Overview
The small-cap value corner of the US market — roughly 850 cheap, smaller companies, the segment with the strongest long-run factor record and the cheapest fund covering it.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| — | Financials | ~22% |
| — | Industrials | ~20% |
| — | Consumer discretionary | ~14% |
| SFM | Sprouts Farmers Market | 0.8% |
| THC | Tenet Healthcare | 0.7% |
| EME | EMCOR Group | 0.7% |
Fund Details
Investment Thesis
Small value is the most-studied premium in finance: over long horizons, cheap small companies have out-compounded everything else, at the price of long stretches of underperformance that test conviction. VBR delivers the exposure at 0.07% with CRSP's low-turnover methodology. Its +28.7% year — ahead of the S&P 500 — is what the payoff looks like when the cycle finally turns toward the factor.
Who It's For
Patient investors adding a deliberate factor tilt to a core portfolio, with the discipline to hold through the inevitable years when large growth leads.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $110.19 | -- |
| 2017 | $122.86 | +11.5% |
| 2018 | $107.62 | -12.4% |
| 2019 | $131.52 | +22.2% |
| 2020 | $136.51 | +3.8% |
| 2021 | $172.69 | +26.5% |
| 2022 | $155.59 | -9.9% |
| 2023 | $178.31 | +14.6% |
| 2024 | $197.03 | +10.5% |
| 2025 | $213.19 | +8.2% |
| Year | Yield |
|---|---|
| 2016 | 2.23% |
| 2017 | 2.31% |
| 2018 | 2.12% |
| 2019 | 2.19% |
| 2020 | 2.00% |
| 2021 | 2.07% |
| 2022 | 1.89% |
| 2023 | 1.94% |
| 2024 | 1.77% |
| 2025 | 1.77% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $9.0B | -- |
| 2017 | $10B | +11.1% |
| 2018 | $12B | +20.0% |
| 2019 | $14B | +16.7% |
| 2020 | $16B | +14.3% |
| 2021 | $18B | +12.5% |
| 2022 | $21B | +16.7% |
| 2023 | $24B | +14.3% |
| 2024 | $28B | +16.7% |
| 2025 | $32B | +14.3% |
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 →