What does the 0.06% expense ratio mean for these two Vanguard ETFs?

The expense ratio represents the annual fee charged by a fund. Both VTWG and VTWV have a 0.06% expense ratio. This means that for every £100 invested, investors pay 6 pence annually in fees, deducted from the fund's assets. Because both fees are identical, there is no cost difference between them on an ongoing basis, making them equally efficient in terms of management costs.

How do the Russell 2000 Growth and Value indices differ?

The Russell 2000 Growth index, tracked by VTWG, focuses on small-cap companies with high earnings growth potential. Conversely, the Russell 2000 Value index, tracked by VTWV, targets small-cap companies that appear undervalued relative to their fundamentals. While both target small-cap stocks, the growth fund seeks future expansion, whereas the value fund seeks price corrections based on current metrics.

Why are sector weightings listed as not available for both funds?

For both VTWG and VTWV, the specific sector weights are listed as not available in the provided data. This lack of transparency means investors cannot immediately determine the exact economic exposure, such as the percentage allocated to technology or healthcare. Beginners should note that without this data, detailed asset allocation analysis relative to sectors is limited using only the current information.

What are the top holdings for VTWG compared to VTWV?

VTWG's top holdings include FROG, MOG.A, GKOS, EAT, and BTSG, with weights ranging from 0.68% to 0.59%. VTWV's top holdings differ entirely, featuring UMBF, CTRE, JXN, SM, and VSAT, with weights between 0.62% and 0.55%. This demonstrates that despite both being Vanguard small-cap ETFs, they hold distinct companies driven by different selection criteria.

Do VTWG and VTWV share any top-10 holdings?

Based on the provided data, there are no shared top-10 holdings between VTWG and VTWV. The lists of the top ten positions for each fund are completely distinct. This indicates that the growth and value screening methodologies currently result in negligible overlap at the highest allocation levels, offering investors diversification if holding both funds together.

How do the dividend yields compare between the two funds?

VTWV has a dividend yield of 1.64%, which is significantly higher than VTWG's yield of 0.63%. This difference reflects the typical behaviour of value stocks, which often pay higher dividends, versus growth stocks that retain earnings for reinvestment. Investors interested in current income would find VTWV's yield more substantial, while VTWG offers a lower income potential from its holdings.

How do the fund sizes compare for liquidity considerations?

VTWG has net assets of $1.4 billion, while VTWV has net assets of $1.3 billion. Both funds are of similar size, generally considered sufficient for standard retail trading liquidity. However, the pros and cons data suggest that these asset levels might be smaller than major core equity ETFs, potentially limiting trading in very large block transactions for both funds.

What market environment typically favours small-cap growth stocks?

Small-cap growth stocks, represented by VTWG, often perform better in environments where interest rates are falling or stable, and economic conditions support expansion. The top holdings, such as tech and biotech firms, rely on future earnings potential. However, they can be more volatile during economic downturns when investors seek safety, contrasting with the more defensive nature often associated with value stocks.

How does economic cyclicality impact the small-cap value segment?

VTWV concentrates in small-cap value stocks, which the data notes can be sensitive to cyclical economic downturns. Value stocks often outperform when the economy is recovering or expanding, as investors rotate into more established, undervalued companies with tangible assets. The cons explicitly highlight this sensitivity, suggesting that this fund's performance is closely tied to the broader economic cycle.

How do ETF distributions work in the UK for these funds?

ETFs like VTWG and VTWV typically distribute income from dividends and interest, or capital gains, to shareholders. These distributions are often taxable in the UK. Beginners should understand that while yields are quoted, the actual payout frequency and amount can vary. Investors should consult official tax guidance, as UK tax treatment of ETF income and capital gains differs from other jurisdictions.

What is the significance of both funds being launched in 2010?

Both VTWG and VTWV were launched in September 2010. This provides a long operating history of approximately 15 years as of the data fetch date. A proven structure helps investors assess how the funds have tracked their respective indexes over different market cycles. This longevity supports confidence in Vanguard's administration, as these vehicles have survived multiple economic phases.

Is there a recommended holding period for these ETFs?

The provided data notes Vanguard's reputation for long-term stewardship supports investor confidence. While no specific holding period is mandated, the low expense ratios of 0.06% and the nature of small-cap investing suggest a long-term investment horizon is generally appropriate for these funds. Investors should consider their own financial goals and risk tolerance when determining the duration of their investment in either fund.

