Data as of Oct 28, 2026.
VB vs VIOG: Differences, Returns & Fees
Over the year to Oct 28, 2026, VB returned +14.4% to VIOG's +15.8%; 12% 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 $1.0bn for Vanguard S&P Small-Cap 600 Growth ETF.
Pair scorecard
VB costs 0.07 points a year less; their one-year returns differ by 1.4 points; VB is far larger, $76.9bn against $1.0bn.
| Measure | VB | VIOG |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.4% | +15.8% |
| Drawdown | ||
| Below its high | 5.7%, high on Aug 14, 2026 | 8.2%, high on Aug 4, 2026 |
| Benchmark | ||
| What it tracks | Morningstar US Small Cap Index | S&P SmallCap 600 Growth Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.10% |
| Net assets, as of Sep 30, 2026 | $76.9bn | $1.0bn |
| Holdings | ||
| Holdings in common | 12% | |
| Top ten holdings, share of the fund | 5.9% | 9.9% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Sep 17, 2010 to Oct 23, 2026 · 840 weekly returnsVIOG returned slightly more: +527.1% to +495.7%. VB swung slightly less: 19.9% to 20.5%. VB fell slightly less at its worst: −40.0% to −41.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VB | VIOG | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +495.7% | +527.1% | VIOG (slight) | Price change plus distributions, reinvested. |
| Annualized | +11.7% | +12.0% | VIOG (slight) | Total return as a yearly rate. |
| Price return | +367.7% | +438.4% | VIOG | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.9% | 20.5% | VB (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.8% | 13.9% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −40.0% | −41.3% | VB (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.58 | 0.58 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.83 | 0.85 | VIOG (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.29 | 0.29 | Tie | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VB and VIOG hold 12% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
12% in common
Only in one fund ↓
Side by side
VB and VIOG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VB and VIOG are built for the same job. How do they differ in cost, holdings and results?
- What each follows. VB follows Morningstar US Small Cap Index and VIOG follows S&P SmallCap 600 Growth Index.
- Holdings in common. 12% of the weight is in the same securities (holdings dated Sep 30, 2026).
- Number of holdings. VB holds 1,303 positions and VIOG holds 351.
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.
VIOG
VIOG tracks an index. Over the year to Oct 28, 2026 it returned +15.8% with distributions reinvested, against +15.4% for its benchmark, the S&P SmallCap 600 Growth Index. The prospectus expense ratio is 0.10% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 351 positions, with the top ten at 9.9%. It sat 8.2% below its high of Aug 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VB or VIOG?
- In the year to Oct 28, 2026, with distributions reinvested, VB returned +14.4% and VIOG +15.8%.
- Which is cheaper, VB or VIOG?
- VB is cheaper, by 0.07 percentage points a year. That is about $7 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 VIOG, data as of Oct 28, 2026. https://etfiq.com/compare/any/vb-vs-viog
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