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IMCV vs. DIVB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMCV vs. DIVB

Last updated Jun 9, 2026

IMCV (iShares Morningstar Mid-Cap ETF) and DIVB (iShares U.S. Dividend and Buyback ETF) are both exchange-traded funds - IMCV is a Mid Cap Value Equities fund tracking the Morningstar US Mid Cap Broad Value Index, while DIVB is a Large Cap Blend Equities fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, IMCV returned 8.79%/yr vs 11.98%/yr for DIVB. Their correlation of 0.89 suggests significant overlap in exposure. IMCV charges 0.06%/yr vs 0.25%/yr for DIVB.

Performance

IMCV vs. DIVB - Performance Comparison

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

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Returns By Period

In the year-to-date period, IMCV achieves a 9.75% return, which is significantly lower than DIVB's 16.10% return.

IMCV

1D
-0.41%
1M
1.84%
YTD
9.75%
6M
11.34%
1Y
22.85%
3Y*
16.05%
5Y*
8.79%
10Y*
10.39%

DIVB

1D
0.09%
1M
5.36%
YTD
16.10%
6M
16.58%
1Y
27.52%
3Y*
21.21%
5Y*
11.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMCV vs. DIVB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMCV
iShares Morningstar Mid-Cap ETF		9.75%13.52%12.28%11.89%-6.98%33.56%-4.11%24.72%-10.93%5.46%
DIVB
iShares U.S. Dividend and Buyback ETF		16.10%15.09%18.59%13.27%-10.51%31.29%10.78%32.72%-8.16%5.95%

Correlation

The correlation between IMCV and DIVB 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

0.93

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2017

0.89

The correlation between IMCV and DIVB has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Morningstar Mid-Cap ETF

iShares U.S. Dividend and Buyback ETF

Often compared with IMCV:
IMCV vs. VOEIMCV vs. IWSIMCV vs. MDYVIMCV vs. IJHIMCV vs. SMMDIMCV vs. NUMVIMCV vs. VOO
Often compared with DIVB:
DIVB vs. SCHDDIVB vs. DGRODIVB vs. VOODIVB vs. PKWDIVB vs. SPDGDIVB vs. CALFDIVB vs. DHS

Return for Risk

IMCV vs. DIVB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMCV
IMCV Risk / Return Rank: 6969
Overall Rank
IMCV Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IMCV Sortino Ratio Rank: 7171
Sortino Ratio Rank
IMCV Omega Ratio Rank: 6464
Omega Ratio Rank
IMCV Calmar Ratio Rank: 7373
Calmar Ratio Rank
IMCV Martin Ratio Rank: 7373
Martin Ratio Rank
DIVB
DIVB Risk / Return Rank: 8181
Overall Rank
DIVB Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
DIVB Sortino Ratio Rank: 8383
Sortino Ratio Rank
DIVB Omega Ratio Rank: 7979
Omega Ratio Rank
DIVB Calmar Ratio Rank: 8484
Calmar Ratio Rank
DIVB Martin Ratio Rank: 7878
Martin Ratio Rank
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. DIVB - Risk-Adjusted Trends Comparison

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

IMCVDIVBDifference
Sharpe ratioReturn per unit of total volatility
1.97
2.40

-0.43

Sortino ratioReturn per unit of downside risk
2.87
3.35

-0.48

Omega ratioGain probability vs. loss probability

1.35

1.42

-0.08

Calmar ratioReturn relative to maximum drawdown

3.32

4.05

-0.73

Martin ratioReturn relative to average drawdown

12.40

13.75

-1.35

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMCV vs. DIVB - Sharpe Ratio Comparison

The current IMCV Sharpe Ratio is 1.97, which is comparable to the DIVB Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of IMCV and DIVB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IMCVDIVBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.97

2.40

-0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.79

-0.26

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

0.75

-0.28

Drawdowns

IMCV vs. DIVB - Drawdown Comparison

The maximum IMCV drawdown since its inception was -64.74%, which is greater than DIVB's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for IMCV and DIVB.

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Drawdown Indicators

IMCVDIVBDifference

Max Drawdown

Largest peak-to-trough decline

-64.74%

-36.93%

-27.81%

Max Drawdown (1Y)

Largest decline over 1 year

-6.90%

-6.82%

-0.08%

Max Drawdown (3Y)

Largest decline over 3 years

-18.63%

-15.45%

-3.18%

Max Drawdown (5Y)

Largest decline over 5 years

-19.87%

-21.08%

+1.21%

Max Drawdown (10Y)

Largest decline over 10 years

-46.33%

—

—

Current Drawdown

Current decline from peak

-1.07%

-1.98%

+0.91%

Average Drawdown

Average peak-to-trough decline

-8.41%

-4.99%

-3.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.85%

2.01%

-0.16%

Volatility

IMCV vs. DIVB - Volatility Comparison

The current volatility for iShares Morningstar Mid-Cap ETF (IMCV) is 2.35%, while iShares U.S. Dividend and Buyback ETF (DIVB) has a volatility of 4.05%. This indicates that IMCV experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMCVDIVBDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.35%

4.05%

-1.70%

Volatility (6M)

Calculated over the trailing 6-month period

8.05%

8.68%

-0.63%

Volatility (1Y)

Calculated over the trailing 1-year period

11.66%

11.53%

+0.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.64%

15.26%

+1.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.66%

18.38%

+1.28%

IMCV vs. DIVB - Expense Ratio Comparison

IMCV has a 0.06% expense ratio, which is lower than DIVB's 0.25% 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

IMCV vs. DIVB - Dividend Comparison

IMCV's dividend yield for the trailing twelve months is around 1.94%, less than DIVB's 2.21% yield.

PositionTTM20252024202320222021202020192018201720162015
DIVB
iShares U.S. Dividend and Buyback ETF		2.21%2.50%2.61%3.18%2.02%1.63%2.08%2.07%2.52%0.37%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

With a correlation of 0.91, IMCV and DIVB 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.

DIVB has higher volatility (4.05%) compared to IMCV (2.35%). In terms of maximum drawdown, IMCV dropped -64.74% vs DIVB's -36.93%.

On 5-year performance, DIVB leads with 11.98% vs 8.79% for IMCV. On fees, IMCV is cheaper at 0.06% per year. On volatility, IMCV has been the lower-risk option at 2.35%. 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 11.98% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IMCV is cheaper with a 0.06% expense ratio, compared with 0.25% for DIVB.

DIVB has the higher dividend yield at 2.21%, compared with 1.94% for IMCV.

IMCV is categorized as Mid Cap Value Equities, while DIVB is Large Cap Blend Equities. IMCV tracks Morningstar US Mid Cap Broad Value Index, while DIVB tracks Morningstar US Dividend and Buyback Index. Their fees differ too: 0.06% for IMCV and 0.25% for DIVB.

DIVB currently has the higher Sharpe Ratio (2.40 vs 1.97), 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.

Portfolio Optimizer

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