VSIAX vs. VIOV
Compare and contrast key facts about Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).
VSIAX is managed by Vanguard. It was launched on Sep 27, 2011. 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.
Performance
VSIAX vs. VIOV - Performance Comparison
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VSIAX vs. VIOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares | 0.80% | 9.09% | 11.34% | 17.06% | -9.31% | 28.10% | 5.80% | 22.76% | -12.24% | 11.80% |
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% |
Returns By Period
In the year-to-date period, VSIAX achieves a 0.80% return, which is significantly lower than VIOV's 4.51% return. Both investments have delivered pretty close results over the past 10 years, with VSIAX having a 9.83% annualized return and VIOV not far behind at 9.51%.
VSIAX
- 1D
- -0.40%
- 1M
- -7.12%
- YTD
- 0.80%
- 6M
- 2.85%
- 1Y
- 16.28%
- 3Y*
- 12.51%
- 5Y*
- 7.35%
- 10Y*
- 9.83%
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%
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VSIAX vs. VIOV - Expense Ratio Comparison
VSIAX has a 0.07% 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%.
Return for Risk
VSIAX vs. VIOV — Risk / Return Rank
VSIAX
VIOV
VSIAX vs. VIOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) 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.
| VSIAX | VIOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.00 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.52 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.55 | -0.51 |
Martin ratioReturn relative to average drawdown | 4.28 | 5.79 | -1.51 |
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
| VSIAX | VIOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.00 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.23 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.40 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.50 | +0.05 |
Correlation
The correlation between VSIAX and VIOV is 0.94, 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
VSIAX vs. VIOV - Dividend Comparison
VSIAX's dividend yield for the trailing twelve months is around 1.95%, more than VIOV's 1.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares | 1.95% | 1.95% | 1.98% | 2.10% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
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% |
Drawdowns
VSIAX vs. VIOV - Drawdown Comparison
The maximum VSIAX drawdown since its inception was -45.39%, roughly equal to the maximum VIOV drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for VSIAX and VIOV.
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Drawdown Indicators
| VSIAX | VIOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.39% | -47.36% | +1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -15.50% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -28.44% | +4.35% |
Max Drawdown (10Y)Largest decline over 10 years | -45.39% | -47.36% | +1.97% |
Current DrawdownCurrent decline from peak | -8.24% | -6.21% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -7.45% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 4.14% | -0.72% |
Volatility
VSIAX vs. VIOV - Volatility Comparison
The current volatility for Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) is 4.89%, while Vanguard S&P Small-Cap 600 Value ETF (VIOV) has a volatility of 5.42%. This indicates that VSIAX experiences smaller price fluctuations and is considered to be less risky 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
| VSIAX | VIOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 5.42% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 13.56% | -2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 23.66% | -3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 22.11% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 23.90% | -1.46% |