VBR vs VOO
Vanguard Morningstar Small-Cap Value ETF vs Vanguard S&P 500 ETF
Which is better, VBR or VOO?
Small Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VBR led over 1Y, VOO over 3Y, 5Y and the full window. VBR is less concentrated, with 5.9% of the fund in its ten largest positions against 37.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | VBR | VOO |
|---|---|---|
| Expense Ratio | 0.05% | 0.03%Best |
| AUM | $37.3B | $997.4B |
| Dividend Yield | 1.76% | 1.04% |
| Holdings | 847 | 509 |
| YTD Return | +12.53%Best | +11.01% |
| 1Y Return | +16.52%Best | +15.60% |
| 3Y Return (annualized) | +15.76% | +20.82%Best |
| 5Y Return (annualized) | +9.17% | +12.60%Best |
| Volatility (annualized) | 18.0% | 14.1%Best |
| Max Drawdown | -47.0% | -34.3%Best |
| $10,000 over 5 years | $15,507 | $18,101Best |
| Top 10 Weight | 5.9%Best | 37.6% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Jan 26, 2004 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 16, 2026 (16 years).
VBR vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
VBR vs VOO Performance
Vanguard Morningstar Small-Cap Value ETF (VBR) is an ETF from Vanguard (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year VBR returned +16.52% while VOO returned +15.60%. Year to date, VBR is up 12.53% versus a gain of 11.01% for VOO.
Over three years, VBR compounded at +15.76% per year against +20.82% for VOO; over five years the annualized figures are +9.17% and +12.60% respectively. Across the full 16-year window we track, VOO has the edge at +13.30% annualized vs +10.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VBR has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 14.1% for VOO. 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 -47.0% for VBR and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VBR charges 0.05% per year while VOO charges 0.03%. On a $10,000 position that is $5 vs $3 annually, a gap of $2 per year that compounds over a long holding period. On income, VBR currently yields 1.76% against 1.04% for VOO.
Holdings Overlap
29.1% of VBR's money is in holdings VOO also owns. 2.5% of VOO's money is in holdings VBR also owns.
VBR and VOO share little of their money.
100 positions in common, counted across the 836 positions we hold weights for in VBR and 494 in VOO, against full books of 847 and 509.
What only one of them owns
Our book lists 390 positions for VOO that do not appear in our book for VBR (96.7% of the fund), and 704 for VBR that do not appear in VOO (68.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in VBR | Weight in VOO | Difference |
|---|---|---|---|
| JBLJabil, Inc. | 0.87% | 0.05% | 0.82% |
| NRGNrg Energy | 0.66% | 0.04% | 0.62% |
| TPRTapestry Inc. | 0.63% | 0.05% | 0.58% |
| ATOAtmos Energy Corp | 0.61% | 0.04% | 0.57% |
| WSMWilliams-sonoma Inc | 0.59% | 0.04% | 0.55% |
| MRNAModerna therapeutics | 0.53% | 0.03% | 0.50% |
| SWR:IESmurfit Westrock Plc | 0.52% | 0.04% | 0.48% |
| FFIVF5 Networks Inc. | 0.50% | 0.04% | 0.46% |
| JBHTJb Hunt Transport Services Inc. | 0.47% | 0.03% | 0.44% |
| EXEExpand Energy Corp | 0.47% | 0.03% | 0.44% |
29.1% of VBR is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VBR or VOO?
VBR has an expense ratio of 0.05% while VOO charges 0.03%. VOO is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, VBR or VOO?
Over the past year VBR returned +16.52% vs +15.60% for VOO, so VBR leads on 1-year performance. Over the longest common window we track (16 years), VBR annualized +10.15% vs +13.30% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VBR or VOO?
VBR has been the more volatile fund at 18.0% annualized versus 14.1% for VOO. Worst drawdown: VBR -47.0% vs VOO -34.3%.
Should I hold both VBR and VOO?
VBR and VOO have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between VBR and VOO?
29.1% of VBR's money is in holdings VOO also owns. 2.5% of VOO's is in holdings VBR also owns. They hold 100 positions in common, counted across the 836 positions we hold weights for in VBR and 494 in VOO.
Which pays a higher dividend, VBR or VOO?
VBR yields 1.76% while VOO yields 1.04%, so VBR currently pays the higher dividend yield.
Is VOO better than VBR?
VOO has a lower expense ratio. VBR led over 1Y, VOO over 3Y, 5Y and the full window. VBR is less concentrated, with 5.9% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.