IVOO vs. DRES

Last updated Aug 2, 2026

IVOO (Vanguard S&P Mid-Cap 400 ETF) and DRES (GMO Domestic Resilience ETF) are both Mid Cap Blend Equities funds. IVOO is passively managed, while DRES is actively managed. Their correlation of 0.84 means they have usually moved in the same direction. IVOO charges 0.07%/yr vs 0.50%/yr for DRES.

Performance

IVOO vs. DRES - Performance Comparison

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

Returns By Period

In the year-to-date period, IVOO achieves a 14.58% return, which is significantly lower than DRES's 21.60% return.

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%

DRES

• 1D: 0.30%
• 1M: 0.31%
• 6M: 12.48%
• YTD: 21.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
DRES GMO Domestic Resilience ETF	$93.72K	$76.15K	$99.36K
IVOO Vanguard S&P Mid-Cap 400 ETF	$9.28M	$9.17M	$9.84M

IVOO vs. DRES - Yearly Performance Comparison

	2026 (YTD)	2025
IVOO Vanguard S&P Mid-Cap 400 ETF	14.58%	1.67%
DRES GMO Domestic Resilience ETF	21.60%	2.50%

Correlation

The correlation between IVOO and DRES is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.84

Return for Risk

IVOO vs. DRES — 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

DRES

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. DRES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 ETF (IVOO) and GMO Domestic Resilience ETF (DRES). 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	DRES	Difference
Sharpe ratio: Return per unit of total volatility	1.35	—	—
Sortino ratio: Return per unit of downside risk	2.01	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.40	—	—
Martin ratio: Return relative to average drawdown	8.72	—	—

Drawdowns

IVOO vs. DRES - Drawdown Comparison

The maximum IVOO drawdown since its inception was -42.33%, which is greater than DRES's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for IVOO and DRES.

Drawdown Indicators

	IVOO	DRES	Difference
Max Drawdown Largest peak-to-trough decline	-42.33%	-10.41%	-31.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.22%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.33%	—	—
Current Drawdown Current decline from peak	-2.33%	-1.59%	-0.74%
Average Drawdown Average peak-to-trough decline	-5.23%	-2.14%	-3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	—	—

Volatility

Volatility by Period

	IVOO	DRES	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	18.07%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	18.07%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.15%	18.07%	+3.08%

IVOO vs. DRES - Expense Ratio Comparison

IVOO has a 0.07% expense ratio, which is lower than DRES's 0.50% expense ratio.

Dividends

IVOO vs. DRES - Dividend Comparison

IVOO's dividend yield for the trailing twelve months is around 1.18%, more than DRES's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRES GMO Domestic Resilience ETF	0.52%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 DRES in my portfolio?

IVOO and DRES have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVOO or DRES?

On fees, IVOO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVOO or DRES?

IVOO is cheaper with a 0.07% expense ratio, compared with 0.50% for DRES.

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

IVOO has the higher dividend yield at 1.18%, compared with 0.52% for DRES.

What is the main difference between IVOO and DRES?

They also come from different issuers: Vanguard and GMO. Their fees differ too: 0.07% for IVOO and 0.50% for DRES.