EBIT vs VB: Grades, Fees and Holdings Compared

Harbor AlphaEdge Small Cap Earners ETF (EBIT)

EBITCNYSE Arca

Vanguard Morningstar Small-Cap ETF

VBANYSE Arca

Overlap

11.6%by weight

Expense ratio

VB −0.26pt a year

EBIT0.29%VB0.03%

Avg volume · 30D

VB 935.6×the volume

EBIT533VB499K

EBIT vs VB Performance

Oct 31, 2025 – Oct 30, 2026

+19.1%EBIT+15.3%VB

Expense ratio: EBIT 0.29%; VB 0.03%, better
Fund size: EBIT $13M; VB $176B
1Y total return: EBIT +19.1%, better; VB +15.3%
Yield (12M): EBIT 1.72%, better; VB 1.26%
Holdings: EBIT 594; VB 1305
Avg volume (30D): EBIT 533 sh; VB 499K sh, better
NAV per share: EBIT $38.92; VB $290.35
52W range

ETF.net Grade

Pillar letters and Scores for EBIT, VB, with each pillar’s weight
Pillar	EBIT	VB
Cost30% weight	D25	A91Higher
Mission25% weight	A89Higher	A86
Risk15% weight	A74Higher	B63
Tradability15% weight	F18	B57Higher
Holdings10% weight	D38	B59Higher
Durability5% weight	F20	A91Higher

Rank among US Small-Cap funds

How we build Categories ›

Same Category. EBIT and VB are both graded against the same 16 US Small-Cap funds, so their Grades compare head to head.

US Small-Cap⁠

Category · 16 funds

See all 16 ›

VB ranks 2nd and EBIT 11th of 16 funds in the US Small-Cap Category.

Rank 1ASCHASchwab U.S. Small-Cap ETFScore 81
Rank 2AVBVanguard Morningstar Small-Cap ETFScore 77
Rank 3ABKSEBNY Mellon US Small Cap Core Equity ETFScore 72
Rank 10BBBSCJPMorgan BetaBuilders U.S. Small Cap Equity ETFScore 61
Rank 11CEBITHarbor AlphaEdge Small Cap Earners ETF (EBIT)Score 48
Rank 12CFDMFirst Trust Dow Jones Select MicroCap Index FundScore 44

Our read on each fund

ETF.net Research

EBITCHarbor AlphaEdge Small Cap Earners ETF (EBIT)

VBAVanguard Morningstar Small-Cap ETF

In short

EBIT Harbor skipped the licensed benchmarks and built its own small-cap index, and EBIT is the wrapper. Roughly 600 small caps, house rules, priced a shade above the plain-vanilla crowd.

VB Vanguard's small-cap workhorse: roughly 1,400 smaller US companies for three basis points. The CRSP index behind it shifts stocks between size bands in two half steps instead of one jump, which holds turnover down. Trading since 2004.

Stated mandate

EBIT The fund seeks to track, before fees and expenses, the performance of the Harbor AlphaEdge Small Cap Earners Index.

VB The fund seeks to track the CRSP US Small Cap Index, which measures the investment performance of small U.S. companies. It uses an indexing approach and generally replicates the index by holding its securities in approximately their index weights.

Why people hold it

EBIT Does what the prospectus says: track the Harbor AlphaEdge Small Cap Earners Index, with very little drift between fund and benchmark.
Roughly 600 small caps in one ticker, so no single name drives the outcome.
At 0.29% a year, it charges index-fund money for a rules-based screen rather than active-manager money.

VB Three basis points a year, against a small-cap category median near 0.25%. Cost is the one edge in indexing you actually keep.
About 1,400 stocks held at roughly their index weights, so no single small-cap story carries the fund.vanguard.com
Its CRSP benchmark migrates a stock between size segments in two 50% packets instead of one move, a design built to cut turnover.crsp.com
Running since 2004, actively traded, and one of the strongest implementations in its 20-fund small-cap peer group.

Worth knowing

EBIT A small, thinly traded fund. Spreads can run wider than in the category's heavyweights, which makes order type matter more.
That 0.29% sits above the 0.25% small-cap median and far above core beta like VB and SCHA at 0.03%.
Launched in 2024, so the index has not yet been tested across a full market cycle.

VB Small companies move harder in both directions than large-cap benchmarks, and this is full, unhedged exposure to that.
Benchmarks disagree on where small cap starts. VB follows CRSP, while IWM and VTWO track the Russell 2000, so holdings and results can drift apart.
US companies only, and distributions land quarterly rather than monthly.

