Data as of Oct 28, 2026.
VB vs XSMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, VB returned +14.4% to XSMO's +11.8%; 4% of their weight is in the same names.
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Net assets: $76.9bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap ETF, and $2.8bn on Oct 27, 2026 for Invesco S&P SmallCap Momentum ETF.
Pair scorecard
VB costs 0.32 points a year less; their one-year returns differ by 2.6 points.
| Measure | VB | XSMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.4% | +11.8% |
| Drawdown | ||
| Below its high | 5.7%, high on Aug 14, 2026 | 12.5%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | Morningstar US Small Cap Index | S&P SmallCap 600 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.35% |
| Net assets, VB as of Sep 30, 2026 and XSMO as of Oct 27, 2026 | $76.9bn | $2.8bn |
| Holdings | ||
| Holdings in common | 4% | |
| Top ten holdings, share of the fund | 5.9% | 23.3% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Mar 11, 2005 to Oct 23, 2026 · 1,128 weekly returnsVB returned more: +616.8% to +498.9%. VB swung slightly less: 21.7% to 22.8%. XSMO fell slightly less at its worst: −57.2% to −58.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VB | XSMO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +616.8% | +498.9% | VB | Price change plus distributions, reinvested. |
| Annualized | +9.5% | +8.6% | VB (slight) | Total return as a yearly rate. |
| Price return | +423.7% | +431.8% | Tie | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.7% | 22.8% | VB (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.3% | 16.1% | VB (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −58.8% | −57.2% | XSMO (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.44 | 0.40 | VB | Return above Treasury bills per unit of volatility. |
| Sortino | 0.63 | 0.56 | VB | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.16 | 0.15 | VB (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,128 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VB and XSMO hold 4% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
4% in common
Only in one fund ↓
Side by side
VB and XSMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VB and XSMO 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 XSMO follows S&P SmallCap 600 Momentum Index.
- Holdings in common. 4% of the weight is in the same securities (holdings dated Sep 30, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VB returned +14.4% and XSMO +11.8% with distributions reinvested, a gap of 2.6 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.
XSMO
XSMO tracks an index. Over the year to Oct 28, 2026 it returned +11.8% with distributions reinvested. The prospectus expense ratio is 0.35% 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 116 positions, with the top ten at 23.3%. It sat 12.5% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VB or XSMO?
- In the year to Oct 28, 2026, with distributions reinvested, VB returned +14.4% and XSMO +11.8%.
- Which is cheaper, VB or XSMO?
- VB is cheaper, by 0.32 percentage points a year. That is about $32 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 XSMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vb-vs-xsmo
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