IMCB vs. IMCV

Last updated Jun 3, 2026

IMCB (iShares Morningstar Mid-Cap ETF) and IMCV (iShares Morningstar Mid-Cap 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 IMCV is a Mid Cap Value Equities fund tracking the Morningstar US Mid Cap Broad Value Index. Both are passively managed. Over the past 10 years, IMCB returned 11.35%/yr vs 10.42%/yr for IMCV. Their correlation of 0.90 suggests significant overlap in exposure. IMCB charges 0.04%/yr vs 0.06%/yr for IMCV.

Performance

IMCB vs. IMCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Mid-Cap ETF (IMCB) and iShares Morningstar Mid-Cap ETF (IMCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMCB achieves a 15.00% return, which is significantly higher than IMCV's 10.19% return. Over the past 10 years, IMCB has outperformed IMCV with an annualized return of 11.35%, while IMCV has yielded a comparatively lower 10.42% annualized return.

IMCB

• 1D: 1.17%
• 1M: 4.93%
• YTD: 15.00%
• 6M: 15.90%
• 1Y: 24.63%
• 3Y*: 17.94%
• 5Y*: 9.00%
• 10Y*: 11.35%

IMCV

• 1D: 0.54%
• 1M: 1.44%
• YTD: 10.19%
• 6M: 12.46%
• 1Y: 24.37%
• 3Y*: 16.74%
• 5Y*: 8.82%
• 10Y*: 10.42%

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

IMCB vs. IMCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMCB iShares Morningstar Mid-Cap ETF	15.00%	10.25%	15.10%	16.37%	-16.09%	22.81%	13.35%	31.49%	-11.53%	19.70%
IMCV iShares Morningstar Mid-Cap ETF	10.19%	13.52%	12.28%	11.89%	-6.98%	33.56%	-4.11%	24.72%	-10.93%	12.60%

Correlation

The correlation between IMCB and IMCV is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jul 6, 2004	0.90

The correlation between IMCB and IMCV has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

IMCB vs. IMCV - Sectors Allocation Comparison

Sectors	IMCB	IMCV
Technology	21.3%	9.1%
Industrials	19.0%	12.1%
Financial Services	12.0%	15.6%
Consumer Cyclical	9.0%	8.7%
Healthcare	7.9%	8.5%
Energy	7.4%	12.5%
Utilities	6.2%	10.0%
Basic Materials	5.3%	6.5%
Consumer Defensive	5.1%	8.9%
Real Estate	4.3%	5.6%
Communication Services	2.3%	2.5%

Return for Risk

IMCB vs. IMCV — Risk / Return Rank

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

IMCB

IMCB Risk / Return Rank: 59
IMCB Sharpe Ratio Rank: 56
IMCB Sortino Ratio Rank: 57
IMCB Omega Ratio Rank: 54
IMCB Calmar Ratio Rank: 61
IMCB Martin Ratio Rank: 66

IMCV

IMCV Risk / Return Rank: 65
IMCV Sharpe Ratio Rank: 62
IMCV Sortino Ratio Rank: 65
IMCV Omega Ratio Rank: 60
IMCV Calmar Ratio Rank: 70
IMCV Martin Ratio Rank: 70

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.

IMCB vs. IMCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) and iShares Morningstar Mid-Cap ETF (IMCV). 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.

	IMCB	IMCV	Difference
Sharpe ratio Return per unit of total volatility	1.94	2.11	-0.17
Sortino ratio Return per unit of downside risk	2.75	3.04	-0.30
Omega ratio Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio Return relative to maximum drawdown	3.08	3.56	-0.48
Martin ratio Return relative to average drawdown	12.25	13.32	-1.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMCB vs. IMCV - Sharpe Ratio Comparison

The current IMCB Sharpe Ratio is 1.94, which is comparable to the IMCV Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of IMCB and IMCV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IMCB	IMCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	2.11	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.53	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.53	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.47	+0.03

Drawdowns

IMCB vs. IMCV - Drawdown Comparison

The maximum IMCB drawdown since its inception was -58.80%, smaller than the maximum IMCV drawdown of -64.74%. Use the drawdown chart below to compare losses from any high point for IMCB and IMCV.

Drawdown Indicators

	IMCB	IMCV	Difference
Max Drawdown Largest peak-to-trough decline	-58.80%	-64.74%	+5.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.05%	-6.90%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-19.80%	-18.63%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	-19.87%	-5.28%
Max Drawdown (10Y) Largest decline over 10 years	-40.99%	-46.33%	+5.34%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.73%	-8.42%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.85%	+0.18%

Volatility

IMCB vs. IMCV - Volatility Comparison

iShares Morningstar Mid-Cap ETF (IMCB) has a higher volatility of 3.37% compared to iShares Morningstar Mid-Cap ETF (IMCV) at 2.73%. This indicates that IMCB's price experiences larger fluctuations and is considered to be riskier than IMCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMCB	IMCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	2.73%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	8.02%	+1.59%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	11.63%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	16.63%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.65%	19.66%	-0.01%

IMCB vs. IMCV - Expense Ratio Comparison

IMCB has a 0.04% expense ratio, which is lower than IMCV's 0.06% 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. IMCV - Dividend Comparison

IMCB's dividend yield for the trailing twelve months is around 1.21%, less than IMCV's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IMCV iShares Morningstar Mid-Cap ETF	1.94%	2.23%	2.36%	2.30%	2.36%	1.86%	2.61%	2.45%	2.61%	1.87%	2.09%	2.29%

Frequently Asked Questions

Can I hold both IMCB and IMCV in my portfolio?

With a correlation of 0.91, IMCB and IMCV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IMCB or IMCV?

IMCB has higher volatility (3.37%) compared to IMCV (2.73%). In terms of maximum drawdown, IMCB dropped -58.80% vs IMCV's -64.74%.

Which ETF is better, IMCB or IMCV?

On 10-year performance, IMCB leads with 11.35% vs 10.42% for IMCV. On fees, IMCB is cheaper at 0.04% per year. On volatility, IMCV has been the lower-risk option at 2.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IMCB or IMCV?

Over the 10-year period, IMCB has performed better with a 11.35% return vs 10.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IMCB or IMCV?

IMCB is cheaper with a 0.04% expense ratio, compared with 0.06% for IMCV.

Which ETF pays a higher dividend yield, IMCB or IMCV?

IMCV has the higher dividend yield at 1.94%, compared with 1.21% for IMCB.

What is the main difference between IMCB and IMCV?

IMCB is categorized as Mid Cap Blend Equities, while IMCV is Mid Cap Value Equities. IMCB tracks IMCB-US - Morningstar U.S. Mid Cap Index, while IMCV tracks Morningstar US Mid Cap Broad Value Index. Their fees differ too: 0.04% for IMCB and 0.06% for IMCV.

Which has better risk-adjusted returns?

IMCV currently has the higher Sharpe Ratio (2.11 vs 1.94), 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.