IVOO vs. VTV

Last updated Jun 3, 2026

IVOO (Vanguard S&P Mid-Cap 400 ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - IVOO is a Small Cap Growth Equities fund tracking the S&P MidCap 400 Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, IVOO returned 11.22%/yr vs 12.48%/yr for VTV. Their correlation of 0.86 suggests significant overlap in exposure. IVOO charges 0.10%/yr vs 0.04%/yr for VTV.

Performance

IVOO vs. VTV - Performance Comparison

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

Returns By Period

In the year-to-date period, IVOO achieves a 14.15% return, which is significantly higher than VTV's 12.28% return. Over the past 10 years, IVOO has underperformed VTV with an annualized return of 11.22%, while VTV has yielded a comparatively higher 12.48% annualized return.

IVOO

• 1D: 0.86%
• 1M: 3.31%
• YTD: 14.15%
• 6M: 15.23%
• 1Y: 27.06%
• 3Y*: 16.07%
• 5Y*: 8.27%
• 10Y*: 11.22%

VTV

• 1D: 0.88%
• 1M: 3.55%
• YTD: 12.28%
• 6M: 14.14%
• 1Y: 26.90%
• 3Y*: 18.27%
• 5Y*: 11.31%
• 10Y*: 12.48%

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

IVOO vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVOO Vanguard S&P Mid-Cap 400 ETF	14.15%	7.47%	13.77%	16.45%	-13.17%	24.61%	13.61%	26.18%	-11.33%	16.38%
VTV Vanguard Value ETF	12.28%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between IVOO and VTV is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010	0.86

The correlation between IVOO and VTV has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

IVOO vs. VTV - Sectors Allocation Comparison

Sectors	IVOO	VTV
Industrials	25.1%	14.0%
Technology	15.7%	13.4%
Financial Services	14.4%	22.3%
Consumer Cyclical	10.7%	4.0%
Healthcare	8.6%	14.5%
Real Estate	7.5%	2.8%
Energy	5.5%	8.1%
Basic Materials	4.8%	3.1%
Consumer Defensive	3.8%	9.4%
Utilities	3.1%	5.2%
Communication Services	1.0%	3.3%

Return for Risk

IVOO vs. VTV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVOO

IVOO Risk / Return Rank: 54
IVOO Sharpe Ratio Rank: 50
IVOO Sortino Ratio Rank: 52
IVOO Omega Ratio Rank: 48
IVOO Calmar Ratio Rank: 61
IVOO Martin Ratio Rank: 62

VTV

VTV Risk / Return Rank: 81
VTV Sharpe Ratio Rank: 81
VTV Sortino Ratio Rank: 84
VTV Omega Ratio Rank: 79
VTV Calmar Ratio Rank: 81
VTV Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVOO vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 ETF (IVOO) and Vanguard Value ETF (VTV). 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.

	IVOO	VTV	Difference
Sharpe ratio Return per unit of total volatility	1.75	2.67	-0.93
Sortino ratio Return per unit of downside risk	2.54	3.82	-1.28
Omega ratio Gain probability vs. loss probability	1.31	1.48	-0.17
Calmar ratio Return relative to maximum drawdown	3.06	4.27	-1.21
Martin ratio Return relative to average drawdown	11.19	16.15	-4.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVOO vs. VTV - Sharpe Ratio Comparison

The current IVOO Sharpe Ratio is 1.75, which is lower than the VTV Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of IVOO and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IVOO	VTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	2.67	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.82	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.75	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.51	+0.10

Drawdowns

IVOO vs. VTV - Drawdown Comparison

The maximum IVOO drawdown since its inception was -42.33%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for IVOO and VTV.

Drawdown Indicators

	IVOO	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-42.33%	-59.27%	+16.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.81%	-6.35%	-2.46%
Max Drawdown (3Y) Largest decline over 3 years	-24.22%	-14.52%	-9.70%
Max Drawdown (5Y) Largest decline over 5 years	-24.22%	-17.04%	-7.18%
Max Drawdown (10Y) Largest decline over 10 years	-42.33%	-36.78%	-5.55%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.27%	-7.87%	+2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	1.68%	+0.73%

Volatility

IVOO vs. VTV - Volatility Comparison

Vanguard S&P Mid-Cap 400 ETF (IVOO) has a higher volatility of 4.46% compared to Vanguard Value ETF (VTV) at 2.65%. This indicates that IVOO's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVOO	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	2.65%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	7.59%	+3.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	10.11%	+5.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	13.88%	+5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	16.67%	+4.53%

IVOO vs. VTV - Expense Ratio Comparison

IVOO has a 0.10% expense ratio, which is higher than VTV's 0.04% 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

IVOO vs. VTV - Dividend Comparison

IVOO's dividend yield for the trailing twelve months is around 1.19%, less than VTV's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVOO Vanguard S&P Mid-Cap 400 ETF	1.19%	1.35%	1.30%	1.25%	1.58%	1.14%	1.23%	1.49%	1.56%	1.22%	1.37%	1.45%
VTV Vanguard Value ETF	1.86%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both IVOO and VTV in my portfolio?

IVOO and VTV have a correlation of 0.83, 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 VTV?

IVOO has higher volatility (4.46%) compared to VTV (2.65%). In terms of maximum drawdown, IVOO dropped -42.33% vs VTV's -59.27%.

Which ETF is better, IVOO or VTV?

On 10-year performance, VTV leads with 12.48% vs 11.22% for IVOO. On fees, VTV is cheaper at 0.04% per year. On volatility, VTV has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVOO or VTV?

Over the 10-year period, VTV has performed better with a 12.48% return vs 11.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVOO or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.10% for IVOO.

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

VTV has the higher dividend yield at 1.86%, compared with 1.19% for IVOO.

What is the main difference between IVOO and VTV?

IVOO is categorized as Small Cap Growth Equities, while VTV is Large Cap Value Equities. IVOO tracks S&P MidCap 400 Index, while VTV tracks CRSP US Large Cap Value Index. Their fees differ too: 0.10% for IVOO and 0.04% for VTV.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.67 vs 1.75), 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.