IMCV vs. VOE
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCV) and Vanguard Mid-Cap Value ETF (VOE).
IMCV and VOE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Value 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 IMCV 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: IMCV or VOE.
Key characteristics
| IMCV | VOE | |
|---|---|---|
| YTD Return | 18.45% | 20.06% |
| 1Y Return | 34.75% | 35.04% |
| 3Y Return (Ann) | 7.53% | 6.92% |
| 5Y Return (Ann) | 10.35% | 10.74% |
| 10Y Return (Ann) | 9.40% | 9.38% |
| Sharpe Ratio | 2.71 | 2.87 |
| Sortino Ratio | 3.85 | 4.04 |
| Omega Ratio | 1.48 | 1.51 |
| Calmar Ratio | 0.34 | 2.85 |
| Martin Ratio | 17.30 | 18.07 |
| Ulcer Index | 1.99% | 1.92% |
| Daily Std Dev | 12.67% | 12.07% |
| Max Drawdown | -100.00% | -61.55% |
| Current Drawdown | -99.99% | -0.82% |
Correlation
The correlation between IMCV and VOE is 0.95, 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
IMCV vs. VOE - Performance Comparison
In the year-to-date period, IMCV achieves a 18.45% return, which is significantly lower than VOE's 20.06% return. Both investments have delivered pretty close results over the past 10 years, with IMCV having a 9.40% annualized return and VOE not far behind at 9.38%. 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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IMCV vs. VOE - Expense Ratio Comparison
IMCV has a 0.06% 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
IMCV vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCV) 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
IMCV vs. VOE - Dividend Comparison
IMCV's dividend yield for the trailing twelve months is around 2.17%, more than VOE's 2.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCV iShares Morningstar Mid-Cap ETF | 2.17% | 2.30% | 2.36% | 1.86% | 2.61% | 2.45% | 2.61% | 1.87% | 2.09% | 2.29% | 1.95% | 1.87% |
VOE Vanguard Mid-Cap Value ETF | 2.06% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
IMCV vs. VOE - Drawdown Comparison
The maximum IMCV drawdown since its inception was -100.00%, which is greater than VOE's maximum drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for IMCV and VOE. For additional features, visit the drawdowns tool.
Volatility
IMCV vs. VOE - Volatility Comparison
iShares Morningstar Mid-Cap ETF (IMCV) has a higher volatility of 3.84% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.51%. This indicates that IMCV'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.