Data as of Oct 28, 2026.
VIOV vs VTWV: Differences, Returns & Fees
Over the year to Oct 28, 2026, VIOV returned +19.4% to VTWV's +21.3%; 41% of their weight is in the same names.
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Net assets on Sep 30, 2026: $1.7bn for Vanguard S&P Small-Cap 600 Value ETF and $1.3bn for Vanguard Russell 2000 Value ETF.
Pair scorecard
VTWV costs 0.04 points a year less; their one-year returns differ by 1.9 points; VIOV is 1.3 times larger.
| Measure | VIOV | VTWV |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.4% | +21.3% |
| Drawdown | ||
| Below its high | 5.6%, high on Aug 14, 2026 | 5.2%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | S&P SmallCap 600 Value Index | Russell 2000 Value Index |
| Cost and size | ||
| Expense ratio | 0.10% | 0.06% |
| Net assets, as of Sep 30, 2026 | $1.7bn | $1.3bn |
| Holdings | ||
| Holdings in common | 41% | |
| Top ten holdings, share of the fund | 8.4% | 5.9% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Oct 1, 2010 to Oct 23, 2026 · 838 weekly returnsEach against its own benchmark: VIOV against IJS, Sep 17, 2010 to Oct 23, 2026; VTWV against IWN, Oct 1, 2010 to Oct 23, 2026.
VIOV returned more: +449.8% to +372.9%. VTWV swung slightly less: 21.1% to 21.9%. VTWV fell slightly less at its worst: −44.4% to −46.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | VIOV | VTWV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +449.8% | +372.9% | VIOV | Price change plus distributions, reinvested. |
| Annualized | +11.2% | +10.1% | VIOV (slight) | Total return as a yearly rate. |
| Price return | +326.2% | +254.6% | VIOV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.9% | 21.1% | VTWV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.8% | 14.5% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −46.3% | −44.4% | VTWV (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 98.9% | 97.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.4% | 99.1% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 0.99 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.98 | 0.99 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.52 | 0.49 | VIOV (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.77 | 0.71 | VIOV (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.116 | 0.104 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.24 | 0.23 | VIOV (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IJS | IWN | The ETF each fund is measured against. | |
| Alpha | +0.2% a year | +0.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.24 | 0.31 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.4% to +1.8% | −1.0% to +1.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.04 | 0.01 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.3% | 2.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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, VIOV and VTWV hold 41% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
41% in common
Only in one fund ↓
Side by side
VIOV and VTWV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VIOV and VTWV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. VIOV follows S&P SmallCap 600 Value Index and VTWV follows Russell 2000 Value Index.
- Holdings in common. 41% of the weight is in the same securities (holdings dated Sep 30, 2026).
- Number of holdings. VIOV holds 465 positions and VTWV holds 1433.
Data as of Oct 28, 2026.
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VIOV
VIOV tracks an index. Over the year to Oct 28, 2026 it returned +19.4% with distributions reinvested, against +19.3% for its benchmark, the S&P SmallCap 600 Value Index. The prospectus expense ratio is 0.10% 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 465 positions, with the top ten at 8.4%. It sat 5.6% below its high of Aug 14, 2026 on Oct 28, 2026.
VTWV
VTWV tracks an index. Over the year to Oct 28, 2026 it returned +21.3% with distributions reinvested, against +21.1% for its benchmark, the Russell 2000 Value Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 1% of the fund by weight is stocks the S&P 500 also holds, across 1,433 positions, with the top ten at 5.9%. It sat 5.2% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VIOV or VTWV?
- In the year to Oct 28, 2026, with distributions reinvested, VIOV returned +19.4% and VTWV +21.3%.
- Which is cheaper, VIOV or VTWV?
- VTWV is cheaper, by 0.04 percentage points a year. That is about $4 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, VIOV against VTWV, data as of Oct 28, 2026. https://etfiq.com/compare/any/viov-vs-vtwv
ETFIQ. (Oct 28, 2026). VIOV against VTWV. Retrieved from https://etfiq.com/compare/any/viov-vs-vtwv
[VIOV against VTWV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/viov-vs-vtwv)
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