VIOO vs. FDM
Compare and contrast key facts about Vanguard S&P Small-Cap 600 ETF (VIOO) and First Trust Dow Jones Select MicroCap Index Fund (FDM).
VIOO and FDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VIOO is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 Index. It was launched on Sep 7, 2010. FDM is a passively managed fund by First Trust that tracks the performance of the Dow Jones Select Microcap Index. It was launched on Sep 27, 2005. Both VIOO and FDM 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
VIOO vs. FDM - Performance Comparison
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VIOO vs. FDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIOO Vanguard S&P Small-Cap 600 ETF | 4.04% | 6.04% | 8.48% | 16.16% | -16.26% | 26.79% | 11.47% | 22.68% | -8.65% | 13.16% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 4.15% | 18.64% | 13.00% | 12.76% | -11.61% | 35.08% | -4.04% | 27.45% | -13.53% | 8.72% |
Returns By Period
The year-to-date returns for both investments are quite close, with VIOO having a 4.04% return and FDM slightly higher at 4.15%. Over the past 10 years, VIOO has underperformed FDM with an annualized return of 9.90%, while FDM has yielded a comparatively higher 11.30% annualized return.
VIOO
- 1D
- 0.53%
- 1M
- -4.14%
- YTD
- 4.04%
- 6M
- 5.50%
- 1Y
- 20.96%
- 3Y*
- 10.70%
- 5Y*
- 4.20%
- 10Y*
- 9.90%
FDM
- 1D
- 0.73%
- 1M
- -3.49%
- YTD
- 4.15%
- 6M
- 10.52%
- 1Y
- 34.37%
- 3Y*
- 17.51%
- 5Y*
- 8.11%
- 10Y*
- 11.30%
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VIOO vs. FDM - Expense Ratio Comparison
VIOO has a 0.10% expense ratio, which is lower than FDM's 0.60% expense ratio.
Return for Risk
VIOO vs. FDM — Risk / Return Rank
VIOO
FDM
VIOO vs. FDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 ETF (VIOO) and First Trust Dow Jones Select MicroCap Index Fund (FDM). 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.
| VIOO | FDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.55 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.43 | 2.25 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.91 | -1.46 |
Martin ratioReturn relative to average drawdown | 5.76 | 10.02 | -4.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VIOO | FDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.55 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.38 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.49 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.34 | +0.20 |
Correlation
The correlation between VIOO and FDM is 0.89, 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
VIOO vs. FDM - Dividend Comparison
VIOO's dividend yield for the trailing twelve months is around 1.31%, which matches FDM's 1.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIOO Vanguard S&P Small-Cap 600 ETF | 1.31% | 1.36% | 1.48% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 1.06% | 1.26% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 1.32% | 1.43% | 1.56% | 1.81% | 1.80% | 1.08% | 1.68% | 1.37% | 1.26% | 0.97% | 1.13% | 1.45% |
Drawdowns
VIOO vs. FDM - Drawdown Comparison
The maximum VIOO drawdown since its inception was -44.15%, smaller than the maximum FDM drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for VIOO and FDM.
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Drawdown Indicators
| VIOO | FDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.15% | -63.45% | +19.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.66% | -11.99% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -23.74% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -47.76% | +3.61% |
Current DrawdownCurrent decline from peak | -5.30% | -5.05% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -11.43% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 3.48% | +0.20% |
Volatility
VIOO vs. FDM - Volatility Comparison
Vanguard S&P Small-Cap 600 ETF (VIOO) and First Trust Dow Jones Select MicroCap Index Fund (FDM) have volatilities of 6.32% and 6.34%, 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
| VIOO | FDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 6.34% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 14.19% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 22.29% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.50% | 21.53% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.98% | 23.33% | -0.35% |