RZV vs. ISVL

Last updated Jun 4, 2026

RZV (Invesco S&P SmallCap 600® Pure Value ETF) and ISVL (iShares International Developed Small Cap Value Factor ETF) are both Small Cap Value Equities funds - RZV tracks the S&P Small Cap 600 Pure Value while ISVL tracks the FTSE Developed ex US ex Korea Small Cap Focused Value Index. Both are passively managed. Over the past 5 years, RZV returned 8.85%/yr vs 10.07%/yr for ISVL. A 0.65 correlation means they provide meaningful diversification when combined. RZV charges 0.35%/yr vs 0.30%/yr for ISVL.

Performance

RZV vs. ISVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600® Pure Value ETF (RZV) and iShares International Developed Small Cap Value Factor ETF (ISVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RZV achieves a 17.78% return, which is significantly higher than ISVL's 8.45% return.

RZV

• 1D: -1.04%
• 1M: 3.13%
• YTD: 17.78%
• 6M: 15.59%
• 1Y: 42.30%
• 3Y*: 17.71%
• 5Y*: 8.85%
• 10Y*: 10.65%

ISVL

• 1D: -1.11%
• 1M: 2.16%
• YTD: 8.45%
• 6M: 12.58%
• 1Y: 28.37%
• 3Y*: 21.34%
• 5Y*: 10.07%
• 10Y*: —

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

RZV vs. ISVL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RZV Invesco S&P SmallCap 600® Pure Value ETF	17.78%	8.65%	5.06%	22.97%	-6.80%	12.70%
ISVL iShares International Developed Small Cap Value Factor ETF	8.45%	42.84%	4.58%	17.56%	-13.69%	7.69%

Correlation

The correlation between RZV and ISVL is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.65

The correlation between RZV and ISVL shifts across timeframes, from 0.54 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

RZV vs. ISVL - Sectors Allocation Comparison

Sectors	RZV	ISVL
Consumer Cyclical	26.1%	10.4%
Industrials	15.7%	23.3%
Energy	9.7%	7.3%
Technology	8.9%	4.7%
Healthcare	8.8%	3.7%
Consumer Defensive	7.7%	5.3%
Financial Services	7.3%	20.8%
Basic Materials	6.4%	9.1%
Real Estate	5.0%	11.1%
Communication Services	4.2%	3.0%
Utilities	0.4%	1.5%

Return for Risk

RZV vs. ISVL — Risk / Return Rank

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

RZV

RZV Risk / Return Rank: 61
RZV Sharpe Ratio Rank: 61
RZV Sortino Ratio Rank: 62
RZV Omega Ratio Rank: 55
RZV Calmar Ratio Rank: 68
RZV Martin Ratio Rank: 61

ISVL

ISVL Risk / Return Rank: 54
ISVL Sharpe Ratio Rank: 57
ISVL Sortino Ratio Rank: 57
ISVL Omega Ratio Rank: 58
ISVL Calmar Ratio Rank: 46
ISVL Martin Ratio Rank: 52

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.

RZV vs. ISVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Value ETF (RZV) and iShares International Developed Small Cap Value Factor ETF (ISVL). 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.

	RZV	ISVL	Difference
Sharpe ratio Return per unit of total volatility	2.06	1.98	+0.08
Sortino ratio Return per unit of downside risk	2.93	2.78	+0.15
Omega ratio Gain probability vs. loss probability	1.35	1.36	-0.01
Calmar ratio Return relative to maximum drawdown	3.38	2.28	+1.10
Martin ratio Return relative to average drawdown	11.02	8.95	+2.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RZV vs. ISVL - Sharpe Ratio Comparison

The current RZV Sharpe Ratio is 2.06, which is comparable to the ISVL Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of RZV and ISVL, 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

	RZV	ISVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	1.98	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.60	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.70	-0.43

Drawdowns

RZV vs. ISVL - Drawdown Comparison

The maximum RZV drawdown since its inception was -77.11%, which is greater than ISVL's maximum drawdown of -30.48%. Use the drawdown chart below to compare losses from any high point for RZV and ISVL.

Drawdown Indicators

	RZV	ISVL	Difference
Max Drawdown Largest peak-to-trough decline	-77.11%	-30.48%	-46.63%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-12.48%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-29.81%	-12.93%	-16.88%
Max Drawdown (5Y) Largest decline over 5 years	-29.81%	-30.48%	+0.67%
Max Drawdown (10Y) Largest decline over 10 years	-60.42%	—	—
Current Drawdown Current decline from peak	-1.04%	-2.16%	+1.12%
Average Drawdown Average peak-to-trough decline	-13.60%	-6.66%	-6.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	3.18%	+0.67%

Volatility

RZV vs. ISVL - Volatility Comparison

Invesco S&P SmallCap 600® Pure Value ETF (RZV) has a higher volatility of 5.21% compared to iShares International Developed Small Cap Value Factor ETF (ISVL) at 4.54%. This indicates that RZV's price experiences larger fluctuations and is considered to be riskier than ISVL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RZV	ISVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	4.54%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	13.66%	12.01%	+1.65%
Volatility (1Y) Calculated over the trailing 1-year period	20.69%	14.47%	+6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.37%	16.90%	+7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.04%	16.78%	+10.26%

RZV vs. ISVL - Expense Ratio Comparison

RZV has a 0.35% expense ratio, which is higher than ISVL's 0.30% expense ratio.

Dividends

RZV vs. ISVL - Dividend Comparison

RZV's dividend yield for the trailing twelve months is around 1.35%, less than ISVL's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISVL iShares International Developed Small Cap Value Factor ETF	2.48%	2.69%	3.92%	3.82%	3.37%	2.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RZV Invesco S&P SmallCap 600® Pure Value ETF	1.35%	1.59%	1.14%	1.13%	1.43%	0.86%	0.63%	1.03%	2.03%	1.02%	0.46%	1.24%

Frequently Asked Questions

Can I hold both RZV and ISVL in my portfolio?

RZV and ISVL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RZV or ISVL?

RZV has higher volatility (5.21%) compared to ISVL (4.54%). In terms of maximum drawdown, RZV dropped -77.11% vs ISVL's -30.48%.

Which ETF is better, RZV or ISVL?

On 5-year performance, ISVL leads with 10.07% vs 8.85% for RZV. On fees, ISVL is cheaper at 0.30% per year. On volatility, ISVL has been the lower-risk option at 4.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RZV or ISVL?

Over the 5-year period, ISVL has performed better with a 10.07% return vs 8.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RZV or ISVL?

ISVL is cheaper with a 0.30% expense ratio, compared with 0.35% for RZV.

Which ETF pays a higher dividend yield, RZV or ISVL?

ISVL has the higher dividend yield at 2.48%, compared with 1.35% for RZV.

What is the main difference between RZV and ISVL?

RZV tracks S&P Small Cap 600 Pure Value, while ISVL tracks FTSE Developed ex US ex Korea Small Cap Focused Value Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for RZV and 0.30% for ISVL.

Which has better risk-adjusted returns?

RZV currently has the higher Sharpe Ratio (2.06 vs 1.98), 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.