TCV vs. TIIV

Last updated Jul 17, 2026

TCV (Towle Value ETF) and TIIV (AAM Todd International Intrinsic Value ETF) are both exchange-traded funds - TCV is a Small Cap Value Equities fund actively managed by Towle, while TIIV is a Actively Managed fund actively managed by AAM. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. TCV charges 0.85%/yr vs 0.54%/yr for TIIV.

Performance

TCV vs. TIIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Towle Value ETF (TCV) and AAM Todd International Intrinsic Value ETF (TIIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCV achieves a 28.70% return, which is significantly higher than TIIV's 12.20% return.

TCV

• 1D: 0.01%
• 1M: 4.66%
• 6M: 13.75%
• YTD: 28.70%
• 1Y: 32.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TIIV

• 1D: -0.26%
• 1M: 1.25%
• 6M: 8.13%
• YTD: 12.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TCV vs. TIIV - Yearly Performance Comparison

	2026 (YTD)	2025
TCV Towle Value ETF	28.70%	2.67%
TIIV AAM Todd International Intrinsic Value ETF	12.20%	10.83%

Correlation

The correlation between TCV and TIIV is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.55

Return for Risk

TCV vs. TIIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Towle Value ETF (TCV) and AAM Todd International Intrinsic Value ETF (TIIV). 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.

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

Drawdowns

TCV vs. TIIV - Drawdown Comparison

The maximum TCV drawdown since its inception was -12.23%, which is greater than TIIV's maximum drawdown of -9.68%. Use the drawdown chart below to compare losses from any high point for TCV and TIIV.

Drawdown Indicators

	TCV	TIIV	Difference
Max Drawdown Largest peak-to-trough decline	-12.23%	-9.68%	-2.55%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	—	—
Current Drawdown Current decline from peak	-0.09%	-0.26%	+0.17%
Average Drawdown Average peak-to-trough decline	-3.29%	-1.84%	-1.45%

Volatility

Volatility by Period

	TCV	TIIV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.12%	14.49%	+6.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.12%	14.49%	+6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	14.49%	+6.63%

TCV vs. TIIV - Expense Ratio Comparison

TCV has a 0.85% expense ratio, which is higher than TIIV's 0.54% expense ratio.

Dividends

TCV vs. TIIV - Dividend Comparison

TCV's dividend yield for the trailing twelve months is around 0.56%, less than TIIV's 3.17% yield.

Position	TTM	2025
TCV Towle Value ETF	0.56%	0.31%
TIIV AAM Todd International Intrinsic Value ETF	3.17%	2.33%

Frequently Asked Questions

Can I hold both TCV and TIIV in my portfolio?

TCV and TIIV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCV or TIIV?

On fees, TIIV is cheaper at 0.54% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCV or TIIV?

TIIV is cheaper with a 0.54% expense ratio, compared with 0.85% for TCV.

Which ETF pays a higher dividend yield, TCV or TIIV?

TIIV has the higher dividend yield at 3.17%, compared with 0.56% for TCV.

What is the main difference between TCV and TIIV?

TCV is categorized as Small Cap Value Equities, while TIIV is Actively Managed. They also come from different issuers: Towle and AAM. Their fees differ too: 0.85% for TCV and 0.54% for TIIV.