Data as of Oct 28, 2026.
VB vs VBK: Differences, Returns & Fees
Over the year to Oct 28, 2026, VB returned +14.4% to VBK's +10.3%; 47% of their weight is in the same names.
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Net assets on Sep 30, 2026: $76.9bn for Vanguard Morningstar Small-Cap ETF and $22.8bn for Vanguard Morningstar Small-Cap Growth ETF.
Pair scorecard
VB costs 0.02 points a year less; their one-year returns differ by 4.1 points; VB is 3.4 times larger.
| Measure | VB | VBK |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.4% | +10.3% |
| Drawdown | ||
| Below its high | 5.7%, high on Aug 14, 2026 | 8.0%, high on Aug 17, 2026 |
| Benchmark | ||
| What it tracks | Morningstar US Small Cap Index | Morningstar US Small Cap Growth Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.05% |
| Net assets, as of Sep 30, 2026 | $76.9bn | $22.8bn |
| Holdings | ||
| Holdings in common | 47% | |
| Top ten holdings, share of the fund | 5.9% | 12.2% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Feb 6, 2004 to Oct 23, 2026 · 1,185 weekly returnsVB returned slightly more: +705.5% to +672.8%. VB swung slightly less: 21.5% to 22.3%. VB and VBK fell about the same at their worst: −58.8% and −57.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VB | VBK | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +705.5% | +672.8% | VB (slight) | Price change plus distributions, reinvested. |
| Annualized | +9.6% | +9.4% | VB (slight) | Total return as a yearly rate. |
| Price return | +482.0% | +567.7% | VBK | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.5% | 22.3% | VB (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.1% | 15.7% | VB (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −58.8% | −57.8% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.45 | 0.43 | VB (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.64 | 0.62 | VB (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.16 | 0.16 | Tie | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,185 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VB and VBK hold 47% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
47% in common
Only in one fund ↓
Side by side
VB and VBK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VB and VBK do different jobs. What does each one do in a portfolio?
- What each follows. VB follows Morningstar US Small Cap Index and VBK follows Morningstar US Small Cap Growth Index.
- Holdings in common. 47% of the weight is in the same securities (holdings dated Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VB returned +14.4% and VBK +10.3% with distributions reinvested, a gap of 4.1 points.
Data as of Oct 28, 2026.
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VB
VB tracks an index of Small-Cap. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. 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.
VBK
VBK tracks an index of Small-Cap Growth. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 554 positions, with the top ten at 12.2%. It sat 8.0% below its high of Aug 17, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VB or VBK?
- In the year to Oct 28, 2026, with distributions reinvested, VB returned +14.4% and VBK +10.3%.
- Which is cheaper, VB or VBK?
- VB is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, VB against VBK, data as of Oct 28, 2026. https://etfiq.com/compare/any/vb-vs-vbk
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