VSMAX vs. IWM
Compare and contrast key facts about Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and iShares Russell 2000 ETF (IWM).
VSMAX is managed by Vanguard. It was launched on Nov 13, 2000. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 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 IWM.
Performance
VSMAX vs. IWM - Performance Comparison
Returns By Period
In the year-to-date period, VSMAX achieves a 20.15% return, which is significantly higher than IWM's 17.83% return. Over the past 10 years, VSMAX has outperformed IWM with an annualized return of 9.70%, while IWM has yielded a comparatively lower 8.57% annualized return.
VSMAX
20.15%
6.56%
15.93%
33.95%
11.31%
9.70%
IWM
17.83%
5.96%
16.10%
33.25%
9.62%
8.57%
Key characteristics
| VSMAX | IWM | |
|---|---|---|
| Sharpe Ratio | 2.03 | 1.63 |
| Sortino Ratio | 2.82 | 2.34 |
| Omega Ratio | 1.35 | 1.28 |
| Calmar Ratio | 2.04 | 1.39 |
| Martin Ratio | 11.17 | 8.92 |
| Ulcer Index | 3.11% | 3.82% |
| Daily Std Dev | 17.12% | 20.97% |
| Max Drawdown | -59.68% | -59.05% |
| Current Drawdown | -0.95% | -3.00% |
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VSMAX vs. IWM - Expense Ratio Comparison
VSMAX has a 0.05% 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%.
Correlation
The correlation between VSMAX and IWM 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
VSMAX vs. IWM - 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 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.
Dividends
VSMAX vs. IWM - Dividend Comparison
VSMAX's dividend yield for the trailing twelve months is around 1.30%, more than IWM's 1.10% 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% |
IWM iShares Russell 2000 ETF | 1.10% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
VSMAX vs. IWM - Drawdown Comparison
The maximum VSMAX drawdown since its inception was -59.68%, roughly equal to the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for VSMAX and IWM. For additional features, visit the drawdowns tool.
Volatility
VSMAX vs. IWM - Volatility Comparison
The current volatility for Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) is 5.62%, while iShares Russell 2000 ETF (IWM) has a volatility of 7.48%. This indicates that VSMAX 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.