Data as of Oct 28, 2026.

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VTWO vs VXF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VTWO returned +14.3% to VXF's +10.6%; 35% 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 $30.2bn for Vanguard Extended Market ETF.

At a glance
+14.3%
VTWO total return, 1 year
+10.6%
VXF total return, 1 year
0.06%
VTWO expense ratio
0.05%
VXF expense ratio

Pair scorecard

VXF costs 0.01 points a year less; their one-year returns differ by 3.7 points; VXF is 1.8 times larger.

VTWO vs VXF: Differences, Returns & Fees
MeasureVTWOVXF
Return
Total return, 1 year+14.3%+10.6%
Drawdown
Below its high7.5%, high on Aug 14, 20266.6%, high on Aug 14, 2026
Benchmark
What it tracksRussell 2000 IndexS&P Completion Index
Cost and size
Expense ratio0.06%0.05%
Net assets, as of Sep 30, 2026$16.6bn$30.2bn
Holdings
Holdings in common35%
Top ten holdings, share of the fund5.4%11.3%

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

Risk and return

Oct 1, 2010 to Oct 23, 2026 · 838 weekly returns
VTWO VXF
Return
Total return edge VXF +409.2% +494.3%
Annualized edge VXF (slight) +10.6% +11.7%
Price return edge VXF +315.9% +380.1%
Risk
Volatility edge VXF (slight) 21.0% 20.3%
Max drawdown edge Tie −40.2% −39.9%
Risk-adjusted
Sharpe edge VXF 0.51 0.57
Sortino edge VXF (slight) 0.74 0.82
Calmar edge VXF (slight) 0.26 0.29
Reading

VXF returned more: +494.3% to +409.2%. VXF swung slightly less: 20.3% to 21.0%. VTWO and VXF fell about the same at their worst: −40.2% and −39.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VTWO vs VXF: Differences, Returns & Fees
MeasureVTWOVXFEdgeHow it is measured
Return
Total return+409.2%+494.3%VXFPrice change plus distributions, reinvested.
Annualized+10.6%+11.7%VXF (slight)Total return as a yearly rate.
Price return+315.9%+380.1%VXFPrice change alone, distributions left out.
Risk
Volatility21.0%20.3%VXF (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation14.5%14.1%VXF (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−40.2%−39.9%TieDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.510.57VXFReturn above Treasury bills per unit of volatility.
Sortino0.740.82VXF (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.260.29VXF (slight)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

35%

By the books each fund has filed, VTWO and VXF hold 35% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

35% in common

Positions both hold · largest shared weight first VTWO VXF
Twist Bioscience Corp 0.42% 0.15%
10X Genomics Inc 0.35% 0.13%
Moog Inc 0.36% 0.13%
Glaukos Corp 0.31% 0.12%
Hut 8 Corp 0.29% 0.12%
Viasat Inc 0.30% 0.12%
BrightSpring Health Services Inc 0.31% 0.12%
UMB Financial Corp 0.32% 0.11%
Cytokinetics Inc 0.29% 0.11%
Protagonist Therapeutics Inc 0.28% 0.11%
Krystal Biotech Inc 0.29% 0.11%
CareTrust REIT Inc 0.29% 0.10%
Only in one fund ↓
Only in VTWO
SLBBH1142 2.36%
JFrog Ltd 0.35%
SSR Mining Inc 0.23%
Golar LNG Ltd 0.15%
Brookfield Infrastructure Corp 0.15%
Marex Group Ltd 0.14%
Scorpio Tankers Inc 0.12%
Xenon Pharmaceuticals Inc 0.12%
Only in VXF
Space Exploration Technologies Corp 2.50%
SLCMT1142 2.26%
Snowflake Inc 1.42%
Cloudflare Inc 1.35%
Natera Inc 0.72%
Strategy Inc 0.67%
Astera Labs Inc 0.67%
Cheniere Energy Inc 0.67%
Check overlap with more funds →

Side by side

VTWO Vanguard Russell 2000 ETF VXF Vanguard Extended Market ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Russell 2000 Tracks an index of Extended Market
Total return, 1 year +14.3% +10.6%
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% 0.05%
Already in the S&P 500 0.5% 0.0%
Holdings 2002 3361
Net assets, as of Sep 30, 2026 $16.6bn $30.2bn

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

Client brief · page 1 of 2 Report BR-42DC895A3D

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

  1. What each follows. VTWO follows Russell 2000 Index and VXF follows S&P Completion Index.
  2. Holdings in common. 35% 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 VXF +10.6% with distributions reinvested, a gap of 3.7 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.

VXF

VXF tracks an index of Extended Market. Over the year to Oct 28, 2026 it returned +10.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,361 positions, with the top ten at 11.3%. It sat 6.6% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VTWO or VXF?
In the year to Oct 28, 2026, with distributions reinvested, VTWO returned +14.3% and VXF +10.6%.
Which is cheaper, VTWO or VXF?
VXF 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.
How much do VTWO and VXF overlap with the S&P 500?
By their latest filed holdings, 0% of VTWO and 0% of VXF by weight is stocks the S&P 500 already holds.
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ETFIQ, VTWO against VXF, data as of Oct 28, 2026. https://etfiq.com/compare/any/vtwo-vs-vxf

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