VBR vs SPY
Comparison between VANGUARD SMALL-CAP VALUE INDEX FUND ETF SHARES (VBR, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed VBR, delivering a return of +13.0% compared to +8.8%
VBR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VBR
$66B
Winner
SPY
$784B
Expense Ratio
Winner
VBR
0.05%
SPY
0.09%
Max Drawdown
VBR
64.05%
Winner
SPY
56.47%
Sharpe Ratio
VBR
1.43
Winner
SPY
1.54
5Y Beta
Winner
VBR
0.91
SPY
1.00
P/E Ratio
Winner
VBR
26.94
SPY
27.62
Forward P/E
Winner
VBR
13.58
SPY
21.11
5Y Dividends CAGR
Winner
VBR
15.44%
SPY
6.00%
5Y EPS CAGR
VBR
8.04%
Winner
SPY
25.30%
Debt to Equity
VBR
65.86%
Winner
SPY
31.11%
P/S Ratio
Winner
VBR
1.16
SPY
3.49
P/B Ratio
Winner
VBR
2.02
SPY
5.30
VBR vs SPY - Holdings Comparison
VBR and SPY have 94 common holdings. Overlap is 2.27%
VBR's top 25 holdings weight is 12.67%. SPY's top 25 holdings weight is 51.24%.
| Rank | VBR | SPY |
|---|---|---|
| #1 | JABIL INC (JBL) - 0.77% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | FLEX LTD (FLEX) - 0.76% | APPLE INC (AAPL) - 6.81% |
| #3 | NRG ENERGY INC (NRG) - 0.75% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | ATMOS ENERGY CORP (ATO) - 0.71% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | TAPESTRY INC (TPR) - 0.67% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | UNITED THERAPEUTICS CORP (UTHR) - 0.57% | BROADCOM INC (AVGO) - 2.77% |
| #7 | OMNICOM GROUP INC (OMC) - 0.54% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | SLCMT1142 (n/a) - 0.52% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | WILLIAMS-SONOMA INC (WSM) - 0.49% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | C.H. ROBINSON WORLDWIDE INC (CHRW) - 0.49% | TESLA INC (TSLA) - 1.76% |
| #11 | US FOODS HOLDING CORP (USFD) - 0.47% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | BUNGE GLOBAL SA (BG) - 0.45% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | EMCOR GROUP INC (EME) - 0.45% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | SMURFIT WESTROCK PLC (SW) - 0.45% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | CF INDUSTRIES HOLDINGS INC (CF) - 0.43% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | JB HUNT TRANSPORT SERVICES INC (JBHT) - 0.43% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | MKS INC (MKSI) - 0.43% | VISA INC CLASS A (V) - 0.87% |
| #18 | RELIANCE INC (RS) - 0.43% | INTEL CORP (INTC) - 0.85% |
| #19 | ITT INC (ITT) - 0.42% | WALMART INC (WMT) - 0.82% |
| #20 | ILLUMINA INC (ILMN) - 0.42% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | F5 INC (FFIV) - 0.42% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | DUPONT DE NEMOURS INC (DD) - 0.42% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | OVINTIV INC (OVV) - 0.40% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | WESCO INTERNATIONAL INC (WCC) - 0.39% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | EAST WEST BANCORP INC (EWBC) - 0.39% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 840 | 505 |
VBR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
VBR
+3.37%
SPY
-1.41%
3M
VBR
+11.08%
Winner
SPY
+12.54%
6M
Winner
VBR
+12.36%
SPY
+6.77%
1Y
Winner
VBR
+26.16%
SPY
+22.18%
5Y(CAGR)
VBR
+8.78%
Winner
SPY
+13.04%
10Y(CAGR)
VBR
+11.10%
Winner
SPY
+15.54%
Max(CAGR)
Winner
VBR
+9.59%
SPY
+8.44%
VBR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VBR | SPY |
|---|---|---|
| 2026 | +12.82% | +7.90% |
| 2025 | +9.44% | +18.00% |
| 2024 | +12.56% | +25.59% |
| 2023 | +16.36% | +26.72% |
| 2022 | -10.07% | -18.64% |
| 2021 | +30.18% | +30.52% |
| 2020 | +6.01% | +17.28% |
| 2019 | +22.50% | +31.09% |
| 2018 | -12.95% | -5.24% |
| 2017 | +10.98% | +20.78% |
| 2016 | +26.76% | +13.59% |
| 2015 | -4.44% | +1.31% |
| 2014 | +11.77% | +14.56% |
| 2013 | +32.77% | +29.00% |
| 2012 | +17.01% | +14.17% |
| 2011 | -5.79% | +0.85% |
| 2010 | +22.76% | +13.14% |
| 2009 | +29.07% | +22.67% |
| 2008 | -31.00% | -36.25% |
| 2007 | -7.16% | +5.32% |
| 2006 | +17.31% | +13.85% |
| 2005 | +7.83% | +5.32% |
| 2004 | +20.49% | +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% |
VBR vs SPY Drawdown Comparison
The maximum drawdown for VBR was -61.99%, occurring on Mar 9, 2009. Recovery took 933 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current VBR drawdown is -0.34%. The current SPY drawdown is -3.22%.
| Rank | VBR | SPY |
|---|---|---|
| #1 | -61.99% Jun 4, 2007 - Feb 14, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.28% Jan 16, 2020 - Nov 24, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -27.93% Apr 29, 2011 - Sep 6, 2012 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.19% Nov 25, 2024 - Dec 5, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -23.49% Aug 29, 2018 - Jan 16, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.21% Nov 8, 2021 - Dec 14, 2023 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.53% Jun 23, 2015 - Jul 12, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.04% Jul 3, 2014 - Nov 24, 2014 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.81% Apr 2, 2004 - Sep 16, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.01% May 5, 2006 - Oct 12, 2006 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.68% Jun 8, 2021 - Oct 25, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.39% Aug 2, 2005 - Jan 5, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.27% Jan 23, 2018 - Jun 5, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.24% Sep 14, 2012 - Dec 20, 2012 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.95% Mar 4, 2005 - Jun 14, 2005 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between VBR 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)
VBR vs SPY dividend yield comparison.
| Year | VBR | SPY |
|---|---|---|
| 2026 | 0.52% | 0.50% |
| 2025 | 1.95% | 1.07% |
| 2024 | 1.98% | 1.21% |
| 2023 | 2.12% | 1.40% |
| 2022 | 2.03% | 1.65% |
| 2021 | 1.75% | 1.20% |
| 2020 | 1.68% | 1.52% |
| 2019 | 2.06% | 1.75% |
| 2018 | 2.35% | 2.04% |
| 2017 | 1.79% | 1.80% |
| 2016 | 1.77% | 2.03% |
| 2015 | 1.99% | 2.06% |
| 2014 | 1.77% | 1.87% |
| 2013 | 1.87% | 1.81% |
| 2012 | 2.62% | 2.18% |
| 2011 | 2.20% | 2.05% |
| 2010 | 1.94% | 1.80% |
| 2009 | 1.99% | 1.95% |
| 2008 | 3.20% | 3.02% |
| 2007 | 2.42% | 1.85% |
| 2006 | 1.93% | 1.73% |
| 2005 | 1.92% | 1.73% |
| 2004 | 1.66% | 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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