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VIOO vs. IJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIOO vs. IJH

Last updated Aug 2, 2026
Documentation

VIOO (Vanguard S&P Small-Cap 600 ETF) and IJH (iShares Core S&P Mid-Cap ETF) are both exchange-traded funds - VIOO is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index, while IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. Both are passively managed. Over the past 10 years, VIOO returned 10.87%/yr vs 11.03%/yr for IJH. Their correlation of 0.93 means they have usually moved in the same direction. VIOO charges 0.07%/yr vs 0.05%/yr for IJH.

Performance

VIOO vs. IJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Small-Cap 600 ETF (VIOO) and iShares Core S&P Mid-Cap ETF (IJH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VIOO achieves a 21.54% return, which is significantly higher than IJH's 14.60% return. Both investments have delivered pretty close results over the past 10 years, with VIOO having a 10.87% annualized return and IJH not far ahead at 11.03%.

VIOO

1D
-0.01%
1M
-0.56%
6M
15.04%
YTD
21.54%
1Y
35.81%
3Y*
13.37%
5Y*
7.42%
10Y*
10.87%
ALL TIME*
12.46%

IJH

1D
-0.11%
1M
-1.08%
6M
10.14%
YTD
14.60%
1Y
22.81%
3Y*
13.01%
5Y*
8.44%
10Y*
11.03%
ALL TIME*
9.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IJH

iShares Core S&P Mid-Cap ETF
$461.96M$459.67M$538.23M

VIOO

Vanguard S&P Small-Cap 600 ETF
$8.61M$8.65M$9.93M

VIOO vs. IJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIOO
Vanguard S&P Small-Cap 600 ETF		21.54%6.04%8.48%16.16%-16.26%26.79%11.47%22.68%-8.65%13.16%
IJH
iShares Core S&P Mid-Cap ETF		14.60%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%16.26%

Correlation

The correlation between VIOO and IJH is 0.93, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.93

Correlation (3Y)
Balances recent behavior with more history.

0.95

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.96

Correlation (10Y)
Provides a long-term view across more market conditions.

0.95

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.93

The correlation between VIOO and IJH has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

VIOO vs. IJH - Sectors Allocation Comparison

Sectors
VIOO
IJH

Financial Services

17.1%
13.9%

Industrials

15.6%
25.2%

Technology

15.6%
17.5%

Consumer Cyclical

13.2%
10.5%

Healthcare

12.2%
8.9%

Real Estate

7.6%
7.2%

Energy

4.9%
4.6%

Basic Materials

4.7%
4.8%

Consumer Defensive

4.2%
3.2%

Communication Services

3.2%
1.5%

Utilities

1.8%
2.8%

Financial Services

VIOO
17.1%
IJH
13.9%

Industrials

VIOO
15.6%
IJH
25.2%

Technology

VIOO
15.6%
IJH
17.5%

Consumer Cyclical

VIOO
13.2%
IJH
10.5%

Healthcare

VIOO
12.2%
IJH
8.9%

Real Estate

VIOO
7.6%
IJH
7.2%

Energy

VIOO
4.9%
IJH
4.6%

Basic Materials

VIOO
4.7%
IJH
4.8%

Consumer Defensive

VIOO
4.2%
IJH
3.2%

Communication Services

VIOO
3.2%
IJH
1.5%

Utilities

VIOO
1.8%
IJH
2.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P Small-Cap 600 ETF

iShares Core S&P Mid-Cap ETF

Often compared with VIOO:
VIOO vs. VBVIOO vs. IJRVIOO vs. VOVIOO vs. AVUVVIOO vs. VIOVVIOO vs. VTWOVIOO vs. VIOG
Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. SCHMIJH vs. IJKIJH vs. IJJIJH vs. IVOO

Return for Risk

VIOO vs. IJH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VIOO
VIOO Risk / Return Rank: 8686
Overall Rank
VIOO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
VIOO Sortino Ratio Rank: 8686
Sortino Ratio Rank
VIOO Omega Ratio Rank: 8181
Omega Ratio Rank
VIOO Calmar Ratio Rank: 9090
Calmar Ratio Rank
VIOO Martin Ratio Rank: 8888
Martin Ratio Rank
IJH
IJH Risk / Return Rank: 6262
Overall Rank
IJH Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 5959
Sortino Ratio Rank
IJH Omega Ratio Rank: 5555
Omega Ratio Rank
IJH Calmar Ratio Rank: 6969
Calmar Ratio Rank
IJH Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VIOO vs. IJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 ETF (VIOO) and iShares Core S&P Mid-Cap ETF (IJH). 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.

