TCV vs. ISVL
TCV (Towle Value ETF) and ISVL (iShares International Developed Small Cap Value Factor ETF) are both Small Cap Value Equities funds. TCV is actively managed, while ISVL is passively managed. Over the past year, TCV returned 42.50% vs 29.08% for ISVL. Their 0.50 correlation means they have sometimes moved together and sometimes differently. TCV charges 0.85%/yr vs 0.31%/yr for ISVL.
Performance
TCV vs. ISVL - Performance Comparison
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Returns By Period
In the year-to-date period, TCV achieves a 30.32% return, which is significantly higher than ISVL's 14.21% return.
TCV
- 1D
- -0.36%
- 1M
- 5.00%
- 6M
- 12.67%
- YTD
- 30.32%
- 1Y
- 42.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 32.30%
ISVL
- 1D
- 0.72%
- 1M
- 3.26%
- 6M
- 5.73%
- YTD
- 14.21%
- 1Y
- 29.08%
- 3Y*
- 22.57%
- 5Y*
- 11.51%
- 10Y*
- —
- ALL TIME*
- 12.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $805.24K | $840.49K | $977.43K | |
| $818.80K | $545.38K | $346.43K |
TCV vs. ISVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCV Towle Value ETF | 30.32% | 2.99% |
ISVL iShares International Developed Small Cap Value Factor ETF | 14.21% | 14.14% |
Correlation
The correlation between TCV and ISVL is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025 | 0.50 |
The correlation between TCV and ISVL has been stable across timeframes, ranging from 0.49 to 0.50 - a consistent structural relationship.
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Return for Risk
TCV vs. ISVL — Risk / Return Rank
TCV
ISVL
TCV vs. ISVL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Towle Value ETF (TCV) and iShares International Developed Small Cap Value Factor ETF (ISVL). 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.
| TCV | ISVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.34 | +1.18 |
| Martin ratioReturn relative to average drawdown | 11.35 | 9.10 | +2.25 |
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Drawdowns
TCV vs. ISVL - Drawdown Comparison
The maximum TCV drawdown since its inception was -12.23%, smaller than the maximum ISVL drawdown of -30.48%. Use the drawdown chart below to compare losses from any high point for TCV and ISVL.
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Drawdown Indicators
| TCV | ISVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -30.48% | +18.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -12.48% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.48% | — |
Current DrawdownCurrent decline from peak | -0.36% | 0.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -6.49% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 3.20% | +0.56% |
Volatility
TCV vs. ISVL - Volatility Comparison
Towle Value ETF (TCV) has a higher volatility of 4.90% compared to iShares International Developed Small Cap Value Factor ETF (ISVL) at 4.14%. This indicates that TCV's price experiences larger fluctuations and is considered to be riskier than ISVL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCV | ISVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.14% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 12.81% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 14.98% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.00% | 16.92% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 16.71% | +4.29% |
TCV vs. ISVL - Expense Ratio Comparison
TCV has a 0.85% expense ratio, which is higher than ISVL's 0.31% expense ratio.
Dividends
TCV vs. ISVL - Dividend Comparison
TCV's dividend yield for the trailing twelve months is around 0.55%, less than ISVL's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ISVL iShares International Developed Small Cap Value Factor ETF | 3.02% | 2.69% | 3.92% | 3.82% | 3.37% | 2.82% |
TCV Towle Value ETF | 0.55% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TCV and ISVL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCV has higher volatility (4.90%) compared to ISVL (4.14%). In terms of maximum drawdown, TCV dropped -12.23% vs ISVL's -30.48%.
On 1-year performance, TCV leads with 42.50% vs 29.08% for ISVL. On fees, ISVL is cheaper at 0.31% per year. On volatility, ISVL has been the lower-risk option at 4.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TCV has performed better with a 42.50% return vs 29.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVL is cheaper with a 0.31% expense ratio, compared with 0.85% for TCV.
ISVL has the higher dividend yield at 3.02%, compared with 0.55% for TCV.
They also come from different issuers: Alpha Architect and iShares. Their fees differ too: 0.85% for TCV and 0.31% for ISVL.
TCV currently has the higher Sharpe Ratio (2.11 vs 1.95), 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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