VOE vs. VBR
Compare and contrast key facts about Vanguard Mid-Cap Value ETF (VOE) and Vanguard Small-Cap Value ETF (VBR).
VOE and VBR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. 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. Both VOE and VBR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOE or VBR.
Key characteristics
| VOE | VBR | |
|---|---|---|
| YTD Return | 3.06% | 0.79% |
| 1Y Return | 14.81% | 19.82% |
| 3Y Return (Ann) | 4.10% | 3.73% |
| 5Y Return (Ann) | 8.36% | 8.28% |
| 10Y Return (Ann) | 8.38% | 8.31% |
| Sharpe Ratio | 1.01 | 1.03 |
| Daily Std Dev | 12.94% | 17.04% |
| Max Drawdown | -61.55% | -62.01% |
| Current Drawdown | -4.60% | -5.94% |
Correlation
The correlation between VOE and VBR is 0.95, 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.
Performance
VOE vs. VBR - Performance Comparison
In the year-to-date period, VOE achieves a 3.06% return, which is significantly higher than VBR's 0.79% return. Both investments have delivered pretty close results over the past 10 years, with VOE having a 8.38% annualized return and VBR not far behind at 8.31%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VOE vs. VBR - Expense Ratio Comparison
Both VOE and VBR have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VOE vs. VBR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value ETF (VOE) 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
VOE vs. VBR - Dividend Comparison
VOE's dividend yield for the trailing twelve months is around 2.24%, more than VBR's 2.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOE Vanguard Mid-Cap Value ETF | 2.24% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
VBR Vanguard Small-Cap Value ETF | 2.14% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% | 1.77% | 1.87% |
Drawdowns
VOE vs. VBR - Drawdown Comparison
The maximum VOE drawdown since its inception was -61.55%, roughly equal to the maximum VBR drawdown of -62.01%. Use the drawdown chart below to compare losses from any high point for VOE and VBR. For additional features, visit the drawdowns tool.
Volatility
VOE vs. VBR - Volatility Comparison
The current volatility for Vanguard Mid-Cap Value ETF (VOE) is 3.47%, while Vanguard Small-Cap Value ETF (VBR) has a volatility of 4.27%. This indicates that VOE experiences smaller price fluctuations and is considered to be less risky than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.