VSGIX vs. VSIIX
VSGIX (Vanguard Small-Cap Growth Index Fund Institutional Shares) and VSIIX (Vanguard Small-Cap Value Index Fund Institutional Shares) are both mutual funds - VSGIX is a Small Cap Growth Equities fund managed by Vanguard, while VSIIX is a Small Cap Value Equities fund managed by Vanguard. Over the past 10 years, VSGIX returned 11.86%/yr vs 10.57%/yr for VSIIX. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.06% expense ratio.
Performance
VSGIX vs. VSIIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VSGIX achieves a 18.74% return, which is significantly higher than VSIIX's 12.06% return. Over the past 10 years, VSGIX has outperformed VSIIX with an annualized return of 11.86%, while VSIIX has yielded a comparatively lower 10.57% annualized return.
VSGIX
- 1D
- 0.72%
- 1M
- 6.06%
- YTD
- 18.74%
- 6M
- 18.16%
- 1Y
- 34.12%
- 3Y*
- 18.14%
- 5Y*
- 6.12%
- 10Y*
- 11.86%
VSIIX
- 1D
- 0.85%
- 1M
- 2.83%
- YTD
- 12.06%
- 6M
- 12.40%
- 1Y
- 26.26%
- 3Y*
- 16.61%
- 5Y*
- 8.07%
- 10Y*
- 10.57%
VSGIX vs. VSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares | 18.74% | 8.44% | 14.95% | 23.07% | -28.39% | 5.70% | 35.29% | 32.77% | -5.70% | 21.94% |
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 12.06% | 9.10% | 11.37% | 17.06% | -9.31% | 28.12% | 5.81% | 22.81% | -12.24% | 11.80% |
Correlation
The correlation between VSGIX and VSIIX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 25, 2000 | 0.91 |
The correlation between VSGIX and VSIIX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VSGIX vs. VSIIX — Risk / Return Rank
VSGIX
VSIIX
VSGIX vs. VSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) and Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX). 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.
| VSGIX | VSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.16 | +0.02 |
| Martin ratioReturn relative to average drawdown | 12.10 | 11.19 | +0.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VSGIX | VSIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.85 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.41 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.49 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.44 | -0.04 |
Drawdowns
VSGIX vs. VSIIX - Drawdown Comparison
The maximum VSGIX drawdown since its inception was -58.66%, smaller than the maximum VSIIX drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for VSGIX and VSIIX.
Loading charts...
Drawdown Indicators
| VSGIX | VSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.66% | -62.05% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -8.87% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -27.47% | -24.09% | -3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -38.36% | -24.09% | -14.27% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | -45.38% | +6.68% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -11.34% | -8.52% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.50% | +0.48% |
Volatility
VSGIX vs. VSIIX - Volatility Comparison
Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) has a higher volatility of 5.28% compared to Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) at 4.09%. This indicates that VSGIX's price experiences larger fluctuations and is considered to be riskier than VSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VSGIX | VSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 4.09% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 10.43% | +4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.45% | 15.20% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.56% | 19.77% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.98% | 21.83% | +1.15% |
VSGIX vs. VSIIX - Expense Ratio Comparison
Both VSGIX and VSIIX have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VSGIX vs. VSIIX - Dividend Comparison
VSGIX's dividend yield for the trailing twelve months is around 0.45%, less than VSIIX's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares | 0.45% | 0.55% | 0.55% | 0.68% | 0.56% | 0.37% | 0.45% | 0.58% | 0.80% | 0.82% | 1.09% | 0.98% |
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 1.76% | 1.96% | 1.99% | 2.10% | 2.04% | 1.76% | 1.69% | 2.07% | 2.36% | 1.80% | 1.77% | 1.99% |
Frequently Asked Questions
VSGIX and VSIIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSGIX has higher volatility (5.28%) compared to VSIIX (4.09%). In terms of maximum drawdown, VSGIX dropped -58.66% vs VSIIX's -62.05%.
VSGIX currently has the higher Sharpe Ratio (1.86 vs 1.85), 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.
Find the right allocation for VSGIX and VSIIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer