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ISVL vs. VBR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISVL vs. VBR

Last updated Aug 4, 2026
Documentation

ISVL (iShares International Developed Small Cap Value Factor ETF) and VBR (Vanguard 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 (USD) (Net) while VBR tracks the CRSP US Small Cap Value Index. Both are passively managed. Over the past 5 years, ISVL returned 11.13%/yr vs 10.29%/yr for VBR. Their 0.72 correlation means they have sometimes moved together and sometimes differently. ISVL charges 0.31%/yr vs 0.05%/yr for VBR.

Performance

ISVL vs. VBR - 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 Vanguard Small-Cap Value ETF (VBR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ISVL achieves a 12.80% return, which is significantly lower than VBR's 18.17% return.

ISVL

1D
0.84%
1M
3.33%
6M
5.61%
YTD
12.80%
1Y
29.32%
3Y*
22.06%
5Y*
11.13%
10Y*
—
ALL TIME*
12.19%

VBR

1D
1.27%
1M
1.85%
6M
11.26%
YTD
18.17%
1Y
29.28%
3Y*
15.36%
5Y*
10.29%
10Y*
10.67%
ALL TIME*
9.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

ISVL

iShares International Developed Small Cap Value Factor ETF
$805.32K$840.91K$966.72K

VBR

Vanguard Small-Cap Value ETF
$57.38M$55.84M$67.82M

ISVL vs. VBR - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ISVL
iShares International Developed Small Cap Value Factor ETF		12.80%42.84%4.58%17.56%-13.69%8.32%
VBR
Vanguard Small-Cap Value ETF		18.17%9.09%12.40%16.00%-9.38%13.84%

Correlation

The correlation between ISVL and VBR is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.62

Correlation (3Y)
Balances recent behavior with more history.

0.66

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

0.72

Correlation (All Time)
Calculated using the full available price history since Mar 25, 2021

0.72

The correlation between ISVL and VBR shifts across timeframes, from 0.62 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

ISVL vs. VBR - Sectors Allocation Comparison

Sectors
ISVL
VBR

Industrials

23.7%
17.3%

Financial Services

21.7%
17.5%

Real Estate

10.8%
11.1%

Consumer Cyclical

10.7%
13.6%

Basic Materials

9.0%
5.3%

Energy

6.1%
4.3%

Consumer Defensive

5.4%
4.2%

Technology

4.7%
10.9%

Healthcare

3.7%
8.4%

Communication Services

2.8%
2.4%

Utilities

1.3%
4.9%

Industrials

ISVL
23.7%
VBR
17.3%

Financial Services

ISVL
21.7%
VBR
17.5%

Real Estate

ISVL
10.8%
VBR
11.1%

Consumer Cyclical

ISVL
10.7%
VBR
13.6%

Basic Materials

ISVL
9.0%
VBR
5.3%

Energy

ISVL
6.1%
VBR
4.3%

Consumer Defensive

ISVL
5.4%
VBR
4.2%

Technology

ISVL
4.7%
VBR
10.9%

Healthcare

ISVL
3.7%
VBR
8.4%

Communication Services

ISVL
2.8%
VBR
2.4%

Utilities

ISVL
1.3%
VBR
4.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares International Developed Small Cap Value Factor ETF

Vanguard Small-Cap Value ETF

Often compared with ISVL:
ISVL vs. AVDVISVL vs. ISCFISVL vs. DLSISVL vs. VSSISVL vs. HSCZISVL vs. TISVXISVL vs. DDLS
Often compared with VBR:
VBR vs. AVUVVBR vs. VBVBR vs. VOOVBR vs. VBKVBR vs. VTIVBR vs. VIOVVBR vs. VSIAX

Return for Risk

ISVL vs. VBR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ISVL
ISVL Risk / Return Rank: 7777
Overall Rank
ISVL Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
ISVL Sortino Ratio Rank: 8383
Sortino Ratio Rank
ISVL Omega Ratio Rank: 8181
Omega Ratio Rank
ISVL Calmar Ratio Rank: 6565
Calmar Ratio Rank
ISVL Martin Ratio Rank: 7272
Martin Ratio Rank
VBR
VBR Risk / Return Rank: 8484
Overall Rank
VBR Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
VBR Sortino Ratio Rank: 8686
Sortino Ratio Rank
VBR Omega Ratio Rank: 8181
Omega Ratio Rank
VBR Calmar Ratio Rank: 8585
Calmar Ratio Rank
VBR Martin Ratio Rank: 8585
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.

