VIOO vs. WAGOX

Last updated Jun 3, 2026

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 10.77%/yr vs 9.45%/yr for WAGOX. A 0.77 correlation means they provide meaningful diversification when combined. VIOO charges 0.10%/yr vs 1.50%/yr for WAGOX.

Performance

VIOO vs. WAGOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Small-Cap 600 ETF (VIOO) and Wasatch Global Opportunities Fund (WAGOX). 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 higher than WAGOX's 4.53% return. Over the past 10 years, VIOO has outperformed WAGOX with an annualized return of 10.77%, while WAGOX has yielded a comparatively lower 9.45% annualized 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%

WAGOX

• 1D: 0.26%
• 1M: 2.35%
• YTD: 4.53%
• 6M: 2.61%
• 1Y: 1.15%
• 3Y*: 6.84%
• 5Y*: -0.60%
• 10Y*: 9.45%

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

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	16.37%	6.04%	8.48%	16.16%	-16.26%	26.79%	11.47%	22.68%	-8.65%	13.16%
WAGOX Wasatch Global Opportunities Fund	4.53%	-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 0.81, 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	0.81
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 10, 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.

Return for Risk

VIOO vs. WAGOX — 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

WAGOX

WAGOX Risk / Return Rank: 3
WAGOX Sharpe Ratio Rank: 3
WAGOX Sortino Ratio Rank: 3
WAGOX Omega Ratio Rank: 3
WAGOX Calmar Ratio Rank: 3
WAGOX Martin Ratio Rank: 3

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. 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.

	VIOO	WAGOX	Difference
Sharpe ratio Return per unit of total volatility	2.00	0.12	+1.88
Sortino ratio Return per unit of downside risk	2.88	0.29	+2.59
Omega ratio Gain probability vs. loss probability	1.34	1.03	+0.31
Calmar ratio Return relative to maximum drawdown	3.93	0.10	+3.83
Martin ratio Return relative to average drawdown	13.17	0.23	+12.94
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. WAGOX - Sharpe Ratio Comparison

The current VIOO Sharpe Ratio is 2.00, which is higher than the WAGOX Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of VIOO and WAGOX, 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	WAGOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	0.12	+1.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	-0.03	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.46	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.66	-0.09

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.

Drawdown Indicators

	VIOO	WAGOX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.01%	-19.28%	+19.27%
Average Drawdown Average peak-to-trough decline	-7.34%	-10.12%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	7.13%	-4.51%

Volatility

VIOO vs. WAGOX - Volatility Comparison

Vanguard S&P Small-Cap 600 ETF (VIOO) and Wasatch Global Opportunities Fund (WAGOX) have volatilities of 4.40% and 4.41%, 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.

Volatility by Period

	VIOO	WAGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	4.41%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	11.52%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	15.40%	+2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.40%	20.61%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.99%	20.61%	+2.38%

VIOO vs. WAGOX - Expense Ratio Comparison

VIOO has a 0.10% 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 1.17%, less than WAGOX's 8.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WAGOX Wasatch Global Opportunities Fund	8.93%	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

Can I hold both VIOO and WAGOX in my portfolio?

VIOO and WAGOX have a correlation of 0.81, 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 WAGOX?

WAGOX has higher volatility (4.41%) compared to VIOO (4.40%). In terms of maximum drawdown, VIOO dropped -44.15% vs WAGOX's -44.05%.

Which has better risk-adjusted returns?

VIOO currently has the higher Sharpe Ratio (2.00 vs 0.12), 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.