- ISIN
- US9219327783
- CUSIP
- 921932778
- Issuer
- Vanguard
- Inception Date
- Sep 7, 2010
- Region
- North America (U.S.)
- Category
- Small Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P SmallCap 600 Value Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $2B
Share Price Chart
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Performance
VIOV Performance Chart
Vanguard S&P Small-Cap 600 Value ETF (VIOV) is up 16.8% since the beginning of the year. VIOV is currently trading at $114 per share. Investors who bought $1,000 worth of VIOV shares 5 years ago would now be looking at an investment worth $1,341.
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Returns By Period
Vanguard S&P Small-Cap 600 Value ETF (VIOV) has returned 16.78% so far this year and 41.64% over the past 12 months. Over the last ten years, VIOV has returned 10.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Vanguard S&P Small-Cap 600 Value ETF
- 1D
- 1.15%
- 1M
- 2.34%
- YTD
- 16.78%
- 6M
- 17.90%
- 1Y
- 41.64%
- 3Y*
- 14.79%
- 5Y*
- 6.04%
- 10Y*
- 10.37%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
VIOV Monthly Returns History
Based on dividend-adjusted daily data since Sep 9, 2010, VIOV's average daily return is +0.05%, while the average monthly return is +1.10%. At this rate, an investment would double in approximately 5.3 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +19.2%, while the worst month was Mar 2020 at -25.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VIOV closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +8.7%, while the worst single day was Mar 16, 2020 at -12.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.72% | 1.12% | -3.16% | 9.00% | 1.21% | 1.29% | 16.78% | ||||||
| 2025 | 1.87% | -5.56% | -6.23% | -5.88% | 4.24% | 4.31% | 1.45% | 8.65% | 1.51% | -0.24% | 2.51% | 0.95% | 6.63% |
| 2024 | -5.47% | 2.33% | 3.52% | -6.42% | 4.46% | -2.64% | 11.92% | -1.39% | 0.68% | -1.55% | 10.81% | -7.00% | 7.44% |
| 2023 | 12.20% | -1.55% | -6.67% | -2.35% | -3.77% | 8.67% | 5.99% | -4.98% | -6.30% | -6.40% | 9.04% | 13.77% | 15.36% |
| 2022 | -4.40% | 2.43% | 0.45% | -6.31% | 2.31% | -9.05% | 8.69% | -4.19% | -10.41% | 14.49% | 3.70% | -6.68% | -11.37% |
| 2021 | 6.38% | 10.62% | 5.64% | 1.73% | 3.87% | -0.64% | -4.51% | 1.97% | -1.46% | 2.80% | -2.55% | 4.15% | 30.67% |
Benchmark Metrics
Vanguard S&P Small-Cap 600 Value ETF has an annualized alpha of -0.34%, beta of 1.02, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since September 10, 2010.
- This ETF participated in 116.45% of S&P 500 Index downside but only 108.64% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.02 and R2 of 0.62, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.34%
- Beta
- 1.02
- R²
- 0.62
- Upside Capture
- 108.64%
- Downside Capture
- 116.45%
Expense Ratio
VIOV has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
VIOV ranks 71 for risk / return — better than 71% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Value ETF (VIOV) and compare them to S&P 500 Index.
| VIOV | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.28 | 2.39 | -0.11 |
Sortino ratioReturn per unit of downside risk | 3.23 | 3.25 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 4.49 | 3.11 | +1.37 |
Martin ratioReturn relative to average drawdown | 14.62 | 14.38 | +0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Vanguard S&P Small-Cap 600 Value ETF provided a 1.57% dividend yield over the last twelve months, with an annual payout of $1.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.79 | $1.65 | $1.66 | $1.93 | $1.42 | $1.44 | $1.00 | $1.11 | $1.00 | $0.94 | $0.70 | $0.62 |
Dividend yield | 1.57% | 1.69% | 1.78% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard S&P Small-Cap 600 Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.00 | $0.42 | ||||||
| 2025 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.54 | $1.65 |
| 2024 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.48 | $1.66 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.96 | $1.93 |
| 2022 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.56 | $1.42 |
| 2021 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.51 | $1.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard S&P Small-Cap 600 Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard S&P Small-Cap 600 Value ETF was 47.36%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -47.36%Mar 2020 | 1y 7mo | 9mo 19d | 2y 4moAug 2018 - Jan 2021 |
2025 selloff2025 | -28.44%Apr 2025 | 4mo 13d | 8mo 6d | 1y 14dNov 2024 - Dec 2025 |
2011 bear market2011 | -25.80%Oct 2011 | 2mo 27d | 4mo 1d | 6mo 28dJul 2011 - Feb 2012 |
Bear market2022 | -24.18%Sep 2022 | 10mo 26d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 |
2016 bear market2016 | -20.52%Feb 2016 | 7mo 22d | 5mo 1d | 1y 18dJun 2015 - Jul 2016 |
Drawdown Indicators
| VIOV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.36% | -56.78% | +9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.33% | -9.10% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -28.44% | -18.90% | -9.54% |
Max Drawdown (5Y)Largest decline over 5 years | -28.44% | -25.43% | -3.01% |
Max Drawdown (10Y)Largest decline over 10 years | -47.36% | -33.92% | -13.44% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -10.72% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 1.97% | +0.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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