IVOO vs. VIOV
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 ETF (IVOO) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).
IVOO and VIOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVOO is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Index. It was launched on Sep 7, 2010. VIOV is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 Value Index. It was launched on Sep 7, 2010. Both IVOO and VIOV 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: IVOO or VIOV.
Key characteristics
| IVOO | VIOV | |
|---|---|---|
| YTD Return | 3.28% | -6.29% |
| 1Y Return | 16.78% | 7.70% |
| 3Y Return (Ann) | 3.17% | -0.34% |
| 5Y Return (Ann) | 9.61% | 6.65% |
| 10Y Return (Ann) | 9.34% | 7.45% |
| Sharpe Ratio | 1.04 | 0.35 |
| Daily Std Dev | 16.08% | 21.22% |
| Max Drawdown | -42.33% | -47.36% |
| Current Drawdown | -6.00% | -9.19% |
Correlation
The correlation between IVOO and VIOV is 0.89, 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
IVOO vs. VIOV - Performance Comparison
In the year-to-date period, IVOO achieves a 3.28% return, which is significantly higher than VIOV's -6.29% return. Over the past 10 years, IVOO has outperformed VIOV with an annualized return of 9.34%, while VIOV has yielded a comparatively lower 7.45% annualized return. 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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IVOO vs. VIOV - Expense Ratio Comparison
IVOO has a 0.10% expense ratio, which is lower than VIOV's 0.15% 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
IVOO vs. VIOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 ETF (IVOO) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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
IVOO vs. VIOV - Dividend Comparison
IVOO's dividend yield for the trailing twelve months is around 1.24%, less than VIOV's 2.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.24% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% | 0.92% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 2.35% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% | 1.27% | 0.91% |
Drawdowns
IVOO vs. VIOV - Drawdown Comparison
The maximum IVOO drawdown since its inception was -42.33%, smaller than the maximum VIOV drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for IVOO and VIOV. For additional features, visit the drawdowns tool.
Volatility
IVOO vs. VIOV - Volatility Comparison
The current volatility for Vanguard S&P Mid-Cap 400 ETF (IVOO) is 4.40%, while Vanguard S&P Small-Cap 600 Value ETF (VIOV) has a volatility of 5.68%. This indicates that IVOO experiences smaller price fluctuations and is considered to be less risky than VIOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.