VRTIX vs. VIOV
VRTIX (Vanguard Russell 2000 Index Fund Institutional Shares) and VIOV (Vanguard S&P Small-Cap 600 Value ETF) are both funds - VRTIX is a Small Cap Blend Equities fund managed by Vanguard, while VIOV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Over the past 10 years, VRTIX returned 10.77%/yr vs 10.33%/yr for VIOV. Their correlation of 0.90 means they have usually moved in the same direction. VRTIX charges 0.08%/yr vs 0.10%/yr for VIOV.
Performance
VRTIX vs. VIOV - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VRTIX having a 19.49% return and VIOV slightly higher at 20.41%. Both investments have delivered pretty close results over the past 10 years, with VRTIX having a 10.77% annualized return and VIOV not far behind at 10.33%.
VRTIX
- 1D
- 1.37%
- 1M
- -1.63%
- 6M
- 13.42%
- YTD
- 19.49%
- 1Y
- 37.74%
- 3Y*
- 15.24%
- 5Y*
- 7.19%
- 10Y*
- 10.77%
- ALL TIME*
- 11.47%
VIOV
- 1D
- 0.17%
- 1M
- 0.49%
- 6M
- 12.83%
- YTD
- 20.41%
- 1Y
- 39.50%
- 3Y*
- 12.68%
- 5Y*
- 8.14%
- 10Y*
- 10.33%
- ALL TIME*
- 11.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.48M | $4.51M | $5.05M | |
| $0.00 | $0.00 | $0.00 |
VRTIX vs. VIOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRTIX Vanguard Russell 2000 Index Fund Institutional Shares | 19.49% | 12.55% | 11.59% | 17.01% | -20.40% | 14.71% | 20.46% | 25.60% | -10.92% | 14.77% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 20.41% | 6.63% | 7.44% | 15.36% | -11.37% | 30.67% | 2.81% | 24.44% | -12.85% | 11.54% |
Correlation
The correlation between VRTIX and VIOV is 0.86, 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. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.90 |
The correlation between VRTIX and VIOV has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
VRTIX vs. VIOV — Risk / Return Rank
VRTIX
VIOV
VRTIX vs. VIOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Index Fund Institutional Shares (VRTIX) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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.
| VRTIX | VIOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 4.00 | -0.92 |
| Martin ratioReturn relative to average drawdown | 10.93 | 13.68 | -2.75 |
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Drawdowns
VRTIX vs. VIOV - Drawdown Comparison
The maximum VRTIX drawdown since its inception was -41.69%, smaller than the maximum VIOV drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for VRTIX and VIOV.
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Drawdown Indicators
| VRTIX | VIOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.69% | -47.36% | +5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -9.33% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -27.72% | -28.44% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -31.98% | -28.44% | -3.54% |
Max Drawdown (10Y)Largest decline over 10 years | -41.69% | -47.36% | +5.67% |
Current DrawdownCurrent decline from peak | -2.55% | -1.44% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -7.31% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.72% | +0.38% |
Volatility
VRTIX vs. VIOV - Volatility Comparison
Vanguard Russell 2000 Index Fund Institutional Shares (VRTIX) has a higher volatility of 3.82% compared to Vanguard S&P Small-Cap 600 Value ETF (VIOV) at 3.57%. This indicates that VRTIX's price experiences larger fluctuations and is considered to be riskier than VIOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRTIX | VIOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 3.57% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 11.07% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.41% | 17.78% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 21.67% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.43% | 23.82% | -0.39% |
VRTIX vs. VIOV - Expense Ratio Comparison
VRTIX has a 0.08% expense ratio, which is lower than VIOV's 0.10% 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
VRTIX vs. VIOV - Dividend Comparison
VRTIX's dividend yield for the trailing twelve months is around 1.11%, less than VIOV's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIOV Vanguard S&P Small-Cap 600 Value ETF | 1.68% | 1.69% | 1.78% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% |
VRTIX Vanguard Russell 2000 Index Fund Institutional Shares | 1.11% | 1.00% | 1.23% | 1.46% | 1.50% | 1.05% | 1.14% | 1.36% | 1.49% | 1.24% | 1.33% | 1.31% |
Frequently Asked Questions
VRTIX and VIOV have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VRTIX has higher volatility (3.82%) compared to VIOV (3.57%). In terms of maximum drawdown, VRTIX dropped -41.69% vs VIOV's -47.36%.
VIOV currently has the higher Sharpe Ratio (2.10 vs 1.74), 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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