FAMVX vs. IVOO

Last updated Jun 23, 2026

FAMVX (FAM Value Fund) and IVOO (Vanguard S&P Mid-Cap 400 ETF) are both funds - FAMVX is a Mid Cap Growth Equities fund managed by FAM, while IVOO is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. Over the past 10 years, FAMVX returned 10.52%/yr vs 11.70%/yr for IVOO. Their correlation of 0.91 suggests significant overlap in exposure. FAMVX charges 1.19%/yr vs 0.07%/yr for IVOO.

Performance

FAMVX vs. IVOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FAM Value Fund (FAMVX) and Vanguard S&P Mid-Cap 400 ETF (IVOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAMVX achieves a 6.68% return, which is significantly lower than IVOO's 15.81% return. Over the past 10 years, FAMVX has underperformed IVOO with an annualized return of 10.52%, while IVOO has yielded a comparatively higher 11.70% annualized return.

FAMVX

• 1D: 0.96%
• 1M: 4.05%
• YTD: 6.68%
• 6M: 5.28%
• 1Y: 9.95%
• 3Y*: 12.78%
• 5Y*: 7.91%
• 10Y*: 10.52%

IVOO

• 1D: 0.43%
• 1M: 3.74%
• YTD: 15.81%
• 6M: 13.38%
• 1Y: 27.53%
• 3Y*: 16.47%
• 5Y*: 8.86%
• 10Y*: 11.70%

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

FAMVX vs. IVOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAMVX FAM Value Fund	6.68%	4.90%	15.51%	16.09%	-14.06%	25.65%	6.81%	30.31%	-6.15%	17.34%
IVOO Vanguard S&P Mid-Cap 400 ETF	15.81%	7.47%	13.77%	16.45%	-13.17%	24.61%	13.61%	26.18%	-11.33%	16.38%

Correlation

The correlation between FAMVX and IVOO 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 (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.91

The correlation between FAMVX and IVOO has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

FAMVX vs. IVOO — Risk / Return Rank

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

FAMVX

FAMVX Risk / Return Rank: 10
FAMVX Sharpe Ratio Rank: 9
FAMVX Sortino Ratio Rank: 10
FAMVX Omega Ratio Rank: 9
FAMVX Calmar Ratio Rank: 12
FAMVX Martin Ratio Rank: 12

IVOO

IVOO Risk / Return Rank: 57
IVOO Sharpe Ratio Rank: 53
IVOO Sortino Ratio Rank: 54
IVOO Omega Ratio Rank: 50
IVOO Calmar Ratio Rank: 65
IVOO Martin Ratio Rank: 64

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.

FAMVX vs. IVOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FAM Value Fund (FAMVX) and Vanguard S&P Mid-Cap 400 ETF (IVOO). 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.

	FAMVX	IVOO	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.75	-1.03
Sortino ratio: Return per unit of downside risk	1.13	2.53	-1.40
Omega ratio: Gain probability vs. loss probability	1.13	1.31	-0.18
Calmar ratio: Return relative to maximum drawdown	1.05	3.14	-2.09
Martin ratio: Return relative to average drawdown	3.14	11.45	-8.31

FAMVX vs. IVOO - Sharpe Ratio Comparison

The current FAMVX Sharpe Ratio is 0.72, which is lower than the IVOO Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FAMVX and IVOO, 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

FAMVX vs. IVOO - Drawdown Comparison

The maximum FAMVX drawdown since its inception was -51.12%, which is greater than IVOO's maximum drawdown of -42.33%. Use the drawdown chart below to compare losses from any high point for FAMVX and IVOO.

Drawdown Indicators

	FAMVX	IVOO	Difference
Max Drawdown Largest peak-to-trough decline	-51.12%	-42.33%	-8.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.47%	-8.81%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-16.74%	-24.22%	+7.48%
Max Drawdown (5Y) Largest decline over 5 years	-22.77%	-24.22%	+1.45%
Max Drawdown (10Y) Largest decline over 10 years	-37.73%	-42.33%	+4.60%
Current Drawdown Current decline from peak	-0.67%	-0.12%	-0.55%
Average Drawdown Average peak-to-trough decline	-6.42%	-5.25%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.41%	+0.75%

Volatility

FAMVX vs. IVOO - Volatility Comparison

The current volatility for FAM Value Fund (FAMVX) is 4.21%, while Vanguard S&P Mid-Cap 400 ETF (IVOO) has a volatility of 4.57%. This indicates that FAMVX experiences smaller price fluctuations and is considered to be less risky than IVOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAMVX	IVOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	4.57%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	11.72%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.84%	15.88%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.19%	19.74%	-2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	21.22%	-2.99%

FAMVX vs. IVOO - Expense Ratio Comparison

FAMVX has a 1.19% expense ratio, which is higher than IVOO's 0.07% expense ratio.

Dividends

FAMVX vs. IVOO - Dividend Comparison

FAMVX's dividend yield for the trailing twelve months is around 4.60%, more than IVOO's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAMVX FAM Value Fund	4.60%	4.90%	6.28%	5.01%	3.67%	4.99%	3.69%	6.80%	4.09%	5.06%	5.21%	9.06%
IVOO Vanguard S&P Mid-Cap 400 ETF	1.17%	1.35%	1.30%	1.25%	1.58%	1.14%	1.23%	1.49%	1.56%	1.22%	1.37%	1.45%

Frequently Asked Questions

Can I hold both FAMVX and IVOO in my portfolio?

FAMVX and IVOO 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, FAMVX or IVOO?

IVOO has higher volatility (4.57%) compared to FAMVX (4.21%). In terms of maximum drawdown, FAMVX dropped -51.12% vs IVOO's -42.33%.

Which has better risk-adjusted returns?

IVOO currently has the higher Sharpe Ratio (1.75 vs 0.72), 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.