EES vs VB: Grades, Fees and Holdings Compared

WisdomTree U.S. SmallCap Fund

EESCNYSE Arca

Vanguard Morningstar Small-Cap ETF

VBANYSE Arca

Overlap

8.2%by weight

Expense ratio

VB −0.35pt a year

EES0.38%VB0.03%

Avg volume · 30D

VB 33.9×the volume

EES14.5KVB491K

10Y return · a year

VB +0.6pt

EES+10.4%VB+11.0%

EES vs VB Performance

Nov 9, 2021 – Nov 9, 2026

+33.2%EES+33.0%VB

Expense ratio: EES 0.38%; VB 0.03%, better
Fund size: EES $674M; VB $76.9B
1Y total return: EES +22.9%, better; VB +17.8%
Yield (12M): EES 1.16%; VB 1.24%, better
Holdings: EES 863; VB 1309
Avg volume (30D): EES 14.5K sh; VB 491K sh, better
NAV per share: EES $64.85; VB $285.63
52W range

ETF.net Grade

Pillar letters and Scores for EES, VB, with each pillar’s weight
Pillar	EES	VB
Cost30% weight	F19	A91Higher
Mission25% weight	B67	A86Higher
Risk15% weight	B62	B63Higher
Tradability15% weight	D30	C54Higher
Holdings10% weight	D36	B59Higher
Durability5% weight	C44	A86Higher

Rank among US Small-Cap funds

How we build Categories ›

Same Category. EES 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 EES 13th of 16 funds in the US Small-Cap Category.

Rank 1ASCHASchwab U.S. Small-Cap ETFScore 81
Rank 2AVBVanguard Morningstar Small-Cap ETFScore 76
Rank 3AVTWOVanguard Russell 2000 ETFScore 72
Rank 12CFDMFirst Trust Dow Jones Select MicroCap Index FundScore 43
Rank 13CEESWisdomTree U.S. SmallCap FundScore 41
Rank 13CIWCiShares Micro-Cap ETFScore 41

Our read on each fund

ETF.net Research

EESCWisdomTree U.S. SmallCap Fund

VBAVanguard Morningstar Small-Cap ETF

In short

EES EES buys only U.S. small caps that actually earn money, then weights them by the size of those profits instead of market value. A 2007-vintage answer to the unprofitable tail that cap-weighted small-cap funds carry.

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

EES The fund seeks to track the investment results of earnings-generating small-cap companies in the U.S. equity market.

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

EES The index screens for earnings-generating companies and weights by profits, so a stock's spot is tied to what it earns, not to what the market is willing to pay for it.wisdomtree.com
Roughly 900 stocks in the basket. That is a wide net for a screened fund, so no single small cap carries the portfolio.
Running since 2007, it has tracked its earnings-weighted index through the financial crisis and every small-cap cycle since. Long history, one consistent rulebook.
Follows its index closely, and pays out on a quarterly schedule.

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

EES At 0.38% a year, it costs more than the small-cap category's typical fund, and well more than plain cap-weighted options like VB (0.03%) and SCHA (0.03%).
Thinly traded next to the category's giants, so bid-ask spreads can run wider, especially in fast markets.
The profit screen leaves out unprofitable small caps by design, so returns will diverge from a standard small-cap index in both directions.

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 EES profile⁠

Full VB profile⁠

EES vs VB Holdings

How EES and VB differ

Overlap by weight

8.2%

Shared holdings make up 57.8% of EES and 8.2% of VB.

Level by level

Holdings293 in both8.2%
Sector11 Sectors82.8%
Countryby domicile99.0%
Asset classStocks100%

Sector

Sector weights in EES and VB, widest gap first
Sector	Gap	EES	VB
Financials	EES +10.1 points	22.5%	12.4%
Industrials	VB +5.1 points	12.4%	17.5%
Energy	EES +3.8 points	8.1%	4.3%
Health Care	VB +3.7 points	10.6%	14.3%
Real Estate	VB +3.7 points	3.9%	7.6%
Technology	VB +2.7 points	15.8%	18.5%
Utilities	VB +1.7 points	1.5%	3.2%
Consumer Staples	EES +1.3 points	4.7%	3.4%
Consumer Discretionary	EES +1.0 points	12.4%	11.4%
Communication	EES +0.9 points	3.9%	3.0%
Materials	VB +0.2 points	4.2%	4.4%

Country, concentration and asset class

Country by domicile

Country weights in EES and VB, widest gap first
Country	More in EESMore in VB	Gap	EES	VB
United States		VB +1.0 points	99.0%	100.0%
Other countries (6)		EES +1.0 points	1.0%	0.0%