Full EBIT profile⁠

Full VB profile⁠

EBIT vs VB Holdings

How EBIT and VB differ

Overlap by weight

11.6%

Shared holdings make up 65.7% of EBIT and 11.6% of VB.

Level by level

Holdings287 in both11.6%
Sector11 Sectors73.9%
Countryby domicile97.9%
Asset classEquity100%

Sector

Sector weights in EBIT and VB, widest gap first
Sector	More in EBITMore in VB	EBIT	VB
Financials	EBIT +15.5 points	27.9%	12.4%
Technology	VB +11.2 points	7.3%	18.5%
Health Care	VB +9.1 points	5.2%	14.3%
Energy	EBIT +6.5 points	10.8%	4.3%
Industrials	VB +4.4 points	13.1%	17.5%
Consumer Discretionary	EBIT +3.9 points	15.3%	11.4%
Consumer Staples	VB +0.5 points	2.9%	3.4%
Materials	VB +0.4 points	4.0%	4.4%
Utilities	VB +0.4 points	2.8%	3.2%
Real Estate	EBIT +0.1 points	7.7%	7.6%
Communication	Same weight	3.0%	3.0%

Country, concentration and asset class

Country by domicile

Country weights in EBIT and VB, widest gap first
Country	More in EBITMore in VB	EBIT	VB
United States	VB +2.1 points	97.9%	100.0%
Brazil	EBIT +1.6 points	1.6%	0.0%
Other countries (2)	EBIT +0.4 points	0.4%	0.0%

Concentration

Weight in the 10 largest Holdings

EBIT7.9%
VB5.9%

Securities held

EBIT594
VB1,299

Asset class

EBIT: Equity
VB: Equity

Holdings

Only in EBIT307
In both287
Only in VB1,012

Only in EBIT

307 securities, 34.3% of EBIT by weight

Marex Group Ltd0.64%
Pagseguro Digital Ltd-Cl A0.64%
Scorpio Tankers Inc0.59%
Community Health Systems Inc0.54%
Federal Agric Mtg Corp-Cl C0.47%
Stoneco Ltd-A0.46%
Diebold Nixdorf Inc0.43%
Hamilton Insurance Grou-Cl B0.41%
Teekay Tankers Ltd-Class A0.40%
Highpeak Energy Inc0.39%
Gray Media Inc0.37%
Teekay Corp Ltd0.37%
Brightstar Lottery PLC0.36%
Embecta Corp0.33%
Green Brick Partners Inc0.30%
Enova International Inc0.29%
U.s. Physical Therapy Inc0.29%
Atlanticus Holdings Corp0.29%
Wiley (John) & Sons-Class A0.28%
Information Services Group0.28%
Eplus Inc0.27%
Garrett Motion Inc0.26%
Nabors Industries Ltd0.26%
Nmi Holdings Inc0.25%
Velocity Financial Inc0.25%
Phibro Animal Health Corp-A0.24%
Costamare Inc0.24%
Hci Group Inc0.22%
United Parks & Resorts Inc0.22%
Pursuit Attractions and Hosp0.22%
Myers Industries Inc0.21%
Artivion Inc0.21%
Ardent Health Inc0.20%
Byline Bancorp Inc0.20%
Pra Group Inc0.20%
Nicolet Bankshares Inc0.20%
Masterbrand Inc0.20%
Gulfport Energy Corp0.20%
Bancorp Inc/The0.19%
Stagwell Inc0.19%
Adient PLC0.19%
Constellium SE0.19%
Merchants Bancorp/In0.19%
Par Pacific Holdings Inc0.18%
A10 Networks Inc0.18%
Astrana Health Inc0.18%
Connectone Bancorp Inc0.18%
Happen Inc0.18%
Amalgamated Financial Corp0.17%
Dime Commercial Bancshares I0.17%

