VBR vs VV
Vanguard Morningstar Small-Cap Value ETF vs Vanguard Morningstar Large-Cap ETF
Which is better, VBR or VV?
Small Cap Value against Large Cap Blend.
VV has a lower expense ratio. VV led over 1Y, 3Y, 5Y and the full window. VBR is less concentrated, with 5.9% of the fund in its ten largest positions against 38.0%.
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 | VV |
|---|---|---|
| Expense Ratio | 0.05% | 0.03%Best |
| AUM | $37.3B | $52.6B |
| Dividend Yield | 1.76% | 0.99% |
| Holdings | 847 | 437 |
| YTD Return | +12.02% | +12.38%Best |
| 1Y Return | +14.52% | +16.34%Best |
| 3Y Return (annualized) | +15.64% | +21.61%Best |
| 5Y Return (annualized) | +9.62% | +13.10%Best |
| Volatility (annualized) | 19.0% | 14.8%Best |
| Max Drawdown | -64.0% | -56.0%Best |
| $10,000 over 5 years | $15,829 | $18,506Best |
| Top 10 Weight | 5.9%Best | 38.0% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Jan 26, 2004 | Jan 27, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Jan 30, 2004 to Sep 18, 2026 (22.6 years).
VBR vs VV 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 22.6 years both funds cover.
VBR vs VV Performance
Vanguard Morningstar Small-Cap Value ETF (VBR) is an ETF from Vanguard (US) and Vanguard Morningstar Large-Cap ETF (VV) is an ETF from Vanguard (US). Over the past year VBR returned +14.52% while VV returned +16.34%. Year to date, VBR is up 12.02% versus a gain of 12.38% for VV.
Over three years, VBR compounded at +15.64% per year against +21.61% for VV; over five years the annualized figures are +9.62% and +13.10% respectively. Across the full 23-year window we track, VV has the edge at +9.42% annualized vs +7.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VBR has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 14.8% for VV. 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 -64.0% for VBR and -56.0% for VV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VBR charges 0.05% per year while VV 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 0.99% for VV.
Holdings Overlap
4.2% of VBR's money is in holdings VV also owns. 0.3% of VV's money is in holdings VBR also owns.
VBR and VV share little of their money.
21 positions in common, counted across the 836 positions we hold weights for in VBR and 431 in VV, against full books of 847 and 437.
What only one of them owns
Our book lists 402 positions for VV that do not appear in our book for VBR (98.9% of the fund), and 783 for VBR that do not appear in VV (92.9%).
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 VV | Difference |
|---|---|---|---|
| QQnity Electronics Inc | 0.36% | 0.02% | 0.34% |
| STLDSteel Dynamics, Inc. | 0.34% | 0.03% | 0.31% |
| CNCCentene | 0.34% | 0.02% | 0.32% |
| FLEX:SIFlex Ltd | 0.32% | 0.03% | 0.29% |
| NINisource Inc. | 0.24% | 0.02% | 0.22% |
| DOWDow Inc. | 0.21% | 0.02% | 0.19% |
| GISGeneral Mills In | 0.20% | 0.02% | 0.18% |
| LNTAlliant Energy Corp. | 0.21% | 0.01% | 0.20% |
| FTVFortive Corp. | 0.20% | 0.01% | 0.19% |
| EQTEQT Corp. | 0.18% | 0.03% | 0.15% |
You are not choosing between two funds in isolation.
Whichever of VBR and VV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VBR or VV?
VBR has an expense ratio of 0.05% while VV charges 0.03%. VV is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, VBR or VV?
Over the past year VBR returned +14.52% vs +16.34% for VV, so VV leads on 1-year performance. Over the longest common window we track (23 years), VBR annualized +7.75% vs +9.42% for VV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VBR or VV?
VBR has been the more volatile fund at 19.0% annualized versus 14.8% for VV. Worst drawdown: VBR -64.0% vs VV -56.0%.
Should I hold both VBR and VV?
VBR and VV have a monthly-return correlation of 0.89, 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 VV?
4.2% of VBR's money is in holdings VV also owns. 0.3% of VV's is in holdings VBR also owns. They hold 21 positions in common, counted across the 836 positions we hold weights for in VBR and 431 in VV.
Which pays a higher dividend, VBR or VV?
VBR yields 1.76% while VV yields 0.99%, so VBR currently pays the higher dividend yield.
Is VV better than VBR?
VV has a lower expense ratio. VV led over 1Y, 3Y, 5Y and the full window. VBR is less concentrated, with 5.9% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.