VSIIX vs. IWM
Compare and contrast key facts about Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and iShares Russell 2000 ETF (IWM).
VSIIX is managed by Vanguard. It was launched on Dec 7, 1999. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Performance
VSIIX vs. IWM - Performance Comparison
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VSIIX vs. IWM - 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% |
IWM iShares Russell 2000 ETF | 0.93% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Returns By Period
In the year-to-date period, VSIIX achieves a 0.79% return, which is significantly lower than IWM's 0.93% return. Both investments have delivered pretty close results over the past 10 years, with VSIIX having a 9.85% annualized return and IWM not far behind at 9.76%.
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%
IWM
- 1D
- 3.50%
- 1M
- -4.96%
- YTD
- 0.93%
- 6M
- 3.02%
- 1Y
- 25.66%
- 3Y*
- 12.94%
- 5Y*
- 3.34%
- 10Y*
- 9.76%
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VSIIX vs. IWM - Expense Ratio Comparison
VSIIX has a 0.06% expense ratio, which is lower than IWM's 0.19% 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
VSIIX vs. IWM — Risk / Return Rank
VSIIX
IWM
VSIIX vs. IWM - 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 Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.11 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.66 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.82 | -0.79 |
Martin ratioReturn relative to average drawdown | 4.29 | 6.76 | -2.47 |
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 | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.11 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.15 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.43 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.34 | +0.08 |
Correlation
The correlation between VSIIX and IWM is 0.95, 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. IWM - Dividend Comparison
VSIIX's dividend yield for the trailing twelve months is around 1.96%, more than IWM's 1.02% 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% |
IWM iShares Russell 2000 ETF | 1.02% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Drawdowns
VSIIX vs. IWM - Drawdown Comparison
The maximum VSIIX drawdown since its inception was -62.05%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for VSIIX and IWM.
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Drawdown Indicators
| VSIIX | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.05% | -59.05% | -3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -13.74% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -31.91% | +7.82% |
Max Drawdown (10Y)Largest decline over 10 years | -45.38% | -41.13% | -4.25% |
Current DrawdownCurrent decline from peak | -8.24% | -7.91% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -10.83% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.70% | -0.28% |
Volatility
VSIIX vs. IWM - Volatility Comparison
The current volatility for Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) is 4.89%, while iShares Russell 2000 ETF (IWM) has a volatility of 7.47%. This indicates that VSIIX experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSIIX | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 7.47% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 14.47% | -3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.61% | 23.18% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 22.55% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.81% | 22.99% | -1.18% |