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IVOG vs SPYV

Vanguard S&P Mid-Cap 400 Growth ETF

IVOGANYSE Arca

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Overlap

Expense ratio

SPYV −0.06pt a year

IVOG0.10%SPYV0.04%

Avg volume · 30D

SPYV 68.6×the volume

IVOG30.7KSPYV2.1M

10Y return · a year

SPYV +1.4pt

IVOG+10.9%SPYV+12.3%

IVOG vs SPYV Performance

Oct 29, 2021 – Oct 30, 2026

+32.4%IVOG+74.1%SPYV

Oct 29, 2021 to Oct 30, 2026. IVOG +32.4%. SPYV +74.1%. Use the arrow keys to read each point.−20%0%20%60%Oct 2021Apr 2024Oct 2026
Expense ratio
IVOG 0.10%
SPYV 0.04%, better
Fund size
IVOG $1.8B
SPYV $39.2B
1Y total return
IVOG +12.7%
SPYV +16.6%, better
Yield (12M)
IVOG 0.58%
SPYV 1.65%, better
Holdings
IVOG 253
SPYV 437
Avg volume (30D)
IVOG 30.7K sh
SPYV 2.1M sh, better
NAV per share
IVOG $134.71
SPYV $64.64
52W range

ETF.net Grade

IVOG: Cost 79, Risk 34, Mission 91, Tradability 46, Holdings 84, Durability 79. SPYV: Cost 98, Risk 82, Mission 86, Tradability 97, Holdings 71, Durability 86.
Pillar letters and Scores for IVOG, SPYV, with each pillar’s weight
PillarIVOGSPYV
Cost30% weightA79A98Higher
Mission25% weightA91HigherA86
Risk15% weightD34A82Higher
Tradability15% weightC46A97Higher
Holdings10% weightA84HigherA71
Durability5% weightA79A86Higher

Rank among Other Major Indexes funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IVOG and SPYV are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds
See all 42 ›

SPYV ranks 1st and IVOG 10th of 42 funds in the Other Major Indexes Category.

  1. Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
  2. Rank 2ASCHKSchwab 1000 Index ETFScore 86
  3. Rank 9AUSSGXtrackers MSCI USA Selection Equity ETFScore 71
  4. Rank 10AIVOGVanguard S&P Mid-Cap 400 Growth ETFScore 70
  5. Rank 11BSPXEProShares S&P 500 Ex-Energy ETFScore 69

Our read on each fund

ETF.net Research

IVOGAVanguard S&P Mid-Cap 400 Growth ETF

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

In short

IVOG The growth half of the S&P MidCap 400, wrapped by Vanguard for a tenth of a percent. About 240 medium-size US companies chosen by a published growth screen, in a plain index fund priced well under the typical index wrapper.

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

Stated mandate

IVOG The fund seeks to track the S&P MidCap 400 Growth Index, which represents medium-size U.S. growth companies.

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

Why people hold it

  • IVOG 0.10% a year against a 0.45% median for index-wrapper peers. Fee is the one input you actually control, and this one stays small.
  • Fills the mid-cap gap most portfolios skip: roughly 240 medium-size US companies sorted by S&P's growth and momentum screen, not a manager's hunch.vanguard.com
  • Trading since 2010, and built as an ETF share class of Vanguard's S&P Mid-Cap 400 Growth Index Fund, so the ETF and the mutual fund run off one portfolio.vanguard.com
  • One of the tightest label-to-portfolio matches among the index wrappers we track: it holds the index it advertises, with no side quests.
  • SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
  • Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
  • No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

Worth knowing

  • IVOG Thinly traded next to the big broad-market names, so bid/ask spreads can be wider and order type matters more.
  • Mid-cap growth moves harder than the total market in both directions. This is one slice of US equity, not a whole-market holding.
  • Income is an afterthought here: distributions land once or twice a year, not quarterly.
  • SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
  • Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
  • Distributions land quarterly, not monthly.

Full IVOG profile⁠

Full SPYV profile⁠

IVOG vs SPYV Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IVOG vs SPYV Cost

Overpaying IVOG vs SPYV

$1,257

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IVOG 0.10%

    $2,106

  • SPYV 0.04%

    $849

$10,000
30 years

Cost over time

  • IVOG 0.10%
  • SPYV 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530IVOG $2,106SPYV $849

Year by year

YearIVOGSPYVOverpaying
10$183$73$110
20$717$288$429
30$2,106$849$1,257

Expense ratio

  • 0.10%IVOG
  • 0.04%SPYV, cheaper
  • Middle half of Other Major Indexes funds
  • Median 0.29%

SPYV 2nd cheapest of 42 funds

IVOG 11th cheapest of 42 funds

IVOG vs SPYV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IVOG 0.58%
SPYV 1.65%, better
Payout (12M)
IVOG $0.77
SPYV $1.06
Last payment
IVOG $0.77
SPYV $0.27
Ex-dividend
IVOG Dec 22, 2025
SPYV Sep 21, 2026
Paid on
IVOG Dec 24, 2025
SPYV Sep 23, 2026
Frequency
IVOG Annual
SPYV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVOGAnnual · 9 paymentsAll IVOG payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.62; Dec 13, 2018 $0.60; Dec 16, 2019 $0.86; Dec 22, 2020 $0.66; Dec 21, 2021 $0.50; Dec 20, 2022 $0.89; Dec 20, 2023 $1.13; Dec 23, 2024 $0.89; Dec 22, 2025 $0.77. Use the arrow keys to read each point.$0$12017202020232026YTD
SPYVQuarterly · 39 paymentsAll SPYV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.15; Jun 16, 2017 $0.17; Sep 15, 2017 $0.18; Dec 15, 2017 $0.36; Mar 19, 2018 $0.17; Jun 18, 2018 $0.19; Sep 24, 2018 $0.22; Dec 24, 2018 $0.22; Mar 18, 2019 $0.18; Jun 24, 2019 $0.20; Sep 23, 2019 $0.19; Dec 23, 2019 $0.21; Mar 23, 2020 $0.22; Jun 22, 2020 $0.21; Sep 21, 2020 $0.19; Dec 21, 2020 $0.19; Mar 22, 2021 $0.24; Jun 21, 2021 $0.20; Sep 20, 2021 $0.18; Dec 20, 2021 $0.26; Mar 21, 2022 $0.18; Jun 21, 2022 $0.22; Sep 19, 2022 $0.22; Dec 19, 2022 $0.24; Mar 20, 2023 $0.18; Jun 20, 2023 $0.20; Sep 18, 2023 $0.20; Dec 18, 2023 $0.23; Mar 18, 2024 $0.26; Jun 24, 2024 $0.29; Sep 23, 2024 $0.28; Dec 23, 2024 $0.35; Mar 24, 2025 $0.18; Jun 23, 2025 $0.25; Sep 22, 2025 $0.26; Dec 22, 2025 $0.31; Mar 23, 2026 $0.21; Jun 22, 2026 $0.27; Sep 21, 2026 $0.27. Use the arrow keys to read each point.$0$12017202020232026YTD

IVOG vs SPYV Risk

Fall from peak · 5 years

  • IVOG
  • SPYV
Oct 29, 2021 to Oct 30, 2026. Worst fall: IVOG −29.3% · Jun 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
IVOG 16.1%SPYV 11.7%, better
Return per unit of riskSharpe ratio, 3 years
IVOG 0.79SPYV 1.17, better
Worst fallMax drawdown, 5 years
IVOG −29.3%SPYV −17.9%, better
Market sensitivityBeta, 5 years
IVOG 1.07SPYV 0.83

IVOG and SPYV in the news

All news⁠

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