ISCV vs. ITOT

Last updated Jun 4, 2026

ISCV (iShares Morningstar Small Cap Value ETF) and ITOT (iShares Core S&P Total U.S. Stock Market 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 ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index. Both are passively managed. Over the past 10 years, ISCV returned 8.58%/yr vs 15.01%/yr for ITOT. Their correlation of 0.85 suggests significant overlap in exposure. ISCV charges 0.06%/yr vs 0.03%/yr for ITOT.

Performance

ISCV vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Small Cap Value ETF (ISCV) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISCV achieves a 10.08% return, which is significantly lower than ITOT's 11.25% return. Over the past 10 years, ISCV has underperformed ITOT with an annualized return of 8.58%, while ITOT has yielded a comparatively higher 15.01% annualized return.

ISCV

• 1D: -0.57%
• 1M: 2.04%
• YTD: 10.08%
• 6M: 10.27%
• 1Y: 27.98%
• 3Y*: 15.48%
• 5Y*: 6.54%
• 10Y*: 8.58%

ITOT

• 1D: -0.73%
• 1M: 5.01%
• YTD: 11.25%
• 6M: 11.12%
• 1Y: 28.12%
• 3Y*: 22.09%
• 5Y*: 12.69%
• 10Y*: 15.01%

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

ISCV vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISCV iShares Morningstar Small Cap Value ETF	10.08%	10.38%	9.31%	16.55%	-10.58%	29.15%	0.86%	19.51%	-17.39%	8.59%
ITOT iShares Core S&P Total U.S. Stock Market ETF	11.25%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	21.37%

Correlation

The correlation between ISCV and ITOT is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jul 14, 2004	0.85

The correlation between ISCV and ITOT shifts across timeframes, from 0.74 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

ISCV vs. ITOT - Sectors Allocation Comparison

Sectors	ISCV	ITOT
Financial Services	21.1%	12.1%
Consumer Cyclical	13.4%	10.1%
Industrials	12.1%	9.5%
Healthcare	11.1%	9.0%
Real Estate	11.0%	2.4%
Technology	8.9%	33.8%
Energy	7.2%	3.7%
Basic Materials	5.8%	2.1%
Consumer Defensive	3.7%	4.7%
Utilities	3.6%	2.3%
Communication Services	1.8%	10.3%

Return for Risk

ISCV vs. ITOT — Risk / Return Rank

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

ISCV

ISCV Risk / Return Rank: 54
ISCV Sharpe Ratio Rank: 49
ISCV Sortino Ratio Rank: 53
ISCV Omega Ratio Rank: 47
ISCV Calmar Ratio Rank: 61
ISCV Martin Ratio Rank: 59

ITOT

ITOT Risk / Return Rank: 68
ITOT Sharpe Ratio Rank: 69
ITOT Sortino Ratio Rank: 68
ITOT Omega Ratio Rank: 67
ITOT Calmar Ratio Rank: 63
ITOT Martin Ratio Rank: 75

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.

ISCV vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small Cap Value ETF (ISCV) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

	ISCV	ITOT	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.32	-0.59
Sortino ratio: Return per unit of downside risk	2.58	3.17	-0.59
Omega ratio: Gain probability vs. loss probability	1.30	1.42	-0.12
Calmar ratio: Return relative to maximum drawdown	3.04	3.17	-0.14
Martin ratio: Return relative to average drawdown	10.55	14.57	-4.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISCV vs. ITOT - Sharpe Ratio Comparison

The current ISCV Sharpe Ratio is 1.73, which is comparable to the ITOT Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of ISCV and ITOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISCV	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.32	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.74	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.82	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.57	-0.21

Drawdowns

ISCV vs. ITOT - Drawdown Comparison

The maximum ISCV drawdown since its inception was -63.14%, which is greater than ITOT's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for ISCV and ITOT.

Drawdown Indicators

	ISCV	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-63.14%	-55.20%	-7.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-8.90%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-25.35%	-19.44%	-5.91%
Max Drawdown (5Y) Largest decline over 5 years	-25.35%	-25.36%	+0.01%
Max Drawdown (10Y) Largest decline over 10 years	-51.56%	-35.00%	-16.56%
Current Drawdown Current decline from peak	-0.68%	-0.73%	+0.05%
Average Drawdown Average peak-to-trough decline	-9.14%	-6.97%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.94%	+0.72%

Volatility

ISCV vs. ITOT - Volatility Comparison

iShares Morningstar Small Cap Value ETF (ISCV) has a higher volatility of 3.80% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 2.99%. This indicates that ISCV's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISCV	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	2.99%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	9.13%	+1.32%
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	12.20%	+4.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	17.36%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.30%	18.26%	+5.04%

ISCV vs. ITOT - Expense Ratio Comparison

ISCV has a 0.06% expense ratio, which is higher than ITOT's 0.03% 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. ITOT - Dividend Comparison

ISCV's dividend yield for the trailing twelve months is around 1.88%, more than ITOT's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISCV iShares Morningstar Small Cap Value ETF	1.88%	2.04%	2.01%	2.21%	2.12%	1.95%	2.01%	2.36%	2.48%	1.74%	2.49%	2.60%
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.98%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Frequently Asked Questions

Can I hold both ISCV and ITOT in my portfolio?

ISCV and ITOT have a correlation of 0.74, 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 ITOT?

ISCV has higher volatility (3.80%) compared to ITOT (2.99%). In terms of maximum drawdown, ISCV dropped -63.14% vs ITOT's -55.20%.

Which ETF is better, ISCV or ITOT?

On 10-year performance, ITOT leads with 15.01% vs 8.58% for ISCV. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ISCV or ITOT?

Over the 10-year period, ITOT has performed better with a 15.01% return vs 8.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ISCV or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.06% for ISCV.

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

ISCV has the higher dividend yield at 1.88%, compared with 0.98% for ITOT.

What is the main difference between ISCV and ITOT?

ISCV is categorized as Small Cap Value Equities, while ITOT is Large Cap Blend Equities. ISCV tracks Morningstar US Small Cap Broad Value Extended Index, while ITOT tracks S&P Total Market Index. Their fees differ too: 0.06% for ISCV and 0.03% for ITOT.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (2.32 vs 1.73), 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.