VSMSX vs. VSCIX
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and Vanguard Small-Cap Index Fund Institutional Shares (VSCIX).
VSMSX is managed by Vanguard. It was launched on Apr 1, 2011. VSCIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSMSX or VSCIX.
Performance
VSMSX vs. VSCIX - Performance Comparison
Returns By Period
In the year-to-date period, VSMSX achieves a 12.99% return, which is significantly lower than VSCIX's 18.26% return. Both investments have delivered pretty close results over the past 10 years, with VSMSX having a 9.70% annualized return and VSCIX not far behind at 9.62%.
VSMSX
12.99%
4.21%
11.49%
28.62%
10.35%
9.70%
VSCIX
18.26%
4.31%
12.45%
32.68%
10.96%
9.62%
Key characteristics
| VSMSX | VSCIX | |
|---|---|---|
| Sharpe Ratio | 1.36 | 1.85 |
| Sortino Ratio | 2.05 | 2.59 |
| Omega Ratio | 1.24 | 1.32 |
| Calmar Ratio | 1.49 | 1.80 |
| Martin Ratio | 7.67 | 10.13 |
| Ulcer Index | 3.53% | 3.11% |
| Daily Std Dev | 19.93% | 17.09% |
| Max Drawdown | -44.42% | -59.66% |
| Current Drawdown | -4.09% | -2.51% |
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VSMSX vs. VSCIX - Expense Ratio Comparison
VSMSX has a 0.08% expense ratio, which is higher than VSCIX's 0.04% 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 VSCIX 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. VSCIX - 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 Small-Cap Index Fund Institutional Shares (VSCIX). 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. VSCIX - Dividend Comparison
VSMSX's dividend yield for the trailing twelve months is around 1.32%, which matches VSCIX's 1.33% 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% |
VSCIX Vanguard Small-Cap Index Fund Institutional Shares | 1.33% | 1.56% | 1.55% | 1.25% | 1.15% | 1.40% | 1.68% | 1.36% | 1.50% | 1.49% | 1.44% | 1.31% |
Drawdowns
VSMSX vs. VSCIX - Drawdown Comparison
The maximum VSMSX drawdown since its inception was -44.42%, smaller than the maximum VSCIX drawdown of -59.66%. Use the drawdown chart below to compare losses from any high point for VSMSX and VSCIX. For additional features, visit the drawdowns tool.
Volatility
VSMSX vs. VSCIX - Volatility Comparison
Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) has a higher volatility of 7.45% compared to Vanguard Small-Cap Index Fund Institutional Shares (VSCIX) at 5.53%. This indicates that VSMSX's price experiences larger fluctuations and is considered to be riskier than VSCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.