IVOV vs. VIOV
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).
IVOV and VIOV 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. VIOV is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 Value Index. It was launched on Sep 7, 2010. Both IVOV and VIOV 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 VIOV.
Performance
IVOV vs. VIOV - Performance Comparison
Returns By Period
In the year-to-date period, IVOV achieves a 16.74% return, which is significantly higher than VIOV's 11.86% return. Over the past 10 years, IVOV has outperformed VIOV with an annualized return of 9.58%, while VIOV has yielded a comparatively lower 8.74% annualized return.
IVOV
16.74%
5.19%
15.86%
29.70%
12.03%
9.58%
VIOV
11.86%
6.59%
16.19%
28.13%
10.01%
8.74%
Key characteristics
| IVOV | VIOV | |
|---|---|---|
| Sharpe Ratio | 1.86 | 1.36 |
| Sortino Ratio | 2.66 | 2.05 |
| Omega Ratio | 1.33 | 1.25 |
| Calmar Ratio | 3.04 | 1.86 |
| Martin Ratio | 10.29 | 6.10 |
| Ulcer Index | 2.96% | 4.70% |
| Daily Std Dev | 16.35% | 21.03% |
| Max Drawdown | -45.99% | -47.36% |
| Current Drawdown | -0.99% | -3.03% |
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IVOV vs. VIOV - Expense Ratio Comparison
Both IVOV and VIOV 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 VIOV is 0.88, 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. VIOV - 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 Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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. VIOV - Dividend Comparison
IVOV's dividend yield for the trailing twelve months is around 1.31%, less than VIOV's 2.19% 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% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 2.19% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% | 1.27% | 0.91% |
Drawdowns
IVOV vs. VIOV - Drawdown Comparison
The maximum IVOV drawdown since its inception was -45.99%, roughly equal to the maximum VIOV drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for IVOV and VIOV. For additional features, visit the drawdowns tool.
Volatility
IVOV vs. VIOV - Volatility Comparison
The current volatility for Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is 5.76%, while Vanguard S&P Small-Cap 600 Value ETF (VIOV) has a volatility of 7.51%. This indicates that IVOV experiences smaller price fluctuations and is considered to be less risky than VIOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.