VSPMX vs. VSMSX
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX).
VSPMX is managed by Vanguard. It was launched on Mar 28, 2011. VSMSX is managed by Vanguard. It was launched on Apr 1, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSPMX or VSMSX.
Performance
VSPMX vs. VSMSX - Performance Comparison
Returns By Period
In the year-to-date period, VSPMX achieves a 19.66% return, which is significantly higher than VSMSX's 14.87% return. Both investments have delivered pretty close results over the past 10 years, with VSPMX having a 10.18% annualized return and VSMSX not far behind at 9.75%.
VSPMX
19.66%
4.82%
12.14%
30.90%
12.29%
10.18%
VSMSX
14.87%
6.56%
14.94%
30.03%
10.71%
9.75%
Key characteristics
| VSPMX | VSMSX | |
|---|---|---|
| Sharpe Ratio | 1.99 | 1.54 |
| Sortino Ratio | 2.79 | 2.28 |
| Omega Ratio | 1.34 | 1.27 |
| Calmar Ratio | 3.19 | 1.71 |
| Martin Ratio | 11.38 | 8.72 |
| Ulcer Index | 2.78% | 3.53% |
| Daily Std Dev | 15.95% | 19.95% |
| Max Drawdown | -42.04% | -44.42% |
| Current Drawdown | -1.10% | -2.49% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VSPMX vs. VSMSX - Expense Ratio Comparison
Both VSPMX and VSMSX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between VSPMX and VSMSX is 0.96, 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
VSPMX vs. VSMSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX). 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
VSPMX vs. VSMSX - Dividend Comparison
VSPMX's dividend yield for the trailing twelve months is around 1.28%, less than VSMSX's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPMX Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares | 1.28% | 1.27% | 1.60% | 1.15% | 1.24% | 1.49% | 1.64% | 1.27% | 1.54% | 1.52% | 1.32% | 0.97% |
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 1.30% | 1.49% | 1.52% | 1.17% | 1.10% | 1.38% | 1.39% | 1.11% | 1.00% | 1.33% | 1.11% | 0.89% |
Drawdowns
VSPMX vs. VSMSX - Drawdown Comparison
The maximum VSPMX drawdown since its inception was -42.04%, smaller than the maximum VSMSX drawdown of -44.42%. Use the drawdown chart below to compare losses from any high point for VSPMX and VSMSX. For additional features, visit the drawdowns tool.
Volatility
VSPMX vs. VSMSX - Volatility Comparison
The current volatility for Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) is 5.41%, while Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) has a volatility of 7.52%. This indicates that VSPMX experiences smaller price fluctuations and is considered to be less risky than VSMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.