VBR is a Small & Mid-Cap ETF from Vanguard holding 838 positions as of Mar 31, 2026, with $38.3B in assets and a 0.05% net expense ratio. Its largest positions are NRG (0.8%), ATO (0.7%) and TPR (0.7%); the top 10 holdings account for 6.1% of the portfolio. By sector it leans Industrials (18.8%) and Financials (18.7%). It yields 1.73% on a trailing-12-month basis.
- Issuer
- Vanguard
- Holdings
- 838
- Net Assets
- $38.3BETF assets as of 2026-08-10
- Expense Ratio
- 0.05%per latest SEC prospectus filing
- TTM Yield
- 1.73%trailing 12-month distributions
Performance
- 1M
- +3.1%
- YTD
- +19.2%
- 1Y
- +28.7%
- 3Y (ann.)
- +15.4%
- 5Y (ann.)
- +10.0%
- 10Y (ann.)
- +10.8%
A $10,000 investment 10 years ago would be worth $27,811 today at the 10Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Sector Breakdown
| Industrials | 18.8% |
|---|---|
| Financials | 18.7% |
| Consumer Discretionary | 10.9% |
| Real Estate | 9.1% |
| Health Care | 8.4% |
| Other Sectors | 33.4% |
| Unclassified | 0.5% |
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 |  NRGNRG Energy, Inc. COM NEW | 0.75% |
| 2 |  ATOAtmos Energy Corp. COM | 0.74% |
| 3 |  TPRTapestry Inc COM | 0.69% |
| 4 |  JBLJabil Inc COM | 0.65% |
| 5 |  UTHRUnited Therapeutics Corporation COM | 0.63% |
| 6 |  FLEXFlex Ltd. COM USD0.01 | 0.58% |
| 7 |  OMCOmnicom Group Inc COM | 0.57% |
| 8 |  WSMWilliams-Sonoma Inc. COM | 0.53% |
| 9 |  SWSmurfit WestRock plc COM USD0.001 | 0.50% |
| 10 |  USFDUS Foods Holding Corp COM | 0.49% |
| 11 |  CFCF Industries Holdings, Inc. COM | 0.48% |
| 12 |  CHRWC.H. Robinson Worldwide Inc COM NEW | 0.48% |
| 13 |  Q23Bunge Global SA COM SHS | 0.48% |
| 14 |  DDDupont De Nemours Inc COM | 0.45% |
| 15 |  MRNAModerna Inc COM | 0.44% |
| 16 |  ILMNIllumina Inc COM | 0.43% |
| 17 |  AAAlcoa Corporation COM | 0.42% |
| 18 |  HOLXHologic Inc COM | 0.41% |
| 19 |  OVVOvintiv Inc COM | 0.41% |
| 20 |  AKAMAkamai Technologies, Inc. COM | 0.40% |
| 21 |  EMEEmcor Group Inc COM | 0.40% |
| 22 |  THCTenet Healthcare Corporation COM NEW | 0.40% |
| 23 |  ITTITT Inc COM | 0.40% |
| 24 |  FFIVF5 Inc COM | 0.40% |
| 25 |  JBHTJ. B. Hunt Transport Services, Inc. COM | 0.39% |
Showing the top 25 of 838 holdings. See the full VBR holdings list →
VBR alternatives
The closest Small & Mid-Cap ETFs to VBR by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
 VBVanguard Small-cap Index Fund | 60% | 0.03%cheaper | $82.5B | Compare → |
 DFASDimensional U.S. Small Cap ETF | 50% | 0.26%pricier | $15.3B | Compare → |
 SCHMSchwab U.S. Mid-Cap ETF | 49% | 0.04%cheaper | $15.1B | Compare → |
 IVOOVanguard S&P Mid-cap 400 Index Fund | 44% | 0.07%pricier | $3.9B | Compare → |
 IJHiShares Core S&P Mid-Cap ETF | 44% | 0.05% | $126.1B | Compare → |
 SPMDState Street® SPDR® Portfolio S&P 400™ Mid Cap ETF | 44% | 0.03%cheaper | $18.5B | Compare → |
 MDYState Street® SPDR® S&P MIDCAP 400® ETF Trust | 44% | 0.23%pricier | $27.1B | Compare → |
 VXFVanguard Extended Market Index Fund | 43% | 0.05% | $32.2B | Compare → |
Frequently Asked Questions
What is VBR's expense ratio?
VBR has a net expense ratio of 0.05%, per its latest SEC prospectus filing. That works out to about $5 a year on a $10,000 investment.
How many holdings does VBR have?
VBR held 838 positions as of Mar 31, 2026, per its latest official holdings data.
What are VBR's top 10 holdings?
VBR's largest positions are NRG (0.8%), ATO (0.7%), TPR (0.7%), JBL (0.6%), UTHR (0.6%), FLEX (0.6%), OMC (0.6%), WSM (0.5%), SW (0.5%), USFD (0.5%). Together they account for 6.1% of the portfolio.
What is VBR's dividend yield?
VBR yields 1.73% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is VBR?
VBR has $38.3B in assets as of Aug 10, 2026.
What are good alternatives to VBR?
By portfolio overlap, the closest Small & Mid-Cap ETFs to VBR are VB (60% overlap), DFAS (50% overlap), SCHM (49% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.