Data as of Oct 28, 2026.

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VBR vs VGSH: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VBR returned +17.6% to VGSH's +1.7%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $35.1bn for Vanguard Morningstar Small-Cap Value ETF and $35.1bn for Vanguard Short-Term Treasury ETF.

At a glance
+17.6%
VBR total return, 1 year
+1.7%
VGSH total return, 1 year
0.05%
VBR expense ratio
0.03%
VGSH expense ratio

Pair scorecard

VGSH costs 0.02 points a year less; their one-year returns differ by 15.9 points.

VBR vs VGSH: Differences, Returns & Fees
MeasureVBRVGSH
Return
Total return, 1 year+17.6%+1.7%
Drawdown
Below its high3.9%, high on Aug 14, 2026
Benchmark
What it tracksMorningstar US Small Cap Value IndexBloomberg U.S. Treasury 1-3 Year Index
Cost and size
Expense ratio0.05%0.03%
Net assets, as of Sep 30, 2026$35.1bn$35.1bn
Holdings
Holdings in common0%
In the S&P 500, by weight30%
Top ten holdings, share of the fund5.9%

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

What they share

0%

By the books each fund has filed, VBR and VGSH hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VBR VGSH
MKTLIQ 0.10% 0.20%
Only in one fund ↓
Only in VBR
Moderna Inc 0.79%
Jabil Inc 0.68%
SLCMT1142 0.62%
Williams-Sonoma Inc 0.61%
Atmos Energy Corp 0.60%
F5 Inc 0.57%
Smurfit Westrock PLC 0.53%
Tapestry Inc 0.52%
Only in VGSH
United States Treasury Note/Bond 2.07%
United States Treasury Note/Bond 1.43%
United States Treasury Note/Bond 1.39%
United States Treasury Note/Bond 1.37%
United States Treasury Note/Bond 1.35%
United States Treasury Note/Bond 1.34%
United States Treasury Note/Bond 1.33%
United States Treasury Note/Bond 1.33%
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Side by side

VBR Vanguard Morningstar Small-Cap Value ETF VGSH Vanguard Short-Term Treasury ETF
Where it sits Stock ETF Bond ETF
What it is Tracks an index of Small-Cap Value Tracks an index of Short-Term Treasury
Total return, 1 year +17.6% +1.7%
Its benchmark over the same days not measured +1.8% (SCHO)
Gap to its benchmark not measured −0.1 pts vs SCHO
Expense ratio 0.05% 0.03%
Holdings 822 93
Net assets, as of Sep 30, 2026 $35.1bn $35.1bn

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

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About each fund
VBR

VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.

VGSH

VGSH tracks an index of Short-Term Treasury. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the Bloomberg U.S. Treasury 1-3 Year Index. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, VBR or VGSH?
In the year to Oct 28, 2026, with distributions reinvested, VBR returned +17.6% and VGSH +1.7%.
Which is cheaper, VBR or VGSH?
VGSH 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.
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ETFIQ, VBR against VGSH, data as of Oct 28, 2026. https://etfiq.com/compare/any/vbr-vs-vgsh

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