iShares Morningstar Small-Cap Value ETF (ISCV) Performance
ISCV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.8% since Dec 31, 2025
- 1 year
- +17.9% total return
- 5 years
- +7.7% a year
- 10 years
- +8.5% a year
- Since first price
- +8.7% a year since 2004
ISCV trailing returns vs SPY, QQQ, AGG
| Period | ISCV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.7% | +1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.3% | −0.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.8% | +4.8% | +7.8% | +8.4% | −1.5% |
| YTD | +14.8% | +13.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.9% | +15.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +70.1%+19.4%/yr | +59.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +45.0%+7.7%/yr | +30.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +127.1%+8.5%/yr | +81.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +334.6%+10.3%/yr | +207.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +364.4%+8.0%/yr | +192.1% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJul 6, 2004 | +547.1%+8.7%/yr | +288.5% | — | — | — |
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: ISCV vs SPY
From Jul 6, 2004: ISCV grew to $64,709, SPY to $102,111.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ISCV returns by calendar year
15 of 21 full years positive. Best 2009 (+40.1%), worst 2008 (−31.9%). 2026 is year to date.
ISCV annual returns table
| Year | ISCV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.8% | −9.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.4% | −21.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.3% | −9.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.5% | −18.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −10.6% | −20.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +29.2% | −12.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +0.9% | −48.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +19.5% | −13.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −17.4% | −25.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +8.6% | −8.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +27.8% | −12.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −8.8% | −15.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +9.9% | −10.7% | +13.5% | +19.2% | +6.0% |
| 2013 | +35.2% | −6.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +18.2% | −11.5% | +16.0% | +18.1% | +3.8% |
| 2011 | −2.1% | −26.8% | +1.9% | +3.4% | +7.7% |
| 2010 | +25.8% | −20.8% | +15.1% | +19.9% | +6.4% |
| 2009 | +40.1% | −39.6% | +26.4% | +54.7% | +3.0% |
| 2008 | −31.9% | −48.6% | −36.8% | −41.7% | +7.9% |
| 2007 | −8.3% | −19.3% | +5.1% | +19.0% | +6.6% |
| 2006 | +19.6% | −10.4% | +15.8% | +7.1% | +3.9% |
| 2005 | +4.5% | −10.3% | +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.
ISCV largest drawdowns
Now 4.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | −63.1% | Mar 9, 2009 | Dec 20, 2010 | 1.8 years | 3.5 years |
| Aug 21, 2018 | −51.6% | Mar 23, 2020 | Jan 7, 2021 | 1.6 years | 2.4 years |
| Apr 29, 2011 | −26.8% | Oct 3, 2011 | Mar 13, 2012 | 5 months | 10 months |
| Nov 25, 2024 | −25.3% | Apr 8, 2025 | Nov 26, 2025 | 4 months | 1.0 years |
| Apr 15, 2015 | −23.4% | Feb 11, 2016 | Aug 8, 2016 | 10 months | 1.3 years |
| Nov 5, 2021 | −22.1% | Sep 30, 2022 | Dec 19, 2023 | 11 months | 2.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ISCV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2004 |
|---|---|---|---|---|
| Annualized return | +15.4% | +7.9% | +7.9% | +8.7% |
| Volatility (annualized) | 17.7% | 20.1% | 22.4% | 20.7% |
| Sharpe ratio | 0.65 | 0.30 | 0.35 | — |
| Sortino ratio | 1.11 | 0.47 | 0.52 | — |
| Best month | +11.9% | +13.1% | +20.8% | +21.7% |
| Worst month | −7.6% | −10.4% | −29.4% | −29.4% |
| Best 12 months | +34.1% | +34.1% | +102.1% | +102.1% |
| Worst 12 months | −1.1% | −14.6% | −36.2% | −46.4% |
| Positive months | 64% | 57% | 62% | 63% |
| Beta vs S&P 500 | 0.99 | 1.01 | 1.20 | — |
| Correlation with S&P 500 | 0.70 | 0.79 | 0.82 | — |
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.
ISCV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 256 | −46.4% | +9.6% | +102.1% | 71% |
| 3-year (a year) | 232 | −19.7% | +8.5% | +36.6% | 84% |
| 5-year (a year) | 208 | −6.0% | +7.9% | +30.6% | 98% |
| 10-year (a year) | 148 | +3.9% | +8.4% | +17.4% | 100% |
Every holding period starting at a month-end since 2004. Returns for 3 years and longer are annualized.
ISCV performance overview
iShares Morningstar Small-Cap Value ETF (ISCV) returned +17.9% over the past year and +8.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2004 it has returned +8.7% a year, turning $10,000 into about $64,709. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −63.1%, from Jun 4, 2007 to Mar 9, 2009, and it took 1.8 years to get back to the old high. ISCV finished 15 of its 21 full calendar years with a gain; the best year was 2009 (+40.1%) and the worst 2008 (−31.9%). Volatility has been 20.7% a year.
Related: ISCV chart, ISCV dividends. See the ISCV overview for the latest quote and fund facts.
ISCV performance FAQ
What is the ISCV return over the past year?
ISCV returned +17.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 15.5%.
What is the average annual return of ISCV?
ISCV has returned +7.7% a year over 5 years, +8.5% a year over 10 years, +8.7% a year since July 6, 2004 (total return, distributions reinvested).
How much would $10,000 invested in ISCV be worth?
$10,000 invested in ISCV at its first recorded close on July 6, 2004 would be worth about $64,709 on October 23, 2026 with distributions reinvested.
What was the worst year for ISCV?
The worst calendar year was 2008, with a total return of −31.9%. The best was 2009 at +40.1%.
What is the biggest drawdown of ISCV?
The largest peak-to-trough decline was −63.1% between June 4, 2007 and March 9, 2009. It recovered to the old high on December 20, 2010, 1.8 years after the bottom.
How volatile is ISCV?
Over the past 3 years ISCV had an annualized volatility of 17.7% and a Sharpe ratio of 0.65 (excess return over 1–3 month T-bills per unit of risk).