Only in VB

1,012 securities, 88.4% of VB by weight

SLCMT11421.31%
Natera Inc0.72%
Twilio Inc0.57%
Revolution Medicines Inc0.53%
Illumina Inc0.52%
Everpure Inc0.52%
Okta Inc0.44%
Moderna Inc0.44%
EMCOR Group Inc0.42%
Credo Technology Group Holding Ltd0.42%
Jabil Inc0.38%
Williams-Sonoma Inc0.34%
TechnipFMC PLC0.34%
Atmos Energy Corp0.33%
nVent Electric PLC0.33%
ATI Inc0.33%
F5 Inc0.32%
Entegris Inc0.30%
United Therapeutics Corp0.29%
Smurfit Westrock PLC0.29%
Tapestry Inc0.29%
Guardant Health Inc0.29%
Casey's General Stores Inc0.28%
Incyte Corp0.26%
MACOM Technology Solutions Holdings Inc0.26%
Tenet Healthcare Corp0.26%
Viatris Inc0.26%
Flex Ltd0.26%
SoFi Technologies Inc0.26%
Omnicom Group Inc0.26%
Roku Inc0.25%
NRG Energy Inc0.25%
Curtiss-Wright Corp0.25%
Royal Gold Inc0.25%
US Foods Holding Corp0.25%
Reliance Inc0.25%
Liberty Media Corp0.25%
XPO Inc0.25%
Expand Energy Corp0.25%
Woodward Inc0.25%
NiSource Inc0.24%
Affirm Holdings Inc0.23%
Roivant Sciences Ltd0.23%
TD SYNNEX Corp0.23%
Carpenter Technology Corp0.23%
Nutanix Inc0.23%
ITT Inc0.23%
MKS Inc0.23%
Lattice Semiconductor Corp0.23%
Best Buy Co Inc0.22%

Weight gaps

The 100 widest of 287 Holdings in both funds.

