Core Insights - The Vanguard Small-Cap ETF (VB) is a significant player in the Small Cap Blend segment of the US equity market, with assets exceeding $64.97 billion, making it one of the largest ETFs in this category [1] Investment Potential - Small cap companies, defined as those with market capitalizations below $2 billion, present high potential but also come with increased risks [2] - Blend ETFs, like VB, typically hold a mix of growth and value stocks, showcasing characteristics of both types of equities [2] Cost Structure - The annual operating expenses for the Vanguard Small-Cap ETF are 0.05%, positioning it as one of the least expensive options in the market [3] - The ETF has a 12-month trailing dividend yield of 1.36% [3] Sector Allocation and Holdings - The ETF has a significant allocation to the Industrials sector, comprising approximately 20.90% of the portfolio, followed by Financials and Information Technology [4] - Individual holdings include Slcmt1142 at about 1% of total assets, along with Nrg Energy Inc (NRG) and Expand Energy Corp (EXE) [5] Performance Metrics - VB aims to replicate the performance of the CRSP US Small Cap Index, which includes U.S. companies in the bottom 2%-15% of investable market capitalization [6] - As of July 10, 2025, the ETF has gained about 2.09% year-to-date and approximately 14.26% over the past year, with a trading range between $193.73 and $261.58 in the last 52 weeks [7] - The ETF has a beta of 1.07 and a standard deviation of 20.67% over the trailing three-year period, indicating a medium risk profile [7] Competitive Landscape - The Vanguard Small-Cap ETF holds a Zacks ETF Rank of 2 (Buy), indicating strong expected performance based on various factors [8] - Alternatives in the market include the iShares Russell 2000 ETF (IWM) with $66.93 billion in assets and an expense ratio of 0.19%, and the iShares Core S&P Small-Cap ETF (IJR) with $81.70 billion in assets and an expense ratio of 0.06% [9] Conclusion - Passively managed ETFs like VB are increasingly favored by both retail and institutional investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10]

Core Viewpoint - Analysts are betting on a significant rebound opportunity for small-cap stocks, despite a poor start in 2025, with historical data suggesting a 60% chance of small-cap stocks outperforming large-cap stocks in June [1] Group 1: Market Performance - The Russell 2000 index has declined approximately 5.9% year-to-date, underperforming the S&P 500's 1.5% gain, and small-cap stocks have not reached new highs since 2021 [1] - The sentiment around small-cap stocks is currently pessimistic, with call option volumes in the Russell 2000 ETF nearing their lowest since February [2] - Short positions in small-cap stocks have been increasing, with the iShares Russell 2000 ETF seeing its highest short amount since 2022 [2] Group 2: Potential Catalysts for Rebound - A substantial agreement between the U.S. and its trade partners, along with strong economic data, could serve as catalysts for a rebound in small-cap stocks [2] - The Russell 2000 index has shown a slight outperformance against the S&P 500 by 0.5 percentage points in the first three trading days of June [2] Group 3: Technical Analysis - The Russell 2000 index is currently at a critical turning point around 2100 points, with a potential rise to 2500 points (a 19% increase) if it breaks through this level [3]

Evercore ISI策略师Julian Emanuel的分析显示，自1990年以来，小盘股6月份的表现有60%的时间跑赢大 盘股。当大盘股表现优于小盘股时，这种季节性特征会更加明显，就像今年这样：在这种情况下，小盘 股6月份的表现每次都跑赢大盘股。 如果历史重演，那么对于小盘股投资者来说，这段时期将是一个期待已久的亮点。 小盘股基准指数罗素2000指数自2021年以来就没有创出过新高，由于唐纳德·特朗普总统的贸易战引发 的不确定性震惊了市场，该指数年内迄今下跌了5.9%。标普500指数也经历了令人眩晕的波动，但年内 上涨了1.5%，距离2月份的历史高点仅差几个百分点。 Emanuel表示："目前的情况确实是小盘股'差到极点就是好'。买入这些股票是为了6月份可能出现的表现 逆转交易，如果贸易协议等宏观催化剂成为现实，或许还能持有更长时间。" 小盘股最初受益于去年年底特朗普当选后市场的热情，因为投资者押注他承诺的降低税收和减少监管将 有助于小公司。 智通财经APP注意到，美国最小盘的股票迎来了一年当中历来表现强劲的时期，这给2025年初表现惨淡 的这类股票带来了反弹的希望。 追踪罗素2000指数的最大基金看涨 ...