IVOO vs MDYV: Grades, Fees and Holdings Compared

Vanguard S&P Mid-Cap 400 ETF

IVOOANYSE Arca

State Street SPDR S&P 400 Mid Cap Value ETF

MDYVBNYSE Arca

Overlap

61.1%by weight

Expense ratio

IVOO −0.08pt a year

IVOO0.07%MDYV0.15%

Avg volume · 30D

MDYV 1.2×the volume

IVOO82.5KMDYV101K

10Y return · a year

IVOO +0.5pt

IVOO+10.9%MDYV+10.4%

IVOO vs MDYV Performance

Oct 29, 2021 – Oct 30, 2026

+41.0%IVOO+48.3%MDYV

Expense ratio: IVOO 0.07%, better; MDYV 0.15%
Fund size: IVOO $5.7B; MDYV $2.82B
1Y total return: IVOO +14.3%; MDYV +15.7%, better
Yield (12M): IVOO 1.21%; MDYV 1.70%, better
Holdings: IVOO 406; MDYV 298
Avg volume (30D): IVOO 82.5K sh; MDYV 101K sh, better
NAV per share: IVOO $124.07; MDYV $93.86
52W range

ETF.net Grade

Pillar letters and Scores for IVOO, MDYV, with each pillar’s weight
Pillar	IVOO	MDYV
Cost30% weight	A78Higher	C51
Mission25% weight	A100Higher	A98
Risk15% weight	C52	B60Higher
Tradability15% weight	D32	C54Higher
Holdings10% weight	A74Higher	C51
Durability5% weight	A70Higher	B61

Rank among S&P MidCap 400 funds

How we build Categories ›

Same Category. IVOO and MDYV are both graded against the same 11 S&P MidCap 400 funds, so their Grades compare head to head.

S&P MidCap 400⁠

Category · 11 funds

See all 11 ›

IVOO ranks 3rd and MDYV 5th of 11 funds in the S&P MidCap 400 Category.

Rank 1ASPMDState Street SPDR Portfolio S&P 400 Mid Cap ETFScore 85
Rank 2AIJHiShares Core S&P Mid-Cap ETFScore 84
Rank 3AIVOOVanguard S&P Mid-Cap 400 ETFScore 71
Rank 4BMDYState Street SPDR S&P MIDCAP 400 ETF TrustScore 66
Rank 5BMDYVState Street SPDR S&P 400 Mid Cap Value ETFScore 65
Rank 5BXJHiShares ESG Select Screened S&P Mid-Cap ETFScore 65

Our read on each fund

ETF.net Research

IVOOAVanguard S&P Mid-Cap 400 ETF

MDYVBState Street SPDR S&P 400 Mid Cap Value ETF

In short

IVOO Four funds chase the S&P MidCap 400; this is the Vanguard one. About 400 mid-sized US companies at 0.07% a year, less than half what the typical fund on this index charges.

MDYV The value half of the S&P MidCap 400: roughly 300 of the index's cheaper-looking names, sorted by rulebook rather than manager hunch. Live since 2005, and it has never pretended to be anything else.

Stated mandate

IVOO The fund seeks to follow the performance of the S&P MidCap 400 Index.

MDYV The Fund seeks to track the total return of an index representing medium-capitalization U.S. exchange-traded equities with value characteristics.

Why people hold it

IVOO 0.07% a year, under half the going rate among funds tracking this same index. On a plain-vanilla wrapper, fee is most of the argument.vanguard.com
Holds roughly 400 mid-sized US companies, the tier above small caps and below the mega-cap names. No stock picking, no tilts, no sector bets.vanguard.com
Tracks the S&P MidCap 400 closely and does exactly what its prospectus says, one of the tighter implementations in this peer group.vanguard.com
Trading since 2010, with distributions paid quarterly. A multi-billion-dollar fund with a long track record behind the ticker.

