EDIV vs. VSIAX

Last updated Jul 21, 2026

EDIV (SPDR S&P Emerging Markets Dividend ETF) and VSIAX (Vanguard Small-Cap Value Index Fund Admiral Shares) are both funds - EDIV is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index, while VSIAX is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index. Both are passively managed. Over the past 10 years, EDIV returned 8.40%/yr vs 10.66%/yr for VSIAX. A 0.58 correlation means they provide meaningful diversification when combined. EDIV charges 0.49%/yr vs 0.07%/yr for VSIAX.

Performance

EDIV vs. VSIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Emerging Markets Dividend ETF (EDIV) and Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDIV achieves a 9.11% return, which is significantly lower than VSIAX's 16.42% return. Over the past 10 years, EDIV has underperformed VSIAX with an annualized return of 8.40%, while VSIAX has yielded a comparatively higher 10.66% annualized return.

EDIV

• 1D: -0.52%
• 1M: 1.79%
• 6M: 6.50%
• YTD: 9.11%
• 1Y: 13.09%
• 3Y*: 16.35%
• 5Y*: 12.20%
• 10Y*: 8.40%
• ALL TIME*: 3.21%

VSIAX

• 1D: -0.65%
• 1M: 2.83%
• 6M: 9.60%
• YTD: 16.42%
• 1Y: 24.20%
• 3Y*: 14.80%
• 5Y*: 10.27%
• 10Y*: 10.66%
• ALL TIME*: 12.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDIV vs. VSIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDIV SPDR S&P Emerging Markets Dividend ETF	9.11%	16.45%	12.75%	41.91%	-15.31%	11.21%	-9.95%	11.80%	-6.16%	28.20%
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares	16.42%	9.09%	11.34%	17.06%	-9.31%	28.10%	5.80%	22.76%	-12.24%	11.80%

Correlation

The correlation between EDIV and VSIAX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Sep 27, 2011	0.58

The correlation between EDIV and VSIAX has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

EDIV vs. VSIAX - Sectors Allocation Comparison

Sectors	EDIV	VSIAX
Financial Services	30.3%	17.5%
Communication Services	14.0%	2.8%
Consumer Defensive	13.2%	4.0%
Consumer Cyclical	11.9%	12.5%
Technology	9.7%	12.1%
Industrials	9.2%	17.4%
Real Estate	3.3%	10.5%
Energy	3.2%	4.3%
Utilities	2.4%	4.6%
Basic Materials	1.5%	6.0%
Healthcare	1.4%	8.3%

Return for Risk

EDIV vs. VSIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDIV

EDIV Risk / Return Rank: 36
EDIV Sharpe Ratio Rank: 38
EDIV Sortino Ratio Rank: 37
EDIV Omega Ratio Rank: 37
EDIV Calmar Ratio Rank: 33
EDIV Martin Ratio Rank: 33

VSIAX

VSIAX Risk / Return Rank: 58
VSIAX Sharpe Ratio Rank: 50
VSIAX Sortino Ratio Rank: 58
VSIAX Omega Ratio Rank: 46
VSIAX Calmar Ratio Rank: 73
VSIAX Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDIV vs. VSIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Dividend ETF (EDIV) and Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX). 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.

	EDIV	VSIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.62	-0.59
Sortino ratio: Return per unit of downside risk	1.52	2.42	-0.90
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio: Return relative to maximum drawdown	1.27	2.73	-1.46
Martin ratio: Return relative to average drawdown	3.70	9.71	-6.01

EDIV vs. VSIAX - Sharpe Ratio Comparison

The current EDIV Sharpe Ratio is 1.03, which is lower than the VSIAX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of EDIV and VSIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EDIV vs. VSIAX - Drawdown Comparison

The maximum EDIV drawdown since its inception was -53.36%, which is greater than VSIAX's maximum drawdown of -45.39%. Use the drawdown chart below to compare losses from any high point for EDIV and VSIAX.

Drawdown Indicators

	EDIV	VSIAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.36%	-45.39%	-7.97%
Max Drawdown (1Y) Largest decline over 1 year	-10.36%	-8.87%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-24.09%	+10.25%
Max Drawdown (5Y) Largest decline over 5 years	-28.32%	-24.09%	-4.23%
Max Drawdown (10Y) Largest decline over 10 years	-40.76%	-45.39%	+4.63%
Current Drawdown Current decline from peak	-1.64%	-0.65%	-0.99%
Average Drawdown Average peak-to-trough decline	-19.23%	-5.45%	-13.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	2.49%	+1.05%

Volatility

EDIV vs. VSIAX - Volatility Comparison

SPDR S&P Emerging Markets Dividend ETF (EDIV) has a higher volatility of 3.83% compared to Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) at 3.27%. This indicates that EDIV's price experiences larger fluctuations and is considered to be riskier than VSIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDIV	VSIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	3.27%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	11.05%	10.52%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	15.00%	-2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	19.64%	-5.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.30%	22.37%	-5.07%

EDIV vs. VSIAX - Expense Ratio Comparison

EDIV has a 0.49% expense ratio, which is higher than VSIAX's 0.07% expense ratio.

Dividends

EDIV vs. VSIAX - Dividend Comparison

EDIV's dividend yield for the trailing twelve months is around 4.16%, more than VSIAX's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDIV SPDR S&P Emerging Markets Dividend ETF	4.16%	4.69%	3.94%	4.26%	4.94%	3.84%	3.52%	3.83%	3.41%	2.99%	4.94%	5.33%
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares	1.76%	1.95%	1.98%	2.10%	2.03%	1.75%	1.68%	2.06%	2.35%	1.79%	1.77%	1.99%

Frequently Asked Questions

Can I hold both EDIV and VSIAX in my portfolio?

EDIV and VSIAX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDIV or VSIAX?

EDIV has higher volatility (3.83%) compared to VSIAX (3.27%). In terms of maximum drawdown, EDIV dropped -53.36% vs VSIAX's -45.39%.

Which has better risk-adjusted returns?

VSIAX currently has the higher Sharpe Ratio (1.61 vs 1.03), 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.