IVOV vs. TMDV
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and ProShares Russell U.S. Dividend Growers ETF (TMDV).
IVOV and TMDV 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. TMDV is a passively managed fund by ProShares that tracks the performance of the Russell 3000 Dividend Elite Index. It was launched on Nov 5, 2019. Both IVOV and TMDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IVOV vs. TMDV - Performance Comparison
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IVOV vs. TMDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IVOV Vanguard S&P Mid-Cap 400 Value ETF | 0.93% | 7.61% | 11.53% | 15.38% | -7.20% | 30.50% | 3.70% | 3.24% |
TMDV ProShares Russell U.S. Dividend Growers ETF | 3.86% | 2.91% | 2.64% | 2.25% | -5.10% | 23.45% | 4.82% | 3.26% |
Returns By Period
In the year-to-date period, IVOV achieves a 0.93% return, which is significantly lower than TMDV's 3.86% return.
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%
TMDV
- 1D
- 0.73%
- 1M
- -6.29%
- YTD
- 3.86%
- 6M
- 3.24%
- 1Y
- 4.88%
- 3Y*
- 4.12%
- 5Y*
- 3.69%
- 10Y*
- —
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IVOV vs. TMDV - Expense Ratio Comparison
IVOV has a 0.10% expense ratio, which is lower than TMDV's 0.35% expense ratio.
Return for Risk
IVOV vs. TMDV — Risk / Return Rank
IVOV
TMDV
IVOV vs. TMDV - 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 ProShares Russell U.S. Dividend Growers ETF (TMDV). 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 | TMDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.33 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.02 | 0.59 | +0.43 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 0.56 | +0.34 |
Martin ratioReturn relative to average drawdown | 3.41 | 1.62 | +1.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IVOV | TMDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.33 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.26 | +0.11 |
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 | 0.30 | +0.25 |
Correlation
The correlation between IVOV and TMDV 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.
Dividends
IVOV vs. TMDV - Dividend Comparison
IVOV's dividend yield for the trailing twelve months is around 1.81%, less than TMDV's 2.64% 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% |
TMDV ProShares Russell U.S. Dividend Growers ETF | 2.64% | 2.65% | 2.70% | 2.45% | 2.46% | 2.14% | 2.28% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IVOV vs. TMDV - Drawdown Comparison
The maximum IVOV drawdown since its inception was -45.99%, which is greater than TMDV's maximum drawdown of -33.42%. Use the drawdown chart below to compare losses from any high point for IVOV and TMDV.
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Drawdown Indicators
| IVOV | TMDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.99% | -33.42% | -12.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -10.52% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.61% | -17.11% | -5.50% |
Max Drawdown (10Y)Largest decline over 10 years | -45.99% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -7.16% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -5.42% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 3.62% | +0.24% |
Volatility
IVOV vs. TMDV - Volatility Comparison
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) has a higher volatility of 5.32% compared to ProShares Russell U.S. Dividend Growers ETF (TMDV) at 3.78%. This indicates that IVOV's price experiences larger fluctuations and is considered to be riskier than TMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOV | TMDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 3.78% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 8.37% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.79% | 14.88% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.56% | 14.43% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 18.79% | +2.94% |