VIOG vs. SFSNX

Last updated Jul 15, 2026

VIOG (Vanguard S&P Small-Cap 600 Growth ETF) and SFSNX (Schwab Fundamental US Small Company Index Fund) are both funds - VIOG is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth Index, while SFSNX is a Small Cap Blend Equities fund managed by Charles Schwab. Over the past 10 years, VIOG returned 11.07%/yr vs 10.84%/yr for SFSNX. Their correlation of 0.91 suggests significant overlap in exposure. VIOG charges 0.15%/yr vs 0.25%/yr for SFSNX.

Performance

VIOG vs. SFSNX - 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 Schwab Fundamental US Small Company Index Fund (SFSNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIOG achieves a 23.15% return, which is significantly higher than SFSNX's 18.83% return. Both investments have delivered pretty close results over the past 10 years, with VIOG having a 11.07% annualized return and SFSNX not far behind at 10.84%.

VIOG

• 1D: 0.31%
• 1M: 2.62%
• 6M: 17.09%
• YTD: 23.15%
• 1Y: 27.84%
• 3Y*: 15.11%
• 5Y*: 7.43%
• 10Y*: 11.07%

SFSNX

• 1D: -0.36%
• 1M: 0.49%
• 6M: 12.17%
• YTD: 18.83%
• 1Y: 27.14%
• 3Y*: 14.62%
• 5Y*: 8.70%
• 10Y*: 10.84%

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

VIOG vs. SFSNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIOG Vanguard S&P Small-Cap 600 Growth ETF	23.15%	5.40%	9.23%	16.92%	-21.14%	22.49%	19.68%	21.16%	-4.57%	14.70%
SFSNX Schwab Fundamental US Small Company Index Fund	18.83%	7.66%	8.99%	20.15%	-14.79%	30.91%	8.49%	24.44%	-12.26%	12.84%

Correlation

The correlation between VIOG and SFSNX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.91

The correlation between VIOG and SFSNX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

VIOG vs. SFSNX - Sectors Allocation Comparison

Sectors	VIOG	SFSNX
Technology	21.2%	16.2%
Industrials	18.7%	19.3%
Healthcare	14.7%	7.1%
Financial Services	13.4%	14.1%
Consumer Cyclical	10.7%	12.2%
Real Estate	6.5%	9.8%
Energy	3.8%	5.5%
Consumer Defensive	3.4%	3.9%
Basic Materials	3.0%	5.2%
Communication Services	2.9%	4.0%
Utilities	1.7%	2.7%

Return for Risk

VIOG vs. SFSNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIOG

VIOG Risk / Return Rank: 65
VIOG Sharpe Ratio Rank: 58
VIOG Sortino Ratio Rank: 64
VIOG Omega Ratio Rank: 54
VIOG Calmar Ratio Rank: 76
VIOG Martin Ratio Rank: 73

SFSNX

SFSNX Risk / Return Rank: 59
SFSNX Sharpe Ratio Rank: 51
SFSNX Sortino Ratio Rank: 55
SFSNX Omega Ratio Rank: 46
SFSNX Calmar Ratio Rank: 80
SFSNX Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VIOG vs. SFSNX - 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 Schwab Fundamental US Small Company Index Fund (SFSNX). 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	SFSNX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.59	-0.03
Sortino ratio: Return per unit of downside risk	2.36	2.35	0.00
Omega ratio: Gain probability vs. loss probability	1.27	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	3.10	2.91	+0.19
Martin ratio: Return relative to average drawdown	10.61	9.46	+1.15

VIOG vs. SFSNX - Sharpe Ratio Comparison

The current VIOG Sharpe Ratio is 1.56, which is comparable to the SFSNX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of VIOG and SFSNX, 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. SFSNX - Drawdown Comparison

The maximum VIOG drawdown since its inception was -41.73%, smaller than the maximum SFSNX drawdown of -58.32%. Use the drawdown chart below to compare losses from any high point for VIOG and SFSNX.

Drawdown Indicators

	VIOG	SFSNX	Difference
Max Drawdown Largest peak-to-trough decline	-41.73%	-58.32%	+16.59%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-9.43%	+0.40%
Max Drawdown (3Y) Largest decline over 3 years	-27.35%	-25.91%	-1.44%
Max Drawdown (5Y) Largest decline over 5 years	-29.15%	-25.91%	-3.24%
Max Drawdown (10Y) Largest decline over 10 years	-41.73%	-44.82%	+3.09%
Current Drawdown Current decline from peak	-2.97%	-1.97%	-1.00%
Average Drawdown Average peak-to-trough decline	-7.57%	-8.27%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.89%	-0.26%

Volatility

VIOG vs. SFSNX - Volatility Comparison

Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and Schwab Fundamental US Small Company Index Fund (SFSNX) have volatilities of 4.43% and 4.56%, 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.

Volatility by Period

	VIOG	SFSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	4.56%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	13.05%	12.20%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	17.89%	17.26%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.52%	20.76%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.82%	23.22%	-0.40%

VIOG vs. SFSNX - Expense Ratio Comparison

VIOG has a 0.15% expense ratio, which is lower than SFSNX's 0.25% expense ratio. Despite the difference, 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. SFSNX - Dividend Comparison

VIOG's dividend yield for the trailing twelve months is around 0.76%, less than SFSNX's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SFSNX Schwab Fundamental US Small Company Index Fund	1.15%	1.36%	1.71%	1.37%	7.05%	12.27%	1.42%	3.66%	11.55%	6.88%	1.86%	6.37%
VIOG Vanguard S&P Small-Cap 600 Growth ETF	0.76%	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 SFSNX in my portfolio?

With a correlation of 0.95, VIOG and SFSNX 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 SFSNX?

SFSNX has higher volatility (4.56%) compared to VIOG (4.43%). In terms of maximum drawdown, VIOG dropped -41.73% vs SFSNX's -58.32%.

Which has better risk-adjusted returns?

SFSNX currently has the higher Sharpe Ratio (1.59 vs 1.56), 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.