VALQ vs. ILCV

Last updated Jun 4, 2026

VALQ (American Century STOXX U.S. Quality Value ETF) and ILCV (iShares Morningstar Value ETF) are both Large Cap Value Equities funds - VALQ tracks the iSTOXX American Century USA Quality Value Index while ILCV tracks the Morningstar US Large-Mid Cap Broad Value Index. Both are passively managed. Over the past 5 years, VALQ returned 8.69%/yr vs 11.42%/yr for ILCV. Their correlation of 0.91 suggests significant overlap in exposure. VALQ charges 0.29%/yr vs 0.04%/yr for ILCV.

Performance

VALQ vs. ILCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century STOXX U.S. Quality Value ETF (VALQ) and iShares Morningstar Value ETF (ILCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VALQ achieves a 5.49% return, which is significantly lower than ILCV's 7.75% return.

VALQ

• 1D: -0.38%
• 1M: 5.64%
• YTD: 5.49%
• 6M: 6.17%
• 1Y: 16.17%
• 3Y*: 15.35%
• 5Y*: 8.69%
• 10Y*: —

ILCV

• 1D: -0.44%
• 1M: 2.76%
• YTD: 7.75%
• 6M: 7.41%
• 1Y: 26.58%
• 3Y*: 18.61%
• 5Y*: 11.42%
• 10Y*: 11.68%

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

VALQ vs. ILCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VALQ American Century STOXX U.S. Quality Value ETF	5.49%	10.58%	16.71%	13.87%	-7.73%	27.05%	0.64%	24.52%	-10.46%
ILCV iShares Morningstar Value ETF	7.75%	18.79%	17.03%	14.43%	-7.02%	26.71%	-0.84%	25.19%	-8.93%

Correlation

The correlation between VALQ and ILCV is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018	0.91

The correlation between VALQ and ILCV has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

VALQ vs. ILCV - Sectors Allocation Comparison

Sectors	VALQ	ILCV
Technology	27.0%	23.8%
Healthcare	16.6%	11.5%
Consumer Defensive	16.3%	7.6%
Industrials	12.0%	8.8%
Consumer Cyclical	9.5%	9.5%
Communication Services	7.2%	8.0%
Energy	5.3%	6.0%
Financial Services	3.7%	16.5%
Basic Materials	1.6%	2.4%
Real Estate	0.8%	2.0%
Utilities	-	3.5%

Return for Risk

VALQ vs. ILCV — Risk / Return Rank

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

VALQ

VALQ Risk / Return Rank: 41
VALQ Sharpe Ratio Rank: 42
VALQ Sortino Ratio Rank: 43
VALQ Omega Ratio Rank: 39
VALQ Calmar Ratio Rank: 42
VALQ Martin Ratio Rank: 38

ILCV

ILCV Risk / Return Rank: 82
ILCV Sharpe Ratio Rank: 82
ILCV Sortino Ratio Rank: 84
ILCV Omega Ratio Rank: 81
ILCV Calmar Ratio Rank: 79
ILCV Martin Ratio Rank: 83

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.

VALQ vs. ILCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century STOXX U.S. Quality Value ETF (VALQ) and iShares Morningstar Value ETF (ILCV). 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.

	VALQ	ILCV	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.72	-1.26
Sortino ratio: Return per unit of downside risk	2.17	3.85	-1.68
Omega ratio: Gain probability vs. loss probability	1.26	1.50	-0.24
Calmar ratio: Return relative to maximum drawdown	2.07	4.08	-2.01
Martin ratio: Return relative to average drawdown	5.87	16.87	-11.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VALQ vs. ILCV - Sharpe Ratio Comparison

The current VALQ Sharpe Ratio is 1.46, which is lower than the ILCV Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of VALQ and ILCV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VALQ	ILCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.72	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.81	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.46	+0.04

Drawdowns

VALQ vs. ILCV - Drawdown Comparison

The maximum VALQ drawdown since its inception was -38.19%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for VALQ and ILCV.

Drawdown Indicators

	VALQ	ILCV	Difference
Max Drawdown Largest peak-to-trough decline	-38.19%	-58.63%	+20.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-6.55%	-1.30%
Max Drawdown (3Y) Largest decline over 3 years	-15.62%	-14.95%	-0.67%
Max Drawdown (5Y) Largest decline over 5 years	-20.19%	-18.58%	-1.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.53%	—
Current Drawdown Current decline from peak	-0.38%	-0.60%	+0.22%
Average Drawdown Average peak-to-trough decline	-4.95%	-9.32%	+4.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	1.58%	+1.18%

Volatility

VALQ vs. ILCV - Volatility Comparison

American Century STOXX U.S. Quality Value ETF (VALQ) has a higher volatility of 2.45% compared to iShares Morningstar Value ETF (ILCV) at 2.01%. This indicates that VALQ's price experiences larger fluctuations and is considered to be riskier than ILCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VALQ	ILCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	2.01%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	7.97%	6.97%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.13%	9.82%	+1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.48%	14.21%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.66%	16.66%	+1.00%

VALQ vs. ILCV - Expense Ratio Comparison

VALQ has a 0.29% expense ratio, which is higher than ILCV's 0.04% expense ratio.

Dividends

VALQ vs. ILCV - Dividend Comparison

VALQ's dividend yield for the trailing twelve months is around 1.73%, more than ILCV's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCV iShares Morningstar Value ETF	1.63%	1.77%	1.99%	2.27%	2.32%	2.01%	2.96%	2.70%	2.93%	2.32%	2.76%	3.01%
VALQ American Century STOXX U.S. Quality Value ETF	1.73%	1.88%	1.58%	1.76%	2.71%	1.58%	2.08%	2.31%	2.35%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VALQ and ILCV in my portfolio?

VALQ and ILCV 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.

Which is riskier, VALQ or ILCV?

VALQ has higher volatility (2.45%) compared to ILCV (2.01%). In terms of maximum drawdown, VALQ dropped -38.19% vs ILCV's -58.63%.

Which ETF is better, VALQ or ILCV?

On 5-year performance, ILCV leads with 11.42% vs 8.69% for VALQ. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 2.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VALQ or ILCV?

Over the 5-year period, ILCV has performed better with a 11.42% return vs 8.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VALQ or ILCV?

ILCV is cheaper with a 0.04% expense ratio, compared with 0.29% for VALQ.

Which ETF pays a higher dividend yield, VALQ or ILCV?

VALQ has the higher dividend yield at 1.73%, compared with 1.63% for ILCV.

What is the main difference between VALQ and ILCV?

VALQ tracks iSTOXX American Century USA Quality Value Index, while ILCV tracks Morningstar US Large-Mid Cap Broad Value Index. They also come from different issuers: American Century and iShares. Their fees differ too: 0.29% for VALQ and 0.04% for ILCV.

Which has better risk-adjusted returns?

ILCV currently has the higher Sharpe Ratio (2.72 vs 1.46), 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.