Data as of Oct 28, 2026.

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VTWO vs VYM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VTWO returned +14.3% to VYM's +18.0%; 3% 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 $78.9bn for Vanguard High Dividend Yield ETF.

At a glance
+14.3%
VTWO total return, 1 year
+18.0%
VYM total return, 1 year
0.06%
VTWO expense ratio
0.04%
VYM expense ratio

Pair scorecard

VYM costs 0.02 points a year less; their one-year returns differ by 3.7 points; VYM is 4.8 times larger.

VTWO vs VYM: Differences, Returns & Fees
MeasureVTWOVYM
Return
Total return, 1 year+14.3%+18.0%
Drawdown
Below its high7.5%, high on Aug 14, 2026
Benchmark
What it tracksRussell 2000 IndexFTSE High Dividend Yield Index
Cost and size
Expense ratio0.06%0.04%
Net assets, as of Sep 30, 2026$16.6bn$78.9bn
Holdings
Holdings in common3%
Top ten holdings, share of the fund5.4%26.2%

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

Risk and return

Oct 1, 2010 to Oct 23, 2026 · 838 weekly returns
VTWO VYM
Return
Total return edge VYM +409.2% +571.3%
Annualized edge VYM +10.6% +12.5%
Price return edge Tie +315.9% +312.7%
Risk
Volatility edge VYM 21.0% 14.6%
Max drawdown edge VYM −40.2% −32.4%
Risk-adjusted
Sharpe edge VYM 0.51 0.78
Sortino edge VYM 0.74 1.11
Calmar edge VYM 0.26 0.39
Reading

VYM returned more: +571.3% to +409.2%. VYM swung less: 14.6% to 21.0%. VYM fell less at its worst: −32.4% to −40.2%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VTWO vs VYM: Differences, Returns & Fees
MeasureVTWOVYMEdgeHow it is measured
Return
Total return+409.2%+571.3%VYMPrice change plus distributions, reinvested.
Annualized+10.6%+12.5%VYMTotal return as a yearly rate.
Price return+315.9%+312.7%TiePrice change alone, distributions left out.
Risk
Volatility21.0%14.6%VYMSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.5%10.2%VYMLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−40.2%−32.4%VYMDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.510.78VYMReturn above Treasury bills per unit of volatility.
Sortino0.741.11VYMReturn above Treasury bills per unit of downside deviation.
Calmar0.260.39VYMAnnualized 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

3%

By the books each fund has filed, VTWO and VYM hold 3% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

3% in common

Positions both hold · largest shared weight first VTWO VYM
MKTLIQ 0.05% 0.11%
UMB Financial Corp 0.32% 0.04%
FirstCash Holdings Inc 0.28% 0.04%
Old National Bancorp 0.28% 0.04%
Jackson Financial Inc 0.28% 0.04%
SM Energy Co 0.27% 0.03%
PBF Energy Inc 0.25% 0.03%
TXNM Energy Inc 0.21% 0.03%
United Bankshares Inc 0.21% 0.03%
Valley National Bancorp 0.20% 0.03%
GATX Corp 0.20% 0.03%
Hancock Whitney Corp 0.20% 0.03%
Only in one fund ↓
Only in VTWO
SLBBH1142 2.36%
Twist Bioscience Corp 0.42%
Moog Inc 0.36%
10X Genomics Inc 0.35%
JFrog Ltd 0.35%
BrightSpring Health Services Inc 0.31%
Glaukos Corp 0.31%
Viasat Inc 0.30%
Only in VYM
Broadcom Inc 6.93%
JPMorgan Chase & Co 3.75%
ExxonMobil Holdings Corp 2.84%
Johnson & Johnson 2.71%
AbbVie Inc 1.96%
Cisco Systems Inc 1.80%
Chevron Corp 1.61%
Caterpillar Inc 1.56%
Check overlap with more funds →

Side by side

VTWO Vanguard Russell 2000 ETF VYM Vanguard High Dividend Yield ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Russell 2000 Tracks an index of US high dividend
Total return, 1 year +14.3% +18.0%
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% 0.04%
Already in the S&P 500 0.5% 89.5%
Holdings 2002 595
Net assets, as of Sep 30, 2026 $16.6bn $78.9bn

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

Client brief · page 1 of 2 Report BR-C632B7329D

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

  1. What each follows. VTWO follows Russell 2000 Index and VYM follows FTSE High Dividend Yield Index.
  2. Holdings in common. 3% 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 VYM +18.0% 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.

VYM

VYM tracks an index of US high dividend. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Sep 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 595 positions, with the top ten at 26.2%.

Questions people ask

Which returned more over the last year, VTWO or VYM?
In the year to Oct 28, 2026, with distributions reinvested, VTWO returned +14.3% and VYM +18.0%.
Which is cheaper, VTWO or VYM?
VYM is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VTWO and VYM overlap with the S&P 500?
By their latest filed holdings, 0% of VTWO and 90% of VYM by weight is stocks the S&P 500 already holds.
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ETFIQ, VTWO against VYM, data as of Oct 28, 2026. https://etfiq.com/compare/any/vtwo-vs-vym

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