VSMSX vs. XSMO
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and Invesco S&P SmallCap Momentum ETF (XSMO).
VSMSX is managed by Vanguard. It was launched on Apr 1, 2011. XSMO is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Index. It was launched on Mar 3, 2005.
Performance
VSMSX vs. XSMO - Performance Comparison
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VSMSX vs. XSMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 3.53% | 6.04% | 7.20% | 17.57% | -16.19% | 26.72% | 11.46% | 22.73% | -8.51% | 13.39% |
XSMO Invesco S&P SmallCap Momentum ETF | 7.05% | 9.80% | 17.45% | 21.55% | -15.44% | 19.24% | 21.96% | 28.65% | -3.44% | 23.95% |
Returns By Period
In the year-to-date period, VSMSX achieves a 3.53% return, which is significantly lower than XSMO's 7.05% return. Over the past 10 years, VSMSX has underperformed XSMO with an annualized return of 9.88%, while XSMO has yielded a comparatively higher 13.73% annualized return.
VSMSX
- 1D
- 2.80%
- 1M
- -4.68%
- YTD
- 3.53%
- 6M
- 5.03%
- 1Y
- 20.27%
- 3Y*
- 10.50%
- 5Y*
- 4.11%
- 10Y*
- 9.88%
XSMO
- 1D
- 1.24%
- 1M
- -4.33%
- YTD
- 7.05%
- 6M
- 4.97%
- 1Y
- 23.58%
- 3Y*
- 19.37%
- 5Y*
- 8.69%
- 10Y*
- 13.73%
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VSMSX vs. XSMO - Expense Ratio Comparison
VSMSX has a 0.08% expense ratio, which is lower than XSMO's 0.39% expense ratio.
Return for Risk
VSMSX vs. XSMO — Risk / Return Rank
VSMSX
XSMO
VSMSX vs. XSMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and Invesco S&P SmallCap Momentum ETF (XSMO). 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.
| VSMSX | XSMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.07 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.59 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.75 | -0.32 |
Martin ratioReturn relative to average drawdown | 5.76 | 7.23 | -1.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VSMSX | XSMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.07 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.38 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.57 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.36 | +0.15 |
Correlation
The correlation between VSMSX and XSMO 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.
Dividends
VSMSX vs. XSMO - Dividend Comparison
VSMSX's dividend yield for the trailing twelve months is around 1.35%, more than XSMO's 0.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 1.35% | 1.39% | 1.49% | 1.47% | 1.52% | 1.17% | 1.10% | 1.38% | 1.39% | 1.11% | 1.00% | 1.33% |
XSMO Invesco S&P SmallCap Momentum ETF | 0.60% | 0.75% | 0.63% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.66% | 0.27% | 0.30% | 0.35% |
Drawdowns
VSMSX vs. XSMO - Drawdown Comparison
The maximum VSMSX drawdown since its inception was -44.42%, smaller than the maximum XSMO drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for VSMSX and XSMO.
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Drawdown Indicators
| VSMSX | XSMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.42% | -58.06% | +13.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.87% | -13.42% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -29.62% | +1.69% |
Max Drawdown (10Y)Largest decline over 10 years | -44.42% | -39.39% | -5.03% |
Current DrawdownCurrent decline from peak | -5.73% | -4.59% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -11.21% | +3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.24% | +0.43% |
Volatility
VSMSX vs. XSMO - Volatility Comparison
The current volatility for Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) is 6.29%, while Invesco S&P SmallCap Momentum ETF (XSMO) has a volatility of 7.71%. This indicates that VSMSX experiences smaller price fluctuations and is considered to be less risky than XSMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSMSX | XSMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 7.71% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 13.63% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.73% | 22.11% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 22.87% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 24.05% | -0.85% |