Data as of Oct 28, 2026.
RWJ vs VBR: Differences, Returns & Fees
Over the year to Oct 28, 2026, RWJ returned +21.2% to VBR's +17.6%; 19% of their weight is in the same names.
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Net assets: $2.0bn on Oct 27, 2026 for Invesco S&P SmallCap 600 Revenue ETF, and $35.1bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Value ETF.
Pair scorecard
VBR costs 0.34 points a year less; their one-year returns differ by 3.6 points.
| Measure | RWJ | VBR |
|---|---|---|
| Return | ||
| Total return, 1 year | +21.2% | +17.6% |
| Drawdown | ||
| Below its high | 6.9%, high on Aug 4, 2026 | 3.9%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | S&P SmallCap 600 Revenue-Weighted Index | Morningstar US Small Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.39% | 0.05% |
| Net assets, RWJ as of Oct 27, 2026 and VBR as of Sep 30, 2026 | $2.0bn | $35.1bn |
| Holdings | ||
| Holdings in common | 19% | |
| Top ten holdings, share of the fund | 14.4% | 5.9% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Feb 29, 2008 to Oct 23, 2026 · 973 weekly returnsRWJ returned more: +743.3% to +488.9%. VBR swung less: 22.9% to 26.1%. RWJ and VBR fell about the same at their worst: −55.8% and −55.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | RWJ | VBR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +743.3% | +488.9% | RWJ | Price change plus distributions, reinvested. |
| Annualized | +12.1% | +9.9% | RWJ | Total return as a yearly rate. |
| Price return | +603.8% | +297.2% | RWJ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 26.1% | 22.9% | VBR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.7% | 16.0% | VBR (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −55.8% | −55.6% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.51 | 0.47 | RWJ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.75 | 0.67 | RWJ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.22 | 0.18 | RWJ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 973 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, RWJ and VBR hold 19% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
19% in common
Only in one fund ↓
Side by side
RWJ and VBR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
RWJ and VBR are built for the same job. How do they differ in cost, holdings and results?
- What each follows. RWJ follows S&P SmallCap 600 Revenue-Weighted Index and VBR follows Morningstar US Small Cap Value Index.
- Holdings in common. 19% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 RWJ returned +21.2% and VBR +17.6% with distributions reinvested, a gap of 3.6 points.
Data as of Oct 28, 2026.
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RWJ
RWJ tracks an index. Over the year to Oct 28, 2026 it returned +21.2% with distributions reinvested. The prospectus expense ratio is 0.39% 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 604 positions, with the top ten at 14.4%. It sat 6.9% below its high of Aug 4, 2026 on Oct 28, 2026.
VBR
VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, RWJ or VBR?
- In the year to Oct 28, 2026, with distributions reinvested, RWJ returned +21.2% and VBR +17.6%.
- Which is cheaper, RWJ or VBR?
- VBR is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, RWJ against VBR, data as of Oct 28, 2026. https://etfiq.com/compare/any/rwj-vs-vbr
ETFIQ. (Oct 28, 2026). RWJ against VBR. Retrieved from https://etfiq.com/compare/any/rwj-vs-vbr
[RWJ against VBR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/rwj-vs-vbr)
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