Data as of Oct 28, 2026.

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VBR vs VOO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VBR returned +17.6% to VOO's +13.7%; 2% 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 $1.0tn for Vanguard S&P 500 ETF.

At a glance
+17.6%
VBR total return, 1 year
+13.7%
VOO total return, 1 year
0.05%
VBR expense ratio
0.03%
VOO expense ratio

Pair scorecard

VOO costs 0.02 points a year less; their one-year returns differ by 3.9 points; VOO is far larger, $1.0tn against $35.1bn.

VBR vs VOO: Differences, Returns & Fees
MeasureVBRVOO
Return
Total return, 1 year+17.6%+13.7%
Drawdown
Below its high3.9%, high on Aug 14, 2026
Benchmark
What it tracksMorningstar US Small Cap Value IndexS&P 500 Index
Cost and size
Expense ratio0.05%0.03%
Net assets, as of Sep 30, 2026$35.1bn$1.0tn
Holdings
Holdings in common2%
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
VBR VOO
Return
Total return edge VOO +482.2% +804.0%
Annualized edge VOO +11.5% +14.6%
Price return edge VOO +314.1% +575.9%
Risk
Volatility edge VOO 20.1% 15.9%
Max drawdown edge VOO −43.3% −31.8%
Risk-adjusted
Sharpe edge VOO 0.57 0.84
Sortino edge VOO 0.81 1.22
Calmar edge VOO 0.27 0.46
Reading

VOO returned more: +804.0% to +482.2%. VOO swung less: 15.9% to 20.1%. VOO fell less at its worst: −31.8% to −43.3%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VBR vs VOO: Differences, Returns & Fees
MeasureVBRVOOEdgeHow it is measured
Return
Total return+482.2%+804.0%VOOPrice change plus distributions, reinvested.
Annualized+11.5%+14.6%VOOTotal return as a yearly rate.
Price return+314.1%+575.9%VOOPrice change alone, distributions left out.
Risk
Volatility20.1%15.9%VOOSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.0%10.9%VOOLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−43.3%−31.8%VOODeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.570.84VOOReturn above Treasury bills per unit of volatility.
Sortino0.811.22VOOReturn above Treasury bills per unit of downside deviation.
Calmar0.270.46VOOAnnualized 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

2%

By the books each fund has filed, VBR and VOO hold 2% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first VBR VOO
Moderna Inc 0.79% 0.11%
MKTLIQ 0.10% 0.05%
Centene Corp 0.35% 0.05%
EQT Corp 0.35% 0.05%
Jabil Inc 0.68% 0.05%
Steel Dynamics Inc 0.34% 0.04%
Williams-Sonoma Inc 0.61% 0.04%
Atmos Energy Corp 0.60% 0.04%
Qnity Electronics Inc 0.15% 0.04%
F5 Inc 0.57% 0.04%
Hubbell Inc 0.14% 0.04%
Smurfit Westrock PLC 0.53% 0.04%
Only in one fund ↓
Only in VBR
SLCMT1142 0.62%
Tenet Healthcare Corp 0.47%
US Foods Holding Corp 0.45%
Reliance Inc 0.45%
TD SYNNEX Corp 0.42%
WESCO International Inc 0.40%
East West Bancorp Inc 0.39%
HF Sinclair Corp 0.37%
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

VBR Vanguard Morningstar Small-Cap Value ETF VOO Vanguard S&P 500 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Small-Cap Value Tracks the S&P 500
Total return, 1 year +17.6% +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 0.05% 0.03%
Already in the S&P 500 30.4% 99.7%
Holdings 822 507
Net assets, as of Sep 30, 2026 $35.1bn $1.0tn

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

Client brief · page 1 of 2 Report BR-14E3FD62A1

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

  1. What each follows. VBR follows Morningstar US Small Cap Value Index and VOO follows S&P 500 Index.
  2. Holdings in common. 2% of the weight is in the same securities (holdings dated Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 VBR returned +17.6% and VOO +13.7% with distributions reinvested, a gap of 3.9 points.

Data as of Oct 28, 2026.

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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.

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. The prospectus expense ratio is 0.03% a year. 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, VBR or VOO?
In the year to Oct 28, 2026, with distributions reinvested, VBR returned +17.6% and VOO +13.7%.
Which is cheaper, VBR or VOO?
VOO 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.
How much do VBR and VOO overlap with the S&P 500?
By their latest filed holdings, 30% of VBR and 100% of VOO by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, VBR against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vbr-vs-voo

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