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IVLU vs. FIVA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVLU vs. FIVA

Last updated Aug 2, 2026
Documentation

IVLU (iShares MSCI International Value Factor ETF) and FIVA (Fidelity International Value Factor ETF) are both Foreign Large Cap Equities funds - IVLU tracks the MSCI World ex USA Enhanced Value Index while FIVA tracks the Fidelity International Value Factor Index. Both are passively managed. Over the past 5 years, IVLU returned 15.79%/yr vs 13.93%/yr for FIVA. Their correlation of 0.92 means they have usually moved in the same direction. IVLU charges 0.30%/yr vs 0.18%/yr for FIVA.

Performance

IVLU vs. FIVA - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with IVLU having a 16.33% return and FIVA slightly higher at 16.41%.

IVLU

1D
-0.55%
1M
2.86%
6M
9.29%
YTD
16.33%
1Y
37.00%
3Y*
23.41%
5Y*
15.79%
10Y*
11.54%
ALL TIME*
8.77%

FIVA

1D
-0.46%
1M
1.61%
6M
9.20%
YTD
16.41%
1Y
38.62%
3Y*
21.87%
5Y*
13.93%
10Y*
—
ALL TIME*
8.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FIVA

Fidelity International Value Factor ETF
$2.76M$2.92M$3.12M

IVLU

iShares MSCI International Value Factor ETF
$37.29M$34.10M$39.51M

IVLU vs. FIVA - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IVLU
iShares MSCI International Value Factor ETF		16.33%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-19.89%
FIVA
Fidelity International Value Factor ETF		16.41%45.83%2.53%20.38%-10.37%15.90%-1.78%19.78%-18.62%

Correlation

The correlation between IVLU and FIVA is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.95

Correlation (3Y)
Balances recent behavior with more history.

0.96

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.96

Correlation (All Time)
Calculated using the full available price history since Jan 18, 2018

0.92

The correlation between IVLU and FIVA has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

IVLU vs. FIVA - Sectors Allocation Comparison

Sectors
IVLU
FIVA

Financial Services

29.4%
26.1%

Industrials

17.2%
17.9%

Healthcare

9.8%
8.3%

Technology

8.8%
15.8%

Basic Materials

7.2%
7.1%

Consumer Cyclical

7.1%
6.9%

Consumer Defensive

6.0%
5.4%

Energy

5.6%
4.8%

Utilities

3.6%
3.4%

Communication Services

3.4%
2.8%

Real Estate

1.4%
1.6%

Financial Services

IVLU
29.4%
FIVA
26.1%

Industrials

IVLU
17.2%
FIVA
17.9%

Healthcare

IVLU
9.8%
FIVA
8.3%

Technology

IVLU
8.8%
FIVA
15.8%

Basic Materials

IVLU
7.2%
FIVA
7.1%

Consumer Cyclical

IVLU
7.1%
FIVA
6.9%

Consumer Defensive

IVLU
6.0%
FIVA
5.4%

Energy

IVLU
5.6%
FIVA
4.8%

Utilities

IVLU
3.6%
FIVA
3.4%

Communication Services

IVLU
3.4%
FIVA
2.8%

Real Estate

IVLU
1.4%
FIVA
1.6%

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

Fidelity International Value Factor ETF

Often compared with IVLU:
IVLU vs. DFIVIVLU vs. VXUSIVLU vs. IDMOIVLU vs. DISVIVLU vs. IEFAIVLU vs. SFNNXIVLU vs. INTF
Often compared with FIVA:
FIVA vs. FNDFFIVA vs. EFVFIVA vs. SCHFFIVA vs. VEAFIVA vs. SCHYFIVA vs. RWXFIVA vs. VXUS

Return for Risk

IVLU vs. FIVA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IVLU
IVLU Risk / Return Rank: 8989
Overall Rank
IVLU Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 9191
Sortino Ratio Rank
IVLU Omega Ratio Rank: 9090
Omega Ratio Rank
IVLU Calmar Ratio Rank: 8484
Calmar Ratio Rank
IVLU Martin Ratio Rank: 8686
Martin Ratio Rank
FIVA
FIVA Risk / Return Rank: 8989
Overall Rank
FIVA Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FIVA Sortino Ratio Rank: 9292
Sortino Ratio Rank
FIVA Omega Ratio Rank: 9090
Omega Ratio Rank
FIVA Calmar Ratio Rank: 8585
Calmar Ratio Rank
FIVA Martin Ratio Rank: 8888
Martin Ratio Rank
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.

IVLU vs. FIVA - Risk-Adjusted Trends Comparison

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

IVLUFIVADifference
Sharpe ratioReturn per unit of total volatility
2.37
2.40

-0.02

Sortino ratioReturn per unit of downside risk
3.23
3.30

-0.07

Omega ratioGain probability vs. loss probability

1.42

1.42

0.00

Calmar ratioReturn relative to maximum drawdown

3.16

3.27

-0.10

Martin ratioReturn relative to average drawdown

12.11

12.95

-0.84

IVLU vs. FIVA - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.37, which is comparable to the FIVA Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of IVLU and FIVA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IVLU vs. FIVA - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than FIVA's maximum drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for IVLU and FIVA.

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Drawdown Indicators

IVLUFIVADifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-39.76%

-2.09%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

-11.71%

+0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

-14.77%

-0.71%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

-28.70%

+2.66%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

—

—

Current Drawdown

Current decline from peak

-0.55%

-0.46%

-0.09%

Average Drawdown

Average peak-to-trough decline

-8.49%

-7.65%

-0.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

2.95%

+0.10%

Volatility

IVLU vs. FIVA - Volatility Comparison

iShares MSCI International Value Factor ETF (IVLU) has a higher volatility of 4.95% compared to Fidelity International Value Factor ETF (FIVA) at 4.35%. This indicates that IVLU's price experiences larger fluctuations and is considered to be riskier than FIVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVLUFIVADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.95%

4.35%

+0.60%

Volatility (6M)

Calculated over the trailing 6-month period

13.38%

13.81%

-0.43%

Volatility (1Y)

Calculated over the trailing 1-year period

15.63%

16.00%

-0.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.53%

16.45%

+0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.40%

17.91%

-0.51%

IVLU vs. FIVA - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than FIVA's 0.18% expense ratio.

Dividends

IVLU vs. FIVA - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.23%, more than FIVA's 2.59% yield.

PositionTTM20252024202320222021202020192018201720162015
FIVA
Fidelity International Value Factor ETF		2.59%2.68%3.52%3.63%3.62%3.76%2.46%3.61%3.28%0.00%0.00%0.00%
IVLU
iShares MSCI International Value Factor ETF		3.23%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 0.95, IVLU and FIVA 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 (4.95%) compared to FIVA (4.35%). In terms of maximum drawdown, IVLU dropped -41.85% vs FIVA's -39.76%.

On 5-year performance, IVLU leads with 15.79% vs 13.93% for FIVA. On fees, FIVA is cheaper at 0.18% per year. On volatility, FIVA has been the lower-risk option at 4.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IVLU has performed better with a 15.79% return vs 13.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FIVA is cheaper with a 0.18% expense ratio, compared with 0.30% for IVLU.

IVLU has the higher dividend yield at 3.23%, compared with 2.59% for FIVA.

IVLU tracks MSCI World ex USA Enhanced Value Index, while FIVA tracks Fidelity International Value Factor Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.30% for IVLU and 0.18% for FIVA.

FIVA currently has the higher Sharpe Ratio (2.40 vs 2.37), 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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