VSIIX vs. IJR
Compare and contrast key facts about Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and iShares Core S&P Small-Cap ETF (IJR).
VSIIX is managed by Vanguard. It was launched on Dec 7, 1999. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000.
Performance
VSIIX vs. IJR - Performance Comparison
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VSIIX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 0.79% | 9.10% | 11.37% | 17.06% | -9.31% | 28.12% | 5.81% | 22.81% | -12.24% | 11.80% |
IJR iShares Core S&P Small-Cap ETF | 3.60% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Returns By Period
In the year-to-date period, VSIIX achieves a 0.79% return, which is significantly lower than IJR's 3.60% return. Both investments have delivered pretty close results over the past 10 years, with VSIIX having a 9.85% annualized return and IJR not far behind at 9.83%.
VSIIX
- 1D
- -0.41%
- 1M
- -7.11%
- YTD
- 0.79%
- 6M
- 2.85%
- 1Y
- 16.28%
- 3Y*
- 12.52%
- 5Y*
- 7.36%
- 10Y*
- 9.85%
IJR
- 1D
- 2.85%
- 1M
- -4.00%
- YTD
- 3.60%
- 6M
- 5.26%
- 1Y
- 20.51%
- 3Y*
- 10.49%
- 5Y*
- 4.08%
- 10Y*
- 9.83%
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VSIIX vs. IJR - Expense Ratio Comparison
Both VSIIX and IJR 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%.
Return for Risk
VSIIX vs. IJR — Risk / Return Rank
VSIIX
IJR
VSIIX vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and iShares Core S&P Small-Cap ETF (IJR). 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.
| VSIIX | IJR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.91 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.41 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.43 | -0.39 |
Martin ratioReturn relative to average drawdown | 4.29 | 5.77 | -1.48 |
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
| VSIIX | IJR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.91 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.19 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.43 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.42 | +0.01 |
Correlation
The correlation between VSIIX and IJR is 0.96, 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
VSIIX vs. IJR - Dividend Comparison
VSIIX's dividend yield for the trailing twelve months is around 1.96%, more than IJR's 1.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 1.96% | 1.96% | 1.99% | 2.10% | 2.04% | 1.76% | 1.69% | 2.07% | 2.36% | 1.80% | 1.77% | 1.99% |
IJR iShares Core S&P Small-Cap ETF | 1.29% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
Drawdowns
VSIIX vs. IJR - Drawdown Comparison
The maximum VSIIX drawdown since its inception was -62.05%, which is greater than IJR's maximum drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for VSIIX and IJR.
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Drawdown Indicators
| VSIIX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.05% | -58.15% | -3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -14.85% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -28.02% | +3.93% |
Max Drawdown (10Y)Largest decline over 10 years | -45.38% | -44.36% | -1.02% |
Current DrawdownCurrent decline from peak | -8.24% | -5.73% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -9.34% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.66% | -0.24% |
Volatility
VSIIX vs. IJR - Volatility Comparison
The current volatility for Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) is 4.89%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 6.27%. This indicates that VSIIX experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSIIX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 6.27% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 12.98% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.61% | 22.66% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 21.52% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.81% | 22.91% | -1.10% |