IVSX vs. DISV
IVSX (Applied Finance IVS International SMID ETF) and DISV (Dimensional International Small Cap Value ETF) are both Foreign Small & Mid Cap Equities funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. IVSX charges 0.75%/yr vs 0.42%/yr for DISV.
Performance
IVSX vs. DISV - Performance Comparison
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Returns By Period
IVSX
- 1D
- 1.01%
- 1M
- 2.45%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DISV
- 1D
- 1.12%
- 1M
- 3.45%
- YTD
- 12.07%
- 6M
- 16.30%
- 1Y
- 35.13%
- 3Y*
- 25.07%
- 5Y*
- —
- 10Y*
- —
IVSX vs. DISV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IVSX Applied Finance IVS International SMID ETF | -1.66% |
DISV Dimensional International Small Cap Value ETF | -0.75% |
Correlation
The correlation between IVSX and DISV is 0.92, 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 Feb 23, 2026 | 0.92 |
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Return for Risk
IVSX vs. DISV — Risk / Return Rank
IVSX
DISV
IVSX vs. DISV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS International SMID ETF (IVSX) and Dimensional International Small Cap Value ETF (DISV). 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.
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Sharpe Ratios by Period
| IVSX | DISV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.95 | -1.23 |
Drawdowns
IVSX vs. DISV - Drawdown Comparison
The maximum IVSX drawdown since its inception was -11.96%, smaller than the maximum DISV drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for IVSX and DISV.
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Drawdown Indicators
| IVSX | DISV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.96% | -26.77% | +14.81% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.69% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.15% | — |
Current DrawdownCurrent decline from peak | -2.37% | -1.40% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -4.90% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.35% | — |
Volatility
IVSX vs. DISV - Volatility Comparison
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Volatility by Period
| IVSX | DISV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.57% | 14.45% | +6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 17.36% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.57% | 17.36% | +3.21% |
IVSX vs. DISV - Expense Ratio Comparison
IVSX has a 0.75% expense ratio, which is higher than DISV's 0.42% expense ratio.
Dividends
IVSX vs. DISV - Dividend Comparison
IVSX has not paid dividends to shareholders, while DISV's dividend yield for the trailing twelve months is around 2.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DISV Dimensional International Small Cap Value ETF | 2.36% | 2.69% | 2.77% | 2.73% | 1.23% |
IVSX Applied Finance IVS International SMID ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, IVSX and DISV 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.
On fees, DISV is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DISV is cheaper with a 0.42% expense ratio, compared with 0.75% for IVSX.
DISV has the higher dividend yield at 2.36%, compared with 0.00% for IVSX.
They also come from different issuers: Applied Finance and Dimensional. Their fees differ too: 0.75% for IVSX and 0.42% for DISV.
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