- ISIN
- US9229086114
- CUSIP
- 922908611
- Issuer
- Vanguard
- Inception Date
- Jan 26, 2004
- Region
- North America (U.S.)
- Category
- Small Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- CRSP US Small Cap Value Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $66B
Share Price Chart
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Performance
VBR Performance Chart
Vanguard Small-Cap Value ETF (VBR) is up 13.4% since the beginning of the year. VBR is currently trading at $239 per share. Investors who bought $1,000 worth of VBR shares 5 years ago would now be looking at an investment worth $1,528.
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Returns By Period
Vanguard Small-Cap Value ETF (VBR) has returned 13.42% so far this year and 27.72% over the past 12 months. Over the last ten years, VBR has returned 11.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard Small-Cap Value ETF
- 1D
- 0.18%
- 1M
- 2.65%
- YTD
- 13.42%
- 6M
- 11.41%
- 1Y
- 27.72%
- 3Y*
- 16.95%
- 5Y*
- 8.85%
- 10Y*
- 11.02%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VBR Monthly Returns History
Based on dividend-adjusted daily data since Jan 30, 2004, VBR's average daily return is +0.05%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +19.6%, while the worst month was Mar 2020 at -25.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VBR closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -13.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.34% | 3.05% | -4.96% | 6.98% | 1.04% | 1.70% | 13.42% | ||||||
| 2025 | 3.60% | -3.67% | -5.20% | -3.39% | 5.00% | 3.67% | 1.67% | 5.31% | 0.40% | -1.05% | 2.50% | 0.55% | 9.09% |
| 2024 | -2.49% | 4.05% | 5.62% | -6.00% | 4.18% | -2.32% | 8.66% | 0.06% | 1.62% | -0.99% | 8.75% | -7.83% | 12.40% |
| 2023 | 9.07% | -2.26% | -5.67% | -0.96% | -3.42% | 9.52% | 5.44% | -3.41% | -4.81% | -4.84% | 8.66% | 9.84% | 16.00% |
| 2022 | -4.41% | 1.63% | 1.62% | -6.34% | 1.86% | -10.32% | 9.83% | -2.75% | -9.93% | 12.00% | 5.56% | -5.68% | -9.38% |
| 2021 | 2.04% | 8.79% | 5.32% | 4.01% | 2.24% | -1.01% | -1.65% | 2.08% | -2.55% | 4.56% | -3.02% | 4.91% | 28.08% |
Benchmark Metrics
Vanguard Small-Cap Value ETF has an annualized alpha of 0.63%, beta of 1.09, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since January 30, 2004.
- This ETF captured 116.04% of S&P 500 Index gains and 111.96% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.09 and R2 of 0.81, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.63%
- Beta
- 1.09
- R²
- 0.81
- Upside Capture
- 116.04%
- Downside Capture
- 111.96%
Expense Ratio
VBR has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
VBR ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Small-Cap Value ETF (VBR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VBR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.78 | +0.36 |
| Martin ratioReturn relative to average drawdown | 11.11 | 12.44 | -1.33 |
Dividends
Dividend History
Vanguard Small-Cap Value ETF provided a 1.73% dividend yield over the last twelve months, with an annual payout of $4.14 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.14 | $4.14 | $3.92 | $3.81 | $3.23 | $3.13 | $2.39 | $2.82 | $2.68 | $2.38 | $2.14 | $1.96 |
Dividend yield | 1.73% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Small-Cap Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $1.24 | $0.00 | $0.00 | $0.00 | $1.24 | ||||||
| 2025 | $0.00 | $0.00 | $1.24 | $0.00 | $0.00 | $0.91 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $1.06 | $4.14 |
| 2024 | $0.00 | $0.00 | $0.94 | $0.00 | $0.00 | $1.02 | $0.00 | $0.00 | $0.87 | $0.00 | $0.00 | $1.09 | $3.92 |
| 2023 | $0.00 | $0.00 | $0.89 | $0.00 | $0.00 | $0.89 | $0.00 | $0.00 | $0.88 | $0.00 | $0.00 | $1.15 | $3.81 |
| 2022 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $1.12 | $3.23 |
| 2021 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $1.18 | $3.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Small-Cap Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard Small-Cap Value ETF was 61.98%, occurring on Mar 9, 2009. Recovery took 489 trading sessions.
The current Vanguard Small-Cap Value ETF drawdown is 1.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.98%Mar 2009 | 1y 9mo | 1y 11mo | 3y 8moJun 2007 - Feb 2011 |
COVID crash2020 | -45.28%Mar 2020 | 2mo 6d | 8mo 6d | 10mo 12dJan 2020 - Nov 2020 |
2011 bear market2011 | -27.93%Oct 2011 | 5mo 4d | 11mo 9d | 1y 4moMay 2011 - Sep 2012 |
2025 selloff2025 | -24.19%Apr 2025 | 4mo 13d | 8mo 6d | 1y 14dNov 2024 - Dec 2025 |
Rate-hike selloffLate 2018 | -23.50%Dec 2018 | 3mo 26d | 1y 23d | 1y 4moAug 2018 - Jan 2020 |
Drawdown Indicators
| VBR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.98% | -56.78% | -5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -9.10% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.19% | -18.90% | -5.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -25.43% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -45.28% | -33.92% | -11.36% |
Current DrawdownCurrent decline from peak | -1.03% | -1.80% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -10.71% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.03% | +0.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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