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SLYG vs. VIOG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SLYG vs. VIOG

Last updated Jun 24, 2026

SLYG (SPDR S&P 600 Small Cap Growth ETF) and VIOG (Vanguard S&P Small-Cap 600 Growth ETF) are both Small Cap Growth Equities funds tracking the S&P SmallCap 600 Growth Index, from State Street and Vanguard respectively. Both are passively managed. Over the past 10 years, SLYG returned 11.70%/yr vs 11.67%/yr for VIOG. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.

Performance

SLYG vs. VIOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 600 Small Cap Growth ETF (SLYG) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with SLYG having a 21.33% return and VIOG slightly lower at 21.22%. Both investments have delivered pretty close results over the past 10 years, with SLYG having a 11.70% annualized return and VIOG not far behind at 11.67%.

SLYG

1D
-0.45%
1M
5.52%
YTD
21.33%
6M
17.84%
1Y
31.70%
3Y*
16.71%
5Y*
6.23%
10Y*
11.70%

VIOG

1D
-0.43%
1M
5.48%
YTD
21.22%
6M
17.74%
1Y
31.94%
3Y*
16.72%
5Y*
6.20%
10Y*
11.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLYG vs. VIOG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SLYG
SPDR S&P 600 Small Cap Growth ETF		21.33%5.20%9.38%17.27%-21.26%22.42%19.48%20.97%-4.20%14.62%
VIOG
Vanguard S&P Small-Cap 600 Growth ETF		21.22%5.40%9.23%16.92%-21.14%22.49%19.68%21.16%-4.57%14.70%

Correlation

The correlation between SLYG and VIOG is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (10Y)
Calculated over the trailing 10-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.96

The correlation between SLYG and VIOG has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.

SLYG vs. VIOG - Sectors Allocation Comparison

Sectors
SLYG
VIOG

Technology

19.9%
19.7%

Industrials

18.9%
19.5%

Healthcare

15.1%
14.6%

Financial Services

13.6%
13.7%

Consumer Cyclical

11.0%
10.9%

Real Estate

6.3%
6.6%

Energy

4.6%
4.1%

Consumer Defensive

3.0%
3.3%

Communication Services

2.9%
2.7%

Basic Materials

2.8%
3.1%

Utilities

1.8%
1.7%

Technology

SLYG
19.9%
VIOG
19.7%

Industrials

SLYG
18.9%
VIOG
19.5%

Healthcare

SLYG
15.1%
VIOG
14.6%

Financial Services

SLYG
13.6%
VIOG
13.7%

Consumer Cyclical

SLYG
11.0%
VIOG
10.9%

Real Estate

SLYG
6.3%
VIOG
6.6%

Energy

SLYG
4.6%
VIOG
4.1%

Consumer Defensive

SLYG
3.0%
VIOG
3.3%

Communication Services

SLYG
2.9%
VIOG
2.7%

Basic Materials

SLYG
2.8%
VIOG
3.1%

Utilities

SLYG
1.8%
VIOG
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P 600 Small Cap Growth ETF

Vanguard S&P Small-Cap 600 Growth ETF

Often compared with SLYG:
SLYG vs. SLYVSLYG vs. VBKSLYG vs. IWOSLYG vs. IJTSLYG vs. IJRSLYG vs. XSMOSLYG vs. VIOO
Often compared with VIOG:
VIOG vs. VBKVIOG vs. VIOOVIOG vs. VIOVVIOG vs. VTWGVIOG vs. VOOVIOG vs. XSMOVIOG vs. ISCG

Return for Risk

SLYG vs. VIOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SLYG
SLYG Risk / Return Rank: 6161
Overall Rank
SLYG Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SLYG Sortino Ratio Rank: 5858
Sortino Ratio Rank
SLYG Omega Ratio Rank: 5151
Omega Ratio Rank
SLYG Calmar Ratio Rank: 7373
Calmar Ratio Rank
SLYG Martin Ratio Rank: 7070
Martin Ratio Rank
VIOG
VIOG Risk / Return Rank: 6161
Overall Rank
VIOG Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
VIOG Sortino Ratio Rank: 5858
Sortino Ratio Rank
VIOG Omega Ratio Rank: 5151
Omega Ratio Rank
VIOG Calmar Ratio Rank: 7373
Calmar Ratio Rank
VIOG Martin Ratio Rank: 6969
Martin Ratio Rank
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.

