.85 | 2.70 |
| Sortino Ratio | 3.90 | 3.60 |
| Omega Ratio | 1.52 | 1.50 |
| Calmar Ratio | 0.29 | 3.90 |
| Martin Ratio | 18.61 | 17.52 |
| Ulcer Index | 1.55% | 1.87% |
| Daily Std Dev | 10.12% | 12.14% |
| Max Drawdown | -100.00% | -55.19% |
| Current Drawdown | -99.97% | -0.85% |
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ILCV vs. SPY - Expense Ratio Comparison
ILCV has a 0.04% expense ratio, which is lower than SPY's 0.09% 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%.
Correlation
The correlation between ILCV and SPY is 0.90, 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.
Risk-Adjusted Performance
ILCV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Value ETF (ILCV) and SPDR S&P 500 ETF (SPY). 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.
Dividends
ILCV vs. SPY - Dividend Comparison
ILCV's dividend yield for the trailing twelve months is around 1.98%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILCV iShares Morningstar Value ETF | 1.98% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% | 2.44% | 2.51% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ILCV vs. SPY - Drawdown Comparison
The maximum ILCV drawdown since its inception was -100.00%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ILCV and SPY. For additional features, visit the drawdowns tool.
Volatility
ILCV vs. SPY - Volatility Comparison
The current volatility for iShares Morningstar Value ETF (ILCV) is 3.27%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that ILCV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.