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SFLO vs. ISCB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SFLO vs. ISCB

Last updated Aug 4, 2026
Documentation

SFLO (Victoryshares Small Cap Free Cash Flow ETF) and ISCB (iShares Morningstar Small-Cap ETF) are both Small Cap Blend Equities funds - SFLO tracks the Victory US Small Cap Free Cash Flow Index while ISCB tracks the Morningstar US Small Cap Extended Index. Both are passively managed. Over the past year, SFLO returned 47.01% vs 30.98% for ISCB. Their correlation of 0.82 means they have usually moved in the same direction. SFLO charges 0.49%/yr vs 0.04%/yr for ISCB.

Performance

SFLO vs. ISCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Small Cap Free Cash Flow ETF (SFLO) and iShares Morningstar Small-Cap ETF (ISCB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SFLO achieves a 30.25% return, which is significantly higher than ISCB's 16.70% return.

SFLO

1D
1.87%
1M
8.45%
6M
27.60%
YTD
30.25%
1Y
47.01%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
18.43%

ISCB

1D
1.49%
1M
0.56%
6M
11.41%
YTD
16.70%
1Y
30.98%
3Y*
15.37%
5Y*
7.74%
10Y*
9.19%
ALL TIME*
8.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ISCB

iShares Morningstar Small-Cap ETF
$524.82K$428.40K$304.44K

SFLO

Victoryshares Small Cap Free Cash Flow ETF
$5.65M$4.19M$2.65M

SFLO vs. ISCB - Yearly Performance Comparison

2026 (YTD)202520242023
SFLO
Victoryshares Small Cap Free Cash Flow ETF		30.25%11.88%6.54%0.27%
ISCB
iShares Morningstar Small-Cap ETF		16.70%12.46%10.90%2.28%

Correlation

The correlation between SFLO and ISCB is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.70

Correlation (All Time)
Calculated using the full available price history since Dec 21, 2023

0.82

The correlation between SFLO and ISCB shifts across timeframes, from 0.70 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

SFLO vs. ISCB - Sectors Allocation Comparison

Sectors
SFLO
ISCB

Technology

32.1%
15.0%

Healthcare

16.3%
14.9%

Energy

15.4%
4.2%

Consumer Cyclical

12.6%
11.1%

Industrials

8.3%
16.3%

Communication Services

8.2%
2.6%

Consumer Defensive

6.1%
3.8%

Basic Materials

0.8%
4.5%

Financial Services

0.2%
16.6%

Utilities

0.1%
2.5%

Real Estate

0.1%
8.3%

Technology

SFLO
32.1%
ISCB
15.0%

Healthcare

SFLO
16.3%
ISCB
14.9%

Energy

SFLO
15.4%
ISCB
4.2%

Consumer Cyclical

SFLO
12.6%
ISCB
11.1%

Industrials

SFLO
8.3%
ISCB
16.3%

Communication Services

SFLO
8.2%
ISCB
2.6%

Consumer Defensive

SFLO
6.1%
ISCB
3.8%

Basic Materials

SFLO
0.8%
ISCB
4.5%

Financial Services

SFLO
0.2%
ISCB
16.6%

Utilities

SFLO
0.1%
ISCB
2.5%

Real Estate

SFLO
0.1%
ISCB
8.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Victoryshares Small Cap Free Cash Flow ETF

iShares Morningstar Small-Cap ETF

Often compared with SFLO:
SFLO vs. AVUVSFLO vs. SMCFSFLO vs. DSMCSFLO vs. SMIGSFLO vs. CALFSFLO vs. COWZSFLO vs. ECML
Often compared with ISCB:
ISCB vs. VBISCB vs. ISCGISCB vs. IJRISCB vs. SPSMISCB vs. IWMISCB vs. IMCBISCB vs. SCHA

Return for Risk

SFLO vs. ISCB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SFLO
SFLO Risk / Return Rank: 9494
Overall Rank
SFLO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
SFLO Sortino Ratio Rank: 9494
Sortino Ratio Rank
SFLO Omega Ratio Rank: 9292
Omega Ratio Rank
SFLO Calmar Ratio Rank: 9696
Calmar Ratio Rank
SFLO Martin Ratio Rank: 9595
Martin Ratio Rank
ISCB
ISCB Risk / Return Rank: 8181
Overall Rank
ISCB Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
ISCB Sortino Ratio Rank: 8181
Sortino Ratio Rank
ISCB Omega Ratio Rank: 7676
Omega Ratio Rank
ISCB Calmar Ratio Rank: 8484
Calmar Ratio Rank
ISCB Martin Ratio Rank: 8484
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SFLO vs. ISCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Small Cap Free Cash Flow ETF (SFLO) and iShares Morningstar Small-Cap ETF (ISCB). 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.

