VIOO vs. HSMV
Compare and contrast key facts about Vanguard S&P Small-Cap 600 ETF (VIOO) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).
VIOO and HSMV 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. HSMV is an actively managed fund by First Trust. It was launched on Apr 6, 2020.
Performance
VIOO vs. HSMV - Performance Comparison
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VIOO vs. HSMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VIOO Vanguard S&P Small-Cap 600 ETF | 4.04% | 6.04% | 8.48% | 16.16% | -16.26% | 26.79% | 67.48% |
HSMV First Trust Horizon Managed Volatility Small/Mid ETF | 2.29% | 1.57% | 13.17% | 5.01% | -9.44% | 23.72% | 34.70% |
Returns By Period
In the year-to-date period, VIOO achieves a 4.04% return, which is significantly higher than HSMV's 2.29% 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%
HSMV
- 1D
- 0.49%
- 1M
- -5.13%
- YTD
- 2.29%
- 6M
- 1.33%
- 1Y
- 2.59%
- 3Y*
- 7.38%
- 5Y*
- 4.29%
- 10Y*
- —
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VIOO vs. HSMV - Expense Ratio Comparison
VIOO has a 0.10% expense ratio, which is lower than HSMV's 0.80% expense ratio.
Return for Risk
VIOO vs. HSMV — Risk / Return Rank
VIOO
HSMV
VIOO vs. HSMV - 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 Horizon Managed Volatility Small/Mid ETF (HSMV). 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 | HSMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.19 | +0.74 |
Sortino ratioReturn per unit of downside risk | 1.43 | 0.37 | +1.06 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.05 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.28 | +1.16 |
Martin ratioReturn relative to average drawdown | 5.76 | 1.03 | +4.73 |
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 | HSMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.19 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.29 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.68 | -0.14 |
Correlation
The correlation between VIOO and HSMV is 0.90, 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. HSMV - Dividend Comparison
VIOO's dividend yield for the trailing twelve months is around 1.31%, less than HSMV's 2.02% 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% |
HSMV First Trust Horizon Managed Volatility Small/Mid ETF | 2.02% | 2.01% | 1.43% | 1.43% | 1.26% | 0.76% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VIOO vs. HSMV - Drawdown Comparison
The maximum VIOO drawdown since its inception was -44.15%, which is greater than HSMV's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for VIOO and HSMV.
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Drawdown Indicators
| VIOO | HSMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.15% | -19.16% | -24.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.66% | -10.57% | -4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -19.16% | -8.77% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | — | — |
Current DrawdownCurrent decline from peak | -5.30% | -5.13% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -5.71% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 2.91% | +0.77% |
Volatility
VIOO vs. HSMV - Volatility Comparison
Vanguard S&P Small-Cap 600 ETF (VIOO) has a higher volatility of 6.32% compared to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) at 3.58%. This indicates that VIOO's price experiences larger fluctuations and is considered to be riskier than HSMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIOO | HSMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 3.58% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 7.14% | +5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 13.62% | +9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.50% | 15.01% | +6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.98% | 16.18% | +6.80% |