VTWV vs. PSSMX

Last updated Jun 5, 2026

VTWV (Vanguard Russell 2000 Value ETF) and PSSMX (Principal SmallCap S&P 600 Index Fund) are both funds - VTWV is a Small Cap Value Equities fund tracking the Russell 2000 Value Index, while PSSMX is a Small Cap Blend Equities fund managed by Principal. Over the past 10 years, VTWV returned 10.34%/yr vs 10.73%/yr for PSSMX. Their correlation of 0.92 suggests significant overlap in exposure. VTWV charges 0.10%/yr vs 0.73%/yr for PSSMX.

Performance

VTWV vs. PSSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 2000 Value ETF (VTWV) and Principal SmallCap S&P 600 Index Fund (PSSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTWV achieves a 18.98% return, which is significantly higher than PSSMX's 14.99% return. Both investments have delivered pretty close results over the past 10 years, with VTWV having a 10.34% annualized return and PSSMX not far ahead at 10.73%.

VTWV

• 1D: 1.31%
• 1M: 2.63%
• YTD: 18.98%
• 6M: 18.10%
• 1Y: 43.90%
• 3Y*: 19.06%
• 5Y*: 6.94%
• 10Y*: 10.34%

PSSMX

• 1D: -0.85%
• 1M: 0.17%
• YTD: 14.99%
• 6M: 13.97%
• 1Y: 31.04%
• 3Y*: 16.63%
• 5Y*: 6.58%
• 10Y*: 10.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VTWV vs. PSSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTWV Vanguard Russell 2000 Value ETF	18.98%	12.72%	7.83%	14.67%	-14.46%	27.90%	4.88%	22.44%	-13.34%	8.06%
PSSMX Principal SmallCap S&P 600 Index Fund	14.99%	5.34%	16.60%	15.18%	-16.69%	25.39%	10.65%	21.99%	-9.42%	12.46%

Correlation

The correlation between VTWV and PSSMX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010	0.92

The correlation between VTWV and PSSMX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

VTWV vs. PSSMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTWV

VTWV Risk / Return Rank: 79
VTWV Sharpe Ratio Rank: 76
VTWV Sortino Ratio Rank: 77
VTWV Omega Ratio Rank: 69
VTWV Calmar Ratio Rank: 88
VTWV Martin Ratio Rank: 85

PSSMX

PSSMX Risk / Return Rank: 50
PSSMX Sharpe Ratio Rank: 38
PSSMX Sortino Ratio Rank: 39
PSSMX Omega Ratio Rank: 35
PSSMX Calmar Ratio Rank: 79
PSSMX Martin Ratio Rank: 60

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.

VTWV vs. PSSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Value ETF (VTWV) and Principal SmallCap S&P 600 Index Fund (PSSMX). 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.

	VTWV	PSSMX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	1.77	+0.66
Sortino ratio: Return per unit of downside risk	3.39	2.60	+0.79
Omega ratio: Gain probability vs. loss probability	1.41	1.31	+0.10
Calmar ratio: Return relative to maximum drawdown	5.11	3.52	+1.58
Martin ratio: Return relative to average drawdown	17.42	11.76	+5.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTWV vs. PSSMX - Sharpe Ratio Comparison

The current VTWV Sharpe Ratio is 2.43, which is higher than the PSSMX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of VTWV and PSSMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VTWV	PSSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	1.77	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.30	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.47	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.41	+0.08

Drawdowns

VTWV vs. PSSMX - Drawdown Comparison

The maximum VTWV drawdown since its inception was -45.73%, smaller than the maximum PSSMX drawdown of -58.43%. Use the drawdown chart below to compare losses from any high point for VTWV and PSSMX.

Drawdown Indicators

	VTWV	PSSMX	Difference
Max Drawdown Largest peak-to-trough decline	-45.73%	-58.43%	+12.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-8.76%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-26.72%	-24.30%	-2.42%
Max Drawdown (5Y) Largest decline over 5 years	-26.72%	-27.01%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	-45.73%	-44.85%	-0.88%
Current Drawdown Current decline from peak	-0.14%	-0.91%	+0.77%
Average Drawdown Average peak-to-trough decline	-7.81%	-9.52%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.62%	-0.09%

Volatility

VTWV vs. PSSMX - Volatility Comparison

Vanguard Russell 2000 Value ETF (VTWV) has a higher volatility of 5.00% compared to Principal SmallCap S&P 600 Index Fund (PSSMX) at 4.43%. This indicates that VTWV's price experiences larger fluctuations and is considered to be riskier than PSSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTWV	PSSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	4.43%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	11.71%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	18.16%	17.48%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.73%	21.76%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.54%	22.91%	+0.63%

VTWV vs. PSSMX - Expense Ratio Comparison

VTWV has a 0.10% expense ratio, which is lower than PSSMX's 0.73% expense ratio.

Dividends

VTWV vs. PSSMX - Dividend Comparison

VTWV's dividend yield for the trailing twelve months is around 1.56%, less than PSSMX's 8.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSSMX Principal SmallCap S&P 600 Index Fund	8.68%	9.98%	15.91%	3.75%	10.45%	8.23%	1.67%	6.56%	13.08%	6.03%	6.15%	8.07%
VTWV Vanguard Russell 2000 Value ETF	1.56%	1.79%	1.78%	2.02%	2.07%	1.60%	1.49%	1.82%	2.04%	1.63%	1.57%	2.03%

Frequently Asked Questions

Can I hold both VTWV and PSSMX in my portfolio?

With a correlation of 0.95, VTWV and PSSMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VTWV or PSSMX?

VTWV has higher volatility (5.00%) compared to PSSMX (4.43%). In terms of maximum drawdown, VTWV dropped -45.73% vs PSSMX's -58.43%.

Which has better risk-adjusted returns?

VTWV currently has the higher Sharpe Ratio (2.43 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.