VBK(VBK)
AI Look-Through Summary
AI GeneratedThe portfolio's sector allocation exhibits a notable tilt towards growth-oriented sectors, with Technology and Industrials comprising nearly one-quarter of its holdings. The fund's exposure to Consumer Cyclical and Healthcare is relatively limited, while Real Estate accounts for only 2.2% of the total. Geographically, the data does not provide insight into regional diversification.
The top holdings reveal a mix of smaller-cap growth stocks with high R&D intensity, such as CIEN and COHR. The fund's weighted P/E ratio is elevated at 33.2x, suggesting a valuation posture that may be more sensitive to market downturns. A significant portion of the portfolio's value is concentrated in just a few holdings, with ALAB and CIEN representing nearly 3% of the total combined. This concentration risk may be a consideration for investors seeking to manage their exposure to specific stocks or sectors.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 07:44:50.958535+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 92/100The investment theme implied by the name VBK, which stands for Vanguard Small-Cap Value ETF, is strongly supported by the provided data. The top holdings list features companies like BE, CIEN, and LITE, all of which are established small-cap entities operating within industrials or technology sectors rather than mega-cap blue chips that often dilute thematic purity in value strategies. There is no evidence of unrelated large-cap stocks dominating the portfolio to artificially stabilize returns; instead, the concentration remains low with a top-ten weight of only 9.3%, indicating a genuine focus on smaller market capitalizations consistent with its stated objective. The sector distribution further reinforces this alignment, as technology and industrials comprise nearly half of the total exposure while maintaining broad diversification across forty-three holdings in tech alone, avoiding over-reliance on any single sub-sector that might skew the small-cap value profile.
Sector coherence appears robust given the balanced weighting between growth-oriented sectors like technology and traditional value staples such as industrials and consumer cyclicals. The presence of healthcare, energy, and real estate adds necessary breadth without overwhelming the core identity defined by small-market opportunities. This fund demonstrates clear differentiation from broad market indices through its specific tilt toward smaller companies across diverse industries rather than tracking a general large-cap or total market benchmark. While the inclusion of various sectors might seem eclectic at first glance, the consistent underweighting in utilities and consumer defensives alongside significant exposure to cyclical areas suggests an intentional strategy to capture value drivers prevalent in the small-cap segment. The data indicates a portfolio constructed with discipline regarding size constraints while maintaining sufficient sector variety to navigate different economic cycles effectively without compromising its fundamental mandate.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 15:36:55.464828+00
🏢 Sector Analysis
AI GeneratedThe sector allocation of VBK reveals a distinct focus on growth-oriented industries, with Technology and Industrials collectively comprising over 24% of the portfolio. This heavy weighting suggests an investment thesis centered on companies driving industrial innovation and digital transformation rather than established utility or defensive plays. The presence of significant capital in Consumer Cyclical holdings further supports this view, indicating exposure to discretionary spending patterns linked to economic expansion. Conversely, the minimal allocation to Utilities at 0.2% alongside negligible positions in Consumer Defensive sectors highlights a deliberate avoidance of low-beta, income-generating assets typically associated with market downturns or high-interest rate environments.
Concentration risk appears managed through a diversified holding structure across top sectors rather than reliance on individual mega-cap names, as evidenced by the Top-10 concentration metric sitting at 9.3%. The distribution within Technology and Industrials shows broad participation in both sub-sectors without extreme skew toward any single entity, which may mitigate idiosyncratic risk while maintaining sector-specific factor tilts. However, the sheer dominance of these two sectors implies that portfolio performance will remain highly sensitive to macroeconomic variables affecting capital expenditure cycles and tech valuation multiples. The limited exposure to Real Estate, Financial Services, and Energy suggests the fund is not positioned to capitalize heavily on interest rate-sensitive assets or traditional resource plays, reinforcing a strategy tailored for periods where growth momentum outweighs value characteristics in market drivers.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-22 08:00:37.50621+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share VBK's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of VBK's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| VBVB | $170B | — | 225 | 74.5% |
| SPTMSPTM | $12B | — | 345 | 71.2% |
| VXFVXF | $84B | — | 228 | 69.1% |
| ONEOONEO | $25M | — | 206 | 63.5% |
| VONGVONG | $46B | — | 143 | 47.9% |
75% of VBK's portfolio by weight is also held by VB, which commands 4× more assets under management. When VB receives inflows, it mechanically buys these shared stocks — dragging VBK's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofVBK's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 66% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 70% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside VBK collectively pay out 64% of their Free Cash Flow to maintain the current yield. This is a sustainable payout level with moderate room for dividend growth. Based on 20% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryVBK is up 22.2% over the last 12 months. The underlying weighted earnings growth of its constituents is +26.2%. Despite earnings growth, valuations have contracted by 3.9% — the market is paying less per dollar of earnings than a year ago.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 62% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of VBK's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of VBK's analyzed weight, 43% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 57% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 43% of fund weight with available data. Not investment advice.
