VESMX vs. VSMAX
Compare and contrast key facts about VELA Small Cap Fund (VESMX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX).
VESMX is managed by VELA Funds. It was launched on Sep 29, 2020. VSMAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
VESMX vs. VSMAX - Performance Comparison
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VESMX vs. VSMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VESMX VELA Small Cap Fund | -1.56% | 8.12% | 10.77% | 11.22% | -5.53% | 31.60% | 21.26% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | -1.21% | 8.83% | 14.23% | 18.17% | -17.61% | 17.74% | 22.51% |
Returns By Period
In the year-to-date period, VESMX achieves a -1.56% return, which is significantly lower than VSMAX's -1.21% return.
VESMX
- 1D
- -0.20%
- 1M
- -6.89%
- YTD
- -1.56%
- 6M
- 4.15%
- 1Y
- 11.94%
- 3Y*
- 9.59%
- 5Y*
- 5.88%
- 10Y*
- —
VSMAX
- 1D
- -0.98%
- 1M
- -8.09%
- YTD
- -1.21%
- 6M
- 0.58%
- 1Y
- 16.07%
- 3Y*
- 11.85%
- 5Y*
- 5.02%
- 10Y*
- 10.15%
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VESMX vs. VSMAX - Expense Ratio Comparison
VESMX has a 1.20% expense ratio, which is higher than VSMAX's 0.05% expense ratio.
Return for Risk
VESMX vs. VSMAX — Risk / Return Rank
VESMX
VSMAX
VESMX vs. VSMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VELA Small Cap Fund (VESMX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). 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.
| VESMX | VSMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.75 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.19 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 0.97 | -0.17 |
Martin ratioReturn relative to average drawdown | 2.97 | 4.20 | -1.23 |
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
| VESMX | VSMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.75 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.24 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.37 | +0.37 |
Correlation
The correlation between VESMX and VSMAX is 0.90, 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.
Dividends
VESMX vs. VSMAX - Dividend Comparison
VESMX's dividend yield for the trailing twelve months is around 1.02%, less than VSMAX's 1.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VESMX VELA Small Cap Fund | 1.02% | 1.01% | 0.22% | 0.66% | 0.69% | 0.98% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.38% | 1.33% | 1.30% | 1.56% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% |
Drawdowns
VESMX vs. VSMAX - Drawdown Comparison
The maximum VESMX drawdown since its inception was -20.35%, smaller than the maximum VSMAX drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for VESMX and VSMAX.
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Drawdown Indicators
| VESMX | VSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.35% | -59.68% | +39.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -14.30% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -28.14% | +7.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.82% | — |
Current DrawdownCurrent decline from peak | -8.20% | -8.97% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -9.75% | +5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 3.30% | +0.11% |
Volatility
VESMX vs. VSMAX - Volatility Comparison
The current volatility for VELA Small Cap Fund (VESMX) is 4.71%, while Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) has a volatility of 5.91%. This indicates that VESMX experiences smaller price fluctuations and is considered to be less risky than VSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VESMX | VSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 5.91% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 12.22% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 21.62% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 20.69% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 21.52% | -3.18% |