IVOV vs. SLYV
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and SPDR S&P 600 Small Cap Value ETF (SLYV).
IVOV and SLYV 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. SLYV is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Value Index. It was launched on Sep 29, 2000. Both IVOV and SLYV 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 SLYV.
Performance
IVOV vs. SLYV - Performance Comparison
Returns By Period
In the year-to-date period, IVOV achieves a 16.74% return, which is significantly higher than SLYV's 11.68% return. Over the past 10 years, IVOV has outperformed SLYV with an annualized return of 9.58%, while SLYV has yielded a comparatively lower 8.72% annualized return.
IVOV
16.74%
5.19%
15.86%
29.70%
12.03%
9.58%
SLYV
11.68%
6.49%
16.01%
27.60%
9.91%
8.72%
Key characteristics
| IVOV | SLYV | |
|---|---|---|
| Sharpe Ratio | 1.86 | 1.34 |
| Sortino Ratio | 2.66 | 2.01 |
| Omega Ratio | 1.33 | 1.24 |
| Calmar Ratio | 3.04 | 1.84 |
| Martin Ratio | 10.29 | 6.03 |
| Ulcer Index | 2.96% | 4.69% |
| Daily Std Dev | 16.35% | 21.12% |
| Max Drawdown | -45.99% | -61.32% |
| Current Drawdown | -0.99% | -3.07% |
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IVOV vs. SLYV - Expense Ratio Comparison
Both IVOV and SLYV 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%.
Correlation
The correlation between IVOV and SLYV is 0.89, 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. SLYV - 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 600 Small Cap Value ETF (SLYV). 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. SLYV - Dividend Comparison
IVOV's dividend yield for the trailing twelve months is around 1.31%, less than SLYV's 2.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SLYV SPDR S&P 600 Small Cap Value ETF | 2.13% | 2.11% | 1.47% | 1.94% | 1.40% | 1.66% | 2.14% | 5.53% | 2.18% | 6.55% | 7.50% | 1.58% |
Drawdowns
IVOV vs. SLYV - Drawdown Comparison
The maximum IVOV drawdown since its inception was -45.99%, smaller than the maximum SLYV drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for IVOV and SLYV. For additional features, visit the drawdowns tool.
Volatility
IVOV vs. SLYV - Volatility Comparison
The current volatility for Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is 5.76%, while SPDR S&P 600 Small Cap Value ETF (SLYV) has a volatility of 7.61%. This indicates that IVOV experiences smaller price fluctuations and is considered to be less risky than SLYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.