VSIIX vs. VSMAX
Compare and contrast key facts about Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX).
VSIIX is managed by Vanguard. It was launched on Dec 7, 1999. VSMAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSIIX or VSMAX.
Performance
VSIIX vs. VSMAX - Performance Comparison
Returns By Period
In the year-to-date period, VSIIX achieves a 19.06% return, which is significantly lower than VSMAX's 20.15% return. Both investments have delivered pretty close results over the past 10 years, with VSIIX having a 9.42% annualized return and VSMAX not far ahead at 9.70%.
VSIIX
19.06%
5.14%
14.98%
32.15%
12.11%
9.42%
VSMAX
20.15%
6.56%
15.93%
33.95%
11.31%
9.70%
Key characteristics
| VSIIX | VSMAX | |
|---|---|---|
| Sharpe Ratio | 1.98 | 2.03 |
| Sortino Ratio | 2.80 | 2.82 |
| Omega Ratio | 1.35 | 1.35 |
| Calmar Ratio | 4.01 | 2.04 |
| Martin Ratio | 11.14 | 11.17 |
| Ulcer Index | 2.95% | 3.11% |
| Daily Std Dev | 16.66% | 17.12% |
| Max Drawdown | -62.05% | -59.68% |
| Current Drawdown | -1.27% | -0.95% |
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VSIIX vs. VSMAX - Expense Ratio Comparison
VSIIX has a 0.06% expense ratio, which is higher than VSMAX's 0.05% expense ratio. However, 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 VSMAX is 0.98, 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. VSMAX - 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 Small-Cap Index Fund Admiral Shares (VSMAX). 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. VSMAX - Dividend Comparison
VSIIX's dividend yield for the trailing twelve months is around 1.89%, more than VSMAX's 1.30% 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% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.30% | 1.55% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% | 1.43% | 1.31% |
Drawdowns
VSIIX vs. VSMAX - Drawdown Comparison
The maximum VSIIX drawdown since its inception was -62.05%, roughly equal to the maximum VSMAX drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for VSIIX and VSMAX. For additional features, visit the drawdowns tool.
Volatility
VSIIX vs. VSMAX - Volatility Comparison
Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) have volatilities of 5.75% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.