IMCB vs. IQSM
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCB) and IQ Candriam U.S. Mid Cap Equity ETF (IQSM).
IMCB and IQSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004. IQSM is a passively managed fund by IndexIQ that tracks the performance of the IQ Candriam ESG U.S. Mid Cap Equity Index - Benchmark TR Net. It was launched on Oct 24, 2022. Both IMCB and IQSM 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
IMCB vs. IQSM - Performance Comparison
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IMCB vs. IQSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.14% | 10.25% | 15.10% | 16.37% | 2.89% |
IQSM IQ Candriam U.S. Mid Cap Equity ETF | 0.51% | 7.97% | 9.15% | 15.82% | 2.29% |
Returns By Period
In the year-to-date period, IMCB achieves a 1.14% return, which is significantly higher than IQSM's 0.51% return.
IMCB
- 1D
- 2.52%
- 1M
- -5.47%
- YTD
- 1.14%
- 6M
- 1.17%
- 1Y
- 14.21%
- 3Y*
- 12.90%
- 5Y*
- 7.16%
- 10Y*
- 10.27%
IQSM
- 1D
- 2.88%
- 1M
- -5.45%
- YTD
- 0.51%
- 6M
- 2.98%
- 1Y
- 14.99%
- 3Y*
- 9.92%
- 5Y*
- —
- 10Y*
- —
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IMCB vs. IQSM - Expense Ratio Comparison
IMCB has a 0.04% expense ratio, which is lower than IQSM's 0.15% 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%.
Return for Risk
IMCB vs. IQSM — Risk / Return Rank
IMCB
IQSM
IMCB vs. IQSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) and IQ Candriam U.S. Mid Cap Equity ETF (IQSM). 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 | IQSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.73 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.17 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.07 | +0.08 |
Martin ratioReturn relative to average drawdown | 5.35 | 4.55 | +0.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IMCB | IQSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.73 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.58 | -0.10 |
Correlation
The correlation between IMCB and IQSM is 0.96, 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
IMCB vs. IQSM - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.38%, more than IQSM's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.38% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
IQSM IQ Candriam U.S. Mid Cap Equity ETF | 1.18% | 1.18% | 1.22% | 1.11% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IMCB vs. IQSM - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, which is greater than IQSM's maximum drawdown of -23.66%. Use the drawdown chart below to compare losses from any high point for IMCB and IQSM.
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Drawdown Indicators
| IMCB | IQSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -23.66% | -35.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -13.94% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | — | — |
Current DrawdownCurrent decline from peak | -5.73% | -6.24% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -5.04% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.28% | -0.49% |
Volatility
IMCB vs. IQSM - Volatility Comparison
The current volatility for iShares Morningstar Mid-Cap ETF (IMCB) is 5.32%, while IQ Candriam U.S. Mid Cap Equity ETF (IQSM) has a volatility of 6.46%. This indicates that IMCB experiences smaller price fluctuations and is considered to be less risky than IQSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMCB | IQSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 6.46% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 11.32% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 20.49% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 18.05% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 18.05% | +1.58% |