VIOO vs. XSLV
Compare and contrast key facts about Vanguard S&P Small-Cap 600 ETF (VIOO) and Invesco S&P SmallCap Low Volatility ETF (XSLV).
VIOO and XSLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VIOO is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 Index. It was launched on Sep 7, 2010. XSLV is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Low Volatility Index. It was launched on Feb 15, 2013. Both VIOO and XSLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIOO or XSLV.
Performance
VIOO vs. XSLV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VIOO having a 14.79% return and XSLV slightly higher at 15.41%. Over the past 10 years, VIOO has outperformed XSLV with an annualized return of 9.72%, while XSLV has yielded a comparatively lower 6.81% annualized return.
VIOO
14.79%
6.51%
14.93%
29.97%
10.69%
9.72%
XSLV
15.41%
5.39%
16.59%
26.40%
2.57%
6.81%
Key characteristics
| VIOO | XSLV | |
|---|---|---|
| Sharpe Ratio | 1.54 | 1.66 |
| Sortino Ratio | 2.27 | 2.50 |
| Omega Ratio | 1.27 | 1.30 |
| Calmar Ratio | 1.71 | 1.38 |
| Martin Ratio | 8.56 | 9.71 |
| Ulcer Index | 3.58% | 2.79% |
| Daily Std Dev | 19.97% | 16.26% |
| Max Drawdown | -44.15% | -44.34% |
| Current Drawdown | -2.58% | -1.51% |
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VIOO vs. XSLV - Expense Ratio Comparison
VIOO has a 0.10% expense ratio, which is lower than XSLV's 0.25% 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%.
Correlation
The correlation between VIOO and XSLV is 0.91, 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
VIOO vs. XSLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 ETF (VIOO) and Invesco S&P SmallCap Low Volatility ETF (XSLV). 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
VIOO vs. XSLV - Dividend Comparison
VIOO's dividend yield for the trailing twelve months is around 1.28%, less than XSLV's 1.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIOO Vanguard S&P Small-Cap 600 ETF | 1.28% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 0.95% | 1.26% | 1.06% | 0.86% |
XSLV Invesco S&P SmallCap Low Volatility ETF | 1.91% | 2.35% | 2.79% | 1.05% | 2.48% | 2.43% | 2.75% | 1.87% | 1.96% | 2.20% | 2.38% | 1.58% |
Drawdowns
VIOO vs. XSLV - Drawdown Comparison
The maximum VIOO drawdown since its inception was -44.15%, roughly equal to the maximum XSLV drawdown of -44.34%. Use the drawdown chart below to compare losses from any high point for VIOO and XSLV. For additional features, visit the drawdowns tool.
Volatility
VIOO vs. XSLV - Volatility Comparison
Vanguard S&P Small-Cap 600 ETF (VIOO) has a higher volatility of 7.55% compared to Invesco S&P SmallCap Low Volatility ETF (XSLV) at 7.00%. This indicates that VIOO's price experiences larger fluctuations and is considered to be riskier than XSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.