IVLU vs. DISV

Last updated Jun 4, 2026

IVLU (iShares MSCI Intl Value Factor ETF) and DISV (Dimensional International Small Cap Value ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value, while DISV is a Foreign Small & Mid Cap Equities fund actively managed by Dimensional. IVLU is passively managed, while DISV is actively managed. Over the past 3 years, IVLU returned 24.56%/yr vs 24.35%/yr for DISV. Their correlation of 0.92 suggests significant overlap in exposure. IVLU charges 0.30%/yr vs 0.42%/yr for DISV.

Performance

IVLU vs. DISV - Performance Comparison

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

Returns By Period

In the year-to-date period, IVLU achieves a 12.64% return, which is significantly higher than DISV's 10.83% 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%

DISV

• 1D: -1.06%
• 1M: 3.34%
• YTD: 10.83%
• 6M: 15.28%
• 1Y: 34.34%
• 3Y*: 24.35%
• 5Y*: —
• 10Y*: —

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

IVLU vs. DISV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IVLU iShares MSCI Intl Value Factor ETF	12.64%	46.09%	6.76%	20.07%	-6.08%
DISV Dimensional International Small Cap Value ETF	10.83%	47.42%	5.87%	19.52%	-9.72%

Correlation

The correlation between IVLU and DISV is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Mar 25, 2022	0.92

The correlation between IVLU and DISV has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

IVLU vs. DISV - Sectors Allocation Comparison

Sectors	IVLU	DISV
Financial Services	25.3%	18.6%
Industrials	17.2%	18.1%
Technology	11.3%	4.1%
Healthcare	9.7%	3.0%
Basic Materials	7.5%	18.3%
Consumer Cyclical	7.4%	15.3%
Consumer Defensive	6.3%	4.3%
Energy	5.1%	9.2%
Communication Services	4.0%	3.4%
Utilities	3.3%	2.6%
Real Estate	1.5%	3.2%

Return for Risk

IVLU vs. DISV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVLU

IVLU Risk / Return Rank: 66
IVLU Sharpe Ratio Rank: 70
IVLU Sortino Ratio Rank: 69
IVLU Omega Ratio Rank: 69
IVLU Calmar Ratio Rank: 60
IVLU Martin Ratio Rank: 63

DISV

DISV Risk / Return Rank: 65
DISV Sharpe Ratio Rank: 72
DISV Sortino Ratio Rank: 71
DISV Omega Ratio Rank: 69
DISV Calmar Ratio Rank: 54
DISV Martin Ratio Rank: 58

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. DISV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Value Factor ETF (IVLU) and Dimensional International Small Cap Value ETF (DISV). 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	DISV	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.39	-0.04
Sortino ratio: Return per unit of downside risk	3.22	3.28	-0.06
Omega ratio: Gain probability vs. loss probability	1.42	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.04	2.72	+0.32
Martin ratio: Return relative to average drawdown	11.57	10.27	+1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVLU vs. DISV - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.36, which is comparable to the DISV Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of IVLU and DISV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IVLU	DISV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	2.39	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.93	-0.45

Drawdowns

IVLU vs. DISV - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than DISV's maximum drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for IVLU and DISV.

Drawdown Indicators

	IVLU	DISV	Difference
Max Drawdown Largest peak-to-trough decline	-41.85%	-26.77%	-15.08%
Max Drawdown (1Y) Largest decline over 1 year	-11.69%	-12.69%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	-15.48%	-14.15%	-1.33%
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	-0.81%	-2.48%	+1.67%
Average Drawdown Average peak-to-trough decline	-8.59%	-4.90%	-3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.35%	-0.29%

Volatility

IVLU vs. DISV - Volatility Comparison

iShares MSCI Intl Value Factor ETF (IVLU) has a higher volatility of 4.63% compared to Dimensional International Small Cap Value ETF (DISV) at 4.16%. This indicates that IVLU's price experiences larger fluctuations and is considered to be riskier than DISV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVLU	DISV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	4.16%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	11.69%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	15.09%	14.45%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.48%	17.36%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.66%	17.36%	+0.30%

IVLU vs. DISV - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is lower than DISV's 0.42% expense ratio.

Dividends

IVLU vs. DISV - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.29%, more than DISV's 2.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DISV Dimensional International Small Cap Value ETF	2.39%	2.69%	2.77%	2.73%	1.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both IVLU and DISV in my portfolio?

IVLU and DISV have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVLU or DISV?

IVLU has higher volatility (4.63%) compared to DISV (4.16%). In terms of maximum drawdown, IVLU dropped -41.85% vs DISV's -26.77%.

Which ETF is better, IVLU or DISV?

On 3-year performance, IVLU leads with 24.56% vs 24.35% for DISV. On fees, IVLU is cheaper at 0.30% per year. On volatility, DISV has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVLU or DISV?

Over the 3-year period, IVLU has performed better with a 24.56% return vs 24.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVLU or DISV?

IVLU is cheaper with a 0.30% expense ratio, compared with 0.42% for DISV.

Which ETF pays a higher dividend yield, IVLU or DISV?

IVLU has the higher dividend yield at 3.29%, compared with 2.39% for DISV.

What is the main difference between IVLU and DISV?

IVLU is categorized as Foreign Large Cap Equities, while DISV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.30% for IVLU and 0.42% for DISV.

Which has better risk-adjusted returns?

DISV currently has the higher Sharpe Ratio (2.39 vs 2.36), 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.