IMCVX vs. RWK
Compare and contrast key facts about Voya Multi-Manager Mid Cap Value Fund (IMCVX) and Invesco S&P MidCap 400 Revenue ETF (RWK).
IMCVX is managed by BlackRock. It was launched on Oct 3, 2011. RWK is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Revenue-Weighted Index. It was launched on Feb 22, 2008.
Performance
IMCVX vs. RWK - Performance Comparison
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IMCVX vs. RWK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMCVX Voya Multi-Manager Mid Cap Value Fund | 2.33% | 4.09% | 10.72% | 9.44% | -11.52% | 29.40% | 2.62% | 40.50% | -15.20% | 15.06% |
RWK Invesco S&P MidCap 400 Revenue ETF | 1.75% | 10.27% | 11.94% | 23.76% | -8.19% | 34.31% | 11.06% | 28.20% | -14.65% | 13.39% |
Returns By Period
In the year-to-date period, IMCVX achieves a 2.33% return, which is significantly higher than RWK's 1.75% return. Over the past 10 years, IMCVX has underperformed RWK with an annualized return of 8.85%, while RWK has yielded a comparatively higher 11.65% annualized return.
IMCVX
- 1D
- -0.32%
- 1M
- -6.58%
- YTD
- 2.33%
- 6M
- 1.98%
- 1Y
- 8.35%
- 3Y*
- 8.79%
- 5Y*
- 5.38%
- 10Y*
- 8.85%
RWK
- 1D
- 2.65%
- 1M
- -4.67%
- YTD
- 1.75%
- 6M
- 3.23%
- 1Y
- 20.47%
- 3Y*
- 13.66%
- 5Y*
- 9.50%
- 10Y*
- 11.65%
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IMCVX vs. RWK - Expense Ratio Comparison
IMCVX has a 0.78% expense ratio, which is higher than RWK's 0.39% expense ratio.
Return for Risk
IMCVX vs. RWK — Risk / Return Rank
IMCVX
RWK
IMCVX vs. RWK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Manager Mid Cap Value Fund (IMCVX) and Invesco S&P MidCap 400 Revenue ETF (RWK). 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.
| IMCVX | RWK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.47 | 0.94 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.83 | 1.48 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.46 | -1.27 |
Martin ratioReturn relative to average drawdown | 0.70 | 5.14 | -4.45 |
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
| IMCVX | RWK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.94 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.45 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.51 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.45 | +0.16 |
Correlation
The correlation between IMCVX and RWK 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.
Dividends
IMCVX vs. RWK - Dividend Comparison
IMCVX's dividend yield for the trailing twelve months is around 9.00%, more than RWK's 1.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCVX Voya Multi-Manager Mid Cap Value Fund | 9.00% | 9.21% | 11.72% | 0.98% | 8.69% | 15.71% | 4.38% | 19.23% | 20.04% | 7.09% | 3.00% | 21.05% |
RWK Invesco S&P MidCap 400 Revenue ETF | 1.25% | 1.25% | 1.11% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.99% | 1.30% | 0.92% |
Drawdowns
IMCVX vs. RWK - Drawdown Comparison
The maximum IMCVX drawdown since its inception was -44.22%, smaller than the maximum RWK drawdown of -56.49%. Use the drawdown chart below to compare losses from any high point for IMCVX and RWK.
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Drawdown Indicators
| IMCVX | RWK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.22% | -56.49% | +12.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.46% | -14.17% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -24.58% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -44.22% | -46.20% | +1.98% |
Current DrawdownCurrent decline from peak | -6.77% | -7.69% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -7.60% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 4.01% | +0.17% |
Volatility
IMCVX vs. RWK - Volatility Comparison
The current volatility for Voya Multi-Manager Mid Cap Value Fund (IMCVX) is 3.69%, while Invesco S&P MidCap 400 Revenue ETF (RWK) has a volatility of 5.93%. This indicates that IMCVX experiences smaller price fluctuations and is considered to be less risky than RWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMCVX | RWK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 5.93% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 12.12% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 21.97% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 21.14% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 22.93% | -2.81% |