iShares Morningstar Value ETF (ILCV) Performance
ILCV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +16.9% since Dec 31, 2025
- 1 year
- +22.1% total return
- 5 years
- +12.5% a year
- 10 years
- +12.4% a year
- Since first price
- +8.8% a year since 2004
ILCV trailing returns vs SPY, QQQ, AGG
| Period | ILCV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.4% | +2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.8% | +6.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +12.5% | +11.6% | +7.8% | +8.4% | −1.5% |
| YTD | +16.9% | +15.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +22.1% | +20.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +83.5%+22.4%/yr | +73.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +80.3%+12.5%/yr | +62.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +221.1%+12.4%/yr | +151.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +457.0%+12.1%/yr | +279.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +365.7%+8.0%/yr | +171.4% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJul 2, 2004 | +560.3%+8.8%/yr | +263.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ILCV vs SPY
From Jul 2, 2004: ILCV grew to $66,030, SPY to $101,216.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ILCV returns by calendar year
15 of 21 full years positive. Best 2013 (+28.1%), worst 2008 (−36.0%). 2026 is year to date.
ILCV annual returns table
| Year | ILCV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +16.9% | −6.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +18.8% | −14.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.0% | −5.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.4% | −10.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.0% | −18.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.7% | −4.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −0.8% | −35.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +25.2% | −6.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −6.2% | −16.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +15.0% | −5.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +18.5% | −7.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −2.3% | −13.6% | +1.2% | +9.4% | +0.5% |
| 2014 | +9.9% | −8.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +28.1% | −5.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +12.7% | −9.1% | +16.0% | +18.1% | +3.8% |
| 2011 | +1.9% | −21.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +14.5% | −15.6% | +15.1% | +19.9% | +6.4% |
| 2009 | +11.0% | −30.6% | +26.4% | +54.7% | +3.0% |
| 2008 | −36.0% | −47.1% | −36.8% | −41.7% | +7.9% |
| 2007 | −0.7% | −14.6% | +5.1% | +19.0% | +6.6% |
| 2006 | +25.3% | −6.6% | +15.8% | +7.1% | +3.9% |
| 2005 | +6.7% | −6.7% | +4.8% | +1.6% | +2.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ILCV largest drawdowns
Now 0.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 13, 2007 | −58.6% | Mar 5, 2009 | Jul 11, 2013 | 1.6 years | 6.0 years |
| Jan 2, 2020 | −35.5% | Mar 23, 2020 | Jan 6, 2021 | 3 months | 1.0 years |
| Jan 4, 2022 | −18.6% | Sep 30, 2022 | Jul 21, 2023 | 9 months | 1.5 years |
| Jan 26, 2018 | −16.7% | Dec 24, 2018 | Jul 1, 2019 | 11 months | 1.4 years |
| Feb 19, 2025 | −14.9% | Apr 8, 2025 | Jul 2, 2025 | 48 days | 4 months |
| May 21, 2015 | −13.6% | Aug 25, 2015 | Apr 13, 2016 | 3 months | 11 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ILCV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2004 |
|---|---|---|---|---|
| Annualized return | +19.9% | +12.9% | +11.8% | +8.7% |
| Volatility (annualized) | 10.9% | 14.0% | 14.8% | 14.3% |
| Sharpe ratio | 1.33 | 0.69 | 0.68 | — |
| Sortino ratio | 2.34 | 1.10 | 1.05 | — |
| Best month | +7.4% | +10.9% | +14.2% | +14.2% |
| Worst month | −4.7% | −8.6% | −14.3% | −14.3% |
| Best 12 months | +32.1% | +32.1% | +46.1% | +46.1% |
| Worst 12 months | +8.1% | −9.2% | −15.1% | −45.7% |
| Positive months | 75% | 65% | 65% | 64% |
| Beta vs S&P 500 | 0.74 | 0.81 | 0.89 | — |
| Correlation with S&P 500 | 0.84 | 0.90 | 0.92 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ILCV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 256 | −45.7% | +12.0% | +46.1% | 80% |
| 3-year (a year) | 232 | −16.1% | +9.9% | +22.5% | 84% |
| 5-year (a year) | 208 | −5.1% | +9.6% | +19.0% | 83% |
| 10-year (a year) | 148 | +3.5% | +9.3% | +13.7% | 100% |
Every holding period starting at a month-end since 2004. Returns for 3 years and longer are annualized.
ILCV performance overview
iShares Morningstar Value ETF (ILCV) returned +22.1% over the past year and +12.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2004 it has returned +8.8% a year, turning $10,000 into about $66,030. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −58.6%, from Jul 13, 2007 to Mar 5, 2009, and it took 4.4 years to get back to the old high. ILCV finished 15 of its 21 full calendar years with a gain; the best year was 2013 (+28.1%) and the worst 2008 (−36.0%). Volatility has been 14.3% a year.
Related: ILCV chart, ILCV holdings, ILCV dividends, ILCV valuation. See the ILCV overview for the latest quote and fund facts.
ILCV performance FAQ
What is the ILCV return over the past year?
ILCV returned +22.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 20.1%.
What is the average annual return of ILCV?
ILCV has returned +12.5% a year over 5 years, +12.4% a year over 10 years, +8.8% a year since July 2, 2004 (total return, distributions reinvested).
How much would $10,000 invested in ILCV be worth?
$10,000 invested in ILCV at its first recorded close on July 2, 2004 would be worth about $66,030 on October 23, 2026 with distributions reinvested.
What was the worst year for ILCV?
The worst calendar year was 2008, with a total return of −36.0%. The best was 2013 at +28.1%.
What is the biggest drawdown of ILCV?
The largest peak-to-trough decline was −58.6% between July 13, 2007 and March 5, 2009. It recovered to the old high on July 11, 2013, 4.4 years after the bottom.
How volatile is ILCV?
Over the past 3 years ILCV had an annualized volatility of 10.9% and a Sharpe ratio of 1.33 (excess return over 1–3 month T-bills per unit of risk).