VSMAX vs. VOO
Compare and contrast key facts about Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and Vanguard S&P 500 ETF (VOO).
VSMAX is managed by Vanguard. It was launched on Nov 13, 2000. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 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: VSMAX or VOO.
Key characteristics
| VSMAX | VOO | |
|---|---|---|
| YTD Return | 5.99% | 11.78% |
| 1Y Return | 21.74% | 28.27% |
| 3Y Return (Ann) | 2.67% | 10.42% |
| 5Y Return (Ann) | 9.66% | 15.03% |
| 10Y Return (Ann) | 9.23% | 13.05% |
| Sharpe Ratio | 1.34 | 2.56 |
| Daily Std Dev | 17.00% | 11.55% |
| Max Drawdown | -59.68% | -33.99% |
| Current Drawdown | -2.00% | -0.04% |
Correlation
The correlation between VSMAX and VOO is 0.88, 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.
Performance
VSMAX vs. VOO - Performance Comparison
In the year-to-date period, VSMAX achieves a 5.99% return, which is significantly lower than VOO's 11.78% return. Over the past 10 years, VSMAX has underperformed VOO with an annualized return of 9.23%, while VOO has yielded a comparatively higher 13.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VSMAX vs. VOO - Expense Ratio Comparison
VSMAX has a 0.05% expense ratio, which is higher than VOO's 0.03% 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%.
Risk-Adjusted Performance
VSMAX vs. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VSMAX's dividend yield for the trailing twelve months is around 1.44%, more than VOO's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.44% | 1.56% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% | 1.43% | 1.31% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VSMAX vs. VOO - Drawdown Comparison
The maximum VSMAX drawdown since its inception was -59.68%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VSMAX and VOO. For additional features, visit the drawdowns tool.
Volatility
VSMAX vs. VOO - Volatility Comparison
Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) has a higher volatility of 3.83% compared to Vanguard S&P 500 ETF (VOO) at 3.37%. This indicates that VSMAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.