PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SZNE vs. ILCB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SZNE vs. ILCB

Last updated Jul 12, 2026
Documentation

SZNE (Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF) and ILCB (iShares Morningstar U.S. Equity ETF) are both exchange-traded funds - SZNE is a Large Cap Blend Equities fund tracking the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while ILCB is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Index. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. SZNE charges 0.60%/yr vs 0.03%/yr for ILCB.

Performance

SZNE vs. ILCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) and iShares Morningstar U.S. Equity ETF (ILCB). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

SZNE

1D
—
1M
—
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

ILCB

1D
0.44%
1M
2.10%
6M
9.46%
YTD
11.43%
1Y
22.34%
3Y*
21.22%
5Y*
12.68%
10Y*
14.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SZNE vs. ILCB - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SZNE
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF		9.68%-3.44%2.05%6.53%-12.33%26.36%4.03%35.75%-7.01%
ILCB
iShares Morningstar U.S. Equity ETF		11.43%17.70%24.96%26.91%-19.48%24.07%19.40%32.68%-9.09%

Correlation

The correlation between SZNE and ILCB is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Jul 24, 2018

0.77

Over the past year, the correlation between SZNE and ILCB has dropped to 0.52 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

SZNE vs. ILCB - Sectors Allocation Comparison

Sectors
SZNE
ILCB

Financial Services

38.7%
11.7%

Industrials

13.0%
8.4%

Energy

9.3%
3.1%

Technology

5.6%
37.9%

Healthcare

5.1%
9.0%

Utilities

5.0%
2.6%

Consumer Cyclical

3.7%
9.4%

Communication Services

2.9%
9.8%

Real Estate

2.2%
1.7%

Basic Materials

1.6%
1.8%

Consumer Defensive

1.3%
4.4%

Financial Services

SZNE
38.7%
ILCB
11.7%

Industrials

SZNE
13.0%
ILCB
8.4%

Energy

SZNE
9.3%
ILCB
3.1%

Technology

SZNE
5.6%
ILCB
37.9%

Healthcare

SZNE
5.1%
ILCB
9.0%

Utilities

SZNE
5.0%
ILCB
2.6%

Consumer Cyclical

SZNE
3.7%
ILCB
9.4%

Communication Services

SZNE
2.9%
ILCB
9.8%

Real Estate

SZNE
2.2%
ILCB
1.7%

Basic Materials

SZNE
1.6%
ILCB
1.8%

Consumer Defensive

SZNE
1.3%
ILCB
4.4%

Compare stocks, funds, or ETFs

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

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

iShares Morningstar U.S. Equity ETF

Often compared with SZNE:
SZNE vs. RSPSZNE vs. QQQASZNE vs. VOOSZNE vs. SPYSZNE vs. BDGSSZNE vs. EQLSZNE vs. FMTM
Often compared with ILCB:
ILCB vs. ILCGILCB vs. VOOILCB vs. IVVILCB vs. SPYILCB vs. SCHBILCB vs. VTIILCB vs. BBUS

Return for Risk

SZNE vs. ILCB — Risk / Return Rank

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

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

ILCB
ILCB Risk / Return Rank: 6666
Overall Rank
ILCB Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
ILCB Sortino Ratio Rank: 6565
Sortino Ratio Rank
ILCB Omega Ratio Rank: 6565
Omega Ratio Rank
ILCB Calmar Ratio Rank: 6161
Calmar Ratio Rank
ILCB Martin Ratio Rank: 7272
Martin Ratio Rank
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.

SZNE vs. ILCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) and iShares Morningstar U.S. Equity ETF (ILCB). 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.

SZNEILCBDifference
Sharpe ratioReturn per unit of total volatility

—

1.74

—

Sortino ratioReturn per unit of downside risk

—

2.40

—

Omega ratioGain probability vs. loss probability

—

1.31

—

Calmar ratioReturn relative to maximum drawdown

—

2.42

—

Martin ratioReturn relative to average drawdown

—

10.47

—

SZNE vs. ILCB - Sharpe Ratio Comparison

Loading charts...

Drawdowns

SZNE vs. ILCB - Drawdown Comparison

Loading charts...

Drawdown Indicators

SZNEILCBDifference

Max Drawdown

Largest peak-to-trough decline

—

-51.53%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.09%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-19.05%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.47%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.30%

—

Current Drawdown

Current decline from peak

—

-0.40%

—

Average Drawdown

Average peak-to-trough decline

—

-6.22%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.10%

—

Volatility

SZNE vs. ILCB - Volatility Comparison

Loading charts...

Volatility by Period

SZNEILCBDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.32%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

10.06%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

12.65%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

17.23%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

18.16%

—

SZNE vs. ILCB - Expense Ratio Comparison

SZNE has a 0.60% expense ratio, which is higher than ILCB's 0.03% expense ratio.

Dividends

SZNE vs. ILCB - Dividend Comparison

SZNE's dividend yield for the trailing twelve months is around 1.23%, more than ILCB's 0.97% yield.

PositionTTM20252024202320222021202020192018201720162015
ILCB
iShares Morningstar U.S. Equity ETF		0.97%1.11%1.19%1.43%1.65%1.16%1.26%2.25%2.17%1.81%1.97%2.44%
SZNE
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF		1.23%1.47%1.20%1.21%1.11%0.79%1.37%0.90%0.68%0.00%0.00%0.00%

Frequently Asked Questions

SZNE and ILCB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ILCB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ILCB is cheaper with a 0.03% expense ratio, compared with 0.60% for SZNE.

SZNE has the higher dividend yield at 1.23%, compared with 0.97% for ILCB.

SZNE is categorized as Large Cap Blend Equities, while ILCB is Large Cap Growth Equities. SZNE tracks Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while ILCB tracks Morningstar US Large-Mid Cap Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for SZNE and 0.03% for ILCB.

Portfolio Optimizer

Find the right allocation for SZNE and ILCB

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer