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VIOO vs. IJR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIOO vs. IJR

Last updated Jun 24, 2026

VIOO (Vanguard S&P Small-Cap 600 ETF) and IJR (iShares Core S&P Small-Cap ETF) are both Small Cap Blend Equities funds tracking the S&P SmallCap 600 Index, from Vanguard and iShares respectively. Both are passively managed. Over the past 10 years, VIOO returned 11.31%/yr vs 11.30%/yr for IJR. With a 0.97 correlation, they move nearly in lockstep. VIOO charges 0.07%/yr vs 0.06%/yr for IJR.

Performance

VIOO vs. IJR - 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 Small-Cap ETF (IJR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with VIOO having a 19.31% return and IJR slightly higher at 19.34%. Both investments have delivered pretty close results over the past 10 years, with VIOO having a 11.31% annualized return and IJR not far behind at 11.30%.

VIOO

1D
-0.35%
1M
4.23%
YTD
19.31%
6M
16.84%
1Y
34.71%
3Y*
16.19%
5Y*
6.28%
10Y*
11.31%

IJR

1D
-0.34%
1M
4.22%
YTD
19.34%
6M
16.86%
1Y
34.47%
3Y*
16.15%
5Y*
6.29%
10Y*
11.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIOO vs. IJR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIOO
Vanguard S&P Small-Cap 600 ETF		19.31%6.04%8.48%16.16%-16.26%26.79%11.47%22.68%-8.65%13.16%
IJR
iShares Core S&P Small-Cap ETF		19.34%5.89%8.63%16.06%-16.20%26.58%11.28%22.82%-8.51%13.15%

Correlation

The correlation between VIOO and IJR is 1.00 - 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

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

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

0.97

The correlation between VIOO and IJR has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.

VIOO vs. IJR - Sectors Allocation Comparison

Sectors
VIOO
IJR

Financial Services

16.9%
16.0%

Industrials

15.5%
16.0%

Technology

15.5%
15.9%

Consumer Cyclical

13.4%
12.5%

Healthcare

11.0%
11.0%

Real Estate

7.7%
7.5%

Energy

5.9%
6.8%

Basic Materials

5.1%
4.7%

Communication Services

3.6%
3.2%

Consumer Defensive

3.5%
3.2%

Utilities

2.0%
1.9%

Financial Services

VIOO
16.9%
IJR
16.0%

Industrials

VIOO
15.5%
IJR
16.0%

Technology

VIOO
15.5%
IJR
15.9%

Consumer Cyclical

VIOO
13.4%
IJR
12.5%

Healthcare

VIOO
11.0%
IJR
11.0%

Real Estate

VIOO
7.7%
IJR
7.5%

Energy

VIOO
5.9%
IJR
6.8%

Basic Materials

VIOO
5.1%
IJR
4.7%

Communication Services

VIOO
3.6%
IJR
3.2%

Consumer Defensive

VIOO
3.5%
IJR
3.2%

Utilities

VIOO
2.0%
IJR
1.9%

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 Small-Cap ETF

Often compared with VIOO:
VIOO vs. VBVIOO vs. VOVIOO vs. AVUVVIOO vs. VIOVVIOO vs. VTWOVIOO vs. VIOGVIOO vs. SPSM
Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. AVUVIJR vs. IJHIJR vs. IJSIJR vs. SCHAIJR vs. VBR

Return for Risk

VIOO vs. IJR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIOO
VIOO Risk / Return Rank: 6767
Overall Rank
VIOO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
VIOO Sortino Ratio Rank: 6464
Sortino Ratio Rank
VIOO Omega Ratio Rank: 5757
Omega Ratio Rank
VIOO Calmar Ratio Rank: 7979
Calmar Ratio Rank
VIOO Martin Ratio Rank: 7474
Martin Ratio Rank
IJR
IJR Risk / Return Rank: 6767
Overall Rank
IJR Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 6363
Sortino Ratio Rank
IJR Omega Ratio Rank: 5656
Omega Ratio Rank
IJR Calmar Ratio Rank: 7979
Calmar Ratio Rank
IJR Martin Ratio Rank: 7474
Martin Ratio Rank
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.

VIOO vs. IJR - 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 Small-Cap ETF (IJR). 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.

VIOOIJRDifference
Sharpe ratioReturn per unit of total volatility
1.97
1.96

+0.01

Sortino ratioReturn per unit of downside risk
2.85
2.84

+0.01

Omega ratioGain probability vs. loss probability

1.34

1.34

0.00

Calmar ratioReturn relative to maximum drawdown

3.98

3.99

-0.01

Martin ratioReturn relative to average drawdown

13.43

13.39

+0.04

VIOO vs. IJR - Sharpe Ratio Comparison

The current VIOO Sharpe Ratio is 1.97, which is comparable to the IJR Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of VIOO and IJR, 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. IJR - Drawdown Comparison

The maximum VIOO drawdown since its inception was -44.15%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for VIOO and IJR.

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Drawdown Indicators

VIOOIJRDifference

Max Drawdown

Largest peak-to-trough decline

-44.15%

-58.15%

+14.00%

Max Drawdown (1Y)

Largest decline over 1 year

-8.77%

-8.68%

-0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-27.93%

-28.02%

+0.09%

Max Drawdown (5Y)

Largest decline over 5 years

-27.93%

-28.02%

+0.09%

Max Drawdown (10Y)

Largest decline over 10 years

-44.15%

-44.36%

+0.21%

Current Drawdown

Current decline from peak

-0.47%

-0.43%

-0.04%

Average Drawdown

Average peak-to-trough decline

-7.31%

-9.26%

+1.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

2.58%

+0.01%

Volatility

VIOO vs. IJR - Volatility Comparison

Vanguard S&P Small-Cap 600 ETF (VIOO) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 4.97% and 4.96%, 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

VIOOIJRDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.97%

4.96%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.11%

12.06%

+0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

17.77%

17.73%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.40%

21.40%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.98%

22.90%

+0.08%

VIOO vs. IJR - Expense Ratio Comparison

VIOO has a 0.07% expense ratio, which is higher than IJR's 0.06% 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. IJR - Dividend Comparison

VIOO's dividend yield for the trailing twelve months is around 1.14%, which matches IJR's 1.15% yield.

PositionTTM20252024202320222021202020192018201720162015
IJR
iShares Core S&P Small-Cap ETF		1.15%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%
VIOO
Vanguard S&P Small-Cap 600 ETF		1.14%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 1.00, VIOO and IJR 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.

VIOO has higher volatility (4.97%) compared to IJR (4.96%). In terms of maximum drawdown, VIOO dropped -44.15% vs IJR's -58.15%.

On 10-year performance, VIOO leads with 11.31% vs 11.30% for IJR. On fees, IJR is cheaper at 0.06% 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, VIOO has performed better with a 11.31% return vs 11.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJR is cheaper with a 0.06% expense ratio, compared with 0.07% for VIOO.

VIOO and IJR have nearly identical dividend yields, around 1.14%.

Both ETFs track S&P SmallCap 600 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VIOO and 0.06% for IJR.

VIOO currently has the higher Sharpe Ratio (1.97 vs 1.96), 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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