IMCB vs. VO
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCB) and Vanguard Mid-Cap ETF (VO).
IMCB and VO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. Both IMCB and VO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IMCB vs. VO - Performance Comparison
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IMCB vs. VO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.14% | 10.25% | 15.10% | 16.37% | -16.09% | 22.81% | 13.35% | 31.49% | -11.53% | 19.70% |
VO Vanguard Mid-Cap ETF | -0.68% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Returns By Period
In the year-to-date period, IMCB achieves a 1.14% return, which is significantly higher than VO's -0.68% return. Both investments have delivered pretty close results over the past 10 years, with IMCB having a 10.27% annualized return and VO not far ahead at 10.67%.
IMCB
- 1D
- 2.52%
- 1M
- -5.47%
- YTD
- 1.14%
- 6M
- 1.17%
- 1Y
- 14.21%
- 3Y*
- 12.90%
- 5Y*
- 7.16%
- 10Y*
- 10.27%
VO
- 1D
- 2.22%
- 1M
- -5.86%
- YTD
- -0.68%
- 6M
- -1.48%
- 1Y
- 12.73%
- 3Y*
- 12.61%
- 5Y*
- 6.66%
- 10Y*
- 10.67%
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IMCB vs. VO - Expense Ratio Comparison
Both IMCB and VO have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
IMCB vs. VO — Risk / Return Rank
IMCB
VO
IMCB vs. VO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) and Vanguard Mid-Cap ETF (VO). 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.
| IMCB | VO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.73 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.12 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.05 | +0.10 |
Martin ratioReturn relative to average drawdown | 5.35 | 4.84 | +0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IMCB | VO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.73 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.38 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.57 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.48 | -0.01 |
Correlation
The correlation between IMCB and VO is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IMCB vs. VO - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.38%, less than VO's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.38% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
VO Vanguard Mid-Cap ETF | 1.51% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Drawdowns
IMCB vs. VO - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, roughly equal to the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for IMCB and VO.
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Drawdown Indicators
| IMCB | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -58.87% | +0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -12.74% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -27.57% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -39.37% | -1.62% |
Current DrawdownCurrent decline from peak | -5.73% | -6.12% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -7.91% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.76% | +0.03% |
Volatility
IMCB vs. VO - Volatility Comparison
iShares Morningstar Mid-Cap ETF (IMCB) has a higher volatility of 5.32% compared to Vanguard Mid-Cap ETF (VO) at 4.89%. This indicates that IMCB's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMCB | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 4.89% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 9.72% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 17.57% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 17.62% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 18.94% | +0.69% |