VIOO vs. VIOV
Compare and contrast key facts about Vanguard S&P Small-Cap 600 ETF (VIOO) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).
VIOO and VIOV 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. VIOV is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 Value Index. It was launched on Sep 7, 2010. Both VIOO and VIOV 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. VIOV - Performance Comparison
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VIOO vs. VIOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 4.51% | 6.63% | 7.44% | 15.36% | -11.37% | 30.67% | 2.81% | 24.44% | -12.85% | 11.54% |
Returns By Period
In the year-to-date period, VIOO achieves a 3.49% return, which is significantly lower than VIOV's 4.51% return. Both investments have delivered pretty close results over the past 10 years, with VIOO having a 9.84% annualized return and VIOV not far behind at 9.51%.
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%
VIOV
- 1D
- 2.29%
- 1M
- -3.16%
- YTD
- 4.51%
- 6M
- 7.88%
- 1Y
- 23.53%
- 3Y*
- 10.24%
- 5Y*
- 4.95%
- 10Y*
- 9.51%
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VIOO vs. VIOV - Expense Ratio Comparison
Both VIOO and VIOV have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VIOO vs. VIOV — Risk / Return Rank
VIOO
VIOV
VIOO vs. VIOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 ETF (VIOO) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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 | VIOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.00 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.52 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.55 | -0.10 |
Martin ratioReturn relative to average drawdown | 5.78 | 5.79 | -0.01 |
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 | VIOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.00 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.23 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.40 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.50 | +0.04 |
Correlation
The correlation between VIOO and VIOV is 0.93, 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. VIOV - Dividend Comparison
VIOO's dividend yield for the trailing twelve months is around 1.31%, less than VIOV's 1.76% 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% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 1.76% | 1.69% | 1.78% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% |
Drawdowns
VIOO vs. VIOV - Drawdown Comparison
The maximum VIOO drawdown since its inception was -44.15%, smaller than the maximum VIOV drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for VIOO and VIOV.
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Drawdown Indicators
| VIOO | VIOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.15% | -47.36% | +3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.66% | -15.50% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -28.44% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -47.36% | +3.21% |
Current DrawdownCurrent decline from peak | -5.80% | -6.21% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -7.45% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 4.14% | -0.47% |
Volatility
VIOO vs. VIOV - Volatility Comparison
Vanguard S&P Small-Cap 600 ETF (VIOO) has a higher volatility of 6.34% compared to Vanguard S&P Small-Cap 600 Value ETF (VIOV) at 5.42%. This indicates that VIOO's price experiences larger fluctuations and is considered to be riskier than VIOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIOO | VIOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 5.42% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 13.56% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 23.66% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.51% | 22.11% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.98% | 23.90% | -0.92% |