VTWO vs. CSMCX

Last updated Jun 4, 2026

VTWO (Vanguard Russell 2000 ETF) and CSMCX (Congress Small Cap Growth Fund) are both funds - VTWO is a Small Cap Blend Equities fund tracking the Russell 2000 Index, while CSMCX is a Small Cap Growth Equities fund managed by Congress. Over the past 10 years, VTWO returned 11.07%/yr vs 16.43%/yr for CSMCX. Their correlation of 0.92 suggests significant overlap in exposure. VTWO charges 0.10%/yr vs 1.00%/yr for CSMCX.

Performance

VTWO vs. CSMCX - Performance Comparison

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

Returns By Period

In the year-to-date period, VTWO achieves a 17.08% return, which is significantly higher than CSMCX's 13.90% return. Over the past 10 years, VTWO has underperformed CSMCX with an annualized return of 11.07%, while CSMCX has yielded a comparatively higher 16.43% annualized return.

VTWO

• 1D: -1.38%
• 1M: 3.51%
• YTD: 17.08%
• 6M: 15.89%
• 1Y: 39.34%
• 3Y*: 18.11%
• 5Y*: 6.28%
• 10Y*: 11.07%

CSMCX

• 1D: 1.22%
• 1M: 6.89%
• YTD: 13.90%
• 6M: 10.94%
• 1Y: 24.51%
• 3Y*: 15.65%
• 5Y*: 8.95%
• 10Y*: 16.43%

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

VTWO vs. CSMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTWO Vanguard Russell 2000 ETF	17.08%	12.90%	11.55%	17.08%	-20.49%	14.79%	20.22%	25.81%	-11.15%	14.69%
CSMCX Congress Small Cap Growth Fund	13.90%	8.37%	18.65%	20.27%	-26.21%	39.30%	39.11%	36.12%	2.51%	22.58%

Correlation

The correlation between VTWO and CSMCX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010	0.92

The correlation between VTWO and CSMCX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

VTWO vs. CSMCX — Risk / Return Rank

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

VTWO

VTWO Risk / Return Rank: 62
VTWO Sharpe Ratio Rank: 60
VTWO Sortino Ratio Rank: 60
VTWO Omega Ratio Rank: 54
VTWO Calmar Ratio Rank: 71
VTWO Martin Ratio Rank: 68

CSMCX

CSMCX Risk / Return Rank: 22
CSMCX Sharpe Ratio Rank: 19
CSMCX Sortino Ratio Rank: 20
CSMCX Omega Ratio Rank: 18
CSMCX Calmar Ratio Rank: 27
CSMCX Martin Ratio Rank: 25

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.

VTWO vs. CSMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 ETF (VTWO) and Congress Small Cap Growth Fund (CSMCX). 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.

	VTWO	CSMCX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.24	+0.83
Sortino ratio: Return per unit of downside risk	2.88	1.90	+0.98
Omega ratio: Gain probability vs. loss probability	1.34	1.22	+0.12
Calmar ratio: Return relative to maximum drawdown	3.60	1.93	+1.67
Martin ratio: Return relative to average drawdown	12.79	6.22	+6.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTWO vs. CSMCX - Sharpe Ratio Comparison

The current VTWO Sharpe Ratio is 2.07, which is higher than the CSMCX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of VTWO and CSMCX, 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

	VTWO	CSMCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.24	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.40	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.73	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.58	-0.06

Drawdowns

VTWO vs. CSMCX - Drawdown Comparison

The maximum VTWO drawdown since its inception was -41.19%, smaller than the maximum CSMCX drawdown of -56.20%. Use the drawdown chart below to compare losses from any high point for VTWO and CSMCX.

Drawdown Indicators

	VTWO	CSMCX	Difference
Max Drawdown Largest peak-to-trough decline	-41.19%	-56.20%	+15.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-13.63%	+2.64%
Max Drawdown (3Y) Largest decline over 3 years	-27.57%	-26.10%	-1.47%
Max Drawdown (5Y) Largest decline over 5 years	-31.88%	-33.44%	+1.56%
Max Drawdown (10Y) Largest decline over 10 years	-41.19%	-33.44%	-7.75%
Current Drawdown Current decline from peak	-1.50%	0.00%	-1.50%
Average Drawdown Average peak-to-trough decline	-8.39%	-9.40%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	4.22%	-1.14%

Volatility

VTWO vs. CSMCX - Volatility Comparison

The current volatility for Vanguard Russell 2000 ETF (VTWO) is 5.73%, while Congress Small Cap Growth Fund (CSMCX) has a volatility of 7.73%. This indicates that VTWO experiences smaller price fluctuations and is considered to be less risky than CSMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTWO	CSMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	7.73%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	13.50%	15.88%	-2.38%
Volatility (1Y) Calculated over the trailing 1-year period	19.12%	21.20%	-2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.48%	22.60%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.08%	22.46%	+0.62%

VTWO vs. CSMCX - Expense Ratio Comparison

VTWO has a 0.10% expense ratio, which is lower than CSMCX's 1.00% expense ratio.

Dividends

VTWO vs. CSMCX - Dividend Comparison

VTWO's dividend yield for the trailing twelve months is around 1.08%, less than CSMCX's 2.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSMCX Congress Small Cap Growth Fund	2.05%	2.34%	0.00%	0.00%	0.00%	15.57%	7.05%	16.14%	10.04%	11.48%	0.00%	27.40%
VTWO Vanguard Russell 2000 ETF	1.08%	1.25%	1.21%	1.45%	1.48%	1.13%	0.92%	1.36%	1.41%	1.18%	1.27%	1.23%

Frequently Asked Questions

Can I hold both VTWO and CSMCX in my portfolio?

VTWO and CSMCX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTWO or CSMCX?

CSMCX has higher volatility (7.73%) compared to VTWO (5.73%). In terms of maximum drawdown, VTWO dropped -41.19% vs CSMCX's -56.20%.

Which has better risk-adjusted returns?

VTWO currently has the higher Sharpe Ratio (2.07 vs 1.24), 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.