VV vs. IJR
VV (Vanguard Large-Cap ETF) and IJR (iShares Core S&P Small-Cap ETF) are both exchange-traded funds - VV is a Large Cap Blend Equities fund tracking the CRSP US Large Cap Index, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, VV returned 15.17%/yr vs 10.83%/yr for IJR. Their correlation of 0.84 means they have usually moved in the same direction. VV charges 0.04%/yr vs 0.06%/yr for IJR.
Performance
VV vs. IJR - Performance Comparison
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Returns By Period
In the year-to-date period, VV achieves a 11.47% return, which is significantly lower than IJR's 23.60% return. Over the past 10 years, VV has outperformed IJR with an annualized return of 15.17%, while IJR has yielded a comparatively lower 10.83% annualized return.
VV
- 1D
- 1.54%
- 1M
- 1.73%
- 6M
- 9.64%
- YTD
- 11.47%
- 1Y
- 22.84%
- 3Y*
- 21.03%
- 5Y*
- 12.67%
- 10Y*
- 15.17%
- ALL TIME*
- 11.04%
IJR
- 1D
- 1.65%
- 1M
- 0.94%
- 6M
- 15.73%
- YTD
- 23.60%
- 1Y
- 38.11%
- 3Y*
- 14.47%
- 5Y*
- 8.07%
- 10Y*
- 10.83%
- ALL TIME*
- 10.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $497.97M | $462.30M | $544.01M | |
| $82.71M | $75.65M | $91.95M |
VV vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VV Vanguard Large-Cap ETF | 11.47% | 18.11% | 25.25% | 27.18% | -19.91% | 27.41% | 21.04% | 31.25% | -4.46% | 22.00% |
IJR iShares Core S&P Small-Cap ETF | 23.60% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Correlation
The correlation between VV and IJR is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.84 |
The correlation between VV and IJR shifts across timeframes, from 0.71 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
VV vs. IJR - Sectors Allocation Comparison
Sectors
VV
IJR
Technology
Financial Services
Communication Services
Consumer Cyclical
Healthcare
Industrials
Consumer Defensive
Energy
Utilities
Basic Materials
Real Estate
Technology
VV
IJR
Financial Services
VV
IJR
Communication Services
VV
IJR
Consumer Cyclical
VV
IJR
Healthcare
VV
IJR
Industrials
VV
IJR
Consumer Defensive
VV
IJR
Energy
VV
IJR
Utilities
VV
IJR
Basic Materials
VV
IJR
Real Estate
VV
IJR
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Return for Risk
VV vs. IJR — Risk / Return Rank
VV
IJR
VV vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap ETF (VV) and iShares Core S&P Small-Cap ETF (IJR). 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.
| VV | IJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 4.41 | -1.92 |
| Martin ratioReturn relative to average drawdown | 10.49 | 15.06 | -4.57 |
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Drawdowns
VV vs. IJR - Drawdown Comparison
The maximum VV drawdown since its inception was -54.81%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for VV and IJR.
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Drawdown Indicators
| VV | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.81% | -58.15% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -8.68% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | -28.02% | +9.05% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -28.02% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -34.28% | -44.36% | +10.08% |
Current DrawdownCurrent decline from peak | -0.02% | -0.30% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -6.80% | -9.23% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 2.54% | -0.36% |
Volatility
VV vs. IJR - Volatility Comparison
Vanguard Large-Cap ETF (VV) has a higher volatility of 3.94% compared to iShares Core S&P Small-Cap ETF (IJR) at 3.73%. This indicates that VV's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VV | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 3.73% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 11.70% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.00% | 17.30% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 21.26% | -3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 22.86% | -4.64% |
VV vs. IJR - Expense Ratio Comparison
VV has a 0.04% expense ratio, which is lower than IJR's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VV vs. IJR - Dividend Comparison
VV's dividend yield for the trailing twelve months is around 1.01%, less than IJR's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJR iShares Core S&P Small-Cap ETF | 1.11% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
VV Vanguard Large-Cap ETF | 1.01% | 1.08% | 1.24% | 1.41% | 1.66% | 1.19% | 1.46% | 1.81% | 2.09% | 1.75% | 1.98% | 1.96% |
Frequently Asked Questions
VV and IJR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VV has higher volatility (3.94%) compared to IJR (3.73%). In terms of maximum drawdown, VV dropped -54.81% vs IJR's -58.15%.
On 10-year performance, VV leads with 15.17% vs 10.83% for IJR. On fees, VV is cheaper at 0.04% per year. On volatility, IJR has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VV has performed better with a 15.17% return vs 10.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VV is cheaper with a 0.04% expense ratio, compared with 0.06% for IJR.
IJR has the higher dividend yield at 1.11%, compared with 1.01% for VV.
VV is categorized as Large Cap Blend Equities, while IJR is Small Cap Blend Equities. VV tracks CRSP US Large Cap Index, while IJR tracks S&P SmallCap 600 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.04% for VV and 0.06% for IJR.
IJR currently has the higher Sharpe Ratio (2.22 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.
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