Data as of Oct 28, 2026.
SPSM vs VB: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPSM returned +17.6% to VB's +14.4%; 18% of their weight is in the same names.
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Net assets: $16.0bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 600 Small Cap ETF, and $76.9bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap ETF.
Pair scorecard
Both cost 0.03% a year; their one-year returns differ by 3.2 points; VB is 4.9 times larger.
Points (pts) are percentage points.
| Measure | SPSM | VB |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.6% | +14.4% |
| Drawdown | ||
| Below its high | 6.7%, high on Aug 14, 2026 | 5.7%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | S&P SmallCap 600 Index | Morningstar US Small Cap Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.03% |
| Net assets, as of Sep 30, 2026 | $15.7bn | $76.9bn |
| Holdings | ||
| Holdings in common | 18% | |
| Top ten holdings, share of the fund | 5.3% | 5.9% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Jul 19, 2013 to Oct 23, 2026 · 692 weekly returnsVB returned more: +249.5% to +222.7%. VB swung slightly less: 19.8% to 21.2%. VB fell slightly less at its worst: −40.0% to −41.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SPSM | VB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +222.7% | +249.5% | VB | Price change plus distributions, reinvested. |
| Annualized | +9.2% | +9.9% | VB (slight) | Total return as a yearly rate. |
| Price return | +158.2% | +186.6% | VB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.2% | 19.8% | VB (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.6% | 13.8% | VB (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −41.9% | −40.0% | VB (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.43 | 0.48 | VB (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.63 | 0.69 | VB (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.22 | 0.25 | VB | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 692 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPSM and VB hold 18% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
18% in common
Only in one fund ↓
Side by side
SPSM and VB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPSM and VB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SPSM follows S&P SmallCap 600 Index and VB follows Morningstar US Small Cap Index.
- Holdings in common. 18% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SPSM returned +17.6% and VB +14.4% with distributions reinvested, a gap of 3.2 points.
Data as of Oct 28, 2026.
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SPSM
SPSM tracks an index. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested, against +17.5% for its benchmark, the S&P SmallCap 600 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 609 positions, with the top ten at 5.3%. It sat 6.7% below its high of Aug 14, 2026 on Oct 28, 2026.
VB
VB tracks an index of Small-Cap. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. By its holdings published by its issuer as of Sep 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 1,303 positions, with the top ten at 5.9%. It sat 5.7% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SPSM against VB, data as of Oct 28, 2026. https://etfiq.com/compare/any/spsm-vs-vb
ETFIQ. (Oct 28, 2026). SPSM against VB. Retrieved from https://etfiq.com/compare/any/spsm-vs-vb
[SPSM against VB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/spsm-vs-vb)
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