SPSM vs. VIOO
Compare and contrast key facts about SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and Vanguard S&P Small-Cap 600 ETF (VIOO).
SPSM and VIOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013. VIOO is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 Index. It was launched on Sep 7, 2010. Both SPSM and VIOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPSM or VIOO.
Performance
SPSM vs. VIOO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SPSM having a 14.89% return and VIOO slightly lower at 14.79%. Over the past 10 years, SPSM has underperformed VIOO with an annualized return of 9.22%, while VIOO has yielded a comparatively higher 9.72% annualized return.
SPSM
14.89%
6.50%
14.98%
30.13%
10.65%
9.22%
VIOO
14.79%
6.51%
14.93%
29.97%
10.69%
9.72%
Key characteristics
| SPSM | VIOO | |
|---|---|---|
| Sharpe Ratio | 1.54 | 1.54 |
| Sortino Ratio | 2.29 | 2.27 |
| Omega Ratio | 1.27 | 1.27 |
| Calmar Ratio | 1.72 | 1.71 |
| Martin Ratio | 8.68 | 8.56 |
| Ulcer Index | 3.54% | 3.58% |
| Daily Std Dev | 19.96% | 19.97% |
| Max Drawdown | -42.89% | -44.15% |
| Current Drawdown | -2.51% | -2.58% |
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SPSM vs. VIOO - Expense Ratio Comparison
SPSM has a 0.05% expense ratio, which is lower than VIOO's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SPSM and VIOO is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPSM vs. VIOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 600 Small Cap ETF (SPSM) 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.
Dividends
SPSM vs. VIOO - Dividend Comparison
SPSM's dividend yield for the trailing twelve months is around 1.77%, more than VIOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.77% | 1.61% | 1.38% | 1.41% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% | 0.68% |
VIOO Vanguard S&P Small-Cap 600 ETF | 1.28% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 0.95% | 1.26% | 1.06% | 0.86% |
Drawdowns
SPSM vs. VIOO - Drawdown Comparison
The maximum SPSM drawdown since its inception was -42.89%, roughly equal to the maximum VIOO drawdown of -44.15%. Use the drawdown chart below to compare losses from any high point for SPSM and VIOO. For additional features, visit the drawdowns tool.
Volatility
SPSM vs. VIOO - Volatility Comparison
SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and Vanguard S&P Small-Cap 600 ETF (VIOO) have volatilities of 7.51% and 7.55%, 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.