VSMVX vs. ARSMX
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) and AMG River Road Small-Mid Cap Value Fund (ARSMX).
VSMVX is managed by Vanguard. It was launched on Nov 19, 2014. ARSMX is managed by AMG. It was launched on Mar 29, 2007.
Performance
VSMVX vs. ARSMX - Performance Comparison
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VSMVX vs. ARSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 4.35% | 6.38% | 7.53% | 14.85% | -11.12% | 30.85% | 2.79% | 24.47% | -12.67% | 11.64% |
ARSMX AMG River Road Small-Mid Cap Value Fund | -1.68% | -0.83% | 12.42% | 14.48% | -8.62% | 23.41% | 1.71% | 34.82% | -6.44% | 15.26% |
Returns By Period
In the year-to-date period, VSMVX achieves a 4.35% return, which is significantly higher than ARSMX's -1.68% return. Both investments have delivered pretty close results over the past 10 years, with VSMVX having a 9.53% annualized return and ARSMX not far behind at 9.48%.
VSMVX
- 1D
- 2.16%
- 1M
- -3.89%
- YTD
- 4.35%
- 6M
- 7.26%
- 1Y
- 23.43%
- 3Y*
- 9.99%
- 5Y*
- 4.86%
- 10Y*
- 9.53%
ARSMX
- 1D
- 1.41%
- 1M
- -4.29%
- YTD
- -1.68%
- 6M
- -4.87%
- 1Y
- 0.11%
- 3Y*
- 7.27%
- 5Y*
- 4.09%
- 10Y*
- 9.48%
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VSMVX vs. ARSMX - Expense Ratio Comparison
VSMVX has a 0.08% expense ratio, which is lower than ARSMX's 1.27% expense ratio.
Return for Risk
VSMVX vs. ARSMX — Risk / Return Rank
VSMVX
ARSMX
VSMVX vs. ARSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) and AMG River Road Small-Mid Cap Value Fund (ARSMX). 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.
| VSMVX | ARSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.04 | +0.96 |
Sortino ratioReturn per unit of downside risk | 1.52 | 0.18 | +1.33 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.02 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.07 | +1.59 |
Martin ratioReturn relative to average drawdown | 5.76 | -0.21 | +5.96 |
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
| VSMVX | ARSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.04 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.23 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.49 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.35 | +0.12 |
Correlation
The correlation between VSMVX and ARSMX is 0.92, 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
VSMVX vs. ARSMX - Dividend Comparison
VSMVX's dividend yield for the trailing twelve months is around 1.82%, while ARSMX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 1.82% | 1.45% | 1.85% | 1.92% | 1.88% | 1.66% | 1.46% | 1.65% | 1.89% | 1.55% | 1.26% | 1.42% |
ARSMX AMG River Road Small-Mid Cap Value Fund | 0.00% | 0.00% | 9.27% | 3.89% | 4.85% | 5.86% | 0.00% | 3.60% | 8.60% | 15.66% | 8.03% | 17.82% |
Drawdowns
VSMVX vs. ARSMX - Drawdown Comparison
The maximum VSMVX drawdown since its inception was -47.61%, smaller than the maximum ARSMX drawdown of -51.75%. Use the drawdown chart below to compare losses from any high point for VSMVX and ARSMX.
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Drawdown Indicators
| VSMVX | ARSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.61% | -51.75% | +4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -15.74% | -12.25% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -28.81% | -19.34% | -9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -47.61% | -42.96% | -4.65% |
Current DrawdownCurrent decline from peak | -6.15% | -9.05% | +2.90% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -8.12% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 4.07% | +0.08% |
Volatility
VSMVX vs. ARSMX - Volatility Comparison
Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) has a higher volatility of 5.50% compared to AMG River Road Small-Mid Cap Value Fund (ARSMX) at 4.00%. This indicates that VSMVX's price experiences larger fluctuations and is considered to be riskier than ARSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSMVX | ARSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 4.00% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.57% | 11.20% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.83% | 18.48% | +5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.18% | 17.88% | +4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.15% | 19.60% | +4.55% |