VIOG vs. WGROX

Last updated Jul 15, 2026

VIOG (Vanguard S&P Small-Cap 600 Growth ETF) and WGROX (Wasatch Core Growth Fund) are both Small Cap Growth Equities funds. Over the past 10 years, VIOG returned 11.07%/yr vs 10.71%/yr for WGROX. Their correlation of 0.89 suggests significant overlap in exposure. VIOG charges 0.15%/yr vs 1.17%/yr for WGROX.

Performance

VIOG vs. WGROX - 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 Wasatch Core Growth Fund (WGROX). 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 WGROX's 4.45% return. Both investments have delivered pretty close results over the past 10 years, with VIOG having a 11.07% annualized return and WGROX not far behind at 10.71%.

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%

WGROX

• 1D: -0.26%
• 1M: 0.39%
• 6M: -0.98%
• YTD: 4.45%
• 1Y: -2.59%
• 3Y*: 6.01%
• 5Y*: 0.86%
• 10Y*: 10.71%

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

VIOG vs. WGROX - 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%
WGROX Wasatch Core Growth Fund	4.45%	-10.37%	13.13%	33.43%	-30.86%	20.76%	36.73%	33.31%	-3.75%	24.29%

Correlation

The correlation between VIOG and WGROX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.89

The correlation between VIOG and WGROX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

VIOG vs. WGROX — 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

WGROX

WGROX Risk / Return Rank: 3
WGROX Sharpe Ratio Rank: 3
WGROX Sortino Ratio Rank: 3
WGROX Omega Ratio Rank: 3
WGROX Calmar Ratio Rank: 2
WGROX Martin Ratio Rank: 2

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. WGROX - 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 Wasatch Core Growth Fund (WGROX). 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	WGROX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	-0.12	+1.69
Sortino ratio: Return per unit of downside risk	2.36	-0.04	+2.39
Omega ratio: Gain probability vs. loss probability	1.27	1.00	+0.28
Calmar ratio: Return relative to maximum drawdown	3.10	-0.15	+3.25
Martin ratio: Return relative to average drawdown	10.61	-0.39	+11.00

VIOG vs. WGROX - Sharpe Ratio Comparison

The current VIOG Sharpe Ratio is 1.56, which is higher than the WGROX Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of VIOG and WGROX, 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. WGROX - Drawdown Comparison

The maximum VIOG drawdown since its inception was -41.73%, smaller than the maximum WGROX drawdown of -61.61%. Use the drawdown chart below to compare losses from any high point for VIOG and WGROX.

Drawdown Indicators

	VIOG	WGROX	Difference
Max Drawdown Largest peak-to-trough decline	-41.73%	-61.61%	+19.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-15.58%	+6.55%
Max Drawdown (3Y) Largest decline over 3 years	-27.35%	-27.61%	+0.26%
Max Drawdown (5Y) Largest decline over 5 years	-29.15%	-40.16%	+11.01%
Max Drawdown (10Y) Largest decline over 10 years	-41.73%	-40.16%	-1.57%
Current Drawdown Current decline from peak	-2.97%	-15.27%	+12.30%
Average Drawdown Average peak-to-trough decline	-7.57%	-9.91%	+2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	6.13%	-3.50%

Volatility

VIOG vs. WGROX - Volatility Comparison

The current volatility for Vanguard S&P Small-Cap 600 Growth ETF (VIOG) is 4.43%, while Wasatch Core Growth Fund (WGROX) has a volatility of 6.28%. This indicates that VIOG experiences smaller price fluctuations and is considered to be less risky than WGROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIOG	WGROX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	6.28%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	13.05%	14.64%	-1.59%
Volatility (1Y) Calculated over the trailing 1-year period	17.89%	19.72%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.52%	23.12%	-1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.82%	23.31%	-0.49%

VIOG vs. WGROX - Expense Ratio Comparison

VIOG has a 0.15% expense ratio, which is lower than WGROX's 1.17% expense ratio.

Dividends

VIOG vs. WGROX - Dividend Comparison

VIOG's dividend yield for the trailing twelve months is around 0.76%, less than WGROX's 8.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WGROX Wasatch Core Growth Fund	8.19%	8.55%	9.22%	0.00%	0.71%	16.82%	7.21%	10.73%	10.14%	6.24%	0.15%	12.70%

Frequently Asked Questions

Can I hold both VIOG and WGROX in my portfolio?

With a correlation of 0.90, VIOG and WGROX 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 WGROX?

WGROX has higher volatility (6.28%) compared to VIOG (4.43%). In terms of maximum drawdown, VIOG dropped -41.73% vs WGROX's -61.61%.

Which has better risk-adjusted returns?

VIOG currently has the higher Sharpe Ratio (1.56 vs -0.12), 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.