IMCV vs. CCFE

Last updated Jun 4, 2026

IMCV (iShares Morningstar Mid-Cap ETF) and CCFE (Concourse Capital Focused Equity ETF) are both Mid Cap Value Equities funds. IMCV is passively managed, while CCFE is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. IMCV charges 0.06%/yr vs 0.95%/yr for CCFE.

Performance

IMCV vs. CCFE - Performance Comparison

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

Returns By Period

In the year-to-date period, IMCV achieves a 9.96% return, which is significantly higher than CCFE's 4.22% return.

IMCV

• 1D: -0.21%
• 1M: 2.12%
• YTD: 9.96%
• 6M: 11.32%
• 1Y: 23.41%
• 3Y*: 16.66%
• 5Y*: 8.69%
• 10Y*: 10.40%

CCFE

• 1D: -0.41%
• 1M: 1.25%
• YTD: 4.22%
• 6M: 1.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IMCV vs. CCFE - Yearly Performance Comparison

	2026 (YTD)	2025
IMCV iShares Morningstar Mid-Cap ETF	9.96%	11.30%
CCFE Concourse Capital Focused Equity ETF	4.22%	7.81%

Correlation

The correlation between IMCV and CCFE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.79

Return for Risk

IMCV vs. CCFE — Risk / Return Rank

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

IMCV

IMCV Risk / Return Rank: 63
IMCV Sharpe Ratio Rank: 59
IMCV Sortino Ratio Rank: 62
IMCV Omega Ratio Rank: 58
IMCV Calmar Ratio Rank: 68
IMCV Martin Ratio Rank: 69

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.

IMCV vs. CCFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCV) and Concourse Capital Focused Equity ETF (CCFE). 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.

	IMCV	CCFE	Difference
Sharpe ratio: Return per unit of total volatility	2.02	—	—
Sortino ratio: Return per unit of downside risk	2.94	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.41	—	—
Martin ratio: Return relative to average drawdown	12.72	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IMCV	CCFE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.53	-0.05

Drawdowns

IMCV vs. CCFE - Drawdown Comparison

The maximum IMCV drawdown since its inception was -64.74%, which is greater than CCFE's maximum drawdown of -21.15%. Use the drawdown chart below to compare losses from any high point for IMCV and CCFE.

Drawdown Indicators

	IMCV	CCFE	Difference
Max Drawdown Largest peak-to-trough decline	-64.74%	-21.15%	-43.59%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.33%	—	—
Current Drawdown Current decline from peak	-0.21%	-12.92%	+12.71%
Average Drawdown Average peak-to-trough decline	-8.42%	-6.44%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	—	—

Volatility

Volatility by Period

	IMCV	CCFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	24.40%	-12.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	24.40%	-7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	24.40%	-4.74%

IMCV vs. CCFE - Expense Ratio Comparison

IMCV has a 0.06% expense ratio, which is lower than CCFE's 0.95% expense ratio.

Dividends

IMCV vs. CCFE - Dividend Comparison

IMCV's dividend yield for the trailing twelve months is around 1.94%, more than CCFE's 0.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCFE Concourse Capital Focused Equity ETF	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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 IMCV and CCFE in my portfolio?

IMCV and CCFE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMCV or CCFE?

On fees, IMCV is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMCV or CCFE?

IMCV is cheaper with a 0.06% expense ratio, compared with 0.95% for CCFE.

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

IMCV has the higher dividend yield at 1.94%, compared with 0.02% for CCFE.

What is the main difference between IMCV and CCFE?

They also come from different issuers: iShares and Concourse Capital. Their fees differ too: 0.06% for IMCV and 0.95% for CCFE.