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IVLU vs. VMFXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVLU vs. VMFXX

Last updated Jun 13, 2026

IVLU (iShares MSCI International Value Factor ETF) and VMFXX (Vanguard Federal Money Market Fund) are both funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index, while VMFXX is a Money Market fund managed by Vanguard. Over the past 5 years, IVLU returned 14.06%/yr vs 2.39%/yr for VMFXX. At a correlation of -0.03, they often move in opposite directions. IVLU charges 0.30%/yr vs 0.11%/yr for VMFXX.

Performance

IVLU vs. VMFXX - Performance Comparison

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

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Returns By Period

In the year-to-date period, IVLU achieves a 12.96% return, which is significantly higher than VMFXX's 1.50% 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%

VMFXX

1D
0.00%
1M
0.30%
YTD
1.50%
6M
1.82%
1Y
3.95%
3Y*
3.35%
5Y*
2.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVLU vs. VMFXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IVLU
iShares MSCI International Value Factor ETF		12.96%46.09%6.76%20.07%-5.73%-1.41%
VMFXX
Vanguard Federal Money Market Fund		1.50%4.24%1.64%4.64%0.00%0.00%

Correlation

The correlation between IVLU and VMFXX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.05

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

-0.04

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

-0.03

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

-0.03

IVLU vs. VMFXX - Sectors Allocation Comparison

Sectors
IVLU
VMFXX

Financial Services

25.3%
17.5%

Industrials

17.2%

-

Technology

11.3%

-

Healthcare

9.7%

-

Basic Materials

7.5%

-

Consumer Cyclical

7.4%

-

Consumer Defensive

6.3%

-

Energy

5.1%

-

Communication Services

4.0%

-

Utilities

3.3%

-

Real Estate

1.5%

-

Financial Services

IVLU
25.3%
VMFXX
17.5%

Industrials

IVLU
17.2%
VMFXX

-

Technology

IVLU
11.3%
VMFXX

-

Healthcare

IVLU
9.7%
VMFXX

-

Basic Materials

IVLU
7.5%
VMFXX

-

Consumer Cyclical

IVLU
7.4%
VMFXX

-

Consumer Defensive

IVLU
6.3%
VMFXX

-

Energy

IVLU
5.1%
VMFXX

-

Communication Services

IVLU
4.0%
VMFXX

-

Utilities

IVLU
3.3%
VMFXX

-

Real Estate

IVLU
1.5%
VMFXX

-

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 Federal Money Market Fund

Often compared with IVLU:
IVLU vs. DFIVIVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX
Often compared with VMFXX:
VMFXX vs. VUSXXVMFXX vs. SPAXXVMFXX vs. SWVXXVMFXX vs. SGOVVMFXX vs. VMRXXVMFXX vs. BNDVMFXX vs. SNSXX

Return for Risk

IVLU vs. VMFXX — 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
VMFXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. VMFXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) and Vanguard Federal Money Market Fund (VMFXX). 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.

IVLUVMFXXDifference
Sharpe ratioReturn per unit of total volatility
2.17
3.67

-1.50

Sortino ratioReturn per unit of downside risk
2.98

—

—

Omega ratioGain probability vs. loss probability

1.39

—

—

Calmar ratioReturn relative to maximum drawdown

2.90

—

—

Martin ratioReturn relative to average drawdown

11.01

—

—

IVLU vs. VMFXX - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.17, which is lower than the VMFXX Sharpe Ratio of 3.67. The chart below compares the historical Sharpe Ratios of IVLU and VMFXX, 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. VMFXX - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IVLU and VMFXX.

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Drawdown Indicators

IVLUVMFXXDifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

0.00%

-41.85%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

0.00%

-11.69%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

0.00%

-15.48%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

0.00%

-26.04%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

—

—

Current Drawdown

Current decline from peak

-0.53%

0.00%

-0.53%

Average Drawdown

Average peak-to-trough decline

-8.57%

0.00%

-8.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

0.00%

+3.09%

Volatility

IVLU vs. VMFXX - Volatility Comparison

iShares MSCI International Value Factor ETF (IVLU) has a higher volatility of 5.44% compared to Vanguard Federal Money Market Fund (VMFXX) at 0.30%. This indicates that IVLU's price experiences larger fluctuations and is considered to be riskier than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVLUVMFXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.44%

0.30%

+5.14%

Volatility (6M)

Calculated over the trailing 6-month period

12.85%

0.79%

+12.06%

Volatility (1Y)

Calculated over the trailing 1-year period

15.65%

1.12%

+14.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.58%

0.94%

+15.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.66%

0.94%

+16.72%

IVLU vs. VMFXX - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than VMFXX's 0.11% expense ratio.

Dividends

IVLU vs. VMFXX - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.28%, less than VMFXX's 3.87% 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%
VMFXX
Vanguard Federal Money Market Fund		3.87%4.14%1.63%4.53%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IVLU and VMFXX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVLU has higher volatility (5.44%) compared to VMFXX (0.30%). In terms of maximum drawdown, IVLU dropped -41.85% vs VMFXX's 0.00%.

VMFXX currently has the higher Sharpe Ratio (3.67 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

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