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VIOG vs. ISCG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIOG vs. ISCG

Last updated Aug 2, 2026
Documentation

VIOG (Vanguard S&P Small-Cap 600 Growth ETF) and ISCG (iShares Morningstar Small-Cap Growth ETF) are both Small Cap Growth Equities funds - VIOG tracks the S&P SmallCap 600 Growth Index while ISCG tracks the Morningstar US Small Cap Broad Growth Extended Index. Both are passively managed. Over the past 10 years, VIOG returned 11.09%/yr vs 10.97%/yr for ISCG. Their correlation of 0.88 means they have usually moved in the same direction. VIOG charges 0.15%/yr vs 0.06%/yr for ISCG.

Performance

VIOG vs. ISCG - 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 iShares Morningstar Small-Cap Growth ETF (ISCG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VIOG achieves a 22.73% return, which is significantly higher than ISCG's 13.23% return. Both investments have delivered pretty close results over the past 10 years, with VIOG having a 11.09% annualized return and ISCG not far behind at 10.97%.

VIOG

1D
-0.28%
1M
-1.69%
6M
17.18%
YTD
22.73%
1Y
32.21%
3Y*
13.96%
5Y*
6.55%
10Y*
11.09%
ALL TIME*
12.83%

ISCG

1D
-0.16%
1M
-3.05%
6M
9.27%
YTD
13.23%
1Y
26.04%
3Y*
14.05%
5Y*
5.32%
10Y*
10.97%
ALL TIME*
9.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ISCG

iShares Morningstar Small-Cap Growth ETF
$1.43M$1.55M$1.83M

VIOG

Vanguard S&P Small-Cap 600 Growth ETF
$3.95M$4.53M$4.83M

VIOG vs. ISCG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIOG
Vanguard S&P Small-Cap 600 Growth ETF		22.73%5.40%9.23%16.92%-21.14%22.49%19.68%21.16%-4.57%14.70%
ISCG
iShares Morningstar Small-Cap Growth ETF		13.23%12.88%13.35%23.13%-26.75%-1.26%43.41%27.66%-6.91%24.68%

Correlation

The correlation between VIOG and ISCG is 0.92, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.92

Correlation (3Y)
Balances recent behavior with more history.

0.94

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.94

Correlation (10Y)
Provides a long-term view across more market conditions.

0.91

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.88

The correlation between VIOG and ISCG has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

VIOG vs. ISCG - Sectors Allocation Comparison

Sectors
VIOG
ISCG

Industrials

19.5%
22.2%

Technology

17.6%
21.8%

Healthcare

16.9%
18.3%

Financial Services

13.7%
10.0%

Consumer Cyclical

11.0%
8.4%

Real Estate

6.8%
5.4%

Energy

3.8%
3.1%

Consumer Defensive

3.4%
2.6%

Basic Materials

3.1%
4.3%

Communication Services

2.4%
2.8%

Utilities

1.6%
1.0%

Industrials

VIOG
19.5%
ISCG
22.2%

Technology

VIOG
17.6%
ISCG
21.8%

Healthcare

VIOG
16.9%
ISCG
18.3%

Financial Services

VIOG
13.7%
ISCG
10.0%

Consumer Cyclical

VIOG
11.0%
ISCG
8.4%

Real Estate

VIOG
6.8%
ISCG
5.4%

Energy

VIOG
3.8%
ISCG
3.1%

Consumer Defensive

VIOG
3.4%
ISCG
2.6%

Basic Materials

VIOG
3.1%
ISCG
4.3%

Communication Services

VIOG
2.4%
ISCG
2.8%

Utilities

VIOG
1.6%
ISCG
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P Small-Cap 600 Growth ETF

iShares Morningstar Small-Cap Growth ETF

Often compared with VIOG:
VIOG vs. VBKVIOG vs. VIOOVIOG vs. VIOVVIOG vs. VTWGVIOG vs. SLYGVIOG vs. XSMOVIOG vs. VOO
Often compared with ISCG:
ISCG vs. DGROISCG vs. VBKISCG vs. IJTISCG vs. ISCBISCG vs. IJRISCG vs. VBRISCG vs. VB

