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VTWV vs. IJS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VTWV vs. IJS

Last updated Jun 5, 2026

VTWV (Vanguard Russell 2000 Value ETF) and IJS (iShares S&P SmallCap 600 Value ETF) are both Small Cap Value Equities funds - VTWV tracks the Russell 2000 Value Index while IJS tracks the S&P SmallCap 600/Citigroup Value Index. Both are passively managed. Over the past 10 years, VTWV returned 10.34%/yr vs 10.07%/yr for IJS. Their correlation of 0.93 suggests significant overlap in exposure. VTWV charges 0.10%/yr vs 0.25%/yr for IJS.

Performance

VTWV vs. IJS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 2000 Value ETF (VTWV) and iShares S&P SmallCap 600 Value ETF (IJS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VTWV achieves a 18.98% return, which is significantly higher than IJS's 16.70% return. Both investments have delivered pretty close results over the past 10 years, with VTWV having a 10.34% annualized return and IJS not far behind at 10.07%.

VTWV

1D
1.31%
1M
2.63%
YTD
18.98%
6M
18.10%
1Y
43.90%
3Y*
19.06%
5Y*
6.94%
10Y*
10.34%

IJS

1D
1.37%
1M
2.47%
YTD
16.70%
6M
16.73%
1Y
39.28%
3Y*
15.35%
5Y*
5.84%
10Y*
10.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VTWV vs. IJS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VTWV
Vanguard Russell 2000 Value ETF		18.98%12.72%7.83%14.67%-14.46%27.90%4.88%22.44%-13.34%8.06%
IJS
iShares S&P SmallCap 600 Value ETF		16.70%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%

Correlation

The correlation between VTWV and IJS is 0.95, 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

0.95

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (10Y)
Calculated over the trailing 10-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2010

0.93

The correlation between VTWV and IJS has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

VTWV vs. IJS - Sectors Allocation Comparison

Sectors
VTWV
IJS

Financial Services

23.9%
19.8%

Industrials

11.9%
11.6%

Real Estate

10.4%
8.7%

Healthcare

10.2%
7.6%

Technology

10.0%
11.3%

Consumer Cyclical

9.2%
15.9%

Energy

8.9%
7.6%

Basic Materials

5.4%
7.1%

Utilities

5.2%
2.2%

Communication Services

2.7%
4.4%

Consumer Defensive

2.2%
3.8%

Financial Services

VTWV
23.9%
IJS
19.8%

Industrials

VTWV
11.9%
IJS
11.6%

Real Estate

VTWV
10.4%
IJS
8.7%

Healthcare

VTWV
10.2%
IJS
7.6%

Technology

VTWV
10.0%
IJS
11.3%

Consumer Cyclical

VTWV
9.2%
IJS
15.9%

Energy

VTWV
8.9%
IJS
7.6%

Basic Materials

VTWV
5.4%
IJS
7.1%

Utilities

VTWV
5.2%
IJS
2.2%

Communication Services

VTWV
2.7%
IJS
4.4%

Consumer Defensive

VTWV
2.2%
IJS
3.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Russell 2000 Value ETF

iShares S&P SmallCap 600 Value ETF

Often compared with VTWV:
VTWV vs. VTWOVTWV vs. VBRVTWV vs. VTWGVTWV vs. VIOVVTWV vs. VONGVTWV vs. VBVTWV vs. VTC
Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. IWM

Return for Risk

VTWV vs. IJS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VTWV
VTWV Risk / Return Rank: 7979
Overall Rank
VTWV Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VTWV Sortino Ratio Rank: 7777
Sortino Ratio Rank
VTWV Omega Ratio Rank: 6969
Omega Ratio Rank
VTWV Calmar Ratio Rank: 8888
Calmar Ratio Rank
VTWV Martin Ratio Rank: 8585
Martin Ratio Rank
IJS
IJS Risk / Return Rank: 7171
Overall Rank
IJS Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 6868
Sortino Ratio Rank
IJS Omega Ratio Rank: 6262
Omega Ratio Rank
IJS Calmar Ratio Rank: 8282
Calmar Ratio Rank
IJS Martin Ratio Rank: 7474
Martin Ratio Rank
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.

