The Vanguard SmallCap Value ETF (VBR) was launched on 01/26/2004, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Value segment of the US equity market.The fund is sponsored by Vanguard. It has amassed assets over $24.90 billion, making it the largest ETFs attempting to match the Small Cap Value segment of the US equity market.Why Small Cap ValueSmall cap companies have market capitalization below $2 billion. They usually have higher potential than large and mid cap companies with stocks but higher risk.Value stocks have lower than average price-to-earnings and price-to-book ratios. They also have lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.CostsWhen considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.Annual operating expenses for this ETF are 0.07%, making it one of the least expensive products in the space.It has a 12-month trailing dividend yield of 1.95%.Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Financials sector--about 22.70% of the portfolio. Industrials and Consumer Discretionary round out the top three.Looking at individual holdings, Slcmt1142 accounts for about 0.82% of total assets, followed by Quanta Services Inc. (PWR) and Molina Healthcare Inc. (MOH).The top 10 holdings account for about 5.97% of total assets under management.Performance and RiskVBR seeks to match the performance of the CRSP U.S. Small Cap Value Index before fees and expenses. The CRSP U.S. Small Cap Value Index measures the investment return of small-capitalization value stocks.The ETF has lost about -5.04% so far this year and is up about 2.16% in the last one year (as of 12/02/2022). In the past 52-week period, it has traded between $143.40 and $182.58.The ETF has a beta of 1.14 and standard deviation of 30.83% for the trailing three-year period, making it a medium risk choice in the space. With about 892 holdings, it effectively diversifies company-specific risk.AlternativesVanguard SmallCap Value ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VBR is a great option for investors seeking exposure to the Style Box - Small Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.The iShares S&P SmallCap 600 Value ETF (IJS) and the iShares Russell 2000 Value ETF (IWN) track a similar index. While iShares S&P SmallCap 600 Value ETF has $7.22 billion in assets, iShares Russell 2000 Value ETF has $12.64 billion. IJS has an expense ratio of 0.18% and IWN charges 0.23%.Bottom-LineRetail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vanguard SmallCap Value ETF (VBR): ETF Research Reports Quanta Services, Inc. (PWR): Free Stock Analysis Report Molina Healthcare, Inc (MOH): Free Stock Analysis Report iShares Russell 2000 Value ETF (IWN): ETF Research Reports iShares S&P SmallCap 600 Value ETF (IJS): ETF Research ReportsTo read this article on Zacks.com click here.Zacks Investment Research