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 10.72%/yr vs 9.58%/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 21.13% return, which is significantly higher than WAGOX's 6.40% return. Over the past 10 years, VIOO has outperformed WAGOX with an annualized return of 10.72%, while WAGOX has yielded a comparatively lower 9.58% annualized return.
VIOO
- 1D
- -0.43%
- 1M
- 1.20%
- 6M
- 15.13%
- YTD
- 21.13%
- 1Y
- 30.34%
- 3Y*
- 14.46%
- 5Y*
- 7.62%
- 10Y*
- 10.72%
WAGOX
- 1D
- 0.00%
- 1M
- 1.53%
- 6M
- 2.57%
- YTD
- 6.40%
- 1Y
- -1.68%
- 3Y*
- 5.92%
- 5Y*
- -1.20%
- 10Y*
- 9.58%
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 | 21.13% | 6.04% | 8.48% | 16.16% | -16.26% | 26.79% | 11.47% | 22.68% | -8.65% | 13.16% |
WAGOX Wasatch Global Opportunities Fund | 6.40% | -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 | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.98 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | -0.17 | +3.64 |
| Martin ratioReturn relative to average drawdown | 11.71 | -0.40 | +12.11 |
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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% | -16.72% | +7.95% |
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 | -2.28% | -17.84% | +15.56% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -10.17% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 7.08% | -4.48% |
Volatility
VIOO vs. WAGOX - Volatility Comparison
The current volatility for Vanguard S&P Small-Cap 600 ETF (VIOO) is 4.69%, while Wasatch Global Opportunities Fund (WAGOX) has a volatility of 5.39%. This indicates that VIOO experiences smaller price fluctuations and is considered to be less risky 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 | 4.69% | 5.39% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 12.08% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 15.74% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 20.70% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.94% | 20.51% | +2.43% |
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 1.12%, less than WAGOX's 8.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIOO Vanguard S&P Small-Cap 600 ETF | 1.12% | 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 | 8.77% | 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.
WAGOX has higher volatility (5.39%) compared to VIOO (4.69%). In terms of maximum drawdown, VIOO dropped -44.15% vs WAGOX's -44.05%.
VIOO currently has the higher Sharpe Ratio (1.73 vs -0.18), 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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