MDYV vs. IVOIX
Compare and contrast key facts about SPDR S&P 400 Mid Cap Value ETF (MDYV) and Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX).
MDYV is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Value Index. It was launched on Nov 8, 2005. IVOIX is managed by Delaware Funds. It was launched on Oct 1, 2014.
Performance
MDYV vs. IVOIX - Performance Comparison
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MDYV vs. IVOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.05% | 7.45% | 11.48% | 15.35% | -7.19% | 30.51% | 3.68% | 25.89% | -11.95% | 12.31% |
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund | -1.41% | 8.91% | 9.08% | 17.95% | -14.67% | 25.76% | 8.17% | 26.84% | -4.27% | 12.28% |
Returns By Period
In the year-to-date period, MDYV achieves a 1.05% return, which is significantly higher than IVOIX's -1.41% return. Both investments have delivered pretty close results over the past 10 years, with MDYV having a 9.95% annualized return and IVOIX not far behind at 9.61%.
MDYV
- 1D
- 2.37%
- 1M
- -5.21%
- YTD
- 1.05%
- 6M
- 3.03%
- 1Y
- 12.66%
- 3Y*
- 10.86%
- 5Y*
- 7.14%
- 10Y*
- 9.95%
IVOIX
- 1D
- -0.18%
- 1M
- -9.50%
- YTD
- -1.41%
- 6M
- -4.11%
- 1Y
- 8.25%
- 3Y*
- 9.61%
- 5Y*
- 5.94%
- 10Y*
- 9.61%
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MDYV vs. IVOIX - Expense Ratio Comparison
MDYV has a 0.15% expense ratio, which is lower than IVOIX's 0.83% expense ratio.
Return for Risk
MDYV vs. IVOIX — Risk / Return Rank
MDYV
IVOIX
MDYV vs. IVOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 Mid Cap Value ETF (MDYV) and Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX). 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.
| MDYV | IVOIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.51 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.01 | 0.86 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.12 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 0.53 | +0.37 |
Martin ratioReturn relative to average drawdown | 3.42 | 2.10 | +1.32 |
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
| MDYV | IVOIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.51 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.34 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.51 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.48 | -0.08 |
Correlation
The correlation between MDYV and IVOIX is 0.92, 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
MDYV vs. IVOIX - Dividend Comparison
MDYV's dividend yield for the trailing twelve months is around 1.86%, less than IVOIX's 15.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.86% | 1.72% | 1.89% | 1.59% | 1.90% | 1.74% | 1.69% | 1.83% | 2.28% | 2.48% | 1.83% | 4.31% |
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund | 15.95% | 15.79% | 11.69% | 5.43% | 4.44% | 3.50% | 1.75% | 2.05% | 4.31% | 1.42% | 1.10% | 2.10% |
Drawdowns
MDYV vs. IVOIX - Drawdown Comparison
The maximum MDYV drawdown since its inception was -60.71%, which is greater than IVOIX's maximum drawdown of -41.17%. Use the drawdown chart below to compare losses from any high point for MDYV and IVOIX.
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Drawdown Indicators
| MDYV | IVOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.71% | -41.17% | -19.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.55% | -13.95% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -21.87% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -45.90% | -41.17% | -4.73% |
Current DrawdownCurrent decline from peak | -7.55% | -9.50% | +1.95% |
Average DrawdownAverage peak-to-trough decline | -8.68% | -4.99% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 3.53% | +0.33% |
Volatility
MDYV vs. IVOIX - Volatility Comparison
SPDR S&P 400 Mid Cap Value ETF (MDYV) has a higher volatility of 5.35% compared to Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) at 4.59%. This indicates that MDYV's price experiences larger fluctuations and is considered to be riskier than IVOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDYV | IVOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 4.59% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 9.59% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 18.14% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 17.40% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 19.00% | +2.90% |