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, trading under the ticker VBR, operates within the US Small Cap category, which currently contains 18 funds tracked by ETFValuer. Issued by Vanguard, this fund has accumulated assets under management of $67.8 billion, reflecting significant investor adoption relative to its peers. It holds an overall rank of #66 among 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 72.8 out of 100. The fund charges an expense ratio of 0.05% and offers a dividend yield of 1.26%. With a current share price of $245.01, the substantial asset base suggests strong institutional and retail interest in this specific small-cap value strategy. These metrics collectively position the fund as a widely held, cost-efficient vehicle within its specific investment niche.

Recent performance data shows a decline of 1.25% over the last day, followed by a modest recovery of 0.49% over the past week. Momentum has accelerated over the longer term, with the fund gaining 0.83% in one month and 6.71% over three months. This upward trajectory continued into the six-month period with a return of 10.47%, while year-to-date gains have reached 15.44%. The one-year return stands at 23.44%, and the three-year return totals 51.90%, indicating a strong multi-year growth pattern. The data illustrates a clear divergence where short-term fluctuations have given way to sustained positive returns over the one-year and three-year horizons.

The fund carries a low volatility label and a beta of 0.95, suggesting its price movements are generally less volatile than the broader market. A Sharpe ratio of 1.23 indicates that the fund has generated a favorable amount of excess return per unit of risk taken over the measured period. However, the maximum drawdown of -24.19% highlights the potential for significant temporary losses during market downturns. This combination of low volatility and a high Sharpe ratio implies efficient risk-adjusted returns, yet the substantial drawdown figure serves as a reminder of the downside risk inherent in small-cap value strategies. Investors should consider that while the fund has managed risk well relative to its returns, it remains exposed to sharp declines during adverse market conditions.

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

VBR Top Holdings

Holdings as of 2026-03-31 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 4 of the same companies as VBR's top 10 (2.8% 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: 4.61% (as of 2026-07-28) — 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): 18.21 (as of 2026-07-28) — 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.

VBR Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.25% and average daily volume is 288K/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 $67.8B 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