Data as of Oct 28, 2026.
VBK vs VTWO: Differences, Returns & Fees
Over the year to Oct 28, 2026, VBK returned +10.3% to VTWO's +14.3%; 25% of their weight is in the same names.
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Net assets on Sep 30, 2026: $22.8bn for Vanguard Morningstar Small-Cap Growth ETF and $16.6bn for Vanguard Russell 2000 ETF.
Pair scorecard
VBK costs 0.01 points a year less; their one-year returns differ by 4.0 points; VBK is 1.4 times larger.
| Measure | VBK | VTWO |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.3% | +14.3% |
| Drawdown | ||
| Below its high | 8.0%, high on Aug 17, 2026 | 7.5%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | Morningstar US Small Cap Growth Index | Russell 2000 Index |
| Cost and size | ||
| Expense ratio | 0.05% | 0.06% |
| Net assets, as of Sep 30, 2026 | $22.8bn | $16.6bn |
| Holdings | ||
| Holdings in common | 25% | |
| Top ten holdings, share of the fund | 12.2% | 5.4% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Oct 1, 2010 to Oct 23, 2026 · 838 weekly returnsVBK returned slightly more: +448.3% to +409.2%. VBK and VTWO swung about the same: 20.9% and 21.0%. VBK fell slightly less at its worst: −37.1% to −40.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VBK | VTWO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +448.3% | +409.2% | VBK (slight) | Price change plus distributions, reinvested. |
| Annualized | +11.1% | +10.6% | VBK (slight) | Total return as a yearly rate. |
| Price return | +388.1% | +315.9% | VBK | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.9% | 21.0% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.5% | 14.5% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −37.1% | −40.2% | VBK (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.53 | 0.51 | VBK (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.77 | 0.74 | VBK (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.30 | 0.26 | VBK | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 838 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VBK and VTWO hold 25% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
25% in common
Only in one fund ↓
Side by side
VBK and VTWO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VBK and VTWO do different jobs. What does each one do in a portfolio?
- What each follows. VBK follows Morningstar US Small Cap Growth Index and VTWO follows Russell 2000 Index.
- Holdings in common. 25% of the weight is in the same securities (holdings dated Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VBK returned +10.3% and VTWO +14.3% with distributions reinvested, a gap of 4.0 points.
Data as of Oct 28, 2026.
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VBK
VBK tracks an index of Small-Cap Growth. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 554 positions, with the top ten at 12.2%. It sat 8.0% below its high of Aug 17, 2026 on Oct 28, 2026.
VTWO
VTWO tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.3% with distributions reinvested, against +14.1% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,002 positions, with the top ten at 5.4%. It sat 7.5% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VBK or VTWO?
- In the year to Oct 28, 2026, with distributions reinvested, VBK returned +10.3% and VTWO +14.3%.
- Which is cheaper, VBK or VTWO?
- VBK is cheaper, by 0.01 percentage points a year. That is about $1 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, VBK against VTWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vbk-vs-vtwo
ETFIQ. (Oct 28, 2026). VBK against VTWO. Retrieved from https://etfiq.com/compare/any/vbk-vs-vtwo
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