VIOOIJHDifference
Sharpe ratioReturn per unit of total volatility
1.95
1.34

+0.61

Sortino ratioReturn per unit of downside risk
2.85
2.00

+0.85

Omega ratioGain probability vs. loss probability

1.34

1.24

+0.10

Calmar ratioReturn relative to maximum drawdown

3.85

2.39

+1.47

Martin ratioReturn relative to average drawdown

13.20

8.69

+4.51

VIOO vs. IJH - Sharpe Ratio Comparison

The current VIOO Sharpe Ratio is 1.95, which is higher than the IJH Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of VIOO and IJH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VIOO vs. IJH - Drawdown Comparison

The maximum VIOO drawdown since its inception was -44.15%, smaller than the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for VIOO and IJH.

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Drawdown Indicators

VIOOIJHDifference

Max Drawdown

Largest peak-to-trough decline

-44.15%

-55.07%

+10.92%

Max Drawdown (1Y)

Largest decline over 1 year

-8.77%

-8.83%

+0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-27.93%

-24.10%

-3.83%

Max Drawdown (5Y)

Largest decline over 5 years

-27.93%

-24.10%

-3.83%

Max Drawdown (10Y)

Largest decline over 10 years

-44.15%

-42.18%

-1.97%

Current Drawdown

Current decline from peak

-1.95%

-2.39%

+0.44%

Average Drawdown

Average peak-to-trough decline

-7.27%

-7.53%

+0.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

2.42%

+0.14%

Volatility

VIOO vs. IJH - Volatility Comparison

Vanguard S&P Small-Cap 600 ETF (VIOO) and iShares Core S&P Mid-Cap ETF (IJH) have volatilities of 3.46% and 3.46%, 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

VIOOIJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.46%

3.46%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

11.66%

11.63%

+0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

17.41%

15.76%

+1.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.25%

19.67%

+1.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.94%

21.13%

+1.81%

VIOO vs. IJH - Expense Ratio Comparison

VIOO has a 0.07% expense ratio, which is higher than IJH's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VIOO vs. IJH - Dividend Comparison

VIOO's dividend yield for the trailing twelve months is around 1.12%, less than IJH's 1.18% yield.

PositionTTM20252024202320222021202020192018201720162015
IJH
iShares Core S&P Mid-Cap ETF		1.18%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%
VIOO
Vanguard S&P Small-Cap 600 ETF		1.12%1.36%1.48%1.47%1.51%1.16%1.09%1.37%1.32%1.11%1.06%1.26%

Frequently Asked Questions

With a correlation of 0.93, VIOO and IJH 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.

IJH has higher volatility (3.46%) compared to VIOO (3.46%). In terms of maximum drawdown, VIOO dropped -44.15% vs IJH's -55.07%.

On 10-year performance, IJH leads with 11.03% vs 10.87% for VIOO. On fees, IJH is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IJH has performed better with a 11.03% return vs 10.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJH is cheaper with a 0.05% expense ratio, compared with 0.07% for VIOO.

IJH has the higher dividend yield at 1.18%, compared with 1.12% for VIOO.

VIOO is categorized as Small Cap Blend Equities, while IJH is Mid Cap Blend Equities. VIOO tracks S&P SmallCap 600 Index, while IJH tracks S&P MidCap 400 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VIOO and 0.05% for IJH.

VIOO currently has the higher Sharpe Ratio (1.95 vs 1.34), 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.

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