Concentration

Weight in the 10 largest Holdings

EES8.1%
VB5.9%

Securities held

EES861
VB1,301

Asset class

EES: Stocks
VB: Stocks

Holdings

Only in EES568
In both293
Only in VB1,008

Only in EES

568 securities, 42.0% of EES by weight

Computer Sciences Corp0.59%
Victoria's Secret & Co0.58%
Hamilton Insurance Grou-Cl B0.47%
Par Pacific Holdings Inc0.47%
Garrett Motion Inc0.45%
Ardent Health Inc0.44%
j2 Global Inc0.43%
Enova International Inc0.40%
NMI Holdings Inc0.37%
Viad Corp0.37%
Stagwell Inc0.36%
Caredx Inc0.36%
Green Brick Partners Inc0.35%
Adtalem Global Education Inc0.34%
Anterix Inc0.34%
Cyberonics Inc0.32%
Clarivate Plc0.32%
NRG Yield Inc-Class C0.29%
Merchants Bancorp/In0.27%
Unitrin Inc0.26%
Vectrus Inc0.24%
Ibotta Inc-Cl A0.23%
Penguin Solutions Inc0.23%
Nabors Industries Ltd0.23%
Brightsphere Investment Grp0.23%
Arkansas Best Corp0.23%
SeaWorld Entertainment Inc0.22%
Nicolet Bankshares Inc0.22%
Gigacloud Technology Inc - A0.22%
Sezzle Inc0.22%
Dorian Lpg Ltd0.21%
Century Communities Inc0.21%
Amphastar Pharmaceuticals Inc0.20%
Openlane Inc0.19%
Brush Engineered Materials Inc0.19%
CBL & Associates Properties0.19%
HCI Group Inc0.19%
Enterprise Financial Services0.19%
Consensus Cloud Solution-W/I0.19%
Blue Bird Corp0.19%
Skyward Specialty Insurance0.18%
Onespaworld Holdings Ltd0.18%
Nutex Health Inc0.18%
Corporate Office Properties Tr0.18%
Mobileye Global Inc-A0.18%
Dave Inc0.18%
Aveanna Healthcare Holdings0.17%
Chefs' Warehouse Inc/The0.17%
Customers Bancorp Inc0.17%
Federal Agricultural Mortgage0.17%

Only in VB

1,008 securities, 91.7% 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 293 Holdings in both funds.

