Data as of Oct 28, 2026.

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VTWO vs VUG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VTWO returned +14.3% to VUG's +6.6%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $16.6bn for Vanguard Russell 2000 ETF and $232.9bn for Vanguard Morningstar Growth ETF.

At a glance
+14.3%
VTWO total return, 1 year
+6.6%
VUG total return, 1 year
0.06%
VTWO expense ratio
0.03%
VUG expense ratio

Pair scorecard

VUG costs 0.03 points a year less; their one-year returns differ by 7.7 points; VUG is 14.0 times larger.

VTWO vs VUG: Differences, Returns & Fees
MeasureVTWOVUG
Return
Total return, 1 year+14.3%+6.6%
Drawdown
Below its high7.5%, high on Aug 14, 20264.1%, high on Oct 6, 2026
Benchmark
What it tracksRussell 2000 IndexMorningstar US Large Cap Growth Index
Cost and size
Expense ratio0.06%0.03%
Net assets, as of Sep 30, 2026$16.6bn$232.9bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund5.4%63.1%

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

Risk and return

Oct 1, 2010 to Oct 23, 2026 · 838 weekly returns
VTWO VUG
Return
Total return edge VUG +409.2% +1,007.1%
Annualized edge VUG +10.6% +16.1%
Price return edge VUG +315.9% +844.8%
Risk
Volatility edge VUG 21.0% 18.4%
Max drawdown edge VUG −40.2% −35.6%
Risk-adjusted
Sharpe edge VUG 0.51 0.82
Sortino edge VUG 0.74 1.22
Calmar edge VUG 0.26 0.45
Reading

VUG returned more: +1,007.1% to +409.2%. VUG swung less: 18.4% to 21.0%. VUG fell less at its worst: −35.6% to −40.2%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VTWO vs VUG: Differences, Returns & Fees
MeasureVTWOVUGEdgeHow it is measured
Return
Total return+409.2%+1,007.1%VUGPrice change plus distributions, reinvested.
Annualized+10.6%+16.1%VUGTotal return as a yearly rate.
Price return+315.9%+844.8%VUGPrice change alone, distributions left out.
Risk
Volatility21.0%18.4%VUGSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.5%12.3%VUGLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−40.2%−35.6%VUGDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.510.82VUGReturn above Treasury bills per unit of volatility.
Sortino0.741.22VUGReturn above Treasury bills per unit of downside deviation.
Calmar0.260.45VUGAnnualized 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

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VTWO VUG
MKTLIQ 0.05% 0.05%
SLBBH1142 2.36% 0.04%
Only in one fund ↓
Only in VTWO
Twist Bioscience Corp 0.42%
Moog Inc 0.36%
10X Genomics Inc 0.35%
JFrog Ltd 0.35%
UMB Financial Corp 0.32%
BrightSpring Health Services Inc 0.31%
Glaukos Corp 0.31%
Viasat Inc 0.30%
Only in VUG
NVIDIA Corp 13.49%
Apple Inc 12.51%
Microsoft Corp 9.74%
Alphabet Inc 5.16%
Broadcom Inc 4.34%
Amazon.com Inc 4.26%
Meta Platforms Inc 4.23%
Alphabet Inc 4.09%
Check overlap with more funds →

Side by side

VTWO Vanguard Russell 2000 ETF VUG Vanguard Morningstar Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Russell 2000 Tracks an index of US growth
Total return, 1 year +14.3% +6.6%
Its benchmark over the same days +14.1% (IWM) not measured
Gap to its benchmark +0.2 pts vs IWM not measured
Expense ratio 0.06% 0.03%
Already in the S&P 500 0.5% 97.3%
Holdings 2002 137
Net assets, as of Sep 30, 2026 $16.6bn $232.9bn

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

Client brief · page 1 of 2 Report BR-C2B70FF625

VTWO and VUG do different jobs. What does each one do in a portfolio?

  1. What each follows. VTWO follows Russell 2000 Index and VUG follows Morningstar US Large Cap Growth Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 VTWO returned +14.3% and VUG +6.6% with distributions reinvested, a gap of 7.7 points.

Data as of Oct 28, 2026.

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About each fund
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.

VUG

VUG tracks an index of US growth. Over the year to Oct 28, 2026 it returned +6.6% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 137 positions, with the top ten at 63.1%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VTWO or VUG?
In the year to Oct 28, 2026, with distributions reinvested, VTWO returned +14.3% and VUG +6.6%.
Which is cheaper, VTWO or VUG?
VUG is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VTWO and VUG overlap with the S&P 500?
By their latest filed holdings, 0% of VTWO and 97% of VUG by weight is stocks the S&P 500 already holds.
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ETFIQ, VTWO against VUG, data as of Oct 28, 2026. https://etfiq.com/compare/any/vtwo-vs-vug

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