PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VIOO vs. SPSM
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VIOO vs. SPSM

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard S&P Small-Cap 600 ETF (VIOO) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM).

VIOO and SPSM 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. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013. Both VIOO and SPSM 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. SPSM - Performance Comparison

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

Loading graphics...

VIOO vs. SPSM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIOO
Vanguard S&P Small-Cap 600 ETF		3.49%6.04%8.48%16.16%-16.26%26.79%11.47%22.68%-8.65%13.16%
SPSM
SPDR Portfolio S&P 600 Small Cap ETF		3.48%6.11%8.55%16.11%-16.12%26.67%11.69%25.85%-11.17%15.44%

Returns By Period

The year-to-date returns for both stocks are quite close, with VIOO having a 3.49% return and SPSM slightly lower at 3.48%. Both investments have delivered pretty close results over the past 10 years, with VIOO having a 9.84% annualized return and SPSM not far ahead at 10.05%.

VIOO

1D
2.80%
1M
-4.04%
YTD
3.49%
6M
5.34%
1Y
20.57%
3Y*
10.51%
5Y*
4.09%
10Y*
9.84%

SPSM

1D
2.81%
1M
-4.07%
YTD
3.48%
6M
5.20%
1Y
20.56%
3Y*
10.51%
5Y*
4.16%
10Y*
10.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

SPDR Portfolio S&P 600 Small Cap ETF

Often compared with VIOO:
VIOO vs. VBVIOO vs. IJRVIOO vs. VOVIOO vs. AVUVVIOO vs. VIOVVIOO vs. VTWOVIOO vs. VIOG
Often compared with SPSM:
SPSM vs. IWMSPSM vs. IJRSPSM vs. VBSPSM vs. SCHASPSM vs. AVUVSPSM vs. DFSCXSPSM vs. ISCB

VIOO vs. SPSM - Expense Ratio Comparison

VIOO has a 0.10% expense ratio, which is higher than SPSM'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%.

VIOO
Vanguard S&P Small-Cap 600 ETF
SPSM
SPDR Portfolio S&P 600 Small Cap ETF

Return for Risk

VIOO vs. SPSM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIOO
VIOO Risk / Return Rank: 5858
Overall Rank
VIOO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
VIOO Sortino Ratio Rank: 5858
Sortino Ratio Rank
VIOO Omega Ratio Rank: 5252
Omega Ratio Rank
VIOO Calmar Ratio Rank: 6262
Calmar Ratio Rank
VIOO Martin Ratio Rank: 6363
Martin Ratio Rank
SPSM
SPSM Risk / Return Rank: 5858
Overall Rank
SPSM Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SPSM Sortino Ratio Rank: 5858
Sortino Ratio Rank
SPSM Omega Ratio Rank: 5353
Omega Ratio Rank
SPSM Calmar Ratio Rank: 6161
Calmar Ratio Rank
SPSM Martin Ratio Rank: 6262
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. SPSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 ETF (VIOO) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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.

VIOOSPSMDifference

Sharpe ratio

Return per unit of total volatility

0.91

0.92

0.00

Sortino ratio

Return per unit of downside risk

1.41

1.41

0.00

Omega ratio

Gain probability vs. loss probability

1.19

1.19

0.00

Calmar ratio

Return relative to maximum drawdown

1.45

1.42

+0.03

Martin ratio

Return relative to average drawdown

5.78

5.73

+0.05

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. SPSM - Sharpe Ratio Comparison

The current VIOO Sharpe Ratio is 0.91, which is comparable to the SPSM Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of VIOO and SPSM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

VIOOSPSMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.91

0.92

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.19

0.19

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

0.44

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.41

+0.13

Correlation

The correlation between VIOO and SPSM is 0.97, 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. SPSM - Dividend Comparison

VIOO's dividend yield for the trailing twelve months is around 1.31%, less than SPSM's 1.59% yield.

TTM20252024202320222021202020192018201720162015
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%
SPSM
SPDR Portfolio S&P 600 Small Cap ETF		1.59%1.62%1.85%1.61%1.38%1.40%1.34%1.58%1.82%1.51%1.49%2.37%

Drawdowns

VIOO vs. SPSM - Drawdown Comparison

The maximum VIOO drawdown since its inception was -44.15%, roughly equal to the maximum SPSM drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for VIOO and SPSM.

Loading graphics...

Drawdown Indicators

VIOOSPSMDifference

Max Drawdown

Largest peak-to-trough decline

-44.15%

-42.89%

-1.26%

Max Drawdown (1Y)

Largest decline over 1 year

-14.66%

-14.82%

+0.16%

Max Drawdown (5Y)

Largest decline over 5 years

-27.93%

-27.94%

+0.01%

Max Drawdown (10Y)

Largest decline over 10 years

-44.15%

-42.89%

-1.26%

Current Drawdown

Current decline from peak

-5.80%

-5.81%

+0.01%

Average Drawdown

Average peak-to-trough decline

-7.40%

-8.02%

+0.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.67%

3.67%

0.00%

Volatility

VIOO vs. SPSM - Volatility Comparison

Vanguard S&P Small-Cap 600 ETF (VIOO) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM) have volatilities of 6.34% and 6.26%, 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.

Loading graphics...

Volatility by Period

VIOOSPSMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.34%

6.26%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

13.10%

12.94%

+0.16%

Volatility (1Y)

Calculated over the trailing 1-year period

22.67%

22.56%

+0.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.51%

21.54%

-0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.98%

22.98%

0.00%