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ISVL vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISVL vs. XSVM

Last updated Aug 4, 2026
Documentation

ISVL (iShares International Developed Small Cap Value Factor ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - ISVL is a Small Cap Value Equities fund tracking the FTSE Developed ex US ex Korea Small Cap Focused Value Index (USD) (Net), while XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 5 years, ISVL returned 11.13%/yr vs 10.26%/yr for XSVM. Their 0.64 correlation means they have sometimes moved together and sometimes differently. ISVL charges 0.31%/yr vs 0.37%/yr for XSVM.

Performance

ISVL vs. XSVM - 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 Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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 XSVM's 27.31% 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%

XSVM

1D
1.19%
1M
3.59%
6M
17.18%
YTD
27.31%
1Y
43.31%
3Y*
15.08%
5Y*
10.26%
10Y*
13.04%
ALL TIME*
9.38%
*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

XSVM

Invesco S&P SmallCap Value with Momentum ETF
$2.64M$2.37M$2.08M

ISVL vs. XSVM - 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%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		27.31%7.47%2.30%20.20%-13.63%21.37%

Correlation

The correlation between ISVL and XSVM is 0.50, which is low. Their historical price movements had little consistent relationship.

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

0.50

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

0.59

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

0.65

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

0.64

The correlation between ISVL and XSVM shifts across timeframes, from 0.50 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.

ISVL vs. XSVM - Sectors Allocation Comparison

Sectors
ISVL
XSVM

Industrials

23.7%
5.3%

Financial Services

21.7%
45.1%

Real Estate

10.8%
9.7%

Consumer Cyclical

10.7%
18.1%

Basic Materials

9.0%
3.0%

Energy

6.1%
5.7%

Consumer Defensive

5.4%
4.1%

Technology

4.7%
2.6%

Healthcare

3.7%
1.7%

Communication Services

2.8%
2.6%

Utilities

1.3%
2.1%

Industrials

ISVL
23.7%
XSVM
5.3%

Financial Services

ISVL
21.7%
XSVM
45.1%

Real Estate

ISVL
10.8%
XSVM
9.7%

Consumer Cyclical

ISVL
10.7%
XSVM
18.1%

Basic Materials

ISVL
9.0%
XSVM
3.0%

Energy

ISVL
6.1%
XSVM
5.7%

Consumer Defensive

ISVL
5.4%
XSVM
4.1%

Technology

ISVL
4.7%
XSVM
2.6%

Healthcare

ISVL
3.7%
XSVM
1.7%

Communication Services

ISVL
2.8%
XSVM
2.6%

Utilities

ISVL
1.3%
XSVM
2.1%

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

Invesco S&P SmallCap Value with Momentum ETF

Often compared with ISVL:
ISVL vs. AVDVISVL vs. ISCFISVL vs. DLSISVL vs. VSSISVL vs. HSCZISVL vs. TISVXISVL vs. DDLS
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

ISVL vs. XSVM — 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
XSVM
XSVM Risk / Return Rank: 9191
Overall Rank
XSVM Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 9393
Sortino Ratio Rank
XSVM Omega Ratio Rank: 9090
Omega Ratio Rank
XSVM Calmar Ratio Rank: 9292
Calmar Ratio Rank
XSVM Martin Ratio Rank: 8888
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. XSVM - 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 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.

ISVLXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.97
2.45

-0.48

Sortino ratioReturn per unit of downside risk
2.79
3.53

-0.74

Omega ratioGain probability vs. loss probability

1.35

1.43

-0.08

Calmar ratioReturn relative to maximum drawdown

2.36

4.32

-1.96

Martin ratioReturn relative to average drawdown

9.17

13.79

-4.62

ISVL vs. XSVM - Sharpe Ratio Comparison

The current ISVL Sharpe Ratio is 1.97, which is comparable to the XSVM Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of ISVL 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.

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Drawdowns

ISVL vs. XSVM - Drawdown Comparison

The maximum ISVL drawdown since its inception was -30.48%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for ISVL and XSVM.

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Drawdown Indicators

ISVLXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-30.48%

-62.57%

+32.09%

Max Drawdown (1Y)

Largest decline over 1 year

-12.48%

-10.08%

-2.40%

Max Drawdown (3Y)

Largest decline over 3 years

-12.50%

-26.21%

+13.71%

Max Drawdown (5Y)

Largest decline over 5 years

-30.48%

-26.21%

-4.27%

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.02%

—

Current Drawdown

Current decline from peak

0.00%

-0.28%

+0.28%

Average Drawdown

Average peak-to-trough decline

-6.49%

-11.48%

+4.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

3.15%

+0.05%

Volatility

ISVL vs. XSVM - Volatility Comparison

iShares International Developed Small Cap Value Factor ETF (ISVL) and Invesco S&P SmallCap Value with Momentum ETF (XSVM) have volatilities of 4.46% and 4.25%, 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.

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Volatility by Period

ISVLXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.46%

4.25%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

12.80%

11.78%

+1.02%

Volatility (1Y)

Calculated over the trailing 1-year period

15.01%

17.83%

-2.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.92%

22.34%

-5.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.72%

25.01%

-8.29%

ISVL vs. XSVM - Expense Ratio Comparison

ISVL has a 0.31% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

ISVL vs. XSVM - Dividend Comparison

ISVL's dividend yield for the trailing twelve months is around 3.06%, more than XSVM's 1.73% 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%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.73%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

ISVL and XSVM have a correlation of 0.50, 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 XSVM (4.25%). In terms of maximum drawdown, ISVL dropped -30.48% vs XSVM's -62.57%.

On 5-year performance, ISVL leads with 11.13% vs 10.26% for XSVM. On fees, ISVL is cheaper at 0.31% per year. On volatility, XSVM has been the lower-risk option at 4.25%. 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 10.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ISVL is cheaper with a 0.31% expense ratio, compared with 0.37% for XSVM.

ISVL has the higher dividend yield at 3.06%, compared with 1.73% for XSVM.

ISVL is categorized as Small Cap Value Equities, while XSVM is Momentum. ISVL tracks FTSE Developed ex US ex Korea Small Cap Focused Value Index (USD) (Net), while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.31% for ISVL and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.45 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.

Portfolio Optimizer

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