VSIIX vs. IMCG
Compare and contrast key facts about Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
VSIIX is managed by Vanguard. It was launched on Dec 7, 1999. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004.
Performance
VSIIX vs. IMCG - Performance Comparison
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VSIIX vs. IMCG - 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% |
IMCG iShares Morningstar Mid-Cap Growth ETF | -1.19% | 6.55% | 18.14% | 20.73% | -25.79% | 15.39% | 45.64% | 35.70% | -3.68% | 25.57% |
Returns By Period
In the year-to-date period, VSIIX achieves a 0.79% return, which is significantly higher than IMCG's -1.19% return. Over the past 10 years, VSIIX has underperformed IMCG with an annualized return of 9.85%, while IMCG has yielded a comparatively higher 12.58% annualized return.
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%
IMCG
- 1D
- 3.63%
- 1M
- -6.39%
- YTD
- -1.19%
- 6M
- -4.39%
- 1Y
- 11.14%
- 3Y*
- 11.94%
- 5Y*
- 5.08%
- 10Y*
- 12.58%
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VSIIX vs. IMCG - Expense Ratio Comparison
Both VSIIX and IMCG 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. IMCG — Risk / Return Rank
VSIIX
IMCG
VSIIX vs. IMCG - 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 Morningstar Mid-Cap Growth ETF (IMCG). 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 | IMCG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.55 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.28 | 0.92 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.87 | +0.16 |
Martin ratioReturn relative to average drawdown | 4.29 | 3.61 | +0.68 |
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 | IMCG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.55 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.25 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.62 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.50 | -0.07 |
Correlation
The correlation between VSIIX and IMCG is 0.83, 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. IMCG - Dividend Comparison
VSIIX's dividend yield for the trailing twelve months is around 1.96%, more than IMCG's 0.80% 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% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.80% | 0.78% | 0.78% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% |
Drawdowns
VSIIX vs. IMCG - Drawdown Comparison
The maximum VSIIX drawdown since its inception was -62.05%, which is greater than IMCG's maximum drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for VSIIX and IMCG.
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Drawdown Indicators
| VSIIX | IMCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.05% | -58.96% | -3.09% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -12.99% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -35.08% | +10.99% |
Max Drawdown (10Y)Largest decline over 10 years | -45.38% | -35.08% | -10.30% |
Current DrawdownCurrent decline from peak | -8.24% | -6.90% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -9.29% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.14% | +0.28% |
Volatility
VSIIX vs. IMCG - Volatility Comparison
The current volatility for Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) is 4.89%, while iShares Morningstar Mid-Cap Growth ETF (IMCG) has a volatility of 7.19%. This indicates that VSIIX experiences smaller price fluctuations and is considered to be less risky than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSIIX | IMCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 7.19% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 12.08% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.61% | 20.27% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 20.09% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.81% | 20.44% | +1.37% |