IVLU vs. BTMKX
IVLU (iShares MSCI Intl Value Factor ETF) and BTMKX (iShares MSCI EAFE International Index Fund) are both Foreign Large Cap Equities funds from iShares - IVLU tracks the MSCI World ex USA Enhanced Value while BTMKX tracks the MSCI EAFE Index. Both are passively managed. Over the past 10 years, IVLU returned 10.97%/yr vs 9.42%/yr for BTMKX. Their correlation of 0.88 suggests significant overlap in exposure. IVLU charges 0.30%/yr vs 0.05%/yr for BTMKX.
Performance
IVLU vs. BTMKX - Performance Comparison
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Returns By Period
In the year-to-date period, IVLU achieves a 12.64% return, which is significantly higher than BTMKX's 9.65% return. Over the past 10 years, IVLU has outperformed BTMKX with an annualized return of 10.97%, while BTMKX has yielded a comparatively lower 9.42% annualized return.
IVLU
- 1D
- -0.74%
- 1M
- 4.72%
- YTD
- 12.64%
- 6M
- 16.60%
- 1Y
- 35.35%
- 3Y*
- 24.56%
- 5Y*
- 14.01%
- 10Y*
- 10.97%
BTMKX
- 1D
- 0.33%
- 1M
- 4.17%
- YTD
- 9.65%
- 6M
- 12.05%
- 1Y
- 22.44%
- 3Y*
- 17.20%
- 5Y*
- 8.94%
- 10Y*
- 9.42%
IVLU vs. BTMKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVLU iShares MSCI Intl Value Factor ETF | 12.64% | 46.09% | 6.76% | 20.07% | -5.73% | 15.60% | -4.50% | 15.60% | -15.10% | 23.10% |
BTMKX iShares MSCI EAFE International Index Fund | 9.65% | 31.70% | 3.70% | 18.37% | -14.04% | 11.30% | 8.07% | 21.96% | -13.38% | 25.17% |
Correlation
The correlation between IVLU and BTMKX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2015 | 0.88 |
The correlation between IVLU and BTMKX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
IVLU vs. BTMKX — Risk / Return Rank
IVLU
BTMKX
IVLU vs. BTMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Value Factor ETF (IVLU) and iShares MSCI EAFE International Index Fund (BTMKX). 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.
| IVLU | BTMKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.26 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.91 | +1.13 |
| Martin ratioReturn relative to average drawdown | 11.57 | 7.15 | +4.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IVLU | BTMKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.43 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.56 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.57 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.39 | +0.08 |
Drawdowns
IVLU vs. BTMKX - Drawdown Comparison
The maximum IVLU drawdown since its inception was -41.85%, which is greater than BTMKX's maximum drawdown of -33.92%. Use the drawdown chart below to compare losses from any high point for IVLU and BTMKX.
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Drawdown Indicators
| IVLU | BTMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.85% | -33.92% | -7.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -11.30% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -15.48% | -13.66% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -29.23% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | -41.85% | -33.92% | -7.93% |
Current DrawdownCurrent decline from peak | -0.81% | -0.38% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -7.77% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.01% | +0.05% |
Volatility
IVLU vs. BTMKX - Volatility Comparison
iShares MSCI Intl Value Factor ETF (IVLU) and iShares MSCI EAFE International Index Fund (BTMKX) have volatilities of 4.63% and 4.70%, 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
| IVLU | BTMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.70% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 12.29% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 15.14% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.48% | 16.17% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 16.67% | +0.99% |
IVLU vs. BTMKX - Expense Ratio Comparison
IVLU has a 0.30% expense ratio, which is higher than BTMKX's 0.05% expense ratio.
Dividends
IVLU vs. BTMKX - Dividend Comparison
IVLU's dividend yield for the trailing twelve months is around 3.29%, less than BTMKX's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTMKX iShares MSCI EAFE International Index Fund | 3.42% | 3.74% | 3.43% | 3.19% | 2.80% | 3.06% | 1.99% | 3.34% | 4.58% | 2.45% | 2.85% | 2.42% |
IVLU iShares MSCI Intl Value Factor ETF | 3.29% | 3.71% | 4.46% | 4.69% | 3.59% | 3.47% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% |
Frequently Asked Questions
With a correlation of 0.93, IVLU and BTMKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BTMKX has higher volatility (4.70%) compared to IVLU (4.63%). In terms of maximum drawdown, IVLU dropped -41.85% vs BTMKX's -33.92%.
IVLU currently has the higher Sharpe Ratio (2.36 vs 1.43), 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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