VTWV vs. VONG

Last updated Aug 2, 2026

VTWV (Vanguard Russell 2000 Value ETF) and VONG (Vanguard Russell 1000 Growth ETF) are both exchange-traded funds - VTWV is a Small Cap Value Equities fund tracking the Russell 2000 Value Index, while VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Both are passively managed. Over the past 10 years, VTWV returned 10.42%/yr vs 17.43%/yr for VONG. Their 0.64 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.06% expense ratio.

Performance

VTWV vs. VONG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 2000 Value ETF (VTWV) and Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTWV achieves a 22.89% return, which is significantly higher than VONG's 0.39% return. Over the past 10 years, VTWV has underperformed VONG with an annualized return of 10.42%, while VONG has yielded a comparatively higher 17.43% annualized return.

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%

VONG

• 1D: 0.84%
• 1M: -2.27%
• 6M: 1.82%
• YTD: 0.39%
• 1Y: 10.18%
• 3Y*: 19.33%
• 5Y*: 11.83%
• 10Y*: 17.43%
• ALL TIME*: 16.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VONG Vanguard Russell 1000 Growth ETF	$121.41M	$148.04M	$174.70M
VTWV Vanguard Russell 2000 Value ETF	$6.82M	$6.63M	$5.67M

VTWV vs. VONG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VONG Vanguard Russell 1000 Growth ETF	0.39%	18.45%	33.20%	42.67%	-29.18%	27.60%	38.30%	36.06%	-1.53%	30.05%

Correlation

The correlation between VTWV and VONG is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.64

The correlation between VTWV and VONG shifts across timeframes, from 0.52 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

VTWV vs. VONG - Sectors Allocation Comparison

Sectors	VTWV	VONG
Financial Services	27.6%	4.2%
Industrials	12.0%	9.0%
Real Estate	11.3%	0.4%
Healthcare	10.9%	5.4%
Consumer Cyclical	10.1%	8.4%
Technology	7.3%	54.3%
Energy	5.6%	0.5%
Utilities	5.1%	0.3%
Basic Materials	4.2%	0.3%
Consumer Defensive	3.2%	1.2%
Communication Services	2.5%	16.2%

Return for Risk

VTWV vs. VONG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VTWV

VTWV Risk / Return Rank: 92
VTWV Sharpe Ratio Rank: 91
VTWV Sortino Ratio Rank: 91
VTWV Omega Ratio Rank: 88
VTWV Calmar Ratio Rank: 94
VTWV Martin Ratio Rank: 93

VONG

VONG Risk / Return Rank: 21
VONG Sharpe Ratio Rank: 22
VONG Sortino Ratio Rank: 21
VONG Omega Ratio Rank: 21
VONG Calmar Ratio Rank: 20
VONG Martin Ratio Rank: 22

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VTWV vs. VONG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Value ETF (VTWV) and Vanguard Russell 1000 Growth ETF (VONG). 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.

	VTWV	VONG	Difference
Sharpe ratio: Return per unit of total volatility	2.31	0.46	+1.84
Sortino ratio: Return per unit of downside risk	3.28	0.75	+2.52
Omega ratio: Gain probability vs. loss probability	1.40	1.09	+0.31
Calmar ratio: Return relative to maximum drawdown	4.73	0.50	+4.23
Martin ratio: Return relative to average drawdown	17.24	1.48	+15.76

VTWV vs. VONG - Sharpe Ratio Comparison

The current VTWV Sharpe Ratio is 2.31, which is higher than the VONG Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of VTWV and VONG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VTWV vs. VONG - Drawdown Comparison

The maximum VTWV drawdown since its inception was -45.73%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for VTWV and VONG.

Drawdown Indicators

	VTWV	VONG	Difference
Max Drawdown Largest peak-to-trough decline	-45.73%	-32.72%	-13.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-16.23%	+7.59%
Max Drawdown (3Y) Largest decline over 3 years	-26.72%	-23.27%	-3.45%
Max Drawdown (5Y) Largest decline over 5 years	-26.72%	-32.72%	+6.00%
Max Drawdown (10Y) Largest decline over 10 years	-45.73%	-32.72%	-13.01%
Current Drawdown Current decline from peak	-1.38%	-7.89%	+6.51%
Average Drawdown Average peak-to-trough decline	-7.74%	-4.89%	-2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	5.42%	-3.05%

Volatility

VTWV vs. VONG - Volatility Comparison

The current volatility for Vanguard Russell 2000 Value ETF (VTWV) is 3.31%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 6.45%. This indicates that VTWV experiences smaller price fluctuations and is considered to be less risky than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTWV	VONG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	6.45%	-3.14%
Volatility (6M) Calculated over the trailing 6-month period	12.16%	14.00%	-1.84%
Volatility (1Y) Calculated over the trailing 1-year period	17.75%	17.45%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.53%	21.64%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.48%	21.01%	+2.47%

VTWV vs. VONG - Expense Ratio Comparison

Both VTWV and VONG have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VTWV vs. VONG - Dividend Comparison

VTWV's dividend yield for the trailing twelve months is around 1.60%, more than VONG's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VONG Vanguard Russell 1000 Growth ETF	0.48%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%
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

Can I hold both VTWV and VONG in my portfolio?

VTWV and VONG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTWV or VONG?

VONG has higher volatility (6.45%) compared to VTWV (3.31%). In terms of maximum drawdown, VTWV dropped -45.73% vs VONG's -32.72%.

Which ETF is better, VTWV or VONG?

On 10-year performance, VONG leads with 17.43% vs 10.42% for VTWV. Both ETFs have the same 0.06% expense ratio. On volatility, VTWV has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTWV or VONG?

Over the 10-year period, VONG has performed better with a 17.43% return vs 10.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTWV or VONG?

VTWV and VONG have the same expense ratio: 0.06% per year.

Which ETF pays a higher dividend yield, VTWV or VONG?

VTWV has the higher dividend yield at 1.60%, compared with 0.48% for VONG.

What is the main difference between VTWV and VONG?

VTWV is categorized as Small Cap Value Equities, while VONG is Large Cap Growth Equities. VTWV tracks Russell 2000 Value Index, while VONG tracks Russell 1000 Growth Index.

Which has better risk-adjusted returns?

VTWV currently has the higher Sharpe Ratio (2.31 vs 0.46), 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.