AIRC vs. VBK

Last updated Apr 1, 2026

Compare and contrast key facts about Apartment Income REIT Corp. (AIRC) and Vanguard Small-Cap Growth ETF (VBK).

VBK is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap Growth Index. It was launched on Jan 26, 2004.

Performance

AIRC vs. VBK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Apartment Income REIT Corp. (AIRC) and Vanguard Small-Cap Growth ETF (VBK). The values are adjusted to include any dividend payments, if applicable.

AIRC vs. VBK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AIRC Apartment Income REIT Corp.	0.00%	0.00%	14.16%	6.70%	-34.60%	47.78%	1.21%
VBK Vanguard Small-Cap Growth ETF	0.16%	8.50%	16.50%	21.45%	-28.44%	5.66%	2.29%

Returns By Period

AIRC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VBK

• 1D: 4.37%
• 1M: -5.52%
• YTD: 0.16%
• 6M: 1.80%
• 1Y: 20.70%
• 3Y*: 12.47%
• 5Y*: 2.16%
• 10Y*: 10.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AIRC vs. VBK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VBK

VBK Risk / Return Rank: 55
VBK Sharpe Ratio Rank: 51
VBK Sortino Ratio Rank: 54
VBK Omega Ratio Rank: 49
VBK Calmar Ratio Rank: 60
VBK Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIRC vs. VBK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Apartment Income REIT Corp. (AIRC) and Vanguard Small-Cap Growth ETF (VBK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AIRC	VBK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.85	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.09	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.40	—

Correlation

The correlation between AIRC and VBK is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AIRC vs. VBK - Dividend Comparison

AIRC has not paid dividends to shareholders, while VBK's dividend yield for the trailing twelve months is around 0.52%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIRC Apartment Income REIT Corp.	0.00%	0.00%	1.15%	5.18%	5.25%	3.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VBK Vanguard Small-Cap Growth ETF	0.52%	0.54%	0.54%	0.68%	0.55%	0.36%	0.44%	0.57%	0.79%	0.82%	1.08%	0.98%

Drawdowns

Drawdown Indicators

	AIRC	VBK	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.68%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.70%	—
Current Drawdown Current decline from peak	—	-7.57%	—
Average Drawdown Average peak-to-trough decline	—	-10.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.65%	—

Volatility

Volatility by Period

	AIRC	VBK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.44%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.49%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.80%	—