Holding weights in EBIT and VB, widest gap first
Holding	More in EBITMore in VB	EBIT	VB
Navient Holdings IncNAVI	EBIT +1.87 points	1.87%	<0.01%
Pennymac Financial ServicesPFSI	EBIT +0.69 points	0.71%	0.02%
Stonex Group IncSNEX	EBIT +0.68 points	0.77%	0.09%
Jackson Financial Inc-AJXN	EBIT +0.67 points	0.78%	0.11%
Abercrombie & Fitch Co-Cl AANF	EBIT +0.62 points	0.70%	0.08%
Bread Financial Holdings IncBFH	EBIT +0.57 points	0.62%	0.05%
Cnx Resources CorpCNX	EBIT +0.55 points	0.61%	0.06%
Cvr Energy IncCVI	EBIT +0.52 points	0.54%	0.02%
International Seaways IncINSW	EBIT +0.51 points	0.54%	0.03%
Group 1 Automotive IncGPI	EBIT +0.47 points	0.50%	0.03%
Enact Holdings IncACT	EBIT +0.45 points	0.47%	0.02%
Essent Group LtdESNT	EBIT +0.44 points	0.50%	0.06%
Matson IncMATX	EBIT +0.44 points	0.52%	0.08%
Old National BancorpONB	EBIT +0.43 points	0.54%	0.11%
Murphy Oil CorpMUR	EBIT +0.43 points	0.49%	0.06%
Asbury Automotive GroupABG	EBIT +0.42 points	0.46%	0.04%
Meritage Homes CorpMTH	EBIT +0.42 points	0.47%	0.05%
Northern Oil and Gas IncNOG	EBIT +0.40 points	0.43%	0.03%
Nelnet Inc-Cl ANNI	EBIT +0.39 points	0.41%	0.02%
Valley National BancorpVLY	EBIT +0.37 points	0.45%	0.08%
Kohls CorpKSS	EBIT +0.36 points	0.39%	0.03%
Hilton Grand Vacations IncHGV	EBIT +0.35 points	0.38%	0.03%
Cal-Maine Foods IncCALM	EBIT +0.35 points	0.39%	0.04%
Radian Group IncRDN	EBIT +0.35 points	0.40%	0.05%
Qualys IncQLYS	EBIT +0.35 points	0.43%	0.08%
Axos Financial IncAX	EBIT +0.34 points	0.40%	0.06%
F&G Annuities & Life IncFG	EBIT +0.34 points	0.35%	<0.01%
Huron Consulting Group IncHURN	EBIT +0.34 points	0.37%	0.03%
Herc Holdings IncHRI	EBIT +0.34 points	0.39%	0.05%
Umb Financial CorpUMBF	EBIT +0.34 points	0.45%	0.11%
Home Bancshares IncHOMB	EBIT +0.33 points	0.40%	0.07%
Academy Sports & Outdoors InASO	EBIT +0.33 points	0.37%	0.04%
Kb HomeKBH	EBIT +0.33 points	0.36%	0.03%
Mercury General CorpMCY	EBIT +0.32 points	0.35%	0.03%
Noble Corp PLCNE	EBIT +0.31 points	0.38%	0.07%
California Resources CorpCRC	EBIT +0.32 points	0.37%	0.05%
Surgery Partners IncSGRY	EBIT +0.31 points	0.32%	0.01%
Valaris LtdVAL	EBIT +0.30 points	0.36%	0.06%
Uniti Group IncUNIT	EBIT +0.30 points	0.33%	0.03%
Kinetik Holdings IncKNTK	EBIT +0.30 points	0.34%	0.04%
United Bankshares IncUBSI	EBIT +0.30 points	0.38%	0.08%
Hancock Whitney CorpHWC	EBIT +0.30 points	0.37%	0.07%
Cathay General BancorpCATY	EBIT +0.30 points	0.35%	0.05%
Life Time Group Holdings IncLTH	EBIT +0.29 points	0.37%	0.08%
International Bancshares CrpIBOC	EBIT +0.29 points	0.34%	0.05%
Quaker Chemical CorporationKWR	EBIT +0.29 points	0.32%	0.03%
Victory Capital Holding - AVCTR	EBIT +0.29 points	0.36%	0.07%
Cno Financial Group IncCNO	EBIT +0.29 points	0.35%	0.06%
Urban Outfitters IncURBN	EBIT +0.29 points	0.35%	0.06%
Signet Jewelers LtdSIG	EBIT +0.29 points	0.34%	0.05%
M/I Homes IncMHO	EBIT +0.29 points	0.31%	0.02%
Insight Enterprises IncNSIT	EBIT +0.28 points	0.34%	0.06%
Terex CorpTEX	EBIT +0.28 points	0.35%	0.07%
Fulton Financial CorpFULT	EBIT +0.27 points	0.32%	0.05%
Herbalife LtdHLF	EBIT +0.26 points	0.28%	0.02%
United Community Banks/GaUCB	EBIT +0.26 points	0.31%	0.05%
Southwest Gas Holdings IncSWX	EBIT +0.26 points	0.33%	0.07%
Cabot CorpCBT	EBIT +0.26 points	0.31%	0.05%
Gatx CorpGATX	EBIT +0.25 points	0.33%	0.08%
Wsfs Financial CorpWSFS	EBIT +0.26 points	0.31%	0.05%
Brinker International IncEAT	EBIT +0.26 points	0.36%	0.10%
Spire IncSR	EBIT +0.25 points	0.31%	0.06%
Ameris BancorpABCB	EBIT +0.26 points	0.32%	0.06%
Dream Finders Homes Inc - ADFH	EBIT +0.26 points	0.26%	<0.01%
First Interstate Bancsys-AFIBK	EBIT +0.25 points	0.29%	0.04%
Artisan Partners Asset Ma -AAPAM	EBIT +0.25 points	0.28%	0.03%
Cushman & Wakefield LtdCWK	EBIT +0.24 points	0.28%	0.04%
First Bancorp Puerto RicoFBP	EBIT +0.25 points	0.30%	0.05%
Atlantic Union Bankshares CoAUB	EBIT +0.25 points	0.32%	0.07%
Graham Holdings Co-Class BGHC	EBIT +0.25 points	0.29%	0.04%
Selective Insurance GroupSIGI	EBIT +0.25 points	0.31%	0.06%
Ryman Hospitality PropertiesRHP	EBIT +0.24 points	0.34%	0.10%
Kite Realty Group TrustKRG	EBIT +0.24 points	0.30%	0.06%
Kontoor Brands IncKTB	EBIT +0.24 points	0.28%	0.04%
Brink's Co/TheBCO	EBIT +0.24 points	0.29%	0.05%
Energizer Holdings IncENR	EBIT +0.23 points	0.25%	0.02%
Apple Hospitality Reit IncAPLE	EBIT +0.24 points	0.28%	0.04%
Boise Cascade CoBCC	EBIT +0.24 points	0.27%	0.03%
Genworth Financial IncGNW	EBIT +0.24 points	0.28%	0.04%
Griffon CorpGFF	EBIT +0.23 points	0.28%	0.05%
Sl Green Realty CorpSLG	EBIT +0.24 points	0.28%	0.04%
Tidewater IncTDW	EBIT +0.24 points	0.28%	0.04%
Siriuspoint LtdSPNT	EBIT +0.23 points	0.26%	0.03%
First Financial BancorpFFBC	EBIT +0.23 points	0.27%	0.04%
Skywest IncSKYW	EBIT +0.22 points	0.27%	0.05%
Black Hills CorpBKH	EBIT +0.22 points	0.29%	0.07%
Portland General Electric CoPOR	EBIT +0.22 points	0.29%	0.07%
Walker & Dunlop IncWD	EBIT +0.23 points	0.24%	0.01%
Moelis & Co - Class AMC	EBIT +0.23 points	0.28%	0.05%
Bankunited IncBKU	EBIT +0.22 points	0.26%	0.04%
Pbf Energy Inc-Class APBF	EBIT +0.22 points	0.32%	0.10%
O-I Glass IncOI	EBIT +0.22 points	0.23%	0.01%
American Eagle OutfittersAEO	EBIT +0.22 points	0.25%	0.03%
Pebblebrook Hotel TrustPEB	EBIT +0.21 points	0.24%	0.03%
Stride IncLRN	EBIT +0.21 points	0.25%	0.04%
Yelp IncYELP	EBIT +0.21 points	0.22%	0.01%
Ufp Industries IncUFPI	EBIT +0.21 points	0.26%	0.05%
Red Rock Resorts Inc-Class ARRR	EBIT +0.21 points	0.23%	0.02%
Phinia IncPHIN	EBIT +0.20 points	0.23%	0.03%
Pacs Group IncPACS	EBIT +0.20 points	0.23%	0.03%

