IVOG vs. VOOG
IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) and VOOG (Vanguard S&P 500 Growth ETF) are both exchange-traded funds - IVOG is a Mid Cap Growth Equities fund tracking the S&P MidCap 400 Growth Index, while VOOG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, IVOG returned 10.91%/yr vs 17.31%/yr for VOOG. Their correlation of 0.80 means they have usually moved in the same direction. IVOG charges 0.10%/yr vs 0.07%/yr for VOOG.
Performance
IVOG vs. VOOG - Performance Comparison
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Returns By Period
In the year-to-date period, IVOG achieves a 15.87% return, which is significantly higher than VOOG's 9.98% return. Over the past 10 years, IVOG has underperformed VOOG with an annualized return of 10.91%, while VOOG has yielded a comparatively higher 17.31% annualized return.
IVOG
- 1D
- -0.07%
- 1M
- -2.89%
- 6M
- 11.25%
- YTD
- 15.87%
- 1Y
- 22.81%
- 3Y*
- 13.84%
- 5Y*
- 7.47%
- 10Y*
- 10.91%
- ALL TIME*
- 12.22%
VOOG
- 1D
- 1.41%
- 1M
- -0.16%
- 6M
- 9.44%
- YTD
- 9.98%
- 1Y
- 21.57%
- 3Y*
- 23.95%
- 5Y*
- 13.21%
- 10Y*
- 17.31%
- ALL TIME*
- 16.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.19M | $2.83M | $3.26M | |
| $98.60M | $105.57M | $127.27M |
IVOG vs. VOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 15.87% | 7.34% | 15.62% | 17.36% | -19.08% | 18.85% | 22.60% | 26.13% | -10.58% | 19.90% |
VOOG Vanguard S&P 500 Growth ETF | 9.98% | 22.11% | 35.89% | 29.96% | -29.48% | 31.95% | 33.35% | 30.93% | -0.21% | 27.19% |
Correlation
The correlation between IVOG and VOOG is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.80 |
The correlation between IVOG and VOOG shifts across timeframes, from 0.69 (3 years) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IVOG vs. VOOG — Risk / Return Rank
IVOG
VOOG
IVOG vs. VOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) and Vanguard S&P 500 Growth ETF (VOOG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVOG | VOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.41 | +0.79 |
| Martin ratioReturn relative to average drawdown | 7.98 | 5.13 | +2.85 |
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Drawdowns
IVOG vs. VOOG - Drawdown Comparison
The maximum IVOG drawdown since its inception was -39.32%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for IVOG and VOOG.
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Drawdown Indicators
| IVOG | VOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -32.73% | -6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -13.71% | +4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -25.61% | -22.18% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -32.73% | +3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -39.32% | -32.73% | -6.59% |
Current DrawdownCurrent decline from peak | -4.80% | -4.38% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -4.96% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.77% | -1.10% |
Volatility
IVOG vs. VOOG - Volatility Comparison
The current volatility for Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) is 4.23%, while Vanguard S&P 500 Growth ETF (VOOG) has a volatility of 6.11%. This indicates that IVOG experiences smaller price fluctuations and is considered to be less risky than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOG | VOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 6.11% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 14.81% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 17.97% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 21.52% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.61% | 20.87% | -0.26% |
IVOG vs. VOOG - Expense Ratio Comparison
IVOG has a 0.10% expense ratio, which is higher than VOOG's 0.07% 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%.
Dividends
IVOG vs. VOOG - Dividend Comparison
IVOG's dividend yield for the trailing twelve months is around 0.56%, more than VOOG's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.56% | 0.64% | 0.79% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.11% | 1.04% |
VOOG Vanguard S&P 500 Growth ETF | 0.46% | 0.49% | 0.49% | 1.12% | 0.93% | 0.53% | 0.88% | 1.26% | 1.34% | 1.32% | 1.47% | 1.56% |
Frequently Asked Questions
IVOG and VOOG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOOG has higher volatility (6.11%) compared to IVOG (4.23%). In terms of maximum drawdown, IVOG dropped -39.32% vs VOOG's -32.73%.
On 10-year performance, VOOG leads with 17.31% vs 10.91% for IVOG. On fees, VOOG is cheaper at 0.07% per year. On volatility, IVOG has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOOG has performed better with a 17.31% return vs 10.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOOG is cheaper with a 0.07% expense ratio, compared with 0.10% for IVOG.
IVOG has the higher dividend yield at 0.56%, compared with 0.46% for VOOG.
IVOG is categorized as Mid Cap Growth Equities, while VOOG is S&P 500. IVOG tracks S&P MidCap 400 Growth Index, while VOOG tracks S&P 500 Growth Index. Their fees differ too: 0.10% for IVOG and 0.07% for VOOG.
IVOG currently has the higher Sharpe Ratio (1.20 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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