Return for Risk

VIOG vs. ISCG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VIOG
VIOG Risk / Return Rank: 7979
Overall Rank
VIOG Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
VIOG Sortino Ratio Rank: 7979
Sortino Ratio Rank
VIOG Omega Ratio Rank: 7171
Omega Ratio Rank
VIOG Calmar Ratio Rank: 8686
Calmar Ratio Rank
VIOG Martin Ratio Rank: 8383
Martin Ratio Rank
ISCG
ISCG Risk / Return Rank: 5555
Overall Rank
ISCG Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
ISCG Sortino Ratio Rank: 5454
Sortino Ratio Rank
ISCG Omega Ratio Rank: 4848
Omega Ratio Rank
ISCG Calmar Ratio Rank: 5959
Calmar Ratio Rank
ISCG Martin Ratio Rank: 6363
Martin Ratio Rank
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. ISCG - 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 iShares Morningstar Small-Cap Growth ETF (ISCG). 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.

VIOGISCGDifference
Sharpe ratioReturn per unit of total volatility
1.70
1.28

+0.42

Sortino ratioReturn per unit of downside risk
2.55
1.87

+0.68

Omega ratioGain probability vs. loss probability

1.30

1.22

+0.08

Calmar ratioReturn relative to maximum drawdown

3.36

2.08

+1.28

Martin ratioReturn relative to average drawdown

11.22

7.52

+3.71

VIOG vs. ISCG - Sharpe Ratio Comparison

The current VIOG Sharpe Ratio is 1.70, which is higher than the ISCG Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of VIOG and ISCG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VIOG vs. ISCG - Drawdown Comparison

The maximum VIOG drawdown since its inception was -41.73%, smaller than the maximum ISCG drawdown of -57.72%. Use the drawdown chart below to compare losses from any high point for VIOG and ISCG.

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Drawdown Indicators

VIOGISCGDifference

Max Drawdown

Largest peak-to-trough decline

-41.73%

-57.72%

+15.99%

Max Drawdown (1Y)

Largest decline over 1 year

-9.03%

-11.43%

+2.40%

Max Drawdown (3Y)

Largest decline over 3 years

-27.35%

-26.71%

-0.64%

Max Drawdown (5Y)

Largest decline over 5 years

-29.15%

-37.80%

+8.65%

Max Drawdown (10Y)

Largest decline over 10 years

-41.73%

-41.48%

-0.25%

Current Drawdown

Current decline from peak

-3.30%

-4.47%

+1.17%

Average Drawdown

Average peak-to-trough decline

-7.56%

-11.56%

+4.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

3.16%

-0.46%

Volatility

VIOG vs. ISCG - Volatility Comparison

Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and iShares Morningstar Small-Cap Growth ETF (ISCG) have volatilities of 4.15% and 4.22%, 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

VIOGISCGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.15%

4.22%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

12.96%

13.65%

-0.69%

Volatility (1Y)

Calculated over the trailing 1-year period

17.88%

18.62%

-0.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.46%

22.96%

-1.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.83%

23.14%

-0.31%

VIOG vs. ISCG - Expense Ratio Comparison

VIOG has a 0.15% expense ratio, which is higher than ISCG's 0.06% 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. ISCG - Dividend Comparison

VIOG's dividend yield for the trailing twelve months is around 0.77%, more than ISCG's 0.59% yield.

PositionTTM20252024202320222021202020192018201720162015
ISCG
iShares Morningstar Small-Cap Growth ETF		0.59%0.61%0.84%0.77%0.92%0.62%0.10%0.27%0.40%0.52%1.19%0.64%
VIOG
Vanguard S&P Small-Cap 600 Growth ETF		0.77%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

With a correlation of 0.92, VIOG and ISCG 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.

ISCG has higher volatility (4.22%) compared to VIOG (4.15%). In terms of maximum drawdown, VIOG dropped -41.73% vs ISCG's -57.72%.

On 10-year performance, VIOG leads with 11.09% vs 10.97% for ISCG. On fees, ISCG is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VIOG has performed better with a 11.09% return vs 10.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ISCG is cheaper with a 0.06% expense ratio, compared with 0.15% for VIOG.

VIOG has the higher dividend yield at 0.77%, compared with 0.59% for ISCG.

VIOG tracks S&P SmallCap 600 Growth Index, while ISCG tracks Morningstar US Small Cap Broad Growth Extended Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VIOG and 0.06% for ISCG.

VIOG currently has the higher Sharpe Ratio (1.70 vs 1.28), 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.

Portfolio Optimizer

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