Passive Crowding Score
MODERATEHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
VBK has a Passive Crowding Score of 37/100. On average, 11.2% of the market capitalization of VBK's underlying holdings is structurally locked in passive ETF vehicles. This indicates moderate passive ownership density. Index rebalances and ETF creation/redemption activity can amplify short-term volatility in the underlying holdings.
Passive $ = Σ(ETF AUM × holding weight) across all 14 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | CRDO | Credo Technology Group Holding Ltd. Technology | 1.24% | 82.7x | 7/9 |
| 2 | RVMD | Revolution Medicines Inc. | 1.04% | — | — |
| 3 | ALAB | Astera Labs Inc. Technology | 1.02% | 216.9x | 5/9 |
| 4 | NTRA | Natera Inc. Healthcare | 1.01% | — | 4/9 |
| 5 | TWLO | Twilio Inc. Class A | 0.86% | 553.6x | 6/9 |
| 6 | CRS | Carpenter Technology Corp. Industrials | 0.80% | 58.5x | 7/9 |
| 7 | CASY | Casey's General Stores Inc. Consumer Cyclical | 0.80% | 40.6x | 5/9 |
| 8 | CW | Curtiss-Wright Corp. Industrials | 0.77% | 52.4x | 8/9 |
| 9 | FTAI | FTAI Aviation Ltd. Industrials | 0.76% | 40.7x | 5/9 |
| 10 | ENTG | Entegris Inc. Technology | 0.75% | 72.0x | 5/9 |
| 11 | NVT | nVent Electric plc | 0.75% | 43.9x | 6/9 |
| 12 | ATI | Allegheny Technologies Inc. Industrials | 0.74% | 61.4x | 8/9 |
| 13 | MTZ | MasTec Inc. | 0.72% | 60.5x | 7/9 |
| 14 | FTI | TechnipFMC plc Energy | 0.72% | 27.6x | 9/9 |
| 15 | MTSI | MACOM Technology Solutions Holdings Inc. | 0.71% | 97.1x | 5/9 |
Historical Holdings Snapshots
Browse how VBK’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-07-19
15 holdings · 12.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | CRDO | 1.24% | 2,199,102 | $598.0M |
| 2 | RVMD | 1.04% | 2,675,359 | $501.0M |
| 3 | ALAB | 1.02% | 1,021,795 | $493.5M |
| 4 | NTRA | 1.01% | 1,802,288 | $489.2M |
| 5 | TWLO | 0.86% | 2,010,799 | $414.9M |
| 6 | CASY | 0.80% | 489,615 | $389.1M |
| 7 | CRS | 0.80% | 625,331 | $385.7M |
| 8 | CW | 0.77% | 489,453 | $370.9M |
| 9 | FTAI | 0.76% | 1,358,956 | $367.6M |
| 10 | ENTG | 0.75% | 2,020,034 | $363.3M |
| 11 | NVT | 0.75% | 2,141,741 | $363.3M |
| 12 | ATI | 0.74% | 1,807,995 | $356.4M |
| 13 | FTI | 0.72% | 5,283,980 | $350.3M |
| 14 | MTZ | 0.72% | 837,161 | $348.3M |
| 15 | MTSI | 0.71% | 909,562 | $346.0M |
2026-07-18
15 holdings · 12.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | CRDO | 1.24% | 2,199,102 | $598.0M |
| 2 | RVMD | 1.04% | 2,675,359 | $501.0M |
| 3 | ALAB | 1.02% | 1,021,795 | $493.5M |
| 4 | NTRA | 1.01% | 1,802,288 | $489.2M |
| 5 | TWLO | 0.86% | 2,010,799 | $414.9M |
| 6 | CASY | 0.80% | 489,615 | $389.1M |
| 7 | CRS | 0.80% | 625,331 | $385.7M |
| 8 | CW | 0.77% | 489,453 | $370.9M |
| 9 | FTAI | 0.76% | 1,358,956 | $367.6M |
| 10 | ENTG | 0.75% | 2,020,034 | $363.3M |
| 11 | NVT | 0.75% | 2,141,741 | $363.3M |
| 12 | ATI | 0.74% | 1,807,995 | $356.4M |
| 13 | FTI | 0.72% | 5,283,980 | $350.3M |
| 14 | MTZ | 0.72% | 837,161 | $348.3M |
| 15 | MTSI | 0.71% | 909,562 | $346.0M |
2026-07-17
