WSCVX vs. VSIIX

Last updated Jun 4, 2026

WSCVX (Walthausen Small Cap Value Fund) and VSIIX (Vanguard Small-Cap Value Index Fund Institutional Shares) are both Small Cap Value Equities funds. Over the past year, WSCVX returned 46.03% vs 26.40% for VSIIX. Their correlation of 0.89 suggests significant overlap in exposure. WSCVX charges 1.21%/yr vs 0.06%/yr for VSIIX.

Performance

WSCVX vs. VSIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Walthausen Small Cap Value Fund (WSCVX) and Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WSCVX achieves a 22.71% return, which is significantly higher than VSIIX's 11.65% return.

WSCVX

• 1D: 0.74%
• 1M: 3.98%
• YTD: 22.71%
• 6M: 22.92%
• 1Y: 46.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VSIIX

• 1D: -0.37%
• 1M: 1.35%
• YTD: 11.65%
• 6M: 11.87%
• 1Y: 26.40%
• 3Y*: 16.46%
• 5Y*: 7.98%
• 10Y*: 10.53%

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

WSCVX vs. VSIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WSCVX Walthausen Small Cap Value Fund	22.71%	13.80%	29.11%	7.98%
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares	11.65%	9.10%	11.37%	11.91%

Correlation

The correlation between WSCVX and VSIIX is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023	0.89

The correlation between WSCVX and VSIIX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

Return for Risk

WSCVX vs. VSIIX — Risk / Return Rank

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

WSCVX

WSCVX Risk / Return Rank: 84
WSCVX Sharpe Ratio Rank: 85
WSCVX Sortino Ratio Rank: 82
WSCVX Omega Ratio Rank: 69
WSCVX Calmar Ratio Rank: 94
WSCVX Martin Ratio Rank: 89

VSIIX

VSIIX Risk / Return Rank: 42
VSIIX Sharpe Ratio Rank: 35
VSIIX Sortino Ratio Rank: 37
VSIIX Omega Ratio Rank: 32
VSIIX Calmar Ratio Rank: 58
VSIIX Martin Ratio Rank: 51

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.

WSCVX vs. VSIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Walthausen Small Cap Value Fund (WSCVX) and Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX). 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.

	WSCVX	VSIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.79	1.71	+1.08
Sortino ratio: Return per unit of downside risk	3.90	2.52	+1.38
Omega ratio: Gain probability vs. loss probability	1.47	1.30	+0.17
Calmar ratio: Return relative to maximum drawdown	5.45	2.92	+2.53
Martin ratio: Return relative to average drawdown	17.86	10.35	+7.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WSCVX vs. VSIIX - Sharpe Ratio Comparison

The current WSCVX Sharpe Ratio is 2.79, which is higher than the VSIIX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of WSCVX and VSIIX, 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

	WSCVX	VSIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	1.71	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.44	+0.82

Drawdowns

WSCVX vs. VSIIX - Drawdown Comparison

The maximum WSCVX drawdown since its inception was -22.34%, smaller than the maximum VSIIX drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for WSCVX and VSIIX.

Drawdown Indicators

	WSCVX	VSIIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.34%	-62.05%	+39.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-8.87%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.38%	—
Current Drawdown Current decline from peak	0.00%	-0.37%	+0.37%
Average Drawdown Average peak-to-trough decline	-4.27%	-8.52%	+4.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.50%	+0.23%

Volatility

WSCVX vs. VSIIX - Volatility Comparison

Walthausen Small Cap Value Fund (WSCVX) has a higher volatility of 5.42% compared to Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) at 3.98%. This indicates that WSCVX's price experiences larger fluctuations and is considered to be riskier than VSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WSCVX	VSIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	3.98%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	11.65%	10.43%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	17.55%	15.20%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.09%	19.77%	+2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.09%	21.83%	+0.26%

WSCVX vs. VSIIX - Expense Ratio Comparison

WSCVX has a 1.21% expense ratio, which is higher than VSIIX's 0.06% expense ratio.

Dividends

WSCVX vs. VSIIX - Dividend Comparison

WSCVX's dividend yield for the trailing twelve months is around 10.78%, more than VSIIX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares	1.77%	1.96%	1.99%	2.10%	2.04%	1.76%	1.69%	2.07%	2.36%	1.80%	1.77%	1.99%
WSCVX Walthausen Small Cap Value Fund	10.78%	13.23%	28.71%	9.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WSCVX and VSIIX in my portfolio?

WSCVX and VSIIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WSCVX or VSIIX?

WSCVX has higher volatility (5.42%) compared to VSIIX (3.98%). In terms of maximum drawdown, WSCVX dropped -22.34% vs VSIIX's -62.05%.

Which has better risk-adjusted returns?

WSCVX currently has the higher Sharpe Ratio (2.79 vs 1.71), 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.