IVE vs. IGF

Last updated Aug 2, 2026

IVE (iShares S&P 500 Value ETF) and IGF (iShares Global Infrastructure ETF) are both exchange-traded funds - IVE is a Large Cap Value Equities fund tracking the S&P 500 Value Index, while IGF is a Infrastructure Equities fund tracking the S&P Global Infrastructure Index (Net). Both are passively managed. Over the past 10 years, IVE returned 11.78%/yr vs 8.14%/yr for IGF. Their 0.74 correlation means they have sometimes moved together and sometimes differently. IVE charges 0.18%/yr vs 0.39%/yr for IGF.

Performance

IVE vs. IGF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Value ETF (IVE) and iShares Global Infrastructure ETF (IGF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IVE having a 10.10% return and IGF slightly higher at 10.41%. Over the past 10 years, IVE has outperformed IGF with an annualized return of 11.78%, while IGF has yielded a comparatively lower 8.14% annualized return.

IVE

• 1D: -0.19%
• 1M: 0.66%
• 6M: 7.48%
• YTD: 10.10%
• 1Y: 21.16%
• 3Y*: 13.76%
• 5Y*: 11.36%
• 10Y*: 11.78%
• ALL TIME*: 7.63%

IGF

• 1D: -0.28%
• 1M: -0.09%
• 6M: 5.19%
• YTD: 10.41%
• 1Y: 16.30%
• 3Y*: 16.16%
• 5Y*: 11.05%
• 10Y*: 8.14%
• ALL TIME*: 4.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IGF iShares Global Infrastructure ETF	$38.15M	$37.64M	$47.97M
IVE iShares S&P 500 Value ETF	$168.69M	$149.09M	$229.92M

IVE vs. IGF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVE iShares S&P 500 Value ETF	10.10%	13.02%	12.03%	22.07%	-5.41%	24.72%	1.22%	31.62%	-9.22%	15.24%
IGF iShares Global Infrastructure ETF	10.41%	21.31%	14.81%	6.14%	-1.26%	11.57%	-6.50%	25.82%	-9.95%	19.31%

Correlation

The correlation between IVE and IGF is 0.54, 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.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Dec 12, 2007	0.74

Over the past year, the correlation between IVE and IGF has dropped to 0.54 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

IVE vs. IGF - Sectors Allocation Comparison

Sectors	IVE	IGF
Technology	21.7%	-
Financial Services	15.0%	-
Healthcare	12.2%	-
Industrials	10.9%	36.4%
Consumer Cyclical	10.6%	-
Consumer Defensive	8.8%	-
Energy	6.6%	20.5%
Utilities	4.5%	40.0%
Basic Materials	3.3%	-
Real Estate	3.3%	0.1%
Communication Services	2.9%	-

Return for Risk

IVE vs. IGF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IVE

IVE Risk / Return Rank: 85
IVE Sharpe Ratio Rank: 85
IVE Sortino Ratio Rank: 84
IVE Omega Ratio Rank: 84
IVE Calmar Ratio Rank: 84
IVE Martin Ratio Rank: 86

IGF

IGF Risk / Return Rank: 69
IGF Sharpe Ratio Rank: 69
IGF Sortino Ratio Rank: 69
IGF Omega Ratio Rank: 66
IGF Calmar Ratio Rank: 79
IGF Martin Ratio Rank: 63

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.

IVE vs. IGF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Value ETF (IVE) and iShares Global Infrastructure ETF (IGF). 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.

	IVE	IGF	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.55	+0.43
Sortino ratio: Return per unit of downside risk	2.78	2.25	+0.54
Omega ratio: Gain probability vs. loss probability	1.36	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	3.18	2.83	+0.35
Martin ratio: Return relative to average drawdown	12.27	7.59	+4.68

IVE vs. IGF - Sharpe Ratio Comparison

The current IVE Sharpe Ratio is 1.99, which is comparable to the IGF Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of IVE and IGF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVE vs. IGF - Drawdown Comparison

The maximum IVE drawdown since its inception was -61.32%, which is greater than IGF's maximum drawdown of -58.33%. Use the drawdown chart below to compare losses from any high point for IVE and IGF.

Drawdown Indicators

	IVE	IGF	Difference
Max Drawdown Largest peak-to-trough decline	-61.32%	-58.33%	-2.99%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-5.87%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-11.31%	-6.27%
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	-20.83%	+2.79%
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	-42.11%	+5.07%
Current Drawdown Current decline from peak	-1.16%	-2.34%	+1.18%
Average Drawdown Average peak-to-trough decline	-10.04%	-11.79%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	2.19%	-0.59%

Volatility

IVE vs. IGF - Volatility Comparison

iShares S&P 500 Value ETF (IVE) and iShares Global Infrastructure ETF (IGF) have volatilities of 2.67% and 2.75%, 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

	IVE	IGF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	2.75%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.13%	8.92%	-1.79%
Volatility (1Y) Calculated over the trailing 1-year period	9.93%	10.69%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.31%	13.95%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	16.71%	+0.18%

IVE vs. IGF - Expense Ratio Comparison

IVE has a 0.18% expense ratio, which is lower than IGF's 0.39% expense ratio.

Dividends

IVE vs. IGF - Dividend Comparison

IVE's dividend yield for the trailing twelve months is around 1.53%, less than IGF's 2.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGF iShares Global Infrastructure ETF	2.89%	3.23%	3.21%	3.36%	2.67%	2.42%	2.33%	3.27%	3.52%	2.95%	2.98%	3.25%
IVE iShares S&P 500 Value ETF	1.53%	1.61%	2.04%	1.65%	2.10%	1.81%	2.37%	2.11%	2.74%	2.12%	2.26%	2.44%

Frequently Asked Questions

Can I hold both IVE and IGF in my portfolio?

IVE and IGF have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVE or IGF?

IGF has higher volatility (2.75%) compared to IVE (2.67%). In terms of maximum drawdown, IVE dropped -61.32% vs IGF's -58.33%.

Which ETF is better, IVE or IGF?

On 10-year performance, IVE leads with 11.78% vs 8.14% for IGF. On fees, IVE is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVE or IGF?

Over the 10-year period, IVE has performed better with a 11.78% return vs 8.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVE or IGF?

IVE is cheaper with a 0.18% expense ratio, compared with 0.39% for IGF.

Which ETF pays a higher dividend yield, IVE or IGF?

IGF has the higher dividend yield at 2.89%, compared with 1.53% for IVE.

What is the main difference between IVE and IGF?

IVE is categorized as Large Cap Value Equities, while IGF is Infrastructure Equities. IVE tracks S&P 500 Value Index, while IGF tracks S&P Global Infrastructure Index (Net). Their fees differ too: 0.18% for IVE and 0.39% for IGF.

Which has better risk-adjusted returns?

IVE currently has the higher Sharpe Ratio (1.99 vs 1.55), 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.