KMID vs. IVOG

Last updated Aug 5, 2026

KMID (Virtus KAR Mid-Cap ETF) and IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) are both Mid Cap Growth Equities funds. KMID is actively managed, while IVOG is passively managed. Over the past year, KMID returned 3.51% vs 25.62% for IVOG. Their 0.78 correlation means they have sometimes moved together and sometimes differently. KMID charges 0.80%/yr vs 0.10%/yr for IVOG.

Performance

KMID vs. IVOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus KAR Mid-Cap ETF (KMID) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KMID achieves a 5.02% return, which is significantly lower than IVOG's 20.04% return.

KMID

• 1D: 1.27%
• 1M: 1.50%
• 6M: 1.97%
• YTD: 5.02%
• 1Y: 3.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.19%

IVOG

• 1D: 2.14%
• 1M: 0.60%
• 6M: 14.36%
• YTD: 20.04%
• 1Y: 25.62%
• 3Y*: 15.77%
• 5Y*: 8.20%
• 10Y*: 11.17%
• ALL TIME*: 12.46%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVOG Vanguard S&P Mid-Cap 400 Growth ETF	$4.03M	$3.54M	$3.37M
KMID Virtus KAR Mid-Cap ETF	$368.95K	$294.28K	$236.43K

KMID vs. IVOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KMID Virtus KAR Mid-Cap ETF	5.02%	0.31%	-3.02%
IVOG Vanguard S&P Mid-Cap 400 Growth ETF	20.04%	7.34%	-2.20%

Correlation

The correlation between KMID and IVOG is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Oct 16, 2024	0.78

The correlation between KMID and IVOG has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

Return for Risk

KMID vs. IVOG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KMID

KMID Risk / Return Rank: 15
KMID Sharpe Ratio Rank: 15
KMID Sortino Ratio Rank: 14
KMID Omega Ratio Rank: 14
KMID Calmar Ratio Rank: 15
KMID Martin Ratio Rank: 16

IVOG

IVOG Risk / Return Rank: 58
IVOG Sharpe Ratio Rank: 52
IVOG Sortino Ratio Rank: 54
IVOG Omega Ratio Rank: 50
IVOG Calmar Ratio Rank: 68
IVOG Martin Ratio Rank: 69

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KMID vs. IVOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Mid-Cap ETF (KMID) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). 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.

	KMID	IVOG	Difference
Sharpe ratio: Return per unit of total volatility	0.24	1.44	-1.20
Sortino ratio: Return per unit of downside risk	0.45	2.12	-1.66
Omega ratio: Gain probability vs. loss probability	1.05	1.25	-0.20
Calmar ratio: Return relative to maximum drawdown	0.33	2.66	-2.33
Martin ratio: Return relative to average drawdown	0.95	9.58	-8.64

KMID vs. IVOG - Sharpe Ratio Comparison

The current KMID Sharpe Ratio is 0.24, which is lower than the IVOG Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of KMID and IVOG, 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

KMID vs. IVOG - Drawdown Comparison

The maximum KMID drawdown since its inception was -18.89%, smaller than the maximum IVOG drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for KMID and IVOG.

Drawdown Indicators

	KMID	IVOG	Difference
Max Drawdown Largest peak-to-trough decline	-18.89%	-39.32%	+20.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-9.69%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.32%	—
Current Drawdown Current decline from peak	-2.34%	-1.37%	-0.97%
Average Drawdown Average peak-to-trough decline	-5.62%	-5.84%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	2.68%	+1.04%

Volatility

KMID vs. IVOG - Volatility Comparison

The current volatility for Virtus KAR Mid-Cap ETF (KMID) is 3.91%, while Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) has a volatility of 4.97%. This indicates that KMID experiences smaller price fluctuations and is considered to be less risky than IVOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KMID	IVOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	4.97%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	11.64%	14.12%	-2.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	17.97%	-3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	20.73%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	20.63%	-3.89%

KMID vs. IVOG - Expense Ratio Comparison

KMID has a 0.80% expense ratio, which is higher than IVOG's 0.10% expense ratio.

Dividends

KMID vs. IVOG - Dividend Comparison

KMID's dividend yield for the trailing twelve months is around 0.11%, less than IVOG's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVOG Vanguard S&P Mid-Cap 400 Growth ETF	0.54%	0.64%	0.79%	1.15%	1.05%	0.47%	0.74%	1.17%	1.01%	0.93%	1.11%	1.04%
KMID Virtus KAR Mid-Cap ETF	0.11%	0.06%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KMID and IVOG in my portfolio?

KMID and IVOG have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KMID or IVOG?

IVOG has higher volatility (4.97%) compared to KMID (3.91%). In terms of maximum drawdown, KMID dropped -18.89% vs IVOG's -39.32%.

Which ETF is better, KMID or IVOG?

On 1-year performance, IVOG leads with 25.62% vs 3.51% for KMID. On fees, IVOG is cheaper at 0.10% per year. On volatility, KMID has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KMID or IVOG?

Over the 1-year period, IVOG has performed better with a 25.62% return vs 3.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KMID or IVOG?

IVOG is cheaper with a 0.10% expense ratio, compared with 0.80% for KMID.

Which ETF pays a higher dividend yield, KMID or IVOG?

IVOG has the higher dividend yield at 0.54%, compared with 0.11% for KMID.

What is the main difference between KMID and IVOG?

They also come from different issuers: Virtus and Vanguard. Their fees differ too: 0.80% for KMID and 0.10% for IVOG.

Which has better risk-adjusted returns?

IVOG currently has the higher Sharpe Ratio (1.44 vs 0.24), 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.