VOE vs. IJJ
Compare and contrast key facts about Vanguard Mid-Cap Value ETF (VOE) and iShares S&P MidCap 400 Value ETF (IJJ).
VOE and IJJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IJJ is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400/Citigroup Value Index. It was launched on Jul 24, 2000. Both VOE and IJJ 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: VOE or IJJ.
Key characteristics
| VOE | IJJ | |
|---|---|---|
| YTD Return | 3.06% | -2.11% |
| 1Y Return | 14.81% | 13.33% |
| 3Y Return (Ann) | 4.10% | 3.27% |
| 5Y Return (Ann) | 8.36% | 8.24% |
| 10Y Return (Ann) | 8.38% | 8.31% |
| Sharpe Ratio | 1.01 | 0.66 |
| Daily Std Dev | 12.94% | 17.31% |
| Max Drawdown | -61.55% | -58.00% |
| Current Drawdown | -4.60% | -5.93% |
Correlation
The correlation between VOE and IJJ is 0.96, 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
VOE vs. IJJ - Performance Comparison
In the year-to-date period, VOE achieves a 3.06% return, which is significantly higher than IJJ's -2.11% return. Both investments have delivered pretty close results over the past 10 years, with VOE having a 8.38% annualized return and IJJ not far behind at 8.31%. 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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VOE vs. IJJ - Expense Ratio Comparison
VOE has a 0.07% expense ratio, which is lower than IJJ's 0.25% expense ratio. Despite the difference, 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
VOE vs. IJJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value ETF (VOE) and iShares S&P MidCap 400 Value ETF (IJJ). 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
VOE vs. IJJ - Dividend Comparison
VOE's dividend yield for the trailing twelve months is around 2.24%, more than IJJ's 1.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOE Vanguard Mid-Cap Value ETF | 2.24% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
IJJ iShares S&P MidCap 400 Value ETF | 1.65% | 1.68% | 1.97% | 1.62% | 1.78% | 1.70% | 2.01% | 1.52% | 1.67% | 1.83% | 1.65% | 1.48% |
Drawdowns
VOE vs. IJJ - Drawdown Comparison
The maximum VOE drawdown since its inception was -61.55%, which is greater than IJJ's maximum drawdown of -58.00%. Use the drawdown chart below to compare losses from any high point for VOE and IJJ. For additional features, visit the drawdowns tool.
Volatility
VOE vs. IJJ - Volatility Comparison
The current volatility for Vanguard Mid-Cap Value ETF (VOE) is 3.47%, while iShares S&P MidCap 400 Value ETF (IJJ) has a volatility of 4.31%. This indicates that VOE experiences smaller price fluctuations and is considered to be less risky than IJJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.