IVOV vs. VT

Last updated Jun 24, 2026

IVOV (Vanguard S&P Mid-Cap 400 Value ETF) and VT (Vanguard Total World Stock ETF) are both exchange-traded funds - IVOV is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index, while VT is a Global Equities fund tracking the FTSE Global All Cap Index. Both are passively managed. Over the past 10 years, IVOV returned 10.85%/yr vs 12.96%/yr for VT. A 0.78 correlation means they provide meaningful diversification when combined. IVOV charges 0.10%/yr vs 0.06%/yr for VT.

Performance

IVOV vs. VT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and Vanguard Total World Stock ETF (VT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVOV achieves a 10.60% return, which is significantly higher than VT's 10.06% return. Over the past 10 years, IVOV has underperformed VT with an annualized return of 10.85%, while VT has yielded a comparatively higher 12.96% annualized return.

IVOV

• 1D: -0.41%
• 1M: 2.93%
• YTD: 10.60%
• 6M: 8.95%
• 1Y: 20.62%
• 3Y*: 14.32%
• 5Y*: 8.43%
• 10Y*: 10.85%

VT

• 1D: -2.05%
• 1M: -0.44%
• YTD: 10.06%
• 6M: 9.32%
• 1Y: 25.71%
• 3Y*: 19.92%
• 5Y*: 10.51%
• 10Y*: 12.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVOV vs. VT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVOV Vanguard S&P Mid-Cap 400 Value ETF	10.60%	7.61%	11.53%	15.38%	-7.20%	30.50%	3.70%	25.91%	-12.13%	12.22%
VT Vanguard Total World Stock ETF	10.06%	22.43%	16.49%	22.02%	-18.00%	18.27%	16.59%	26.81%	-9.76%	24.50%

Correlation

The correlation between IVOV and VT is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.78

The correlation between IVOV and VT shifts across timeframes, from 0.71 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

IVOV vs. VT - Sectors Allocation Comparison

Sectors	IVOV	VT
Financial Services	21.0%	15.2%
Industrials	18.5%	11.4%
Consumer Cyclical	13.9%	9.3%
Technology	10.1%	31.1%
Real Estate	9.5%	2.3%
Basic Materials	6.8%	4.1%
Energy	6.8%	3.8%
Consumer Defensive	4.9%	4.5%
Utilities	4.0%	2.4%
Healthcare	3.8%	7.9%
Communication Services	0.5%	8.0%

Return for Risk

IVOV vs. VT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVOV

IVOV Risk / Return Rank: 41
IVOV Sharpe Ratio Rank: 40
IVOV Sortino Ratio Rank: 42
IVOV Omega Ratio Rank: 37
IVOV Calmar Ratio Rank: 41
IVOV Martin Ratio Rank: 43

VT

VT Risk / Return Rank: 59
VT Sharpe Ratio Rank: 59
VT Sortino Ratio Rank: 57
VT Omega Ratio Rank: 58
VT Calmar Ratio Rank: 56
VT Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVOV vs. VT - 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 Total World Stock ETF (VT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IVOV	VT	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.91	-0.55
Sortino ratio: Return per unit of downside risk	2.05	2.62	-0.57
Omega ratio: Gain probability vs. loss probability	1.24	1.35	-0.11
Calmar ratio: Return relative to maximum drawdown	1.96	2.67	-0.71
Martin ratio: Return relative to average drawdown	6.74	11.57	-4.83

IVOV vs. VT - Sharpe Ratio Comparison

The current IVOV Sharpe Ratio is 1.35, which is comparable to the VT Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of IVOV and VT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVOV vs. VT - Drawdown Comparison

The maximum IVOV drawdown since its inception was -45.99%, smaller than the maximum VT drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for IVOV and VT.

Drawdown Indicators

	IVOV	VT	Difference
Max Drawdown Largest peak-to-trough decline	-45.99%	-50.27%	+4.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.58%	-9.67%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-22.61%	-16.51%	-6.10%
Max Drawdown (5Y) Largest decline over 5 years	-22.61%	-26.38%	+3.77%
Max Drawdown (10Y) Largest decline over 10 years	-45.99%	-34.24%	-11.75%
Current Drawdown Current decline from peak	-1.21%	-2.80%	+1.59%
Average Drawdown Average peak-to-trough decline	-5.41%	-7.00%	+1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	2.23%	+0.84%

Volatility

IVOV vs. VT - Volatility Comparison

The current volatility for Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is 3.76%, while Vanguard Total World Stock ETF (VT) has a volatility of 5.65%. This indicates that IVOV experiences smaller price fluctuations and is considered to be less risky than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVOV	VT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	5.65%	-1.89%
Volatility (6M) Calculated over the trailing 6-month period	10.73%	11.32%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	13.58%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.43%	16.19%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.70%	17.20%	+4.50%

IVOV vs. VT - Expense Ratio Comparison

IVOV has a 0.10% expense ratio, which is higher than VT's 0.06% 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%.

Dividends

IVOV vs. VT - Dividend Comparison

IVOV's dividend yield for the trailing twelve months is around 1.65%, more than VT's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVOV Vanguard S&P Mid-Cap 400 Value ETF	1.65%	1.82%	1.74%	1.52%	1.97%	1.78%	2.42%	1.75%	1.87%	1.55%	1.51%	1.66%
VT Vanguard Total World Stock ETF	1.61%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%

Frequently Asked Questions

Can I hold both IVOV and VT in my portfolio?

IVOV and VT have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVOV or VT?

VT has higher volatility (5.65%) compared to IVOV (3.76%). In terms of maximum drawdown, IVOV dropped -45.99% vs VT's -50.27%.

Which ETF is better, IVOV or VT?

On 10-year performance, VT leads with 12.96% vs 10.85% for IVOV. On fees, VT is cheaper at 0.06% per year. On volatility, IVOV has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVOV or VT?

Over the 10-year period, VT has performed better with a 12.96% return vs 10.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVOV or VT?

VT is cheaper with a 0.06% expense ratio, compared with 0.10% for IVOV.

Which ETF pays a higher dividend yield, IVOV or VT?

IVOV has the higher dividend yield at 1.65%, compared with 1.61% for VT.

What is the main difference between IVOV and VT?

IVOV is categorized as Mid Cap Value Equities, while VT is Global Equities. IVOV tracks S&P MidCap 400 Value Index, while VT tracks FTSE Global All Cap Index. Their fees differ too: 0.10% for IVOV and 0.06% for VT.

Which has better risk-adjusted returns?

VT currently has the higher Sharpe Ratio (1.91 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.