TCV vs. VIOV
TCV (Towle Value ETF) and VIOV (Vanguard S&P Small-Cap 600 Value ETF) are both Small Cap Value Equities funds. TCV is actively managed, while VIOV is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. TCV charges 0.85%/yr vs 0.10%/yr for VIOV.
Performance
TCV vs. VIOV - Performance Comparison
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Returns By Period
In the year-to-date period, TCV achieves a 24.97% return, which is significantly higher than VIOV's 18.92% return.
TCV
- 1D
- 0.94%
- 1M
- 2.06%
- 6M
- 16.12%
- YTD
- 24.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VIOV
- 1D
- 1.30%
- 1M
- 1.92%
- 6M
- 13.31%
- YTD
- 18.92%
- 1Y
- 31.26%
- 3Y*
- 14.24%
- 5Y*
- 7.24%
- 10Y*
- 10.24%
TCV vs. VIOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCV Towle Value ETF | 24.97% | 2.99% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 18.92% | 12.48% |
Correlation
The correlation between TCV and VIOV is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025 | 0.83 |
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Return for Risk
TCV vs. VIOV — Risk / Return Rank
TCV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VIOV
TCV vs. VIOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Towle Value ETF (TCV) 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.
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.
| TCV | VIOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.37 | — |
| Martin ratioReturn relative to average drawdown | — | 10.99 | — |
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Drawdowns
TCV vs. VIOV - Drawdown Comparison
The maximum TCV drawdown since its inception was -12.23%, smaller than the maximum VIOV drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for TCV and VIOV.
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Drawdown Indicators
| TCV | VIOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -47.36% | +35.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.36% | — |
Current DrawdownCurrent decline from peak | -0.69% | -1.74% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -7.34% | +3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.85% | — |
Volatility
TCV vs. VIOV - Volatility Comparison
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Volatility by Period
| TCV | VIOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.26% | 18.15% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.26% | 21.82% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.26% | 23.82% | -2.56% |
TCV vs. VIOV - Expense Ratio Comparison
TCV has a 0.85% expense ratio, which is higher than VIOV's 0.10% expense ratio.
Dividends
TCV vs. VIOV - Dividend Comparison
TCV's dividend yield for the trailing twelve months is around 0.58%, less than VIOV's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCV Towle Value ETF | 0.58% | 0.31% | 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 | 1.70% | 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
TCV and VIOV have a correlation of 0.83, 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 0.85% for TCV.
VIOV has the higher dividend yield at 1.70%, compared with 0.58% for TCV.
They also come from different issuers: Towle and Vanguard. Their fees differ too: 0.85% for TCV and 0.10% for VIOV.
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