VIOO vs. VO
Compare and contrast key facts about Vanguard S&P Small-Cap 600 ETF (VIOO) and Vanguard Mid-Cap ETF (VO).
VIOO and VO 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. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. Both VIOO and VO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIOO or VO.
Key characteristics
| VIOO | VO | |
|---|---|---|
| YTD Return | -0.76% | 4.06% |
| 1Y Return | 19.32% | 20.44% |
| 3Y Return (Ann) | 0.27% | 3.04% |
| 5Y Return (Ann) | 7.31% | 9.36% |
| 10Y Return (Ann) | 8.93% | 9.66% |
| Sharpe Ratio | 0.92 | 1.50 |
| Daily Std Dev | 19.40% | 13.10% |
| Max Drawdown | -44.15% | -58.89% |
| Current Drawdown | -7.52% | -3.94% |
Correlation
The correlation between VIOO and VO is 0.87, 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.
Performance
VIOO vs. VO - Performance Comparison
In the year-to-date period, VIOO achieves a -0.76% return, which is significantly lower than VO's 4.06% return. Over the past 10 years, VIOO has underperformed VO with an annualized return of 8.93%, while VO has yielded a comparatively higher 9.66% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VIOO vs. VO - Expense Ratio Comparison
VIOO has a 0.10% expense ratio, which is higher than VO's 0.04% 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%.
Risk-Adjusted Performance
VIOO vs. VO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 ETF (VIOO) and Vanguard Mid-Cap ETF (VO). 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.
Dividends
VIOO vs. VO - Dividend Comparison
VIOO's dividend yield for the trailing twelve months is around 1.48%, less than VO's 1.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIOO Vanguard S&P Small-Cap 600 ETF | 1.48% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 0.95% | 1.26% | 1.06% | 0.86% |
VO Vanguard Mid-Cap ETF | 1.55% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
VIOO vs. VO - Drawdown Comparison
The maximum VIOO drawdown since its inception was -44.15%, smaller than the maximum VO drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for VIOO and VO. For additional features, visit the drawdowns tool.
Volatility
VIOO vs. VO - Volatility Comparison
Vanguard S&P Small-Cap 600 ETF (VIOO) has a higher volatility of 5.36% compared to Vanguard Mid-Cap ETF (VO) at 3.65%. This indicates that VIOO's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.