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SVAL vs. ISCV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SVAL vs. ISCV

Last updated Aug 2, 2026
Documentation

SVAL (iShares US Small Cap Value Factor ETF) and ISCV (iShares Morningstar Small Cap Value ETF) are both Small Cap Value Equities funds from iShares - SVAL tracks the Russell 2000 Focused Value Select Index while ISCV tracks the Morningstar US Small Cap Broad Value Extended Index. Both are passively managed. Over the past 5 years, SVAL returned 9.86%/yr vs 9.24%/yr for ISCV. Their correlation of 0.95 means they have usually moved in the same direction. SVAL charges 0.20%/yr vs 0.06%/yr for ISCV.

Performance

SVAL vs. ISCV - Performance Comparison

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

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Returns By Period

In the year-to-date period, SVAL achieves a 25.30% return, which is significantly higher than ISCV's 17.01% return.

SVAL

1D
0.26%
1M
2.62%
6M
17.08%
YTD
25.30%
1Y
43.73%
3Y*
16.07%
5Y*
9.86%
10Y*
—
ALL TIME*
17.62%

ISCV

1D
-0.47%
1M
0.89%
6M
11.85%
YTD
17.01%
1Y
32.31%
3Y*
13.72%
5Y*
9.24%
10Y*
9.09%
ALL TIME*
8.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

ISCV

iShares Morningstar Small Cap Value ETF
$725.99K$721.48K$862.94K

SVAL

iShares US Small Cap Value Factor ETF
$620.93K$633.76K$608.86K

SVAL vs. ISCV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SVAL
iShares US Small Cap Value Factor ETF		25.30%8.23%7.54%12.27%-10.15%33.18%29.82%
ISCV
iShares Morningstar Small Cap Value ETF		17.01%10.38%9.31%16.55%-10.58%29.15%30.86%

Correlation

The correlation between SVAL and ISCV is 0.89, meaning they have usually moved in the same direction, including during past declines.

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

0.89

Correlation (3Y)
Balances recent behavior with more history.

0.93

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.95

Correlation (All Time)
Calculated using the full available price history since Oct 29, 2020

0.95

The correlation between SVAL and ISCV has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

SVAL vs. ISCV - Sectors Allocation Comparison

Sectors
SVAL
ISCV

Financial Services

22.7%
22.4%

Industrials

12.9%
12.7%

Healthcare

12.0%
11.4%

Consumer Cyclical

11.8%
14.6%

Technology

10.4%
8.4%

Energy

10.0%
5.0%

Real Estate

4.7%
11.3%

Basic Materials

4.7%
3.1%

Consumer Defensive

4.3%
4.7%

Utilities

3.4%
3.9%

Communication Services

3.0%
2.5%

Financial Services

SVAL
22.7%
ISCV
22.4%

Industrials

SVAL
12.9%
ISCV
12.7%

Healthcare

SVAL
12.0%
ISCV
11.4%

Consumer Cyclical

SVAL
11.8%
ISCV
14.6%

Technology

SVAL
10.4%
ISCV
8.4%

Energy

SVAL
10.0%
ISCV
5.0%

Real Estate

SVAL
4.7%
ISCV
11.3%

Basic Materials

SVAL
4.7%
ISCV
3.1%

Consumer Defensive

SVAL
4.3%
ISCV
4.7%

Utilities

SVAL
3.4%
ISCV
3.9%

Communication Services

SVAL
3.0%
ISCV
2.5%

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iShares US Small Cap Value Factor ETF

iShares Morningstar Small Cap Value ETF

Often compared with SVAL:
SVAL vs. AVUVSVAL vs. XSVMSVAL vs. SPYVSVAL vs. IJSSVAL vs. SLYVSVAL vs. IWOSVAL vs. VDC
Often compared with ISCV:
ISCV vs. AVUVISCV vs. IJSISCV vs. VIOVISCV vs. SPSMISCV vs. SLYVISCV vs. VTIISCV vs. SCHD

Return for Risk

SVAL vs. ISCV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SVAL
SVAL Risk / Return Rank: 9292
Overall Rank
SVAL Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
SVAL Sortino Ratio Rank: 9393
Sortino Ratio Rank
SVAL Omega Ratio Rank: 9191
Omega Ratio Rank
SVAL Calmar Ratio Rank: 9393
Calmar Ratio Rank
SVAL Martin Ratio Rank: 9292
Martin Ratio Rank
ISCV
ISCV Risk / Return Rank: 8484
Overall Rank
ISCV Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
ISCV Sortino Ratio Rank: 8585
Sortino Ratio Rank
ISCV Omega Ratio Rank: 8080
Omega Ratio Rank
ISCV Calmar Ratio Rank: 8585
Calmar Ratio Rank
ISCV Martin Ratio Rank: 8585
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.

