ISCV vs. SPSM
Compare and contrast key facts about iShares Morningstar Small Cap Value ETF (ISCV) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM).
ISCV and SPSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Small Cap Broad Value Extended Index. It was launched on Jun 28, 2004. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013. Both ISCV and SPSM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISCV or SPSM.
Key characteristics
| ISCV | SPSM | |
|---|---|---|
| YTD Return | 11.10% | 10.97% |
| 1Y Return | 28.59% | 28.26% |
| 3Y Return (Ann) | 5.51% | 3.66% |
| 5Y Return (Ann) | 10.26% | 10.67% |
| 10Y Return (Ann) | 7.69% | 9.83% |
| Sharpe Ratio | 1.53 | 1.48 |
| Sortino Ratio | 2.24 | 2.19 |
| Omega Ratio | 1.27 | 1.26 |
| Calmar Ratio | 0.30 | 1.21 |
| Martin Ratio | 7.91 | 8.24 |
| Ulcer Index | 3.84% | 3.62% |
| Daily Std Dev | 19.81% | 20.15% |
| Max Drawdown | -100.00% | -42.89% |
| Current Drawdown | -99.99% | 0.00% |
Correlation
The correlation between ISCV and SPSM is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ISCV vs. SPSM - Performance Comparison
The year-to-date returns for both stocks are quite close, with ISCV having a 11.10% return and SPSM slightly lower at 10.97%. Over the past 10 years, ISCV has underperformed SPSM with an annualized return of 7.69%, while SPSM has yielded a comparatively higher 9.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ISCV vs. SPSM - Expense Ratio Comparison
ISCV has a 0.06% expense ratio, which is higher than SPSM's 0.05% 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%.
Risk-Adjusted Performance
ISCV vs. SPSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small Cap Value ETF (ISCV) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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.
Dividends
ISCV vs. SPSM - Dividend Comparison
ISCV's dividend yield for the trailing twelve months is around 1.95%, more than SPSM's 1.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCV iShares Morningstar Small Cap Value ETF | 1.95% | 2.21% | 2.12% | 1.95% | 2.01% | 2.36% | 2.48% | 1.74% | 2.49% | 2.60% | 2.40% | 1.81% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.83% | 1.61% | 1.38% | 1.40% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% | 0.68% |
Drawdowns
ISCV vs. SPSM - Drawdown Comparison
The maximum ISCV drawdown since its inception was -100.00%, which is greater than SPSM's maximum drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for ISCV and SPSM. For additional features, visit the drawdowns tool.
Volatility
ISCV vs. SPSM - Volatility Comparison
The current volatility for iShares Morningstar Small Cap Value ETF (ISCV) is 4.09%, while SPDR Portfolio S&P 600 Small Cap ETF (SPSM) has a volatility of 4.37%. This indicates that ISCV experiences smaller price fluctuations and is considered to be less risky than SPSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.