VISVX vs. NAESX
VISVX (Vanguard Small Cap Value Index Fund) and NAESX (Vanguard Small Cap Index Fund) are both mutual funds - VISVX is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index, while NAESX is a Small Cap Blend Equities fund managed by Vanguard. Over the past 10 years, VISVX returned 10.43%/yr vs 10.81%/yr for NAESX. Their 0.96 correlation means they have historically moved very closely together. VISVX charges 0.19%/yr vs 0.17%/yr for NAESX.
Performance
VISVX vs. NAESX - Performance Comparison
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Returns By Period
In the year-to-date period, VISVX achieves a 16.80% return, which is significantly higher than NAESX's 15.36% return. Both investments have delivered pretty close results over the past 10 years, with VISVX having a 10.43% annualized return and NAESX not far ahead at 10.81%.
VISVX
- 1D
- 0.00%
- 1M
- 0.74%
- 6M
- 10.88%
- YTD
- 16.80%
- 1Y
- 27.73%
- 3Y*
- 14.01%
- 5Y*
- 9.51%
- 10Y*
- 10.43%
- ALL TIME*
- 9.07%
NAESX
- 1D
- 0.91%
- 1M
- -1.58%
- 6M
- 10.29%
- YTD
- 15.36%
- 1Y
- 25.98%
- 3Y*
- 13.81%
- 5Y*
- 7.35%
- 10Y*
- 10.81%
- ALL TIME*
- 9.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VISVX vs. NAESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VISVX Vanguard Small Cap Value Index Fund | 16.80% | 8.27% | 11.21% | 16.92% | -9.43% | 27.97% | 5.68% | 22.61% | -12.35% | 11.67% |
NAESX Vanguard Small Cap Index Fund | 15.36% | 8.71% | 12.83% | 19.35% | -17.71% | 17.60% | 18.92% | 27.22% | -9.44% | 16.10% |
Correlation
The correlation between VISVX and NAESX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 21, 1998 | 0.96 |
The correlation between VISVX and NAESX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
VISVX vs. NAESX — Risk / Return Rank
VISVX
NAESX
VISVX vs. NAESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small Cap Value Index Fund (VISVX) and Vanguard Small Cap Index Fund (NAESX). 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.
| VISVX | NAESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.54 | +0.25 |
| Martin ratioReturn relative to average drawdown | 10.23 | 9.32 | +0.91 |
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Drawdowns
VISVX vs. NAESX - Drawdown Comparison
The maximum VISVX drawdown since its inception was -62.15%, roughly equal to the maximum NAESX drawdown of -59.77%. Use the drawdown chart below to compare losses from any high point for VISVX and NAESX.
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Drawdown Indicators
| VISVX | NAESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.15% | -59.77% | -2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -8.98% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -24.60% | -25.28% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -28.19% | +3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -45.39% | -41.82% | -3.57% |
Current DrawdownCurrent decline from peak | -1.23% | -2.36% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -11.79% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.46% | -0.03% |
Volatility
VISVX vs. NAESX - Volatility Comparison
Vanguard Small Cap Value Index Fund (VISVX) and Vanguard Small Cap Index Fund (NAESX) have volatilities of 3.33% and 3.31%, 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
| VISVX | NAESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 3.31% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 11.97% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.95% | 16.47% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 20.67% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 21.55% | +0.20% |
VISVX vs. NAESX - Expense Ratio Comparison
VISVX has a 0.19% expense ratio, which is higher than NAESX's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VISVX vs. NAESX - Dividend Comparison
VISVX's dividend yield for the trailing twelve months is around 1.64%, more than NAESX's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAESX Vanguard Small Cap Index Fund | 1.10% | 1.22% | 1.19% | 1.43% | 1.41% | 1.12% | 1.05% | 1.27% | 1.53% | 1.24% | 1.39% | 1.35% |
VISVX Vanguard Small Cap Value Index Fund | 1.64% | 1.28% | 1.86% | 1.98% | 1.90% | 1.63% | 1.58% | 1.95% | 2.20% | 1.68% | 1.42% | 1.85% |
Frequently Asked Questions
With a correlation of 0.93, VISVX and NAESX 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.
VISVX has higher volatility (3.33%) compared to NAESX (3.31%). In terms of maximum drawdown, VISVX dropped -62.15% vs NAESX's -59.77%.
VISVX currently has the higher Sharpe Ratio (1.66 vs 1.39), 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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