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IVOV vs. MDYG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

IVOV vs. MDYG - 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 SPDR S&P 400 Mid Cap Growth ETF (MDYG). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
15.86%
8.68%
IVOV
MDYG

Returns By Period

In the year-to-date period, IVOV achieves a 16.74% return, which is significantly lower than MDYG's 22.26% return. Over the past 10 years, IVOV has underperformed MDYG with an annualized return of 9.58%, while MDYG has yielded a comparatively higher 10.29% annualized return.


IVOV

YTD

16.74%

1M

5.19%

6M

15.86%

1Y

29.70%

5Y (annualized)

12.03%

10Y (annualized)

9.58%

MDYG

YTD

22.26%

1M

4.45%

6M

8.68%

1Y

31.82%

5Y (annualized)

11.93%

10Y (annualized)

10.29%

Key characteristics


IVOVMDYG
Sharpe Ratio1.861.99
Sortino Ratio2.662.76
Omega Ratio1.331.33
Calmar Ratio3.042.18
Martin Ratio10.2910.55
Ulcer Index2.96%3.09%
Daily Std Dev16.35%16.39%
Max Drawdown-45.99%-59.09%
Current Drawdown-0.99%-1.29%

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IVOV vs. MDYG - Expense Ratio Comparison

Both IVOV and MDYG have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


IVOV
Vanguard S&P Mid-Cap 400 Value ETF
Expense ratio chart for IVOV: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%
Expense ratio chart for MDYG: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.00.9

The correlation between IVOV and MDYG is 0.86, 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

IVOV vs. MDYG - Risk-Adjusted Performance Comparison

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


Sharpe ratio
The chart of Sharpe ratio for IVOV, currently valued at 1.86, compared to the broader market0.002.004.001.861.99
The chart of Sortino ratio for IVOV, currently valued at 2.66, compared to the broader market-2.000.002.004.006.008.0010.002.662.76
The chart of Omega ratio for IVOV, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.001.331.33
The chart of Calmar ratio for IVOV, currently valued at 3.04, compared to the broader market0.005.0010.0015.003.042.18
The chart of Martin ratio for IVOV, currently valued at 10.29, compared to the broader market0.0020.0040.0060.0080.00100.0010.2910.55
IVOV
MDYG

The current IVOV Sharpe Ratio is 1.86, which is comparable to the MDYG Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of IVOV and MDYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.86
1.99
IVOV
MDYG

Dividends

IVOV vs. MDYG - Dividend Comparison

IVOV's dividend yield for the trailing twelve months is around 1.31%, more than MDYG's 0.90% yield.


TTM20232022202120202019201820172016201520142013
IVOV
Vanguard S&P Mid-Cap 400 Value ETF
1.31%1.52%1.97%1.78%2.42%1.75%1.87%1.55%1.36%1.66%1.47%0.85%
MDYG
SPDR S&P 400 Mid Cap Growth ETF
0.90%1.19%1.16%0.69%0.71%1.21%1.36%2.23%1.25%2.48%1.60%0.82%

Drawdowns

IVOV vs. MDYG - Drawdown Comparison

The maximum IVOV drawdown since its inception was -45.99%, smaller than the maximum MDYG drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for IVOV and MDYG. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.99%
-1.29%
IVOV
MDYG

Volatility

IVOV vs. MDYG - Volatility Comparison

Vanguard S&P Mid-Cap 400 Value ETF (IVOV) has a higher volatility of 5.76% compared to SPDR S&P 400 Mid Cap Growth ETF (MDYG) at 5.30%. This indicates that IVOV's price experiences larger fluctuations and is considered to be riskier than MDYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.76%
5.30%
IVOV
MDYG