NAESX vs. VB
Compare and contrast key facts about Vanguard Small Cap Index Fund (NAESX) and Vanguard Small-Cap ETF (VB).
NAESX is managed by Vanguard. It was launched on Oct 3, 1960. VB is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap. It was launched on Jan 26, 2004.
Performance
NAESX vs. VB - Performance Comparison
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NAESX vs. VB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAESX Vanguard Small Cap Index Fund | -1.24% | 8.71% | 12.83% | 19.35% | -17.71% | 17.60% | 18.92% | 27.22% | -9.44% | 16.10% |
VB Vanguard Small-Cap ETF | 1.92% | 8.87% | 14.17% | 18.22% | -17.51% | 17.57% | 19.19% | 27.34% | -9.34% | 16.26% |
Returns By Period
In the year-to-date period, NAESX achieves a -1.24% return, which is significantly lower than VB's 1.92% return. Both investments have delivered pretty close results over the past 10 years, with NAESX having a 10.02% annualized return and VB not far ahead at 10.51%.
NAESX
- 1D
- -0.98%
- 1M
- -8.10%
- YTD
- -1.24%
- 6M
- 0.53%
- 1Y
- 15.94%
- 3Y*
- 11.71%
- 5Y*
- 4.89%
- 10Y*
- 10.02%
VB
- 1D
- 3.18%
- 1M
- -5.13%
- YTD
- 1.92%
- 6M
- 3.76%
- 1Y
- 19.75%
- 3Y*
- 13.04%
- 5Y*
- 5.35%
- 10Y*
- 10.51%
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NAESX vs. VB - Expense Ratio Comparison
NAESX has a 0.17% expense ratio, which is higher than VB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
NAESX vs. VB — Risk / Return Rank
NAESX
VB
NAESX vs. VB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small Cap Index Fund (NAESX) and Vanguard Small-Cap ETF (VB). 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.
| NAESX | VB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.91 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.18 | 1.41 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.39 | -0.43 |
Martin ratioReturn relative to average drawdown | 4.15 | 5.97 | -1.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NAESX | VB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.91 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.26 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.49 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.42 | 0.00 |
Correlation
The correlation between NAESX and VB is 0.99, 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
NAESX vs. VB - Dividend Comparison
NAESX's dividend yield for the trailing twelve months is around 1.25%, less than VB's 1.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAESX Vanguard Small Cap Index Fund | 1.25% | 1.22% | 1.19% | 1.43% | 1.41% | 1.12% | 1.05% | 1.27% | 1.53% | 1.24% | 1.39% | 1.35% |
VB Vanguard Small-Cap ETF | 1.34% | 1.33% | 1.30% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% |
Drawdowns
NAESX vs. VB - Drawdown Comparison
The maximum NAESX drawdown since its inception was -59.77%, roughly equal to the maximum VB drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for NAESX and VB.
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Drawdown Indicators
| NAESX | VB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -59.56% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -14.29% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -28.15% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -41.82% | -42.05% | +0.23% |
Current DrawdownCurrent decline from peak | -8.98% | -6.08% | -2.90% |
Average DrawdownAverage peak-to-trough decline | -11.86% | -8.49% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.32% | -0.02% |
Volatility
NAESX vs. VB - Volatility Comparison
The current volatility for Vanguard Small Cap Index Fund (NAESX) is 5.90%, while Vanguard Small-Cap ETF (VB) has a volatility of 6.84%. This indicates that NAESX experiences smaller price fluctuations and is considered to be less risky than VB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAESX | VB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 6.84% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 12.22% | 12.60% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 21.86% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 20.78% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 21.40% | +0.16% |