IVSS vs. IMCB
IVSS (Applied Finance IVS US SMID ETF) and IMCB (iShares Morningstar Mid-Cap ETF) are both Mid Cap Blend Equities funds. IVSS is actively managed, while IMCB is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. IVSS charges 0.59%/yr vs 0.04%/yr for IMCB.
Performance
IVSS vs. IMCB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IVSS having a 15.51% return and IMCB slightly higher at 15.58%.
IVSS
- 1D
- 0.04%
- 1M
- 4.21%
- YTD
- 15.51%
- 6M
- 13.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMCB
- 1D
- -0.52%
- 1M
- 3.49%
- YTD
- 15.58%
- 6M
- 14.26%
- 1Y
- 23.55%
- 3Y*
- 17.69%
- 5Y*
- 8.92%
- 10Y*
- 11.71%
IVSS vs. IMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVSS Applied Finance IVS US SMID ETF | 15.51% | 0.05% |
IMCB iShares Morningstar Mid-Cap ETF | 15.58% | -0.10% |
Correlation
The correlation between IVSS and IMCB is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.83 |
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Return for Risk
IVSS vs. IMCB — Risk / Return Rank
IVSS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IMCB
IVSS vs. IMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS US SMID ETF (IVSS) and iShares Morningstar Mid-Cap ETF (IMCB). 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.
| IVSS | IMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.94 | — |
| Martin ratioReturn relative to average drawdown | — | 11.50 | — |
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Drawdowns
IVSS vs. IMCB - Drawdown Comparison
The maximum IVSS drawdown since its inception was -8.31%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for IVSS and IMCB.
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Drawdown Indicators
| IVSS | IMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -58.80% | +50.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.99% | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.84% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -7.72% | +6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.05% | — |
Volatility
IVSS vs. IMCB - Volatility Comparison
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Volatility by Period
| IVSS | IMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 13.31% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 17.64% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 19.66% | -4.53% |
IVSS vs. IMCB - Expense Ratio Comparison
IVSS has a 0.59% expense ratio, which is higher than IMCB's 0.04% expense ratio.
Dividends
IVSS vs. IMCB - Dividend Comparison
IVSS's dividend yield for the trailing twelve months is around 0.06%, less than IMCB's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.24% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
IVSS Applied Finance IVS US SMID ETF | 0.06% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVSS and IMCB have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMCB is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMCB is cheaper with a 0.04% expense ratio, compared with 0.59% for IVSS.
IMCB has the higher dividend yield at 1.24%, compared with 0.06% for IVSS.
They also come from different issuers: Applied Finance and iShares. Their fees differ too: 0.59% for IVSS and 0.04% for IMCB.
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