MDYV One job, and it's literal: the value sleeve of the S&P MidCap 400, tracked closely, with no manager discretion bolted on top.
0.15% a year, dead level with the median for S&P MidCap 400 funds, so the value screen arrives without a strategy-fund markup.
Running since 2005 and now a multi-billion-dollar fund spread across about 300 names, with cash paid out quarterly.

Worth knowing

IVOO Cheaper wrappers on the identical index exist: SPMD at 0.03% and IJH at 0.05%. Small gap, but it is a gap, and the index inside is the same.
Moderately traded rather than the volume king of the S&P 400 group, so spreads deserve a look on large or hurried orders.
All US, all mid-cap. No mega-cap ballast, no international exposure. This is one slice of a portfolio, not the whole plate.

MDYV Plain exposure to the same parent index costs less: SPMD at 0.03%, IJH at 0.05%. The value split is what the extra buys.
Moderately traded rather than one of the volume monsters in the mid-cap aisle, which matters more the bigger the order.
By design it owns the value side and leaves the growth names of the 400 to its sibling, so it moves differently from the full index.

Full IVOO profile⁠

Full MDYV profile⁠

IVOO vs MDYV Holdings

How IVOO and MDYV differ

Overlap by weight

61.1%

Shared holdings make up 99.4% of MDYV and 65.2% of IVOO.

Level by level

Holdings295 in both61.1%
Sector11 Sectors78.9%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in IVOO and MDYV, widest gap first
Sector	More in IVOOMore in MDYV	IVOO	MDYV
Technology	IVOO +9.4 points	18.1%	8.7%
Financials	MDYV +8.7 points	13.5%	22.2%
Health Care	IVOO +6.7 points	10.4%	3.8%
Industrials	IVOO +4.1 points	22.2%	18.1%
Energy	MDYV +3.3 points	5.3%	8.6%
Materials	MDYV +2.8 points	4.9%	7.7%
Consumer Staples	MDYV +2.2 points	3.2%	5.4%
Consumer Discretionary	MDYV +2.0 points	10.1%	12.1%
Utilities	MDYV +1.6 points	2.8%	4.4%
Communication	IVOO +0.8 points	1.5%	0.7%
Real Estate	MDYV +0.6 points	7.9%	8.5%

Country, concentration and asset class

Country by domicile

Country weights in IVOO and MDYV, widest gap first
Country	More in IVOOMore in MDYV	IVOO	MDYV
United States	IVOO +0.9 points	100.0%	99.1%
United Kingdom	MDYV +0.5 points	0.0%	0.5%
Other countries (2)	MDYV +0.4 points	0.0%	0.4%

Concentration

Weight in the 10 largest Holdings

IVOO7.8%
MDYV11.2%

Securities held

IVOO401
MDYV296

Asset class

IVOO: Equity
MDYV: Equity

Holdings

Only in IVOO106
In both295
Only in MDYV1

Only in IVOO

106 securities, 34.7% of IVOO by weight

Twilio Inc1.32%
Okta Inc1.02%
TechnipFMC PLC0.78%
nVent Electric PLC0.76%
ATI Inc0.76%
United Therapeutics Corp0.68%
XPO Inc0.60%
Tenet Healthcare Corp0.60%
Roku Inc0.59%
Curtiss-Wright Corp0.59%
Royal Gold Inc0.59%
MACOM Technology Solutions Holdings Inc0.58%
Woodward Inc0.57%
Carpenter Technology Corp0.57%
Coeur Mining Inc0.53%
ITT Inc0.53%
Dynatrace Inc0.49%
SLCMT11420.47%
RBC Bearings Inc0.46%
Fabrinet0.45%
SiTime Corp0.44%
RB Global Inc0.44%
Sterling Infrastructure Inc0.44%
Jazz Pharmaceuticals PLC0.44%
Toast Inc0.44%
API Group Corp0.44%
Exelixis Inc0.42%
Neurocrine Biosciences Inc0.42%
Somnigroup International Inc0.42%
Medpace Holdings Inc0.41%
Talen Energy Corp0.41%
CACI International Inc0.40%
MasTec Inc0.39%
DigitalOcean Holdings Inc0.38%
TTM Technologies Inc0.38%
BWX Technologies Inc0.37%
Penumbra Inc0.37%
Halozyme Therapeutics Inc0.37%
Five Below Inc0.36%
Encompass Health Corp0.35%
Guidewire Software Inc0.35%
Rambus Inc0.34%
Sanmina Corp0.34%
Hecla Mining Co0.34%
Advanced Energy Industries Inc0.33%
Elanco Animal Health Inc0.33%
Corcept Therapeutics Inc0.32%
Moog Inc0.32%
Coca-Cola Consolidated Inc0.31%
Viavi Solutions Inc0.30%

