VBK — Vanguard Morningstar Small-Cap Growth ETF

VBK Price Performance — Growth of $10,000

Value of a $10,000 investment in VBK 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.

VBK Drawdown

The "underwater" chart: VBK'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

Vanguard Morningstar Small-Cap Growth ETF (VBK) is a US Small Cap fund issued by Vanguard with $42.9 billion in assets under management. It holds a C grade with a score of 58.5 out of 100, ranking 17th out of 18 peers in its category and 255th overall among 458 tracked ETFs. The fund’s 0.05% expense ratio sits well below the category median of 0.15%, while its 0.43% dividend yield trails the median of 1.24%. Top holdings account for 11.1% of assets, with the largest position being the Vanguard Cmt Funds-Vanguard Market Liquidity Fund at 2.6%.

VBK’s price of $327.49 places it at 54.4% of its 52-week range, reflecting a record that spans only 3.0 years. Short-term performance shows a -0.40% daily change and a -3.92% one-month decline, contrasting with a +6.90% year-to-date gain. The one-year return of +9.80% lags the category median of +17.91%, while the three-year return stands at +68.82%. The fund’s C grade has remained unchanged across the last 35 tracked days, indicating stable but modest ratings.

The fund exhibits a beta of 1.32, indicating it moves more than the market, alongside a moderate annualized volatility of 20.43%. A Sharpe ratio of 0.24 suggests limited risk-adjusted returns relative to the volatility experienced. Maximum drawdowns have reached -27.54%, highlighting significant downside potential during market stress. Liquidity is supported by an average daily volume of 197,790 shares, though the high beta and volatility underscore the fund's sensitivity to market fluctuations.

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

VBK Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 11.1% 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 VBK's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VBK

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VBK's top 10 — VB overlaps most, holding 6 of the same companies as VBK's top 10 (7.9% of VBK'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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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.

VBK Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 198K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $42.9B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VBK 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.

VBK Performance History

How VBK Compares to Other US Small Cap ETFs