IVOV
Vanguard S&P Mid-Cap 400 Value ETF

Price: $103.90
Change: $0.36 (-0.0%)
Last Updated:

Vitals

Issuer Vanguard
Brand Vanguard
Structure ETF
Expense Ratio 0.15%
ETF Home Page Home page
Inception Sep 07, 2010

Analyst Report

This ETF offers exposure to mid cap stocks that exhibit value characteristics, making IVOV a potentially useful tool for investors looking to fine tune their domestic equity exposure or implement a tilt towards a specific investment style. Investors constructing a long-term portfolio would be better off with a fund such as MDY or IJH that includes greater depth of holdings and a mix of various styles. Value strategies often come with biases towards specific sectors, and may outperform more broadly-based indexes in certain economic environments such as recessions. It should be noted that there is often considerable overlap between the value and the growth variations of these funds since many providers have generous definitions that tend to put some securities in both categories. Rydex offers a pure style alternative, RFV, that is slightly more expensive but will offer a considerably more targeted focus on value equities. Those seeking to make a meaningful tilt in their portfolio would be better served by using that fund. It should also be noted that JKI and IJJ seek to replicate similar indexes at comparable expense ratios. However, IVOV is slightly cheaper and may be available commission free in certain accounts, making it a solid choice of the three. IVOV is a fine ETF, but there are a number of alternatives out there that offer more compelling methodologies, or potentially better execution, just be aware of the differences before deciding between these similar ETFs.

ETF Database Themes

Asset Class Equity
Asset Class Size Mid-Cap
Asset Class Style Value
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. - Mid Cap Value
Category Size and Style
Focus Mid Cap
Niche Value
Strategy Value
Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $78.79
  • 52 Week Hi $105.65
  • AUM $994.8 M
  • Shares 9.5 M

Historical Trading Data

  • 1 Month Avg. Volume 19,405
  • 3 Month Avg. Volume 14,448

Alternative ETFs in the ETF Database Mid Cap Value Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IMCV 0.06% $682.2 M 19,206 20.70%
Largest (AUM) VOE 0.07% $18.9 B 256,817 22.50%
Most Liquid (Volume) MDYV 0.15% $4.0 B 295,097 19.17%
Top YTD Performer VOE 0.07% $18.9 B 256,817 22.50%

Alternative ETFs in the FactSet Equity: U.S. - Mid Cap Value Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IMCV 0.06% $682.2 M 19,206 20.70%
Largest (AUM) VOE 0.07% $18.9 B 256,817 22.50%
Most Liquid (Volume) MDYV 0.15% $4.0 B 295,097 19.17%
Top YTD Performer AVMV 0.20% $100.9 M 18,177 27.85%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

IVOV ETF Database Category Average FactSet Segment Average
Number of Holdings 292 651 255
% of Assets in Top 10 10.84% 11.44% 13.44%
% of Assets in Top 15 14.79% 16.01% 18.90%
% of Assets in Top 50 35.87% 40.28% 48.39%

Size Comparison

IVOV ETF Database Category Average FactSet Segment Average
Large (>12.9B) 19.38% 44.32% 47.91%
Mid (>2.7B) 79.29% 51.33% 51.44%
Small (>600M) 0.83% 3.51% 0.40%
Micro (<600M) 0.00% 0.54% 0.00%

IVOV Valuation

This section compares the P/E ratio of this ETF to its peers.

IVOV
P/E Ratio
13.50
ETF Database Category Average
P/E Ratio
10.83
FactSet Segment Average
P/E Ratio
10.40

IVOV Dividend

This section compares the dividend yield of this ETF to its peers.

IVOV ETF Database Category Average FactSet Segment Average
Dividend $ 1.33 $ 0.62 $ 0.56
Dividend Date 2023-12-20 N/A N/A
Annual Dividend Rate $ 1.33 $ 1.73 $ 1.47
Annual Dividend Yield 1.28% 1.50% 1.50%

IVOV Price and Volume Charts

View charts featuring IVOV price and volume data.

