Vanguard Small-Cap Growth (VBK): Historical Returns

Data Source: from January 2005 to May 2023 (~18 years)
Consolidated Returns as of 31 May 2023
Category: Stocks
ETF: Vanguard Small-Cap Growth (VBK)

In the last 15 Years, the Vanguard Small-Cap Growth (VBK) ETF obtained a 8.42% compound annual return, with a 20.83% standard deviation.

In 2022, the ETF granted a 0.39% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard Small-Cap Growth (VBK) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Mid Cap
  • Style: Growth
  • Region: North America
  • Country: U.S.

Historical Returns as of May 31, 2023

Historical returns and Metrics of Vanguard Small-Cap Growth (VBK) ETF.

Returns and metrics are calculated based on monthly returns, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends
VANGUARD SMALL-CAP GROWTH (VBK) ETF
Portfolio Metrics
Data Source: 1 January 2005 - 31 May 2023 (~18 years)
Swipe left to see all data
Metrics as of May 31, 2023
1M 3M 6M 1Y 3Y 5Y 10Y MAX
(~18Y)
Portfolio Return (%) -0.04 -2.19 -0.04 0.31 3.77 4.78 8.29 8.49
US Inflation (%) 0.00 0.84 1.90 3.79 5.77 3.81 2.68 2.56
Infl. Adjusted Return (%) -0.04 -3.01 -1.90 -3.35 -1.89 0.93 5.46 5.78
Waiting for updates, inflation of May 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 22.98 20.80 23.29 18.61 19.78
Sharpe Ratio -0.12 0.13 0.15 0.40 0.23
Sortino Ratio -0.20 0.19 0.20 0.55 0.31
MAXIMUM DRAWDOWN
Drawdown Depth (%) -11.17 -33.69 -33.69 -33.69 -53.24
Start (yyyy mm) 2022 08 2021 11 2021 11 2021 11 2007 11
Bottom (yyyy mm) 2022 09 2022 09 2022 09 2022 09 2009 02
Start to Bottom (# months) 2 11 11 11 16
Start to Recovery (# months) in progress
6
> 19
> 19
> 19
38
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 83.58 34.67 30.00 18.57
Worst Return (%) -43.98 -17.05 1.18 6.50
% Positive Periods 74% 87% 100% 100%
MONTHS
Positive 0 0 1 4 18 33 75 135
Negative 1 3 5 8 18 27 45 86
% Positive 0% 0% 17% 33% 50% 55% 63% 61%
WITHDRAWAL RATES (WR)
Safe WR (%) 39.35 22.91 15.11 9.15
Perpetual WR (%) 0.00 0.92 5.18 5.46
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
  • Standard Deviation: it's a measure of the dispersion of returns around the mean
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
  • Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
  • Rolling Returns: returns over a time frame (best, worst, % of positive returns).
  • Pos./Neg. Months: number of months with positive/negative return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).

Correlations as of May 31, 2023

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1.

If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.

Asset correlations are calculated based on monthly returns.

Monthly correlations of Vanguard Small-Cap Growth (VBK) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

VANGUARD SMALL-CAP GROWTH (VBK) ETF
Monthly correlations as of 31 May 2023
Swipe left to see all data
Correlation vs VBK
 
Asset Class 1 Year 5 Years 10 Years Since
Jan 2005
US Total Stock Market
VTI
0.95
0.93
0.92
0.94
US Large Cap
SPY
0.92
0.90
0.88
0.91
US Small Cap
IJR
0.95
0.91
0.91
0.94
US REITs
VNQ
0.93
0.80
0.69
0.72
US Technology
QQQ
0.86
0.86
0.82
0.86
Preferred Stocks
PFF
0.80
0.78
0.70
0.55
EAFE Stocks
EFA
0.78
0.80
0.77
0.80
World All Countries
VT
0.90
0.91
0.89
0.89
Emerging Markets
EEM
0.57
0.70
0.63
0.74
Europe
VGK
0.77
0.78
0.74
0.79
Pacific
VPL
0.77
0.81
0.77
0.77
Latin America
FLLA
0.79
0.55
0.47
0.62
US Total Bond Market
BND
0.67
0.45
0.35
0.17
Long Term Treasuries
TLT
0.54
0.09
0.02
-0.19
US Cash
BIL
-0.20
-0.16
-0.12
-0.09
TIPS
TIP
0.81
0.55
0.43
0.26
Invest. Grade Bonds
LQD
0.72
0.62
0.54
0.38
High Yield Bonds
HYG
0.88
0.83
0.78
0.75
International Bonds
BNDX
0.78
0.47
0.37
0.26
Emerg. Market Bonds
EMB
0.69
0.69
0.61
0.54
Gold
GLD
0.22
0.14
0.07
0.09
Commodities
DBC
0.65
0.48
0.41
0.48

