I have a substantial loss in VBR (Small Cap Value MSCI US Small Cap Value Index) and the lower P/E target definitely hasn't offered any benefit in a downturn which is why I had it in the portfolio.
Do you think that moving the VBR to VB (Small Cap CRSP US Small Cap Index) would trigger a wash rule at the broker or audit? In the top 10 holdings, there are only two companies of overlap and completely different weightings on those.