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IUSV vs. FDL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IUSV vs. FDL

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Core S&P U.S. Value ETF (IUSV) and First Trust Morningstar Dividend Leaders Index Fund (FDL).

IUSV and FDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IUSV is a passively managed fund by iShares that tracks the performance of the S&P 900 Value Index. It was launched on Jul 24, 2000. FDL is a passively managed fund by First Trust that tracks the performance of the Morningstar Dividend Leaders Index. It was launched on Mar 9, 2006. Both IUSV and FDL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IUSV vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P U.S. Value ETF (IUSV) and First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

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IUSV vs. FDL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUSV
iShares Core S&P U.S. Value ETF		0.10%12.85%12.18%21.73%-5.40%25.22%1.56%31.47%-9.21%15.09%
FDL
First Trust Morningstar Dividend Leaders Index Fund		15.49%14.79%17.98%2.94%6.66%26.10%-4.30%24.41%-5.99%12.02%

Returns By Period

In the year-to-date period, IUSV achieves a 0.10% return, which is significantly lower than FDL's 15.49% return. Both investments have delivered pretty close results over the past 10 years, with IUSV having a 11.59% annualized return and FDL not far ahead at 11.60%.

IUSV

1D
1.77%
1M
-4.59%
YTD
0.10%
6M
3.24%
1Y
12.87%
3Y*
13.69%
5Y*
10.25%
10Y*
11.59%

FDL

1D
0.43%
1M
0.01%
YTD
15.49%
6M
19.42%
1Y
21.84%
3Y*
18.00%
5Y*
14.12%
10Y*
11.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

iShares Core S&P U.S. Value ETF

First Trust Morningstar Dividend Leaders Index Fund

Often compared with IUSV:
IUSV vs. IUSGIUSV vs. VTVIUSV vs. SCHDIUSV vs. SPYIUSV vs. VOOIUSV vs. VLUEIUSV vs. DGRO
Often compared with FDL:
FDL vs. SCHDFDL vs. FDVVFDL vs. VYMFDL vs. LVHDFDL vs. SPYDFDL vs. VOOFDL vs. SPHD

IUSV vs. FDL - Expense Ratio Comparison

IUSV has a 0.04% expense ratio, which is lower than FDL's 0.45% expense ratio.

FDL
First Trust Morningstar Dividend Leaders Index Fund
IUSV
iShares Core S&P U.S. Value ETF

Return for Risk

IUSV vs. FDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUSV
IUSV Risk / Return Rank: 5151
Overall Rank
IUSV Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IUSV Sortino Ratio Rank: 4949
Sortino Ratio Rank
IUSV Omega Ratio Rank: 5252
Omega Ratio Rank
IUSV Calmar Ratio Rank: 4949
Calmar Ratio Rank
IUSV Martin Ratio Rank: 5959
Martin Ratio Rank
FDL
FDL Risk / Return Rank: 7979
Overall Rank
FDL Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FDL Sortino Ratio Rank: 8282
Sortino Ratio Rank
FDL Omega Ratio Rank: 7979
Omega Ratio Rank
FDL Calmar Ratio Rank: 7777
Calmar Ratio Rank
FDL Martin Ratio Rank: 7676
Martin Ratio Rank
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.

IUSV vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Value ETF (IUSV) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.

IUSVFDLDifference

Sharpe ratio

Return per unit of total volatility

0.82

1.47

-0.65

Sortino ratio

Return per unit of downside risk

1.24

2.06

-0.81

Omega ratio

Gain probability vs. loss probability

1.19

1.29

-0.10

Calmar ratio

Return relative to maximum drawdown

1.15

1.96

-0.81

Martin ratio

Return relative to average drawdown

5.37

7.63

-2.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSV vs. FDL - Sharpe Ratio Comparison

The current IUSV Sharpe Ratio is 0.82, which is lower than the FDL Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of IUSV and FDL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

IUSVFDLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.82

1.47

-0.65

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.99

-0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.68

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.46

+0.13

Correlation

The correlation between IUSV and FDL is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IUSV vs. FDL - Dividend Comparison

IUSV's dividend yield for the trailing twelve months is around 1.81%, less than FDL's 3.61% yield.

TTM20252024202320222021202020192018201720162015
IUSV
iShares Core S&P U.S. Value ETF		1.81%1.78%2.15%1.75%2.22%1.87%2.40%2.19%2.67%1.93%4.44%7.63%
FDL
First Trust Morningstar Dividend Leaders Index Fund		3.61%4.04%4.96%4.58%3.58%4.59%4.48%3.75%3.97%3.18%2.93%3.65%

Drawdowns

IUSV vs. FDL - Drawdown Comparison

The maximum IUSV drawdown since its inception was -56.88%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for IUSV and FDL.

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Drawdown Indicators

IUSVFDLDifference

Max Drawdown

Largest peak-to-trough decline

-56.88%

-65.93%

+9.05%

Max Drawdown (1Y)

Largest decline over 1 year

-12.13%

-11.58%

-0.55%

Max Drawdown (5Y)

Largest decline over 5 years

-17.95%

-16.46%

-1.49%

Max Drawdown (10Y)

Largest decline over 10 years

-37.54%

-41.40%

+3.86%

Current Drawdown

Current decline from peak

-4.64%

-0.10%

-4.54%

Average Drawdown

Average peak-to-trough decline

-6.33%

-9.73%

+3.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.60%

3.10%

-0.50%

Volatility

IUSV vs. FDL - Volatility Comparison

iShares Core S&P U.S. Value ETF (IUSV) has a higher volatility of 3.92% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.56%. This indicates that IUSV's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUSVFDLDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

2.56%

+1.36%

Volatility (6M)

Calculated over the trailing 6-month period

7.79%

8.16%

-0.37%

Volatility (1Y)

Calculated over the trailing 1-year period

15.70%

14.96%

+0.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.60%

14.31%

+0.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.09%

17.09%

0.00%