15 holdings · 12.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | CRDO | 1.24% | 2,199,102 | $598.0M |
| 2 | RVMD | 1.04% | 2,675,359 | $501.0M |
| 3 | ALAB | 1.02% | 1,021,795 | $493.5M |
| 4 | NTRA | 1.01% | 1,802,288 | $489.2M |
| 5 | TWLO | 0.86% | 2,010,799 | $414.9M |
| 6 | CRS | 0.80% | 625,331 | $385.7M |
| 7 | CASY | 0.80% | 489,615 | $389.1M |
| 8 | CW | 0.77% | 489,453 | $370.9M |
| 9 | FTAI | 0.76% | 1,358,956 | $367.6M |
| 10 | NVT | 0.75% | 2,141,741 | $363.3M |
| 11 | ENTG | 0.75% | 2,020,034 | $363.3M |
| 12 | ATI | 0.74% | 1,807,995 | $356.4M |
| 13 | FTI | 0.72% | 5,283,980 | $350.3M |
| 14 | MTZ | 0.72% | 837,161 | $348.3M |
| 15 | MTSI | 0.71% | 909,562 | $346.0M |
2026-07-16
15 holdings · 12.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | CRDO | 1.24% | 2,199,102 | $598.0M |
| 2 | RVMD | 1.04% | 2,675,359 | $501.0M |
| 3 | ALAB | 1.02% | 1,021,795 | $493.5M |
| 4 | NTRA | 1.01% | 1,802,288 | $489.2M |
| 5 | TWLO | 0.86% | 2,010,799 | $414.9M |
| 6 | CASY | 0.80% | 489,615 | $389.1M |
| 7 | CRS | 0.80% | 625,331 | $385.7M |
| 8 | CW | 0.77% | 489,453 | $370.9M |
| 9 | FTAI | 0.76% | 1,358,956 | $367.6M |
| 10 | ENTG | 0.75% | 2,020,034 | $363.3M |
| 11 | NVT | 0.75% | 2,141,741 | $363.3M |
| 12 | ATI | 0.74% | 1,807,995 | $356.4M |
| 13 | FTI | 0.72% | 5,283,980 | $350.3M |
| 14 | MTZ | 0.72% | 837,161 | $348.3M |
| 15 | MTSI | 0.71% | 909,562 | $346.0M |
2026-07-15
15 holdings · 14.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ALAB | 1.38% | 1,874,007 | $642.5M |
| 2 | CIEN | 1.14% | 916,165 | $531.6M |
| 3 | RKLB | 1.13% | 3,674,919 | $527.3M |
| 4 | CRDO | 1.06% | 2,105,727 | $497.0M |
| 5 | BE | 1.05% | 1,726,089 | $491.9M |
| 6 | COHR | 0.94% | 1,214,263 | $438.9M |
| 7 | FIX | 0.89% | 227,807 | $416.5M |
| 8 | RVMD | 0.87% | 2,568,351 | $404.5M |
| 9 | LITE | 0.85% | 462,388 | $395.3M |
| 10 | ASTS | 0.82% | 3,362,356 | $381.3M |
| 11 | NTRA | 0.82% | 1,715,956 | $383.3M |
| 12 | TWLO | 0.80% | 1,962,365 | $374.1M |
| 13 | CASY | 0.79% | 480,139 | $368.3M |
| 14 | FTI | 0.76% | 5,180,949 | $354.5M |
| 15 | CW | 0.76% | 477,589 | $357.1M |
2026-07-14
15 holdings · 14.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ALAB | 1.38% | 1,874,007 | $642.5M |
| 2 | CIEN | 1.14% | 916,165 | $531.6M |
| 3 | RKLB | 1.13% | 3,674,919 | $527.3M |
| 4 | CRDO | 1.06% | 2,105,727 | $497.0M |
| 5 | BE | 1.05% | 1,726,089 | $491.9M |
| 6 | COHR | 0.94% | 1,214,263 | $438.9M |
| 7 | FIX | 0.89% | 227,807 | $416.5M |
| 8 | RVMD | 0.87% | 2,568,351 | $404.5M |
| 9 | LITE | 0.85% | 462,388 | $395.3M |
| 10 | ASTS | 0.82% | 3,362,356 | $381.3M |
| 11 | NTRA | 0.82% | 1,715,956 | $383.3M |
| 12 | TWLO | 0.80% | 1,962,365 | $374.1M |
| 13 | CASY | 0.79% | 480,139 | $368.3M |
| 14 | FTI | 0.76% | 5,180,949 | $354.5M |
| 15 | CW | 0.76% | 477,589 | $357.1M |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Price Chart with Moving Averages
What Drove VBK Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How VBK’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-07-17.
SecuritiesDB is for informational purposes only. Not investment advice.