EBIT vs. VBR

Last updated Jun 5, 2026

EBIT (Harbor AlphaEdge Small Cap Earners ETF) and VBR (Vanguard Small-Cap Value ETF) are both Small Cap Value Equities funds - EBIT tracks the Harbor AlphaEdge Small Cap Earners Index while VBR tracks the CRSP US Small Cap Value Index. Both are passively managed. Over the past year, EBIT returned 29.56% vs 27.37% for VBR. With a 0.95 correlation, they move nearly in lockstep. EBIT charges 0.29%/yr vs 0.05%/yr for VBR.

Performance

EBIT vs. VBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor AlphaEdge Small Cap Earners ETF (EBIT) and Vanguard Small-Cap Value ETF (VBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBIT achieves a 13.93% return, which is significantly higher than VBR's 12.51% return.

EBIT

• 1D: 1.64%
• 1M: 0.55%
• YTD: 13.93%
• 6M: 12.68%
• 1Y: 29.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VBR

• 1D: 0.76%
• 1M: 2.07%
• YTD: 12.51%
• 6M: 12.70%
• 1Y: 27.37%
• 3Y*: 17.22%
• 5Y*: 8.12%
• 10Y*: 10.49%

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

EBIT vs. VBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	13.93%	6.85%	8.29%
VBR Vanguard Small-Cap Value ETF	12.51%	9.09%	9.74%

Correlation

The correlation between EBIT and VBR is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.95

The correlation between EBIT and VBR has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

EBIT vs. VBR - Sectors Allocation Comparison

Sectors	EBIT	VBR
Financial Services	25.5%	17.6%
Consumer Cyclical	14.4%	12.4%
Industrials	13.3%	18.1%
Energy	11.7%	5.2%
Technology	7.7%	10.6%
Real Estate	7.2%	10.1%
Healthcare	4.2%	7.9%
Communication Services	3.7%	2.5%
Basic Materials	3.6%	6.3%
Utilities	3.4%	4.8%
Consumer Defensive	3.2%	4.0%

Return for Risk

EBIT vs. VBR — Risk / Return Rank

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

EBIT

EBIT Risk / Return Rank: 58
EBIT Sharpe Ratio Rank: 51
EBIT Sortino Ratio Rank: 55
EBIT Omega Ratio Rank: 51
EBIT Calmar Ratio Rank: 73
EBIT Martin Ratio Rank: 59

VBR

VBR Risk / Return Rank: 58
VBR Sharpe Ratio Rank: 54
VBR Sortino Ratio Rank: 57
VBR Omega Ratio Rank: 52
VBR Calmar Ratio Rank: 63
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.

EBIT vs. VBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Small Cap Earners ETF (EBIT) 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.

	EBIT	VBR	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.82	-0.08
Sortino ratio: Return per unit of downside risk	2.59	2.66	-0.07
Omega ratio: Gain probability vs. loss probability	1.31	1.32	-0.01
Calmar ratio: Return relative to maximum drawdown	3.56	3.11	+0.45
Martin ratio: Return relative to average drawdown	10.21	10.96	-0.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBIT vs. VBR - Sharpe Ratio Comparison

The current EBIT Sharpe Ratio is 1.73, which is comparable to the VBR Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of EBIT and VBR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EBIT	VBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	1.82	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.42	+0.32

Drawdowns

EBIT vs. VBR - Drawdown Comparison

The maximum EBIT drawdown since its inception was -26.64%, smaller than the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for EBIT and VBR.

Drawdown Indicators

	EBIT	VBR	Difference
Max Drawdown Largest peak-to-trough decline	-26.64%	-61.98%	+35.34%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.85%	+0.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.28%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.54%	-8.27%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.50%	+0.40%

Volatility

EBIT vs. VBR - Volatility Comparison

Harbor AlphaEdge Small Cap Earners ETF (EBIT) has a higher volatility of 4.09% compared to Vanguard Small-Cap Value ETF (VBR) at 3.89%. This indicates that EBIT's price experiences larger fluctuations and is considered to be riskier than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBIT	VBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	3.89%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	10.47%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	17.13%	15.14%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	19.77%	+1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.25%	21.73%	-0.48%

EBIT vs. VBR - Expense Ratio Comparison

EBIT has a 0.29% expense ratio, which is higher than VBR's 0.05% expense ratio.

Dividends

EBIT vs. VBR - Dividend Comparison

EBIT's dividend yield for the trailing twelve months is around 1.75%, which matches VBR's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EBIT Harbor AlphaEdge Small Cap Earners ETF	1.75%	2.00%	2.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VBR Vanguard Small-Cap Value ETF	1.75%	1.95%	1.98%	2.12%	2.03%	1.75%	1.68%	2.06%	2.35%	1.79%	1.77%	1.99%

Frequently Asked Questions

Can I hold both EBIT and VBR in my portfolio?

With a correlation of 0.94, EBIT and VBR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EBIT or VBR?

EBIT has higher volatility (4.09%) compared to VBR (3.89%). In terms of maximum drawdown, EBIT dropped -26.64% vs VBR's -61.98%.

Which ETF is better, EBIT or VBR?

On 1-year performance, EBIT leads with 29.56% vs 27.37% for VBR. On fees, VBR is cheaper at 0.05% per year. On volatility, VBR has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIT or VBR?

Over the 1-year period, EBIT has performed better with a 29.56% return vs 27.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIT or VBR?

VBR is cheaper with a 0.05% expense ratio, compared with 0.29% for EBIT.

Which ETF pays a higher dividend yield, EBIT or VBR?

EBIT and VBR have nearly identical dividend yields, around 1.75%.

What is the main difference between EBIT and VBR?

EBIT tracks Harbor AlphaEdge Small Cap Earners Index, while VBR tracks CRSP US Small Cap Value Index. They also come from different issuers: Harbor and Vanguard. Their fees differ too: 0.29% for EBIT and 0.05% for VBR.

Which has better risk-adjusted returns?

VBR currently has the higher Sharpe Ratio (1.82 vs 1.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.