IVOV vs. MDYG
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and SPDR S&P 400 Mid Cap Growth ETF (MDYG).
IVOV and MDYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. MDYG is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Growth Index. It was launched on Nov 8, 2005. Both IVOV and MDYG 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: IVOV or MDYG.
Key characteristics
| IVOV | MDYG | |
|---|---|---|
| YTD Return | 10.20% | 15.97% |
| 1Y Return | 26.31% | 28.47% |
| 3Y Return (Ann) | 5.09% | 2.50% |
| 5Y Return (Ann) | 10.56% | 10.90% |
| 10Y Return (Ann) | 9.09% | 9.94% |
| Sharpe Ratio | 1.78 | 1.88 |
| Sortino Ratio | 2.55 | 2.63 |
| Omega Ratio | 1.32 | 1.32 |
| Calmar Ratio | 1.90 | 1.63 |
| Martin Ratio | 9.95 | 9.98 |
| Ulcer Index | 2.94% | 3.06% |
| Daily Std Dev | 16.32% | 16.19% |
| Max Drawdown | -45.99% | -59.09% |
| Current Drawdown | -2.47% | -2.74% |
Correlation
The correlation between IVOV and MDYG is 0.85, 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.
Performance
IVOV vs. MDYG - Performance Comparison
In the year-to-date period, IVOV achieves a 10.20% return, which is significantly lower than MDYG's 15.97% return. Over the past 10 years, IVOV has underperformed MDYG with an annualized return of 9.09%, while MDYG has yielded a comparatively higher 9.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
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.
Dividends
IVOV vs. MDYG - Dividend Comparison
IVOV's dividend yield for the trailing twelve months is around 1.38%, more than MDYG's 0.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOV Vanguard S&P Mid-Cap 400 Value ETF | 1.38% | 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 | 0.95% | 1.20% | 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.
Volatility
IVOV vs. MDYG - Volatility Comparison
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) has a higher volatility of 3.59% compared to SPDR S&P 400 Mid Cap Growth ETF (MDYG) at 3.27%. 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.