SLYV vs. ICF
SLYV (SPDR S&P 600 Small Cap Value ETF) and ICF (iShares Cohen & Steers REIT ETF) are both exchange-traded funds - SLYV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while ICF is a REIT fund tracking the Cohen & Steers Realty Majors Index. Both are passively managed. Over the past 10 years, SLYV returned 10.65%/yr vs 5.99%/yr for ICF. A 0.60 correlation means they provide meaningful diversification when combined. SLYV charges 0.15%/yr vs 0.34%/yr for ICF.
Performance
SLYV vs. ICF - Performance Comparison
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Returns By Period
In the year-to-date period, SLYV achieves a 19.47% return, which is significantly higher than ICF's 16.93% return. Over the past 10 years, SLYV has outperformed ICF with an annualized return of 10.65%, while ICF has yielded a comparatively lower 5.99% annualized return.
SLYV
- 1D
- 1.09%
- 1M
- 6.39%
- YTD
- 19.47%
- 6M
- 16.63%
- 1Y
- 41.92%
- 3Y*
- 14.32%
- 5Y*
- 6.28%
- 10Y*
- 10.65%
ICF
- 1D
- 0.96%
- 1M
- 3.62%
- YTD
- 16.93%
- 6M
- 17.09%
- 1Y
- 15.91%
- 3Y*
- 11.06%
- 5Y*
- 3.38%
- 10Y*
- 5.99%
SLYV vs. ICF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLYV SPDR S&P 600 Small Cap Value ETF | 19.47% | 6.54% | 7.28% | 14.82% | -11.08% | 30.57% | 2.68% | 24.26% | -12.77% | 11.74% |
ICF iShares Cohen & Steers REIT ETF | 16.93% | 1.85% | 5.30% | 10.36% | -26.12% | 44.17% | -5.43% | 25.48% | -2.55% | 4.90% |
Correlation
The correlation between SLYV and ICF is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2001 | 0.60 |
The correlation between SLYV and ICF shifts across timeframes, from 0.48 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SLYV vs. ICF — Risk / Return Rank
SLYV
ICF
SLYV vs. ICF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Value ETF (SLYV) and iShares Cohen & Steers REIT ETF (ICF). 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.
| SLYV | ICF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 1.82 | +2.37 |
| Martin ratioReturn relative to average drawdown | 13.96 | 5.18 | +8.78 |
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Drawdowns
SLYV vs. ICF - Drawdown Comparison
The maximum SLYV drawdown since its inception was -61.15%, smaller than the maximum ICF drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for SLYV and ICF.
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Drawdown Indicators
| SLYV | ICF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.15% | -76.74% | +15.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -8.20% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -28.68% | -17.25% | -11.43% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -34.74% | +6.06% |
Max Drawdown (10Y)Largest decline over 10 years | -47.73% | -40.22% | -7.51% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -14.16% | +5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.89% | -0.07% |
Volatility
SLYV vs. ICF - Volatility Comparison
SPDR S&P 600 Small Cap Value ETF (SLYV) and iShares Cohen & Steers REIT ETF (ICF) have volatilities of 4.81% and 4.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLYV | ICF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 4.74% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 10.33% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.31% | 13.94% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.97% | 18.95% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.96% | 20.60% | +3.36% |
SLYV vs. ICF - Expense Ratio Comparison
SLYV has a 0.15% expense ratio, which is lower than ICF's 0.34% expense ratio.
Dividends
SLYV vs. ICF - Dividend Comparison
SLYV's dividend yield for the trailing twelve months is around 1.75%, less than ICF's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICF iShares Cohen & Steers REIT ETF | 2.38% | 2.88% | 2.66% | 2.76% | 2.64% | 1.82% | 2.38% | 2.55% | 3.20% | 3.10% | 4.21% | 3.30% |
SLYV SPDR S&P 600 Small Cap Value ETF | 1.75% | 2.02% | 2.30% | 2.11% | 1.47% | 1.94% | 1.40% | 1.67% | 2.14% | 5.53% | 2.18% | 6.55% |
Frequently Asked Questions
SLYV and ICF have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLYV has higher volatility (4.81%) compared to ICF (4.74%). In terms of maximum drawdown, SLYV dropped -61.15% vs ICF's -76.74%.
On 10-year performance, SLYV leads with 10.65% vs 5.99% for ICF. On fees, SLYV is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLYV has performed better with a 10.65% return vs 5.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLYV is cheaper with a 0.15% expense ratio, compared with 0.34% for ICF.
ICF has the higher dividend yield at 2.38%, compared with 1.75% for SLYV.
SLYV is categorized as Small Cap Value Equities, while ICF is REIT. SLYV tracks S&P SmallCap 600 Value Index, while ICF tracks Cohen & Steers Realty Majors Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SLYV and 0.34% for ICF.
SLYV currently has the higher Sharpe Ratio (2.15 vs 1.07), 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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