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ISCV vs. ISCB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISCV vs. ISCB

Last updated Aug 3, 2026
Documentation

ISCV (iShares Morningstar Small Cap Value ETF) and ISCB (iShares Morningstar Small-Cap ETF) are both exchange-traded funds - ISCV is a Small Cap Value Equities fund tracking the Morningstar US Small Cap Broad Value Extended Index, while ISCB is a Small Cap Blend Equities fund tracking the Morningstar US Small Cap Extended Index. Both are passively managed. Over the past 10 years, ISCV returned 9.09%/yr vs 9.25%/yr for ISCB. Their correlation of 0.94 means they have usually moved in the same direction. ISCV charges 0.06%/yr vs 0.04%/yr for ISCB.

Performance

ISCV vs. ISCB - Performance Comparison

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

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Returns By Period

In the year-to-date period, ISCV achieves a 17.01% return, which is significantly higher than ISCB's 14.99% return. Both investments have delivered pretty close results over the past 10 years, with ISCV having a 9.09% annualized return and ISCB not far ahead at 9.25%.

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%

ISCB

1D
-0.18%
1M
-0.92%
6M
10.53%
YTD
14.99%
1Y
29.06%
3Y*
14.03%
5Y*
7.13%
10Y*
9.25%
ALL TIME*
8.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ISCB

iShares Morningstar Small-Cap ETF
$562.81K$433.76K$308.14K

ISCV

iShares Morningstar Small Cap Value ETF
$725.99K$721.48K$862.94K

ISCV vs. ISCB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISCV
iShares Morningstar Small Cap Value ETF		17.01%10.38%9.31%16.55%-10.58%29.15%0.86%19.51%-17.39%8.59%
ISCB
iShares Morningstar Small-Cap ETF		14.99%12.46%10.90%19.51%-19.04%17.46%6.29%29.42%-13.92%12.95%

Correlation

The correlation between ISCV and ISCB is 0.94, 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.

0.94

Correlation (3Y)
Balances recent behavior with more history.

0.96

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.96

Correlation (10Y)
Provides a long-term view across more market conditions.

0.95

Correlation (All Time)
Calculated using the full available price history since Jul 13, 2004

0.94

The correlation between ISCV and ISCB has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

ISCV vs. ISCB - Sectors Allocation Comparison

Sectors
ISCV
ISCB

Financial Services

22.4%
16.6%

Consumer Cyclical

14.6%
11.1%

Industrials

12.7%
16.3%

Healthcare

11.4%
14.9%

Real Estate

11.3%
8.3%

Technology

8.4%
15.0%

Energy

5.0%
4.2%

Consumer Defensive

4.7%
3.8%

Utilities

3.9%
2.5%

Basic Materials

3.1%
4.5%

Communication Services

2.5%
2.6%

Financial Services

ISCV
22.4%
ISCB
16.6%

Consumer Cyclical

ISCV
14.6%
ISCB
11.1%

Industrials

ISCV
12.7%
ISCB
16.3%

Healthcare

ISCV
11.4%
ISCB
14.9%

Real Estate

ISCV
11.3%
ISCB
8.3%

Technology

ISCV
8.4%
ISCB
15.0%

Energy

ISCV
5.0%
ISCB
4.2%

Consumer Defensive

ISCV
4.7%
ISCB
3.8%

Utilities

ISCV
3.9%
ISCB
2.5%

Basic Materials

ISCV
3.1%
ISCB
4.5%

Communication Services

ISCV
2.5%
ISCB
2.6%

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 Small Cap Value ETF

iShares Morningstar Small-Cap ETF

Often compared with ISCV:
ISCV vs. AVUVISCV vs. IJSISCV vs. VIOVISCV vs. SPSMISCV vs. SLYVISCV vs. VTIISCV vs. SCHD
Often compared with ISCB:
ISCB vs. VBISCB vs. ISCGISCB vs. IJRISCB vs. SPSMISCB vs. IWMISCB vs. IMCBISCB vs. SCHA

