MSCGX vs. IVOG
Compare and contrast key facts about Mercer US Small/Mid Cap Equity Fund (MSCGX) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG).
MSCGX is managed by Mercer Funds. It was launched on Aug 15, 2005. IVOG is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Growth Index. It was launched on Sep 7, 2010.
Performance
MSCGX vs. IVOG - Performance Comparison
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MSCGX vs. IVOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MSCGX Mercer US Small/Mid Cap Equity Fund | -1.53% | 6.52% | 13.39% | 15.35% | -16.91% | 24.32% | 12.40% | 5.34% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 4.02% | 7.34% | 15.62% | 17.36% | -19.08% | 18.85% | 22.60% | 6.57% |
Returns By Period
In the year-to-date period, MSCGX achieves a -1.53% return, which is significantly lower than IVOG's 4.02% return.
MSCGX
- 1D
- -0.91%
- 1M
- -8.00%
- YTD
- -1.53%
- 6M
- 0.24%
- 1Y
- 12.30%
- 3Y*
- 9.83%
- 5Y*
- 4.94%
- 10Y*
- —
IVOG
- 1D
- 3.41%
- 1M
- -5.58%
- YTD
- 4.02%
- 6M
- 5.31%
- 1Y
- 21.96%
- 3Y*
- 13.02%
- 5Y*
- 5.74%
- 10Y*
- 10.50%
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MSCGX vs. IVOG - Expense Ratio Comparison
MSCGX has a 0.48% expense ratio, which is higher than IVOG's 0.15% expense ratio.
Return for Risk
MSCGX vs. IVOG — Risk / Return Rank
MSCGX
IVOG
MSCGX vs. IVOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer US Small/Mid Cap Equity Fund (MSCGX) 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.
| MSCGX | IVOG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 0.99 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.54 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.04 | 1.58 | -1.54 |
Martin ratioReturn relative to average drawdown | 0.12 | 6.87 | -6.75 |
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
| MSCGX | IVOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.99 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.28 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.60 | -0.28 |
Correlation
The correlation between MSCGX and IVOG 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.
Dividends
MSCGX vs. IVOG - Dividend Comparison
MSCGX's dividend yield for the trailing twelve months is around 7.83%, more than IVOG's 0.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSCGX Mercer US Small/Mid Cap Equity Fund | 7.83% | 7.71% | 10.73% | 3.77% | 8.42% | 20.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.62% | 0.64% | 0.79% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.11% | 1.04% |
Drawdowns
MSCGX vs. IVOG - Drawdown Comparison
The maximum MSCGX drawdown since its inception was -41.30%, which is greater than IVOG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for MSCGX and IVOG.
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Drawdown Indicators
| MSCGX | IVOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.30% | -39.32% | -1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -13.87% | -13.76% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -35.66% | -29.31% | -6.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.32% | — |
Current DrawdownCurrent decline from peak | -9.22% | -6.61% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -13.04% | -5.93% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 3.16% | +3.10% |
Volatility
MSCGX vs. IVOG - Volatility Comparison
The current volatility for Mercer US Small/Mid Cap Equity Fund (MSCGX) is 5.51%, while Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) has a volatility of 7.71%. This indicates that MSCGX 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.
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Volatility by Period
| MSCGX | IVOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 7.71% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 13.28% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 22.30% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.76% | 20.52% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.68% | 20.52% | +5.16% |