MDYV vs. VOE
Compare and contrast key facts about SPDR S&P 400 Mid Cap Value ETF (MDYV) and Vanguard Mid-Cap Value ETF (VOE).
MDYV and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both MDYV and VOE 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 VOE.
Key characteristics
| MDYV | VOE | |
|---|---|---|
| YTD Return | 15.15% | 19.20% |
| 1Y Return | 28.23% | 29.58% |
| 3Y Return (Ann) | 6.59% | 6.55% |
| 5Y Return (Ann) | 11.51% | 10.46% |
| 10Y Return (Ann) | 9.59% | 9.26% |
| Sharpe Ratio | 1.79 | 2.56 |
| Sortino Ratio | 2.56 | 3.56 |
| Omega Ratio | 1.32 | 1.45 |
| Calmar Ratio | 2.66 | 3.18 |
| Martin Ratio | 10.08 | 15.63 |
| Ulcer Index | 2.90% | 1.92% |
| Daily Std Dev | 16.36% | 11.72% |
| Max Drawdown | -60.70% | -61.55% |
| Current Drawdown | -2.34% | -1.53% |
Correlation
The correlation between MDYV and VOE is 0.86, 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. VOE - Performance Comparison
In the year-to-date period, MDYV achieves a 15.15% return, which is significantly lower than VOE's 19.20% return. Both investments have delivered pretty close results over the past 10 years, with MDYV having a 9.59% annualized return and VOE not far behind at 9.26%. 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. VOE - Expense Ratio Comparison
MDYV has a 0.15% expense ratio, which is higher than VOE's 0.07% 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
MDYV vs. VOE - 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 Mid-Cap Value ETF (VOE). 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. VOE - Dividend Comparison
MDYV's dividend yield for the trailing twelve months is around 1.60%, less than VOE's 2.07% 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% |
VOE Vanguard Mid-Cap Value ETF | 2.07% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
MDYV vs. VOE - Drawdown Comparison
The maximum MDYV drawdown since its inception was -60.70%, roughly equal to the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for MDYV and VOE. For additional features, visit the drawdowns tool.
Volatility
MDYV vs. VOE - Volatility Comparison
SPDR S&P 400 Mid Cap Value ETF (MDYV) has a higher volatility of 5.78% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.50%. This indicates that MDYV's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.