ISCV vs. TCV
ISCV (iShares Morningstar Small Cap Value ETF) and TCV (Towle Value ETF) are both Small Cap Value Equities funds. ISCV is passively managed, while TCV is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. ISCV charges 0.06%/yr vs 0.85%/yr for TCV.
Performance
ISCV vs. TCV - Performance Comparison
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Returns By Period
In the year-to-date period, ISCV achieves a 15.28% return, which is significantly lower than TCV's 27.23% return.
ISCV
- 1D
- -0.02%
- 1M
- 1.80%
- 6M
- 10.42%
- YTD
- 15.28%
- 1Y
- 24.92%
- 3Y*
- 14.68%
- 5Y*
- 9.02%
- 10Y*
- 8.81%
TCV
- 1D
- 1.28%
- 1M
- 1.11%
- 6M
- 15.54%
- YTD
- 27.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISCV vs. TCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ISCV iShares Morningstar Small Cap Value ETF | 15.28% | 10.33% |
TCV Towle Value ETF | 27.23% | 2.99% |
Correlation
The correlation between ISCV and TCV is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025 | 0.80 |
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Return for Risk
ISCV vs. TCV — Risk / Return Rank
ISCV
TCV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ISCV vs. TCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small Cap Value ETF (ISCV) and Towle Value ETF (TCV). 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 | TCV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | — | — |
| Martin ratioReturn relative to average drawdown | 9.48 | — | — |
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Drawdowns
ISCV vs. TCV - Drawdown Comparison
The maximum ISCV drawdown since its inception was -63.14%, which is greater than TCV's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for ISCV and TCV.
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Drawdown Indicators
| ISCV | TCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.14% | -12.23% | -50.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -25.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.56% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | 0.00% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -3.32% | -5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | — | — |
Volatility
ISCV vs. TCV - Volatility Comparison
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Volatility by Period
| ISCV | TCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 21.21% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 21.21% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 21.21% | +1.99% |
ISCV vs. TCV - Expense Ratio Comparison
ISCV has a 0.06% expense ratio, which is lower than TCV's 0.85% expense ratio.
Dividends
ISCV vs. TCV - Dividend Comparison
ISCV's dividend yield for the trailing twelve months is around 1.85%, more than TCV's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCV iShares Morningstar Small Cap Value ETF | 1.85% | 2.04% | 2.01% | 2.21% | 2.12% | 1.95% | 2.01% | 2.36% | 2.48% | 1.74% | 2.49% | 2.60% |
TCV Towle Value ETF | 0.57% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISCV and TCV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISCV is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISCV is cheaper with a 0.06% expense ratio, compared with 0.85% for TCV.
ISCV has the higher dividend yield at 1.85%, compared with 0.57% for TCV.
They also come from different issuers: iShares and Towle. Their fees differ too: 0.06% for ISCV and 0.85% for TCV.
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