What is the main difference between VBK and VIOG?

VBK and VIOG are both Vanguard Small Growth ETFs but track different strategies. VBK has $22.9 billion in assets with a 0.05% expense ratio and a 0.45% dividend yield. VIOG has $1.1 billion with a 0.10% expense ratio and a 0.80% yield. Their top holdings show no overlap, indicating distinct portfolios.

How do their expense ratios compare?

VBK charges a lower expense ratio of 0.05%, while VIOG charges 0.10%. This means VIOG costs twice as much annually. Over time, even small fee differences can impact net returns, making the expense ratio a key factor when comparing similar funds.

What do the dividend yields mean for each fund?

VBK offers a 0.45% dividend yield, providing modest income. VIOG provides a higher yield of 0.80%. Dividend yield indicates annual income relative to price. Investors seeking immediate income may prefer the higher yield, while others might prioritise growth or lower fees over income.

Why are their top holdings different?

The top 10 holdings of VBK and VIOG have zero overlap. VBK includes stocks like NTRA and RVMD, whereas VIOG holds companies such as CORT and EAT. This reflects that they track different underlying indices or strategies, leading to entirely separate portfolios despite similar goals.

How does asset size impact these funds?

VBK has $22.9 billion in net assets, offering potentially greater liquidity. VIOG has $1.1 billion, which may imply less trading volume. Larger asset bases often provide stability and tighter bid-ask spreads, which can be important considerations for frequent traders or large transactions.

What does the inception date tell us?

VBK was launched in January 2004, giving it a long operational history of over 20 years. VIOG started in September 2010, with a shorter track record. A longer history provides more data on performance across various market cycles, which may offer more context for potential investors.

Which fund offers more transparency on holdings?

Neither fund provides specific index methodology details, as indicated by 'not available' data. Both offer a list of top 10 holdings. VBK has broader coverage with over 280 holdings, while VIOG maintains a more focused portfolio of approximately 190 holdings, affecting granularity in exposure.

How do concentration levels compare?

In VBK, the largest holding (NTRA) represents 1.27% of assets. In VIOG, the largest holding (CORT) represents 1.24%. These figures suggest moderate concentration in both funds. Lower concentration typically reduces single-stock risk, but both funds maintain relatively diversified small-cap growth portfolios.

What fees should investors watch for?

Beyond expense ratios, consider trading commissions and bid-ask spreads. VBK's larger asset base might mean tighter spreads than VIOG. The 0.05% vs 0.10% difference is small but adds up. Always review total costs, not just annual fees, for accurate investment return expectations.

How to use this comparison responsibly?

This page compares VBK and VIOG to help you understand their structural differences. It is for educational purposes only. Always conduct further research and consider your personal financial situation, goals, and risk tolerance before making any investment decisions.

Does the dividend yield affect fund performance?

Dividend yield (0.45% for VBK, 0.80% for VIOG) represents income payout but does not guarantee total return. Performance depends on capital appreciation and dividends. Higher yield may suit income-focused investors, while those seeking growth might look at overall expense ratios and portfolio strategy instead.

Are there index tracking differences?

VBK's index methodology is not explicitly stated in the data, while VIOG adheres strictly to the S&P Small Cap 600 Growth index. This strict adherence can lead to different portfolio compositions, explaining the lack of overlap in top holdings and differing investment characteristics.

VBK vs VIOG

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare Vanguard Small-Cap Growth ETF (VBK) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG). This page outlines their expense ratios, net assets, dividend yields, top holdings, and how each fund tracks small-cap growth markets. See how their portfolios differ despite sharing the same Vanguard issuer and category. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

VBK

Metric

VIOG

0.05%

Expense Ratio

0.10%

0.45%

Dividend Yield

0.80%

$22.91B

Net Assets

$1.06B

550

Holdings

355

Jan 26, 2004

Inception Date

Sep 7, 2010

–

Index Tracked

–

Small Growth

Fund Category

Small Growth

VBK costs about $5.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

Discover More Comparisons

VBK vs VBR

Compare Vanguard Small-Cap Growth ETF (VBK) and Value ETF (VBR) on 0.05% fees, $22.9bn and $37.0bn assets, 0.45% and 1.81% yields, and distinct holdings.

Investment Analysis

VBK

Pros

Investors benefit from a low expense ratio of 0.05% on $22.9 billion in net assets.
The fund offers extensive market coverage with over 280 holdings in the small-cap growth sector.
A long operating history since January 2004 provides a robust record of performance across market cycles.

Considerations

The dividend yield is relatively modest at just 0.45%, limiting immediate income generation for investors.
Top holdings exhibit moderate concentration, with the largest position representing 1.27% of the fund's assets.
Limited transparency is present as the specific index methodology tracked by the fund is not available.

VIOG

Pros

The fund provides a higher dividend yield of 0.80% compared to many other small-cap growth options.
Strict adherence to the S&P Small Cap 600 Growth index offers a clearly defined investment strategy.
The fund maintains a highly focused portfolio with approximately 190 holdings for targeted small-cap exposure.

Considerations

The expense ratio is double that of comparable products at 0.10%, resulting in higher annual fees.
With only $1.1 billion in net assets, the fund may be less liquid than larger peers.
Launched in September 2010, the fund has a shorter track record compared to some competitors.

About VBK and VIOG

VBK (VBK)

The Vanguard Small-Cap Growth ETF aims to track the performance of small companies in the US that exhibit growth characteristics. It offers investors exposure to 550 holdings, focusing on businesses expected to grow faster than the broader market. With a low expense ratio of 0.05% and net assets of USD 22.91 billion, it provides a cost-effective way to access this segment. Established in January 2004, the fund has maintained its objective to mirror the small-cap growth landscape. While it currently pays no dividend, its dividend yield is 0.45%. Investors should note that small-cap stocks can be more volatile than larger counterparts, and values can rise or fall over time.

VIOG (VIOG)

The Vanguard S&P Small-Cap 600 Growth ETF (VIOG) offers investors exposure to US small-cap companies identified as having above-average growth characteristics. As an exchange-traded fund, it aims to track the performance of an index of these specific stocks, providing a diversified way to invest in smaller, potentially high-growth businesses. With a low expense ratio of 0.10% and holdings in approximately 355 companies, VIOG maintains a broad approach within its focused category. The fund launched in September 2010 and manages net assets of around USD 1.06 billion. It currently reports a dividend yield of 0.80%, reflecting the reinvestment-focused nature of many growth companies. Investors should remember that small-cap investments can be more volatile than large-cap counterparts, and the value of shares and returns are not guaranteed.

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VBK vs VIOG

Fund Snapshot

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VBK vs VBR

Investment Analysis

VBK

Pros

Considerations

VIOG

Pros

Considerations

About VBK and VIOG

Buy VBK or VIOG in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What is the main difference between VBK and VIOG?

How do their expense ratios compare?

What do the dividend yields mean for each fund?

Why are their top holdings different?

How does asset size impact these funds?

What does the inception date tell us?

Which fund offers more transparency on holdings?

How do concentration levels compare?

What fees should investors watch for?

How to use this comparison responsibly?

Does the dividend yield affect fund performance?

Are there index tracking differences?

Fund Snapshot

About VBK and VIOG

Discover More Comparisons

VBK vs VBR