ISVL vs. SLYV

Last updated Jun 4, 2026

ISVL (iShares International Developed Small Cap Value Factor ETF) and SLYV (SPDR S&P 600 Small Cap Value ETF) are both Small Cap Value Equities funds - ISVL tracks the FTSE Developed ex US ex Korea Small Cap Focused Value Index while SLYV tracks the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 5 years, ISVL returned 10.07%/yr vs 5.66%/yr for SLYV. A 0.68 correlation means they provide meaningful diversification when combined. ISVL charges 0.30%/yr vs 0.15%/yr for SLYV.

Performance

ISVL vs. SLYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Developed Small Cap Value Factor ETF (ISVL) and SPDR S&P 600 Small Cap Value ETF (SLYV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISVL achieves a 8.45% return, which is significantly lower than SLYV's 15.25% return.

ISVL

• 1D: -1.11%
• 1M: 2.16%
• YTD: 8.45%
• 6M: 12.58%
• 1Y: 28.37%
• 3Y*: 21.34%
• 5Y*: 10.07%
• 10Y*: —

SLYV

• 1D: -1.18%
• 1M: 2.30%
• YTD: 15.25%
• 6M: 14.70%
• 1Y: 37.01%
• 3Y*: 14.08%
• 5Y*: 5.66%
• 10Y*: 10.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISVL vs. SLYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ISVL iShares International Developed Small Cap Value Factor ETF	8.45%	42.84%	4.58%	17.56%	-13.69%	7.69%
SLYV SPDR S&P 600 Small Cap Value ETF	15.25%	6.54%	7.28%	14.82%	-11.08%	6.37%

Correlation

The correlation between ISVL and SLYV is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.68

The correlation between ISVL and SLYV has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.

ISVL vs. SLYV - Sectors Allocation Comparison

Sectors	ISVL	SLYV
Industrials	23.3%	11.6%
Financial Services	20.8%	19.8%
Real Estate	11.1%	8.7%
Consumer Cyclical	10.4%	15.9%
Basic Materials	9.1%	7.1%
Energy	7.3%	7.6%
Consumer Defensive	5.3%	3.8%
Technology	4.7%	11.3%
Healthcare	3.7%	7.5%
Communication Services	3.0%	4.4%
Utilities	1.5%	2.2%

Return for Risk

ISVL vs. SLYV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISVL

ISVL Risk / Return Rank: 54
ISVL Sharpe Ratio Rank: 57
ISVL Sortino Ratio Rank: 57
ISVL Omega Ratio Rank: 58
ISVL Calmar Ratio Rank: 46
ISVL Martin Ratio Rank: 52

SLYV

SLYV Risk / Return Rank: 65
SLYV Sharpe Ratio Rank: 59
SLYV Sortino Ratio Rank: 62
SLYV Omega Ratio Rank: 56
SLYV Calmar Ratio Rank: 77
SLYV Martin Ratio Rank: 70

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.

ISVL vs. SLYV - 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 SPDR S&P 600 Small Cap Value ETF (SLYV). 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.

	ISVL	SLYV	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.05	-0.07
Sortino ratio: Return per unit of downside risk	2.78	2.95	-0.17
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	2.28	3.97	-1.69
Martin ratio: Return relative to average drawdown	8.95	13.09	-4.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISVL vs. SLYV - Sharpe Ratio Comparison

The current ISVL Sharpe Ratio is 1.98, which is comparable to the SLYV Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of ISVL and SLYV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISVL	SLYV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	2.05	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.26	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.46	+0.23

Drawdowns

ISVL vs. SLYV - Drawdown Comparison

The maximum ISVL drawdown since its inception was -30.48%, smaller than the maximum SLYV drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for ISVL and SLYV.

Drawdown Indicators

	ISVL	SLYV	Difference
Max Drawdown Largest peak-to-trough decline	-30.48%	-61.15%	+30.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-9.36%	-3.12%
Max Drawdown (3Y) Largest decline over 3 years	-12.93%	-28.68%	+15.75%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-28.68%	-1.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.73%	—
Current Drawdown Current decline from peak	-2.16%	-1.18%	-0.98%
Average Drawdown Average peak-to-trough decline	-6.66%	-8.94%	+2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	2.83%	+0.35%

Volatility

ISVL vs. SLYV - Volatility Comparison

iShares International Developed Small Cap Value Factor ETF (ISVL) and SPDR S&P 600 Small Cap Value ETF (SLYV) have volatilities of 4.54% and 4.42%, 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.

Volatility by Period

	ISVL	SLYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	4.42%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	11.46%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	18.26%	-3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	21.96%	-5.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	23.96%	-7.18%

ISVL vs. SLYV - Expense Ratio Comparison

ISVL has a 0.30% expense ratio, which is higher than SLYV's 0.15% expense ratio.

Dividends

ISVL vs. SLYV - Dividend Comparison

ISVL's dividend yield for the trailing twelve months is around 2.48%, more than SLYV's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISVL iShares International Developed Small Cap Value Factor ETF	2.48%	2.69%	3.92%	3.82%	3.37%	2.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SLYV SPDR S&P 600 Small Cap Value ETF	1.82%	2.02%	2.30%	2.11%	1.47%	1.94%	1.40%	1.67%	2.14%	5.53%	2.18%	6.55%

Frequently Asked Questions

Can I hold both ISVL and SLYV in my portfolio?

ISVL and SLYV have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISVL or SLYV?

ISVL has higher volatility (4.54%) compared to SLYV (4.42%). In terms of maximum drawdown, ISVL dropped -30.48% vs SLYV's -61.15%.

Which ETF is better, ISVL or SLYV?

On 5-year performance, ISVL leads with 10.07% vs 5.66% for SLYV. On fees, SLYV is cheaper at 0.15% per year. On volatility, SLYV has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ISVL or SLYV?

Over the 5-year period, ISVL has performed better with a 10.07% return vs 5.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ISVL or SLYV?

SLYV is cheaper with a 0.15% expense ratio, compared with 0.30% for ISVL.

Which ETF pays a higher dividend yield, ISVL or SLYV?

ISVL has the higher dividend yield at 2.48%, compared with 1.82% for SLYV.

What is the main difference between ISVL and SLYV?

ISVL tracks FTSE Developed ex US ex Korea Small Cap Focused Value Index, while SLYV tracks S&P SmallCap 600 Value Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.30% for ISVL and 0.15% for SLYV.

Which has better risk-adjusted returns?

SLYV currently has the higher Sharpe Ratio (2.05 vs 1.98), 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.