IVOV vs. VFVA
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and Vanguard U.S. Value Factor ETF (VFVA).
IVOV and VFVA 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. VFVA is an actively managed fund by Vanguard. It was launched on Feb 13, 2018.
Performance
IVOV vs. VFVA - Performance Comparison
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IVOV vs. VFVA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -10.07% |
VFVA Vanguard U.S. Value Factor ETF | 1.90% | 14.77% | 7.67% | 17.37% | -3.96% | 36.94% | 2.28% | 25.42% | -15.61% |
Returns By Period
In the year-to-date period, IVOV achieves a 0.93% return, which is significantly lower than VFVA's 1.90% 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%
VFVA
- 1D
- 1.68%
- 1M
- -4.22%
- YTD
- 1.90%
- 6M
- 6.70%
- 1Y
- 20.72%
- 3Y*
- 14.30%
- 5Y*
- 9.65%
- 10Y*
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IVOV vs. VFVA - Expense Ratio Comparison
IVOV has a 0.10% expense ratio, which is lower than VFVA's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IVOV vs. VFVA — Risk / Return Rank
IVOV
VFVA
IVOV vs. VFVA - 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 Vanguard U.S. Value Factor ETF (VFVA). 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 | VFVA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.94 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.44 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.35 | -0.46 |
Martin ratioReturn relative to average drawdown | 3.41 | 5.41 | -2.00 |
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 | VFVA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.94 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.48 | -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 | 0.39 | +0.16 |
Correlation
The correlation between IVOV and VFVA is 0.95, 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. VFVA - Dividend Comparison
IVOV's dividend yield for the trailing twelve months is around 1.81%, less than VFVA's 2.10% 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% |
VFVA Vanguard U.S. Value Factor ETF | 2.10% | 2.13% | 2.40% | 2.45% | 2.21% | 1.68% | 2.04% | 2.08% | 1.65% | 0.00% | 0.00% | 0.00% |
Drawdowns
IVOV vs. VFVA - Drawdown Comparison
The maximum IVOV drawdown since its inception was -45.99%, smaller than the maximum VFVA drawdown of -48.58%. Use the drawdown chart below to compare losses from any high point for IVOV and VFVA.
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Drawdown Indicators
| IVOV | VFVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.99% | -48.58% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -15.54% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.61% | -24.07% | +1.46% |
Max Drawdown (10Y)Largest decline over 10 years | -45.99% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -6.43% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -7.43% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 3.89% | -0.03% |
Volatility
IVOV vs. VFVA - Volatility Comparison
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) has a higher volatility of 5.32% compared to Vanguard U.S. Value Factor ETF (VFVA) at 4.34%. This indicates that IVOV's price experiences larger fluctuations and is considered to be riskier than VFVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOV | VFVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 4.34% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 11.07% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.79% | 22.24% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.56% | 20.26% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 24.51% | -2.78% |