VIOV vs. VVSM.DE

Last updated Jun 10, 2026

VIOV (Vanguard S&P Small-Cap 600 Value ETF) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - VIOV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, VIOV returned 6.06%/yr vs 35.05%/yr for VVSM.DE. At a 0.36 correlation, their price movements are largely independent. VIOV charges 0.10%/yr vs 0.35%/yr for VVSM.DE.

Performance

VIOV vs. VVSM.DE - 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 VanEck Semiconductor UCITS ETF (VVSM.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VIOV is traded in USD, while VVSM.DE is traded in EUR. To make them comparable, the VVSM.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VIOV achieves a 16.68% return, which is significantly lower than VVSM.DE's 71.32% return.

VIOV

• 1D: 0.91%
• 1M: 1.89%
• YTD: 16.68%
• 6M: 16.52%
• 1Y: 35.68%
• 3Y*: 14.02%
• 5Y*: 6.06%
• 10Y*: 10.32%

VVSM.DE

• 1D: -3.42%
• 1M: 5.13%
• YTD: 71.32%
• 6M: 69.76%
• 1Y: 145.93%
• 3Y*: 56.71%
• 5Y*: 35.05%
• 10Y*: —

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

VIOV vs. VVSM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VIOV Vanguard S&P Small-Cap 600 Value ETF	16.68%	6.63%	7.44%	15.36%	-11.37%	30.67%	7.67%
VVSM.DE VanEck Semiconductor UCITS ETF	71.32%	50.40%	23.95%	75.57%	-36.50%	45.89%	-14.19%

Correlation

The correlation between VIOV and VVSM.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020	0.36

Return for Risk

VIOV vs. VVSM.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIOV

VIOV Risk / Return Rank: 71
VIOV Sharpe Ratio Rank: 67
VIOV Sortino Ratio Rank: 70
VIOV Omega Ratio Rank: 62
VIOV Calmar Ratio Rank: 82
VIOV Martin Ratio Rank: 74

VVSM.DE

VVSM.DE Risk / Return Rank: 96
VVSM.DE Sharpe Ratio Rank: 97
VVSM.DE Sortino Ratio Rank: 95
VVSM.DE Omega Ratio Rank: 93
VVSM.DE Calmar Ratio Rank: 98
VVSM.DE Martin Ratio Rank: 97

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. VVSM.DE - 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 VanEck Semiconductor UCITS ETF (VVSM.DE). 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	VVSM.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.95	4.38	-2.43
Sortino ratio: Return per unit of downside risk	2.80	4.61	-1.81
Omega ratio: Gain probability vs. loss probability	1.33	1.59	-0.25
Calmar ratio: Return relative to maximum drawdown	3.84	10.36	-6.52
Martin ratio: Return relative to average drawdown	12.50	37.27	-24.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIOV vs. VVSM.DE - Sharpe Ratio Comparison

The current VIOV Sharpe Ratio is 1.95, which is lower than the VVSM.DE Sharpe Ratio of 4.38. The chart below compares the historical Sharpe Ratios of VIOV and VVSM.DE, 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

	VIOV	VVSM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	4.38	-2.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	1.07	-0.79
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.93	-0.40

Drawdowns

VIOV vs. VVSM.DE - Drawdown Comparison

The maximum VIOV drawdown since its inception was -47.36%, roughly equal to the maximum VVSM.DE drawdown of -45.83%. Use the drawdown chart below to compare losses from any high point for VIOV and VVSM.DE.

Drawdown Indicators

	VIOV	VVSM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-47.36%	-45.83%	-1.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.33%	-14.00%	+4.67%
Max Drawdown (3Y) Largest decline over 3 years	-28.44%	-36.86%	+8.42%
Max Drawdown (5Y) Largest decline over 5 years	-28.44%	-45.83%	+17.39%
Max Drawdown (10Y) Largest decline over 10 years	-47.36%	—	—
Current Drawdown Current decline from peak	-0.09%	-9.30%	+9.21%
Average Drawdown Average peak-to-trough decline	-7.37%	-11.72%	+4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	3.90%	-1.04%

Volatility

VIOV vs. VVSM.DE - Volatility Comparison

The current volatility for Vanguard S&P Small-Cap 600 Value ETF (VIOV) is 4.85%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 13.95%. This indicates that VIOV experiences smaller price fluctuations and is considered to be less risky than VVSM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIOV	VVSM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	13.95%	-9.10%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	26.36%	-14.62%
Volatility (1Y) Calculated over the trailing 1-year period	18.43%	33.14%	-14.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.96%	32.47%	-10.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.89%	32.93%	-9.04%

VIOV vs. VVSM.DE - Expense Ratio Comparison

VIOV has a 0.10% expense ratio, which is lower than VVSM.DE's 0.35% expense ratio.

Dividends

VIOV vs. VVSM.DE - Dividend Comparison

VIOV's dividend yield for the trailing twelve months is around 1.57%, while VVSM.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIOV Vanguard S&P Small-Cap 600 Value ETF	1.57%	1.69%	1.78%	2.18%	1.81%	1.59%	1.42%	1.60%	1.76%	1.43%	1.17%	1.32%
VVSM.DE VanEck Semiconductor UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VIOV and VVSM.DE in my portfolio?

VIOV and VVSM.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VIOV or VVSM.DE?

On fees, VIOV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VIOV or VVSM.DE?

VIOV is cheaper with a 0.10% expense ratio, compared with 0.35% for VVSM.DE.

What is the main difference between VIOV and VVSM.DE?

VIOV is categorized as Small Cap Value Equities, while VVSM.DE is Semiconductors. VIOV tracks S&P SmallCap 600 Value Index, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.10% for VIOV and 0.35% for VVSM.DE.