Data as of Oct 28, 2026.

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VB vs VOO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VB returned +14.4% to VOO's +13.7%; 3% 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 $1.0tn for Vanguard S&P 500 ETF.

At a glance
+14.4%
VB total return, 1 year
+13.7%
VOO total return, 1 year
0.03%
VB expense ratio
0.03%
VOO expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 0.7 points; VOO is 13.0 times larger.

Points (pts) are percentage points.

VB vs VOO: Differences, Returns & Fees
MeasureVBVOO
Return
Total return, 1 year+14.4%+13.7%
Drawdown
Below its high5.7%, high on Aug 14, 2026
Benchmark
What it tracksMorningstar US Small Cap IndexS&P 500 Index
Cost and size
Expense ratio0.03%0.03%
Net assets, as of Sep 30, 2026$76.9bn$1.0tn
Holdings
Holdings in common3%
Top ten holdings, share of the fund5.9%39.1%

Holdings in common uses holdings dated Sep 30, 2026. Method

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns
VB VOO
Return
Total return edge VOO +495.7% +804.0%
Annualized edge VOO +11.7% +14.6%
Price return edge VOO +367.7% +575.9%
Risk
Volatility edge VOO 19.9% 15.9%
Max drawdown edge VOO −40.0% −31.8%
Risk-adjusted
Sharpe edge VOO 0.58 0.84
Sortino edge VOO 0.83 1.22
Calmar edge VOO 0.29 0.46
Reading

VOO returned more: +804.0% to +495.7%. VOO swung less: 15.9% to 19.9%. VOO fell less at its worst: −31.8% to −40.0%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VB vs VOO: Differences, Returns & Fees
MeasureVBVOOEdgeHow it is measured
Return
Total return+495.7%+804.0%VOOPrice change plus distributions, reinvested.
Annualized+11.7%+14.6%VOOTotal return as a yearly rate.
Price return+367.7%+575.9%VOOPrice change alone, distributions left out.
Risk
Volatility19.9%15.9%VOOSpread of weekly returns, annualized. Lower is steadier.
Downside deviation13.8%10.9%VOOLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−40.0%−31.8%VOODeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.580.84VOOReturn above Treasury bills per unit of volatility.
Sortino0.831.22VOOReturn above Treasury bills per unit of downside deviation.
Calmar0.290.46VOOAnnualized 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

3%

By the books each fund has filed, VB and VOO hold 3% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

3% in common

Positions both hold · largest shared weight first VB VOO
Moderna Inc 0.44% 0.11%
Everpure Inc 0.52% 0.07%
Illumina Inc 0.52% 0.06%
Flex Ltd 0.26% 0.06%
EMCOR Group Inc 0.42% 0.05%
Centene Corp 0.19% 0.05%
EQT Corp 0.19% 0.05%
Jabil Inc 0.38% 0.05%
Steel Dynamics Inc 0.19% 0.04%
Williams-Sonoma Inc 0.34% 0.04%
Atmos Energy Corp 0.34% 0.04%
Qnity Electronics Inc 0.17% 0.04%
Only in one fund ↓
Only in VB
SLCMT1142 1.31%
Natera Inc 0.72%
Twilio Inc 0.57%
Revolution Medicines Inc 0.53%
Okta Inc 0.44%
Credo Technology Group Holding Ltd 0.42%
TechnipFMC PLC 0.34%
nVent Electric PLC 0.33%
Only in VOO
NVIDIA Corp 8.40%
Apple Inc 7.39%
Microsoft Corp 5.79%
Amazon.com Inc 3.72%
Alphabet Inc 3.07%
Broadcom Inc 2.54%
Alphabet Inc 2.46%
Meta Platforms Inc 2.43%
Check overlap with more funds →

Side by side

VB Vanguard Morningstar Small-Cap ETF VOO Vanguard S&P 500 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Small-Cap Tracks the S&P 500
Total return, 1 year +14.4% +13.7%
Its benchmark over the same days not measured +13.7% (IVV)
Gap to its benchmark not measured 0.0 pts vs IVV
Expense ratio 0.03% 0.03%
Already in the S&P 500 21.6% 99.7%
Holdings 1303 507
Net assets, as of Sep 30, 2026 $76.9bn $1.0tn

VB and VOO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-59C55B3FEE

VB and VOO do different jobs. What does each one do in a portfolio?

  1. What each follows. VB follows Morningstar US Small Cap Index and VOO follows S&P 500 Index.
  2. Holdings in common. 3% of the weight is in the same securities (holdings dated Sep 30, 2026).
  3. Size. VB has $76.9bn in net assets and VOO $1.0tn (net assets, as of Sep 30, 2026); VOO is 13.0 times larger.

Data as of Oct 28, 2026.

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About each fund
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.

VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, VB or VOO?
In the year to Oct 28, 2026, with distributions reinvested, VB returned +14.4% and VOO +13.7%.
Which is cheaper, VB or VOO?
Neither: VB and VOO both charge 0.03% a year. Fees come from each fund's prospectus.
How much do VB and VOO overlap with the S&P 500?
By their latest filed holdings, 22% of VB and 100% of VOO by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, VB against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vb-vs-voo

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