Capital Growth as of May 31, 2023

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the Vanguard Small-Cap Growth (VBK) ETF: Dividend Yield page.

An investment of 1000$, since June 2008, now would be worth 3362.21$, with a total return of 236.22% (8.42% annualized).

The Inflation Adjusted Capital now would be 2400.96$, with a net total return of 140.10% (6.01% annualized).
An investment of 1000$, since January 2005, now would be worth 4483.67$, with a total return of 348.37% (8.49% annualized).

The Inflation Adjusted Capital now would be 2812.61$, with a net total return of 181.26% (5.78% annualized).

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

VANGUARD SMALL-CAP GROWTH (VBK) ETF
Drawdown periods
Updated to May 2023

Worst drawdowns since June 2008.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-49.72% Jun 2008 Feb 2009 9 Nov 2010 21 30
-33.69% Nov 2021 Sep 2022 11 in progress 8 19
-25.01% May 2011 Sep 2011 5 Dec 2012 15 20
-24.25% Jan 2020 Mar 2020 3 Jun 2020 3 6
-20.35% Sep 2018 Dec 2018 4 Jul 2019 7 11
-17.29% Aug 2015 Jan 2016 6 Nov 2016 10 16
-5.93% Mar 2014 Apr 2014 2 Jun 2014 2 4
-5.53% Jul 2014 Sep 2014 3 Feb 2015 5 8
-3.88% Sep 2021 Sep 2021 1 Oct 2021 1 2
-3.82% Aug 2019 Sep 2019 2 Nov 2019 2 4
-3.19% Feb 2018 Feb 2018 1 May 2018 3 4
-2.68% May 2021 May 2021 1 Jun 2021 1 2
-2.42% Mar 2021 Mar 2021 1 Apr 2021 1 2
-1.91% Aug 2013 Aug 2013 1 Sep 2013 1 2
-1.51% Sep 2020 Sep 2020 1 Nov 2020 2 3
-1.33% Jul 2021 Jul 2021 1 Aug 2021 1 2
-1.14% Jan 2014 Jan 2014 1 Feb 2014 1 2
-1.05% Mar 2015 Apr 2015 2 May 2015 1 3
-0.93% Jun 2013 Jun 2013 1 Jul 2013 1 2
-0.39% Apr 2013 Apr 2013 1 May 2013 1 2

Worst drawdowns since January 2005.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-53.24% Nov 2007 Feb 2009 16 Dec 2010 22 38
-33.69% Nov 2021 Sep 2022 11 in progress 8 19
-25.01% May 2011 Sep 2011 5 Dec 2012 15 20
-24.25% Jan 2020 Mar 2020 3 Jun 2020 3 6
-20.35% Sep 2018 Dec 2018 4 Jul 2019 7 11
-17.29% Aug 2015 Jan 2016 6 Nov 2016 10 16
-11.63% Apr 2006 Jul 2006 4 Jan 2007 6 10
-9.45% Jan 2005 Apr 2005 4 Jun 2005 2 6
-5.93% Mar 2014 Apr 2014 2 Jun 2014 2 4
-5.53% Jul 2014 Sep 2014 3 Feb 2015 5 8
-5.31% Jun 2007 Jul 2007 2 Oct 2007 3 5
-4.13% Aug 2005 Oct 2005 3 Nov 2005 1 4
-3.88% Sep 2021 Sep 2021 1 Oct 2021 1 2
-3.82% Aug 2019 Sep 2019 2 Nov 2019 2 4
-3.19% Feb 2018 Feb 2018 1 May 2018 3 4
-2.68% May 2021 May 2021 1 Jun 2021 1 2
-2.42% Mar 2021 Mar 2021 1 Apr 2021 1 2
-1.91% Aug 2013 Aug 2013 1 Sep 2013 1 2
-1.51% Sep 2020 Sep 2020 1 Nov 2020 2 3
-1.33% Jul 2021 Jul 2021 1 Aug 2021 1 2