ISVL vs. VBR - 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 Vanguard Small-Cap Value ETF (VBR). 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.

ISVLVBRDifference
Sharpe ratioReturn per unit of total volatility
1.97
1.98

-0.02

Sortino ratioReturn per unit of downside risk
2.79
2.91

-0.12

Omega ratioGain probability vs. loss probability

1.35

1.35

0.00

Calmar ratioReturn relative to maximum drawdown

2.36

3.32

-0.96

Martin ratioReturn relative to average drawdown

9.17

12.14

-2.97

ISVL vs. VBR - Sharpe Ratio Comparison

The current ISVL Sharpe Ratio is 1.97, which is comparable to the VBR Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of ISVL and VBR, 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

ISVL vs. VBR - Drawdown Comparison

The maximum ISVL drawdown since its inception was -30.48%, smaller than the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for ISVL and VBR.

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Drawdown Indicators

ISVLVBRDifference

Max Drawdown

Largest peak-to-trough decline

-30.48%

-61.98%

+31.50%

Max Drawdown (1Y)

Largest decline over 1 year

-12.48%

-8.85%

-3.63%

Max Drawdown (3Y)

Largest decline over 3 years

-12.50%

-24.19%

+11.69%

Max Drawdown (5Y)

Largest decline over 5 years

-30.48%

-24.19%

-6.29%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.28%

—

Current Drawdown

Current decline from peak

0.00%

-0.15%

+0.15%

Average Drawdown

Average peak-to-trough decline

-6.49%

-8.21%

+1.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

2.42%

+0.78%

Volatility

ISVL vs. VBR - Volatility Comparison

iShares International Developed Small Cap Value Factor ETF (ISVL) has a higher volatility of 4.46% compared to Vanguard Small-Cap Value ETF (VBR) at 3.58%. This indicates that ISVL's price experiences larger fluctuations and is considered to be riskier than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ISVLVBRDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.46%

3.58%

+0.88%

Volatility (6M)

Calculated over the trailing 6-month period

12.80%

10.28%

+2.52%

Volatility (1Y)

Calculated over the trailing 1-year period

15.01%

14.86%

+0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.92%

19.57%

-2.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.72%

21.67%

-4.95%

ISVL vs. VBR - Expense Ratio Comparison

ISVL has a 0.31% expense ratio, which is higher than VBR's 0.05% expense ratio.

Dividends

ISVL vs. VBR - Dividend Comparison

ISVL's dividend yield for the trailing twelve months is around 3.06%, more than VBR's 1.74% yield.

PositionTTM20252024202320222021202020192018201720162015
ISVL
iShares International Developed Small Cap Value Factor ETF		3.06%2.69%3.92%3.82%3.37%2.82%0.00%0.00%0.00%0.00%0.00%0.00%
VBR
Vanguard Small-Cap Value ETF		1.74%1.95%1.98%2.12%2.03%1.75%1.68%2.06%2.35%1.79%1.77%1.99%

Frequently Asked Questions

ISVL and VBR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ISVL has higher volatility (4.46%) compared to VBR (3.58%). In terms of maximum drawdown, ISVL dropped -30.48% vs VBR's -61.98%.

On 5-year performance, ISVL leads with 11.13% vs 10.29% for VBR. On fees, VBR is cheaper at 0.05% per year. On volatility, VBR has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ISVL has performed better with a 11.13% return vs 10.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VBR is cheaper with a 0.05% expense ratio, compared with 0.31% for ISVL.

ISVL has the higher dividend yield at 3.06%, compared with 1.74% for VBR.

ISVL tracks FTSE Developed ex US ex Korea Small Cap Focused Value Index (USD) (Net), while VBR tracks CRSP US Small Cap Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.31% for ISVL and 0.05% for VBR.

VBR currently has the higher Sharpe Ratio (1.98 vs 1.97), 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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