VIOO vs. QQQS

Last updated Jun 3, 2026

VIOO (Vanguard S&P Small-Cap 600 ETF) and QQQS (Invesco NASDAQ Future Gen 200 ETF) are both Small Cap Blend Equities funds - VIOO tracks the S&P SmallCap 600 Index while QQQS tracks the Nasdaq Innovators Completion Cap Total Return Index. Both are passively managed. Over the past 3 years, VIOO returned 14.74%/yr vs 16.56%/yr for QQQS. Their correlation of 0.84 suggests significant overlap in exposure. VIOO charges 0.10%/yr vs 0.20%/yr for QQQS.

Performance

VIOO vs. QQQS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Small-Cap 600 ETF (VIOO) and Invesco NASDAQ Future Gen 200 ETF (QQQS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIOO achieves a 16.37% return, which is significantly lower than QQQS's 29.47% return.

VIOO

• 1D: 0.91%
• 1M: 1.63%
• YTD: 16.37%
• 6M: 16.85%
• 1Y: 34.98%
• 3Y*: 14.74%
• 5Y*: 5.91%
• 10Y*: 10.77%

QQQS

• 1D: 0.41%
• 1M: 7.55%
• YTD: 29.47%
• 6M: 33.29%
• 1Y: 88.16%
• 3Y*: 16.56%
• 5Y*: —
• 10Y*: —

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

VIOO vs. QQQS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VIOO Vanguard S&P Small-Cap 600 ETF	16.37%	6.04%	8.48%	16.16%	3.86%
QQQS Invesco NASDAQ Future Gen 200 ETF	29.47%	23.03%	10.20%	-1.94%	6.56%

Correlation

The correlation between VIOO and QQQS is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 14, 2022	0.84

The correlation between VIOO and QQQS has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

VIOO vs. QQQS - Sectors Allocation Comparison

Sectors	VIOO	QQQS
Financial Services	16.9%	0.0%
Industrials	15.5%	4.8%
Technology	15.5%	42.1%
Consumer Cyclical	13.4%	5.2%
Healthcare	11.0%	41.0%
Real Estate	7.7%	-
Energy	5.9%	2.2%
Basic Materials	5.1%	1.0%
Communication Services	3.6%	2.4%
Consumer Defensive	3.5%	1.4%
Utilities	2.0%	-

Return for Risk

VIOO vs. QQQS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIOO

VIOO Risk / Return Rank: 64
VIOO Sharpe Ratio Rank: 58
VIOO Sortino Ratio Rank: 61
VIOO Omega Ratio Rank: 55
VIOO Calmar Ratio Rank: 76
VIOO Martin Ratio Rank: 70

QQQS

QQQS Risk / Return Rank: 88
QQQS Sharpe Ratio Rank: 92
QQQS Sortino Ratio Rank: 88
QQQS Omega Ratio Rank: 79
QQQS Calmar Ratio Rank: 93
QQQS Martin Ratio Rank: 91

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. QQQS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 ETF (VIOO) and Invesco NASDAQ Future Gen 200 ETF (QQQS). 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	QQQS	Difference
Sharpe ratio Return per unit of total volatility	2.00	3.30	-1.30
Sortino ratio Return per unit of downside risk	2.88	4.07	-1.20
Omega ratio Gain probability vs. loss probability	1.34	1.48	-0.13
Calmar ratio Return relative to maximum drawdown	3.93	6.59	-2.66
Martin ratio Return relative to average drawdown	13.17	22.06	-8.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIOO vs. QQQS - Sharpe Ratio Comparison

The current VIOO Sharpe Ratio is 2.00, which is lower than the QQQS Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of VIOO and QQQS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VIOO	QQQS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	3.30	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.65	-0.07

Drawdowns

VIOO vs. QQQS - Drawdown Comparison

The maximum VIOO drawdown since its inception was -44.15%, which is greater than QQQS's maximum drawdown of -38.06%. Use the drawdown chart below to compare losses from any high point for VIOO and QQQS.

Drawdown Indicators

	VIOO	QQQS	Difference
Max Drawdown Largest peak-to-trough decline	-44.15%	-38.06%	-6.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.77%	-13.63%	+4.86%
Max Drawdown (3Y) Largest decline over 3 years	-27.93%	-34.32%	+6.39%
Max Drawdown (5Y) Largest decline over 5 years	-27.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.15%	—	—
Current Drawdown Current decline from peak	-0.01%	-0.86%	+0.85%
Average Drawdown Average peak-to-trough decline	-7.34%	-13.28%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	4.07%	-1.45%

Volatility

VIOO vs. QQQS - Volatility Comparison

The current volatility for Vanguard S&P Small-Cap 600 ETF (VIOO) is 4.40%, while Invesco NASDAQ Future Gen 200 ETF (QQQS) has a volatility of 7.11%. This indicates that VIOO experiences smaller price fluctuations and is considered to be less risky than QQQS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIOO	QQQS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	7.11%	-2.71%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	18.58%	-6.89%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	26.84%	-9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.40%	28.34%	-6.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.99%	28.34%	-5.35%

VIOO vs. QQQS - Expense Ratio Comparison

VIOO has a 0.10% expense ratio, which is lower than QQQS's 0.20% expense ratio. Despite the difference, 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. QQQS - Dividend Comparison

VIOO's dividend yield for the trailing twelve months is around 1.17%, less than QQQS's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQS Invesco NASDAQ Future Gen 200 ETF	2.69%	3.48%	0.80%	0.68%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VIOO Vanguard S&P Small-Cap 600 ETF	1.17%	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

Can I hold both VIOO and QQQS in my portfolio?

VIOO and QQQS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIOO or QQQS?

QQQS has higher volatility (7.11%) compared to VIOO (4.40%). In terms of maximum drawdown, VIOO dropped -44.15% vs QQQS's -38.06%.

Which ETF is better, VIOO or QQQS?

On 3-year performance, QQQS leads with 16.56% vs 14.74% for VIOO. On fees, VIOO is cheaper at 0.10% per year. On volatility, VIOO has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VIOO or QQQS?

Over the 3-year period, QQQS has performed better with a 16.56% return vs 14.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VIOO or QQQS?

VIOO is cheaper with a 0.10% expense ratio, compared with 0.20% for QQQS.

Which ETF pays a higher dividend yield, VIOO or QQQS?

QQQS has the higher dividend yield at 2.69%, compared with 1.17% for VIOO.

What is the main difference between VIOO and QQQS?

VIOO tracks S&P SmallCap 600 Index, while QQQS tracks Nasdaq Innovators Completion Cap Total Return Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.10% for VIOO and 0.20% for QQQS.

Which has better risk-adjusted returns?

QQQS currently has the higher Sharpe Ratio (3.30 vs 2.00), 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.