IVSS vs. IVSI

Last updated Jun 3, 2026

IVSS (Applied Finance IVS US SMID ETF) and IVSI (Applied Finance IVS International Large ETF) are both exchange-traded funds - IVSS is a Mid Cap Blend Equities fund actively managed by Applied Finance, while IVSI is a Foreign Large Cap Equities fund actively managed by Applied Finance. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. IVSS charges 0.59%/yr vs 0.65%/yr for IVSI.

Performance

IVSS vs. IVSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance IVS US SMID ETF (IVSS) and Applied Finance IVS International Large ETF (IVSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVSS achieves a 12.86% return, which is significantly higher than IVSI's 10.20% return.

IVSS

• 1D: 0.11%
• 1M: 1.57%
• YTD: 12.86%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVSI

• 1D: 0.30%
• 1M: 2.96%
• YTD: 10.20%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVSS vs. IVSI - Yearly Performance Comparison

	2026 (YTD)	2025
IVSS Applied Finance IVS US SMID ETF	12.86%	-2.84%
IVSI Applied Finance IVS International Large ETF	10.20%	0.53%

Correlation

The correlation between IVSS and IVSI is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.62

Return for Risk

IVSS vs. IVSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS US SMID ETF (IVSS) and Applied Finance IVS International Large ETF (IVSI). 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.

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

Sharpe Ratios by Period

	IVSS	IVSI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	1.39	+0.48

Drawdowns

IVSS vs. IVSI - Drawdown Comparison

The maximum IVSS drawdown since its inception was -8.31%, smaller than the maximum IVSI drawdown of -11.73%. Use the drawdown chart below to compare losses from any high point for IVSS and IVSI.

Drawdown Indicators

	IVSS	IVSI	Difference
Max Drawdown Largest peak-to-trough decline	-8.31%	-11.73%	+3.42%
Current Drawdown Current decline from peak	0.00%	-0.71%	+0.71%
Average Drawdown Average peak-to-trough decline	-1.85%	-2.61%	+0.76%

Volatility

Volatility by Period

	IVSS	IVSI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	17.81%	-2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	17.81%	-2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	17.81%	-2.63%

IVSS vs. IVSI - Expense Ratio Comparison

IVSS has a 0.59% expense ratio, which is lower than IVSI's 0.65% expense ratio.

Dividends

IVSS vs. IVSI - Dividend Comparison

IVSS's dividend yield for the trailing twelve months is around 0.07%, more than IVSI's 0.04% yield.

Position	TTM	2025
IVSI Applied Finance IVS International Large ETF	0.04%	0.04%
IVSS Applied Finance IVS US SMID ETF	0.07%	0.07%

Frequently Asked Questions

Can I hold both IVSS and IVSI in my portfolio?

IVSS and IVSI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVSS or IVSI?

On fees, IVSS is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVSS or IVSI?

IVSS is cheaper with a 0.59% expense ratio, compared with 0.65% for IVSI.

Which ETF pays a higher dividend yield, IVSS or IVSI?

IVSS has the higher dividend yield at 0.07%, compared with 0.04% for IVSI.

What is the main difference between IVSS and IVSI?

IVSS is categorized as Mid Cap Blend Equities, while IVSI is Foreign Large Cap Equities. Their fees differ too: 0.59% for IVSS and 0.65% for IVSI.