VIOG vs. SAA
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and ProShares Ultra SmallCap600 (SAA).
VIOG and SAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VIOG is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 Growth Index. It was launched on Sep 7, 2010. SAA is a passively managed fund by ProShares that tracks the performance of the S&P SmallCap 600 Index (200%). It was launched on Jan 25, 2007. Both VIOG and SAA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VIOG vs. SAA - Performance Comparison
Loading graphics...
VIOG vs. SAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIOG Vanguard S&P Small-Cap 600 Growth ETF | 2.81% | 5.40% | 9.23% | 16.92% | -21.14% | 22.49% | 19.68% | 21.16% | -4.57% | 14.70% |
SAA ProShares Ultra SmallCap600 | 4.69% | 0.29% | 5.60% | 21.32% | -36.17% | 51.77% | -1.79% | 42.39% | -23.00% | 23.94% |
Returns By Period
In the year-to-date period, VIOG achieves a 2.81% return, which is significantly lower than SAA's 4.69% return. Both investments have delivered pretty close results over the past 10 years, with VIOG having a 9.89% annualized return and SAA not far ahead at 9.93%.
VIOG
- 1D
- 3.50%
- 1M
- -4.59%
- YTD
- 2.81%
- 6M
- 2.72%
- 1Y
- 17.58%
- 3Y*
- 10.75%
- 5Y*
- 3.16%
- 10Y*
- 9.89%
SAA
- 1D
- 5.46%
- 1M
- -9.03%
- YTD
- 4.69%
- 6M
- 5.87%
- 1Y
- 29.42%
- 3Y*
- 9.63%
- 5Y*
- -1.64%
- 10Y*
- 9.93%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VIOG vs. SAA - Expense Ratio Comparison
VIOG has a 0.15% expense ratio, which is lower than SAA's 0.95% expense ratio.
Return for Risk
VIOG vs. SAA — Risk / Return Rank
VIOG
SAA
VIOG vs. SAA - 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 ProShares Ultra SmallCap600 (SAA). 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.
| VIOG | SAA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.64 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.19 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.09 | +0.24 |
Martin ratioReturn relative to average drawdown | 5.39 | 3.99 | +1.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VIOG | SAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.64 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.04 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.22 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.16 | +0.40 |
Correlation
The correlation between VIOG and SAA is 0.87, 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
VIOG vs. SAA - Dividend Comparison
VIOG's dividend yield for the trailing twelve months is around 0.94%, less than SAA's 0.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIOG Vanguard S&P Small-Cap 600 Growth ETF | 0.94% | 1.04% | 1.03% | 1.15% | 1.17% | 0.69% | 0.68% | 1.09% | 0.76% | 0.87% | 0.92% | 1.04% |
SAA ProShares Ultra SmallCap600 | 0.96% | 1.05% | 1.36% | 0.88% | 0.46% | 0.00% | 0.03% | 0.35% | 0.27% | 0.00% | 0.14% | 0.00% |
Drawdowns
VIOG vs. SAA - Drawdown Comparison
The maximum VIOG drawdown since its inception was -41.73%, smaller than the maximum SAA drawdown of -87.39%. Use the drawdown chart below to compare losses from any high point for VIOG and SAA.
Loading graphics...
Drawdown Indicators
| VIOG | SAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -87.39% | +45.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.82% | -28.46% | +14.64% |
Max Drawdown (5Y)Largest decline over 5 years | -29.15% | -55.37% | +26.22% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | -74.54% | +32.81% |
Current DrawdownCurrent decline from peak | -5.85% | -21.91% | +16.06% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -27.60% | +19.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 7.77% | -4.36% |
Volatility
VIOG vs. SAA - Volatility Comparison
The current volatility for Vanguard S&P Small-Cap 600 Growth ETF (VIOG) is 7.21%, while ProShares Ultra SmallCap600 (SAA) has a volatility of 12.66%. This indicates that VIOG experiences smaller price fluctuations and is considered to be less risky than SAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VIOG | SAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 12.66% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 26.90% | -13.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.01% | 46.27% | -24.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 43.74% | -22.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.82% | 46.10% | -23.28% |