Rolling Returns ( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

VANGUARD SMALL-CAP GROWTH (VBK) ETF
Annualized Rolling Returns
Data Source: from January 2005 to May 2023
Swipe left to see all data
Rolling
Period
Annualized Return (%) Negative
Periods
Average Latest Best Worst
1 Year
11.03 0.31 83.58
Apr 2020 - Mar 2021
-43.98
Mar 2008 - Feb 2009
26.19%
2 Years
10.51 -11.75 54.57
Mar 2009 - Feb 2011
-26.92
Mar 2007 - Feb 2009
19.70%
3 Years
10.24 3.77 34.67
Mar 2009 - Feb 2012
-17.05
Mar 2006 - Feb 2009
13.44%
5 Years
11.02 4.78 30.00
Mar 2009 - Feb 2014
1.18
Sep 2005 - Aug 2010
0.00%
7 Years
11.18 8.87 18.57
Mar 2009 - Feb 2016
5.66
Jan 2005 - Dec 2011
0.00%
10 Years
11.29 8.29 18.57
Mar 2009 - Feb 2019
6.50
Feb 2006 - Jan 2016
0.00%
15 Years
9.85 8.42 11.98
Aug 2006 - Jul 2021
7.47
Oct 2007 - Sep 2022
0.00%
Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Vanguard Small-Cap Growth (VBK) ETF: Rolling Returns page.

Seasonality

Vanguard Small-Cap Growth (VBK) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
2.65
60%
-0.12
40%
-4.03
40%
2.21
60%
-0.22
20%
1.63
80%
3.79
80%
1.53
60%
-3.42
0%
0.70
80%
3.79
80%
-1.11
60%
 Capital Growth on monthly avg returns
100
102.65
102.53
98.40
100.58
100.36
101.99
105.86
107.48
103.81
104.53
108.50
107.29
Best 12.6
2019
5.8
2019
1.3
2022
16.4
2020
10.8
2020
7.3
2019
11.7
2022
7.0
2018
-1.2
2018
7.0
2022
14.2
2020
8.3
2020
Worst -12.8
2022
-6.8
2020
-18.5
2020
-11.0
2022
-6.4
2019
-8.0
2022
-1.3
2021
-2.4
2022
-9.0
2022
-11.4
2018
-6.1
2021
-10.7
2018
Monthly Seasonality over the period Jun 2018 - May 2023
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.88
50%
1.00
60%
-1.30
50%
0.95
60%
1.10
60%
1.54
70%
2.78
80%
0.38
50%
-1.70
30%
1.15
80%
3.43
90%
-0.48
70%
 Capital Growth on monthly avg returns
100
100.88
101.89
100.56
101.52
102.64
104.23
107.12
107.53
105.70
106.91
110.58
110.05
Best 12.6
2019
6.0
2015
7.7
2016
16.4
2020
10.8
2020
7.3
2019
11.7
2022
7.0
2018
6.1
2013
7.0
2022
14.2
2020
8.3
2020
Worst -12.8
2022
-6.8
2020
-18.5
2020
-11.0
2022
-6.4
2019
-8.0
2022
-5.2
2014
-7.0
2015
-9.0
2022
-11.4
2018
-6.1
2021
-10.7
2018
Monthly Seasonality over the period Jun 2013 - May 2023
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.57
53%
0.84
63%
0.93
63%
1.99
58%
0.83
58%
0.49
56%
1.92
61%
0.03
56%
-0.71
50%
0.36
67%
1.81
78%
1.05
72%
 Capital Growth on monthly avg returns
100
100.57
101.42
102.36
104.40
105.26
105.78
107.81
107.84
107.07
107.46
109.40
110.55
Best 12.6
2019
6.2
2011
9.3
2009
16.7
2009
10.8
2020
7.3
2019
11.7
2022
7.0
2018
13.6
2010
16.3
2011
14.2
2020
8.8
2009
Worst -12.8
2022
-9.9
2009
-18.5
2020
-11.0
2022
-7.5
2010
-8.0
2022
-5.2
2014
-8.6
2011
-12.8
2008
-22.2
2008
-11.9
2008
-10.7
2018
Monthly Seasonality over the period Jan 2005 - May 2023