VTWG vs VTWV

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

This page compares Vanguard Russell 2000 Growth (VTWG) and Vanguard Russell 2000 Value (VTWV), examining their 0.06% expense ratios, dividend yields of 0.63% and 1.64%, net assets of $1.4 billion and $1.3 billion, holdings, and how each fund tracks its market. Index tracked data is not available for either fund. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

VTWG

Metric

VTWV

0.06%

Expense Ratio

0.06%

0.63%

Dividend Yield

1.64%

$1.44B

Net Assets

$1.34B

1,141

Holdings

1,430

Sep 20, 2010

Inception Date

Sep 20, 2010

–

Index Tracked

–

Small Growth

Fund Category

Small Value

Both funds charge the same annual fee.

Shared Top Holdings

These funds do not share any of their top holdings.

Discover More Comparisons

VTWG vs VTWO

Compare VTWG and VTWO on fees, holdings, dividends, and tracking. Review Vanguard Russell 2000 Growth ETF against Vanguard Russell 2000 ETF facts.

VTWO vs VTWV

Compare VTWO and VTWV. Both charge 0.06% fees. VTWO yields 1.13% while VTWV yields 1.64%. Examine holdings, net assets, and tracking differences.

Investment Analysis

VTWG

Pros

Vanguard's reputation for low costs and long‑term stewardship supports investor confidence.
A 0.06% expense ratio makes this an exceptionally cheap way to access small‑cap growth.
The fund's inception in 2010 means the vehicle is established and has a long operating history.

Considerations

A 0.63% dividend yield is low for investors seeking meaningful income generation.
Net assets of $1.4 billion may limit trading liquidity in very large block transactions.
Specific sector weights are currently unavailable, reducing transparency for some investors.

VTWV

Pros

A 1.64% dividend yield is substantially higher than typical small‑growth alternatives.
The 0.06% expense ratio ensures minimal drag on returns in the small‑value segment.
Launched in 2010, the fund offers a proven structure within the Russell 2000 value index.

Considerations

With $1.3 billion in assets, the fund is smaller than many core equity ETFs.
A lack of disclosed sector weightings hinders precise asset‑allocation analysis for investors.
Concentrating in small‑cap value stocks increases sensitivity to cyclical economic downturns.

About VTWG and VTWV

VTWG (VTWG)

The Vanguard Russell 2000 Growth ETF (VTWG) is designed to track the performance of the Russell 2000 Growth Index, focusing on the small-cap segment of the U.S. equity universe with higher expected growth rates. With an inception date of September 20, 2010, this fund holds approximately 1,141 companies and maintains a competitive expense ratio of 0.06%. It currently holds net assets of USD 1.44 billion and offers a dividend yield of 0.63%. As a Small Growth category fund, VTWG provides investors with broad exposure to emerging innovative companies, though it is important to note that small-cap stocks can be more volatile than large-cap equivalents. Investors should consider that values can rise and fall, and returns are not guaranteed.

VTWV (VTWV)

The Vanguard Russell 2000 Value ETF is an exchange-traded fund designed to provide exposure to the small-cap value segment of the US equity market. It tracks a benchmark index composed of smaller companies that investors often perceive as undervalued relative to their growth prospects. With a low expense ratio of 0.06% and net assets of approximately USD 1.34 billion, this fund offers a cost-effective way to diversify a portfolio. As of September 2010, it has held around 1,430 individual securities. Investors should note that the fund currently reports a dividend yield of 1.64%. However, as with all equity investments, the value of shares can rise and fall, and past performance is not a reliable indicator of future results. It is important to consider your risk tolerance and investment goals before investing.

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VTWG vs VTWV

Fund Snapshot

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VTWG vs VTWO

VTWO vs VTWV

Investment Analysis

VTWG

Pros

Considerations

VTWV

Pros

Considerations

About VTWG and VTWV

Buy VTWG or VTWV in Nemo

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Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What does the 0.06% expense ratio mean for these two Vanguard ETFs?

How do the Russell 2000 Growth and Value indices differ?

Why are sector weightings listed as not available for both funds?

What are the top holdings for VTWG compared to VTWV?

Do VTWG and VTWV share any top-10 holdings?

How do the dividend yields compare between the two funds?

How do the fund sizes compare for liquidity considerations?

What market environment typically favours small-cap growth stocks?

How does economic cyclicality impact the small-cap value segment?

How do ETF distributions work in the UK for these funds?

What is the significance of both funds being launched in 2010?

Is there a recommended holding period for these ETFs?

Fund Snapshot

About VTWG and VTWV

Discover More Comparisons

VTWG vs VTWO

VTWO vs VTWV