PZLV vs. IUSV

Last updated Jun 5, 2026

PZLV (Pzena U.S. Large Cap Value ETF) and IUSV (iShares Core S&P U.S. Value ETF) are both Large Cap Value Equities funds. PZLV is actively managed, while IUSV is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. PZLV charges 0.60%/yr vs 0.04%/yr for IUSV.

Performance

PZLV vs. IUSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pzena U.S. Large Cap Value ETF (PZLV) and iShares Core S&P U.S. Value ETF (IUSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PZLV

• 1D: 1.34%
• 1M: 5.28%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IUSV

• 1D: 0.91%
• 1M: 2.22%
• YTD: 8.61%
• 6M: 9.11%
• 1Y: 22.73%
• 3Y*: 16.12%
• 5Y*: 10.67%
• 10Y*: 12.06%

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

PZLV vs. IUSV - Yearly Performance Comparison

	2026 (YTD)
PZLV Pzena U.S. Large Cap Value ETF	12.17%
IUSV iShares Core S&P U.S. Value ETF	8.35%

Correlation

The correlation between PZLV and IUSV is 0.74, 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 Apr 2, 2026	0.74

Return for Risk

PZLV vs. IUSV — Risk / Return Rank

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

IUSV

IUSV Risk / Return Rank: 72
IUSV Sharpe Ratio Rank: 71
IUSV Sortino Ratio Rank: 72
IUSV Omega Ratio Rank: 70
IUSV Calmar Ratio Rank: 73
IUSV Martin Ratio Rank: 74

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.

PZLV vs. IUSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pzena U.S. Large Cap Value ETF (PZLV) and iShares Core S&P U.S. Value ETF (IUSV). 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

	PZLV	IUSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	6.63	0.60	+6.03

Drawdowns

PZLV vs. IUSV - Drawdown Comparison

The maximum PZLV drawdown since its inception was -2.30%, smaller than the maximum IUSV drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for PZLV and IUSV.

Drawdown Indicators

	PZLV	IUSV	Difference
Max Drawdown Largest peak-to-trough decline	-2.30%	-56.88%	+54.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.54%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.64%	-6.29%	+5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.66%	—

Volatility

Volatility by Period

	PZLV	IUSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.20%	10.00%	+4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	14.56%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.20%	17.07%	-2.87%

PZLV vs. IUSV - Expense Ratio Comparison

PZLV has a 0.60% expense ratio, which is higher than IUSV's 0.04% expense ratio.

Dividends

PZLV vs. IUSV - Dividend Comparison

PZLV has not paid dividends to shareholders, while IUSV's dividend yield for the trailing twelve months is around 1.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSV iShares Core S&P U.S. Value ETF	1.67%	1.78%	2.15%	1.75%	2.22%	1.87%	2.40%	2.19%	2.67%	1.93%	4.44%	7.63%
PZLV Pzena U.S. Large Cap Value ETF	0.00%	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

Can I hold both PZLV and IUSV in my portfolio?

PZLV and IUSV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PZLV or IUSV?

On fees, IUSV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PZLV or IUSV?

IUSV is cheaper with a 0.04% expense ratio, compared with 0.60% for PZLV.

Which ETF pays a higher dividend yield, PZLV or IUSV?

IUSV has the higher dividend yield at 1.67%, compared with 0.00% for PZLV.

What is the main difference between PZLV and IUSV?

They also come from different issuers: Pzena and iShares. Their fees differ too: 0.60% for PZLV and 0.04% for IUSV.