NISM vs. ISCF
NISM (NYLI International Small-Mid Cap Equity ETF) and ISCF (iShares MSCI Intl Small-Cap Multifactor ETF) are both Foreign Small & Mid Cap Equities funds. NISM is actively managed, while ISCF is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. NISM charges 0.70%/yr vs 0.40%/yr for ISCF.
Performance
NISM vs. ISCF - Performance Comparison
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Returns By Period
NISM
- 1D
- -0.57%
- 1M
- -1.23%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISCF
- 1D
- -0.61%
- 1M
- -0.63%
- 6M
- 3.65%
- YTD
- 7.72%
- 1Y
- 17.26%
- 3Y*
- 15.99%
- 5Y*
- 7.79%
- 10Y*
- 9.42%
NISM vs. ISCF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NISM NYLI International Small-Mid Cap Equity ETF | -1.88% |
ISCF iShares MSCI Intl Small-Cap Multifactor ETF | -0.59% |
Correlation
The correlation between NISM and ISCF is 0.85, 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 May 13, 2026 | 0.85 |
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Return for Risk
NISM vs. ISCF — Risk / Return Rank
NISM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ISCF
NISM vs. ISCF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI International Small-Mid Cap Equity ETF (NISM) and iShares MSCI Intl Small-Cap Multifactor ETF (ISCF). 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.
| NISM | ISCF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.53 | — |
| Martin ratioReturn relative to average drawdown | — | 5.43 | — |
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Drawdowns
NISM vs. ISCF - Drawdown Comparison
The maximum NISM drawdown since its inception was -4.35%, smaller than the maximum ISCF drawdown of -40.79%. Use the drawdown chart below to compare losses from any high point for NISM and ISCF.
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Drawdown Indicators
| NISM | ISCF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -40.79% | +36.44% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.34% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.79% | — |
Current DrawdownCurrent decline from peak | -1.96% | -2.24% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -8.09% | +6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.19% | — |
Volatility
NISM vs. ISCF - Volatility Comparison
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Volatility by Period
| NISM | ISCF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 14.97% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 16.74% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.09% | 17.15% | -3.06% |
NISM vs. ISCF - Expense Ratio Comparison
NISM has a 0.70% expense ratio, which is higher than ISCF's 0.40% expense ratio.
Dividends
NISM vs. ISCF - Dividend Comparison
NISM's dividend yield for the trailing twelve months is around 0.24%, less than ISCF's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCF iShares MSCI Intl Small-Cap Multifactor ETF | 3.68% | 3.76% | 4.29% | 3.94% | 2.73% | 3.93% | 2.30% | 2.87% | 2.14% | 1.97% | 2.89% | 1.46% |
NISM NYLI International Small-Mid Cap Equity ETF | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NISM and ISCF have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISCF is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISCF is cheaper with a 0.40% expense ratio, compared with 0.70% for NISM.
ISCF has the higher dividend yield at 3.68%, compared with 0.24% for NISM.
They also come from different issuers: New York Life Investment Management and iShares. Their fees differ too: 0.70% for NISM and 0.40% for ISCF.
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