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IVLU vs. VIU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVLU vs. VIU.TO

Last updated Jun 13, 2026

IVLU (iShares MSCI International Value Factor ETF) and VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index, while VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index. Both are passively managed. Over the past 10 years, IVLU returned 11.63%/yr vs 10.26%/yr for VIU.TO. A 0.68 correlation means they provide meaningful diversification when combined. IVLU charges 0.30%/yr vs 0.23%/yr for VIU.TO.

Performance

IVLU vs. VIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI International Value Factor ETF (IVLU) and Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IVLU is traded in USD, while VIU.TO is traded in CAD. To make them comparable, the VIU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IVLU achieves a 12.96% return, which is significantly lower than VIU.TO's 15.00% return. Over the past 10 years, IVLU has outperformed VIU.TO with an annualized return of 11.63%, while VIU.TO has yielded a comparatively lower 10.26% annualized return.

IVLU

1D
0.56%
1M
0.70%
YTD
12.96%
6M
14.33%
1Y
33.78%
3Y*
23.53%
5Y*
14.06%
10Y*
11.63%

VIU.TO

1D
0.35%
1M
1.31%
YTD
15.00%
6M
17.45%
1Y
29.95%
3Y*
18.62%
5Y*
8.83%
10Y*
10.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVLU vs. VIU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVLU
iShares MSCI International Value Factor ETF		12.96%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-15.10%23.10%
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		14.93%34.50%2.09%18.49%-15.95%9.81%10.18%20.27%-14.56%27.89%

Correlation

The correlation between IVLU and VIU.TO is 0.82, 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

0.82

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

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Dec 8, 2015

0.68

The correlation between IVLU and VIU.TO shifts across timeframes, from 0.68 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.

IVLU vs. VIU.TO - Sectors Allocation Comparison

Sectors
IVLU
VIU.TO

Financial Services

25.3%
22.7%

Industrials

17.2%
19.0%

Technology

11.3%
15.0%

Healthcare

9.7%
9.2%

Basic Materials

7.5%
6.2%

Consumer Cyclical

7.4%
7.6%

Consumer Defensive

6.3%
6.3%

Energy

5.1%
3.8%

Communication Services

4.0%
3.5%

Utilities

3.3%
3.5%

Real Estate

1.5%
2.4%

Financial Services

IVLU
25.3%
VIU.TO
22.7%

Industrials

IVLU
17.2%
VIU.TO
19.0%

Technology

IVLU
11.3%
VIU.TO
15.0%

Healthcare

IVLU
9.7%
VIU.TO
9.2%

Basic Materials

IVLU
7.5%
VIU.TO
6.2%

Consumer Cyclical

IVLU
7.4%
VIU.TO
7.6%

Consumer Defensive

IVLU
6.3%
VIU.TO
6.3%

Energy

IVLU
5.1%
VIU.TO
3.8%

Communication Services

IVLU
4.0%
VIU.TO
3.5%

Utilities

IVLU
3.3%
VIU.TO
3.5%

Real Estate

IVLU
1.5%
VIU.TO
2.4%

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

Vanguard FTSE Developed All Cap ex North America Index ETF

Often compared with IVLU:
IVLU vs. DFIVIVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX
Often compared with VIU.TO:
VIU.TO vs. XEF.TOVIU.TO vs. VIDY.TOVIU.TO vs. VCN.TOVIU.TO vs. VFV.TOVIU.TO vs. VDU.TOVIU.TO vs. XEQT.TOVIU.TO vs. VEQT.TO

Return for Risk

IVLU vs. VIU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVLU
IVLU Risk / Return Rank: 7373
Overall Rank
IVLU Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7777
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7676
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6767
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6969
Martin Ratio Rank
VIU.TO
VIU.TO Risk / Return Rank: 7171
Overall Rank
VIU.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
VIU.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
VIU.TO Omega Ratio Rank: 7575
Omega Ratio Rank
VIU.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
VIU.TO Martin Ratio Rank: 7070
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. VIU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) and Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO). 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.

IVLUVIU.TODifference
Sharpe ratioReturn per unit of total volatility
2.17
1.78

+0.39

Sortino ratioReturn per unit of downside risk
2.98
2.50

+0.48

Omega ratioGain probability vs. loss probability

1.39

1.33

+0.06

Calmar ratioReturn relative to maximum drawdown

2.90

2.50

+0.40

Martin ratioReturn relative to average drawdown

11.01

9.71

+1.29

IVLU vs. VIU.TO - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.17, which is comparable to the VIU.TO Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of IVLU and VIU.TO, 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. VIU.TO - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than VIU.TO's maximum drawdown of -35.26%. Use the drawdown chart below to compare losses from any high point for IVLU and VIU.TO.

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Drawdown Indicators

IVLUVIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-35.26%

-6.59%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

-12.04%

+0.35%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

-13.88%

-1.60%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

-31.74%

+5.70%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

-35.26%

-6.59%

Current Drawdown

Current decline from peak

-0.53%

-0.88%

+0.35%

Average Drawdown

Average peak-to-trough decline

-8.57%

-7.25%

-1.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

3.09%

0.00%

Volatility

IVLU vs. VIU.TO - Volatility Comparison

The current volatility for iShares MSCI International Value Factor ETF (IVLU) is 5.44%, while Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) has a volatility of 6.92%. This indicates that IVLU experiences smaller price fluctuations and is considered to be less risky than VIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVLUVIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.44%

6.92%

-1.48%

Volatility (6M)

Calculated over the trailing 6-month period

12.85%

14.50%

-1.65%

Volatility (1Y)

Calculated over the trailing 1-year period

15.65%

16.94%

-1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.58%

15.43%

+1.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.66%

16.51%

+1.15%

IVLU vs. VIU.TO - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than VIU.TO's 0.23% expense ratio.

Dividends

IVLU vs. VIU.TO - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.28%, more than VIU.TO's 2.15% yield.

PositionTTM20252024202320222021202020192018201720162015
IVLU
iShares MSCI International Value Factor ETF		3.28%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		2.15%2.48%2.56%2.66%2.76%2.38%1.98%2.68%2.76%2.13%1.72%0.28%

Frequently Asked Questions

IVLU and VIU.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VIU.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VIU.TO is cheaper with a 0.23% expense ratio, compared with 0.30% for IVLU.

IVLU is categorized as Foreign Large Cap Equities, while VIU.TO is International Equity. IVLU tracks MSCI World ex USA Enhanced Value Index, while VIU.TO tracks FTSE Developed All Cap ex North America Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.30% for IVLU and 0.23% for VIU.TO.

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