VB vs. VTI

Last updated Aug 4, 2026

VB (Vanguard Small-Cap ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - VB is a Small Cap Blend Equities fund tracking the CRSP US Small Cap Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, VB returned 11.04%/yr vs 14.66%/yr for VTI. Their correlation of 0.92 means they have usually moved in the same direction. Both charge a 0.03% expense ratio.

Performance

VB vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Small-Cap ETF (VB) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VB achieves a 16.95% return, which is significantly higher than VTI's 12.18% return. Over the past 10 years, VB has underperformed VTI with an annualized return of 11.04%, while VTI has yielded a comparatively higher 14.66% annualized return.

VB

• 1D: 1.52%
• 1M: -0.23%
• 6M: 11.01%
• YTD: 16.95%
• 1Y: 27.83%
• 3Y*: 15.29%
• 5Y*: 7.95%
• 10Y*: 11.04%
• ALL TIME*: 9.95%

VTI

• 1D: 1.53%
• 1M: 1.38%
• 6M: 9.81%
• YTD: 12.18%
• 1Y: 23.70%
• 3Y*: 20.38%
• 5Y*: 12.06%
• 10Y*: 14.66%
• ALL TIME*: 9.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VB Vanguard Small-Cap ETF	$124.44M	$120.08M	$165.69M
VTI Vanguard Total Stock Market ETF	$1.08B	$1.16B	$1.24B

VB vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VB Vanguard Small-Cap ETF	16.95%	8.87%	14.17%	18.22%	-17.51%	17.57%	19.19%	27.34%	-9.34%	16.26%
VTI Vanguard Total Stock Market ETF	12.18%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between VB and VTI is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.92

The correlation between VB and VTI has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

VB vs. VTI - Sectors Allocation Comparison

Sectors	VB	VTI
Industrials	19.9%	10.2%
Technology	17.9%	36.1%
Healthcare	12.5%	9.7%
Financial Services	12.4%	11.8%
Consumer Cyclical	11.6%	9.4%
Real Estate	7.9%	2.3%
Basic Materials	4.4%	1.9%
Energy	3.9%	3.2%
Consumer Defensive	3.3%	4.3%
Utilities	3.3%	2.2%
Communication Services	2.9%	9.1%

Return for Risk

VB vs. VTI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VB

VB Risk / Return Rank: 77
VB Sharpe Ratio Rank: 74
VB Sortino Ratio Rank: 75
VB Omega Ratio Rank: 70
VB Calmar Ratio Rank: 83
VB Martin Ratio Rank: 83

VTI

VTI Risk / Return Rank: 78
VTI Sharpe Ratio Rank: 79
VTI Sortino Ratio Rank: 77
VTI Omega Ratio Rank: 77
VTI Calmar Ratio Rank: 75
VTI Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VB vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap ETF (VB) and Vanguard Total Stock Market ETF (VTI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VB	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.82	-0.12
Sortino ratio: Return per unit of downside risk	2.45	2.52	-0.06
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio: Return relative to maximum drawdown	3.11	2.67	+0.44
Martin ratio: Return relative to average drawdown	11.36	11.50	-0.15

VB vs. VTI - Sharpe Ratio Comparison

The current VB Sharpe Ratio is 1.70, which is comparable to the VTI Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of VB and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VB vs. VTI - Drawdown Comparison

The maximum VB drawdown since its inception was -59.56%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VB and VTI.

Drawdown Indicators

	VB	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-59.56%	-55.45%	-4.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.98%	-8.92%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-25.36%	-19.30%	-6.06%
Max Drawdown (5Y) Largest decline over 5 years	-28.15%	-25.36%	-2.79%
Max Drawdown (10Y) Largest decline over 10 years	-42.05%	-35.00%	-7.05%
Current Drawdown Current decline from peak	-1.15%	0.00%	-1.15%
Average Drawdown Average peak-to-trough decline	-8.39%	-7.98%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	2.07%	+0.39%

Volatility

VB vs. VTI - Volatility Comparison

Vanguard Small-Cap ETF (VB) and Vanguard Total Stock Market ETF (VTI) have volatilities of 3.71% and 3.78%, 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.

Volatility by Period

	VB	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	3.78%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	12.04%	10.33%	+1.71%
Volatility (1Y) Calculated over the trailing 1-year period	16.44%	13.08%	+3.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	17.53%	+3.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.38%	18.31%	+3.07%

VB vs. VTI - Expense Ratio Comparison

Both VB and VTI have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VB vs. VTI - Dividend Comparison

VB's dividend yield for the trailing twelve months is around 1.20%, more than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VB Vanguard Small-Cap ETF	1.20%	1.33%	1.30%	1.55%	1.59%	1.24%	1.14%	1.39%	1.67%	1.35%	1.50%	1.48%
VTI Vanguard Total Stock Market ETF	1.04%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both VB and VTI in my portfolio?

VB and VTI have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VB or VTI?

VTI has higher volatility (3.78%) compared to VB (3.71%). In terms of maximum drawdown, VB dropped -59.56% vs VTI's -55.45%.

Which ETF is better, VB or VTI?

On 10-year performance, VTI leads with 14.66% vs 11.04% for VB. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VB or VTI?

Over the 10-year period, VTI has performed better with a 14.66% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VB or VTI?

VB and VTI have the same expense ratio: 0.03% per year.

Which ETF pays a higher dividend yield, VB or VTI?

VB has the higher dividend yield at 1.20%, compared with 1.04% for VTI.

What is the main difference between VB and VTI?

VB is categorized as Small Cap Blend Equities, while VTI is Large Cap Blend Equities. VB tracks CRSP US Small Cap Index, while VTI tracks CRSP US Total Market Index.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.82 vs 1.70), 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.