VB — Vanguard Small-Cap Index Fund ETF Shares

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 Small-Cap Index Fund ETF Shares (VB) operates within the US Small Cap category, which ETFValuer currently tracks 18 funds. Issued by Vanguard, this fund has accumulated assets under management of $189 billion, reflecting significant investor adoption relative to its $297.96 share price. Across all tracked categories, the ETF holds an overall rank of #95 out of 458 funds and has received an ETFValuer grade of B with a score of 71.0. The fund maintains a low cost structure with an expense ratio of 0.03% while providing a dividend yield of 0.86%. This combination of substantial assets, a competitive expense ratio, and a mid-tier ranking suggests a widely utilized vehicle for small-cap exposure. The high asset base and specific price point indicate a mature product with established market presence among small-cap investors.

Recent price action shows a +0.36% gain over one day and a +0.32% increase over one week, followed by a -0.51% decline in the one-month period. Over the longer term, the fund has demonstrated acceleration, posting a +5.39% return over three months and a +9.48% gain over six months. Year-to-date performance stands at +14.70%, while the one-year return has reached +22.41%. The three-year horizon shows the strongest cumulative performance with a return of +51.73%. This trajectory indicates a pattern where short-term fluctuations have given way to sustained growth over the annual and multi-year periods. The data reflects a positive trend that strengthens as the investment horizon extends from one month to three years.

The fund carries a Moderate volatility label and a beta of 1.10, indicating that its price movements tend to be slightly more sensitive to market changes than the broader benchmark. A Sharpe ratio of 1.06 suggests the fund has generated a favorable amount of excess return per unit of risk taken over the measured period. However, the maximum drawdown of -25.36% highlights the potential for significant temporary losses during market downturns. This combination of a beta above 1.0 and a deep drawdown implies the fund experiences amplified swings in both rising and falling markets. Despite the higher volatility and drawdown risk, the Sharpe ratio indicates that the returns have historically compensated investors adequately for these risks. The profile suggests an asset class that offers growth potential but requires tolerance for substantial short-term price variability.

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

VB Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 4.7% 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 5 of the same companies as VB's top 10 (2.6% 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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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.

VB Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 567K/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 $189B 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