VTWO — Vanguard Russell 2000 Index Fund ETF Shares

VTWO Price Performance — Growth of $10,000

Value of a $10,000 investment in VTWO over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VTWO Drawdown

The "underwater" chart: VTWO's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

Vanguard Russell 2000 Index Fund ETF Shares (VTWO) is a US Small Cap fund issued by Vanguard with $17.3 billion in assets under management. It holds a C grade, ranking 14th out of 18 peers in its category and 207th of 458 tracked ETFs overall. The fund’s 0.06% expense ratio sits significantly below the category median of 0.15%, while its 1.22% dividend yield is nearly identical to the median of 1.24%. Top holdings comprise just 9.5% of assets, with the largest position being the Vanguard Cmt Funds-Vanguard Market Liquidity Fund at 2.2%.

The fund’s price of $111.37 places it at 61.1% of its 52-week range, reflecting a recent downgrade from B to C on 2026-09-21. Short-term returns show a divergence, with a 1M loss of -2.12% contrasting against a 1W gain of +1.94%. Over longer horizons, the 1Y return of +14.62% trails the category median of +17.91%, though the 3Y return of +75.63% indicates stronger multi-year growth. This analysis is based on 3.0 years of available price history.

With a beta of 1.27, the fund exhibits higher sensitivity to market movements than the broader index. Annualized volatility of 18.07% is labeled as Moderate, accompanied by a Sharpe ratio of 0.53. The maximum drawdown of -27.57% highlights the extent of peak-to-trough losses during the recorded period. Liquidity is supported by an average daily volume of 1,332,782 shares, facilitating standard trading activity.

AI-generated summary based on the data on this page.

VTWO Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 9.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VTWO's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VTWO

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VTWO's top 10 — SCHA overlaps most, holding 3 of the same companies as VTWO's top 10 (2.0% of VTWO's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VTWO Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 1.3M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $17.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VTWO is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VTWO Performance History

How VTWO Compares to Other US Small Cap ETFs