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.
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