MDYV vs. VIOV
Compare and contrast key facts about SPDR S&P 400 Mid Cap Value ETF (MDYV) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).
MDYV and VIOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 MDYV 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: MDYV or VIOV.
Key characteristics
| MDYV | VIOV | |
|---|---|---|
| YTD Return | 15.15% | 11.23% |
| 1Y Return | 28.23% | 26.16% |
| 3Y Return (Ann) | 6.59% | 2.79% |
| 5Y Return (Ann) | 11.51% | 9.60% |
| 10Y Return (Ann) | 9.59% | 8.86% |
| Sharpe Ratio | 1.79 | 1.27 |
| Sortino Ratio | 2.56 | 1.91 |
| Omega Ratio | 1.32 | 1.23 |
| Calmar Ratio | 2.66 | 1.67 |
| Martin Ratio | 10.08 | 5.72 |
| Ulcer Index | 2.90% | 4.67% |
| Daily Std Dev | 16.36% | 21.11% |
| Max Drawdown | -60.70% | -47.36% |
| Current Drawdown | -2.34% | -3.57% |
Correlation
The correlation between MDYV and VIOV is 0.89, 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.
Performance
MDYV vs. VIOV - Performance Comparison
In the year-to-date period, MDYV achieves a 15.15% return, which is significantly higher than VIOV's 11.23% return. Over the past 10 years, MDYV has outperformed VIOV with an annualized return of 9.59%, while VIOV has yielded a comparatively lower 8.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MDYV vs. VIOV - Expense Ratio Comparison
Both MDYV 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%.
Risk-Adjusted Performance
MDYV vs. VIOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 Mid Cap Value ETF (MDYV) 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
MDYV vs. VIOV - Dividend Comparison
MDYV's dividend yield for the trailing twelve months is around 1.60%, less than VIOV's 2.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.60% | 1.59% | 1.90% | 1.74% | 1.70% | 1.83% | 2.28% | 2.48% | 1.83% | 4.24% | 4.05% | 1.41% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 2.21% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% | 1.27% | 0.91% |
Drawdowns
MDYV vs. VIOV - Drawdown Comparison
The maximum MDYV drawdown since its inception was -60.70%, which is greater than VIOV's maximum drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for MDYV and VIOV. For additional features, visit the drawdowns tool.
Volatility
MDYV vs. VIOV - Volatility Comparison
The current volatility for SPDR S&P 400 Mid Cap Value ETF (MDYV) is 5.78%, while Vanguard S&P Small-Cap 600 Value ETF (VIOV) has a volatility of 7.81%. This indicates that MDYV 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.