iShares Morningstar Mid-Cap Value ETF (IMCV) Performance
IMCV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +20.7% since Dec 31, 2025
- 1 year
- +24.4% total return
- 5 years
- +10.4% a year
- 10 years
- +10.9% a year
- Since first price
- +10.0% a year since 2004
IMCV trailing returns vs SPY, QQQ, AGG
| Period | IMCV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.0% | +5.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.9% | +4.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.5% | +10.4% | +7.8% | +8.4% | −1.5% |
| YTD | +20.7% | +19.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +24.4% | +21.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +81.0%+21.9%/yr | +69.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +64.3%+10.4%/yr | +46.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +180.8%+10.9%/yr | +121.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +494.5%+12.6%/yr | +319.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +476.1%+9.2%/yr | +256.8% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJul 13, 2004 | +738.0%+10.0%/yr | +394.2% | — | — | — |
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: IMCV vs SPY
From Jul 13, 2004: IMCV grew to $83,796, SPY to $102,139.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IMCV returns by calendar year
14 of 21 full years positive. Best 2013 (+41.8%), worst 2008 (−35.7%). 2026 is year to date.
IMCV annual returns table
| Year | IMCV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +20.7% | −6.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.5% | −15.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.3% | −9.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.9% | −14.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.0% | −19.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +33.6% | −7.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −4.1% | −46.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.7% | −7.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.9% | −19.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +12.6% | −5.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +24.4% | −10.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −2.4% | −12.4% | +1.2% | +9.4% | +0.5% |
| 2014 | +11.1% | −9.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +41.8% | −5.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +16.9% | −12.1% | +16.0% | +18.1% | +3.8% |
| 2011 | −2.7% | −25.2% | +1.9% | +3.4% | +7.7% |
| 2010 | +20.5% | −18.3% | +15.1% | +19.9% | +6.4% |
| 2009 | +35.4% | −38.4% | +26.4% | +54.7% | +3.0% |
| 2008 | −35.7% | −49.9% | −36.8% | −41.7% | +7.9% |
| 2007 | −6.2% | −18.0% | +5.1% | +19.0% | +6.6% |
| 2006 | +18.4% | −7.5% | +15.8% | +7.1% | +3.9% |
| 2005 | +11.3% | −8.1% | +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.
IMCV largest drawdowns
Now 0.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | −64.7% | Mar 9, 2009 | Dec 18, 2012 | 1.8 years | 5.5 years |
| Jan 17, 2020 | −46.3% | Mar 23, 2020 | Jan 14, 2021 | 2 months | 12 months |
| Apr 20, 2022 | −19.9% | Sep 30, 2022 | Dec 26, 2023 | 5 months | 1.7 years |
| Jan 26, 2018 | −19.6% | Dec 24, 2018 | Sep 12, 2019 | 11 months | 1.6 years |
| Nov 29, 2024 | −18.6% | Apr 8, 2025 | Aug 22, 2025 | 4 months | 9 months |
| May 21, 2015 | −16.5% | Jan 25, 2016 | Apr 19, 2016 | 8 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.
IMCV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2004 |
|---|---|---|---|---|
| Annualized return | +17.5% | +10.2% | +10.0% | +9.8% |
| Volatility (annualized) | 13.5% | 16.7% | 18.3% | 17.6% |
| Sharpe ratio | 0.94 | 0.45 | 0.49 | — |
| Sortino ratio | 1.57 | 0.70 | 0.71 | — |
| Best month | +9.4% | +10.2% | +16.0% | +19.0% |
| Worst month | −7.7% | −11.1% | −23.8% | −23.8% |
| Best 12 months | +33.5% | +33.5% | +76.7% | +83.4% |
| Worst 12 months | +3.5% | −10.1% | −28.9% | −47.9% |
| Positive months | 69% | 62% | 64% | 65% |
| Beta vs S&P 500 | 0.76 | 0.87 | 1.02 | — |
| Correlation with S&P 500 | 0.70 | 0.82 | 0.85 | — |
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.
IMCV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 256 | −47.9% | +11.8% | +83.4% | 77% |
| 3-year (a year) | 232 | −19.7% | +10.3% | +32.0% | 85% |
| 5-year (a year) | 208 | −2.3% | +9.3% | +28.9% | 95% |
| 10-year (a year) | 148 | +6.3% | +9.6% | +18.2% | 100% |
Every holding period starting at a month-end since 2004. Returns for 3 years and longer are annualized.
IMCV performance overview
iShares Morningstar Mid-Cap Value ETF (IMCV) returned +24.4% over the past year and +10.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2004 it has returned +10.0% a year, turning $10,000 into about $83,796. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −64.7%, from Jun 4, 2007 to Mar 9, 2009, and it took 3.8 years to get back to the old high. IMCV finished 14 of its 21 full calendar years with a gain; the best year was 2013 (+41.8%) and the worst 2008 (−35.7%). Volatility has been 17.6% a year.
Related: IMCV chart, IMCV holdings, IMCV dividends, IMCV valuation. See the IMCV overview for the latest quote and fund facts.
IMCV performance FAQ
What is the IMCV return over the past year?
IMCV returned +24.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 21.8%.
What is the average annual return of IMCV?
IMCV has returned +10.4% a year over 5 years, +10.9% a year over 10 years, +10.0% a year since July 13, 2004 (total return, distributions reinvested).
How much would $10,000 invested in IMCV be worth?
$10,000 invested in IMCV at its first recorded close on July 13, 2004 would be worth about $83,796 on October 23, 2026 with distributions reinvested.
What was the worst year for IMCV?
The worst calendar year was 2008, with a total return of −35.7%. The best was 2013 at +41.8%.
What is the biggest drawdown of IMCV?
The largest peak-to-trough decline was −64.7% between June 4, 2007 and March 9, 2009. It recovered to the old high on December 18, 2012, 3.8 years after the bottom.
How volatile is IMCV?
Over the past 3 years IMCV had an annualized volatility of 13.5% and a Sharpe ratio of 0.94 (excess return over 1–3 month T-bills per unit of risk).