TSCV vs. ISVL

Last updated Jun 4, 2026

TSCV (Thrivent Small Cap Value ETF) and ISVL (iShares International Developed Small Cap Value Factor ETF) are both Small Cap Value Equities funds. TSCV is actively managed, while ISVL is passively managed. A 0.62 correlation means they provide meaningful diversification when combined. TSCV charges 0.60%/yr vs 0.30%/yr for ISVL.

Performance

TSCV vs. ISVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Small Cap Value ETF (TSCV) and iShares International Developed Small Cap Value Factor ETF (ISVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSCV achieves a 15.89% return, which is significantly higher than ISVL's 8.45% return.

TSCV

• 1D: -0.29%
• 1M: 1.16%
• YTD: 15.89%
• 6M: 14.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ISVL

• 1D: -1.11%
• 1M: 2.16%
• YTD: 8.45%
• 6M: 12.58%
• 1Y: 28.37%
• 3Y*: 21.34%
• 5Y*: 10.07%
• 10Y*: —

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

TSCV vs. ISVL - Yearly Performance Comparison

	2026 (YTD)	2025
TSCV Thrivent Small Cap Value ETF	15.89%	6.24%
ISVL iShares International Developed Small Cap Value Factor ETF	8.45%	8.05%

Correlation

The correlation between TSCV and ISVL is 0.62, 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 Nov 18, 2025	0.62

Return for Risk

TSCV vs. ISVL — Risk / Return Rank

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

ISVL

ISVL Risk / Return Rank: 54
ISVL Sharpe Ratio Rank: 57
ISVL Sortino Ratio Rank: 57
ISVL Omega Ratio Rank: 58
ISVL Calmar Ratio Rank: 46
ISVL Martin Ratio Rank: 52

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.

TSCV vs. ISVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Value ETF (TSCV) 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.

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

Sharpe Ratios by Period

	TSCV	ISVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.98	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	0.70	+2.14

Drawdowns

TSCV vs. ISVL - Drawdown Comparison

The maximum TSCV drawdown since its inception was -10.17%, smaller than the maximum ISVL drawdown of -30.48%. Use the drawdown chart below to compare losses from any high point for TSCV and ISVL.

Drawdown Indicators

	TSCV	ISVL	Difference
Max Drawdown Largest peak-to-trough decline	-10.17%	-30.48%	+20.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.48%	—
Current Drawdown Current decline from peak	-0.70%	-2.16%	+1.46%
Average Drawdown Average peak-to-trough decline	-2.11%	-6.66%	+4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.18%	—

Volatility

Volatility by Period

	TSCV	ISVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	14.47%	+2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	16.90%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	16.78%	+0.02%

TSCV vs. ISVL - Expense Ratio Comparison

TSCV has a 0.60% expense ratio, which is higher than ISVL's 0.30% expense ratio.

Dividends

TSCV vs. ISVL - Dividend Comparison

TSCV's dividend yield for the trailing twelve months is around 0.24%, less than ISVL's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021
ISVL iShares International Developed Small Cap Value Factor ETF	2.48%	2.69%	3.92%	3.82%	3.37%	2.82%
TSCV Thrivent Small Cap Value ETF	0.24%	0.28%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSCV and ISVL in my portfolio?

TSCV and ISVL have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSCV or ISVL?

On fees, ISVL is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSCV or ISVL?

ISVL is cheaper with a 0.30% expense ratio, compared with 0.60% for TSCV.

Which ETF pays a higher dividend yield, TSCV or ISVL?

ISVL has the higher dividend yield at 2.48%, compared with 0.24% for TSCV.

What is the main difference between TSCV and ISVL?

They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.60% for TSCV and 0.30% for ISVL.