VIOV vs. IWN
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Value ETF (VIOV) and iShares Russell 2000 Value ETF (IWN).
VIOV and IWN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VIOV is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 Value Index. It was launched on Sep 7, 2010. IWN is a passively managed fund by iShares that tracks the performance of the Russell 2000 Value Index. It was launched on Jul 24, 2000. Both VIOV and IWN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VIOV vs. IWN - Performance Comparison
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VIOV vs. IWN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIOV Vanguard S&P Small-Cap 600 Value ETF | 4.51% | 6.63% | 7.44% | 15.36% | -11.37% | 30.67% | 2.81% | 24.44% | -12.85% | 11.54% |
IWN iShares Russell 2000 Value ETF | 4.91% | 12.40% | 7.63% | 14.56% | -14.77% | 27.96% | 4.66% | 22.01% | -13.01% | 7.69% |
Returns By Period
In the year-to-date period, VIOV achieves a 4.51% return, which is significantly lower than IWN's 4.91% return. Both investments have delivered pretty close results over the past 10 years, with VIOV having a 9.51% annualized return and IWN not far behind at 9.40%.
VIOV
- 1D
- 2.29%
- 1M
- -3.16%
- YTD
- 4.51%
- 6M
- 7.88%
- 1Y
- 23.53%
- 3Y*
- 10.24%
- 5Y*
- 4.95%
- 10Y*
- 9.51%
IWN
- 1D
- 2.58%
- 1M
- -3.76%
- YTD
- 4.91%
- 6M
- 8.14%
- 1Y
- 27.81%
- 3Y*
- 13.54%
- 5Y*
- 5.25%
- 10Y*
- 9.40%
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VIOV vs. IWN - Expense Ratio Comparison
VIOV has a 0.10% expense ratio, which is lower than IWN's 0.24% 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%.
Return for Risk
VIOV vs. IWN — Risk / Return Rank
VIOV
IWN
VIOV vs. IWN - 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 Russell 2000 Value ETF (IWN). 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.
| VIOV | IWN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.28 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.86 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.00 | -0.45 |
Martin ratioReturn relative to average drawdown | 5.79 | 7.95 | -2.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VIOV | IWN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.28 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.25 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.40 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.37 | +0.13 |
Correlation
The correlation between VIOV and IWN is 0.93, 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.
Dividends
VIOV vs. IWN - Dividend Comparison
VIOV's dividend yield for the trailing twelve months is around 1.76%, more than IWN's 1.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIOV Vanguard S&P Small-Cap 600 Value ETF | 1.76% | 1.69% | 1.78% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% |
IWN iShares Russell 2000 Value ETF | 1.63% | 1.70% | 1.80% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% |
Drawdowns
VIOV vs. IWN - Drawdown Comparison
The maximum VIOV drawdown since its inception was -47.36%, smaller than the maximum IWN drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for VIOV and IWN.
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Drawdown Indicators
| VIOV | IWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.36% | -61.55% | +14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.50% | -13.80% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -28.44% | -26.70% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | -47.36% | -46.08% | -1.28% |
Current DrawdownCurrent decline from peak | -6.21% | -5.39% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -10.22% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 3.47% | +0.67% |
Volatility
VIOV vs. IWN - Volatility Comparison
The current volatility for Vanguard S&P Small-Cap 600 Value ETF (VIOV) is 5.42%, while iShares Russell 2000 Value ETF (IWN) has a volatility of 6.25%. This indicates that VIOV experiences smaller price fluctuations and is considered to be less risky than IWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIOV | IWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 6.25% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | 12.98% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 21.78% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.11% | 21.54% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.90% | 23.37% | +0.53% |