VTWO vs. VIOO
Compare and contrast key facts about Vanguard Russell 2000 ETF (VTWO) and Vanguard S&P Small-Cap 600 ETF (VIOO).
VTWO and VIOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTWO is a passively managed fund by Vanguard that tracks the performance of the Russell 2000 Index. It was launched on Sep 20, 2010. VIOO is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 Index. It was launched on Sep 7, 2010. Both VTWO and VIOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VTWO vs. VIOO - Performance Comparison
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VTWO vs. VIOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTWO Vanguard Russell 2000 ETF | 0.92% | 12.90% | 11.55% | 17.08% | -20.49% | 14.79% | 20.22% | 25.81% | -11.15% | 14.69% |
VIOO Vanguard S&P Small-Cap 600 ETF | 3.49% | 6.04% | 8.48% | 16.16% | -16.26% | 26.79% | 11.47% | 22.68% | -8.65% | 13.16% |
Returns By Period
In the year-to-date period, VTWO achieves a 0.92% return, which is significantly lower than VIOO's 3.49% return. Both investments have delivered pretty close results over the past 10 years, with VTWO having a 9.90% annualized return and VIOO not far behind at 9.84%.
VTWO
- 1D
- 3.51%
- 1M
- -5.00%
- YTD
- 0.92%
- 6M
- 3.08%
- 1Y
- 25.83%
- 3Y*
- 13.14%
- 5Y*
- 3.50%
- 10Y*
- 9.90%
VIOO
- 1D
- 2.80%
- 1M
- -4.04%
- YTD
- 3.49%
- 6M
- 5.34%
- 1Y
- 20.57%
- 3Y*
- 10.51%
- 5Y*
- 4.09%
- 10Y*
- 9.84%
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VTWO vs. VIOO - Expense Ratio Comparison
Both VTWO and VIOO have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VTWO vs. VIOO — Risk / Return Rank
VTWO
VIOO
VTWO vs. VIOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 ETF (VTWO) and Vanguard S&P Small-Cap 600 ETF (VIOO). 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 | VIOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.91 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.41 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.45 | +0.37 |
Martin ratioReturn relative to average drawdown | 6.81 | 5.78 | +1.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTWO | VIOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.91 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.19 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.43 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.54 | -0.06 |
Correlation
The correlation between VTWO and VIOO is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VTWO vs. VIOO - Dividend Comparison
VTWO's dividend yield for the trailing twelve months is around 1.26%, less than VIOO's 1.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTWO Vanguard Russell 2000 ETF | 1.26% | 1.25% | 1.21% | 1.45% | 1.48% | 1.13% | 0.92% | 1.36% | 1.41% | 1.18% | 1.27% | 1.23% |
VIOO Vanguard S&P Small-Cap 600 ETF | 1.31% | 1.36% | 1.48% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 1.06% | 1.26% |
Drawdowns
VTWO vs. VIOO - Drawdown Comparison
The maximum VTWO drawdown since its inception was -41.19%, smaller than the maximum VIOO drawdown of -44.15%. Use the drawdown chart below to compare losses from any high point for VTWO and VIOO.
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Drawdown Indicators
| VTWO | VIOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.19% | -44.15% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -14.66% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -31.88% | -27.93% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -41.19% | -44.15% | +2.96% |
Current DrawdownCurrent decline from peak | -7.86% | -5.80% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -8.47% | -7.40% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.67% | +0.04% |
Volatility
VTWO vs. VIOO - Volatility Comparison
Vanguard Russell 2000 ETF (VTWO) has a higher volatility of 7.49% compared to Vanguard S&P Small-Cap 600 ETF (VIOO) at 6.34%. This indicates that VTWO's price experiences larger fluctuations and is considered to be riskier than VIOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTWO | VIOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.49% | 6.34% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.43% | 13.10% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.29% | 22.67% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 21.51% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.04% | 22.98% | +0.06% |