Data as of Oct 28, 2026.

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Across categories

IWO vs VTEB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IWO returned +7.9% to VTEB's −0.4%; 0% of their weight is in the same names.

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Net assets: $14.0bn on Oct 27, 2026 for iShares Russell 2000 Growth ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

At a glance
+7.9%
IWO total return, 1 year
−0.4%
VTEB total return, 1 year
0.24%
IWO expense ratio
0.03%
VTEB expense ratio

Pair scorecard

VTEB costs 0.21 points a year less; their one-year returns differ by 8.3 points; VTEB is 3.5 times larger.

IWO vs VTEB: Differences, Returns & Fees
MeasureIWOVTEB
Return
Total return, 1 year+7.9%−0.4%
Drawdown
Below its high9.9%, high on Aug 14, 2026
Benchmark
What it tracksRussell 2000 Growth IndexS&P National AMT-Free Municipal Bond Index
Cost and size
Expense ratio0.24%0.03%
Net assets, as of Sep 30, 2026$14.1bn$49.6bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund6.4%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, IWO and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IWO VTEB
Only in one fund ↓
Only in IWO
JFROG 0.74%
TWIST BIOSCIENCE 0.71%
GLAUKOS 0.70%
MOOG INC CLASS A 0.68%
BRIGHTSPRING HEALTH SERVICES INC 0.66%
10X GENOMICS CLASS A 0.61%
RYMAN HOSPITALITY PROPERTIES REIT 0.60%
INTERDIGITAL INC 0.58%
Only in VTEB
Vanguard Municipal Low Duration Fund 0.69%
State of California 0.15%
State of California 0.14%
New York State Dormitory Authority 0.13%
State of Illinois 0.12%
Ohio State University 0.12%
City of New York NY 0.10%
State of Wisconsin 0.10%
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Side by side

IWO iShares Russell 2000 Growth ETF VTEB Vanguard Tax-Exempt Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the Russell 2000 Growth Tracks an index of Tax-Exempt Bond
Total return, 1 year +7.9% −0.4%
Its benchmark over the same days +8.0% (VTWG) not measured
Gap to its benchmark −0.1 pts vs VTWG not measured
Expense ratio 0.24% 0.03%
Holdings 1122 11155
Net assets, IWO as of Oct 27, 2026 and VTEB as of Sep 30, 2026 $14.0bn $49.6bn

IWO and VTEB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
IWO

IWO tracks the Russell 2000 Growth. Over the year to Oct 28, 2026 it returned +7.9% with distributions reinvested, against +8.0% for its benchmark, the Russell 2000 Growth Index. The prospectus expense ratio is 0.24% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,122 positions, with the top ten at 6.4%. It sat 9.9% below its high of Aug 14, 2026 on Oct 28, 2026.

VTEB

VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, IWO or VTEB?
In the year to Oct 28, 2026, with distributions reinvested, IWO returned +7.9% and VTEB −0.4%.
Which is cheaper, IWO or VTEB?
VTEB is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, IWO against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwo-vs-vteb

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