LSVD vs. ILCV

Last updated Jun 24, 2026

LSVD (LSV Disciplined Value ETF) and ILCV (iShares Morningstar Value ETF) are both Large Cap Value Equities funds. LSVD is actively managed, while ILCV is passively managed. Over the past year, LSVD returned 37.36% vs 25.66% for ILCV. Their correlation of 0.85 suggests significant overlap in exposure. LSVD charges 0.40%/yr vs 0.04%/yr for ILCV.

Performance

LSVD vs. ILCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LSV Disciplined Value ETF (LSVD) 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, LSVD achieves a 14.66% return, which is significantly higher than ILCV's 7.60% return.

LSVD

• 1D: -0.92%
• 1M: -0.36%
• YTD: 14.66%
• 6M: 13.72%
• 1Y: 37.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ILCV

• 1D: -0.07%
• 1M: -0.39%
• YTD: 7.60%
• 6M: 6.97%
• 1Y: 25.66%
• 3Y*: 18.15%
• 5Y*: 11.80%
• 10Y*: 11.80%

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

LSVD vs. ILCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LSVD LSV Disciplined Value ETF	14.66%	22.29%	-2.62%
ILCV iShares Morningstar Value ETF	7.60%	18.79%	-1.98%

Correlation

The correlation between LSVD and ILCV is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.85

The correlation between LSVD and ILCV has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

LSVD vs. ILCV - Sectors Allocation Comparison

Sectors	LSVD	ILCV
Technology	38.9%	24.7%
Communication Services	14.3%	7.9%
Consumer Cyclical	11.6%	9.6%
Financial Services	11.5%	16.5%
Healthcare	11.2%	11.4%
Industrials	4.4%	8.6%
Consumer Defensive	2.8%	7.5%
Energy	1.7%	6.0%
Basic Materials	1.5%	2.4%
Real Estate	1.2%	2.1%
Utilities	0.8%	3.5%

Return for Risk

LSVD vs. ILCV — Risk / Return Rank

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

LSVD

LSVD Risk / Return Rank: 90
LSVD Sharpe Ratio Rank: 91
LSVD Sortino Ratio Rank: 90
LSVD Omega Ratio Rank: 88
LSVD Calmar Ratio Rank: 88
LSVD Martin Ratio Rank: 91

ILCV

ILCV Risk / Return Rank: 83
ILCV Sharpe Ratio Rank: 85
ILCV Sortino Ratio Rank: 86
ILCV Omega Ratio Rank: 83
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.

LSVD vs. ILCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LSV Disciplined Value ETF (LSVD) 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.

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.

	LSVD	ILCV	Difference
Sharpe ratio: Return per unit of total volatility	2.84	2.58	+0.26
Sortino ratio: Return per unit of downside risk	3.83	3.63	+0.21
Omega ratio: Gain probability vs. loss probability	1.50	1.47	+0.03
Calmar ratio: Return relative to maximum drawdown	4.65	3.93	+0.71
Martin ratio: Return relative to average drawdown	20.34	16.12	+4.21

LSVD vs. ILCV - Sharpe Ratio Comparison

The current LSVD Sharpe Ratio is 2.84, which is comparable to the ILCV Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of LSVD 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.

Drawdowns

LSVD vs. ILCV - Drawdown Comparison

The maximum LSVD drawdown since its inception was -19.30%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for LSVD and ILCV.

Drawdown Indicators

	LSVD	ILCV	Difference
Max Drawdown Largest peak-to-trough decline	-19.30%	-58.63%	+39.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-6.55%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.95%	—
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	-3.22%	-1.39%	-1.83%
Average Drawdown Average peak-to-trough decline	-2.49%	-9.30%	+6.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.60%	+0.24%

Volatility

LSVD vs. ILCV - Volatility Comparison

LSV Disciplined Value ETF (LSVD) has a higher volatility of 4.77% compared to iShares Morningstar Value ETF (ILCV) at 2.97%. This indicates that LSVD'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

	LSVD	ILCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	2.97%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	7.21%	+3.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.23%	10.01%	+3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	14.21%	+3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	16.66%	+0.98%

LSVD vs. ILCV - Expense Ratio Comparison

LSVD has a 0.40% expense ratio, which is higher than ILCV's 0.04% expense ratio.

Dividends

LSVD vs. ILCV - Dividend Comparison

LSVD's dividend yield for the trailing twelve months is around 0.28%, less than ILCV's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCV iShares Morningstar Value ETF	1.62%	1.77%	1.99%	2.27%	2.32%	2.01%	2.96%	2.70%	2.93%	2.32%	2.76%	3.01%
LSVD LSV Disciplined Value ETF	0.28%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LSVD and ILCV in my portfolio?

LSVD and ILCV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSVD or ILCV?

LSVD has higher volatility (4.77%) compared to ILCV (2.97%). In terms of maximum drawdown, LSVD dropped -19.30% vs ILCV's -58.63%.

Which ETF is better, LSVD or ILCV?

On 1-year performance, LSVD leads with 37.36% vs 25.66% for ILCV. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LSVD or ILCV?

Over the 1-year period, LSVD has performed better with a 37.36% return vs 25.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LSVD or ILCV?

ILCV is cheaper with a 0.04% expense ratio, compared with 0.40% for LSVD.

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

ILCV has the higher dividend yield at 1.62%, compared with 0.28% for LSVD.

What is the main difference between LSVD and ILCV?

They also come from different issuers: LSV and iShares. Their fees differ too: 0.40% for LSVD and 0.04% for ILCV.

Which has better risk-adjusted returns?

LSVD currently has the higher Sharpe Ratio (2.84 vs 2.58), 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.