VB vs SPY
Comparison between VANGUARD SMALL-CAP INDEX FUND ETF SHARES (VB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed VB, delivering a return of +13.3% compared to +6.8%
VB vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VB
$165B
Winner
SPY
$652B
Expense Ratio
Winner
VB
0.03%
SPY
0.09%
Max Drawdown
VB
61.02%
Winner
SPY
56.47%
Sharpe Ratio
VB
1.56
Winner
SPY
2.07
5Y Beta
VB
1.04
Winner
SPY
1.00
P/E Ratio
VB
37.27
Winner
SPY
28.24
Forward P/E
Winner
VB
16.57
SPY
21.85
5Y Dividends CAGR
Winner
VB
13.75%
SPY
5.43%
5Y EPS CAGR
VB
9.72%
Winner
SPY
25.79%
Debt to Equity
VB
45.35%
Winner
SPY
22.35%
P/S Ratio
Winner
VB
1.52
SPY
3.55
P/B Ratio
Winner
VB
2.53
SPY
5.29
VB vs SPY - Holdings Comparison
VB and SPY have 122 common holdings. Overlap is 3.11%
VB's top 25 holdings weight is 9.67%. SPY's top 25 holdings weight is 51.32%.
| Rank | VB | SPY |
|---|---|---|
| #1 | SLCMT1142 (n/a) - 1.05% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | EMCOR GROUP INC (EME) - 0.46% | APPLE INC (AAPL) - 6.48% |
| #3 | HOLOGIC INC (n/a) - 0.46% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | NRG ENERGY INC (NRG) - 0.43% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | ATMOS ENERGY CORP (ATO) - 0.42% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | TAPESTRY INC (TPR) - 0.40% | BROADCOM INC (AVGO) - 3.09% |
| #7 | TECHNIPFMC PLC (FTI) - 0.38% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | CIENA CORP (CIEN) - 0.38% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | CASEY'S GENERAL STORES INC (CASY) - 0.37% | TESLA INC (TSLA) - 1.73% |
| #10 | EXPAND ENERGY CORP ORDINARY SHARES NEW (EXE) - 0.37% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | JABIL INC (JBL) - 0.37% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | NATERA INC (NTRA) - 0.37% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | UNITED THERAPEUTICS CORP (UTHR) - 0.36% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | LUMENTUM HOLDINGS INC (LITE) - 0.35% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | FTAI AVIATION LTD (FTAI) - 0.35% | WALMART INC (WMT) - 0.91% |
| #16 | CURTISS-WRIGHT CORP (CW) - 0.35% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | COMFORT SYSTEMS USA INC (FIX) - 0.34% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | FLEX LTD (FLEX) - 0.33% | VISA INC CLASS A (V) - 0.85% |
| #19 | OMNICOM GROUP INC (OMC) - 0.32% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | COHERENT CORP (COHR) - 0.31% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | WOODWARD INC (WWD) - 0.30% | INTEL CORP (INTC) - 0.65% |
| #22 | ROYAL GOLD INC (RGLD) - 0.30% | NETFLIX INC (NFLX) - 0.64% |
| #23 | WILLIAMS-SONOMA INC (WSM) - 0.30% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | n/a (ASTS) - 0.30% | CHEVRON CORP (CVX) - 0.58% |
| #25 | XPO INC (XPO) - 0.30% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 1190 | 505 |
VB vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
VB
+5.52%
Winner
SPY
+9.11%
3M
VB
+3.86%
Winner
SPY
+6.59%
6M
Winner
VB
+14.55%
SPY
+10.56%
1Y
VB
+30.65%
Winner
SPY
+32.04%
5Y(CAGR)
VB
+6.78%
Winner
SPY
+13.35%
10Y(CAGR)
VB
+11.52%
Winner
SPY
+15.49%
Max(CAGR)
Winner
VB
+9.84%
SPY
+8.50%
VB vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VB | SPY |
|---|---|---|
| 2026 | +10.60% | +8.27% |
| 2025 | +8.99% | +18.00% |
| 2024 | +14.94% | +25.59% |
| 2023 | +18.91% | +26.72% |
| 2022 | -18.02% | -18.64% |
| 2021 | +19.49% | +30.52% |
| 2020 | +18.96% | +17.28% |
| 2019 | +27.43% | +31.09% |
| 2018 | -10.04% | -5.24% |
| 2017 | +15.58% | +20.78% |
| 2016 | +20.36% | +13.59% |
| 2015 | -3.44% | +1.31% |
| 2014 | +8.58% | +14.56% |
| 2013 | +33.91% | +29.00% |
| 2012 | +16.63% | +14.17% |
| 2011 | -4.29% | +0.85% |
| 2010 | +25.38% | +13.14% |
| 2009 | +33.60% | +22.67% |
| 2008 | -35.30% | -36.25% |
| 2007 | +1.22% | +5.32% |
| 2006 | +13.88% | +13.85% |
| 2005 | +9.09% | +5.32% |
| 2004 | +15.90% | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
VB vs SPY Drawdown Comparison
The maximum drawdown for VB was -59.57%, occurring on Mar 9, 2009. Recovery took 867 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current VB drawdown is -0.92%.
| Rank | VB | SPY |
|---|---|---|
| #1 | -59.57% Jul 13, 2007 - Dec 20, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -42.05% Feb 20, 2020 - Nov 9, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -28.30% Apr 29, 2011 - Sep 6, 2012 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.15% Nov 8, 2021 - Jul 16, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.36% Nov 25, 2024 - Sep 18, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -24.54% Aug 29, 2018 - Nov 26, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -23.35% Jun 23, 2015 - Aug 23, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.15% May 5, 2006 - Nov 14, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.00% Apr 2, 2004 - Nov 3, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.75% Jul 3, 2014 - Dec 23, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.48% Sep 14, 2012 - Jan 2, 2013 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.44% Jan 26, 2018 - May 21, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.03% Mar 7, 2005 - Jun 16, 2005 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.97% Feb 26, 2026 - Apr 16, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.52% Aug 2, 2005 - Nov 22, 2005 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between VB and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
VB vs SPY dividend yield comparison.
| Year | VB | SPY |
|---|---|---|
| 2026 | 0.34% | 0.24% |
| 2025 | 1.33% | 1.07% |
| 2024 | 1.30% | 1.21% |
| 2023 | 1.55% | 1.40% |
| 2022 | 1.59% | 1.65% |
| 2021 | 1.24% | 1.20% |
| 2020 | 1.14% | 1.52% |
| 2019 | 1.39% | 1.75% |
| 2018 | 1.67% | 2.04% |
| 2017 | 1.35% | 1.80% |
| 2016 | 1.50% | 2.03% |
| 2015 | 1.48% | 2.06% |
| 2014 | 1.43% | 1.87% |
| 2013 | 1.31% | 1.81% |
| 2012 | 1.86% | 2.18% |
| 2011 | 1.36% | 2.05% |
| 2010 | 1.16% | 1.80% |
| 2009 | 1.15% | 1.95% |
| 2008 | 2.22% | 3.02% |
| 2007 | 1.40% | 1.85% |
| 2006 | 1.23% | 1.73% |
| 2005 | 1.15% | 1.73% |
| 2004 | 1.11% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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