JAVA vs. ILCV

Last updated Jun 4, 2026

JAVA (JPMorgan Active Value ETF) and ILCV (iShares Morningstar Value ETF) are both Large Cap Value Equities funds. JAVA is actively managed, while ILCV is passively managed. Over the past 3 years, JAVA returned 16.35%/yr vs 18.61%/yr for ILCV. With a 0.96 correlation, they move nearly in lockstep. JAVA charges 0.44%/yr vs 0.04%/yr for ILCV.

Performance

JAVA vs. ILCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Value ETF (JAVA) and iShares Morningstar Value ETF (ILCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAVA achieves a 8.50% return, which is significantly higher than ILCV's 7.75% return.

JAVA

• 1D: -0.21%
• 1M: 2.70%
• YTD: 8.50%
• 6M: 9.14%
• 1Y: 23.95%
• 3Y*: 16.35%
• 5Y*: —
• 10Y*: —

ILCV

• 1D: -0.44%
• 1M: 2.76%
• YTD: 7.75%
• 6M: 7.41%
• 1Y: 26.58%
• 3Y*: 18.61%
• 5Y*: 11.42%
• 10Y*: 11.68%

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

JAVA vs. ILCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JAVA JPMorgan Active Value ETF	8.50%	14.92%	15.52%	10.46%	-0.88%	5.23%
ILCV iShares Morningstar Value ETF	7.75%	18.79%	17.03%	14.43%	-7.02%	8.34%

Correlation

The correlation between JAVA and ILCV is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021	0.96

The correlation between JAVA and ILCV has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

JAVA vs. ILCV - Sectors Allocation Comparison

Sectors	JAVA	ILCV
Financial Services	20.1%	16.5%
Technology	15.3%	23.8%
Industrials	13.9%	8.8%
Healthcare	12.5%	11.5%
Consumer Cyclical	8.6%	9.5%
Communication Services	8.4%	8.0%
Energy	5.5%	6.0%
Consumer Defensive	5.0%	7.6%
Utilities	4.1%	3.5%
Basic Materials	3.6%	2.4%
Real Estate	2.9%	2.0%

Return for Risk

JAVA vs. ILCV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JAVA

JAVA Risk / Return Rank: 62
JAVA Sharpe Ratio Rank: 64
JAVA Sortino Ratio Rank: 66
JAVA Omega Ratio Rank: 62
JAVA Calmar Ratio Rank: 58
JAVA Martin Ratio Rank: 60

ILCV

ILCV Risk / Return Rank: 82
ILCV Sharpe Ratio Rank: 82
ILCV Sortino Ratio Rank: 84
ILCV Omega Ratio Rank: 81
ILCV Calmar Ratio Rank: 79
ILCV Martin Ratio Rank: 83

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.

JAVA vs. ILCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Value ETF (JAVA) and iShares Morningstar Value ETF (ILCV). 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.

	JAVA	ILCV	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.72	-0.57
Sortino ratio: Return per unit of downside risk	3.07	3.85	-0.78
Omega ratio: Gain probability vs. loss probability	1.38	1.50	-0.11
Calmar ratio: Return relative to maximum drawdown	2.90	4.08	-1.17
Martin ratio: Return relative to average drawdown	10.71	16.87	-6.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAVA vs. ILCV - Sharpe Ratio Comparison

The current JAVA Sharpe Ratio is 2.15, which is comparable to the ILCV Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of JAVA and ILCV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JAVA	ILCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.72	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.46	+0.32

Drawdowns

JAVA vs. ILCV - Drawdown Comparison

The maximum JAVA drawdown since its inception was -16.54%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for JAVA and ILCV.

Drawdown Indicators

	JAVA	ILCV	Difference
Max Drawdown Largest peak-to-trough decline	-16.54%	-58.63%	+42.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-6.55%	-1.74%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-14.95%	-1.59%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.53%	—
Current Drawdown Current decline from peak	-0.21%	-0.60%	+0.39%
Average Drawdown Average peak-to-trough decline	-3.63%	-9.32%	+5.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	1.58%	+0.66%

Volatility

JAVA vs. ILCV - Volatility Comparison

JPMorgan Active Value ETF (JAVA) has a higher volatility of 2.60% compared to iShares Morningstar Value ETF (ILCV) at 2.01%. This indicates that JAVA's price experiences larger fluctuations and is considered to be riskier than ILCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAVA	ILCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	2.01%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	6.97%	+1.43%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	9.82%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	14.21%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	16.66%	-1.86%

JAVA vs. ILCV - Expense Ratio Comparison

JAVA has a 0.44% expense ratio, which is higher than ILCV's 0.04% expense ratio.

Dividends

JAVA vs. ILCV - Dividend Comparison

JAVA's dividend yield for the trailing twelve months is around 1.25%, less than ILCV's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCV iShares Morningstar Value ETF	1.63%	1.77%	1.99%	2.27%	2.32%	2.01%	2.96%	2.70%	2.93%	2.32%	2.76%	3.01%
JAVA JPMorgan Active Value ETF	1.25%	1.34%	1.45%	1.65%	1.25%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JAVA and ILCV in my portfolio?

With a correlation of 0.91, JAVA and ILCV 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.

Which is riskier, JAVA or ILCV?

JAVA has higher volatility (2.60%) compared to ILCV (2.01%). In terms of maximum drawdown, JAVA dropped -16.54% vs ILCV's -58.63%.

Which ETF is better, JAVA or ILCV?

On 3-year performance, ILCV leads with 18.61% vs 16.35% for JAVA. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 2.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JAVA or ILCV?

Over the 3-year period, ILCV has performed better with a 18.61% return vs 16.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JAVA or ILCV?

ILCV is cheaper with a 0.04% expense ratio, compared with 0.44% for JAVA.

Which ETF pays a higher dividend yield, JAVA or ILCV?

ILCV has the higher dividend yield at 1.63%, compared with 1.25% for JAVA.

What is the main difference between JAVA and ILCV?

They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.44% for JAVA and 0.04% for ILCV.

Which has better risk-adjusted returns?

ILCV currently has the higher Sharpe Ratio (2.72 vs 2.15), 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.