VB vs XLF

Quick Verdict

VB has a lower expense ratio. VB delivered stronger 1-year returns. VB offers more diversification with 1112 holdings.

Lower Fees: VBHigher Returns: VBMore Diversified: VB

Side-by-Side Comparison

MetricVBXLFWinner
Expense Ratio0.03%0.08%
AUM$81.5B$56.2B
Dividend Yield1.48%1.51%
Holdings1,32480
YTD Return+17.82%+5.77%
1Y Return+29.09%+13.87%
3Y Return (annualized)+16.24%+19.87%
5Y Return (annualized)+8.18%+10.61%
Volatility (annualized)18.9%21.4%
Max Drawdown-61.0%-83.8%
Fund FamilyVanguard (US)SPDR State Street Global Advisors
CategoryEquityEquity
InceptionJan 26, 2004Dec 16, 1998

VB vs XLF Performance

Vanguard Small Cap ETF (VB) is a ETF from Vanguard (US) and State Street Financial Select Sector SPDR ETF (XLF) is a ETF from SPDR State Street Global Advisors. Over the past year VB returned +29.09% while XLF returned +13.87%. Year to date, VB is up 17.82% versus a gain of 5.77% for XLF.

Over three years, VB compounded at +16.24% per year against +19.87% for XLF; over five years the annualized figures are +8.18% and +10.61% respectively. Across the full 23-year window we track, VB has the edge at +8.86% annualized vs +3.69%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

XLF has been the more volatile fund, with annualized monthly volatility of 21.4% compared with 18.9% for VB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -61.0% for VB and -83.8% for XLF. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

VB charges 0.03% per year while XLF charges 0.08%. On a $10,000 position that is $3 vs $8 annually, a gap of $5 per year that compounds over a long holding period. On income, VB currently yields 1.48% against 1.51% for XLF.

Holdings Overlap

1.1%overlap

VB and XLF share 8 holdings out of 1181 unique holdings combined, representing a 1.1% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in VBWeight in XLFDifference
EG0.18%0.19%0.01%
AIZ0.15%0.17%0.02%
GL0.15%0.17%0.02%
IVZProProPro
JKHYProProPro
BENProProPro
FDSProProPro
ERIEProProPro
See all 8 holdings VB shares with XLF
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, VB or XLF?

VB has an expense ratio of 0.03% while XLF charges 0.08%. VB is the cheaper option. On a $10,000 investment, that is $5 per year of difference.

Which performed better, VB or XLF?

Over the past year VB returned +29.09% vs +13.87% for XLF, so VB leads on 1-year performance. Over the longest common window we track (23 years), VB annualized +8.86% vs +3.69% for XLF. Past performance does not guarantee future results.

Which is riskier, VB or XLF?

XLF has been the more volatile fund at 21.4% annualized versus 18.9% for VB. Worst drawdown: VB -61.0% vs XLF -83.8%.

Should I hold both VB and XLF?

VB and XLF have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between VB and XLF?

VB and XLF share 8 common holdings with a 1.1% weight overlap. Combined, they hold 1181 unique securities.

Which pays a higher dividend, VB or XLF?

VB yields 1.48% while XLF yields 1.51%, so XLF currently pays the higher dividend yield.

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