Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VBR vs VOE: how they differ
VBR and VOE hold 3% of their weight in the same names, and VOE returned more over the year.
Vanguard Small-Cap Value Index Fund and Vanguard Mid-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, VBR and VOE hold 3% of their money in the same securities at the same weight.
| Holding | VBR | VOE |
|---|---|---|
| Qnity Electronics Inc | 0.37% | 0.30% |
| Centene Corp | 0.34% | 0.28% |
| Steel Dynamics Inc | 0.34% | 0.27% |
| NiSource Inc | 0.24% | 0.20% |
| International Paper Co | 0.22% | 0.17% |
| Alliant Energy Corp | 0.21% | 0.17% |
| Dow Inc | 0.21% | 0.17% |
| International Flavors & Fragrances Inc | 0.21% | 0.17% |
| Fortive Corp | 0.20% | 0.16% |
| General Mills Inc | 0.20% | 0.16% |
| NVR Inc | 0.19% | 0.15% |
| EQT Corp | 0.18% | 0.14% |
| Only in VBR | Only in VOE |
|---|---|
| Jabil Inc 0.87% | Cummins Inc 1.71% |
| NRG Energy Inc 0.66% | Valero Energy Corp 1.34% |
| Tapestry Inc 0.64% | Marathon Petroleum Corp 1.29% |
| Atmos Energy Corp 0.62% | CRH PLC 1.24% |
| Williams-Sonoma Inc 0.59% | United Rentals Inc 1.23% |
| Moderna Inc 0.54% | General Motors Co 1.21% |
| Smurfit Westrock PLC 0.52% | SLB Ltd 1.21% |
| F5 Inc 0.50% | Simon Property Group Inc 1.20% |
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 | VOE Vanguard Mid-Cap Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | Vanguard |
| What it is | Small-Cap Value | Mid-Cap Value |
| Total return, 1 year | +16.3% | +20.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −1.2 pts | +2.7 pts |
| Expense ratio | 0.05% | 0.05% |
| Already in the S&P 500 | 30.5% | 96.6% |
| Holdings | 840 | 170 |
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.
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for Jun 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
Questions people ask
- Which returned more over the last year, VBR or VOE?
- In the year to Sep 12, 2026, with distributions reinvested, VBR returned +16.3% and VOE returned +20.2%, so VOE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VBR or VOE?
- VBR charges 0.05% a year and VOE charges 0.05%, so VBR is cheaper. Fees come from each fund's prospectus.
- How much do VBR and VOE overlap with the S&P 500?
- By their latest filed holdings, 30% of VBR and 97% of VOE by weight is stocks the S&P 500 already holds. Between the two funds, 3% of their books are the same securities at the same weight.
Other comparisons
Where to next
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 VOE, data as of Sep 12, 2026. https://etfiq.com/compare/any/VBR-VOE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources