Overview
Vanguard's small-cap fund tracking the CRSP US Small Cap Index — roughly 1,400 holdings, a considerably broader universe than the Russell 2000.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| AXON | Axon Enterprise | 0.5% |
| EME | EMCOR Group | 0.4% |
| FIX | Comfort Systems USA | 0.4% |
| CSWI | CSW Industrials | 0.4% |
| LII | Lennox International | 0.4% |
| SFM | Sprouts Farmers Market | 0.4% |
| TXRH | Texas Roadhouse | 0.3% |
| WSO | Watsco Inc. | 0.3% |
| CASY | Casey's General Stores | 0.3% |
| MUSA | Murphy USA | 0.3% |
Fund Details
Investment Thesis
VB offers broader and cheaper small-cap exposure than the better-known IWM. Its CRSP index holds roughly 1,400 companies versus the Russell 2000's 2,000, but crucially it reaches further up into mid-cap territory and applies buffer rules that reduce turnover at the boundaries — avoiding the well-documented Russell reconstitution effect, where front-runners profit from predictable annual index changes. At 0.05% versus IWM's 0.19%, the cost advantage compounds meaningfully over decades.
Who It's For
Long-term investors who want small-cap exposure as a permanent allocation rather than a tactical trade, and who prefer lower cost and lower turnover to the liquidity of IWM. VB suits buy-and-hold portfolios; active traders may still prefer IWM for its far deeper options market.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $118.62 | -- |
| 2017 | $134.16 | +13.1% |
| 2018 | $122.62 | -8.6% |
| 2019 | $150.46 | +22.7% |
| 2020 | $167.31 | +11.2% |
| 2021 | $211.81 | +26.6% |
| 2022 | $177.50 | -16.2% |
| 2023 | $205.90 | +16.0% |
| 2024 | $229.78 | +11.6% |
| 2025 | $249.08 | +8.4% |
| Year | Yield |
|---|---|
| 2016 | 1.68% |
| 2017 | 1.58% |
| 2018 | 1.78% |
| 2019 | 1.62% |
| 2020 | 1.42% |
| 2021 | 1.18% |
| 2022 | 1.48% |
| 2023 | 1.38% |
| 2024 | 1.26% |
| 2025 | 1.21% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $14B | -- |
| 2017 | $17B | +21.4% |
| 2018 | $15B | -11.8% |
| 2019 | $20B | +33.3% |
| 2020 | $24B | +20.0% |
| 2021 | $34B | +41.7% |
| 2022 | $28B | -17.6% |
| 2023 | $34B | +21.4% |
| 2024 | $44B | +29.4% |
| 2025 | $68B | +54.5% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
Related US Broad Market ETFs
Markets. Intelligence. Daily.
Full briefs on 251 ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →