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VIOV vs. IJS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIOV vs. IJS

Last updated Jun 23, 2026

VIOV (Vanguard S&P Small-Cap 600 Value ETF) and IJS (iShares S&P SmallCap 600 Value ETF) are both Small Cap Value Equities funds tracking the S&P SmallCap 600 Value Index, from Vanguard and iShares respectively. Both are passively managed. Over the past 10 years, VIOV returned 10.69%/yr vs 10.51%/yr for IJS. Their correlation of 0.94 suggests significant overlap in exposure. VIOV charges 0.10%/yr vs 0.25%/yr for IJS.

Performance

VIOV vs. IJS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Small-Cap 600 Value ETF (VIOV) and iShares S&P SmallCap 600 Value ETF (IJS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with VIOV having a 17.84% return and IJS slightly lower at 17.64%. Both investments have delivered pretty close results over the past 10 years, with VIOV having a 10.69% annualized return and IJS not far behind at 10.51%.

VIOV

1D
-0.11%
1M
3.21%
YTD
17.84%
6M
15.63%
1Y
39.61%
3Y*
15.67%
5Y*
6.67%
10Y*
10.69%

IJS

1D
-0.23%
1M
3.17%
YTD
17.64%
6M
15.52%
1Y
39.39%
3Y*
15.42%
5Y*
6.48%
10Y*
10.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIOV vs. IJS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIOV
Vanguard S&P Small-Cap 600 Value ETF		17.84%6.63%7.44%15.36%-11.37%30.67%2.81%24.44%-12.85%11.54%
IJS
iShares S&P SmallCap 600 Value ETF		17.64%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%

Correlation

The correlation between VIOV and IJS is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.94

The correlation between VIOV and IJS has been stable across timeframes, ranging from 0.94 to 1.00 - a consistent structural relationship.

VIOV vs. IJS - Sectors Allocation Comparison

Sectors
VIOV
IJS

Financial Services

19.5%
19.4%

Consumer Cyclical

15.4%
15.4%

Technology

13.5%
13.4%

Industrials

11.6%
11.6%

Real Estate

8.6%
8.6%

Healthcare

7.3%
7.3%

Energy

7.0%
7.0%

Basic Materials

6.7%
6.9%

Communication Services

4.4%
4.4%

Consumer Defensive

3.9%
3.9%

Utilities

2.1%
2.1%

Financial Services

VIOV
19.5%
IJS
19.4%

Consumer Cyclical

VIOV
15.4%
IJS
15.4%

Technology

VIOV
13.5%
IJS
13.4%

Industrials

VIOV
11.6%
IJS
11.6%

Real Estate

VIOV
8.6%
IJS
8.6%

Healthcare

VIOV
7.3%
IJS
7.3%

Energy

VIOV
7.0%
IJS
7.0%

Basic Materials

VIOV
6.7%
IJS
6.9%

Communication Services

VIOV
4.4%
IJS
4.4%

Consumer Defensive

VIOV
3.9%
IJS
3.9%

Utilities

VIOV
2.1%
IJS
2.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P Small-Cap 600 Value ETF

iShares S&P SmallCap 600 Value ETF

Often compared with VIOV:
VIOV vs. AVUVVIOV vs. VBRVIOV vs. VIOOVIOV vs. VIOGVIOV vs. VSIAXVIOV vs. SLYVVIOV vs. VTWV
Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. IWNIJS vs. VOOIJS vs. ISCVIJS vs. IWM

Return for Risk

VIOV vs. IJS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIOV
VIOV Risk / Return Rank: 7272
Overall Rank
VIOV Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
VIOV Sortino Ratio Rank: 7171
Sortino Ratio Rank
VIOV Omega Ratio Rank: 6363
Omega Ratio Rank
VIOV Calmar Ratio Rank: 8383
Calmar Ratio Rank
VIOV Martin Ratio Rank: 7676
Martin Ratio Rank
IJS
IJS Risk / Return Rank: 7272
Overall Rank
IJS Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 7171
Sortino Ratio Rank
IJS Omega Ratio Rank: 6363
Omega Ratio Rank
IJS Calmar Ratio Rank: 8383
Calmar Ratio Rank
IJS Martin Ratio Rank: 7676
Martin Ratio Rank
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.

VIOV vs. IJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Value ETF (VIOV) and iShares S&P SmallCap 600 Value ETF (IJS). 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.

VIOVIJSDifference
Sharpe ratioReturn per unit of total volatility
2.16
2.16

0.00

Sortino ratioReturn per unit of downside risk
3.07
3.07

+0.01

Omega ratioGain probability vs. loss probability

1.37

1.37

0.00

Calmar ratioReturn relative to maximum drawdown

4.27

4.26

0.00

Martin ratioReturn relative to average drawdown

13.99

14.04

-0.05

VIOV vs. IJS - Sharpe Ratio Comparison

The current VIOV Sharpe Ratio is 2.16, which is comparable to the IJS Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of VIOV and IJS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VIOV vs. IJS - Drawdown Comparison

The maximum VIOV drawdown since its inception was -47.36%, smaller than the maximum IJS drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for VIOV and IJS.

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Drawdown Indicators

VIOVIJSDifference

Max Drawdown

Largest peak-to-trough decline

-47.36%

-60.11%

+12.75%

Max Drawdown (1Y)

Largest decline over 1 year

-9.33%

-9.28%

-0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-28.44%

-28.65%

+0.21%

Max Drawdown (5Y)

Largest decline over 5 years

-28.44%

-28.65%

+0.21%

Max Drawdown (10Y)

Largest decline over 10 years

-47.36%

-47.68%

+0.32%

Current Drawdown

Current decline from peak

-1.32%

-1.42%

+0.10%

Average Drawdown

Average peak-to-trough decline

-7.36%

-9.87%

+2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

2.81%

+0.03%

Volatility

VIOV vs. IJS - Volatility Comparison

Vanguard S&P Small-Cap 600 Value ETF (VIOV) and iShares S&P SmallCap 600 Value ETF (IJS) have volatilities of 4.73% and 4.84%, 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.

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Volatility by Period

VIOVIJSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.73%

4.84%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

11.81%

11.82%

-0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

18.48%

18.38%

+0.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.90%

21.94%

-0.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.91%

23.62%

+0.29%

VIOV vs. IJS - Expense Ratio Comparison

VIOV has a 0.10% expense ratio, which is lower than IJS's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VIOV vs. IJS - Dividend Comparison

VIOV's dividend yield for the trailing twelve months is around 1.56%, more than IJS's 1.35% yield.

PositionTTM20252024202320222021202020192018201720162015
IJS
iShares S&P SmallCap 600 Value ETF		1.35%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%
VIOV
Vanguard S&P Small-Cap 600 Value ETF		1.56%1.69%1.78%2.18%1.81%1.59%1.42%1.60%1.76%1.43%1.17%1.32%

Frequently Asked Questions

With a correlation of 0.99, VIOV and IJS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IJS has higher volatility (4.84%) compared to VIOV (4.73%). In terms of maximum drawdown, VIOV dropped -47.36% vs IJS's -60.11%.

On 10-year performance, VIOV leads with 10.69% vs 10.51% for IJS. On fees, VIOV is cheaper at 0.10% per year. On volatility, VIOV has been the lower-risk option at 4.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VIOV has performed better with a 10.69% return vs 10.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VIOV is cheaper with a 0.10% expense ratio, compared with 0.25% for IJS.

VIOV has the higher dividend yield at 1.56%, compared with 1.35% for IJS.

Both ETFs track S&P SmallCap 600 Value Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VIOV and 0.25% for IJS.

VIOV currently has the higher Sharpe Ratio (2.16 vs 2.16), 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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