IVSX
Applied Finance IVS International SMID ETF
The Applied Finance IVS International SMID ETF aims to provide investors with capital appreciation by investing in a diversified portfolio of small to mid-sized international companies that exhibit strong fundamentals and growth potential.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 4.9 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Feb 19, 2026 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| LEOPALACE21 CORP | 1.9 % |
| EDENRED | 1.7 % |
| RELO HOLDINGS INC | 1.6 % |
| SWISSQUOTE GROUP HOLDING-REG | 1.6 % |
| ONO PHARMACEUTICAL CO LTD | 1.5 % |
| LOTTOMATICA GROUP SPA | 1.4 % |
| CASH & OTHER | 1.3 % |
| TEMENOS GROUP AG-REG | 1.1 % |
| CTS EVENTIM | 1.1 % |
| TEMP HOLDINGS CO LTD | 1.1 % |
Constituent Breakdown
| Number of holdings | 239 |
| Herfindahl-Hirschman Index | 63 |
| Wgt avg mkt cap (mns) | $4,003 |
| Large cap (>$10bn) | 0.2% |
| Mid cap ($2-10bn) | 79.1% |
| Small cap (<$2bn) | 12.4% |
| Developed mkts. | 91.6% |
| Emerging mkts. | 0.6% |
Sector Breakdown
Country Exposure
 |
JAPAN | 32.7 % |
 |
BRITAIN | 10.8 % |
 |
AUSTRALIA | 9.6 % |
 |
SWEDEN | 6.6 % |
 |
GERMANY | 5.9 % |
 |
SWITZERLAND | 5.5 % |
 |
FRANCE | 4.7 % |
 |
SPAIN | 2.8 % |
 |
ITALY | 2.4 % |
 |
NETHERLANDS | 2.4 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | 0.9% |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | 0.9% | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | 17.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.32% |
Technical Indicators
| 30d moving avg. (EMA) | $25.71 |
| Relative strength (RSI) | 51 |
| MACD/Signal | 0.02/0.01 |
| Bollinger Bands (Upper/Lower) | $26.04/$25.32 |
| Short interest (% of AUM) | 6.7% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IVSX |
Expenses vs. IVSX |
ALTAR Score™ vs. IVSX |
|---|---|---|---|---|
| IEUS | iShares MSCI Europe Small-Cap ETF | 20.3% | -34 bp | -2.6% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 17.7% | -35 bp | -2.5% |
| AVDV | Avantis International Small Cap Value ETF | 16.3% | -39 bp | -0.8% |
| SCJ | iShares MSCI Japan Small-Cap ETF | 15.0% | -25 bp | -2.2% |
| DFIS | Dimensional International Small Cap ETF | 13.6% | -36 bp | -2.4% |
| AVDS | Avantis International Small Cap Equity ETF | 13.5% | -45 bp | -2.3% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 12.8% | -36 bp | -2.1% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 12.7% | -28 bp | -2.3% |
| EWUS | iShares MSCI United Kingdom Small Cap ETF | 11.3% | -16 bp | -1.7% |
| DISV | Dimensional International Small Cap Value ETF | 11.3% | -33 bp | -0.7% |
Risk and Returns: IVSX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
9.5%
ALTAR SCORE™
96th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 746 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.6%. IVSX's ALTAR Score™ is approximately 1.8 standard
deviations above the category average. This places IVSX in the 96th percentile
among funds in the category.
Sell-Side Consensus
$30.63
PRICE TARGET
+18.5%
UPSIDE
Bid/Ask Spreads
32 bp
AVG SPREAD
15 —
658 bp
RANGE