VVSM.DE vs. VIOV

Last updated Jun 10, 2026

VVSM.DE (VanEck Semiconductor UCITS ETF) and VIOV (Vanguard S&P Small-Cap 600 Value ETF) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index, while VIOV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 5 years, VVSM.DE returned 36.49%/yr vs 7.20%/yr for VIOV. At a 0.29 correlation, their price movements are largely independent. VVSM.DE charges 0.35%/yr vs 0.10%/yr for VIOV.

Performance

VVSM.DE vs. VIOV - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Semiconductor UCITS ETF (VVSM.DE) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VVSM.DE is traded in EUR, while VIOV is traded in USD. To make them comparable, the VIOV values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VVSM.DE achieves a 74.38% return, which is significantly higher than VIOV's 18.75% return.

VVSM.DE

• 1D: -3.49%
• 1M: 7.35%
• YTD: 74.38%
• 6M: 71.01%
• 1Y: 143.29%
• 3Y*: 53.03%
• 5Y*: 36.49%
• 10Y*: —

VIOV

• 1D: 0.86%
• 1M: 4.04%
• YTD: 18.75%
• 6M: 17.36%
• 1Y: 34.28%
• 3Y*: 11.35%
• 5Y*: 7.20%
• 10Y*: 10.04%

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

VVSM.DE vs. VIOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VVSM.DE VanEck Semiconductor UCITS ETF	74.38%	33.22%	31.47%	70.20%	-32.79%	58.38%	-15.76%
VIOV Vanguard S&P Small-Cap 600 Value ETF	18.75%	-6.03%	14.54%	11.90%	-5.87%	40.45%	5.07%

Correlation

The correlation between VVSM.DE and VIOV is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020	0.30

Return for Risk

VVSM.DE vs. VIOV — Risk / Return Rank

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

VVSM.DE

VVSM.DE Risk / Return Rank: 96
VVSM.DE Sharpe Ratio Rank: 97
VVSM.DE Sortino Ratio Rank: 95
VVSM.DE Omega Ratio Rank: 93
VVSM.DE Calmar Ratio Rank: 98
VVSM.DE Martin Ratio Rank: 97

VIOV

VIOV Risk / Return Rank: 71
VIOV Sharpe Ratio Rank: 67
VIOV Sortino Ratio Rank: 70
VIOV Omega Ratio Rank: 62
VIOV Calmar Ratio Rank: 82
VIOV Martin Ratio Rank: 74

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.

VVSM.DE vs. VIOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.DE) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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.

	VVSM.DE	VIOV	Difference
Sharpe ratio: Return per unit of total volatility	4.35	1.91	+2.44
Sortino ratio: Return per unit of downside risk	4.57	2.66	+1.91
Omega ratio: Gain probability vs. loss probability	1.59	1.33	+0.25
Calmar ratio: Return relative to maximum drawdown	12.23	4.65	+7.58
Martin ratio: Return relative to average drawdown	40.57	14.90	+25.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VVSM.DE vs. VIOV - Sharpe Ratio Comparison

The current VVSM.DE Sharpe Ratio is 4.35, which is higher than the VIOV Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of VVSM.DE and VIOV, 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

	VVSM.DE	VIOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.35	1.91	+2.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	0.34	+0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.55	+0.45

Drawdowns

VVSM.DE vs. VIOV - Drawdown Comparison

The maximum VVSM.DE drawdown since its inception was -37.65%, smaller than the maximum VIOV drawdown of -43.38%. Use the drawdown chart below to compare losses from any high point for VVSM.DE and VIOV.

Drawdown Indicators

	VVSM.DE	VIOV	Difference
Max Drawdown Largest peak-to-trough decline	-37.65%	-43.38%	+5.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-7.41%	-4.24%
Max Drawdown (3Y) Largest decline over 3 years	-37.52%	-32.59%	-4.93%
Max Drawdown (5Y) Largest decline over 5 years	-37.65%	-32.59%	-5.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.38%	—
Current Drawdown Current decline from peak	-8.85%	0.00%	-8.85%
Average Drawdown Average peak-to-trough decline	-10.49%	-7.61%	-2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	2.31%	+1.21%

Volatility

VVSM.DE vs. VIOV - Volatility Comparison

VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 13.51% compared to Vanguard S&P Small-Cap 600 Value ETF (VIOV) at 4.07%. This indicates that VVSM.DE's price experiences larger fluctuations and is considered to be riskier than VIOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VVSM.DE	VIOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.51%	4.07%	+9.44%
Volatility (6M) Calculated over the trailing 6-month period	25.51%	11.65%	+13.86%
Volatility (1Y) Calculated over the trailing 1-year period	32.73%	18.06%	+14.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.32%	21.59%	+9.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.78%	24.18%	+7.60%

VVSM.DE vs. VIOV - Expense Ratio Comparison

VVSM.DE has a 0.35% expense ratio, which is higher than VIOV's 0.10% expense ratio.

Dividends

VVSM.DE vs. VIOV - Dividend Comparison

VVSM.DE has not paid dividends to shareholders, while VIOV's dividend yield for the trailing twelve months is around 1.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIOV Vanguard S&P Small-Cap 600 Value ETF	1.57%	1.69%	1.78%	2.18%	1.81%	1.59%	1.42%	1.60%	1.76%	1.43%	1.17%	1.32%
VVSM.DE VanEck Semiconductor UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VVSM.DE and VIOV in my portfolio?

VVSM.DE and VIOV have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VVSM.DE or VIOV?

On fees, VIOV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VVSM.DE or VIOV?

VIOV is cheaper with a 0.10% expense ratio, compared with 0.35% for VVSM.DE.

What is the main difference between VVSM.DE and VIOV?

VVSM.DE is categorized as Semiconductors, while VIOV is Small Cap Value Equities. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while VIOV tracks S&P SmallCap 600 Value Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.35% for VVSM.DE and 0.10% for VIOV.