Correlation
The correlation between IVOV and VO is 0.78, 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.
IVOV vs. VO
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and Vanguard Mid-Cap ETF (VO).
IVOV and VO 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. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. Both IVOV and VO 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 VO.
Performance
IVOV vs. VO - Performance Comparison
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Key characteristics
IVOV:
0.26
VO:
0.61
IVOV:
0.37
VO:
0.83
IVOV:
1.05
VO:
1.11
IVOV:
0.14
VO:
0.49
IVOV:
0.45
VO:
1.77
IVOV:
7.11%
VO:
5.26%
IVOV:
21.41%
VO:
18.38%
IVOV:
-45.99%
VO:
-58.88%
IVOV:
-11.62%
VO:
-5.56%
Returns By Period
In the year-to-date period, IVOV achieves a -4.58% return, which is significantly lower than VO's 1.35% return. Over the past 10 years, IVOV has underperformed VO with an annualized return of 8.13%, while VO has yielded a comparatively higher 9.21% annualized return.
IVOV
-4.58%
3.38%
-10.33%
4.81%
8.09%
15.63%
8.13%
VO
1.35%
4.91%
-4.63%
10.22%
10.65%
13.28%
9.21%
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IVOV vs. VO - Expense Ratio Comparison
IVOV has a 0.15% expense ratio, which is higher than VO's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IVOV vs. VO — Risk-Adjusted Performance Rank
IVOV
VO
IVOV vs. VO - 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 Mid-Cap ETF (VO). 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.
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Dividends
IVOV vs. VO - Dividend Comparison
IVOV's dividend yield for the trailing twelve months is around 1.83%, more than VO's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOV Vanguard S&P Mid-Cap 400 Value ETF | 1.83% | 1.74% | 1.52% | 1.97% | 1.78% | 2.42% | 1.75% | 1.87% | 1.55% | 1.36% | 1.66% | 1.47% |
VO Vanguard Mid-Cap ETF | 1.55% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% |
Drawdowns
IVOV vs. VO - Drawdown Comparison
The maximum IVOV drawdown since its inception was -45.99%, smaller than the maximum VO drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for IVOV and VO.
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Volatility
IVOV vs. VO - Volatility Comparison
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) has a higher volatility of 5.46% compared to Vanguard Mid-Cap ETF (VO) at 4.11%. This indicates that IVOV's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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