VTWV vs. IJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Value ETF (VTWV) and iShares S&P SmallCap 600 Value ETF (IJS). 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.

VTWVIJSDifference
Sharpe ratioReturn per unit of total volatility
2.43
2.16

+0.27

Sortino ratioReturn per unit of downside risk
3.39
3.07

+0.33

Omega ratioGain probability vs. loss probability

1.41

1.37

+0.04

Calmar ratioReturn relative to maximum drawdown

5.11

4.25

+0.86

Martin ratioReturn relative to average drawdown

17.42

13.91

+3.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTWV vs. IJS - Sharpe Ratio Comparison

The current VTWV Sharpe Ratio is 2.43, which is comparable to the IJS Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of VTWV and IJS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VTWVIJSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.43

2.16

+0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.27

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

0.43

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.40

+0.09

Drawdowns

VTWV vs. IJS - Drawdown Comparison

The maximum VTWV drawdown since its inception was -45.73%, smaller than the maximum IJS drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for VTWV and IJS.

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Drawdown Indicators

VTWVIJSDifference

Max Drawdown

Largest peak-to-trough decline

-45.73%

-60.11%

+14.38%

Max Drawdown (1Y)

Largest decline over 1 year

-8.64%

-9.28%

+0.64%

Max Drawdown (3Y)

Largest decline over 3 years

-26.72%

-28.65%

+1.93%

Max Drawdown (5Y)

Largest decline over 5 years

-26.72%

-28.65%

+1.93%

Max Drawdown (10Y)

Largest decline over 10 years

-45.73%

-47.68%

+1.95%

Current Drawdown

Current decline from peak

-0.14%

0.00%

-0.14%

Average Drawdown

Average peak-to-trough decline

-7.81%

-9.89%

+2.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

2.83%

-0.30%

Volatility

VTWV vs. IJS - Volatility Comparison

Vanguard Russell 2000 Value ETF (VTWV) has a higher volatility of 5.00% compared to iShares S&P SmallCap 600 Value ETF (IJS) at 4.47%. This indicates that VTWV's price experiences larger fluctuations and is considered to be riskier than IJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VTWVIJSDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.00%

4.47%

+0.53%

Volatility (6M)

Calculated over the trailing 6-month period

12.20%

11.58%

+0.62%

Volatility (1Y)

Calculated over the trailing 1-year period

18.16%

18.27%

-0.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.73%

21.99%

-0.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.54%

23.60%

-0.06%

VTWV vs. IJS - Expense Ratio Comparison

VTWV has a 0.10% expense ratio, which is lower than IJS's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VTWV vs. IJS - Dividend Comparison

VTWV's dividend yield for the trailing twelve months is around 1.56%, more than IJS's 1.27% yield.

PositionTTM20252024202320222021202020192018201720162015
IJS
iShares S&P SmallCap 600 Value ETF		1.27%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%
VTWV
Vanguard Russell 2000 Value ETF		1.56%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 0.95, VTWV and IJS 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 (5.00%) compared to IJS (4.47%). In terms of maximum drawdown, VTWV dropped -45.73% vs IJS's -60.11%.

On 10-year performance, VTWV leads with 10.34% vs 10.07% for IJS. On fees, VTWV is cheaper at 0.10% per year. On volatility, IJS has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VTWV has performed better with a 10.34% return vs 10.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTWV is cheaper with a 0.10% expense ratio, compared with 0.25% for IJS.

VTWV has the higher dividend yield at 1.56%, compared with 1.27% for IJS.

VTWV tracks Russell 2000 Value Index, while IJS tracks S&P SmallCap 600/Citigroup Value Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VTWV and 0.25% for IJS.

VTWV currently has the higher Sharpe Ratio (2.43 vs 2.16), 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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