Monthly/Yearly Returns

Vanguard Small-Cap Growth (VBK) ETF data source starts from January 2005: let's focus on monthly and yearly returns.

We are providing two different views:
  • Histogram: it shows the distribution of the returns recorded so far
  • Plain Table: it shows the detailed monthly and yearly returns
MONTHLY RETURNS HISTOGRAM
Jan 2005 - May 2023
135 Positive Months (61%) - 86 Negative Months (39%)
MONTHLY RETURNS TABLE
Jan 2005 - May 2023
(Scroll down to see all data)
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2023
+6.69 +4.38 11.7 -2.3 -0.9 -1.3 0.0
2022
-28.44 -32.78 -12.8 -0.3 1.3 -11.0 -2.8 -8.0 11.7 -2.4 -9.0 7.0 2.7 -6.3
2021
+5.66 -1.29 2.2 3.0 -2.4 3.6 -2.7 4.7 -1.3 2.0 -3.9 5.5 -6.1 1.7
2020
+35.43 +33.61 -0.3 -6.8 -18.5 16.4 10.8 3.0 5.9 3.4 -1.5 0.9 14.2 8.3
2019
+32.75 +29.78 12.6 5.8 0.4 3.3 -6.4 7.3 1.8 -2.4 -1.5 1.5 6.2 1.5
2018
-5.69 -7.46 3.9 -3.2 1.5 0.3 5.8 1.2 1.0 7.0 -1.2 -11.4 2.0 -10.7
2017
+21.87 +19.35 2.7 2.7 0.5 1.4 0.4 2.0 1.4 -0.4 3.9 2.3 3.1 0.3
2016
+10.88 +8.62 -9.0 0.1 7.7 1.3 2.5 0.5 5.4 0.7 0.5 -5.4 6.5 0.7
2015
-2.63 -3.33 -0.9 6.0 -0.3 -0.7 2.7 -0.1 0.5 -7.0 -5.6 4.7 2.4 -3.5
2014
+4.01 +3.23 -1.1 5.1 -2.3 -3.8 0.7 5.8 -5.2 4.7 -4.8 3.9 1.0 0.7
2013
+38.26 +36.22 6.1 0.9 4.9 -0.4 4.4 -0.9 6.8 -1.9 6.1 2.5 2.4 2.5
2012
+17.81 +15.79 7.2 3.9 2.3 -1.0 -7.2 4.9 -1.3 4.0 2.6 -2.4 1.7 2.7
2011
-1.62 -4.45 0.9 6.2 3.2 3.3 -1.7 -2.0 -3.9 -8.6 -11.4 16.3 -0.7 -0.6
2010
+30.95 +29.02 -3.7 4.7 8.1 4.9 -7.5 -7.1 6.9 -6.6 13.6 4.7 3.8 8.0
2009
+42.79 +39.00 -6.9 -9.9 9.3 16.7 4.2 2.3 8.9 2.7 7.0 -6.7 3.1 8.8
2008
-40.32 -40.38 -9.1 -1.7 -1.3 6.6 6.0 -5.9 -0.8 2.7 -12.8 -22.2 -11.9 4.7
2007
+9.90 +5.59 2.7 0.3 1.9 3.5 5.1 -0.5 -4.9 1.5 3.5 3.5 -6.7 0.2
2006
+12.19 +9.41 8.3 -0.2 5.0 0.0 -6.0 -1.3 -4.8 2.1 0.9 5.6 3.0 -0.2
2005
+8.66 +5.08 -3.4 1.7 -2.7 -5.3 7.4 3.0 6.8 -1.1 0.8 -3.8 6.0 0.1