Which returned more over the last year, VNQ or VTWO?

In the year to Sep 12, 2026, with distributions reinvested, VNQ returned +5.6% and VTWO returned +21.4%, so VTWO returned more. One year is one year; the longer windows are in the table.

Which is cheaper, VNQ or VTWO?

VNQ charges 0.13% a year and VTWO charges 0.07%, so VTWO is cheaper. Fees come from each fund's prospectus.

How much do VNQ and VTWO overlap with the S&P 500?

By their latest filed holdings, 63% of VNQ and 0% of VTWO by weight is stocks the S&P 500 already holds. Between the two funds, 5% of their books are the same securities at the same weight.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

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VNQ vs VTWO: how they differ

VNQ and VTWO hold 5% of their weight in the same names, and VTWO returned more over the year.

Vanguard Real Estate Index Fund and Vanguard Russell 2000 Index Fund.

What they hold in common

By the books each fund has filed, VNQ and VTWO hold 5% of their money in the same securities at the same weight.

Positions VNQ and VTWO both hold, largest shared weight first
Holding	VNQ	VTWO
CareTrust REIT Inc	0.47%	0.27%
American Healthcare REIT Inc	0.48%	0.26%
Ryman Hospitality Properties Inc	0.34%	0.21%
Terreno Realty Corp	0.36%	0.20%
Macerich Co/The	0.30%	0.18%
Essential Properties Realty Trust Inc	0.33%	0.18%
Kite Realty Group Trust	0.30%	0.17%
Compass Inc	0.26%	0.15%
Phillips Edison & Co Inc	0.27%	0.15%
Sabra Health Care REIT Inc	0.27%	0.15%
Outfront Media Inc	0.25%	0.14%
Tanger Inc	0.23%	0.12%

Largest positions each one holds and the other does not
Only in VNQ	Only in VTWO
Vanguard Real Estate II Index Fund 14.67%	Bloom Energy Corp 1.83%
Welltower Inc 7.86%	Credo Technology Group Holding Ltd 1.12%
Prologis Inc 7.02%	Sterling Infrastructure Inc 0.76%
Equinix Inc 5.66%	Fabrinet 0.69%
American Tower Corp 4.55%	Nextpower Inc 0.67%
Digital Realty Trust Inc 3.67%	IonQ Inc 0.63%
Simon Property Group Inc 3.54%	Coeur Mining Inc 0.58%
Realty Income Corp 3.12%	TTM Technologies Inc 0.52%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.

VNQ and VTWO on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	VNQ Vanguard Real Estate Index Fund	VTWO Vanguard Russell 2000 Index Fund
Where it sits	Core index fund	Core index fund
Issuer	Vanguard	Vanguard
What it is	US real estate	Russell 2000
Total return, 1 year	+5.6%	+21.4%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−11.9 pts	+3.9 pts
Expense ratio	0.13%	0.07%
Already in the S&P 500	63.3%	0.5%
Holdings	146	1951

VNQ in plain words

VNQ is an index equity fund tracking the US real estate. Over the year to Sep 11, 2026 it returned +5.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.13% a year. By its holdings filed for Apr 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 146 positions, with the top ten at 54.9%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.

VTWO in plain words

VTWO is an index equity fund tracking the Russell 2000. Over the year to Sep 11, 2026 it returned +21.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.07% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1951 positions, with the top ten at 7.8%. It sat 5.3% below its high of Aug 14, 2026 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, VNQ or VTWO?: In the year to Sep 12, 2026, with distributions reinvested, VNQ returned +5.6% and VTWO returned +21.4%, so VTWO returned more. One year is one year; the longer windows are in the table.
Which is cheaper, VNQ or VTWO?: VNQ charges 0.13% a year and VTWO charges 0.07%, so VTWO is cheaper. Fees come from each fund's prospectus.
How much do VNQ and VTWO overlap with the S&P 500?: By their latest filed holdings, 63% of VNQ and 0% of VTWO by weight is stocks the S&P 500 already holds. Between the two funds, 5% of their books are the same securities at the same weight.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

VNQ against VTWO, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, VNQ against VTWO, data as of Sep 12, 2026. https://etfiq.com/compare/any/VNQ-VTWO Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources