PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ISCV vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISCV vs. XSVM

Last updated Jun 24, 2026

ISCV (iShares Morningstar Small Cap Value ETF) and XSVM (Invesco S&P SmallCap Value with Momentum 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 XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 10 years, ISCV returned 9.07%/yr vs 13.32%/yr for XSVM. Their correlation of 0.92 suggests significant overlap in exposure. ISCV charges 0.06%/yr vs 0.37%/yr for XSVM.

Performance

ISCV vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Small Cap Value ETF (ISCV) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ISCV achieves a 12.30% return, which is significantly lower than XSVM's 20.98% return. Over the past 10 years, ISCV has underperformed XSVM with an annualized return of 9.07%, while XSVM has yielded a comparatively higher 13.32% annualized return.

ISCV

1D
0.13%
1M
2.65%
YTD
12.30%
6M
10.92%
1Y
28.75%
3Y*
16.37%
5Y*
7.37%
10Y*
9.07%

XSVM

1D
0.77%
1M
3.66%
YTD
20.98%
6M
18.82%
1Y
37.12%
3Y*
17.66%
5Y*
7.87%
10Y*
13.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISCV vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISCV
iShares Morningstar Small Cap Value ETF		12.30%10.38%9.31%16.55%-10.58%29.15%0.86%19.51%-17.39%8.59%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.98%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%

Correlation

The correlation between ISCV and XSVM is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.90

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (10Y)
Calculated over the trailing 10-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2005

0.92

The correlation between ISCV and XSVM has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

ISCV vs. XSVM - Sectors Allocation Comparison

Sectors
ISCV
XSVM

Financial Services

22.4%
38.7%

Consumer Cyclical

15.6%
17.4%

Industrials

12.7%
6.3%

Real Estate

11.5%
4.8%

Healthcare

8.7%
1.1%

Technology

8.1%
9.5%

Energy

5.8%
9.3%

Consumer Defensive

4.7%
6.9%

Utilities

4.4%
1.2%

Basic Materials

3.4%
2.0%

Communication Services

2.0%
2.8%

Financial Services

ISCV
22.4%
XSVM
38.7%

Consumer Cyclical

ISCV
15.6%
XSVM
17.4%

Industrials

ISCV
12.7%
XSVM
6.3%

Real Estate

ISCV
11.5%
XSVM
4.8%

Healthcare

ISCV
8.7%
XSVM
1.1%

Technology

ISCV
8.1%
XSVM
9.5%

Energy

ISCV
5.8%
XSVM
9.3%

Consumer Defensive

ISCV
4.7%
XSVM
6.9%

Utilities

ISCV
4.4%
XSVM
1.2%

Basic Materials

ISCV
3.4%
XSVM
2.0%

Communication Services

ISCV
2.0%
XSVM
2.8%

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

Invesco S&P SmallCap Value with Momentum ETF

Often compared with ISCV:
ISCV vs. AVUVISCV vs. IJSISCV vs. VIOVISCV vs. SPSMISCV vs. SLYVISCV vs. VTIISCV vs. SCHD
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

ISCV vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISCV
ISCV Risk / Return Rank: 5959
Overall Rank
ISCV Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
ISCV Sortino Ratio Rank: 5959
Sortino Ratio Rank
ISCV Omega Ratio Rank: 5252
Omega Ratio Rank
ISCV Calmar Ratio Rank: 6666
Calmar Ratio Rank
ISCV Martin Ratio Rank: 6363
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 6767
Overall Rank
XSVM Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 6767
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6262
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7676
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6666
Martin Ratio Rank
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. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small Cap Value ETF (ISCV) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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.

ISCVXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.78
2.03

-0.25

Sortino ratioReturn per unit of downside risk
2.64
2.93

-0.29

Omega ratioGain probability vs. loss probability

1.31

1.36

-0.05

Calmar ratioReturn relative to maximum drawdown

3.12

3.70

-0.58

Martin ratioReturn relative to average drawdown

10.88

11.45

-0.57

ISCV vs. XSVM - Sharpe Ratio Comparison

The current ISCV Sharpe Ratio is 1.78, which is comparable to the XSVM Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of ISCV and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

ISCV vs. XSVM - Drawdown Comparison

The maximum ISCV drawdown since its inception was -63.14%, roughly equal to the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for ISCV and XSVM.

Loading charts...

Drawdown Indicators

ISCVXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-63.14%

-62.57%

-0.57%

Max Drawdown (1Y)

Largest decline over 1 year

-9.25%

-10.08%

+0.83%

Max Drawdown (3Y)

Largest decline over 3 years

-25.35%

-26.21%

+0.86%

Max Drawdown (5Y)

Largest decline over 5 years

-25.35%

-26.21%

+0.86%

Max Drawdown (10Y)

Largest decline over 10 years

-51.56%

-49.02%

-2.54%

Current Drawdown

Current decline from peak

-0.83%

-0.73%

-0.10%

Average Drawdown

Average peak-to-trough decline

-9.12%

-11.54%

+2.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

3.25%

-0.60%

Volatility

ISCV vs. XSVM - Volatility Comparison

The current volatility for iShares Morningstar Small Cap Value ETF (ISCV) is 3.79%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 4.63%. This indicates that ISCV experiences smaller price fluctuations and is considered to be less risky than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ISCVXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

4.63%

-0.84%

Volatility (6M)

Calculated over the trailing 6-month period

10.58%

12.28%

-1.70%

Volatility (1Y)

Calculated over the trailing 1-year period

16.28%

18.54%

-2.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.78%

22.55%

-1.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.27%

25.07%

-1.80%

ISCV vs. XSVM - Expense Ratio Comparison

ISCV has a 0.06% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

ISCV vs. XSVM - Dividend Comparison

ISCV's dividend yield for the trailing twelve months is around 1.90%, more than XSVM's 1.82% yield.

PositionTTM20252024202320222021202020192018201720162015
ISCV
iShares Morningstar Small Cap Value ETF		1.90%2.04%2.01%2.21%2.12%1.95%2.01%2.36%2.48%1.74%2.49%2.60%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.82%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

ISCV and XSVM have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (4.63%) compared to ISCV (3.79%). In terms of maximum drawdown, ISCV dropped -63.14% vs XSVM's -62.57%.

On 10-year performance, XSVM leads with 13.32% vs 9.07% for ISCV. On fees, ISCV is cheaper at 0.06% per year. On volatility, ISCV has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XSVM has performed better with a 13.32% return vs 9.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ISCV is cheaper with a 0.06% expense ratio, compared with 0.37% for XSVM.

ISCV has the higher dividend yield at 1.90%, compared with 1.82% for XSVM.

ISCV is categorized as Small Cap Value Equities, while XSVM is Momentum. ISCV tracks Morningstar US Small Cap Broad Value Extended Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.06% for ISCV and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.03 vs 1.78), 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

Find the right allocation for ISCV and XSVM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer