IVOO vs. VTWO
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 ETF (IVOO) and Vanguard Russell 2000 ETF (VTWO).
IVOO and VTWO 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. VTWO is a passively managed fund by Vanguard that tracks the performance of the Russell 2000 Index. It was launched on Sep 20, 2010. Both IVOO and VTWO 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 VTWO.
Performance
IVOO vs. VTWO - Performance Comparison
Returns By Period
In the year-to-date period, IVOO achieves a 16.69% return, which is significantly higher than VTWO's 15.02% return. Over the past 10 years, IVOO has outperformed VTWO with an annualized return of 10.01%, while VTWO has yielded a comparatively lower 8.54% annualized return.
IVOO
16.69%
0.50%
6.99%
29.34%
11.56%
10.01%
VTWO
15.02%
0.82%
10.67%
31.71%
9.14%
8.54%
Key characteristics
| IVOO | VTWO | |
|---|---|---|
| Sharpe Ratio | 1.75 | 1.41 |
| Sortino Ratio | 2.50 | 2.08 |
| Omega Ratio | 1.30 | 1.25 |
| Calmar Ratio | 2.59 | 1.18 |
| Martin Ratio | 10.10 | 7.88 |
| Ulcer Index | 2.77% | 3.77% |
| Daily Std Dev | 15.98% | 21.01% |
| Max Drawdown | -42.33% | -41.19% |
| Current Drawdown | -3.54% | -5.45% |
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IVOO vs. VTWO - Expense Ratio Comparison
Both IVOO and VTWO have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between IVOO and VTWO is 0.94, 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.
Risk-Adjusted Performance
IVOO vs. VTWO - 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 Russell 2000 ETF (VTWO). 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. VTWO - Dividend Comparison
IVOO's dividend yield for the trailing twelve months is around 1.29%, more than VTWO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.29% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% | 0.92% |
VTWO Vanguard Russell 2000 ETF | 1.24% | 1.45% | 1.48% | 1.13% | 0.92% | 1.36% | 1.41% | 1.18% | 1.27% | 1.23% | 1.12% | 1.04% |
Drawdowns
IVOO vs. VTWO - Drawdown Comparison
The maximum IVOO drawdown since its inception was -42.33%, roughly equal to the maximum VTWO drawdown of -41.19%. Use the drawdown chart below to compare losses from any high point for IVOO and VTWO. For additional features, visit the drawdowns tool.
Volatility
IVOO vs. VTWO - Volatility Comparison
The current volatility for Vanguard S&P Mid-Cap 400 ETF (IVOO) is 5.46%, while Vanguard Russell 2000 ETF (VTWO) has a volatility of 7.70%. This indicates that IVOO experiences smaller price fluctuations and is considered to be less risky than VTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.