Holding weights in EES and VB, widest gap first
Holding	Gap	EES	VB
Venture Global Inc-Cl AVG	EES +1.33 points	1.36%	0.03%
Ringcentral Inc-Class ARNG	EES +0.93 points	0.99%	0.07%
Organon & CoOGN	EES +0.86 points	0.91%	0.05%
Matson IncMATX	EES +0.76 points	0.84%	0.08%
Harley-Davidson IncHOG	EES +0.68 points	0.71%	0.03%
Bread Financial HoldingsIncBFH	EES +0.65 points	0.70%	0.05%
Crescent Energy Inc-ACRGY	EES +0.62 points	0.67%	0.05%
BGC Group Inc-ABGC	EES +0.59 points	0.64%	0.05%
Virtu Financial Inc-Class AVIRT	EES +0.59 points	0.65%	0.06%
Levi Strauss & Co- Class ALEVI	EES +0.54 points	0.57%	0.03%
Academy Sports & Outdoors IncASO	EES +0.52 points	0.56%	0.04%
Perrigo CoPRGO	EES +0.45 points	0.48%	0.03%
Northern Oil And Gas IncNOG	EES +0.45 points	0.48%	0.03%
Concentrix CorpCNXC	EES +0.41 points	0.43%	0.02%
Cabot CorpCBT	EES +0.41 points	0.46%	0.05%
Sarepta Therapeutics IncSRPT	EES +0.41 points	0.43%	0.02%
Novavax IncNVAX	EES +0.40 points	0.42%	0.02%
Western Union Co/TheWU	EES +0.40 points	0.42%	0.02%
Cheesecake Factory Inc/TheCAKE	EES +0.39 points	0.45%	0.06%
Nelnet IncNNI	EES +0.39 points	0.41%	0.02%
Clear Secure Inc -Class AYOU	EES +0.38 points	0.43%	0.05%
Stride IncLRN	EES +0.37 points	0.41%	0.04%
Integer Holdings CorpITGR	EES +0.38 points	0.43%	0.05%
Fulton Financial CorpFULT	EES +0.37 points	0.42%	0.05%
International Seaways IncINSW	EES +0.36 points	0.39%	0.03%
Euronet Worldwide IncEEFT	EES +0.36 points	0.39%	0.03%
Five9 IncFIVN	EES +0.36 points	0.39%	0.03%
First Bancorp/Puerto RicoFBP	EES +0.36 points	0.41%	0.05%
Avient CorpAVNT	EES +0.35 points	0.40%	0.05%
Pitney Bowes IncPBI	EES +0.35 points	0.38%	0.03%
WSFS Financial CorpWSFS	EES +0.33 points	0.38%	0.05%
Energizer Holdings IncENR	EES +0.33 points	0.35%	0.02%
Griffon CorpGFF	EES +0.33 points	0.38%	0.05%
Cathay General BancorpCATY	EES +0.32 points	0.37%	0.05%
Concentra Group Holdings ParCON	EES +0.32 points	0.37%	0.05%
Upbound Group IncUPBD	EES +0.31 points	0.32%	0.01%
Iridium Communications IncIRDM	EES +0.32 points	0.37%	0.05%
Rush Enterprises IncRUSHA	EES +0.31 points	0.36%	0.05%
NCR Atleos CorpNATL	EES +0.29 points	0.33%	0.04%
Terex CorpTEX	EES +0.29 points	0.36%	0.07%
Inter Parfums IncIPAR	EES +0.29 points	0.31%	0.02%
Columbia Sportswear CoCOLM	EES +0.29 points	0.30%	0.01%
Siriuspoint LtdSPNT	EES +0.28 points	0.31%	0.03%
Korn FerryKFY	EES +0.27 points	0.32%	0.05%
Tenable Holdings IncTENB	EES +0.27 points	0.32%	0.05%
John Wiley & Sons IncWLY	EES +0.27 points	0.29%	0.02%
Trinet Group IncTNET	EES +0.27 points	0.29%	0.02%
Herbalife LtdHLF	EES +0.26 points	0.28%	0.02%
First Financial BancorpFFBC	EES +0.26 points	0.30%	0.04%
Uniti Group IncUNIT	EES +0.25 points	0.28%	0.03%
Provident Financial Services IncPFS	EES +0.26 points	0.29%	0.03%
WesBanco IncWSBC	EES +0.25 points	0.30%	0.05%
Cinemark Holdings IncCNK	EES +0.25 points	0.30%	0.05%
Scotts Miracle-Gro Co/TheSMG	EES +0.24 points	0.27%	0.03%
Sally Beauty Holdings IncSBH	EES +0.24 points	0.26%	0.02%
Otter Tail CorpOTTR	EES +0.24 points	0.29%	0.05%
Magnite IncMGNI	EES +0.24 points	0.28%	0.04%
Central Garden and Pet CoCENTA	EES +0.24 points	0.26%	0.02%
Mednax IncMD	EES +0.23 points	0.26%	0.03%
Sonic Automotive IncSAH	EES +0.23 points	0.24%	<0.01%
Newmark Group Inc-Class ANMRK	EES +0.23 points	0.25%	0.02%
Phinia IncPHIN	EES +0.22 points	0.25%	0.03%
Teradata CorpTDC	EES +0.23 points	0.26%	0.03%
Pacira Pharmaceuticals Inc/DEPCRX	EES +0.22 points	0.23%	0.01%
Crane NXT CoCXT	EES +0.22 points	0.25%	0.03%
EVERTEC IncEVTC	EES +0.22 points	0.24%	0.02%
Visteon Corp/NewVC	EES +0.22 points	0.25%	0.03%
Cactus Inc - AWHD	EES +0.22 points	0.27%	0.05%
First Interstate BancSystem IncFIBK	EES +0.22 points	0.26%	0.04%
First Hawaiian IncFHB	EES +0.22 points	0.26%	0.04%
Palomar Holdings IncPLMR	EES +0.22 points	0.24%	0.02%
Synaptics IncSYNA	EES +0.21 points	0.26%	0.05%
Oceaneering International IncOII	EES +0.22 points	0.27%	0.05%
Horace Mann Educators CorpHMN	EES +0.22 points	0.24%	0.02%
Deluxe CorpDLX	EES +0.22 points	0.23%	0.01%
National Beverage CorpFIZZ	EES +0.21 points	0.22%	<0.01%
Remitly Global IncRELY	EES +0.21 points	0.26%	0.05%
G-III Apparel Group LtdGIII	EES +0.21 points	0.22%	0.01%
First Merchants CorpFRME	EES +0.21 points	0.24%	0.03%
Yeti Holdings IncYETI	EES +0.20 points	0.24%	0.04%
Spectrum Brands Holdings IncSPB	EES +0.21 points	0.23%	0.02%
BankUnited IncBKU	EES +0.20 points	0.24%	0.04%
Trustmark CorpTRMK	EES +0.20 points	0.23%	0.03%
Oriental Financial Group IncOFG	EES +0.20 points	0.23%	0.03%
Cargurus IncCARG	EES +0.20 points	0.23%	0.03%
Envista Holdings CorpNVST	EES +0.19 points	0.24%	0.05%
Ingevity CorpNGVT	EES +0.19 points	0.22%	0.03%
Greenbrier Cos IncGBX	EES +0.19 points	0.21%	0.02%
CVB Financial CorpCVBF	EES +0.19 points	0.24%	0.05%
Wendy's/Arby's Group IncWEN	EES +0.19 points	0.20%	0.01%
Netscout Systems IncNTCT	EES +0.18 points	0.22%	0.04%
Integra LifeSciences HoldingsIART	EES +0.19 points	0.20%	0.01%
Minerals Technologies IncMTX	EES +0.18 points	0.21%	0.03%
Unifirst Corp/MAUNF	EES +0.18 points	0.23%	0.05%
Blackbaud IncBLKB	EES +0.18 points	0.20%	0.02%
Worthington Enterprises IncWOR	EES +0.18 points	0.20%	0.02%
Avista CorpAVA	EES +0.17 points	0.21%	0.04%
TowneBank/Portsmouth VATOWN	EES +0.17 points	0.21%	0.04%
Community Bank System IncCBU	EES +0.17 points	0.21%	0.04%
Century Aluminum CoCENX	EES +0.17 points	0.20%	0.03%

