IMCB vs. DIVB
IMCB (iShares Morningstar Mid-Cap ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - IMCB is a Mid Cap Blend Equities fund tracking the IMCB-US - Morningstar U.S. Mid Cap Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, IMCB returned 8.79%/yr vs 12.24%/yr for DIVB. Their correlation of 0.89 suggests significant overlap in exposure. IMCB charges 0.04%/yr vs 0.05%/yr for DIVB.
Performance
IMCB vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, IMCB achieves a 15.22% return, which is significantly lower than DIVB's 17.67% return.
IMCB
- 1D
- 1.00%
- 1M
- 5.50%
- YTD
- 15.22%
- 6M
- 14.34%
- 1Y
- 24.76%
- 3Y*
- 16.91%
- 5Y*
- 8.79%
- 10Y*
- 11.53%
DIVB
- 1D
- 1.11%
- 1M
- 6.33%
- YTD
- 17.67%
- 6M
- 16.46%
- 1Y
- 29.56%
- 3Y*
- 21.12%
- 5Y*
- 12.24%
- 10Y*
- —
IMCB vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 15.22% | 10.25% | 15.10% | 16.37% | -16.09% | 22.81% | 13.35% | 31.49% | -11.53% | 4.60% |
DIVB iShares Core Dividend ETF | 17.67% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between IMCB and DIVB is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.89 |
The correlation between IMCB and DIVB has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
IMCB vs. DIVB — Risk / Return Rank
IMCB
DIVB
IMCB vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) 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.
| IMCB | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 4.16 | -1.24 |
| Martin ratioReturn relative to average drawdown | 11.45 | 14.00 | -2.55 |
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Drawdowns
IMCB vs. DIVB - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, which is greater than DIVB's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for IMCB and DIVB.
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Drawdown Indicators
| IMCB | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -36.93% | -21.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -6.82% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -15.45% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -21.08% | -4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.66% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -4.98% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.03% | +0.02% |
Volatility
IMCB vs. DIVB - Volatility Comparison
iShares Morningstar Mid-Cap ETF (IMCB) and iShares Core Dividend ETF (DIVB) have volatilities of 4.70% and 4.48%, 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.
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Volatility by Period
| IMCB | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.48% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 8.81% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 11.69% | +1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 15.29% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 18.38% | +1.29% |
IMCB vs. DIVB - Expense Ratio Comparison
IMCB 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
IMCB vs. DIVB - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.21%, less than DIVB's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.18% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
IMCB iShares Morningstar Mid-Cap ETF | 1.21% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
Frequently Asked Questions
IMCB and DIVB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMCB has higher volatility (4.70%) compared to DIVB (4.48%). In terms of maximum drawdown, IMCB dropped -58.80% vs DIVB's -36.93%.
On 5-year performance, DIVB leads with 12.24% vs 8.79% for IMCB. On fees, IMCB is cheaper at 0.04% per year. On volatility, DIVB has been the lower-risk option at 4.48%. 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 12.24% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMCB is cheaper with a 0.04% expense ratio, compared with 0.05% for DIVB.
DIVB has the higher dividend yield at 2.18%, compared with 1.21% for IMCB.
IMCB is categorized as Mid Cap Blend Equities, while DIVB is Dividend. IMCB tracks IMCB-US - Morningstar U.S. Mid Cap Index, while DIVB tracks Morningstar US Dividend and Buyback Index. Their fees differ too: 0.04% for IMCB and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.43 vs 1.77), 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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