IVOV vs. EQPIX

Last updated Jul 14, 2026

IVOV (Vanguard S&P Mid-Cap 400 Value ETF) and EQPIX (Fidelity Advisor Equity Income Fund Class I) are both funds - IVOV is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index, while EQPIX is a Large Cap Value Equities fund managed by Fidelity. Their correlation of 0.81 suggests significant overlap in exposure. IVOV charges 0.10%/yr vs 0.65%/yr for EQPIX.

Performance

IVOV vs. EQPIX - 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 Fidelity Advisor Equity Income Fund Class I (EQPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IVOV

• 1D: 0.01%
• 1M: 0.08%
• 6M: 7.21%
• YTD: 12.05%
• 1Y: 16.94%
• 3Y*: 12.31%
• 5Y*: 9.17%
• 10Y*: 10.38%

EQPIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVOV vs. EQPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVOV Vanguard S&P Mid-Cap 400 Value ETF	12.05%	7.61%	11.53%	15.38%	-7.20%	30.50%	3.70%	25.91%	-12.13%	12.22%
EQPIX Fidelity Advisor Equity Income Fund Class I	0.00%	2.86%	6.37%	11.43%	-1.10%	22.41%	1.47%	27.53%	-9.69%	11.64%

Correlation

The correlation between IVOV and EQPIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.81

The correlation between IVOV and EQPIX shifts across timeframes, from 0.68 (3 years) to 0.84 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

IVOV vs. EQPIX — Risk / Return Rank

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

IVOV

IVOV Risk / Return Rank: 40
IVOV Sharpe Ratio Rank: 39
IVOV Sortino Ratio Rank: 41
IVOV Omega Ratio Rank: 37
IVOV Calmar Ratio Rank: 39
IVOV Martin Ratio Rank: 43

EQPIX

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

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. EQPIX - 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 Fidelity Advisor Equity Income Fund Class I (EQPIX). 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.

	IVOV	EQPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.12	—	—
Sortino ratio: Return per unit of downside risk	1.74	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.61	—	—
Martin ratio: Return relative to average drawdown	5.54	—	—

Drawdowns

Drawdown Indicators

	IVOV	EQPIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.99%	—	—
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	-0.78%	—	—
Average Drawdown Average peak-to-trough decline	-5.40%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	—	—

Volatility

Volatility by Period

	IVOV	EQPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.16%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.35%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	—	—

IVOV vs. EQPIX - Expense Ratio Comparison

IVOV has a 0.10% expense ratio, which is lower than EQPIX's 0.65% expense ratio.

Dividends

IVOV vs. EQPIX - Dividend Comparison

IVOV's dividend yield for the trailing twelve months is around 1.63%, while EQPIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQPIX Fidelity Advisor Equity Income Fund Class I	0.00%	4.49%	1.48%	4.77%	5.81%	10.67%	2.31%	7.87%	16.21%	9.88%	3.18%	10.56%
IVOV Vanguard S&P Mid-Cap 400 Value ETF	1.63%	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 EQPIX in my portfolio?

IVOV and EQPIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.