PortfoliosLab logo
VSMAX vs. VBR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VSMAX and VBR is 0.86, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

VSMAX vs. VBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and Vanguard Small-Cap Value ETF (VBR). The values are adjusted to include any dividend payments, if applicable.

400.00%450.00%500.00%550.00%600.00%NovemberDecember2025FebruaryMarchApril
493.65%
470.02%
VSMAX
VBR

Key characteristics

Sharpe Ratio

VSMAX:

0.11

VBR:

0.07

Sortino Ratio

VSMAX:

0.31

VBR:

0.26

Omega Ratio

VSMAX:

1.04

VBR:

1.03

Calmar Ratio

VSMAX:

0.09

VBR:

0.06

Martin Ratio

VSMAX:

0.32

VBR:

0.22

Ulcer Index

VSMAX:

7.32%

VBR:

7.22%

Daily Std Dev

VSMAX:

22.43%

VBR:

21.23%

Max Drawdown

VSMAX:

-59.68%

VBR:

-62.01%

Current Drawdown

VSMAX:

-16.96%

VBR:

-16.29%

Returns By Period

In the year-to-date period, VSMAX achieves a -10.07% return, which is significantly lower than VBR's -8.72% return. Both investments have delivered pretty close results over the past 10 years, with VSMAX having a 7.42% annualized return and VBR not far behind at 7.32%.


VSMAX

YTD

-10.07%

1M

-6.10%

6M

-8.63%

1Y

0.90%

5Y*

13.22%

10Y*

7.42%

VBR

YTD

-8.72%

1M

-5.57%

6M

-9.20%

1Y

0.40%

5Y*

16.48%

10Y*

7.32%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VSMAX vs. VBR - Expense Ratio Comparison

VSMAX has a 0.05% expense ratio, which is lower than VBR'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%.


Expense ratio chart for VBR: current value is 0.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VBR: 0.07%
Expense ratio chart for VSMAX: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VSMAX: 0.05%

Risk-Adjusted Performance

VSMAX vs. VBR — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VSMAX
The Risk-Adjusted Performance Rank of VSMAX is 3333
Overall Rank
The Sharpe Ratio Rank of VSMAX is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of VSMAX is 3434
Sortino Ratio Rank
The Omega Ratio Rank of VSMAX is 3333
Omega Ratio Rank
The Calmar Ratio Rank of VSMAX is 3434
Calmar Ratio Rank
The Martin Ratio Rank of VSMAX is 3131
Martin Ratio Rank

VBR
The Risk-Adjusted Performance Rank of VBR is 2929
Overall Rank
The Sharpe Ratio Rank of VBR is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of VBR is 3030
Sortino Ratio Rank
The Omega Ratio Rank of VBR is 2929
Omega Ratio Rank
The Calmar Ratio Rank of VBR is 2929
Calmar Ratio Rank
The Martin Ratio Rank of VBR is 2828
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VSMAX vs. VBR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and Vanguard Small-Cap Value ETF (VBR). 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.


The chart of Sharpe ratio for VSMAX, currently valued at 0.11, compared to the broader market-1.000.001.002.003.00
VSMAX: 0.11
VBR: 0.07
The chart of Sortino ratio for VSMAX, currently valued at 0.31, compared to the broader market-2.000.002.004.006.008.00
VSMAX: 0.31
VBR: 0.26
The chart of Omega ratio for VSMAX, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.00
VSMAX: 1.04
VBR: 1.03
The chart of Calmar ratio for VSMAX, currently valued at 0.09, compared to the broader market0.002.004.006.008.0010.00
VSMAX: 0.09
VBR: 0.06
The chart of Martin ratio for VSMAX, currently valued at 0.32, compared to the broader market0.0010.0020.0030.0040.0050.00
VSMAX: 0.32
VBR: 0.22

The current VSMAX Sharpe Ratio is 0.11, which is higher than the VBR Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of VSMAX and VBR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.11
0.07
VSMAX
VBR

Dividends

VSMAX vs. VBR - Dividend Comparison

VSMAX's dividend yield for the trailing twelve months is around 1.57%, less than VBR's 2.35% yield.


TTM20242023202220212020201920182017201620152014
VSMAX
Vanguard Small-Cap Index Fund Admiral Shares
1.57%1.30%1.56%1.54%1.24%1.14%1.39%1.67%1.35%1.49%1.48%1.43%
VBR
Vanguard Small-Cap Value ETF
2.35%1.98%2.12%2.03%1.75%1.68%2.06%2.35%1.79%1.77%1.99%1.77%

Drawdowns

VSMAX vs. VBR - Drawdown Comparison

The maximum VSMAX drawdown since its inception was -59.68%, roughly equal to the maximum VBR drawdown of -62.01%. Use the drawdown chart below to compare losses from any high point for VSMAX and VBR. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-16.96%
-16.29%
VSMAX
VBR

Volatility

VSMAX vs. VBR - Volatility Comparison

Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) has a higher volatility of 14.82% compared to Vanguard Small-Cap Value ETF (VBR) at 14.03%. This indicates that VSMAX's price experiences larger fluctuations and is considered to be riskier than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
14.82%
14.03%
VSMAX
VBR