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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMCB or VO.
Key characteristics
| IMCB | VO | |
|---|---|---|
| YTD Return | 3.82% | 3.42% |
| 1Y Return | 19.90% | 18.86% |
| 3Y Return (Ann) | 3.32% | 2.62% |
| 5Y Return (Ann) | 8.72% | 9.23% |
| 10Y Return (Ann) | 9.22% | 9.50% |
| Sharpe Ratio | 1.45 | 1.40 |
| Daily Std Dev | 13.39% | 13.10% |
| Max Drawdown | -58.80% | -58.89% |
| Current Drawdown | -4.63% | -4.53% |
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.
Performance
IMCB vs. VO - Performance Comparison
In the year-to-date period, IMCB achieves a 3.82% return, which is significantly higher than VO's 3.42% return. Both investments have delivered pretty close results over the past 10 years, with IMCB having a 9.22% annualized return and VO not far ahead at 9.50%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
IMCB vs. VO - Risk-Adjusted Performance 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.
Dividends
IMCB vs. VO - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.50%, less than VO's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.50% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% | 1.40% | 1.19% |
VO Vanguard Mid-Cap ETF | 1.56% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
IMCB vs. VO - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, roughly equal to the maximum VO drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for IMCB and VO. For additional features, visit the drawdowns tool.
Volatility
IMCB vs. VO - Volatility Comparison
iShares Morningstar Mid-Cap ETF (IMCB) and Vanguard Mid-Cap ETF (VO) have volatilities of 3.91% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.