VBR — Vanguard Morningstar Small-Cap Value ETF

VBR Price Performance — Growth of $10,000

Value of a $10,000 investment in VBR 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.

VBR Drawdown

The "underwater" chart: VBR'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 Value ETF (VBR) is a US Small Cap fund issued by Vanguard with $68.3 billion in assets under management. It holds a B grade with a score of 66.2 out of 100, ranking 7th among 18 peers in its category and 162nd of 458 tracked ETFs overall. The fund’s 0.05% expense ratio is significantly lower than the category median of 0.15%, while its 1.27% dividend yield exceeds the median of 0.90%. Top holdings represent only 6.1% of assets, with Jabil Inc serving as the largest single position at 0.9%.

VBR has delivered a 1-year return of 20.02%, trailing the category median of 24.05%, though it shows stronger momentum over the past six months with a 13.37% gain. Short-term performance remains subdued, with the fund down 0.52% over the last month despite a 5.93% rise over three months. The current price of $247.11 sits at 91.1% of its 52-week range, indicating it is near the top of its recent trading band. The ETFValuer grade has remained unchanged at B for the last 35 tracked days, based on 3.0 years of available price history.

With a beta of 0.93, the fund exhibits slightly less sensitivity to market movements than the broader market. Annualized volatility of 14.28% is classified as Low, contributing to a Sharpe ratio of 1.05. The maximum drawdown recorded is -24.19%, reflecting the extent of peak-to-trough decline during the observation period. Liquidity is characterized by an average daily volume of 269,096 shares and a bid/ask spread of 2.42%.

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

VBR Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 6.1% 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 VBR's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VBR

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VBR's top 10 — VB overlaps most, holding 3 of the same companies as VBR's top 10 (2.2% of VBR'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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VBR Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 2.42% and average daily volume is 269K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $68.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VBR 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.

VBR Performance History

How VBR Compares to Other US Small Cap ETFs