VTWG vs. VUG

Last updated Jun 4, 2026

VTWG (Vanguard Russell 2000 Growth ETF) and VUG (Vanguard Growth ETF) are both exchange-traded funds - VTWG is a Small Cap Growth Equities fund tracking the Russell 2000 Growth Index, while VUG is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Both are passively managed. Over the past 10 years, VTWG returned 11.33%/yr vs 18.26%/yr for VUG. A 0.79 correlation means they provide meaningful diversification when combined. VTWG charges 0.15%/yr vs 0.03%/yr for VUG.

Performance

VTWG vs. VUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 2000 Growth ETF (VTWG) and Vanguard Growth ETF (VUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTWG achieves a 16.90% return, which is significantly higher than VUG's 9.49% return. Over the past 10 years, VTWG has underperformed VUG with an annualized return of 11.33%, while VUG has yielded a comparatively higher 18.26% annualized return.

VTWG

• 1D: -1.35%
• 1M: 4.49%
• YTD: 16.90%
• 6M: 15.29%
• 1Y: 37.62%
• 3Y*: 18.23%
• 5Y*: 5.70%
• 10Y*: 11.33%

VUG

• 1D: -1.23%
• 1M: 6.22%
• YTD: 9.49%
• 6M: 8.72%
• 1Y: 27.84%
• 3Y*: 25.93%
• 5Y*: 15.11%
• 10Y*: 18.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VTWG vs. VUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTWG Vanguard Russell 2000 Growth ETF	16.90%	13.07%	15.15%	18.90%	-26.49%	2.84%	34.72%	28.75%	-9.45%	22.27%
VUG Vanguard Growth ETF	9.49%	19.40%	32.69%	46.83%	-33.16%	27.35%	40.25%	37.03%	-3.32%	27.72%

Correlation

The correlation between VTWG and VUG is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010	0.79

The correlation between VTWG and VUG shifts across timeframes, from 0.68 (3 years) to 0.79 (all time), reflecting how their relationship changes across market environments.

VTWG vs. VUG - Sectors Allocation Comparison

Sectors	VTWG	VUG
Technology	23.5%	53.5%
Industrials	23.1%	3.6%
Healthcare	22.4%	4.6%
Financial Services	8.2%	4.3%
Consumer Cyclical	7.7%	12.2%
Basic Materials	4.2%	0.6%
Energy	3.5%	0.4%
Consumer Defensive	2.6%	1.5%
Communication Services	2.2%	17.3%
Real Estate	2.1%	1.0%
Utilities	0.7%	0.9%

Return for Risk

VTWG vs. VUG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTWG

VTWG Risk / Return Rank: 49
VTWG Sharpe Ratio Rank: 50
VTWG Sortino Ratio Rank: 49
VTWG Omega Ratio Rank: 45
VTWG Calmar Ratio Rank: 50
VTWG Martin Ratio Rank: 53

VUG

VUG Risk / Return Rank: 43
VUG Sharpe Ratio Rank: 50
VUG Sortino Ratio Rank: 47
VUG Omega Ratio Rank: 48
VUG Calmar Ratio Rank: 33
VUG Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VTWG vs. VUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Growth ETF (VTWG) and Vanguard Growth ETF (VUG). 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.

	VTWG	VUG	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.77	-0.01
Sortino ratio: Return per unit of downside risk	2.44	2.40	+0.04
Omega ratio: Gain probability vs. loss probability	1.29	1.31	-0.02
Calmar ratio: Return relative to maximum drawdown	2.54	1.69	+0.85
Martin ratio: Return relative to average drawdown	9.16	5.92	+3.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTWG vs. VUG - Sharpe Ratio Comparison

The current VTWG Sharpe Ratio is 1.76, which is comparable to the VUG Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of VTWG and VUG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VTWG	VUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	1.77	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.68	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.85	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.62	-0.10

Drawdowns

VTWG vs. VUG - Drawdown Comparison

The maximum VTWG drawdown since its inception was -42.07%, smaller than the maximum VUG drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for VTWG and VUG.

Drawdown Indicators

	VTWG	VUG	Difference
Max Drawdown Largest peak-to-trough decline	-42.07%	-50.68%	+8.61%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-16.53%	+1.65%
Max Drawdown (3Y) Largest decline over 3 years	-28.58%	-22.85%	-5.73%
Max Drawdown (5Y) Largest decline over 5 years	-40.49%	-35.61%	-4.88%
Max Drawdown (10Y) Largest decline over 10 years	-42.07%	-35.61%	-6.46%
Current Drawdown Current decline from peak	-1.39%	-1.51%	+0.12%
Average Drawdown Average peak-to-trough decline	-10.53%	-7.09%	-3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	4.71%	-0.59%

Volatility

VTWG vs. VUG - Volatility Comparison

Vanguard Russell 2000 Growth ETF (VTWG) has a higher volatility of 6.62% compared to Vanguard Growth ETF (VUG) at 3.83%. This indicates that VTWG's price experiences larger fluctuations and is considered to be riskier than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTWG	VUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	3.83%	+2.79%
Volatility (6M) Calculated over the trailing 6-month period	15.90%	12.11%	+3.79%
Volatility (1Y) Calculated over the trailing 1-year period	21.50%	15.84%	+5.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.52%	22.22%	+2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.21%	21.44%	+2.77%

VTWG vs. VUG - Expense Ratio Comparison

VTWG has a 0.15% expense ratio, which is higher than VUG's 0.03% 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

VTWG vs. VUG - Dividend Comparison

VTWG's dividend yield for the trailing twelve months is around 0.59%, more than VUG's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTWG Vanguard Russell 2000 Growth ETF	0.59%	0.64%	0.55%	0.79%	0.71%	0.54%	0.48%	0.72%	0.72%	0.64%	0.96%	0.72%
VUG Vanguard Growth ETF	0.37%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%

Frequently Asked Questions

Can I hold both VTWG and VUG in my portfolio?

VTWG and VUG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTWG or VUG?

VTWG has higher volatility (6.62%) compared to VUG (3.83%). In terms of maximum drawdown, VTWG dropped -42.07% vs VUG's -50.68%.

Which ETF is better, VTWG or VUG?

On 10-year performance, VUG leads with 18.26% vs 11.33% for VTWG. On fees, VUG is cheaper at 0.03% per year. On volatility, VUG has been the lower-risk option at 3.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTWG or VUG?

Over the 10-year period, VUG has performed better with a 18.26% return vs 11.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTWG or VUG?

VUG is cheaper with a 0.03% expense ratio, compared with 0.15% for VTWG.

Which ETF pays a higher dividend yield, VTWG or VUG?

VTWG has the higher dividend yield at 0.59%, compared with 0.37% for VUG.

What is the main difference between VTWG and VUG?

VTWG is categorized as Small Cap Growth Equities, while VUG is Large Cap Growth Equities. VTWG tracks Russell 2000 Growth Index, while VUG tracks CRSP US Large Cap Growth Index. Their fees differ too: 0.15% for VTWG and 0.03% for VUG.

Which has better risk-adjusted returns?

VUG currently has the higher Sharpe Ratio (1.77 vs 1.76), 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.