VIOO — Vanguard S&P Small-Cap 600 Index Fund ETF Shares

Overview

The Vanguard S&P Small-Cap 600 Index Fund ETF Shares (VIOO) operates within the US Small Cap category, which currently contains five ETFs tracked by ETFValuer. Issued by Vanguard, this fund has accumulated assets under management of $6.41 billion and trades at a price of $133.18. It holds an overall rank of #49 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 66.8 out of 100. The fund offers a low-cost structure with an expense ratio of 0.07% while providing a dividend yield of 1.10%. The substantial asset base and moderate price point suggest significant investor adoption relative to the small size of its specific category. These metrics position the fund as a widely held option within its sector despite its mid-tier ranking among the broader universe of tracked ETFs.

Recent performance data shows a sharp decline over the last day with a return of -1.21%, followed by a further drop of -3.17% over the past week. However, the trend reverses significantly over longer horizons, with the fund posting a 1-month return of +4.59% and accelerating to +13.94% over three months. This upward momentum continues through the six-month period at +17.38% and extends to a year-to-date gain of +18.83%. The one-year return stands at +30.94%, while the three-year return totals +47.42%. The data indicates a pattern where short-term volatility contrasts with sustained positive growth over the medium and long term.

VIOO carries a Moderate volatility label and exhibits a beta of 1.08, indicating that its price movements tend to be slightly more sensitive to market fluctuations than the broader benchmark. The fund has experienced a maximum drawdown of -27.93%, reflecting the potential for significant temporary losses during market downturns. Despite this drawdown, the fund has achieved a Sharpe ratio of 1.47, suggesting that the returns generated have been efficient relative to the risk taken. This combination of a beta above 1.0 and a moderate volatility label implies the fund amplifies market moves while maintaining a favorable risk-adjusted return profile. The high Sharpe ratio alongside the substantial three-year return suggests the fund has successfully compensated investors for the periods of elevated drawdown.

AI-generated summary based on the data on this page.

VIOO Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VIOO Performance History

How VIOO Compares to Other US Small Cap ETFs