Only in MDYV

1 security, 0.4% of MDYV by weight

Corteva Inc0.45%

Weight gaps

The 100 widest of 295 Holdings in both funds.

Holding weights in IVOO and MDYV, widest gap first
Holding	More in IVOOMore in MDYV	IVOO	MDYV
Reliance IncRS	MDYV +0.73 points	0.58%	1.31%
Permian Resources CorpPR	MDYV +0.73 points	0.52%	1.25%
US Foods Holding CorpUSFD	MDYV +0.70 points	0.59%	1.29%
Ovintiv IncOVV	MDYV +0.68 points	0.47%	1.15%
TD SYNNEX CorpSNX	MDYV +0.59 points	0.60%	1.19%
SharkNinja IncSN	MDYV +0.57 points	0.44%	1.01%
Jones Lang LaSalle IncJLL	MDYV +0.54 points	0.41%	0.95%
Reinsurance Group of America IncRGA	MDYV +0.53 points	0.47%	1.00%
WESCO International IncWCC	MDYV +0.53 points	0.51%	1.04%
HF Sinclair CorpDINO	MDYV +0.52 points	0.49%	1.01%
Range Resources CorpRRC	MDYV +0.48 points	0.25%	0.73%
Pinnacle Financial Partners IncPNFP	MDYV +0.48 points	0.41%	0.89%
Performance Food Group CoPFGC	MDYV +0.47 points	0.42%	0.89%
AramarkARMK	MDYV +0.45 points	0.41%	0.86%
BJ's Wholesale Club Holdings IncBJ	MDYV +0.44 points	0.34%	0.78%
Antero Resources CorpAR	MDYV +0.44 points	0.30%	0.74%
Toll Brothers IncTOL	MDYV +0.41 points	0.37%	0.78%
Crown Holdings IncCCK	MDYV +0.41 points	0.33%	0.74%
Unum GroupUNM	MDYV +0.39 points	0.37%	0.76%
Annaly Capital Management IncNLY	MDYV +0.39 points	0.42%	0.81%
Essential Utilities IncWTRG	MDYV +0.38 points	0.33%	0.71%
Ryder System IncR	MDYV +0.37 points	0.26%	0.63%
Avantor IncAVTR	MDYV +0.36 points	0.30%	0.66%
Booz Allen Hamilton Holding CorpBAH	MDYV +0.34 points	0.25%	0.59%
First Horizon CorpFHN	MDYV +0.33 points	0.32%	0.65%
Regal Rexnord CorpRRX	MDYV +0.33 points	0.30%	0.63%
Ally Financial IncALLY	MDYV +0.33 points	0.30%	0.63%
Maplebear IncCART	MDYV +0.33 points	0.20%	0.53%
Toro Co/TheTTC	MDYV +0.32 points	0.27%	0.59%
Wintrust Financial CorpWTFC	MDYV +0.33 points	0.28%	0.61%
OGE Energy CorpOGE	MDYV +0.31 points	0.28%	0.59%
Arrow Electronics IncARW	MDYV +0.31 points	0.34%	0.65%
Southstate Bank CorpSSB	MDYV +0.32 points	0.28%	0.60%
Molina Healthcare IncMOH	MDYV +0.31 points	0.29%	0.60%
Watsco IncWSO	MDYV +0.31 points	0.32%	0.63%
Fidelity National Financial IncFNF	MDYV +0.31 points	0.29%	0.60%
Viper Energy IncVNOM	MDYV +0.30 points	0.23%	0.53%
American Homes 4 RentAMH	MDYV +0.30 points	0.28%	0.58%
UMB Financial CorpUMBF	MDYV +0.29 points	0.28%	0.57%
Zions Bancorp NAZION	MDYV +0.29 points	0.27%	0.56%
Cleveland-Cliffs IncCLF	MDYV +0.29 points	0.18%	0.47%
Owens CorningOC	MDYV +0.29 points	0.27%	0.56%
Alcoa CorpAA	MDYV +0.28 points	0.33%	0.61%
Corebridge Financial IncCRBG	MDYV +0.28 points	0.26%	0.54%
MKS IncMKSI	IVOO +0.28 points	0.53%	0.25%
Murphy USA IncMUSA	MDYV +0.28 points	0.25%	0.53%
Knight-Swift Transportation Holdings IncKNX	MDYV +0.28 points	0.30%	0.58%
GameStop CorpGME	MDYV +0.27 points	0.30%	0.57%
