VEVFX vs. IVOV
Compare and contrast key facts about Vanguard Explorer Value Fund (VEVFX) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV).
VEVFX is managed by Vanguard. It was launched on Mar 30, 2010. IVOV is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Value Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEVFX or IVOV.
Key characteristics
| VEVFX | IVOV | |
|---|---|---|
| YTD Return | 13.01% | 10.20% |
| 1Y Return | 25.29% | 26.31% |
| 3Y Return (Ann) | 2.69% | 5.09% |
| 5Y Return (Ann) | 9.00% | 10.56% |
| 10Y Return (Ann) | 8.15% | 9.09% |
| Sharpe Ratio | 1.56 | 1.78 |
| Sortino Ratio | 2.26 | 2.55 |
| Omega Ratio | 1.27 | 1.32 |
| Calmar Ratio | 1.69 | 1.90 |
| Martin Ratio | 8.99 | 9.95 |
| Ulcer Index | 3.11% | 2.94% |
| Daily Std Dev | 17.92% | 16.32% |
| Max Drawdown | -47.53% | -45.99% |
| Current Drawdown | -2.54% | -2.47% |
Correlation
The correlation between VEVFX and IVOV is 0.91, 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
VEVFX vs. IVOV - Performance Comparison
In the year-to-date period, VEVFX achieves a 13.01% return, which is significantly higher than IVOV's 10.20% return. Over the past 10 years, VEVFX has underperformed IVOV with an annualized return of 8.15%, while IVOV has yielded a comparatively higher 9.09% 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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VEVFX vs. IVOV - Expense Ratio Comparison
VEVFX has a 0.52% expense ratio, which is higher than IVOV's 0.15% expense ratio.
Risk-Adjusted Performance
VEVFX vs. IVOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Explorer Value Fund (VEVFX) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV). 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
VEVFX vs. IVOV - Dividend Comparison
VEVFX's dividend yield for the trailing twelve months is around 0.68%, less than IVOV's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEVFX Vanguard Explorer Value Fund | 0.68% | 0.76% | 3.85% | 4.07% | 0.86% | 1.47% | 8.92% | 3.78% | 2.26% | 6.31% | 5.96% | 7.02% |
IVOV Vanguard S&P Mid-Cap 400 Value ETF | 1.38% | 1.52% | 1.97% | 1.78% | 2.42% | 1.75% | 1.87% | 1.55% | 1.36% | 1.66% | 1.47% | 0.85% |
Drawdowns
VEVFX vs. IVOV - Drawdown Comparison
The maximum VEVFX drawdown since its inception was -47.53%, roughly equal to the maximum IVOV drawdown of -45.99%. Use the drawdown chart below to compare losses from any high point for VEVFX and IVOV. For additional features, visit the drawdowns tool.
Volatility
VEVFX vs. IVOV - Volatility Comparison
Vanguard Explorer Value Fund (VEVFX) has a higher volatility of 3.82% compared to Vanguard S&P Mid-Cap 400 Value ETF (IVOV) at 3.59%. This indicates that VEVFX's price experiences larger fluctuations and is considered to be riskier than IVOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.