ISVL vs. SQLV

Last updated Apr 1, 2026

Compare and contrast key facts about iShares International Developed Small Cap Value Factor ETF (ISVL) and Royce Quant Small-Cap Quality Value ETF (SQLV).

ISVL and SQLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISVL is a passively managed fund by iShares that tracks the performance of the FTSE Developed ex US ex Korea Small Cap Focused Value Index. It was launched on Mar 23, 2021. SQLV is an actively managed fund by Franklin Templeton. It was launched on Jul 12, 2017.

Performance

ISVL vs. SQLV - 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 Royce Quant Small-Cap Quality Value ETF (SQLV). The values are adjusted to include any dividend payments, if applicable.

ISVL vs. SQLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ISVL iShares International Developed Small Cap Value Factor ETF	1.12%	42.84%	4.58%	17.56%	-13.69%	7.69%
SQLV Royce Quant Small-Cap Quality Value ETF	2.33%	2.50%	4.76%	21.21%	-12.86%	14.27%

Returns By Period

In the year-to-date period, ISVL achieves a 1.12% return, which is significantly lower than SQLV's 2.33% return.

ISVL

• 1D: 3.13%
• 1M: -8.78%
• YTD: 1.12%
• 6M: 7.68%
• 1Y: 33.57%
• 3Y*: 19.03%
• 5Y*: 10.21%
• 10Y*: —

SQLV

• 1D: 1.41%
• 1M: -3.07%
• YTD: 2.33%
• 6M: 3.74%
• 1Y: 17.85%
• 3Y*: 8.87%
• 5Y*: 5.25%
• 10Y*: —

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

ISVL vs. SQLV - Expense Ratio Comparison

ISVL has a 0.30% expense ratio, which is lower than SQLV's 0.60% expense ratio.

SQLV

Royce Quant Small-Cap Quality Value ETF

ISVL

iShares International Developed Small Cap Value Factor ETF

Return for Risk

ISVL vs. SQLV — Risk / Return Rank

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

ISVL

ISVL Risk / Return Rank: 90
ISVL Sharpe Ratio Rank: 90
ISVL Sortino Ratio Rank: 92
ISVL Omega Ratio Rank: 93
ISVL Calmar Ratio Rank: 87
ISVL Martin Ratio Rank: 88

SQLV

SQLV Risk / Return Rank: 48
SQLV Sharpe Ratio Rank: 44
SQLV Sortino Ratio Rank: 48
SQLV Omega Ratio Rank: 42
SQLV Calmar Ratio Rank: 54
SQLV Martin Ratio Rank: 49

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. SQLV - 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 Royce Quant Small-Cap Quality Value ETF (SQLV). 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	SQLV	Difference
Sharpe ratio Return per unit of total volatility	1.91	0.81	+1.10
Sortino ratio Return per unit of downside risk	2.63	1.29	+1.35
Omega ratio Gain probability vs. loss probability	1.41	1.16	+0.25
Calmar ratio Return relative to maximum drawdown	2.59	1.37	+1.22
Martin ratio Return relative to average drawdown	10.59	4.69	+5.90
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. SQLV - Sharpe Ratio Comparison

The current ISVL Sharpe Ratio is 1.91, which is higher than the SQLV Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of ISVL and SQLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ISVL	SQLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	0.81	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.25	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.34	+0.29

Correlation

The correlation between ISVL and SQLV is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ISVL vs. SQLV - Dividend Comparison

ISVL's dividend yield for the trailing twelve months is around 2.66%, more than SQLV's 1.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISVL iShares International Developed Small Cap Value Factor ETF	2.66%	2.69%	3.92%	3.82%	3.37%	2.82%	0.00%	0.00%	0.00%	0.00%
SQLV Royce Quant Small-Cap Quality Value ETF	1.11%	1.15%	1.11%	1.09%	1.24%	1.12%	1.22%	1.20%	1.08%	0.40%

Drawdowns

ISVL vs. SQLV - Drawdown Comparison

The maximum ISVL drawdown since its inception was -30.48%, smaller than the maximum SQLV drawdown of -48.34%. Use the drawdown chart below to compare losses from any high point for ISVL and SQLV.

Drawdown Indicators

	ISVL	SQLV	Difference
Max Drawdown Largest peak-to-trough decline	-30.48%	-48.34%	+17.86%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-12.92%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-26.86%	-3.62%
Current Drawdown Current decline from peak	-8.78%	-5.16%	-3.62%
Average Drawdown Average peak-to-trough decline	-6.79%	-9.10%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.79%	-0.73%

Volatility

ISVL vs. SQLV - Volatility Comparison

iShares International Developed Small Cap Value Factor ETF (ISVL) has a higher volatility of 7.55% compared to Royce Quant Small-Cap Quality Value ETF (SQLV) at 5.25%. This indicates that ISVL's price experiences larger fluctuations and is considered to be riskier than SQLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISVL	SQLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	5.25%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	12.40%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	22.07%	-4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	21.04%	-4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	23.50%	-6.76%