Which returned more over the last year, VB or VNQ?

In the year to Sep 12, 2026, with distributions reinvested, VB returned +15.2% and VNQ returned +5.6%, so VB returned more. One year is one year; the longer windows are in the table.

Which is cheaper, VB or VNQ?

VB charges 0.03% a year and VNQ charges 0.13%, so VB is cheaper. Fees come from each fund's prospectus.

How much do VB and VNQ overlap with the S&P 500?

By their latest filed holdings, 22% of VB and 63% of VNQ by weight is stocks the S&P 500 already holds. Between the two funds, 7% of their books are the same securities at the same weight.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

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VB vs VNQ: how they differ

VB and VNQ hold 7% of their weight in the same names, and VB returned more over the year.

Vanguard Small-Cap Index Fund and Vanguard Real Estate Index Fund.

What they hold in common

By the books each fund has filed, VB and VNQ hold 7% of their money in the same securities at the same weight.

Positions VB and VNQ both hold, largest shared weight first
Holding	VB	VNQ
Essex Property Trust Inc	0.23%	0.90%
Invitation Homes Inc	0.22%	0.89%
Weyerhaeuser Co	0.21%	0.94%
Kimco Realty Corp	0.21%	0.85%
Host Hotels & Resorts Inc	0.20%	0.77%
Mid-America Apartment Communities Inc	0.20%	0.81%
WP Carey Inc	0.19%	0.85%
Healthpeak Properties Inc	0.18%	0.60%
Sun Communities Inc	0.18%	0.84%
Regency Centers Corp	0.18%	0.72%
Jones Lang LaSalle Inc	0.17%	0.80%
Omega Healthcare Investors Inc	0.17%	0.74%

Largest positions each one holds and the other does not
Only in VB	Only in VNQ
Credo Technology Group Holding Ltd 0.55%	Vanguard Real Estate II Index Fund 14.67%
Jabil Inc 0.49%	Welltower Inc 7.86%
REVOLUTION Medicines Inc 0.46%	Prologis Inc 7.02%
Astera Labs Inc 0.45%	Equinix Inc 5.66%
Natera Inc 0.45%	American Tower Corp 4.55%
EMCOR Group Inc 0.45%	Digital Realty Trust Inc 3.67%
Twilio Inc 0.38%	Simon Property Group Inc 3.54%
NRG Energy Inc 0.38%	Realty Income Corp 3.12%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.

VB and VNQ on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	VB Vanguard Small-Cap Index Fund	VNQ Vanguard Real Estate Index Fund
Where it sits	Core index fund	Core index fund
Issuer	Vanguard	Vanguard
What it is	Small-Cap	US real estate
Total return, 1 year	+15.2%	+5.6%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−2.3 pts	−11.9 pts
Expense ratio	0.03%	0.13%
Already in the S&P 500	21.7%	63.3%
Holdings	1311	146

VB in plain words

VB is an index equity fund tracking the Small-Cap. Over the year to Sep 11, 2026 it returned +15.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 1311 positions, with the top ten at 4.3%. It sat 5.1% below its high of Aug 14, 2026 on Sep 11, 2026.

VNQ in plain words

VNQ is an index equity fund tracking the US real estate. Over the year to Sep 11, 2026 it returned +5.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.13% a year. By its holdings filed for Apr 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 146 positions, with the top ten at 54.9%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, VB or VNQ?: In the year to Sep 12, 2026, with distributions reinvested, VB returned +15.2% and VNQ returned +5.6%, so VB returned more. One year is one year; the longer windows are in the table.
Which is cheaper, VB or VNQ?: VB charges 0.03% a year and VNQ charges 0.13%, so VB is cheaper. Fees come from each fund's prospectus.
How much do VB and VNQ overlap with the S&P 500?: By their latest filed holdings, 22% of VB and 63% of VNQ by weight is stocks the S&P 500 already holds. Between the two funds, 7% of their books are the same securities at the same weight.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

VB against VNQ, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, VB against VNQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/VB-VNQ Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources