VB — Vanguard Morningstar Small-Cap ETF

VB Price Performance — Growth of $10,000

Value of a $10,000 investment in VB over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VB Drawdown

The "underwater" chart: VB's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Morningstar Small-Cap ETF (VB) is a US Small Cap fund issued by Vanguard with $176 billion in assets under management. It holds a B grade, scoring 65.7 out of 100, and ranks 5th among 18 peers in its category. The fund’s expense ratio of 0.03% is significantly lower than the category median of 0.15%. Its dividend yield of 1.27% aligns closely with the category median of 1.26%. The top 10 holdings represent only 5.5% of assets, with the largest position being the Vanguard Market Liquidity Fund at 1.5%.

VB has delivered a 1-year return of 12.63%, trailing the category median of 15.76%. Short-term performance shows a divergence, with a 1-month decline of 3.34% contrasting against a year-to-date gain of 10.79%. The fund’s price of $286.98 sits at 67.0% of its 52-week range. The ETFValuer grade has remained unchanged at B over the last 35 tracked days. Historical price data is available for 3.0 years.

The fund exhibits a beta of 1.11, indicating higher sensitivity to market movements than the broader market. Annualized volatility stands at 16.13%, which is labeled as Moderate. A Sharpe ratio of 0.47 suggests the risk-adjusted returns have been modest relative to the volatility taken. The maximum drawdown recorded is -25.36%. Liquidity is supported by an average daily volume of 467,382 shares.

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

VB Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 5.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VB's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VB

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VB's top 10 — VBK overlaps most, holding 6 of the same companies as VB's top 10 (3.8% of VB's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VB Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 467K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $176B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VB is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VB Performance History

How VB Compares to Other US Small Cap ETFs