SMLK.DE vs. VIOV
SMLK.DE (Invesco S&P SmallCap 600 UCITS ETF A) and VIOV (Vanguard S&P Small-Cap 600 Value ETF) are both exchange-traded funds - SMLK.DE is a Small Cap Blend Equities fund tracking the S&P SmallCap 600, while VIOV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 5 years, SMLK.DE returned 6.72%/yr vs 6.74%/yr for VIOV. A 0.65 correlation means they provide meaningful diversification when combined. SMLK.DE charges 0.14%/yr vs 0.10%/yr for VIOV.
Performance
SMLK.DE vs. VIOV - Performance Comparison
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Different Trading Currencies
SMLK.DE is traded in EUR, while VIOV is traded in USD. To make them comparable, the VIOV values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMLK.DE achieves a 14.65% return, which is significantly lower than VIOV's 16.66% return.
SMLK.DE
- 1D
- -0.23%
- 1M
- 2.38%
- YTD
- 14.65%
- 6M
- 15.25%
- 1Y
- 29.36%
- 3Y*
- 11.90%
- 5Y*
- 6.72%
- 10Y*
- —
VIOV
- 1D
- -1.07%
- 1M
- 2.99%
- YTD
- 16.66%
- 6M
- 15.39%
- 1Y
- 34.33%
- 3Y*
- 11.26%
- 5Y*
- 6.74%
- 10Y*
- 10.00%
SMLK.DE vs. VIOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMLK.DE Invesco S&P SmallCap 600 UCITS ETF A | 14.65% | -4.02% | 13.30% | 13.97% | -11.83% | 10.98% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 16.66% | -6.03% | 14.54% | 11.90% | -5.87% | 9.43% |
Correlation
The correlation between SMLK.DE and VIOV is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.65 |
The correlation between SMLK.DE and VIOV has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.
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Return for Risk
SMLK.DE vs. VIOV — Risk / Return Rank
SMLK.DE
VIOV
SMLK.DE vs. VIOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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.
| SMLK.DE | VIOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 4.65 | +0.10 |
| Martin ratioReturn relative to average drawdown | 13.42 | 14.92 | -1.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMLK.DE | VIOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.91 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.31 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.55 | -0.22 |
Drawdowns
SMLK.DE vs. VIOV - Drawdown Comparison
The maximum SMLK.DE drawdown since its inception was -32.69%, smaller than the maximum VIOV drawdown of -43.38%. Use the drawdown chart below to compare losses from any high point for SMLK.DE and VIOV.
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Drawdown Indicators
| SMLK.DE | VIOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -43.38% | +10.69% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -7.41% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -32.69% | -32.59% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -32.69% | -32.59% | -0.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.38% | — |
Current DrawdownCurrent decline from peak | -0.68% | -1.07% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -7.62% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 2.31% | -0.13% |
Volatility
SMLK.DE vs. VIOV - Volatility Comparison
Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) and Vanguard S&P Small-Cap 600 Value ETF (VIOV) have volatilities of 3.98% and 4.05%, 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
| SMLK.DE | VIOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 4.05% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 11.60% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 18.26% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 21.60% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 24.18% | -4.20% |
SMLK.DE vs. VIOV - Expense Ratio Comparison
SMLK.DE has a 0.14% expense ratio, which is higher than VIOV's 0.10% 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
SMLK.DE vs. VIOV - Dividend Comparison
SMLK.DE has not paid dividends to shareholders, while VIOV's dividend yield for the trailing twelve months is around 1.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLK.DE Invesco S&P SmallCap 600 UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 1.59% | 1.69% | 1.78% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% |
Frequently Asked Questions
SMLK.DE and VIOV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VIOV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VIOV is cheaper with a 0.10% expense ratio, compared with 0.14% for SMLK.DE.
SMLK.DE is categorized as Small Cap Blend Equities, while VIOV is Small Cap Value Equities. SMLK.DE tracks S&P SmallCap 600, while VIOV tracks S&P SmallCap 600 Value Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.14% for SMLK.DE and 0.10% for VIOV.
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