ISCV vs. ECML

Last updated Aug 3, 2026

ISCV (iShares Morningstar Small Cap Value ETF) and ECML (Euclidean Fundamental Value ETF) are both Small Cap Value Equities funds. ISCV is passively managed, while ECML is actively managed. Over the past 3 years, ISCV returned 13.72%/yr vs 12.03%/yr for ECML. Their correlation of 0.89 means they have usually moved in the same direction. ISCV charges 0.06%/yr vs 0.95%/yr for ECML.

Performance

ISCV vs. ECML - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Small Cap Value ETF (ISCV) and Euclidean Fundamental Value ETF (ECML). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISCV achieves a 17.01% return, which is significantly lower than ECML's 19.84% return.

ISCV

• 1D: -0.47%
• 1M: 0.89%
• 6M: 11.85%
• YTD: 17.01%
• 1Y: 32.31%
• 3Y*: 13.72%
• 5Y*: 9.24%
• 10Y*: 9.09%
• ALL TIME*: 8.97%

ECML

• 1D: -0.08%
• 1M: 2.28%
• 6M: 13.37%
• YTD: 19.84%
• 1Y: 32.00%
• 3Y*: 12.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ECML Euclidean Fundamental Value ETF	$548.16K	$300.59K	$261.72K
ISCV iShares Morningstar Small Cap Value ETF	$725.99K	$721.48K	$862.94K

ISCV vs. ECML - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ISCV iShares Morningstar Small Cap Value ETF	17.01%	10.38%	9.31%	19.37%
ECML Euclidean Fundamental Value ETF	19.84%	6.82%	2.37%	26.00%

Correlation

The correlation between ISCV and ECML is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.89

The correlation between ISCV and ECML has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

ISCV vs. ECML - Sectors Allocation Comparison

Sectors	ISCV	ECML
Financial Services	22.4%	-
Consumer Cyclical	14.6%	24.6%
Industrials	12.7%	13.0%
Healthcare	11.4%	14.4%
Real Estate	11.3%	-
Technology	8.4%	7.6%
Energy	5.0%	13.2%
Consumer Defensive	4.7%	12.3%
Utilities	3.9%	1.4%
Basic Materials	3.1%	11.6%
Communication Services	2.5%	3.3%

Return for Risk

ISCV vs. ECML — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ISCV

ISCV Risk / Return Rank: 84
ISCV Sharpe Ratio Rank: 83
ISCV Sortino Ratio Rank: 85
ISCV Omega Ratio Rank: 80
ISCV Calmar Ratio Rank: 85
ISCV Martin Ratio Rank: 85

ECML

ECML Risk / Return Rank: 90
ECML Sharpe Ratio Rank: 90
ECML Sortino Ratio Rank: 92
ECML Omega Ratio Rank: 86
ECML Calmar Ratio Rank: 93
ECML Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ISCV vs. ECML - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small Cap Value ETF (ISCV) and Euclidean Fundamental Value ETF (ECML). 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	ECML	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.23	-0.31
Sortino ratio: Return per unit of downside risk	2.84	3.40	-0.56
Omega ratio: Gain probability vs. loss probability	1.34	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	3.25	4.46	-1.21
Martin ratio: Return relative to average drawdown	12.04	13.07	-1.03

ISCV vs. ECML - Sharpe Ratio Comparison

The current ISCV Sharpe Ratio is 1.92, which is comparable to the ECML Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of ISCV and ECML, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ISCV vs. ECML - Drawdown Comparison

The maximum ISCV drawdown since its inception was -63.14%, which is greater than ECML's maximum drawdown of -24.66%. Use the drawdown chart below to compare losses from any high point for ISCV and ECML.

Drawdown Indicators

	ISCV	ECML	Difference
Max Drawdown Largest peak-to-trough decline	-63.14%	-24.66%	-38.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-7.01%	-2.24%
Max Drawdown (3Y) Largest decline over 3 years	-25.35%	-24.66%	-0.69%
Max Drawdown (5Y) Largest decline over 5 years	-25.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.56%	—	—
Current Drawdown Current decline from peak	-1.36%	-1.11%	-0.25%
Average Drawdown Average peak-to-trough decline	-9.08%	-5.62%	-3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	2.39%	+0.10%

Volatility

ISCV vs. ECML - Volatility Comparison

iShares Morningstar Small Cap Value ETF (ISCV) and Euclidean Fundamental Value ETF (ECML) have volatilities of 3.47% and 3.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISCV	ECML	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	3.32%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	9.21%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	14.05%	+1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	18.12%	+2.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.20%	18.12%	+5.08%

ISCV vs. ECML - Expense Ratio Comparison

ISCV has a 0.06% expense ratio, which is lower than ECML's 0.95% expense ratio.

Dividends

ISCV vs. ECML - Dividend Comparison

ISCV's dividend yield for the trailing twelve months is around 1.83%, more than ECML's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECML Euclidean Fundamental Value ETF	1.15%	1.38%	0.98%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ISCV iShares Morningstar Small Cap Value ETF	1.83%	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

Can I hold both ISCV and ECML in my portfolio?

ISCV and ECML have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISCV or ECML?

ISCV has higher volatility (3.47%) compared to ECML (3.32%). In terms of maximum drawdown, ISCV dropped -63.14% vs ECML's -24.66%.

Which ETF is better, ISCV or ECML?

On 3-year performance, ISCV leads with 13.72% vs 12.03% for ECML. On fees, ISCV is cheaper at 0.06% per year. On volatility, ECML has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ISCV or ECML?

Over the 3-year period, ISCV has performed better with a 13.72% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ISCV or ECML?

ISCV is cheaper with a 0.06% expense ratio, compared with 0.95% for ECML.

Which ETF pays a higher dividend yield, ISCV or ECML?

ISCV has the higher dividend yield at 1.83%, compared with 1.15% for ECML.

What is the main difference between ISCV and ECML?

They also come from different issuers: iShares and Euclidean. Their fees differ too: 0.06% for ISCV and 0.95% for ECML.

Which has better risk-adjusted returns?

ECML currently has the higher Sharpe Ratio (2.23 vs 1.92), 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.