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ISCV vs. VTWV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISCV vs. VTWV

Last updated Aug 3, 2026
Documentation

ISCV (iShares Morningstar Small Cap Value ETF) and VTWV (Vanguard Russell 2000 Value ETF) are both Small Cap Value Equities funds - ISCV tracks the Morningstar US Small Cap Broad Value Extended Index while VTWV tracks the Russell 2000 Value Index. Both are passively managed. Over the past 10 years, ISCV returned 9.09%/yr vs 10.42%/yr for VTWV. Their correlation of 0.93 means they have usually moved in the same direction. Both charge a 0.06% expense ratio.

Performance

ISCV vs. VTWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Small Cap Value ETF (ISCV) and Vanguard Russell 2000 Value ETF (VTWV). 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 lower than VTWV's 22.89% return. Over the past 10 years, ISCV has underperformed VTWV with an annualized return of 9.09%, while VTWV has yielded a comparatively higher 10.42% annualized 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%

VTWV

1D
-0.38%
1M
-0.07%
6M
15.09%
YTD
22.89%
1Y
43.58%
3Y*
16.02%
5Y*
9.00%
10Y*
10.42%
ALL TIME*
10.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

ISCV

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

VTWV

Vanguard Russell 2000 Value ETF
$6.82M$6.63M$5.67M

ISCV vs. VTWV - 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%
VTWV
Vanguard Russell 2000 Value ETF		22.89%12.72%7.83%14.67%-14.46%27.90%4.88%22.44%-13.34%8.06%

Correlation

The correlation between ISCV and VTWV 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.

0.97

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

0.98

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

0.97

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.93

The correlation between ISCV and VTWV has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.

ISCV vs. VTWV - Sectors Allocation Comparison

Sectors
ISCV
VTWV

Financial Services

22.4%
27.6%

Consumer Cyclical

14.6%
10.1%

Industrials

12.7%
12.0%

Healthcare

11.4%
10.9%

Real Estate

11.3%
11.3%

Technology

8.4%
7.3%

Energy

5.0%
5.6%

Consumer Defensive

4.7%
3.2%

Utilities

3.9%
5.1%

Basic Materials

3.1%
4.2%

Communication Services

2.5%
2.5%

Financial Services

ISCV
22.4%
VTWV
27.6%

Consumer Cyclical

ISCV
14.6%
VTWV
10.1%

Industrials

ISCV
12.7%
VTWV
12.0%

Healthcare

ISCV
11.4%
VTWV
10.9%

Real Estate

ISCV
11.3%
VTWV
11.3%

Technology

ISCV
8.4%
VTWV
7.3%

Energy

ISCV
5.0%
VTWV
5.6%

Consumer Defensive

ISCV
4.7%
VTWV
3.2%

Utilities

ISCV
3.9%
VTWV
5.1%

Basic Materials

ISCV
3.1%
VTWV
4.2%

Communication Services

ISCV
2.5%
VTWV
2.5%

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

Vanguard Russell 2000 Value ETF

Often compared with ISCV:
ISCV vs. AVUVISCV vs. IJSISCV vs. VIOVISCV vs. SPSMISCV vs. SLYVISCV vs. VTIISCV vs. SCHD
Often compared with VTWV:
VTWV vs. VTWOVTWV vs. VBRVTWV vs. VTWGVTWV vs. VIOVVTWV vs. VONGVTWV vs. VBVTWV vs. VTC

Return for Risk

ISCV vs. VTWV — 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
VTWV
VTWV Risk / Return Rank: 9292
Overall Rank
VTWV Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
VTWV Sortino Ratio Rank: 9191
Sortino Ratio Rank
VTWV Omega Ratio Rank: 8888
Omega Ratio Rank
VTWV Calmar Ratio Rank: 9494
Calmar Ratio Rank
VTWV Martin Ratio Rank: 9393
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. VTWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small Cap Value ETF (ISCV) and Vanguard Russell 2000 Value ETF (VTWV). 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.

ISCVVTWVDifference
Sharpe ratioReturn per unit of total volatility
1.92
2.31

-0.39

Sortino ratioReturn per unit of downside risk
2.84
3.28

-0.44

Omega ratioGain probability vs. loss probability

1.34

1.40

-0.06

Calmar ratioReturn relative to maximum drawdown

3.25

4.73

-1.48

Martin ratioReturn relative to average drawdown

12.04

17.24

-5.20

ISCV vs. VTWV - Sharpe Ratio Comparison

The current ISCV Sharpe Ratio is 1.92, which is comparable to the VTWV Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of ISCV and VTWV, 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. VTWV - Drawdown Comparison

The maximum ISCV drawdown since its inception was -63.14%, which is greater than VTWV's maximum drawdown of -45.73%. Use the drawdown chart below to compare losses from any high point for ISCV and VTWV.

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Drawdown Indicators

ISCVVTWVDifference

Max Drawdown

Largest peak-to-trough decline

-63.14%

-45.73%

-17.41%

Max Drawdown (1Y)

Largest decline over 1 year

-9.25%

-8.64%

-0.61%

Max Drawdown (3Y)

Largest decline over 3 years

-25.35%

-26.72%

+1.37%

Max Drawdown (5Y)

Largest decline over 5 years

-25.35%

-26.72%

+1.37%

Max Drawdown (10Y)

Largest decline over 10 years

-51.56%

-45.73%

-5.83%

Current Drawdown

Current decline from peak

-1.36%

-1.38%

+0.02%

Average Drawdown

Average peak-to-trough decline

-9.08%

-7.74%

-1.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.37%

+0.12%

Volatility

ISCV vs. VTWV - Volatility Comparison

iShares Morningstar Small Cap Value ETF (ISCV) and Vanguard Russell 2000 Value ETF (VTWV) have volatilities of 3.47% and 3.31%, 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

ISCVVTWVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.47%

3.31%

+0.16%

Volatility (6M)

Calculated over the trailing 6-month period

10.28%

12.16%

-1.88%

Volatility (1Y)

Calculated over the trailing 1-year period

15.74%

17.75%

-2.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.59%

21.53%

-0.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.20%

23.48%

-0.28%

ISCV vs. VTWV - Expense Ratio Comparison

Both ISCV and VTWV have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

ISCV vs. VTWV - Dividend Comparison

ISCV's dividend yield for the trailing twelve months is around 1.83%, more than VTWV's 1.60% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VTWV
Vanguard Russell 2000 Value ETF		1.60%1.79%1.78%2.02%2.07%1.60%1.49%1.82%2.04%1.63%1.57%2.03%

Frequently Asked Questions

With a correlation of 0.94, ISCV and VTWV 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 VTWV (3.31%). In terms of maximum drawdown, ISCV dropped -63.14% vs VTWV's -45.73%.

On 10-year performance, VTWV leads with 10.42% vs 9.09% for ISCV. Both ETFs have the same 0.06% expense ratio. On volatility, VTWV has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VTWV has performed better with a 10.42% return vs 9.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ISCV and VTWV have the same expense ratio: 0.06% per year.

ISCV has the higher dividend yield at 1.83%, compared with 1.60% for VTWV.

ISCV tracks Morningstar US Small Cap Broad Value Extended Index, while VTWV tracks Russell 2000 Value Index. They also come from different issuers: iShares and Vanguard.

VTWV currently has the higher Sharpe Ratio (2.31 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.

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