All 597 EBIT holdings⁠All 1,357 VB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EBIT vs VB Cost

Overpaying EBIT vs VB

$5,314

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EBIT 0.29%
$5,952
VB 0.03%
$638

Amount$10,000

Years30 years

Cost over time

EBIT 0.29%
VB 0.03%
Overpaying

Year by year

Year	EBIT	VB	Overpaying
10	$527	$55	$472
20	$2,044	$216	$1,828
30	$5,952	$638	$5,314

Expense ratio

0.29%EBIT
0.03%VB, cheaper

VB0.03%EBIT0.29%

0.03%0.60%

Middle half of US Small-Cap funds
Median 0.20%

VB cheapest of 16 funds

EBIT 12th cheapest of 16 funds

EBIT vs VB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EBIT 1.72%, better; VB 1.26%
Payout (12M): EBIT $0.67; VB $3.65
Last payment: EBIT $0.67; VB $0.85
Ex-dividend: EBIT Dec 19, 2025; VB Sep 28, 2026
Paid on: EBIT Dec 24, 2025; VB Sep 30, 2026
Frequency: EBIT Irregular; VB Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EBITIrregular · 2 paymentsAll EBIT payments⁠

VBQuarterly · 40 paymentsAll VB payments⁠

EBIT vs VB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EBIT 15.9%since Aug 2024VB 16.4%
Return per unit of riskSharpe ratio, 3 years: EBIT 0.29since Aug 2024VB 0.89
Worst fallMax drawdown, 5 years: EBIT −26.6%since Jul 2024VB −28.2%
Market sensitivityBeta, 5 years: EBIT 0.84VB 1.07; Market = 1

EBIT and VB in the news

All news⁠

Best ETFs
Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%
Updated Nov 2, 2026VB
Head-to-Head
Hold VB over IWM for a small-cap stake
Oct 30, 2026VB
Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Updated Oct 2, 2026VB
ETF Filings
Vanguard files for a U.S. small-mid cap active ETF after last year’s three reached $161 million
Sep 21, 2026VB

Popular comparisons

EBITCvsSCHAA
Harbor AlphaEdge Small Cap Earners ETF (EBIT) · Schwab U.S. Small-Cap ETF
Expense ratio
0.29% · 0.03%
Category
VBAvsSCHAA
Vanguard Morningstar Small-Cap ETF · Schwab U.S. Small-Cap ETF
Expense ratio
0.03% · 0.03%
Category
EBITCvsBKSEA
Harbor AlphaEdge Small Cap Earners ETF (EBIT) · BNY Mellon US Small Cap Core Equity ETF
Expense ratio
0.29% · 0.04%
Category
VBAvsBKSEA
Vanguard Morningstar Small-Cap ETF · BNY Mellon US Small Cap Core Equity ETF
Expense ratio
0.03% · 0.04%
Category
EBITCvsVTWOA
Harbor AlphaEdge Small Cap Earners ETF (EBIT) · Vanguard Russell 2000 ETF
Expense ratio
0.29% · 0.06%
Category
VBAvsVTWOA
Vanguard Morningstar Small-Cap ETF · Vanguard Russell 2000 ETF
Expense ratio
0.03% · 0.06%
Category

EBIT vs VB

In short

Stated mandate

Why people hold it