IMCG vs. VO
Compare and contrast key facts about iShares Morningstar Mid-Cap Growth ETF (IMCG) and Vanguard Mid-Cap ETF (VO).
IMCG and VO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth 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 IMCG 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: IMCG or VO.
Performance
IMCG vs. VO - Performance Comparison
Returns By Period
In the year-to-date period, IMCG achieves a 23.11% return, which is significantly higher than VO's 21.87% return. Over the past 10 years, IMCG has outperformed VO with an annualized return of 12.26%, while VO has yielded a comparatively lower 10.20% annualized return.
IMCG
23.11%
6.52%
15.64%
34.18%
13.88%
12.26%
VO
21.87%
4.69%
15.49%
32.17%
11.91%
10.20%
Key characteristics
| IMCG | VO | |
|---|---|---|
| Sharpe Ratio | 2.44 | 2.65 |
| Sortino Ratio | 3.33 | 3.63 |
| Omega Ratio | 1.41 | 1.46 |
| Calmar Ratio | 1.64 | 2.20 |
| Martin Ratio | 12.70 | 15.92 |
| Ulcer Index | 2.73% | 2.06% |
| Daily Std Dev | 14.20% | 12.37% |
| Max Drawdown | -58.96% | -58.89% |
| Current Drawdown | 0.00% | 0.00% |
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IMCG vs. VO - Expense Ratio Comparison
IMCG has a 0.06% expense ratio, which is higher than VO's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IMCG and VO is 0.93, 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.
Risk-Adjusted Performance
IMCG vs. VO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap Growth ETF (IMCG) 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
IMCG vs. VO - Dividend Comparison
IMCG's dividend yield for the trailing twelve months is around 0.76%, less than VO's 1.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.76% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
VO Vanguard Mid-Cap ETF | 1.78% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.18% |
Drawdowns
IMCG vs. VO - Drawdown Comparison
The maximum IMCG drawdown since its inception was -58.96%, roughly equal to the maximum VO drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for IMCG and VO. For additional features, visit the drawdowns tool.
Volatility
IMCG vs. VO - Volatility Comparison
iShares Morningstar Mid-Cap Growth ETF (IMCG) has a higher volatility of 4.59% compared to Vanguard Mid-Cap ETF (VO) at 4.00%. This indicates that IMCG'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.