IVOO vs. DEUS

Last updated Aug 2, 2026

IVOO (Vanguard S&P Mid-Cap 400 ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both Mid Cap Blend Equities funds - IVOO tracks the S&P MidCap 400 Index while DEUS tracks the Russell 1000 Comprehensive Factor Index. Both are passively managed. Over the past 10 years, IVOO returned 10.98%/yr vs 11.33%/yr for DEUS. Their correlation of 0.90 means they have usually moved in the same direction. IVOO charges 0.07%/yr vs 0.17%/yr for DEUS.

Performance

IVOO vs. DEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Mid-Cap 400 ETF (IVOO) and Xtrackers Russell US Multifactor ETF (DEUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IVOO having a 14.58% return and DEUS slightly higher at 15.12%. Both investments have delivered pretty close results over the past 10 years, with IVOO having a 10.98% annualized return and DEUS not far ahead at 11.33%.

IVOO

• 1D: -0.08%
• 1M: -1.02%
• 6M: 10.08%
• YTD: 14.58%
• 1Y: 22.85%
• 3Y*: 12.98%
• 5Y*: 8.41%
• 10Y*: 10.98%
• ALL TIME*: 12.19%

DEUS

• 1D: -0.21%
• 1M: 1.31%
• 6M: 10.90%
• YTD: 15.12%
• 1Y: 21.03%
• 3Y*: 14.88%
• 5Y*: 9.89%
• 10Y*: 11.33%
• ALL TIME*: 11.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEUS Xtrackers Russell US Multifactor ETF	$618.40K	$852.23K	$985.08K
IVOO Vanguard S&P Mid-Cap 400 ETF	$9.28M	$9.17M	$9.84M

IVOO vs. DEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVOO Vanguard S&P Mid-Cap 400 ETF	14.58%	7.47%	13.77%	16.45%	-13.17%	24.61%	13.61%	26.18%	-11.33%	16.38%
DEUS Xtrackers Russell US Multifactor ETF	15.12%	10.41%	14.33%	14.73%	-11.18%	26.31%	8.81%	28.80%	-9.16%	20.20%

Correlation

The correlation between IVOO and DEUS is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015	0.90

The correlation between IVOO and DEUS has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

IVOO vs. DEUS - Sectors Allocation Comparison

Sectors	IVOO	DEUS
Industrials	25.4%	18.7%
Technology	17.4%	10.5%
Financial Services	13.8%	13.8%
Consumer Cyclical	10.5%	11.1%
Healthcare	8.9%	12.9%
Real Estate	7.2%	5.6%
Basic Materials	4.8%	4.1%
Energy	4.6%	5.2%
Consumer Defensive	3.2%	7.5%
Utilities	2.8%	7.4%
Communication Services	1.5%	3.2%

Return for Risk

IVOO vs. DEUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IVOO

IVOO Risk / Return Rank: 62
IVOO Sharpe Ratio Rank: 57
IVOO Sortino Ratio Rank: 60
IVOO Omega Ratio Rank: 55
IVOO Calmar Ratio Rank: 70
IVOO Martin Ratio Rank: 71

DEUS

DEUS Risk / Return Rank: 80
DEUS Sharpe Ratio Rank: 78
DEUS Sortino Ratio Rank: 81
DEUS Omega Ratio Rank: 75
DEUS Calmar Ratio Rank: 80
DEUS Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IVOO vs. DEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 ETF (IVOO) and Xtrackers Russell US Multifactor ETF (DEUS). 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.

	IVOO	DEUS	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.79	-0.45
Sortino ratio: Return per unit of downside risk	2.01	2.65	-0.64
Omega ratio: Gain probability vs. loss probability	1.24	1.31	-0.07
Calmar ratio: Return relative to maximum drawdown	2.40	2.92	-0.53
Martin ratio: Return relative to average drawdown	8.72	11.25	-2.53

IVOO vs. DEUS - Sharpe Ratio Comparison

The current IVOO Sharpe Ratio is 1.35, which is comparable to the DEUS Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of IVOO and DEUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVOO vs. DEUS - Drawdown Comparison

The maximum IVOO drawdown since its inception was -42.33%, roughly equal to the maximum DEUS drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for IVOO and DEUS.

Drawdown Indicators

	IVOO	DEUS	Difference
Max Drawdown Largest peak-to-trough decline	-42.33%	-40.47%	-1.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.81%	-6.83%	-1.98%
Max Drawdown (3Y) Largest decline over 3 years	-24.22%	-16.69%	-7.53%
Max Drawdown (5Y) Largest decline over 5 years	-24.22%	-20.89%	-3.33%
Max Drawdown (10Y) Largest decline over 10 years	-42.33%	-40.47%	-1.86%
Current Drawdown Current decline from peak	-2.33%	-1.53%	-0.80%
Average Drawdown Average peak-to-trough decline	-5.23%	-4.28%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	1.77%	+0.65%

Volatility

IVOO vs. DEUS - Volatility Comparison

Vanguard S&P Mid-Cap 400 ETF (IVOO) has a higher volatility of 3.43% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 3.09%. This indicates that IVOO's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVOO	DEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	3.09%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	8.23%	+3.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	11.17%	+4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	15.49%	+4.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.15%	17.95%	+3.20%

IVOO vs. DEUS - Expense Ratio Comparison

IVOO has a 0.07% expense ratio, which is lower than DEUS's 0.17% 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%.

Dividends

IVOO vs. DEUS - Dividend Comparison

IVOO's dividend yield for the trailing twelve months is around 1.18%, less than DEUS's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEUS Xtrackers Russell US Multifactor ETF	1.38%	1.59%	1.36%	1.49%	1.74%	1.14%	1.61%	1.65%	1.77%	1.31%	2.75%	0.00%
IVOO Vanguard S&P Mid-Cap 400 ETF	1.18%	1.35%	1.30%	1.25%	1.58%	1.14%	1.23%	1.49%	1.56%	1.22%	1.37%	1.45%

Frequently Asked Questions

Can I hold both IVOO and DEUS in my portfolio?

IVOO and DEUS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVOO or DEUS?

IVOO has higher volatility (3.43%) compared to DEUS (3.09%). In terms of maximum drawdown, IVOO dropped -42.33% vs DEUS's -40.47%.

Which ETF is better, IVOO or DEUS?

On 10-year performance, DEUS leads with 11.33% vs 10.98% for IVOO. On fees, IVOO is cheaper at 0.07% per year. On volatility, DEUS has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVOO or DEUS?

Over the 10-year period, DEUS has performed better with a 11.33% return vs 10.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVOO or DEUS?

IVOO is cheaper with a 0.07% expense ratio, compared with 0.17% for DEUS.

Which ETF pays a higher dividend yield, IVOO or DEUS?

DEUS has the higher dividend yield at 1.38%, compared with 1.18% for IVOO.

What is the main difference between IVOO and DEUS?

IVOO tracks S&P MidCap 400 Index, while DEUS tracks Russell 1000 Comprehensive Factor Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.07% for IVOO and 0.17% for DEUS.

Which has better risk-adjusted returns?

DEUS currently has the higher Sharpe Ratio (1.79 vs 1.34), 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.