ISVL vs. CIEN
ISVL (iShares International Developed Small Cap Value Factor ETF) is Small Cap Value Equities fund tracking the FTSE Developed ex US ex Korea Small Cap Focused Value Index, while CIEN (Ciena Corporation) is a stock. Over the past 5 years, ISVL returned 10.55%/yr vs 49.92%/yr for CIEN. At a 0.45 correlation, their price movements are largely independent.
Performance
ISVL vs. CIEN - Performance Comparison
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Returns By Period
In the year-to-date period, ISVL achieves a 10.51% return, which is significantly lower than CIEN's 90.70% return.
ISVL
- 1D
- 0.50%
- 1M
- 1.31%
- YTD
- 10.51%
- 6M
- 13.02%
- 1Y
- 28.56%
- 3Y*
- 21.36%
- 5Y*
- 10.55%
- 10Y*
- —
CIEN
- 1D
- 0.17%
- 1M
- -22.83%
- YTD
- 90.70%
- 6M
- 104.17%
- 1Y
- 501.62%
- 3Y*
- 119.10%
- 5Y*
- 49.92%
- 10Y*
- 35.80%
ISVL vs. CIEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVL iShares International Developed Small Cap Value Factor ETF | 10.51% | 42.84% | 4.58% | 17.56% | -13.69% | 8.32% |
CIEN Ciena Corporation | 90.70% | 175.76% | 88.42% | -11.71% | -33.77% | 46.58% |
Correlation
The correlation between ISVL and CIEN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021 | 0.45 |
The correlation between ISVL and CIEN shifts across timeframes, from 0.34 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ISVL vs. CIEN — Risk / Return Rank
ISVL
CIEN
ISVL vs. CIEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Small Cap Value Factor ETF (ISVL) and Ciena Corporation (CIEN). 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.
| ISVL | CIEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.72 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 16.49 | -14.19 |
| Martin ratioReturn relative to average drawdown | 8.97 | 76.44 | -67.47 |
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Drawdowns
ISVL vs. CIEN - Drawdown Comparison
The maximum ISVL drawdown since its inception was -30.48%, smaller than the maximum CIEN drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for ISVL and CIEN.
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Drawdown Indicators
| ISVL | CIEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.48% | -99.51% | +69.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.48% | -30.68% | +18.20% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -45.51% | +32.58% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -49.54% | +19.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.54% | — |
Current DrawdownCurrent decline from peak | -0.30% | -57.38% | +57.08% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -87.08% | +80.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 6.61% | -3.41% |
Volatility
ISVL vs. CIEN - Volatility Comparison
The current volatility for iShares International Developed Small Cap Value Factor ETF (ISVL) is 4.96%, while Ciena Corporation (CIEN) has a volatility of 24.81%. This indicates that ISVL experiences smaller price fluctuations and is considered to be less risky than CIEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVL | CIEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 24.81% | -19.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 56.12% | -43.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 66.74% | -51.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 48.55% | -31.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.79% | 44.35% | -27.56% |
Dividends
ISVL vs. CIEN - Dividend Comparison
ISVL's dividend yield for the trailing twelve months is around 2.43%, while CIEN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CIEN Ciena Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISVL iShares International Developed Small Cap Value Factor ETF | 2.43% | 2.69% | 3.92% | 3.82% | 3.37% | 2.82% |
Frequently Asked Questions
ISVL and CIEN have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIEN has higher volatility (24.81%) compared to ISVL (4.96%). In terms of maximum drawdown, ISVL dropped -30.48% vs CIEN's -99.51%.
CIEN currently has the higher Sharpe Ratio (7.58 vs 1.94), 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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