ISCV vs. ASVIX
ISCV (iShares Morningstar Small Cap Value ETF) and ASVIX (American Century Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, ISCV returned 9.06%/yr vs 10.41%/yr for ASVIX. With a 0.96 correlation, they move nearly in lockstep. ISCV charges 0.06%/yr vs 1.09%/yr for ASVIX.
Performance
ISCV vs. ASVIX - Performance Comparison
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Returns By Period
In the year-to-date period, ISCV achieves a 12.15% return, which is significantly lower than ASVIX's 17.31% return. Over the past 10 years, ISCV has underperformed ASVIX with an annualized return of 9.06%, while ASVIX has yielded a comparatively higher 10.41% annualized return.
ISCV
- 1D
- -0.04%
- 1M
- 2.51%
- YTD
- 12.15%
- 6M
- 10.02%
- 1Y
- 29.78%
- 3Y*
- 16.32%
- 5Y*
- 7.57%
- 10Y*
- 9.06%
ASVIX
- 1D
- 1.47%
- 1M
- 2.98%
- YTD
- 17.31%
- 6M
- 15.35%
- 1Y
- 24.19%
- 3Y*
- 9.92%
- 5Y*
- 5.52%
- 10Y*
- 10.41%
ISCV vs. ASVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISCV iShares Morningstar Small Cap Value ETF | 12.15% | 10.38% | 9.31% | 16.55% | -10.58% | 29.15% | 0.86% | 19.51% | -17.39% | 8.59% |
ASVIX American Century Small Cap Value Fund | 17.31% | -3.39% | 7.12% | 16.09% | -14.48% | 37.20% | 8.94% | 33.51% | -16.99% | 10.31% |
Correlation
The correlation between ISCV and ASVIX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2004 | 0.96 |
The correlation between ISCV and ASVIX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
ISCV vs. ASVIX — Risk / Return Rank
ISCV
ASVIX
ISCV vs. ASVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small Cap Value ETF (ISCV) and American Century Small Cap Value Fund (ASVIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISCV | ASVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.03 | +1.20 |
| Martin ratioReturn relative to average drawdown | 11.27 | 5.52 | +5.75 |
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Drawdowns
ISCV vs. ASVIX - Drawdown Comparison
The maximum ISCV drawdown since its inception was -63.14%, which is greater than ASVIX's maximum drawdown of -55.10%. Use the drawdown chart below to compare losses from any high point for ISCV and ASVIX.
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Drawdown Indicators
| ISCV | ASVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.14% | -55.10% | -8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -12.23% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.35% | -27.25% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -25.35% | -27.25% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -51.56% | -43.50% | -8.06% |
Current DrawdownCurrent decline from peak | -0.97% | -0.48% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -7.92% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 4.49% | -1.84% |
Volatility
ISCV vs. ASVIX - Volatility Comparison
The current volatility for iShares Morningstar Small Cap Value ETF (ISCV) is 3.79%, while American Century Small Cap Value Fund (ASVIX) has a volatility of 4.53%. This indicates that ISCV experiences smaller price fluctuations and is considered to be less risky than ASVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCV | ASVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 4.53% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 11.92% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.32% | 18.20% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 21.96% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.31% | 23.31% | 0.00% |
ISCV vs. ASVIX - Expense Ratio Comparison
ISCV has a 0.06% expense ratio, which is lower than ASVIX's 1.09% expense ratio.
Dividends
ISCV vs. ASVIX - Dividend Comparison
ISCV's dividend yield for the trailing twelve months is around 1.91%, less than ASVIX's 11.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASVIX American Century Small Cap Value Fund | 11.91% | 14.08% | 6.96% | 1.00% | 3.86% | 7.32% | 0.35% | 2.41% | 20.02% | 14.39% | 5.29% | 14.05% |
ISCV iShares Morningstar Small Cap Value ETF | 1.91% | 2.04% | 2.01% | 2.21% | 2.12% | 1.95% | 2.01% | 2.36% | 2.48% | 1.74% | 2.49% | 2.60% |
Frequently Asked Questions
With a correlation of 0.93, ISCV and ASVIX 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.
ASVIX has higher volatility (4.53%) compared to ISCV (3.79%). In terms of maximum drawdown, ISCV dropped -63.14% vs ASVIX's -55.10%.
ISCV currently has the higher Sharpe Ratio (1.84 vs 1.36), 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.
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