SIZE vs. DIVB
SIZE (iShares MSCI USA Size Factor ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - SIZE is a Mid Cap Blend Equities fund tracking the MSCI USA Low Size Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, SIZE returned 7.90%/yr vs 12.39%/yr for DIVB. Their correlation of 0.90 suggests significant overlap in exposure. SIZE charges 0.15%/yr vs 0.05%/yr for DIVB.
Performance
SIZE vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, SIZE achieves a 8.82% return, which is significantly lower than DIVB's 17.14% return.
SIZE
- 1D
- -0.38%
- 1M
- 0.73%
- YTD
- 8.82%
- 6M
- 7.67%
- 1Y
- 17.11%
- 3Y*
- 15.52%
- 5Y*
- 7.90%
- 10Y*
- 12.00%
DIVB
- 1D
- 1.02%
- 1M
- 1.64%
- YTD
- 17.14%
- 6M
- 16.48%
- 1Y
- 27.72%
- 3Y*
- 21.75%
- 5Y*
- 12.39%
- 10Y*
- —
SIZE vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIZE iShares MSCI USA Size Factor ETF | 8.82% | 10.51% | 14.37% | 17.78% | -15.86% | 25.05% | 16.26% | 28.97% | -6.59% | 3.75% |
DIVB iShares Core Dividend ETF | 17.14% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between SIZE and DIVB is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.90 |
The correlation between SIZE and DIVB has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
SIZE vs. DIVB — Risk / Return Rank
SIZE
DIVB
SIZE vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Size Factor ETF (SIZE) and iShares Core Dividend ETF (DIVB). 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.
| SIZE | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.42 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 4.08 | -1.92 |
| Martin ratioReturn relative to average drawdown | 8.33 | 13.64 | -5.31 |
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Drawdowns
SIZE vs. DIVB - Drawdown Comparison
The maximum SIZE drawdown since its inception was -39.15%, which is greater than DIVB's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for SIZE and DIVB.
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Drawdown Indicators
| SIZE | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -36.93% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -6.82% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -18.71% | -15.45% | -3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.03% | -21.08% | -2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | — | — |
Current DrawdownCurrent decline from peak | -1.59% | -1.10% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -4.97% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.04% | +0.02% |
Volatility
SIZE vs. DIVB - Volatility Comparison
The current volatility for iShares MSCI USA Size Factor ETF (SIZE) is 3.87%, while iShares Core Dividend ETF (DIVB) has a volatility of 4.61%. This indicates that SIZE experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIZE | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 4.61% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 8.84% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.98% | 11.70% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 15.26% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 18.36% | +0.34% |
SIZE vs. DIVB - Expense Ratio Comparison
SIZE has a 0.15% expense ratio, which is higher than DIVB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SIZE vs. DIVB - Dividend Comparison
SIZE's dividend yield for the trailing twelve months is around 1.40%, less than DIVB's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.27% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
SIZE iShares MSCI USA Size Factor ETF | 1.40% | 1.50% | 1.53% | 1.42% | 1.59% | 1.19% | 1.43% | 1.35% | 2.43% | 1.58% | 1.88% | 1.95% |
Frequently Asked Questions
SIZE and DIVB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.61%) compared to SIZE (3.87%). In terms of maximum drawdown, SIZE dropped -39.15% vs DIVB's -36.93%.
On 5-year performance, DIVB leads with 12.39% vs 7.90% for SIZE. On fees, DIVB is cheaper at 0.05% per year. On volatility, SIZE has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.39% return vs 7.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.15% for SIZE.
DIVB has the higher dividend yield at 2.27%, compared with 1.40% for SIZE.
SIZE is categorized as Mid Cap Blend Equities, while DIVB is Dividend. SIZE tracks MSCI USA Low Size Index, while DIVB tracks Morningstar US Dividend and Buyback Index. Their fees differ too: 0.15% for SIZE and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.38 vs 1.33), 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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