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SLYG vs. VIOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SLYG vs. VIOO

Last updated Jun 23, 2026

SLYG (SPDR S&P 600 Small Cap Growth ETF) and VIOO (Vanguard S&P Small-Cap 600 ETF) are both exchange-traded funds - SLYG is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth Index, while VIOO is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, SLYG returned 11.75%/yr vs 11.35%/yr for VIOO. With a 0.95 correlation, they move nearly in lockstep. SLYG charges 0.15%/yr vs 0.07%/yr for VIOO.

Performance

SLYG vs. VIOO - 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 ETF (VIOO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SLYG achieves a 21.87% return, which is significantly higher than VIOO's 19.73% return. Both investments have delivered pretty close results over the past 10 years, with SLYG having a 11.75% annualized return and VIOO not far behind at 11.35%.

SLYG

1D
0.35%
1M
6.00%
YTD
21.87%
6M
17.87%
1Y
34.08%
3Y*
16.89%
5Y*
6.59%
10Y*
11.75%

VIOO

1D
0.05%
1M
4.59%
YTD
19.73%
6M
16.79%
1Y
36.99%
3Y*
16.33%
5Y*
6.65%
10Y*
11.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLYG vs. VIOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SLYG
SPDR S&P 600 Small Cap Growth ETF		21.87%5.20%9.38%17.27%-21.26%22.42%19.48%20.97%-4.20%14.62%
VIOO
Vanguard S&P Small-Cap 600 ETF		19.73%6.04%8.48%16.16%-16.26%26.79%11.47%22.68%-8.65%13.16%

Correlation

The correlation between SLYG and VIOO is 0.97 - 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

0.97

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

0.98

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

0.98

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

0.98

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

0.95

The correlation between SLYG and VIOO has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

SLYG vs. VIOO - Sectors Allocation Comparison

Sectors
SLYG
VIOO

Technology

19.9%
15.5%

Industrials

18.9%
15.5%

Healthcare

15.1%
11.0%

Financial Services

13.6%
16.9%

Consumer Cyclical

11.0%
13.4%

Real Estate

6.3%
7.7%

Energy

4.6%
5.9%

Consumer Defensive

3.0%
3.5%

Communication Services

2.9%
3.6%

Basic Materials

2.8%
5.1%

Utilities

1.8%
2.0%

Technology

SLYG
19.9%
VIOO
15.5%

Industrials

SLYG
18.9%
VIOO
15.5%

Healthcare

SLYG
15.1%
VIOO
11.0%

Financial Services

SLYG
13.6%
VIOO
16.9%

Consumer Cyclical

SLYG
11.0%
VIOO
13.4%

Real Estate

SLYG
6.3%
VIOO
7.7%

Energy

SLYG
4.6%
VIOO
5.9%

Consumer Defensive

SLYG
3.0%
VIOO
3.5%

Communication Services

SLYG
2.9%
VIOO
3.6%

Basic Materials

SLYG
2.8%
VIOO
5.1%

Utilities

SLYG
1.8%
VIOO
2.0%

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 ETF

Often compared with SLYG:
SLYG vs. SLYVSLYG vs. VBKSLYG vs. IWOSLYG vs. IJTSLYG vs. VIOGSLYG vs. IJRSLYG vs. XSMO
Often compared with VIOO:
VIOO vs. VBVIOO vs. IJRVIOO vs. VOVIOO vs. AVUVVIOO vs. VIOVVIOO vs. VTWOVIOO vs. VIOG

Return for Risk

SLYG vs. VIOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SLYG
SLYG Risk / Return Rank: 6565
Overall Rank
SLYG Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
SLYG Sortino Ratio Rank: 6161
Sortino Ratio Rank
SLYG Omega Ratio Rank: 5454
Omega Ratio Rank
SLYG Calmar Ratio Rank: 7676
Calmar Ratio Rank
SLYG Martin Ratio Rank: 7373
Martin Ratio Rank
VIOO
VIOO Risk / Return Rank: 7171
Overall Rank
VIOO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
VIOO Sortino Ratio Rank: 6969
Sortino Ratio Rank
VIOO Omega Ratio Rank: 6060
Omega Ratio Rank
VIOO Calmar Ratio Rank: 8383
Calmar Ratio Rank
VIOO Martin Ratio Rank: 7777
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. VIOO - 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 ETF (VIOO). 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.