Prosperity Bancshares IncPB	MDYV +0.28 points	0.23%	0.51%
Chord Energy CorpCHRD	MDYV +0.27 points	0.22%	0.49%
Columbia Banking System IncCOLB	MDYV +0.27 points	0.24%	0.51%
BorgWarner IncBWA	MDYV +0.27 points	0.36%	0.63%
Saia IncSAIA	MDYV +0.27 points	0.26%	0.53%
Voya Financial IncVOYA	MDYV +0.27 points	0.25%	0.52%
Rexford Industrial Realty IncREXR	MDYV +0.26 points	0.24%	0.50%
Semtech CorpSMTC	IVOO +0.26 points	0.49%	0.23%
AptarGroup IncATR	MDYV +0.25 points	0.23%	0.48%
UGI CorpUGI	MDYV +0.26 points	0.22%	0.48%
Old National Bancorp/INONB	MDYV +0.25 points	0.24%	0.49%
CNH Industrial NVCNH	MDYV +0.24 points	0.33%	0.57%
Western Alliance BancorpWAL	MDYV +0.23 points	0.23%	0.46%
American Airlines Group IncAAL	MDYV +0.23 points	0.26%	0.49%
Jefferies Financial Group IncJEF	MDYV +0.23 points	0.21%	0.44%
Matador Resources CoMTDR	MDYV +0.23 points	0.18%	0.41%
Darling Ingredients IncDAR	MDYV +0.23 points	0.28%	0.51%
Commercial Metals CoCMC	MDYV +0.22 points	0.20%	0.42%
Commerce Bancshares Inc/MOCBSH	MDYV +0.22 points	0.22%	0.44%
Southwest Gas Holdings IncSWX	MDYV +0.22 points	0.17%	0.39%
Valley National BancorpVLY	MDYV +0.21 points	0.18%	0.39%
VF CorpVFC	MDYV +0.22 points	0.14%	0.36%
Axalta Coating Systems LtdAXTA	MDYV +0.22 points	0.20%	0.42%
Science Applications International CorpSAIC	MDYV +0.21 points	0.16%	0.37%
PBF Energy IncPBF	MDYV +0.21 points	0.22%	0.43%
Timken Co/TheTKR	MDYV +0.21 points	0.22%	0.43%
NOV IncNOV	MDYV +0.20 points	0.20%	0.40%
Black Hills CorpBKH	MDYV +0.20 points	0.16%	0.36%
Glacier Bancorp IncGBCI	MDYV +0.20 points	0.17%	0.37%
Macy's IncM	MDYV +0.20 points	0.18%	0.38%
United Bankshares Inc/WVUBSI	MDYV +0.21 points	0.18%	0.39%
Avnet IncAVT	MDYV +0.20 points	0.24%	0.44%
Selective Insurance Group IncSIGI	MDYV +0.20 points	0.15%	0.35%
Terex CorpTEX	MDYV +0.20 points	0.18%	0.38%
FNB Corp/PAFNB	MDYV +0.20 points	0.18%	0.38%
RLI CorpRLI	MDYV +0.20 points	0.15%	0.35%
First American Financial CorpFAF	MDYV +0.20 points	0.18%	0.38%
Mueller Industries IncMLI	IVOO +0.19 points	0.39%	0.20%
Lithia Motors IncLAD	MDYV +0.19 points	0.19%	0.38%
Murphy Oil CorpMUR	MDYV +0.19 points	0.15%	0.34%
GXO Logistics IncGXO	MDYV +0.18 points	0.15%	0.33%
CNX Resources CorpCNX	MDYV +0.18 points	0.14%	0.32%
Healthcare Realty Trust IncHR	MDYV +0.18 points	0.18%	0.36%
Fluor CorpFLR	MDYV +0.18 points	0.19%	0.37%
Lattice Semiconductor CorpLSCC	IVOO +0.17 points	0.52%	0.35%
Bath & Body Works IncBBWI	MDYV +0.18 points	0.09%	0.27%
Home BancShares Inc/ARHOMB	MDYV +0.17 points	0.16%	0.33%
Ingredion IncINGR	MDYV +0.17 points	0.18%	0.35%
Trex Co IncTREX	MDYV +0.17 points	0.13%	0.30%
Sensata Technologies Holding PLCST	MDYV +0.17 points	0.18%	0.35%
Sirius XM Holdings IncSIRI	MDYV +0.17 points	0.14%	0.31%
AGCO CorpAGCO	MDYV +0.16 points	0.20%	0.36%

