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VBvsSMMDETF Comparison

ETF 1

VB

Vanguard Morningstar Small-Cap ETF

This fund is part of

US Small Cap

+1.43%

Full VB fund page

VS

ETF 2

SMMD

iShares Russell 2500 ETF

This fund is part of

US Multi-Factor

+1.1%

Full SMMD fund page

Vanguard Morningstar Small-Cap ETF (VB) belongs to the US Small Cap segment. iShares Russell 2500 ETF (SMMD) is part of the US Multi-Factor segment. VB's top 3 sector exposures are Finance, Technology and Industrials. In contrast, SMMD's top sector exposures are Finance, Healthcare and Technology. VB is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.23% for SMMD. VB is up 15.79% year-to-date (YTD) with +$1.16B in YTD flows. SMMD performs better with 18.51% YTD performance, and +$1.58B in YTD flows. Run a side-by-side ETF comparison of VB and SMMD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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VB vs SMMD performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 11/04/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VB SMMD	+1.73%+1.13%	-2.84%-4.23%	+15.79%+18.51%	+19.42%+22.39%	+66.58%+72.16%	+34.69%+36.54%
Flows	VB SMMD	+$269M+$102M	+$335M+$693M	+$1.16B+$1.58B	+$1.10B+$1.91B	+$9.67B+$2.64B	+$13.11B+$3.12B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VB SMMD	+12.30%+12.26%	+15.70%+17.02%	+18.45%+19.12%	+20.51%+20.89%
Max drawdown	VB SMMD	-7.96%-9.29%	-8.96%-9.48%	-25.25%-25.55%	-28.14%-28.20%
Max drawdown duration	VB SMMD	80d80d	48d43d	296d283d	980d980d

Trading data

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	VB	SMMD
Last sale 11/5/2026 at 2:30 PM	$284.24	$84.54
Previous close 11/04/2026	$295.90	$88.09
Consolidated volume 11/04/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 30, 2026

1-year trailing difference

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	VB	SMMD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 11/5/2026 at 2:30 PM

Live

Closed

	VB	SMMD
Last price	$284.24	$84.54
1D performance	-3.94%	-4.03%
AuM	$80.28 B	$4.22 B
E/R	0.03%	0.23%

Characteristics

	VB	SMMD
Management strategy	Passive	Passive
Provider	Vanguard	iShares
Benchmark	CRSP U.S. Small Cap Index	Russell 2500 Index
N° of holdings	1283	508
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 26, 2004	July 6, 2017
ESG	No	No

More VB data on Trackinsight

More SMMD data on Trackinsight

Exposure

Countries

VB

USA

94.65%

Other

5.35%

SMMD

USA

95.01%

Other

4.99%

Sectors

VB

Finance

20.82%

Technology

15.58%

Industrials

14.58%

Healthcare

13.96%

Non-Energy Materi.

8.1%

Other

26.96%

SMMD

Finance

23.99%

Healthcare

15.35%

Technology

14.38%

Industrials

13.79%

Non-Energy Materi.

8.02%

Other

24.48%

Diversification

VB

Total weight of top 15 holdings out of 15

6.62%

SMMD

Total weight of top 15 holdings out of 15

45.3%

Top 15 holdings

Data as of September 30, 2026

VB

Natera, Inc.

0.72%

Twilio, Inc.

0.57%

Revolution Medicines, Inc.

0.53%

Illumina, Inc.

0.52%

Everpure, Inc.

0.52%

Okta, Inc.

0.44%

Moderna, Inc.

0.44%

EMCOR Group, Inc.

0.42%

Credo Technology Group Holding Ltd.

0.42%

Jabil, Inc.

0.38%

Williams-Sonoma, Inc.

0.34%

TechnipFMC plc

0.34%

Atmos Energy Corp.

0.33%

nVent Electric Plc

0.33%

ATI, Inc.

0.33%

SMMD

US4642876555

41.06%

nVent Electric Plc

0.37%

ATI, Inc.

0.36%

F5, Inc.

0.36%

Guardant Health, Inc.

0.33%

Viatris, Inc.

0.29%

Tenet Healthcare Corp.

0.29%

US Foods Holding Corp.

0.29%

Royal Gold, Inc.

0.28%

Roku, Inc.

0.28%

SoFi Technologies, Inc.

0.28%

Packaging Corporation of America

0.28%

TD SYNNEX Corp.

0.28%

Reliance, Inc.

0.28%

Woodward, Inc.

0.28%

Frequently asked questions about VB and SMMD

How have the VB and SMMD ETFs performed in 2026?

As of November 4, 2026, VB is up 15.79% year-to-date (YTD), while SMMD has returned 18.51%. That puts SMMD better performer ahead so far this year.

Which ETF is attracting more investor money: VB or SMMD?

Year-to-date, the VB ETF saw +$1.16B in flows, compared to +$1.58B for SMMD.

Which ETF is more volatile: VB or SMMD?

Over the past year, VB had a volatility of 15.7%, while SMMD experienced 17.02%.

Which ETF is bigger: VB or SMMD?

As of November 4, 2026, VB holds $80.28 B in assets under management (AUM), while SMMD manages $4.22 B.

What sectors do the VB and SMMD ETFs invest in?

VB leans toward sectors like Finance, Technology and Industrials. Meanwhile, SMMD focuses on Finance, Healthcare and Technology.

What are the top holdings of the VB ETF and SMMD ETF?

VB top holdings include Natera, Inc., Twilio, Inc. and Revolution Medicines, Inc.. SMMD holds in its top three: US4642876555, nVent Electric Plc and ATI, Inc..

Which ETF is more diversified: VB or SMMD?

VB holds 1297 securities with 6.62% of its assets in the top 15. SMMD has 2485 securities and a top 15 weight of 45.3%.

Small Cap ETFs Among the Week’s Top Performers

July 3, 2023

VB

VBvsSMMDETF Comparison

Vanguard Morningstar Small-Cap ETF

iShares Russell 2500 ETF

VB vs SMMD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the VB and SMMD ETFs performed in 2026?

As of November 4, 2026, VB is up 15.79% year-to-date (YTD), while SMMD has returned 18.51%. That puts SMMD better performer ahead so far this year.

Which ETF is attracting more investor money: VB or SMMD?

Year-to-date, the VB ETF saw +$1.16B in flows, compared to +$1.58B for SMMD.

Which ETF is more volatile: VB or SMMD?

Over the past year, VB had a volatility of 15.7%, while SMMD experienced 17.02%.

Which ETF is bigger: VB or SMMD?

As of November 4, 2026, VB holds $80.28 B in assets under management (AUM), while SMMD manages $4.22 B.

What sectors do the VB and SMMD ETFs invest in?

VB leans toward sectors like Finance, Technology and Industrials. Meanwhile, SMMD focuses on Finance, Healthcare and Technology.

What are the top holdings of the VB ETF and SMMD ETF?

VB top holdings include Natera, Inc., Twilio, Inc. and Revolution Medicines, Inc.. SMMD holds in its top three: US4642876555, nVent Electric Plc and ATI, Inc..

Which ETF is more diversified: VB or SMMD?

VB holds 1297 securities with 6.62% of its assets in the top 15. SMMD has 2485 securities and a top 15 weight of 45.3%.

Small Cap ETFs Among the Week’s Top Performers

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