IVOV vs. CCFE

Last updated Jun 4, 2026

IVOV (Vanguard S&P Mid-Cap 400 Value ETF) and CCFE (Concourse Capital Focused Equity ETF) are both Mid Cap Value Equities funds. IVOV is passively managed, while CCFE is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. IVOV charges 0.10%/yr vs 0.95%/yr for CCFE.

Performance

IVOV vs. CCFE - Performance Comparison

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

Returns By Period

In the year-to-date period, IVOV achieves a 8.98% return, which is significantly higher than CCFE's 4.22% return.

IVOV

• 1D: -0.30%
• 1M: 1.86%
• YTD: 8.98%
• 6M: 9.21%
• 1Y: 20.80%
• 3Y*: 13.95%
• 5Y*: 7.51%
• 10Y*: 10.41%

CCFE

• 1D: -0.41%
• 1M: 1.25%
• YTD: 4.22%
• 6M: 1.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVOV vs. CCFE - Yearly Performance Comparison

	2026 (YTD)	2025
IVOV Vanguard S&P Mid-Cap 400 Value ETF	8.98%	9.36%
CCFE Concourse Capital Focused Equity ETF	4.22%	7.81%

Correlation

The correlation between IVOV and CCFE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.84

Return for Risk

IVOV vs. CCFE — Risk / Return Rank

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

IVOV

IVOV Risk / Return Rank: 39
IVOV Sharpe Ratio Rank: 38
IVOV Sortino Ratio Rank: 40
IVOV Omega Ratio Rank: 36
IVOV Calmar Ratio Rank: 40
IVOV Martin Ratio Rank: 42

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.

IVOV vs. CCFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and Concourse Capital Focused Equity ETF (CCFE). 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.

	IVOV	CCFE	Difference
Sharpe ratio Return per unit of total volatility	1.37	—	—
Sortino ratio Return per unit of downside risk	2.08	—	—
Omega ratio Gain probability vs. loss probability	1.24	—	—
Calmar ratio Return relative to maximum drawdown	1.97	—	—
Martin ratio Return relative to average drawdown	6.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IVOV	CCFE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.53	+0.05

Drawdowns

IVOV vs. CCFE - Drawdown Comparison

The maximum IVOV drawdown since its inception was -45.99%, which is greater than CCFE's maximum drawdown of -21.15%. Use the drawdown chart below to compare losses from any high point for IVOV and CCFE.

Drawdown Indicators

	IVOV	CCFE	Difference
Max Drawdown Largest peak-to-trough decline	-45.99%	-21.15%	-24.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.58%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.99%	—	—
Current Drawdown Current decline from peak	-0.31%	-12.92%	+12.61%
Average Drawdown Average peak-to-trough decline	-5.43%	-6.44%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	—	—

Volatility

Volatility by Period

	IVOV	CCFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.27%	24.40%	-9.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	24.40%	-4.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.73%	24.40%	-2.67%

IVOV vs. CCFE - Expense Ratio Comparison

IVOV has a 0.10% expense ratio, which is lower than CCFE's 0.95% expense ratio.

Dividends

IVOV vs. CCFE - Dividend Comparison

IVOV's dividend yield for the trailing twelve months is around 1.67%, more than CCFE's 0.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCFE Concourse Capital Focused Equity ETF	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IVOV Vanguard S&P Mid-Cap 400 Value ETF	1.67%	1.82%	1.74%	1.52%	1.97%	1.78%	2.42%	1.75%	1.87%	1.55%	1.51%	1.66%

Frequently Asked Questions

Can I hold both IVOV and CCFE in my portfolio?

IVOV and CCFE 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, IVOV or CCFE?

On fees, IVOV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVOV or CCFE?

IVOV is cheaper with a 0.10% expense ratio, compared with 0.95% for CCFE.

Which ETF pays a higher dividend yield, IVOV or CCFE?

IVOV has the higher dividend yield at 1.67%, compared with 0.02% for CCFE.

What is the main difference between IVOV and CCFE?

They also come from different issuers: Vanguard and Concourse Capital. Their fees differ too: 0.10% for IVOV and 0.95% for CCFE.