VIOG vs. BKSE

Last updated Aug 4, 2026

VIOG (Vanguard S&P Small-Cap 600 Growth ETF) and BKSE (BNY Mellon US Small Cap Core Equity ETF) are both Small Cap Growth Equities funds - VIOG tracks the S&P SmallCap 600 Growth Index while BKSE tracks the Morningstar US Small Cap Index. Both are passively managed. Over the past 5 years, VIOG returned 7.08%/yr vs 9.11%/yr for BKSE. Their 0.96 correlation means they have historically moved very closely together. VIOG charges 0.15%/yr vs 0.04%/yr for BKSE.

Performance

VIOG vs. BKSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and BNY Mellon US Small Cap Core Equity ETF (BKSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIOG achieves a 24.91% return, which is significantly higher than BKSE's 20.27% return.

VIOG

• 1D: 1.77%
• 1M: 0.05%
• 6M: 17.89%
• YTD: 24.91%
• 1Y: 34.56%
• 3Y*: 15.08%
• 5Y*: 7.08%
• 10Y*: 11.09%
• ALL TIME*: 12.94%

BKSE

• 1D: 1.78%
• 1M: 1.08%
• 6M: 13.72%
• YTD: 20.27%
• 1Y: 37.25%
• 3Y*: 16.98%
• 5Y*: 9.11%
• 10Y*: —
• ALL TIME*: 16.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKSE BNY Mellon US Small Cap Core Equity ETF	$343.03K	$235.90K	$242.30K
VIOG Vanguard S&P Small-Cap 600 Growth ETF	$3.70M	$4.45M	$4.82M

VIOG vs. BKSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VIOG Vanguard S&P Small-Cap 600 Growth ETF	24.91%	5.40%	9.23%	16.92%	-21.14%	22.49%	61.05%
BKSE BNY Mellon US Small Cap Core Equity ETF	20.27%	13.09%	9.56%	22.37%	-18.44%	16.18%	53.89%

Correlation

The correlation between VIOG and BKSE is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020	0.96

The correlation between VIOG and BKSE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

VIOG vs. BKSE - Sectors Allocation Comparison

Sectors	VIOG	BKSE
Industrials	19.5%	14.9%
Technology	17.6%	16.0%
Healthcare	16.9%	14.2%
Financial Services	13.7%	16.4%
Consumer Cyclical	11.0%	13.5%
Real Estate	6.8%	7.2%
Energy	3.8%	5.9%
Consumer Defensive	3.4%	2.6%
Basic Materials	3.1%	4.3%
Communication Services	2.4%	2.0%
Utilities	1.6%	3.1%

Return for Risk

VIOG vs. BKSE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VIOG

VIOG Risk / Return Rank: 84
VIOG Sharpe Ratio Rank: 82
VIOG Sortino Ratio Rank: 85
VIOG Omega Ratio Rank: 78
VIOG Calmar Ratio Rank: 89
VIOG Martin Ratio Rank: 86

BKSE

BKSE Risk / Return Rank: 87
BKSE Sharpe Ratio Rank: 86
BKSE Sortino Ratio Rank: 88
BKSE Omega Ratio Rank: 82
BKSE Calmar Ratio Rank: 90
BKSE Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VIOG vs. BKSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and BNY Mellon US Small Cap Core Equity ETF (BKSE). 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.

	VIOG	BKSE	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.16	-0.21
Sortino ratio: Return per unit of downside risk	2.88	3.11	-0.23
Omega ratio: Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio: Return relative to maximum drawdown	3.84	3.98	-0.14
Martin ratio: Return relative to average drawdown	12.84	14.29	-1.45

VIOG vs. BKSE - Sharpe Ratio Comparison

The current VIOG Sharpe Ratio is 1.95, which is comparable to the BKSE Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of VIOG and BKSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VIOG vs. BKSE - Drawdown Comparison

The maximum VIOG drawdown since its inception was -41.73%, which is greater than BKSE's maximum drawdown of -29.08%. Use the drawdown chart below to compare losses from any high point for VIOG and BKSE.

Drawdown Indicators

	VIOG	BKSE	Difference
Max Drawdown Largest peak-to-trough decline	-41.73%	-29.08%	-12.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-9.40%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-27.35%	-26.76%	-0.59%
Max Drawdown (5Y) Largest decline over 5 years	-29.15%	-29.08%	-0.07%
Max Drawdown (10Y) Largest decline over 10 years	-41.73%	—	—
Current Drawdown Current decline from peak	-1.58%	0.00%	-1.58%
Average Drawdown Average peak-to-trough decline	-7.56%	-8.85%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	2.61%	+0.09%

Volatility

VIOG vs. BKSE - Volatility Comparison

Vanguard S&P Small-Cap 600 Growth ETF (VIOG) has a higher volatility of 4.44% compared to BNY Mellon US Small Cap Core Equity ETF (BKSE) at 3.80%. This indicates that VIOG's price experiences larger fluctuations and is considered to be riskier than BKSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIOG	BKSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	3.80%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	11.99%	+1.01%
Volatility (1Y) Calculated over the trailing 1-year period	17.87%	17.39%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.48%	21.36%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.84%	22.13%	+0.71%

VIOG vs. BKSE - Expense Ratio Comparison

VIOG has a 0.15% expense ratio, which is higher than BKSE's 0.04% 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

VIOG vs. BKSE - Dividend Comparison

VIOG's dividend yield for the trailing twelve months is around 0.75%, less than BKSE's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKSE BNY Mellon US Small Cap Core Equity ETF	1.19%	1.26%	1.55%	1.38%	1.50%	1.17%	0.82%	0.00%	0.00%	0.00%	0.00%	0.00%
VIOG Vanguard S&P Small-Cap 600 Growth ETF	0.75%	1.04%	1.03%	1.15%	1.17%	0.69%	0.68%	1.09%	0.76%	0.87%	0.92%	1.04%

Frequently Asked Questions

Can I hold both VIOG and BKSE in my portfolio?

With a correlation of 0.95, VIOG and BKSE 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.

Which is riskier, VIOG or BKSE?

VIOG has higher volatility (4.44%) compared to BKSE (3.80%). In terms of maximum drawdown, VIOG dropped -41.73% vs BKSE's -29.08%.

Which ETF is better, VIOG or BKSE?

On 5-year performance, BKSE leads with 9.11% vs 7.08% for VIOG. On fees, BKSE is cheaper at 0.04% per year. On volatility, BKSE has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VIOG or BKSE?

Over the 5-year period, BKSE has performed better with a 9.11% return vs 7.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VIOG or BKSE?

BKSE is cheaper with a 0.04% expense ratio, compared with 0.15% for VIOG.

Which ETF pays a higher dividend yield, VIOG or BKSE?

BKSE has the higher dividend yield at 1.19%, compared with 0.75% for VIOG.

What is the main difference between VIOG and BKSE?

VIOG tracks S&P SmallCap 600 Growth Index, while BKSE tracks Morningstar US Small Cap Index. They also come from different issuers: Vanguard and BNY Mellon. Their fees differ too: 0.15% for VIOG and 0.04% for BKSE.

Which has better risk-adjusted returns?

BKSE currently has the higher Sharpe Ratio (2.16 vs 1.95), 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.