VSMSX vs. IJR
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and iShares Core S&P Small-Cap ETF (IJR).
VSMSX is managed by Vanguard. It was launched on Apr 1, 2011. 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: VSMSX or IJR.
Performance
VSMSX vs. IJR - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VSMSX having a 12.99% return and IJR slightly higher at 13.04%. Both investments have delivered pretty close results over the past 10 years, with VSMSX having a 9.70% annualized return and IJR not far behind at 9.67%.
VSMSX
12.99%
4.21%
11.49%
28.62%
10.35%
9.70%
IJR
13.04%
4.26%
11.52%
28.60%
10.31%
9.67%
Key characteristics
| VSMSX | IJR | |
|---|---|---|
| Sharpe Ratio | 1.36 | 1.36 |
| Sortino Ratio | 2.05 | 2.05 |
| Omega Ratio | 1.24 | 1.24 |
| Calmar Ratio | 1.49 | 1.50 |
| Martin Ratio | 7.67 | 7.58 |
| Ulcer Index | 3.53% | 3.57% |
| Daily Std Dev | 19.93% | 19.93% |
| Max Drawdown | -44.42% | -58.15% |
| Current Drawdown | -4.09% | -4.15% |
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VSMSX vs. IJR - Expense Ratio Comparison
VSMSX has a 0.08% expense ratio, which is higher than IJR's 0.07% 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 VSMSX and IJR is 1.00, 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
VSMSX vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) 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
VSMSX vs. IJR - Dividend Comparison
VSMSX's dividend yield for the trailing twelve months is around 1.32%, more than IJR's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 1.32% | 1.49% | 1.52% | 1.17% | 1.10% | 1.38% | 1.39% | 1.11% | 1.00% | 1.33% | 1.11% | 0.89% |
IJR iShares Core S&P Small-Cap ETF | 1.25% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
VSMSX vs. IJR - Drawdown Comparison
The maximum VSMSX drawdown since its inception was -44.42%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for VSMSX and IJR. For additional features, visit the drawdowns tool.
Volatility
VSMSX vs. IJR - Volatility Comparison
Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 7.45% and 7.42%, 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.