CCFE vs. IVOV

Last updated Jun 23, 2026

CCFE (Concourse Capital Focused Equity ETF) and IVOV (Vanguard S&P Mid-Cap 400 Value ETF) are both Mid Cap Value Equities funds. CCFE is actively managed, while IVOV is passively managed. Over the past year, CCFE returned 14.96% vs 22.35% for IVOV. Their correlation of 0.84 suggests significant overlap in exposure. CCFE charges 0.95%/yr vs 0.10%/yr for IVOV.

Performance

CCFE vs. IVOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Concourse Capital Focused Equity ETF (CCFE) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCFE achieves a 4.16% return, which is significantly lower than IVOV's 11.06% return.

CCFE

• 1D: -1.09%
• 1M: 2.77%
• YTD: 4.16%
• 6M: 2.24%
• 1Y: 14.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVOV

• 1D: 0.18%
• 1M: 3.35%
• YTD: 11.06%
• 6M: 9.05%
• 1Y: 22.35%
• 3Y*: 14.47%
• 5Y*: 8.72%
• 10Y*: 10.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCFE vs. IVOV - Yearly Performance Comparison

	2026 (YTD)	2025
CCFE Concourse Capital Focused Equity ETF	4.16%	6.24%
IVOV Vanguard S&P Mid-Cap 400 Value ETF	11.06%	9.32%

Correlation

The correlation between CCFE and IVOV is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.84

The correlation between CCFE and IVOV has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

Return for Risk

CCFE vs. IVOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCFE

CCFE Risk / Return Rank: 18
CCFE Sharpe Ratio Rank: 19
CCFE Sortino Ratio Rank: 20
CCFE Omega Ratio Rank: 18
CCFE Calmar Ratio Rank: 17
CCFE Martin Ratio Rank: 17

IVOV

IVOV Risk / Return Rank: 43
IVOV Sharpe Ratio Rank: 43
IVOV Sortino Ratio Rank: 45
IVOV Omega Ratio Rank: 40
IVOV Calmar Ratio Rank: 44
IVOV Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCFE vs. IVOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Concourse Capital Focused Equity ETF (CCFE) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	CCFE	IVOV	Difference
Sharpe ratio: Return per unit of total volatility	0.61	1.47	-0.85
Sortino ratio: Return per unit of downside risk	1.07	2.20	-1.13
Omega ratio: Gain probability vs. loss probability	1.12	1.26	-0.14
Calmar ratio: Return relative to maximum drawdown	0.71	2.12	-1.41
Martin ratio: Return relative to average drawdown	1.69	7.31	-5.62

CCFE vs. IVOV - Sharpe Ratio Comparison

The current CCFE Sharpe Ratio is 0.61, which is lower than the IVOV Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of CCFE and IVOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CCFE vs. IVOV - Drawdown Comparison

The maximum CCFE drawdown since its inception was -21.15%, smaller than the maximum IVOV drawdown of -45.99%. Use the drawdown chart below to compare losses from any high point for CCFE and IVOV.

Drawdown Indicators

	CCFE	IVOV	Difference
Max Drawdown Largest peak-to-trough decline	-21.15%	-45.99%	+24.84%
Max Drawdown (1Y) Largest decline over 1 year	-21.15%	-10.58%	-10.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.99%	—
Current Drawdown Current decline from peak	-12.96%	-0.81%	-12.15%
Average Drawdown Average peak-to-trough decline	-6.76%	-5.41%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.88%	3.06%	+5.82%

Volatility

CCFE vs. IVOV - Volatility Comparison

Concourse Capital Focused Equity ETF (CCFE) has a higher volatility of 6.37% compared to Vanguard S&P Mid-Cap 400 Value ETF (IVOV) at 3.71%. This indicates that CCFE's price experiences larger fluctuations and is considered to be riskier than IVOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCFE	IVOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	3.71%	+2.66%
Volatility (6M) Calculated over the trailing 6-month period	18.83%	10.72%	+8.11%
Volatility (1Y) Calculated over the trailing 1-year period	24.58%	15.35%	+9.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.47%	19.43%	+5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.47%	21.74%	+2.73%

CCFE vs. IVOV - Expense Ratio Comparison

CCFE has a 0.95% expense ratio, which is higher than IVOV's 0.10% expense ratio.

Dividends

CCFE vs. IVOV - Dividend Comparison

CCFE's dividend yield for the trailing twelve months is around 0.02%, less than IVOV's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCFE Concourse Capital Focused Equity ETF	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IVOV Vanguard S&P Mid-Cap 400 Value ETF	1.64%	1.82%	1.74%	1.52%	1.97%	1.78%	2.42%	1.75%	1.87%	1.55%	1.51%	1.66%

Frequently Asked Questions

Can I hold both CCFE and IVOV in my portfolio?

CCFE and IVOV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCFE or IVOV?

CCFE has higher volatility (6.37%) compared to IVOV (3.71%). In terms of maximum drawdown, CCFE dropped -21.15% vs IVOV's -45.99%.

Which ETF is better, CCFE or IVOV?

On 1-year performance, IVOV leads with 22.35% vs 14.96% for CCFE. On fees, IVOV is cheaper at 0.10% per year. On volatility, IVOV has been the lower-risk option at 3.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCFE or IVOV?

Over the 1-year period, IVOV has performed better with a 22.35% return vs 14.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCFE or IVOV?

IVOV is cheaper with a 0.10% expense ratio, compared with 0.95% for CCFE.

Which ETF pays a higher dividend yield, CCFE or IVOV?

IVOV has the higher dividend yield at 1.64%, compared with 0.02% for CCFE.

What is the main difference between CCFE and IVOV?

They also come from different issuers: Concourse Capital and Vanguard. Their fees differ too: 0.95% for CCFE and 0.10% for IVOV.

Which has better risk-adjusted returns?

IVOV currently has the higher Sharpe Ratio (1.47 vs 0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.