^SP400 vs. VIOO
Compare and contrast key facts about S&P 400 (^SP400) and Vanguard S&P Small-Cap 600 ETF (VIOO).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SP400 or VIOO.
Key characteristics
| ^SP400 | VIOO | |
|---|---|---|
| YTD Return | 5.68% | 2.73% |
| 1Y Return | 14.06% | 14.58% |
| 3Y Return (Ann) | 2.52% | 1.24% |
| 5Y Return (Ann) | 9.00% | 9.29% |
| 10Y Return (Ann) | 7.51% | 8.82% |
| Sharpe Ratio | 0.78 | 0.68 |
| Daily Std Dev | 16.70% | 20.19% |
| Max Drawdown | -56.32% | -44.15% |
| Current Drawdown | -5.64% | -6.59% |
Correlation
The correlation between ^SP400 and VIOO is 0.93, 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.
Performance
^SP400 vs. VIOO - Performance Comparison
In the year-to-date period, ^SP400 achieves a 5.68% return, which is significantly higher than VIOO's 2.73% return. Over the past 10 years, ^SP400 has underperformed VIOO with an annualized return of 7.51%, while VIOO has yielded a comparatively higher 8.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^SP400 vs. VIOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 400 (^SP400) and Vanguard S&P Small-Cap 600 ETF (VIOO). 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.
Drawdowns
^SP400 vs. VIOO - Drawdown Comparison
The maximum ^SP400 drawdown since its inception was -56.32%, which is greater than VIOO's maximum drawdown of -44.15%. Use the drawdown chart below to compare losses from any high point for ^SP400 and VIOO. For additional features, visit the drawdowns tool.
Volatility
^SP400 vs. VIOO - Volatility Comparison
The current volatility for S&P 400 (^SP400) is 5.52%, while Vanguard S&P Small-Cap 600 ETF (VIOO) has a volatility of 6.53%. This indicates that ^SP400 experiences smaller price fluctuations and is considered to be less risky than VIOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.