IMCB vs. VOE
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCB) and Vanguard Mid-Cap Value ETF (VOE).
IMCB and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both IMCB and VOE 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 VOE.
Key characteristics
| IMCB | VOE | |
|---|---|---|
| YTD Return | 19.95% | 20.35% |
| 1Y Return | 38.07% | 36.41% |
| 3Y Return (Ann) | 4.87% | 7.11% |
| 5Y Return (Ann) | 10.96% | 10.70% |
| 10Y Return (Ann) | 9.88% | 9.36% |
| Sharpe Ratio | 2.87 | 2.92 |
| Sortino Ratio | 4.01 | 4.11 |
| Omega Ratio | 1.50 | 1.52 |
| Calmar Ratio | 2.20 | 2.75 |
| Martin Ratio | 16.33 | 18.42 |
| Ulcer Index | 2.27% | 1.92% |
| Daily Std Dev | 12.91% | 12.09% |
| Max Drawdown | -58.80% | -61.55% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IMCB and VOE is 0.94, 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. VOE - Performance Comparison
The year-to-date returns for both investments are quite close, with IMCB having a 19.95% return and VOE slightly higher at 20.35%. Over the past 10 years, IMCB has outperformed VOE with an annualized return of 9.88%, while VOE has yielded a comparatively lower 9.36% annualized return. 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. VOE - Expense Ratio Comparison
IMCB has a 0.04% expense ratio, which is lower than VOE's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IMCB vs. VOE - 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 Value ETF (VOE). 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. VOE - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.37%, less than VOE's 2.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.37% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% | 1.40% | 1.19% |
VOE Vanguard Mid-Cap Value ETF | 2.05% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
IMCB vs. VOE - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, roughly equal to the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for IMCB and VOE. For additional features, visit the drawdowns tool.
Volatility
IMCB vs. VOE - Volatility Comparison
iShares Morningstar Mid-Cap ETF (IMCB) has a higher volatility of 3.99% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.52%. This indicates that IMCB's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.