All 917 EES holdings⁠All 1,301 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.

EES vs VB Cost

Overpaying EES vs VB

$7,068

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

EES 0.38%
$7,706
VB 0.03%
$638

Amount$10,000

Years30 years

Cost over time

EES 0.38%
VB 0.03%
Overpaying

Year by year

Year	EES	VB	Overpaying
10	$688	$55	$633
20	$2,658	$216	$2,442
30	$7,706	$638	$7,068

Expense ratio

0.38%EES
0.03%VB, cheaper

VB0.03%EES0.38%

0.03%0.60%

Middle half of US Small-Cap funds
Median 0.20%

VB cheapest of 16 funds

EES 13th cheapest of 16 funds

EES vs VB Dividends

Last 12 months to Nov 9, 2026

Yield (12M): EES 1.16%; VB 1.24%, better
Payout (12M): EES $0.77; VB $3.65
Last payment: EES $0.21; VB $0.85
Ex-dividend: EES Sep 25, 2026; VB Sep 28, 2026
Paid on: EES Sep 29, 2026; VB Sep 30, 2026
Frequency: EES Quarterly; VB Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EESQuarterly · 40 paymentsAll EES payments⁠

VBQuarterly · 40 paymentsAll VB payments⁠

EES vs VB Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: EES 19.0%VB 16.4%, better
Return per unit of riskSharpe ratio, 3 years: EES 0.78VB 0.89, better
Worst fallMax drawdown, 5 years: EES −27.4%, betterVB −28.0%
Market sensitivityBeta, 5 years: EES 1.04VB 1.07; Market = 1

EES 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

EESCvsSCHAA
WisdomTree U.S. SmallCap Fund · Schwab U.S. Small-Cap ETF
Expense ratio
0.38% · 0.03%
Category
VBAvsSCHAA
Vanguard Morningstar Small-Cap ETF · Schwab U.S. Small-Cap ETF
Expense ratio
0.03% · 0.03%
Category
EESCvsVTWOA
WisdomTree U.S. SmallCap Fund · Vanguard Russell 2000 ETF
Expense ratio
0.38% · 0.06%
Category
VBAvsVTWOA
Vanguard Morningstar Small-Cap ETF · Vanguard Russell 2000 ETF
Expense ratio
0.03% · 0.06%
Category
EESCvsBKSEA
WisdomTree U.S. SmallCap Fund · BNY Mellon US Small Cap Core Equity ETF
Expense ratio
0.38% · 0.04%
Category
VBAvsIWMB
Vanguard Morningstar Small-Cap ETF · iShares Russell 2000 ETF
Expense ratio
0.03% · 0.19%
Category

EES vs VB

In short

Stated mandate

Why people hold it