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VSO.AX vs. VVLU.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VSO.AX vs. VVLU.AX

Last updated Jul 16, 2026
Documentation

VSO.AX (Vanguard MSCI Australian Small Companies INDEX ETF) and VVLU.AX (Vanguard Global Value Equity Active ETF) are both exchange-traded funds - VSO.AX is a Australia Equities fund tracking the MSCI Australian Shares Small Cap Index, while VVLU.AX is a Global Equities fund actively managed by Vanguard. VSO.AX is passively managed, while VVLU.AX is actively managed. Over the past 5 years, VSO.AX returned 4.24%/yr vs 13.88%/yr for VVLU.AX. At a 0.42 correlation, their price movements are largely independent.

Performance

VSO.AX vs. VVLU.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard MSCI Australian Small Companies INDEX ETF (VSO.AX) and Vanguard Global Value Equity Active ETF (VVLU.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VSO.AX achieves a -6.04% return, which is significantly lower than VVLU.AX's 8.83% return.

VSO.AX

1D
0.43%
1M
-4.53%
6M
-7.75%
YTD
-6.04%
1Y
6.63%
3Y*
8.30%
5Y*
4.24%
10Y*
7.48%

VVLU.AX

1D
1.02%
1M
2.82%
6M
7.37%
YTD
8.83%
1Y
20.98%
3Y*
17.99%
5Y*
13.88%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VSO.AX vs. VVLU.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VSO.AX
Vanguard MSCI Australian Small Companies INDEX ETF		-6.04%24.14%7.38%3.70%-13.32%21.77%14.75%21.67%-5.57%
VVLU.AX
Vanguard Global Value Equity Active ETF		8.83%18.04%15.87%18.15%0.35%37.99%-11.29%22.31%-14.12%

Correlation

The correlation between VSO.AX and VVLU.AX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Apr 17, 2018

0.43

The correlation between VSO.AX and VVLU.AX shifts across timeframes, from 0.33 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard MSCI Australian Small Companies INDEX ETF

Vanguard Global Value Equity Active ETF

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Return for Risk

VSO.AX vs. VVLU.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VSO.AX
VSO.AX Risk / Return Rank: 1515
Overall Rank
VSO.AX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
VSO.AX Sortino Ratio Rank: 1515
Sortino Ratio Rank
VSO.AX Omega Ratio Rank: 1515
Omega Ratio Rank
VSO.AX Calmar Ratio Rank: 1414
Calmar Ratio Rank
VSO.AX Martin Ratio Rank: 1515
Martin Ratio Rank
VVLU.AX
VVLU.AX Risk / Return Rank: 6060
Overall Rank
VVLU.AX Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
VVLU.AX Sortino Ratio Rank: 6363
Sortino Ratio Rank
VVLU.AX Omega Ratio Rank: 5959
Omega Ratio Rank
VVLU.AX Calmar Ratio Rank: 5959
Calmar Ratio Rank
VVLU.AX Martin Ratio Rank: 5757
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VSO.AX vs. VVLU.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard MSCI Australian Small Companies INDEX ETF (VSO.AX) and Vanguard Global Value Equity Active ETF (VVLU.AX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

VSO.AXVVLU.AXDifference
Sharpe ratioReturn per unit of total volatility
0.39
1.63

-1.24

Sortino ratioReturn per unit of downside risk
0.66
2.37

-1.71

Omega ratioGain probability vs. loss probability

1.08

1.29

-0.21

Calmar ratioReturn relative to maximum drawdown

0.39

2.38

-1.99

Martin ratioReturn relative to average drawdown

1.00

8.04

-7.04

VSO.AX vs. VVLU.AX - Sharpe Ratio Comparison

The current VSO.AX Sharpe Ratio is 0.39, which is lower than the VVLU.AX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of VSO.AX and VVLU.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VSO.AX vs. VVLU.AX - Drawdown Comparison

The maximum VSO.AX drawdown since its inception was -40.60%, which is greater than VVLU.AX's maximum drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for VSO.AX and VVLU.AX.

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Drawdown Indicators

VSO.AXVVLU.AXDifference

Max Drawdown

Largest peak-to-trough decline

-40.60%

-36.95%

-3.65%

Max Drawdown (1Y)

Largest decline over 1 year

-16.81%

-9.30%

-7.51%

Max Drawdown (3Y)

Largest decline over 3 years

-16.81%

-14.80%

-2.01%

Max Drawdown (5Y)

Largest decline over 5 years

-23.62%

-14.80%

-8.82%

Max Drawdown (10Y)

Largest decline over 10 years

-40.60%

—

—

Current Drawdown

Current decline from peak

-9.45%

-0.24%

-9.21%

Average Drawdown

Average peak-to-trough decline

-6.78%

-6.22%

-0.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.73%

2.79%

+3.94%

Volatility

VSO.AX vs. VVLU.AX - Volatility Comparison

Vanguard MSCI Australian Small Companies INDEX ETF (VSO.AX) has a higher volatility of 3.79% compared to Vanguard Global Value Equity Active ETF (VVLU.AX) at 3.57%. This indicates that VSO.AX's price experiences larger fluctuations and is considered to be riskier than VVLU.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VSO.AXVVLU.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

3.57%

+0.22%

Volatility (6M)

Calculated over the trailing 6-month period

14.29%

11.00%

+3.29%

Volatility (1Y)

Calculated over the trailing 1-year period

16.97%

13.69%

+3.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.31%

14.95%

+1.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.89%

17.96%

-1.07%

Dividends

VSO.AX vs. VVLU.AX - Dividend Comparison

VSO.AX's dividend yield for the trailing twelve months is around 3.08%, less than VVLU.AX's 10.99% yield.

PositionTTM20252024202320222021202020192018201720162015
VSO.AX
Vanguard MSCI Australian Small Companies INDEX ETF		3.08%6.86%1.12%1.48%3.25%3.55%6.24%2.96%1.09%2.57%1.50%1.08%
VVLU.AX
Vanguard Global Value Equity Active ETF		10.99%7.07%3.21%5.22%2.63%1.36%2.21%2.31%0.46%0.00%0.00%0.00%

Frequently Asked Questions

VSO.AX and VVLU.AX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VSO.AX is categorized as Australia Equities, while VVLU.AX is Global Equities.

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