SVAL vs. ISCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Small Cap Value Factor ETF (SVAL) 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.

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.

SVALISCVDifference
Sharpe ratioReturn per unit of total volatility
2.41
1.92

+0.50

Sortino ratioReturn per unit of downside risk
3.51
2.84

+0.67

Omega ratioGain probability vs. loss probability

1.42

1.34

+0.09

Calmar ratioReturn relative to maximum drawdown

4.59

3.25

+1.34

Martin ratioReturn relative to average drawdown

15.49

12.04

+3.45

SVAL vs. ISCV - Sharpe Ratio Comparison

The current SVAL Sharpe Ratio is 2.41, which is comparable to the ISCV Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of SVAL 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.

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Drawdowns

SVAL vs. ISCV - Drawdown Comparison

The maximum SVAL drawdown since its inception was -27.44%, smaller than the maximum ISCV drawdown of -63.14%. Use the drawdown chart below to compare losses from any high point for SVAL and ISCV.

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Drawdown Indicators

SVALISCVDifference

Max Drawdown

Largest peak-to-trough decline

-27.44%

-63.14%

+35.70%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-9.25%

+0.31%

Max Drawdown (3Y)

Largest decline over 3 years

-27.44%

-25.35%

-2.09%

Max Drawdown (5Y)

Largest decline over 5 years

-27.44%

-25.35%

-2.09%

Max Drawdown (10Y)

Largest decline over 10 years

—

-51.56%

—

Current Drawdown

Current decline from peak

-0.79%

-1.36%

+0.57%

Average Drawdown

Average peak-to-trough decline

-8.29%

-9.08%

+0.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.64%

2.49%

+0.15%

Volatility

SVAL vs. ISCV - Volatility Comparison

The current volatility for iShares US Small Cap Value Factor ETF (SVAL) is 3.19%, while iShares Morningstar Small Cap Value ETF (ISCV) has a volatility of 3.47%. This indicates that SVAL experiences smaller price fluctuations and is considered to be less risky than ISCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SVALISCVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.19%

3.47%

-0.28%

Volatility (6M)

Calculated over the trailing 6-month period

10.99%

10.28%

+0.71%

Volatility (1Y)

Calculated over the trailing 1-year period

17.03%

15.74%

+1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.01%

20.59%

+1.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.04%

23.20%

-0.16%

SVAL vs. ISCV - Expense Ratio Comparison

SVAL has a 0.20% expense ratio, which is higher than ISCV's 0.06% 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

SVAL vs. ISCV - Dividend Comparison

SVAL's dividend yield for the trailing twelve months is around 2.04%, more than ISCV's 1.83% yield.

PositionTTM20252024202320222021202020192018201720162015
ISCV
iShares Morningstar Small Cap Value ETF		1.83%2.04%2.01%2.21%2.12%1.95%2.01%2.36%2.48%1.74%2.49%2.60%
SVAL
iShares US Small Cap Value Factor ETF		2.04%2.33%1.82%2.25%2.09%2.33%0.28%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SVAL and ISCV have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ISCV has higher volatility (3.47%) compared to SVAL (3.19%). In terms of maximum drawdown, SVAL dropped -27.44% vs ISCV's -63.14%.

On 5-year performance, SVAL leads with 9.86% vs 9.24% for ISCV. On fees, ISCV is cheaper at 0.06% per year. On volatility, SVAL has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SVAL has performed better with a 9.86% return vs 9.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ISCV is cheaper with a 0.06% expense ratio, compared with 0.20% for SVAL.

SVAL has the higher dividend yield at 2.04%, compared with 1.83% for ISCV.

SVAL tracks Russell 2000 Focused Value Select Index, while ISCV tracks Morningstar US Small Cap Broad Value Extended Index. Their fees differ too: 0.20% for SVAL and 0.06% for ISCV.

SVAL currently has the higher Sharpe Ratio (2.41 vs 1.92), 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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