CSB vs. VBR

Last updated Apr 1, 2026

Compare and contrast key facts about VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) and Vanguard Small-Cap Value ETF (VBR).

CSB and VBR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSB is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index. It was launched on Jul 8, 2015. VBR is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap Value Index. It was launched on Jan 26, 2004. Both CSB and VBR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CSB vs. VBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) and Vanguard Small-Cap Value ETF (VBR). The values are adjusted to include any dividend payments, if applicable.

CSB vs. VBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF	6.03%	2.26%	9.64%	12.60%	-13.11%	27.04%	11.30%	21.12%	-7.10%	11.32%
VBR Vanguard Small-Cap Value ETF	3.17%	9.09%	12.40%	16.00%	-9.38%	28.08%	5.90%	22.78%	-12.28%	11.81%

Returns By Period

In the year-to-date period, CSB achieves a 6.03% return, which is significantly higher than VBR's 3.17% return. Both investments have delivered pretty close results over the past 10 years, with CSB having a 9.66% annualized return and VBR not far ahead at 10.10%.

CSB

• 1D: 1.09%
• 1M: -1.77%
• YTD: 6.03%
• 6M: 6.43%
• 1Y: 11.49%
• 3Y*: 9.80%
• 5Y*: 4.36%
• 10Y*: 9.66%

VBR

• 1D: 2.34%
• 1M: -4.96%
• YTD: 3.17%
• 6M: 5.21%
• 1Y: 18.95%
• 3Y*: 13.42%
• 5Y*: 7.55%
• 10Y*: 10.10%

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

CSB vs. VBR - Expense Ratio Comparison

CSB has a 0.35% expense ratio, which is higher than VBR's 0.07% expense ratio.

CSB

VictoryShares US Small Cap High Dividend Volatility Wtd ETF

VBR

Vanguard Small-Cap Value ETF

Return for Risk

CSB vs. VBR — Risk / Return Rank

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

CSB

CSB Risk / Return Rank: 34
CSB Sharpe Ratio Rank: 33
CSB Sortino Ratio Rank: 35
CSB Omega Ratio Rank: 33
CSB Calmar Ratio Rank: 34
CSB Martin Ratio Rank: 33

VBR

VBR Risk / Return Rank: 58
VBR Sharpe Ratio Rank: 55
VBR Sortino Ratio Rank: 58
VBR Omega Ratio Rank: 55
VBR Calmar Ratio Rank: 60
VBR Martin Ratio Rank: 62

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.

CSB vs. VBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) and Vanguard Small-Cap Value ETF (VBR). 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.

	CSB	VBR	Difference
Sharpe ratio Return per unit of total volatility	0.60	0.92	-0.32
Sortino ratio Return per unit of downside risk	0.97	1.42	-0.45
Omega ratio Gain probability vs. loss probability	1.13	1.19	-0.06
Calmar ratio Return relative to maximum drawdown	0.84	1.37	-0.53
Martin ratio Return relative to average drawdown	2.95	5.64	-2.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSB vs. VBR - Sharpe Ratio Comparison

The current CSB Sharpe Ratio is 0.60, which is lower than the VBR Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of CSB and VBR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CSB	VBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	0.92	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.38	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.47	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.40	+0.04

Correlation

The correlation between CSB and VBR is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CSB vs. VBR - Dividend Comparison

CSB's dividend yield for the trailing twelve months is around 3.40%, more than VBR's 1.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF	3.40%	3.54%	3.12%	3.45%	3.60%	3.11%	3.70%	3.19%	3.45%	3.19%	2.85%	1.57%
VBR Vanguard Small-Cap Value ETF	1.90%	1.95%	1.98%	2.12%	2.03%	1.75%	1.68%	2.06%	2.35%	1.79%	1.77%	1.99%

Drawdowns

CSB vs. VBR - Drawdown Comparison

The maximum CSB drawdown since its inception was -42.07%, smaller than the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for CSB and VBR.

Drawdown Indicators

	CSB	VBR	Difference
Max Drawdown Largest peak-to-trough decline	-42.07%	-61.98%	+19.91%
Max Drawdown (1Y) Largest decline over 1 year	-14.18%	-14.18%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-24.49%	-24.19%	-0.30%
Max Drawdown (10Y) Largest decline over 10 years	-42.07%	-45.28%	+3.21%
Current Drawdown Current decline from peak	-3.71%	-6.13%	+2.42%
Average Drawdown Average peak-to-trough decline	-7.23%	-8.32%	+1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	3.44%	+0.58%

Volatility

CSB vs. VBR - Volatility Comparison

The current volatility for VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) is 3.83%, while Vanguard Small-Cap Value ETF (VBR) has a volatility of 5.50%. This indicates that CSB experiences smaller price fluctuations and is considered to be less risky than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSB	VBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	5.50%	-1.67%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	11.28%	-1.25%
Volatility (1Y) Calculated over the trailing 1-year period	19.08%	20.64%	-1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.90%	19.85%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	21.73%	-0.41%