PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IVLU vs. DFIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVLU vs. DFIV

Last updated Jun 24, 2026

IVLU (iShares MSCI International Value Factor ETF) and DFIV (Dimensional International Value ETF) are both Foreign Large Cap Equities funds. IVLU is passively managed, while DFIV is actively managed. Over the past 3 years, IVLU returned 23.64%/yr vs 22.72%/yr for DFIV. With a 0.97 correlation, they move nearly in lockstep. IVLU charges 0.30%/yr vs 0.27%/yr for DFIV.

Performance

IVLU vs. DFIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI International Value Factor ETF (IVLU) and Dimensional International Value ETF (DFIV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IVLU achieves a 11.28% return, which is significantly higher than DFIV's 8.43% return.

IVLU

1D
-1.89%
1M
-0.75%
YTD
11.28%
6M
10.90%
1Y
34.48%
3Y*
23.64%
5Y*
14.30%
10Y*
11.56%

DFIV

1D
-2.74%
1M
-2.79%
YTD
8.43%
6M
8.10%
1Y
30.90%
3Y*
22.72%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVLU vs. DFIV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IVLU
iShares MSCI International Value Factor ETF		11.28%46.09%6.76%20.07%-5.73%-0.12%
DFIV
Dimensional International Value ETF		8.43%45.36%7.26%17.75%-3.70%0.50%

Correlation

The correlation between IVLU and DFIV is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.97

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2021

0.97

The correlation between IVLU and DFIV has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

IVLU vs. DFIV - Sectors Allocation Comparison

Sectors
IVLU
DFIV

Financial Services

26.5%
32.4%

Industrials

18.8%
9.8%

Technology

10.6%
3.2%

Healthcare

9.0%
4.9%

Consumer Cyclical

7.6%
10.0%

Basic Materials

7.4%
11.4%

Consumer Defensive

6.0%
4.9%

Energy

5.5%
15.3%

Communication Services

3.7%
4.3%

Utilities

3.6%
2.2%

Real Estate

1.4%
1.7%

Financial Services

IVLU
26.5%
DFIV
32.4%

Industrials

IVLU
18.8%
DFIV
9.8%

Technology

IVLU
10.6%
DFIV
3.2%

Healthcare

IVLU
9.0%
DFIV
4.9%

Consumer Cyclical

IVLU
7.6%
DFIV
10.0%

Basic Materials

IVLU
7.4%
DFIV
11.4%

Consumer Defensive

IVLU
6.0%
DFIV
4.9%

Energy

IVLU
5.5%
DFIV
15.3%

Communication Services

IVLU
3.7%
DFIV
4.3%

Utilities

IVLU
3.6%
DFIV
2.2%

Real Estate

IVLU
1.4%
DFIV
1.7%

Compare stocks, funds, or ETFs

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

iShares MSCI International Value Factor ETF

Dimensional International Value ETF

Often compared with IVLU:
IVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. DISVIVLU vs. IEFAIVLU vs. SFNNXIVLU vs. INTF
Often compared with DFIV:
DFIV vs. FNDFDFIV vs. AVIVDFIV vs. VYMIDFIV vs. DFVIXDFIV vs. IWVL.LDFIV vs. AVDEDFIV vs. AVDVX

Return for Risk

IVLU vs. DFIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVLU
IVLU Risk / Return Rank: 6868
Overall Rank
IVLU Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7070
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7070
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6262
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6565
Martin Ratio Rank
DFIV
DFIV Risk / Return Rank: 6868
Overall Rank
DFIV Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
DFIV Sortino Ratio Rank: 6767
Sortino Ratio Rank
DFIV Omega Ratio Rank: 6868
Omega Ratio Rank
DFIV Calmar Ratio Rank: 6767
Calmar Ratio Rank
DFIV Martin Ratio Rank: 6969
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.

IVLU vs. DFIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) and Dimensional International Value ETF (DFIV). 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.

IVLUDFIVDifference
Sharpe ratioReturn per unit of total volatility
2.21
2.17

+0.05

Sortino ratioReturn per unit of downside risk
3.03
2.95

+0.08

Omega ratioGain probability vs. loss probability

1.40

1.39

+0.01

Calmar ratioReturn relative to maximum drawdown

2.96

3.21

-0.25

Martin ratioReturn relative to average drawdown

11.24

12.28

-1.03

IVLU vs. DFIV - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.21, which is comparable to the DFIV Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of IVLU and DFIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

IVLU vs. DFIV - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than DFIV's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for IVLU and DFIV.

Loading charts...

Drawdown Indicators

IVLUDFIVDifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-25.42%

-16.43%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

-9.66%

-2.03%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

-14.72%

-0.76%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

—

—

Current Drawdown

Current decline from peak

-2.23%

-3.78%

+1.55%

Average Drawdown

Average peak-to-trough decline

-8.56%

-4.45%

-4.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.08%

2.52%

+0.56%

Volatility

IVLU vs. DFIV - Volatility Comparison

iShares MSCI International Value Factor ETF (IVLU) has a higher volatility of 5.27% compared to Dimensional International Value ETF (DFIV) at 4.96%. This indicates that IVLU's price experiences larger fluctuations and is considered to be riskier than DFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IVLUDFIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.27%

4.96%

+0.31%

Volatility (6M)

Calculated over the trailing 6-month period

12.94%

11.79%

+1.15%

Volatility (1Y)

Calculated over the trailing 1-year period

15.65%

14.32%

+1.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.54%

16.67%

-0.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.44%

16.67%

+0.77%

IVLU vs. DFIV - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than DFIV's 0.27% expense ratio.

Dividends

IVLU vs. DFIV - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.38%, more than DFIV's 2.63% yield.

PositionTTM20252024202320222021202020192018201720162015
DFIV
Dimensional International Value ETF		2.63%2.92%3.88%3.93%3.84%2.30%0.00%0.00%0.00%0.00%0.00%0.00%
IVLU
iShares MSCI International Value Factor ETF		3.38%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 0.97, IVLU and DFIV 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.

IVLU has higher volatility (5.27%) compared to DFIV (4.96%). In terms of maximum drawdown, IVLU dropped -41.85% vs DFIV's -25.42%.

On 3-year performance, IVLU leads with 23.64% vs 22.72% for DFIV. On fees, DFIV is cheaper at 0.27% per year. On volatility, DFIV has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IVLU has performed better with a 23.64% return vs 22.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DFIV is cheaper with a 0.27% expense ratio, compared with 0.30% for IVLU.

IVLU has the higher dividend yield at 3.38%, compared with 2.63% for DFIV.

They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.30% for IVLU and 0.27% for DFIV.

IVLU currently has the higher Sharpe Ratio (2.21 vs 2.17), 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

Find the right allocation for IVLU and DFIV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer