Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VBR vs VO: how they differ
VBR and VO hold 2% of their weight in the same names, and VBR returned more over the year.
Vanguard Small-Cap Value Index Fund and Vanguard Mid-Cap Index Fund.
What they hold in common
By the books each fund has filed, VBR and VO hold 2% of their money in the same securities at the same weight.
| Holding | VBR | VO |
|---|---|---|
| Flex Ltd | 0.32% | 0.29% |
| Qnity Electronics Inc | 0.37% | 0.17% |
| EQT Corp | 0.18% | 0.16% |
| Centene Corp | 0.34% | 0.15% |
| Steel Dynamics Inc | 0.34% | 0.15% |
| Hubbell Inc | 0.15% | 0.13% |
| NiSource Inc | 0.24% | 0.11% |
| International Paper Co | 0.22% | 0.10% |
| Alliant Energy Corp | 0.21% | 0.10% |
| Dow Inc | 0.21% | 0.10% |
| International Flavors & Fragrances Inc | 0.21% | 0.09% |
| Fortive Corp | 0.20% | 0.09% |
| Only in VBR | Only in VO |
|---|---|
| Jabil Inc 0.87% | Vertiv Holdings Co 1.23% |
| NRG Energy Inc 0.66% | Western Digital Corp 1.07% |
| Tapestry Inc 0.64% | Seagate Technology Holdings PLC 1.05% |
| Atmos Energy Corp 0.62% | Quanta Services Inc 1.05% |
| Williams-Sonoma Inc 0.59% | Howmet Aerospace Inc 1.04% |
| Moderna Inc 0.54% | Cummins Inc 0.95% |
| Smurfit Westrock PLC 0.52% | Datadog Inc 0.84% |
| F5 Inc 0.50% | Bloom Energy Corp 0.79% |
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 Jun 30, 2026.
| VBR Vanguard Small-Cap Value Index Fund | VO Vanguard Mid-Cap Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | Vanguard |
| What it is | Small-Cap Value | Mid-Cap |
| Total return, 1 year | +16.3% | +12.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −1.2 pts | −5.5 pts |
| Expense ratio | 0.05% | 0.03% |
| Already in the S&P 500 | 30.5% | 91.4% |
| Holdings | 840 | 282 |
VBR in plain words
VBR is an index equity fund tracking the Small-Cap Value. Over the year to Sep 11, 2026 it returned +16.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 840 positions, with the top ten at 5.9%. It sat 3.8% below its high of Aug 14, 2026 on Sep 11, 2026.
VO in plain words
VO is an index equity fund tracking the Mid-Cap. Over the year to Sep 11, 2026 it returned +12.0% 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, 91% of the fund by weight is stocks the S&P 500 also holds, across 282 positions, with the top ten at 9.6%. It sat 4.1% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, VBR or VO?
- In the year to Sep 12, 2026, with distributions reinvested, VBR returned +16.3% and VO returned +12.0%, so VBR returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VBR or VO?
- VBR charges 0.05% a year and VO charges 0.03%, so VO is cheaper. Fees come from each fund's prospectus.
- How much do VBR and VO overlap with the S&P 500?
- By their latest filed holdings, 30% of VBR and 91% of VO by weight is stocks the S&P 500 already holds. Between the two funds, 2% of their books are the same securities at the same weight.
Other comparisons
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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.
Cite this page. ETFIQ, VBR against VO, data as of Sep 12, 2026. https://etfiq.com/compare/any/VBR-VO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources