SPXD vs. ILCV

Last updated Jun 5, 2026

SPXD (Xtrackers S&P 500 Diversified Sector Weight ETF) and ILCV (iShares Morningstar Value ETF) are both Large Cap Value Equities funds - SPXD tracks the S&P 500 Diversified Sector Weight Index while ILCV tracks the Morningstar US Large-Mid Cap Broad Value Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. SPXD charges 0.09%/yr vs 0.04%/yr for ILCV.

Performance

SPXD vs. ILCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 500 Diversified Sector Weight ETF (SPXD) and iShares Morningstar Value ETF (ILCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPXD achieves a 10.08% return, which is significantly higher than ILCV's 8.79% return.

SPXD

• 1D: 0.59%
• 1M: 3.15%
• YTD: 10.08%
• 6M: 10.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ILCV

• 1D: 0.97%
• 1M: 2.91%
• YTD: 8.79%
• 6M: 8.78%
• 1Y: 28.28%
• 3Y*: 19.11%
• 5Y*: 11.63%
• 10Y*: 11.69%

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

SPXD vs. ILCV - Yearly Performance Comparison

	2026 (YTD)	2025
SPXD Xtrackers S&P 500 Diversified Sector Weight ETF	10.08%	5.02%
ILCV iShares Morningstar Value ETF	8.79%	11.48%

Correlation

The correlation between SPXD and ILCV 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 (All Time) Calculated using the full available price history since Jul 25, 2025	0.90

Return for Risk

SPXD vs. ILCV — Risk / Return Rank

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

ILCV

ILCV Risk / Return Rank: 86
ILCV Sharpe Ratio Rank: 87
ILCV Sortino Ratio Rank: 89
ILCV Omega Ratio Rank: 86
ILCV Calmar Ratio Rank: 83
ILCV Martin Ratio Rank: 86

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.

SPXD vs. ILCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Diversified Sector Weight ETF (SPXD) and iShares Morningstar Value ETF (ILCV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPXD	ILCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.89	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.70	0.46	+1.24

Drawdowns

SPXD vs. ILCV - Drawdown Comparison

The maximum SPXD drawdown since its inception was -7.53%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for SPXD and ILCV.

Drawdown Indicators

	SPXD	ILCV	Difference
Max Drawdown Largest peak-to-trough decline	-7.53%	-58.63%	+51.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.55%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.53%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.23%	-9.32%	+8.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.58%	—

Volatility

Volatility by Period

	SPXD	ILCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	9.85%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.78%	14.22%	-3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	16.66%	-5.88%

SPXD vs. ILCV - Expense Ratio Comparison

SPXD has a 0.09% expense ratio, which is higher than ILCV's 0.04% 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

SPXD vs. ILCV - Dividend Comparison

SPXD's dividend yield for the trailing twelve months is around 1.02%, less than ILCV's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCV iShares Morningstar Value ETF	1.61%	1.77%	1.99%	2.27%	2.32%	2.01%	2.96%	2.70%	2.93%	2.32%	2.76%	3.01%
SPXD Xtrackers S&P 500 Diversified Sector Weight ETF	1.02%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPXD and ILCV in my portfolio?

With a correlation of 0.90, SPXD and ILCV 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 ETF is better, SPXD or ILCV?

On fees, ILCV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXD or ILCV?

ILCV is cheaper with a 0.04% expense ratio, compared with 0.09% for SPXD.

Which ETF pays a higher dividend yield, SPXD or ILCV?

ILCV has the higher dividend yield at 1.61%, compared with 1.02% for SPXD.

What is the main difference between SPXD and ILCV?

SPXD tracks S&P 500 Diversified Sector Weight Index, while ILCV tracks Morningstar US Large-Mid Cap Broad Value Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for SPXD and 0.04% for ILCV.