VIOO vs. WAGOX
VIOO (Vanguard S&P Small-Cap 600 ETF) and WAGOX (Wasatch Global Opportunities Fund) are both funds - VIOO is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index, while WAGOX is a Global Equities fund managed by Wasatch. Over the past 10 years, VIOO returned 11.31%/yr vs 10.11%/yr for WAGOX. A 0.77 correlation means they provide meaningful diversification when combined. VIOO charges 0.07%/yr vs 1.50%/yr for WAGOX.
Performance
VIOO vs. WAGOX - Performance Comparison
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Returns By Period
In the year-to-date period, VIOO achieves a 19.31% return, which is significantly higher than WAGOX's 5.60% return. Over the past 10 years, VIOO has outperformed WAGOX with an annualized return of 11.31%, while WAGOX has yielded a comparatively lower 10.11% annualized return.
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%
WAGOX
- 1D
- -0.50%
- 1M
- 2.06%
- YTD
- 5.60%
- 6M
- 3.94%
- 1Y
- 0.53%
- 3Y*
- 7.02%
- 5Y*
- -0.81%
- 10Y*
- 10.11%
VIOO vs. WAGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
WAGOX Wasatch Global Opportunities Fund | 5.60% | -4.58% | 6.60% | 25.57% | -35.02% | 21.43% | 42.27% | 33.11% | -7.41% | 37.73% |
Correlation
The correlation between VIOO and WAGOX is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.77 |
The correlation between VIOO and WAGOX has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
VIOO vs. WAGOX — Risk / Return Rank
VIOO
WAGOX
VIOO vs. WAGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 ETF (VIOO) and Wasatch Global Opportunities Fund (WAGOX). 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.
| VIOO | WAGOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.03 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 0.09 | +3.89 |
| Martin ratioReturn relative to average drawdown | 13.43 | 0.20 | +13.22 |
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Drawdowns
VIOO vs. WAGOX - Drawdown Comparison
The maximum VIOO drawdown since its inception was -44.15%, roughly equal to the maximum WAGOX drawdown of -44.05%. Use the drawdown chart below to compare losses from any high point for VIOO and WAGOX.
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Drawdown Indicators
| VIOO | WAGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.15% | -44.05% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -17.09% | +8.32% |
Max Drawdown (3Y)Largest decline over 3 years | -27.93% | -22.43% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -44.05% | +16.12% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -44.05% | -0.10% |
Current DrawdownCurrent decline from peak | -0.47% | -18.46% | +17.99% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -10.15% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 7.23% | -4.64% |
Volatility
VIOO vs. WAGOX - Volatility Comparison
Vanguard S&P Small-Cap 600 ETF (VIOO) has a higher volatility of 4.97% compared to Wasatch Global Opportunities Fund (WAGOX) at 4.50%. This indicates that VIOO's price experiences larger fluctuations and is considered to be riskier than WAGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIOO | WAGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 4.50% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.11% | 11.84% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.77% | 15.63% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.40% | 20.66% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.98% | 20.61% | +2.37% |
VIOO vs. WAGOX - Expense Ratio Comparison
VIOO has a 0.07% expense ratio, which is lower than WAGOX's 1.50% expense ratio.
Dividends
VIOO vs. WAGOX - Dividend Comparison
VIOO's dividend yield for the trailing twelve months is around 1.14%, less than WAGOX's 8.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WAGOX Wasatch Global Opportunities Fund | 8.84% | 9.34% | 8.83% | 0.00% | 2.30% | 7.98% | 1.96% | 8.64% | 18.77% | 11.04% | 9.13% | 13.52% |
Frequently Asked Questions
VIOO and WAGOX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIOO has higher volatility (4.97%) compared to WAGOX (4.50%). In terms of maximum drawdown, VIOO dropped -44.15% vs WAGOX's -44.05%.
VIOO currently has the higher Sharpe Ratio (1.97 vs 0.09), 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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