SFLOISCBDifference
Sharpe ratioReturn per unit of total volatility
2.69
1.90

+0.79

Sortino ratioReturn per unit of downside risk
3.78
2.74

+1.05

Omega ratioGain probability vs. loss probability

1.46

1.33

+0.13

Calmar ratioReturn relative to maximum drawdown

6.05

3.31

+2.74

Martin ratioReturn relative to average drawdown

20.29

11.98

+8.31

SFLO vs. ISCB - Sharpe Ratio Comparison

The current SFLO Sharpe Ratio is 2.69, which is higher than the ISCB Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of SFLO and ISCB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SFLO vs. ISCB - Drawdown Comparison

The maximum SFLO drawdown since its inception was -26.63%, smaller than the maximum ISCB drawdown of -61.25%. Use the drawdown chart below to compare losses from any high point for SFLO and ISCB.

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Drawdown Indicators

SFLOISCBDifference

Max Drawdown

Largest peak-to-trough decline

-26.63%

-61.25%

+34.62%

Max Drawdown (1Y)

Largest decline over 1 year

-7.80%

-9.39%

+1.59%

Max Drawdown (3Y)

Largest decline over 3 years

—

-26.22%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-29.94%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.18%

—

Current Drawdown

Current decline from peak

0.00%

-0.10%

+0.10%

Average Drawdown

Average peak-to-trough decline

-4.15%

-9.74%

+5.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.32%

2.59%

-0.27%

Volatility

SFLO vs. ISCB - Volatility Comparison

Victoryshares Small Cap Free Cash Flow ETF (SFLO) has a higher volatility of 5.72% compared to iShares Morningstar Small-Cap ETF (ISCB) at 3.64%. This indicates that SFLO's price experiences larger fluctuations and is considered to be riskier than ISCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SFLOISCBDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.72%

3.64%

+2.08%

Volatility (6M)

Calculated over the trailing 6-month period

13.12%

11.53%

+1.59%

Volatility (1Y)

Calculated over the trailing 1-year period

17.58%

16.42%

+1.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.51%

21.29%

-0.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.51%

22.62%

-2.11%

SFLO vs. ISCB - Expense Ratio Comparison

SFLO has a 0.49% expense ratio, which is higher than ISCB's 0.04% expense ratio.

Dividends

SFLO vs. ISCB - Dividend Comparison

SFLO's dividend yield for the trailing twelve months is around 0.71%, less than ISCB's 1.26% yield.

PositionTTM20252024202320222021202020192018201720162015
ISCB
iShares Morningstar Small-Cap ETF		1.26%1.38%1.31%1.49%1.63%1.26%1.26%1.25%1.60%1.24%1.58%1.40%
SFLO
Victoryshares Small Cap Free Cash Flow ETF		0.71%1.04%1.28%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SFLO and ISCB have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SFLO has higher volatility (5.72%) compared to ISCB (3.64%). In terms of maximum drawdown, SFLO dropped -26.63% vs ISCB's -61.25%.

On 1-year performance, SFLO leads with 47.01% vs 30.98% for ISCB. On fees, ISCB is cheaper at 0.04% per year. On volatility, ISCB has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, SFLO has performed better with a 47.01% return vs 30.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ISCB is cheaper with a 0.04% expense ratio, compared with 0.49% for SFLO.

ISCB has the higher dividend yield at 1.26%, compared with 0.71% for SFLO.

SFLO tracks Victory US Small Cap Free Cash Flow Index, while ISCB tracks Morningstar US Small Cap Extended Index. They also come from different issuers: Victory and iShares. Their fees differ too: 0.49% for SFLO and 0.04% for ISCB.

SFLO currently has the higher Sharpe Ratio (2.69 vs 1.90), 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.

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