IVOV vs VTEI

Comparison between VANGUARD S&P MID-CAP 400 VALUE INDEX FUND ETF SHARES (IVOV, ETF) and VANGUARD INTERMEDIATE-TERM TAX-EXEMPT BOND ETF ETF SHARES (VTEI, ETF).

IVOV vs VTEI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IVOV(ETF)	VTEI(ETF)
Net Assets	$1.40B	$1.30B
Expense Ratio	0.10%	0.08%
Max Drawdown	45.99%	4.79%
Sharpe Ratio	1.05	0.82
5Y Beta	0.90	0.02
P/E Ratio	20.86	N/A
Forward P/E	13.79	N/A
PEG Ratio	0.21	N/A
5Y Dividends CAGR	17.11%	N/A
5Y EPS CAGR	10.49%	N/A
Debt to Equity	16.34%	N/A
P/S Ratio	1.00	N/A
P/B Ratio	2.02	N/A

Net Assets

Winner

IVOV

$1.40B

VTEI

$1.30B

Expense Ratio

IVOV

0.10%

Winner

VTEI

0.08%

Max Drawdown

IVOV

45.99%

Winner

VTEI

4.79%

Sharpe Ratio

Winner

IVOV

1.05

VTEI

0.82

5Y Beta

IVOV

0.90

Winner

VTEI

0.02

P/E Ratio

IVOV

20.86

VTEI

N/A

Forward P/E

IVOV

13.79

VTEI

N/A

PEG Ratio

IVOV

0.21

VTEI

N/A

5Y Dividends CAGR

IVOV

17.11%

VTEI

N/A

5Y EPS CAGR

IVOV

10.49%

VTEI

N/A

Debt to Equity

IVOV

16.34%

VTEI

N/A

P/S Ratio

IVOV

1.00

VTEI

N/A

P/B Ratio

IVOV

2.02

VTEI

N/A

IVOV vs VTEI - Historical Returns

Returns include dividend reinvestment.

Period	IVOV	VTEI
1 month	+0.89%	+0.02%
3 months	-0.57%	-0.95%
6 months	+9.04%	+1.12%
1 year	+16.90%	+5.68%
5 years(CAGR)	+7.95%	N/A
10 years(CAGR)	+10.57%	N/A
Max(CAGR)	+11.50%	+2.96%

Winner

IVOV

+0.89%

VTEI

+0.02%

Winner

IVOV

-0.57%

VTEI

-0.95%

Winner

IVOV

+9.04%

VTEI

+1.12%

Winner

IVOV

+16.90%

VTEI

+5.68%

5Y(CAGR)

IVOV

+7.95%

VTEI

N/A

10Y(CAGR)

IVOV

+10.57%

VTEI

N/A

Max(CAGR)

Winner

IVOV

+11.50%

VTEI

+2.96%

IVOV vs VTEI - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	IVOV	VTEI
2026	+5.60%	+0.57%
2025	+8.18%	+4.48%
2024	+11.61%	+1.55%
2023	+15.41%	N/A
2022	-7.77%	N/A
2021	+32.83%	N/A
2020	+3.84%	N/A
2019	+25.70%	N/A
2018	-12.80%	N/A
2017	+11.29%	N/A
2016	+27.78%	N/A
2015	-6.70%	N/A
2014	+13.43%	N/A
2013	+31.27%	N/A
2012	+16.70%	N/A
2011	-3.33%	N/A
2010	+18.19%	N/A

IVOV vs VTEI Drawdown Comparison

The maximum drawdown for IVOV was -45.99%, occurring on Mar 23, 2020. Recovery took 224 trading sessions.

The maximum drawdown for VTEI was -3.64%, occurring on Apr 10, 2025. Recovery took 128 trading sessions.

The current IVOV drawdown is -2.40%. The current VTEI drawdown is -1.33%.

Rank	IVOV	VTEI
#1	-45.99% Jan 16, 2020 - Dec 4, 2020	-3.64% Mar 3, 2025 - Sep 4, 2025
#2	-27.43% Apr 29, 2011 - Mar 19, 2012	-2.61% Feb 27, 2026 - Mar 26, 2026
#3	-22.74% Aug 29, 2018 - Nov 5, 2019	-2.06% Feb 1, 2024 - Jul 12, 2024
#4	-22.61% Nov 25, 2024 - Dec 10, 2025	-1.87% Oct 2, 2024 - Dec 4, 2024
#5	-21.21% Jun 23, 2015 - Jun 8, 2016	-1.80% Dec 4, 2024 - Feb 25, 2025
#6	-19.29% Jan 4, 2022 - Jan 27, 2023	-0.69% Aug 5, 2024 - Aug 23, 2024
#7	-18.83% Feb 2, 2023 - Dec 19, 2023	-0.36% Nov 11, 2025 - Nov 28, 2025
#8	-11.71% Mar 19, 2012 - Sep 7, 2012	-0.35% Sep 23, 2025 - Oct 10, 2025
#9	-10.58% Feb 6, 2026 - May 6, 2026	-0.26% Aug 23, 2024 - Sep 5, 2024
#10	-10.52% Sep 2, 2014 - Nov 24, 2014	-0.21% Nov 28, 2025 - Dec 22, 2025
#11	-9.82% Jan 23, 2018 - Jun 7, 2018	-0.20% Jan 15, 2026 - Jan 27, 2026
#12	-9.21% May 7, 2021 - Oct 25, 2021	-0.19% Jul 12, 2024 - Jul 30, 2024
#13	-9.10% Sep 14, 2012 - Dec 18, 2012	-0.18% Oct 22, 2025 - Nov 11, 2025
#14	-8.57% Nov 15, 2021 - Jan 4, 2022	-0.14% Sep 17, 2024 - Sep 27, 2024
#15	-7.55% Mar 28, 2024 - May 15, 2024	-0.12% Feb 26, 2025 - Feb 28, 2025

Correlation

Correlation between IVOV and VTEI is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2010 - 2026)

IVOV vs VTEI dividend yield comparison.

Year	IVOV	VTEI
2026	0.00%	1.04%
2025	1.82%	3.00%
2024	1.74%	2.65%
2023	1.52%	0.00%
2022	1.97%	0.00%
2021	1.78%	0.00%
2020	2.42%	0.00%
2019	1.75%	0.00%
2018	1.87%	0.00%
2017	1.55%	0.00%
2016	1.51%	0.00%
2015	1.66%	0.00%
2014	1.47%	0.00%
2013	0.85%	0.00%
2012	1.64%	0.00%
2011	1.40%	0.00%
2010	0.86%	0.00%