IVOV Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -8.39 M 1 Month Net Flows: -12.16 M 3 Month Net Flows: -16.08 M 6 Month Net Flows: -21.48 M 1 Year Net Flows: -30.6 M 3 Year Net Flows: -19.15 M 5 Year Net Flows: -34.92 M 10 Year Net Flows: 456.8 M

IVOV Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -926.35 K
1 Month Net AUM Change: 56.21 M
3 Month Net AUM Change: 85.81 M
6 Month Net AUM Change: 147.18 M
1 Year Net AUM Change: 209.57 M
3 Year Net AUM Change: 168.58 M
5 Year Net AUM Change: 243.59 M
10 Year Net AUM Change: 902.35 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for IVOV on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Mid Cap Value Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B IWS
Expenses A- VOE
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

IVOV Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

IVOV
Expense Ratio
0.15%
ETF Database Category Average
Expense Ratio
0.18%
FactSet Segment Average
Expense Ratio
0.25%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
6.04/10
ESG Score
37.51%
Global Percentile
56.11%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      7.07%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      147.48
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      7.07%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      4.59%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

IVOV Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

IVOV ETF Database
Category Average
Factset Segment
Average
1 Month Return 8.32% 8.22% 8.22%
3 Month Return 9.75% 8.85% 8.97%
YTD Return 19.18% 19.02% 20.18%
1 Year Return 27.82% 27.29% 28.58%
3 Year Return 10.73% 11.22% 9.61%
5 Year Return 12.00% 10.54% 10.84%

Geographic Exposure

The following charts reflect the geographic spread of IVOV's underlying holdings.

Region Percentage
North, Central and South America 99.72%
Other 0.32%
Country Percentage
United States 96.12%
United Kingdom 1.4%
Bermuda 1.32%
Ireland 0.69%
Other 0.32%
Sweden 0.19%

Holdings Analysis

The following charts reflect the allocation of IVOV's underlying holdings.

Sector Percentage
Finance 34.9%
Producer Manufacturing 7.43%
Health Technology 6.29%
Retail Trade 4.84%
Process Industries 4.51%
Technology Services 4.27%
Utilities 4.04%
Electronic Technology 3.99%
Distribution Services 3.8%
Transportation 3.49%
Energy Minerals 3.1%
Industrial Services 3.07%
Consumer Non-Durables 2.96%
Non-Energy Minerals 2.95%
Consumer Durables 2.92%
Consumer Services 2.78%
Health Services 1.97%
Commercial Services 1.22%
Communications 0.68%
Miscellaneous 0.51%
CASH 0.32%
Market Cap Percentage
Mid 79.29%
Large 19.38%
Small 0.83%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 99.72%
CASH 0.32%
Sector Percentage
Finance 34.9%
Producer Manufacturing 7.43%
Health Technology 6.29%
Retail Trade 4.84%
Process Industries 4.51%
Technology Services 4.27%
Utilities 4.04%
Electronic Technology 3.99%
Distribution Services 3.8%
Transportation 3.49%
Energy Minerals 3.1%
Industrial Services 3.07%
Consumer Non-Durables 2.96%
Non-Energy Minerals 2.95%
Consumer Durables 2.92%
Consumer Services 2.78%
Health Services 1.97%
Commercial Services 1.22%
Communications 0.68%
Miscellaneous 0.51%
CASH 0.32%

IVOV Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 95.77%
20 Day Volatility 19.51%
50 Day Volatility 15.63%
200 Day Volatility 17.50%
Beta 1.18
Standard Deviation 5.17%
5 Day Volatility
95.77%
Rank
4 of 8

20 Day Volatility
19.51%
Rank
5 of 8

50 Day Volatility
15.63%
Rank
5 of 8

200 Day Volatility
17.50%
Rank
5 of 8

Beta
1.18
Rank
2 of 8

Standard Deviation
5.17%
Rank
4 of 8

Technicals

  • 20 Day MA $101.54
  • 60 Day MA $97.37
  • MACD 15 Period 1.72
  • MACD 100 Period 8.80
  • Williams % Range 10 Day 25.40
  • Williams % Range 20 Day 17.59
  • RSI 10 Day 67
  • RSI 20 Day 65
  • RSI 30 Day 64
  • Ultimate Oscillator 55

Bollinger Bands

  • Lower Bollinger (10 Day) $98.36
  • Upper Bollinger (10 Day) $106.89
  • Lower Bollinger (20 Day) $96.75
  • Upper Bollinger (20 Day) $106.32
  • Lower Bollinger (30 Day) $93.85
  • Upper Bollinger (30 Day) $105.97

Support & Resistance

  • Support Level 1 $103.50
  • Support Level 2 $103.10
  • Resistance Level 1 $104.37
  • Resistance Level 2 $104.85

Stochastic

  • Stochastic Oscillator %D (1 Day) 31.51
  • Stochastic Oscillator %D (5 Day) 51.99
  • Stochastic Oscillator %K (1 Day) 42.30
  • Stochastic Oscillator %K (5 Day) 62.95

Tradability

  • Tracking Difference Median (%) -0.10
  • Tracking Difference Max Upside (%) -0.07
  • Tracking Difference Max Downside (%) -0.15
  • Median Premium Discount (%) 0.00
  • Maximum Premium Discount (%) 0.11
  • Average Spread (%) 10.16
  • Average Spread ($) 10.16

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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