^SP600 vs. VOT
^SP600 (S&P 600) is an index, while VOT (Vanguard Mid-Cap Growth ETF) is Mid Cap Growth Equities fund tracking the CRSP US Mid Cap Growth Index. Over the past 10 years, ^SP600 returned 9.06%/yr vs 11.79%/yr for VOT. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
^SP600 vs. VOT - Performance Comparison
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Returns By Period
In the year-to-date period, ^SP600 achieves a 20.10% return, which is significantly higher than VOT's 7.66% return. Over the past 10 years, ^SP600 has underperformed VOT with an annualized return of 9.06%, while VOT has yielded a comparatively higher 11.79% annualized return.
^SP600
- 1D
- -0.39%
- 1M
- 1.04%
- 6M
- 14.10%
- YTD
- 20.10%
- 1Y
- 28.06%
- 3Y*
- 12.54%
- 5Y*
- 5.90%
- 10Y*
- 9.06%
VOT
- 1D
- -0.91%
- 1M
- 0.93%
- 6M
- 4.90%
- YTD
- 7.66%
- 1Y
- 6.42%
- 3Y*
- 13.21%
- 5Y*
- 5.72%
- 10Y*
- 11.79%
^SP600 vs. VOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^SP600 S&P 600 | 20.10% | 4.23% | 6.82% | 13.89% | -17.42% | 25.27% | 9.57% | 20.86% | -9.75% | 11.73% |
VOT Vanguard Mid-Cap Growth ETF | 7.66% | 10.72% | 16.38% | 23.10% | -28.87% | 20.50% | 34.50% | 33.76% | -5.56% | 21.80% |
Correlation
The correlation between ^SP600 and VOT is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2006 | 0.84 |
The correlation between ^SP600 and VOT has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
^SP600 vs. VOT — Risk / Return Rank
^SP600
VOT
^SP600 vs. VOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 600 (^SP600) and Vanguard Mid-Cap Growth ETF (VOT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^SP600 | VOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.08 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 0.40 | +2.75 |
| Martin ratioReturn relative to average drawdown | 10.58 | 1.20 | +9.38 |
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Drawdowns
^SP600 vs. VOT - Drawdown Comparison
The maximum ^SP600 drawdown since its inception was -59.17%, roughly equal to the maximum VOT drawdown of -60.16%. Use the drawdown chart below to compare losses from any high point for ^SP600 and VOT.
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Drawdown Indicators
| ^SP600 | VOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.17% | -60.16% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -15.96% | +7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -28.39% | -21.77% | -6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -28.39% | -37.19% | +8.80% |
Max Drawdown (10Y)Largest decline over 10 years | -45.77% | -37.19% | -8.58% |
Current DrawdownCurrent decline from peak | -2.30% | -2.21% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -9.92% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 5.36% | -2.70% |
Volatility
^SP600 vs. VOT - Volatility Comparison
The current volatility for S&P 600 (^SP600) is 4.60%, while Vanguard Mid-Cap Growth ETF (VOT) has a volatility of 6.09%. This indicates that ^SP600 experiences smaller price fluctuations and is considered to be less risky than VOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^SP600 | VOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 6.09% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 13.86% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 17.08% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 21.57% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 21.01% | +2.13% |
Frequently Asked Questions
^SP600 and VOT have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOT has higher volatility (6.09%) compared to ^SP600 (4.60%). In terms of maximum drawdown, ^SP600 dropped -59.17% vs VOT's -60.16%.
^SP600 currently has the higher Sharpe Ratio (1.60 vs 0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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