SLYGVIOODifference
Sharpe ratioReturn per unit of total volatility
1.91
2.09

-0.18

Sortino ratioReturn per unit of downside risk
2.78
3.00

-0.22

Omega ratioGain probability vs. loss probability

1.33

1.36

-0.03

Calmar ratioReturn relative to maximum drawdown

3.76

4.24

-0.48

Martin ratioReturn relative to average drawdown

13.24

14.31

-1.07

SLYG vs. VIOO - Sharpe Ratio Comparison

The current SLYG Sharpe Ratio is 1.91, which is comparable to the VIOO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SLYG and VIOO, 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. VIOO - Drawdown Comparison

The maximum SLYG drawdown since its inception was -62.92%, which is greater than VIOO's maximum drawdown of -44.15%. Use the drawdown chart below to compare losses from any high point for SLYG and VIOO.

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Drawdown Indicators

SLYGVIOODifference

Max Drawdown

Largest peak-to-trough decline

-62.92%

-44.15%

-18.77%

Max Drawdown (1Y)

Largest decline over 1 year

-9.10%

-8.77%

-0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-27.39%

-27.93%

+0.54%

Max Drawdown (5Y)

Largest decline over 5 years

-29.18%

-27.93%

-1.25%

Max Drawdown (10Y)

Largest decline over 10 years

-41.86%

-44.15%

+2.29%

Current Drawdown

Current decline from peak

0.00%

-0.12%

+0.12%

Average Drawdown

Average peak-to-trough decline

-14.88%

-7.31%

-7.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.58%

2.59%

-0.01%

Volatility

SLYG vs. VIOO - Volatility Comparison

SPDR S&P 600 Small Cap Growth ETF (SLYG) has a higher volatility of 5.21% compared to Vanguard S&P Small-Cap 600 ETF (VIOO) at 4.93%. This indicates that SLYG's price experiences larger fluctuations and is considered to be riskier than VIOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SLYGVIOODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.21%

4.93%

+0.28%

Volatility (6M)

Calculated over the trailing 6-month period

12.96%

12.10%

+0.86%

Volatility (1Y)

Calculated over the trailing 1-year period

17.96%

17.80%

+0.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.56%

21.40%

+0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.77%

23.01%

-0.24%

SLYG vs. VIOO - Expense Ratio Comparison

SLYG has a 0.15% expense ratio, which is higher than VIOO's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SLYG vs. VIOO - Dividend Comparison

SLYG's dividend yield for the trailing twelve months is around 0.88%, less than VIOO's 1.13% 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%
VIOO
Vanguard S&P Small-Cap 600 ETF		1.13%1.36%1.48%1.47%1.51%1.16%1.09%1.37%1.32%1.11%1.06%1.26%

Frequently Asked Questions

With a correlation of 0.97, SLYG and VIOO 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.

SLYG has higher volatility (5.21%) compared to VIOO (4.93%). In terms of maximum drawdown, SLYG dropped -62.92% vs VIOO's -44.15%.

On 10-year performance, SLYG leads with 11.75% vs 11.35% for VIOO. On fees, VIOO is cheaper at 0.07% per year. On volatility, VIOO has been the lower-risk option at 4.93%. 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 11.75% return vs 11.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VIOO is cheaper with a 0.07% expense ratio, compared with 0.15% for SLYG.

VIOO has the higher dividend yield at 1.13%, compared with 0.88% for SLYG.

SLYG is categorized as Small Cap Growth Equities, while VIOO is Small Cap Blend Equities. SLYG tracks S&P SmallCap 600 Growth Index, while VIOO tracks S&P SmallCap 600 Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for SLYG and 0.07% for VIOO.

VIOO currently has the higher Sharpe Ratio (2.09 vs 1.91), 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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