IVOV vs. EQPIX

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and Fidelity Advisor Equity Income Fund Class I (EQPIX).

IVOV is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Value Index. It was launched on Sep 7, 2010. EQPIX is managed by Fidelity. It was launched on Apr 25, 1983.

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.

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	0.93%	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%

Returns By Period

IVOV

• 1D: 2.36%
• 1M: -5.27%
• YTD: 0.93%
• 6M: 2.99%
• 1Y: 12.76%
• 3Y*: 10.87%
• 5Y*: 7.13%
• 10Y*: 9.96%

EQPIX

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

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

IVOV vs. EQPIX - Expense Ratio Comparison

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

EQPIX

Fidelity Advisor Equity Income Fund Class I

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

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: 37
IVOV Sharpe Ratio Rank: 35
IVOV Sortino Ratio Rank: 38
IVOV Omega Ratio Rank: 35
IVOV Calmar Ratio Rank: 38
IVOV Martin Ratio Rank: 39

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.

	IVOV	EQPIX	Difference
Sharpe ratio Return per unit of total volatility	0.62	—	—
Sortino ratio Return per unit of downside risk	1.02	—	—
Omega ratio Gain probability vs. loss probability	1.14	—	—
Calmar ratio Return relative to maximum drawdown	0.90	—	—
Martin ratio Return relative to average drawdown	3.41	—	—
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	EQPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	—	—

Correlation

The correlation between IVOV and EQPIX is 0.82, 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.

Dividends

IVOV vs. EQPIX - Dividend Comparison

IVOV's dividend yield for the trailing twelve months is around 1.81%, less than EQPIX's 4.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVOV Vanguard S&P Mid-Cap 400 Value ETF	1.81%	1.82%	1.74%	1.52%	1.97%	1.78%	2.42%	1.75%	1.87%	1.55%	1.51%	1.66%
EQPIX Fidelity Advisor Equity Income Fund Class I	4.49%	4.49%	1.48%	4.77%	5.81%	10.67%	2.31%	7.87%	16.21%	9.88%	3.18%	10.56%

Drawdowns

Drawdown Indicators

	IVOV	EQPIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.99%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	—	—
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	-7.64%	—	—
Average Drawdown Average peak-to-trough decline	-5.46%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	—	—

Volatility

Volatility by Period

	IVOV	EQPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.56%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.73%	—	—