SLYG vs. VIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Growth ETF (SLYG) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG). 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.

SLYGVIOGDifference
Sharpe ratioReturn per unit of total volatility
1.78
1.79

-0.01

Sortino ratioReturn per unit of downside risk
2.62
2.64

-0.02

Omega ratioGain probability vs. loss probability

1.31

1.31

0.00

Calmar ratioReturn relative to maximum drawdown

3.50

3.55

-0.05

Martin ratioReturn relative to average drawdown

12.32

12.24

+0.08

SLYG vs. VIOG - Sharpe Ratio Comparison

The current SLYG Sharpe Ratio is 1.78, which is comparable to the VIOG Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of SLYG and VIOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SLYG vs. VIOG - Drawdown Comparison

The maximum SLYG drawdown since its inception was -62.92%, which is greater than VIOG's maximum drawdown of -41.73%. Use the drawdown chart below to compare losses from any high point for SLYG and VIOG.

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Drawdown Indicators

SLYGVIOGDifference

Max Drawdown

Largest peak-to-trough decline

-62.92%

-41.73%

-21.19%

Max Drawdown (1Y)

Largest decline over 1 year

-9.10%

-9.03%

-0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-27.39%

-27.35%

-0.04%

Max Drawdown (5Y)

Largest decline over 5 years

-29.18%

-29.15%

-0.03%

Max Drawdown (10Y)

Largest decline over 10 years

-41.86%

-41.73%

-0.13%

Current Drawdown

Current decline from peak

-0.45%

-0.43%

-0.02%

Average Drawdown

Average peak-to-trough decline

-14.88%

-7.60%

-7.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.58%

2.62%

-0.04%

Volatility

SLYG vs. VIOG - Volatility Comparison

SPDR S&P 600 Small Cap Growth ETF (SLYG) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG) have volatilities of 5.27% and 5.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SLYGVIOGDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.27%

5.47%

-0.20%

Volatility (6M)

Calculated over the trailing 6-month period

12.98%

13.02%

-0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

17.94%

17.92%

+0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.56%

21.53%

+0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.74%

22.86%

-0.12%

SLYG vs. VIOG - Expense Ratio Comparison

Both SLYG and VIOG have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SLYG vs. VIOG - Dividend Comparison

SLYG's dividend yield for the trailing twelve months is around 0.67%, less than VIOG's 0.80% yield.

PositionTTM20252024202320222021202020192018201720162015
SLYG
SPDR S&P 600 Small Cap Growth ETF		0.67%0.86%1.22%1.18%1.18%0.68%0.71%1.08%1.06%4.74%1.13%5.75%
VIOG
Vanguard S&P Small-Cap 600 Growth ETF		0.80%1.04%1.03%1.15%1.17%0.69%0.68%1.09%0.76%0.87%0.92%1.04%

Frequently Asked Questions

With a correlation of 0.99, SLYG and VIOG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

VIOG has higher volatility (5.47%) compared to SLYG (5.27%). In terms of maximum drawdown, SLYG dropped -62.92% vs VIOG's -41.73%.

On 10-year performance, SLYG leads with 11.70% vs 11.67% for VIOG. Both ETFs have the same 0.15% expense ratio. On volatility, SLYG has been the lower-risk option at 5.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SLYG has performed better with a 11.70% return vs 11.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SLYG and VIOG have the same expense ratio: 0.15% per year.

VIOG has the higher dividend yield at 0.80%, compared with 0.67% for SLYG.

Both ETFs track S&P SmallCap 600 Growth Index. They also come from different issuers: State Street and Vanguard.

VIOG currently has the higher Sharpe Ratio (1.79 vs 1.78), 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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