NAESX vs. VBR
Compare and contrast key facts about Vanguard Small Cap Index Fund (NAESX) and Vanguard Small-Cap Value ETF (VBR).
NAESX is managed by Vanguard. It was launched on Oct 3, 1960. VBR is a passively managed fund by Vanguard that tracks the performance of the MSCI US Small Cap Value Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAESX or VBR.
Performance
NAESX vs. VBR - Performance Comparison
Returns By Period
In the year-to-date period, NAESX achieves a 21.88% return, which is significantly higher than VBR's 20.72% return. Both investments have delivered pretty close results over the past 10 years, with NAESX having a 9.73% annualized return and VBR not far behind at 9.55%.
NAESX
21.88%
8.85%
16.50%
35.87%
11.49%
9.73%
VBR
20.72%
7.07%
15.59%
33.95%
12.38%
9.55%
Key characteristics
| NAESX | VBR | |
|---|---|---|
| Sharpe Ratio | 2.08 | 2.03 |
| Sortino Ratio | 2.89 | 2.87 |
| Omega Ratio | 1.36 | 1.36 |
| Calmar Ratio | 2.07 | 4.11 |
| Martin Ratio | 11.47 | 11.38 |
| Ulcer Index | 3.13% | 2.98% |
| Daily Std Dev | 17.21% | 16.69% |
| Max Drawdown | -59.77% | -62.01% |
| Current Drawdown | 0.00% | 0.00% |
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NAESX vs. VBR - Expense Ratio Comparison
NAESX has a 0.17% expense ratio, which is higher than VBR'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%.
Correlation
The correlation between NAESX and VBR is 0.97, 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.
Risk-Adjusted Performance
NAESX vs. VBR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small Cap Index Fund (NAESX) 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.
Dividends
NAESX vs. VBR - Dividend Comparison
NAESX's dividend yield for the trailing twelve months is around 1.18%, less than VBR's 1.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAESX Vanguard Small Cap Index Fund | 1.18% | 1.44% | 1.41% | 1.12% | 1.05% | 1.28% | 1.53% | 1.24% | 1.39% | 1.35% | 1.27% | 1.17% |
VBR Vanguard Small-Cap Value ETF | 1.86% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% | 1.77% | 1.87% |
Drawdowns
NAESX vs. VBR - Drawdown Comparison
The maximum NAESX drawdown since its inception was -59.77%, roughly equal to the maximum VBR drawdown of -62.01%. Use the drawdown chart below to compare losses from any high point for NAESX and VBR. For additional features, visit the drawdowns tool.
Volatility
NAESX vs. VBR - Volatility Comparison
Vanguard Small Cap Index Fund (NAESX) and Vanguard Small-Cap Value ETF (VBR) have volatilities of 5.75% and 5.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.