VOE vs. MDYV
Compare and contrast key facts about Vanguard Mid-Cap Value ETF (VOE) and SPDR S&P 400 Mid Cap Value ETF (MDYV).
VOE and MDYV 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. 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. Both VOE and MDYV 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 MDYV.
Performance
VOE vs. MDYV - Performance Comparison
Returns By Period
In the year-to-date period, VOE achieves a 19.61% return, which is significantly higher than MDYV's 14.81% return. Both investments have delivered pretty close results over the past 10 years, with VOE having a 9.14% annualized return and MDYV not far ahead at 9.44%.
VOE
19.61%
0.98%
11.75%
29.86%
10.64%
9.14%
MDYV
14.81%
3.05%
12.16%
28.20%
11.68%
9.44%
Key characteristics
| VOE | MDYV | |
|---|---|---|
| Sharpe Ratio | 2.52 | 1.68 |
| Sortino Ratio | 3.50 | 2.42 |
| Omega Ratio | 1.44 | 1.30 |
| Calmar Ratio | 3.27 | 2.64 |
| Martin Ratio | 15.27 | 9.35 |
| Ulcer Index | 1.93% | 2.93% |
| Daily Std Dev | 11.71% | 16.31% |
| Max Drawdown | -61.55% | -60.70% |
| Current Drawdown | -1.19% | -2.64% |
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VOE vs. MDYV - Expense Ratio Comparison
VOE has a 0.07% expense ratio, which is lower than MDYV's 0.15% 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%.
Correlation
The correlation between VOE and MDYV 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.
Risk-Adjusted Performance
VOE vs. MDYV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value ETF (VOE) and SPDR S&P 400 Mid Cap Value ETF (MDYV). 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. MDYV - Dividend Comparison
VOE's dividend yield for the trailing twelve months is around 2.07%, more than MDYV's 1.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.61% | 1.59% | 1.90% | 1.74% | 1.70% | 1.83% | 2.28% | 2.48% | 1.83% | 4.24% | 4.05% | 1.41% |
Drawdowns
VOE vs. MDYV - Drawdown Comparison
The maximum VOE drawdown since its inception was -61.55%, roughly equal to the maximum MDYV drawdown of -60.70%. Use the drawdown chart below to compare losses from any high point for VOE and MDYV. For additional features, visit the drawdowns tool.
Volatility
VOE vs. MDYV - Volatility Comparison
The current volatility for Vanguard Mid-Cap Value ETF (VOE) is 3.36%, while SPDR S&P 400 Mid Cap Value ETF (MDYV) has a volatility of 5.59%. This indicates that VOE experiences smaller price fluctuations and is considered to be less risky than MDYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.