SCAP vs. ISCV

Last updated Jun 4, 2026

SCAP (Infracap Small Cap Income ETF) and ISCV (iShares Morningstar Small Cap Value ETF) are both Small Cap Value Equities funds. SCAP is actively managed, while ISCV is passively managed. Over the past year, SCAP returned 27.11% vs 27.98% for ISCV. Their correlation of 0.93 suggests significant overlap in exposure. SCAP charges 0.80%/yr vs 0.06%/yr for ISCV.

Performance

SCAP vs. ISCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Infracap Small Cap Income ETF (SCAP) and iShares Morningstar Small Cap Value ETF (ISCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SCAP having a 9.64% return and ISCV slightly higher at 10.08%.

SCAP

• 1D: -0.95%
• 1M: 2.95%
• YTD: 9.64%
• 6M: 9.93%
• 1Y: 27.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ISCV

• 1D: -0.57%
• 1M: 2.04%
• YTD: 10.08%
• 6M: 10.27%
• 1Y: 27.98%
• 3Y*: 15.48%
• 5Y*: 6.54%
• 10Y*: 8.58%

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

SCAP vs. ISCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SCAP Infracap Small Cap Income ETF	9.64%	11.85%	16.39%	6.21%
ISCV iShares Morningstar Small Cap Value ETF	10.08%	10.38%	9.31%	7.66%

Correlation

The correlation between SCAP and ISCV is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.93

The correlation between SCAP and ISCV has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

SCAP vs. ISCV - Sectors Allocation Comparison

Sectors	SCAP	ISCV
Industrials	22.6%	12.1%
Financial Services	20.5%	21.1%
Consumer Cyclical	13.7%	13.4%
Real Estate	10.6%	11.0%
Basic Materials	8.5%	5.8%
Technology	7.5%	8.9%
Energy	5.1%	7.2%
Communication Services	3.1%	1.8%
Healthcare	2.9%	11.1%
Consumer Defensive	2.8%	3.7%
Utilities	2.7%	3.6%

Return for Risk

SCAP vs. ISCV — Risk / Return Rank

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

SCAP

SCAP Risk / Return Rank: 48
SCAP Sharpe Ratio Rank: 49
SCAP Sortino Ratio Rank: 48
SCAP Omega Ratio Rank: 48
SCAP Calmar Ratio Rank: 48
SCAP Martin Ratio Rank: 47

ISCV

ISCV Risk / Return Rank: 54
ISCV Sharpe Ratio Rank: 49
ISCV Sortino Ratio Rank: 53
ISCV Omega Ratio Rank: 47
ISCV Calmar Ratio Rank: 61
ISCV Martin Ratio Rank: 59

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.

SCAP vs. ISCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Infracap Small Cap Income ETF (SCAP) and iShares Morningstar Small Cap Value ETF (ISCV). 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.

	SCAP	ISCV	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.73	-0.02
Sortino ratio: Return per unit of downside risk	2.39	2.58	-0.19
Omega ratio: Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio: Return relative to maximum drawdown	2.36	3.04	-0.68
Martin ratio: Return relative to average drawdown	7.83	10.55	-2.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCAP vs. ISCV - Sharpe Ratio Comparison

The current SCAP Sharpe Ratio is 1.71, which is comparable to the ISCV Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of SCAP and ISCV, 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

	SCAP	ISCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.73	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.36	+0.63

Drawdowns

SCAP vs. ISCV - Drawdown Comparison

The maximum SCAP drawdown since its inception was -24.13%, smaller than the maximum ISCV drawdown of -63.14%. Use the drawdown chart below to compare losses from any high point for SCAP and ISCV.

Drawdown Indicators

	SCAP	ISCV	Difference
Max Drawdown Largest peak-to-trough decline	-24.13%	-63.14%	+39.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.55%	-9.25%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.56%	—
Current Drawdown Current decline from peak	-0.95%	-0.68%	-0.27%
Average Drawdown Average peak-to-trough decline	-4.26%	-9.14%	+4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	2.66%	+0.81%

Volatility

SCAP vs. ISCV - Volatility Comparison

Infracap Small Cap Income ETF (SCAP) has a higher volatility of 4.70% compared to iShares Morningstar Small Cap Value ETF (ISCV) at 3.80%. This indicates that SCAP's price experiences larger fluctuations and is considered to be riskier than ISCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCAP	ISCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	3.80%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	11.83%	10.45%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	15.97%	16.28%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.67%	20.83%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.67%	23.30%	-4.63%

SCAP vs. ISCV - Expense Ratio Comparison

SCAP has a 0.80% expense ratio, which is higher than ISCV's 0.06% expense ratio.

Dividends

SCAP vs. ISCV - Dividend Comparison

SCAP's dividend yield for the trailing twelve months is around 6.97%, more than ISCV's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISCV iShares Morningstar Small Cap Value ETF	1.88%	2.04%	2.01%	2.21%	2.12%	1.95%	2.01%	2.36%	2.48%	1.74%	2.49%	2.60%
SCAP Infracap Small Cap Income ETF	6.97%	6.71%	6.89%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCAP and ISCV in my portfolio?

With a correlation of 0.90, SCAP and ISCV 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, SCAP or ISCV?

SCAP has higher volatility (4.70%) compared to ISCV (3.80%). In terms of maximum drawdown, SCAP dropped -24.13% vs ISCV's -63.14%.

Which ETF is better, SCAP or ISCV?

On 1-year performance, ISCV leads with 27.98% vs 27.11% for SCAP. On fees, ISCV is cheaper at 0.06% per year. On volatility, ISCV has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCAP or ISCV?

Over the 1-year period, ISCV has performed better with a 27.98% return vs 27.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCAP or ISCV?

ISCV is cheaper with a 0.06% expense ratio, compared with 0.80% for SCAP.

Which ETF pays a higher dividend yield, SCAP or ISCV?

SCAP has the higher dividend yield at 6.97%, compared with 1.88% for ISCV.

What is the main difference between SCAP and ISCV?

They also come from different issuers: InfraCap and iShares. Their fees differ too: 0.80% for SCAP and 0.06% for ISCV.

Which has better risk-adjusted returns?

ISCV currently has the higher Sharpe Ratio (1.73 vs 1.71), 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.