NAESX vs. VBK
Compare and contrast key facts about Vanguard Small Cap Index Fund (NAESX) and Vanguard Small-Cap Growth ETF (VBK).
NAESX is managed by Vanguard. It was launched on Oct 3, 1960. 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
NAESX vs. VBK - Performance Comparison
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NAESX vs. VBK - 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% |
VBK Vanguard Small-Cap Growth ETF | 0.16% | 8.50% | 16.50% | 21.45% | -28.44% | 5.66% | 35.44% | 32.75% | -5.70% | 21.87% |
Returns By Period
In the year-to-date period, NAESX achieves a -1.24% return, which is significantly lower than VBK's 0.16% return. Both investments have delivered pretty close results over the past 10 years, with NAESX having a 10.02% annualized return and VBK not far ahead at 10.46%.
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%
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%
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NAESX vs. VBK - Expense Ratio Comparison
NAESX has a 0.17% expense ratio, which is higher than VBK's 0.07% 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. VBK — Risk / Return Rank
NAESX
VBK
NAESX vs. VBK - 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 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.
| NAESX | VBK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.85 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.18 | 1.34 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.38 | -0.42 |
Martin ratioReturn relative to average drawdown | 4.15 | 5.52 | -1.37 |
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 | VBK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.85 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.09 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.46 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.40 | +0.02 |
Correlation
The correlation between NAESX and VBK is 0.96, 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. VBK - Dividend Comparison
NAESX's dividend yield for the trailing twelve months is around 1.25%, more than VBK's 0.52% 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% |
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
NAESX vs. VBK - Drawdown Comparison
The maximum NAESX drawdown since its inception was -59.77%, roughly equal to the maximum VBK drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for NAESX and VBK.
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Drawdown Indicators
| NAESX | VBK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -58.68% | -1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -14.56% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -38.39% | +10.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.82% | -38.70% | -3.12% |
Current DrawdownCurrent decline from peak | -8.98% | -7.57% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -11.86% | -10.22% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.65% | -0.35% |
Volatility
NAESX vs. VBK - Volatility Comparison
The current volatility for Vanguard Small Cap Index Fund (NAESX) is 5.90%, while Vanguard Small-Cap Growth ETF (VBK) has a volatility of 8.73%. This indicates that NAESX experiences smaller price fluctuations and is considered to be less risky than VBK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAESX | VBK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 8.73% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.22% | 15.41% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 24.44% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 23.49% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 22.80% | -1.24% |