VSMAX vs. IJR
Compare and contrast key facts about Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and iShares Core S&P Small-Cap ETF (IJR).
VSMAX is managed by Vanguard. It was launched on Nov 13, 2000. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSMAX or IJR.
Performance
VSMAX vs. IJR - Performance Comparison
Returns By Period
In the year-to-date period, VSMAX achieves a 20.15% return, which is significantly higher than IJR's 14.87% return. Both investments have delivered pretty close results over the past 10 years, with VSMAX having a 9.70% annualized return and IJR not far ahead at 9.72%.
VSMAX
20.15%
6.56%
15.93%
33.95%
11.31%
9.70%
IJR
14.87%
6.58%
14.99%
29.99%
10.65%
9.72%
Key characteristics
| VSMAX | IJR | |
|---|---|---|
| Sharpe Ratio | 2.03 | 1.54 |
| Sortino Ratio | 2.82 | 2.28 |
| Omega Ratio | 1.35 | 1.27 |
| Calmar Ratio | 2.04 | 1.71 |
| Martin Ratio | 11.17 | 8.58 |
| Ulcer Index | 3.11% | 3.58% |
| Daily Std Dev | 17.12% | 19.94% |
| Max Drawdown | -59.68% | -58.15% |
| Current Drawdown | -0.95% | -2.60% |
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VSMAX vs. IJR - Expense Ratio Comparison
VSMAX has a 0.05% expense ratio, which is lower than IJR's 0.07% 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 VSMAX and IJR is 0.97, 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
VSMAX vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) 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.
Dividends
VSMAX vs. IJR - Dividend Comparison
VSMAX's dividend yield for the trailing twelve months is around 1.30%, more than IJR's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IJR iShares Core S&P Small-Cap ETF | 1.23% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
VSMAX vs. IJR - Drawdown Comparison
The maximum VSMAX drawdown since its inception was -59.68%, roughly equal to the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for VSMAX and IJR. For additional features, visit the drawdowns tool.
Volatility
VSMAX vs. IJR - Volatility Comparison
The current volatility for Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) is 5.62%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 7.49%. This indicates that VSMAX 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.