VRTVX vs. VTWV
VRTVX (Vanguard Russell 2000 Value Index Fund Institutional Shares) and VTWV (Vanguard Russell 2000 Value ETF) are both Small Cap Value Equities funds from Vanguard. Over the past 10 years, VRTVX returned 10.37%/yr vs 10.42%/yr for VTWV. Their correlation of 0.95 means they have usually moved in the same direction. VRTVX charges 0.08%/yr vs 0.06%/yr for VTWV.
Performance
VRTVX vs. VTWV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VRTVX having a 23.39% return and VTWV slightly lower at 22.89%. Both investments have delivered pretty close results over the past 10 years, with VRTVX having a 10.37% annualized return and VTWV not far ahead at 10.42%.
VRTVX
- 1D
- 0.09%
- 1M
- 0.32%
- 6M
- 15.48%
- YTD
- 23.39%
- 1Y
- 44.04%
- 3Y*
- 15.88%
- 5Y*
- 9.00%
- 10Y*
- 10.37%
- ALL TIME*
- 10.83%
VTWV
- 1D
- -0.38%
- 1M
- -0.07%
- 6M
- 15.09%
- YTD
- 22.89%
- 1Y
- 43.58%
- 3Y*
- 16.02%
- 5Y*
- 9.00%
- 10Y*
- 10.42%
- ALL TIME*
- 10.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $6.82M | $6.63M | $5.67M |
VRTVX vs. VTWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRTVX Vanguard Russell 2000 Value Index Fund Institutional Shares | 23.39% | 12.21% | 8.07% | 14.71% | -14.52% | 28.06% | 4.81% | 22.40% | -12.83% | 7.91% |
VTWV Vanguard Russell 2000 Value ETF | 22.89% | 12.72% | 7.83% | 14.67% | -14.46% | 27.90% | 4.88% | 22.44% | -13.34% | 8.06% |
Correlation
The correlation between VRTVX and VTWV is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.95 |
The correlation between VRTVX and VTWV has been stable across timeframes, ranging from 0.95 to 1.00 - a consistent structural relationship.
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Return for Risk
VRTVX vs. VTWV — Risk / Return Rank
VRTVX
VTWV
VRTVX vs. VTWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Value Index Fund Institutional Shares (VRTVX) and Vanguard Russell 2000 Value ETF (VTWV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VRTVX | VTWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 4.73 | -0.08 |
| Martin ratioReturn relative to average drawdown | 16.84 | 17.24 | -0.40 |
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Drawdowns
VRTVX vs. VTWV - Drawdown Comparison
The maximum VRTVX drawdown since its inception was -45.98%, roughly equal to the maximum VTWV drawdown of -45.73%. Use the drawdown chart below to compare losses from any high point for VRTVX and VTWV.
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Drawdown Indicators
| VRTVX | VTWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.98% | -45.73% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -8.64% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -26.85% | -26.72% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -26.72% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -45.98% | -45.73% | -0.25% |
Current DrawdownCurrent decline from peak | -0.97% | -1.38% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -7.74% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.37% | -0.01% |
Volatility
VRTVX vs. VTWV - Volatility Comparison
The current volatility for Vanguard Russell 2000 Value Index Fund Institutional Shares (VRTVX) is 3.14%, while Vanguard Russell 2000 Value ETF (VTWV) has a volatility of 3.31%. This indicates that VRTVX experiences smaller price fluctuations and is considered to be less risky than VTWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRTVX | VTWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.31% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | 12.16% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 17.75% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 21.53% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.65% | 23.48% | +0.17% |
VRTVX vs. VTWV - Expense Ratio Comparison
VRTVX has a 0.08% expense ratio, which is higher than VTWV's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VRTVX vs. VTWV - Dividend Comparison
VRTVX's dividend yield for the trailing twelve months is around 1.62%, more than VTWV's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRTVX Vanguard Russell 2000 Value Index Fund Institutional Shares | 1.62% | 1.49% | 1.84% | 2.08% | 2.15% | 1.56% | 1.54% | 1.87% | 2.17% | 1.74% | 1.52% | 2.16% |
VTWV Vanguard Russell 2000 Value ETF | 1.60% | 1.79% | 1.78% | 2.02% | 2.07% | 1.60% | 1.49% | 1.82% | 2.04% | 1.63% | 1.57% | 2.03% |
Frequently Asked Questions
With a correlation of 1.00, VRTVX and VTWV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VTWV has higher volatility (3.31%) compared to VRTVX (3.14%). In terms of maximum drawdown, VRTVX dropped -45.98% vs VTWV's -45.73%.
VTWV currently has the higher Sharpe Ratio (2.31 vs 2.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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