IMCB vs. ISCB
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCB) and iShares Morningstar Small-Cap ETF (ISCB).
IMCB and ISCB 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. ISCB is a passively managed fund by iShares that tracks the performance of the Morningstar US Small Cap Extended Index. It was launched on Jun 28, 2004. Both IMCB and ISCB 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: IMCB or ISCB.
Key characteristics
| IMCB | ISCB | |
|---|---|---|
| YTD Return | 19.95% | 17.84% |
| 1Y Return | 38.07% | 41.45% |
| 3Y Return (Ann) | 4.87% | 2.20% |
| 5Y Return (Ann) | 10.96% | 8.01% |
| 10Y Return (Ann) | 9.88% | 7.86% |
| Sharpe Ratio | 2.87 | 2.07 |
| Sortino Ratio | 4.01 | 2.91 |
| Omega Ratio | 1.50 | 1.36 |
| Calmar Ratio | 2.20 | 1.59 |
| Martin Ratio | 16.33 | 11.76 |
| Ulcer Index | 2.27% | 3.36% |
| Daily Std Dev | 12.91% | 19.13% |
| Max Drawdown | -58.80% | -61.25% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IMCB and ISCB is 0.92, 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.
Performance
IMCB vs. ISCB - Performance Comparison
In the year-to-date period, IMCB achieves a 19.95% return, which is significantly higher than ISCB's 17.84% return. Over the past 10 years, IMCB has outperformed ISCB with an annualized return of 9.88%, while ISCB has yielded a comparatively lower 7.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IMCB vs. ISCB - Expense Ratio Comparison
Both IMCB and ISCB have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
IMCB vs. ISCB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) and iShares Morningstar Small-Cap ETF (ISCB). 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
IMCB vs. ISCB - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.37%, more than ISCB's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.37% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% | 1.40% | 1.19% |
ISCB iShares Morningstar Small-Cap ETF | 1.19% | 1.49% | 1.63% | 1.26% | 1.26% | 1.25% | 1.60% | 1.24% | 1.58% | 1.40% | 1.18% | 0.87% |
Drawdowns
IMCB vs. ISCB - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, roughly equal to the maximum ISCB drawdown of -61.25%. Use the drawdown chart below to compare losses from any high point for IMCB and ISCB. For additional features, visit the drawdowns tool.
Volatility
IMCB vs. ISCB - Volatility Comparison
The current volatility for iShares Morningstar Mid-Cap ETF (IMCB) is 3.99%, while iShares Morningstar Small-Cap ETF (ISCB) has a volatility of 6.05%. This indicates that IMCB experiences smaller price fluctuations and is considered to be less risky than ISCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.