- ISIN
- US9219328443
- CUSIP
- 921932844
- Issuer
- Vanguard
- Inception Date
- Sep 7, 2010
- Region
- North America (U.S.)
- Category
- Mid Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P MidCap 400 Value Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $1B
Share Price Chart
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Performance
IVOV Performance Chart
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is up 11.1% since the beginning of the year. IVOV is currently trading at $112 per share. Investors who bought $1,000 worth of IVOV shares 5 years ago would now be looking at an investment worth $1,519.
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Returns By Period
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) has returned 11.06% so far this year and 22.35% over the past 12 months. Over the last ten years, IVOV has returned 10.90% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard S&P Mid-Cap 400 Value ETF
- 1D
- 0.18%
- 1M
- 3.35%
- YTD
- 11.06%
- 6M
- 9.05%
- 1Y
- 22.35%
- 3Y*
- 14.47%
- 5Y*
- 8.72%
- 10Y*
- 10.90%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IVOV Monthly Returns History
Based on dividend-adjusted daily data since Sep 9, 2010, IVOV's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, an investment would double in approximately 5.5 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +16.7%, while the worst month was Mar 2020 at -24.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IVOV closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.09% | 2.36% | -5.27% | 7.46% | 0.04% | 2.35% | 11.06% | ||||||
| 2025 | 3.97% | -3.08% | -4.41% | -4.56% | 4.69% | 3.81% | 0.86% | 4.70% | -0.05% | -1.43% | 3.16% | 0.35% | 7.61% |
| 2024 | -3.14% | 1.91% | 5.52% | -6.07% | 4.64% | -1.88% | 7.55% | 0.52% | 1.12% | 0.01% | 8.90% | -6.74% | 11.53% |
| 2023 | 11.45% | -2.64% | -5.50% | -1.05% | -3.59% | 9.70% | 4.30% | -3.71% | -5.76% | -5.90% | 9.57% | 10.18% | 15.38% |
| 2022 | -4.03% | 1.17% | 2.31% | -6.73% | 2.21% | -9.51% | 9.46% | -2.86% | -9.70% | 11.75% | 6.27% | -5.02% | -7.20% |
| 2021 | 1.06% | 9.69% | 7.05% | 4.58% | 1.86% | -2.78% | -0.30% | 2.49% | -3.77% | 4.51% | -2.48% | 5.96% | 30.50% |
Benchmark Metrics
Vanguard S&P Mid-Cap 400 Value ETF has an annualized alpha of -0.16%, beta of 0.97, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since September 09, 2010.
- This ETF participated in 111.21% of S&P 500 Index downside but only 104.09% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.97 and R2 of 0.68, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.16%
- Beta
- 0.97
- R²
- 0.68
- Upside Capture
- 104.09%
- Downside Capture
- 111.21%
Expense Ratio
IVOV has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
IVOV ranks 43 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVOV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.78 | -0.66 |
| Martin ratioReturn relative to average drawdown | 7.31 | 12.44 | -5.13 |
Dividends
Dividend History
Vanguard S&P Mid-Cap 400 Value ETF provided a 1.64% dividend yield over the last twelve months, with an annual payout of $1.84 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.84 | $1.84 | $1.66 | $1.33 | $1.51 | $1.50 | $1.59 | $1.14 | $0.98 | $0.94 | $0.83 | $0.74 |
Dividend yield | 1.64% | 1.82% | 1.74% | 1.52% | 1.97% | 1.78% | 2.42% | 1.75% | 1.87% | 1.55% | 1.51% | 1.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard S&P Mid-Cap 400 Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.84 | $1.84 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.66 | $1.66 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $1.33 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.51 | $1.51 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $1.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard S&P Mid-Cap 400 Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard S&P Mid-Cap 400 Value ETF was 45.99%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current Vanguard S&P Mid-Cap 400 Value ETF drawdown is 0.81%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -45.99%Mar 2020 | 2mo 6d | 8mo 16d | 10mo 22dJan 2020 - Dec 2020 |
2011 bear market2011 | -27.43%Oct 2011 | 5mo 4d | 5mo 18d | 10mo 22dMay 2011 - Mar 2012 |
Rate-hike selloffLate 2018 | -22.75%Dec 2018 | 3mo 26d | 10mo 16d | 1y 2moAug 2018 - Nov 2019 |
2025 selloff2025 | -22.61%Apr 2025 | 4mo 13d | 8mo 6d | 1y 14dNov 2024 - Dec 2025 |
2016 bear market2016 | -21.23%Jan 2016 | 7mo | 4mo 20d | 11mo 20dJun 2015 - Jun 2016 |
Drawdown Indicators
| IVOV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.99% | -56.78% | +10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -9.10% | -1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -18.90% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -22.61% | -25.43% | +2.82% |
Max Drawdown (10Y)Largest decline over 10 years | -45.99% | -33.92% | -12.07% |
Current DrawdownCurrent decline from peak | -0.81% | -1.80% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -10.71% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.03% | +1.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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