All 401 IVOO holdings⁠All 296 MDYV 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.

IVOO vs MDYV Cost

Overpaying MDYV vs IVOO

$1,657

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

IVOO 0.07%
$1,480
MDYV 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

IVOO 0.07%
MDYV 0.15%
Overpaying

Year by year

Year	IVOO	MDYV	Overpaying
10	$128	$274	$146
20	$503	$1,071	$568
30	$1,480	$3,137	$1,657

Expense ratio

0.07%IVOO, cheaper
0.15%MDYV

IVOO0.07%MDYV0.15%

0.03%0.49%

Middle half of S&P MidCap 400 funds
Median 0.15%

IVOO 3rd cheapest of 11 funds

MDYV 5th cheapest of 11 funds

IVOO vs MDYV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IVOO 1.21%; MDYV 1.70%, better
Payout (12M): IVOO $1.50; MDYV $1.59
Last payment: IVOO $0.37; MDYV $0.39
Ex-dividend: IVOO Sep 23, 2026; MDYV Sep 21, 2026
Paid on: IVOO Sep 25, 2026; MDYV Sep 23, 2026
Frequency: IVOO Quarterly; MDYV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVOOQuarterly · 39 paymentsAll IVOO payments⁠

MDYVQuarterly · 39 paymentsAll MDYV payments⁠

IVOO vs MDYV Risk

Fall from peak · 5 years

IVOO
MDYV

Risk facts

VolatilityStd dev, 3 years: IVOO 15.2%, betterMDYV 15.8%
Return per unit of riskSharpe ratio, 3 years: IVOO 0.84, betterMDYV 0.81
Worst fallMax drawdown, 5 years: IVOO −24.2%MDYV −22.6%, better
Market sensitivityBeta, 5 years: IVOO 1.03MDYV 0.97; Market = 1

IVOO and MDYV in the news

All news⁠

New ETFs
Hotchkis & Wiley added an ETF class to its 1997 mid-cap value fund
Oct 5, 2026MDYV

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IVOO vs MDYV

In short

Stated mandate

Why people hold it

Worth knowing

How IVOO and MDYV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IVOO

Only in MDYV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Hotchkis & Wiley added an ETF class to its 1997 mid-cap value fund

How IVOO and MDYV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IVOO

Only in MDYV

Weight gaps