Return for Risk

ISCV vs. ISCB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ISCV
ISCV Risk / Return Rank: 8484
Overall Rank
ISCV Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
ISCV Sortino Ratio Rank: 8585
Sortino Ratio Rank
ISCV Omega Ratio Rank: 8080
Omega Ratio Rank
ISCV Calmar Ratio Rank: 8585
Calmar Ratio Rank
ISCV Martin Ratio Rank: 8585
Martin Ratio Rank
ISCB
ISCB Risk / Return Rank: 7575
Overall Rank
ISCB Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
ISCB Sortino Ratio Rank: 7575
Sortino Ratio Rank
ISCB Omega Ratio Rank: 6868
Omega Ratio Rank
ISCB Calmar Ratio Rank: 8080
Calmar Ratio Rank
ISCB Martin Ratio Rank: 8080
Martin Ratio Rank
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. ISCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small Cap Value ETF (ISCV) 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.

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.

ISCVISCBDifference
Sharpe ratioReturn per unit of total volatility
1.92
1.65

+0.26

Sortino ratioReturn per unit of downside risk
2.84
2.41

+0.43

Omega ratioGain probability vs. loss probability

1.34

1.29

+0.05

Calmar ratioReturn relative to maximum drawdown

3.25

2.88

+0.36

Martin ratioReturn relative to average drawdown

12.04

10.43

+1.61

ISCV vs. ISCB - Sharpe Ratio Comparison

The current ISCV Sharpe Ratio is 1.92, which is comparable to the ISCB Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of ISCV and ISCB, 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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Drawdowns

ISCV vs. ISCB - Drawdown Comparison

The maximum ISCV drawdown since its inception was -63.14%, roughly equal to the maximum ISCB drawdown of -61.25%. Use the drawdown chart below to compare losses from any high point for ISCV and ISCB.

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Drawdown Indicators

ISCVISCBDifference

Max Drawdown

Largest peak-to-trough decline

-63.14%

-61.25%

-1.89%

Max Drawdown (1Y)

Largest decline over 1 year

-9.25%

-9.39%

+0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-25.35%

-26.22%

+0.87%

Max Drawdown (5Y)

Largest decline over 5 years

-25.35%

-29.94%

+4.59%

Max Drawdown (10Y)

Largest decline over 10 years

-51.56%

-44.18%

-7.38%

Current Drawdown

Current decline from peak

-1.36%

-1.57%

+0.21%

Average Drawdown

Average peak-to-trough decline

-9.08%

-9.74%

+0.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.59%

-0.10%

Volatility

ISCV vs. ISCB - Volatility Comparison

iShares Morningstar Small Cap Value ETF (ISCV) and iShares Morningstar Small-Cap ETF (ISCB) 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.

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Volatility by Period

ISCVISCBDifference

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%

11.48%

-1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

15.74%

16.46%

-0.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.59%

21.27%

-0.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.20%

22.61%

+0.59%

ISCV vs. ISCB - Expense Ratio Comparison

ISCV has a 0.06% expense ratio, which is higher than ISCB's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ISCV vs. ISCB - Dividend Comparison

ISCV's dividend yield for the trailing twelve months is around 1.83%, more than ISCB's 1.28% yield.

PositionTTM20252024202320222021202020192018201720162015
ISCB
iShares Morningstar Small-Cap ETF		1.28%1.38%1.31%1.49%1.63%1.26%1.26%1.25%1.60%1.24%1.58%1.40%
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

With a correlation of 0.94, ISCV and ISCB 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.

ISCV has higher volatility (3.47%) compared to ISCB (3.32%). In terms of maximum drawdown, ISCV dropped -63.14% vs ISCB's -61.25%.

On 10-year performance, ISCB leads with 9.25% vs 9.09% for ISCV. On fees, ISCB is cheaper at 0.04% per year. On volatility, ISCB has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ISCB has performed better with a 9.25% return vs 9.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ISCB is cheaper with a 0.04% expense ratio, compared with 0.06% for ISCV.

ISCV has the higher dividend yield at 1.83%, compared with 1.28% for ISCB.

ISCV is categorized as Small Cap Value Equities, while ISCB is Small Cap Blend Equities. ISCV tracks Morningstar US Small Cap Broad Value Extended Index, while ISCB tracks Morningstar US Small Cap Extended Index. Their fees differ too: 0.06% for ISCV and 0.04% for ISCB.

ISCV currently has the higher Sharpe Ratio (1.92 vs 1.65), 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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