VBK vs. VB

Last updated Aug 2, 2026

VBK (Vanguard Small-Cap Growth ETF) and VB (Vanguard Small-Cap ETF) are both exchange-traded funds - VBK is a Small Cap Growth Equities fund tracking the CRSP US Small Cap Growth Index, while VB is a Small Cap Blend Equities fund tracking the CRSP US Small Cap Index. Both are passively managed. Over the past 10 years, VBK returned 10.90%/yr vs 11.08%/yr for VB. Their 0.96 correlation means they have historically moved very closely together. VBK charges 0.05%/yr vs 0.03%/yr for VB.

Performance

VBK vs. VB - Performance Comparison

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

Returns By Period

In the year-to-date period, VBK achieves a 12.94% return, which is significantly lower than VB's 15.19% return. Both investments have delivered pretty close results over the past 10 years, with VBK having a 10.90% annualized return and VB not far ahead at 11.08%.

VBK

• 1D: -0.27%
• 1M: -4.86%
• 6M: 9.06%
• YTD: 12.94%
• 1Y: 23.19%
• 3Y*: 13.33%
• 5Y*: 4.14%
• 10Y*: 10.90%
• ALL TIME*: 9.75%

VB

• 1D: -0.22%
• 1M: -1.73%
• 6M: 10.09%
• YTD: 15.19%
• 1Y: 25.91%
• 3Y*: 14.02%
• 5Y*: 7.45%
• 10Y*: 11.08%
• ALL TIME*: 9.88%

*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	$121.48M	$119.40M	$165.11M
VBK Vanguard Small-Cap Growth ETF	$67.40M	$71.27M	$83.02M

VBK vs. VB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VBK Vanguard Small-Cap Growth ETF	12.94%	8.50%	16.50%	21.45%	-28.44%	5.66%	35.44%	32.75%	-5.70%	21.87%
VB Vanguard Small-Cap ETF	15.19%	8.87%	14.17%	18.22%	-17.51%	17.57%	19.19%	27.34%	-9.34%	16.26%

Correlation

The correlation between VBK and VB is 0.94, 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.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.96

The correlation between VBK and VB has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

VBK vs. VB - Sectors Allocation Comparison

Sectors	VBK	VB
Technology	27.1%	17.9%
Industrials	23.4%	19.9%
Healthcare	17.9%	12.5%
Consumer Cyclical	8.9%	11.6%
Financial Services	5.7%	12.4%
Real Estate	3.7%	7.9%
Communication Services	3.6%	2.9%
Energy	3.4%	3.9%
Basic Materials	3.1%	4.4%
Consumer Defensive	2.0%	3.3%
Utilities	1.1%	3.3%

Return for Risk

VBK vs. VB — Risk / Return Rank

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

VBK

VBK Risk / Return Rank: 46
VBK Sharpe Ratio Rank: 42
VBK Sortino Ratio Rank: 42
VBK Omega Ratio Rank: 39
VBK Calmar Ratio Rank: 53
VBK Martin Ratio Rank: 54

VB

VB Risk / Return Rank: 69
VB Sharpe Ratio Rank: 63
VB Sortino Ratio Rank: 65
VB Omega Ratio Rank: 60
VB Calmar Ratio Rank: 76
VB Martin Ratio Rank: 78

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.

VBK vs. VB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Growth ETF (VBK) 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.

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.

	VBK	VB	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.46	-0.41
Sortino ratio: Return per unit of downside risk	1.55	2.13	-0.58
Omega ratio: Gain probability vs. loss probability	1.18	1.26	-0.07
Calmar ratio: Return relative to maximum drawdown	1.86	2.67	-0.81
Martin ratio: Return relative to average drawdown	6.29	9.73	-3.44

VBK vs. VB - Sharpe Ratio Comparison

The current VBK Sharpe Ratio is 1.04, which is comparable to the VB Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of VBK and VB, 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

VBK vs. VB - Drawdown Comparison

The maximum VBK drawdown since its inception was -58.68%, roughly equal to the maximum VB drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for VBK and VB.

Drawdown Indicators

	VBK	VB	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-59.56%	+0.88%
Max Drawdown (1Y) Largest decline over 1 year	-11.44%	-8.98%	-2.46%
Max Drawdown (3Y) Largest decline over 3 years	-27.54%	-25.36%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	-38.39%	-28.15%	-10.24%
Max Drawdown (10Y) Largest decline over 10 years	-38.70%	-42.05%	+3.35%
Current Drawdown Current decline from peak	-6.90%	-2.63%	-4.27%
Average Drawdown Average peak-to-trough decline	-10.10%	-8.39%	-1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.46%	+0.91%

Volatility

VBK vs. VB - Volatility Comparison

Vanguard Small-Cap Growth ETF (VBK) has a higher volatility of 5.16% compared to Vanguard Small-Cap ETF (VB) at 3.36%. This indicates that VBK's price experiences larger fluctuations and is considered to be riskier than VB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBK	VB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	3.36%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	15.93%	12.01%	+3.92%
Volatility (1Y) Calculated over the trailing 1-year period	20.39%	16.47%	+3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.65%	20.69%	+2.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	21.37%	+1.54%

VBK vs. VB - Expense Ratio Comparison

VBK has a 0.05% expense ratio, which is higher than VB's 0.03% 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%.

Dividends

VBK vs. VB - Dividend Comparison

VBK's dividend yield for the trailing twelve months is around 0.45%, less than VB's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VB Vanguard Small-Cap ETF	1.22%	1.33%	1.30%	1.55%	1.59%	1.24%	1.14%	1.39%	1.67%	1.35%	1.50%	1.48%
VBK Vanguard Small-Cap Growth ETF	0.45%	0.54%	0.54%	0.68%	0.55%	0.36%	0.44%	0.57%	0.79%	0.82%	1.08%	0.98%

Frequently Asked Questions

Can I hold both VBK and VB in my portfolio?

With a correlation of 0.94, VBK and VB 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, VBK or VB?

VBK has higher volatility (5.16%) compared to VB (3.36%). In terms of maximum drawdown, VBK dropped -58.68% vs VB's -59.56%.

Which ETF is better, VBK or VB?

On 10-year performance, VB leads with 11.08% vs 10.90% for VBK. On fees, VB is cheaper at 0.03% per year. On volatility, VB has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VBK or VB?

Over the 10-year period, VB has performed better with a 11.08% return vs 10.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VBK or VB?

VB is cheaper with a 0.03% expense ratio, compared with 0.05% for VBK.

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

VB has the higher dividend yield at 1.22%, compared with 0.45% for VBK.

What is the main difference between VBK and VB?

VBK is categorized as Small Cap Growth Equities, while VB is Small Cap Blend Equities. VBK tracks CRSP US Small Cap Growth Index, while VB tracks CRSP US Small Cap Index. Their fees differ too: 0.05% for VBK and 0.03% for VB.

Which has better risk-adjusted returns?

VB currently has the higher Sharpe Ratio (1.46 vs 1.04), 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.