VSIIX vs. VIOV
Compare and contrast key facts about Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).
VSIIX is managed by Vanguard. It was launched on Dec 7, 1999. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSIIX or VIOV.
Performance
VSIIX vs. VIOV - Performance Comparison
Returns By Period
In the year-to-date period, VSIIX achieves a 19.06% return, which is significantly higher than VIOV's 11.86% return. Over the past 10 years, VSIIX has outperformed VIOV with an annualized return of 9.42%, while VIOV has yielded a comparatively lower 8.74% annualized return.
VSIIX
19.06%
5.14%
14.98%
32.15%
12.11%
9.42%
VIOV
11.86%
6.59%
16.19%
28.13%
10.01%
8.74%
Key characteristics
| VSIIX | VIOV | |
|---|---|---|
| Sharpe Ratio | 1.98 | 1.36 |
| Sortino Ratio | 2.80 | 2.05 |
| Omega Ratio | 1.35 | 1.25 |
| Calmar Ratio | 4.01 | 1.86 |
| Martin Ratio | 11.14 | 6.10 |
| Ulcer Index | 2.95% | 4.70% |
| Daily Std Dev | 16.66% | 21.03% |
| Max Drawdown | -62.05% | -47.36% |
| Current Drawdown | -1.27% | -3.03% |
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VSIIX vs. VIOV - Expense Ratio Comparison
VSIIX has a 0.06% expense ratio, which is lower than VIOV's 0.15% 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%.
Correlation
The correlation between VSIIX and VIOV is 0.92, 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.
Risk-Adjusted Performance
VSIIX vs. VIOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) 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.
Dividends
VSIIX vs. VIOV - Dividend Comparison
VSIIX's dividend yield for the trailing twelve months is around 1.89%, less than VIOV's 2.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 1.89% | 2.12% | 2.04% | 1.76% | 1.69% | 2.07% | 2.36% | 1.80% | 1.77% | 1.99% | 1.78% | 1.88% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 2.19% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% | 1.27% | 0.91% |
Drawdowns
VSIIX vs. VIOV - Drawdown Comparison
The maximum VSIIX drawdown since its inception was -62.05%, which is greater than VIOV's maximum drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for VSIIX and VIOV. For additional features, visit the drawdowns tool.
Volatility
VSIIX vs. VIOV - Volatility Comparison
The current volatility for Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) is 5.75%, while Vanguard S&P Small-Cap 600 Value ETF (VIOV) has a volatility of 7.51%. This indicates that VSIIX 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.