VSMSX vs. VIOO
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and Vanguard S&P Small-Cap 600 ETF (VIOO).
VSMSX is managed by Vanguard. It was launched on Apr 1, 2011. VIOO is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 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: VSMSX or VIOO.
Performance
VSMSX vs. VIOO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VSMSX having a 12.99% return and VIOO slightly lower at 12.98%. Both investments have delivered pretty close results over the past 10 years, with VSMSX having a 9.70% annualized return and VIOO not far behind at 9.67%.
VSMSX
12.99%
4.21%
11.49%
28.62%
10.35%
9.70%
VIOO
12.98%
4.22%
11.49%
28.61%
10.35%
9.67%
Key characteristics
| VSMSX | VIOO | |
|---|---|---|
| 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 | 7.60 |
| Ulcer Index | 3.53% | 3.58% |
| Daily Std Dev | 19.93% | 19.95% |
| Max Drawdown | -44.42% | -44.15% |
| Current Drawdown | -4.09% | -4.12% |
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VSMSX vs. VIOO - Expense Ratio Comparison
VSMSX has a 0.08% expense ratio, which is lower than VIOO's 0.10% 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 VSMSX and VIOO 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
VSMSX vs. VIOO - 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 Vanguard S&P Small-Cap 600 ETF (VIOO). 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. VIOO - Dividend Comparison
VSMSX's dividend yield for the trailing twelve months is around 1.32%, more than VIOO's 1.30% 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% |
VIOO Vanguard S&P Small-Cap 600 ETF | 1.30% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 0.95% | 1.26% | 1.06% | 0.86% |
Drawdowns
VSMSX vs. VIOO - Drawdown Comparison
The maximum VSMSX drawdown since its inception was -44.42%, roughly equal to the maximum VIOO drawdown of -44.15%. Use the drawdown chart below to compare losses from any high point for VSMSX and VIOO. For additional features, visit the drawdowns tool.
Volatility
VSMSX vs. VIOO - Volatility Comparison
Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and Vanguard S&P Small-Cap 600 ETF (VIOO) have volatilities of 7.45% and 7.50%, 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.