What is the primary difference between a small blend and small value ETF?

A small blend fund, like VTWO, targets the general small-cap market, mixing growth and value stocks. In contrast, a small value fund, like VTWV, specifically selects smaller companies that appear undervalued based on metrics like price-to-earnings ratios. The value strategy seeks to identify firms potentially priced below their intrinsic worth, whereas blend offers broader exposure to the entire small-cap sector without a strict tilt toward either growth or value investing styles.

Why do both funds have the same inception date but different net assets?

Both VTWO and VTWV launched on September 20, 2010, but they serve distinct investor needs, leading to different asset levels. VTWO's $16.9 billion reflects its role as a core holding for general small-cap exposure, attracting broad participation. VTWV's $1.3 billion indicates a more specialised audience focusing on the value factor. Asset size also influences trading liquidity, which often drives larger flows into more commonly used benchmark funds.

How do the expense ratios of these two funds compare?

Both VTWO and VTWV charge an identical expense ratio of 0.06%. This means that for every $10,000 invested, the annual management fee is $6 for either fund. Because the costs are the same, the fee difference over time is zero percentage points. Investors should note that low costs alone do not determine the better fund; the choice depends on whether one wants broad small-cap exposure or a specific value tilt within that segment.

Which types of investing goals are typically associated with these funds?

VTWO is often associated with goals requiring diversified exposure to the entire small-cap universe, serving as a building block for a balanced portfolio. It suits investors wanting to capture general small-company growth. VTWV is typically linked to goals focused on the value factor, aiming for potential long-term outperformance relative to the broader small-cap market, albeit with the risk that value stocks may underperform during growth-led market cycles.

How similar are the top holdings of these two ETFs?

The overlap between the top ten holdings is minimal, with only UMBF and CYTK appearing in both lists. However, their weighting differs significantly. UMBF accounts for 0.33% of VTWO's portfolio but is the largest position at 0.62% in VTWV. Similarly, CYTK is 0.29% in VTWO and 0.54% in VTWV. This indicates VTWV's concentrated value tilt, while VTWO's broader structure leads to more diluted individual stock impact.

How do ETF distributions work regarding the reported dividend yields?

VTWO reports a dividend yield of 1.13%, while VTWV reports 1.64%. ETFs typically accumulate dividends paid by the underlying companies throughout the quarter and then distribute them to shareholders. A higher yield suggests VTWV's holdings are generating more income relative to their share price, consistent with its value focus. Investors should note that yields fluctuate with share prices and company payout policies, so distributions are not guaranteed to remain static over time.

What does the difference in net assets imply for trading?

VTWO holds $16.9 billion in net assets compared to VTWV's $1.3 billion. Generally, larger asset bases support higher trading volumes, which can lead to tighter bid-ask spreads and better liquidity. While both are Vanguard funds and likely maintain reasonable liquidity, the significantly smaller size of VTWV might result in slightly wider spreads during volatile market conditions, potentially affecting execution prices for larger trades compared to the more heavily traded VTWO.

What risks are inherent to small-cap and value investing?

Small-cap stocks, tracked by both funds, inherently carry higher volatility and risk than large-cap stocks due to smaller company size and resources. Additionally, VTWV introduces specific style risk because value stocks can significantly underperform growth stocks during certain market cycles. Investors must understand that these funds are sensitive to economic conditions and market sentiment, which can affect small and value segments differently, creating potential for periods of underperformance.

Why is the tracked index information listed as not available?

The provided data lists the tracked index as 'not available' for both VTWO and VTWV. While these funds typically track Russell indices, the specific data required for this comparison does not include the exact index names or their methodologies. Without this information, it is impossible to verify the precise rebalancing schedules or inclusion criteria used by each fund, limiting the ability to assess transparency regarding their specific investment strategies and composition rules.

How should beginners interpret the top holding concentration levels?

Beginners should compare the weight of the largest positions. In VTWO, top holdings like FROG are weighted around 0.34%, indicating high diversification with a low single-stock impact. In VTWV, the top holding UMBF is weighted at 0.62%, reflecting a more concentrated portfolio due to its value screening. Lower concentration means performance is driven by the average of many companies, while higher concentration increases sensitivity to the few largest holdings in the fund.

What disclaimer applies to this ETF comparison content?

This content is for educational purposes only and does not constitute financial advice. The data provided, including expense ratios, net assets, and holdings, is based on sources as of 2026-09-22 and may change over time. Investors should conduct their own research or consult a qualified financial advisor before making investment decisions. Past performance or yield levels do not guarantee future results, and understanding fund risks and structures is essential when evaluating these ETFs.

VTWO vs VTWV

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

Compare Vanguard Russell 2000 ETF (VTWO) and Vanguard Russell 2000 Value ETF (VTWV) on fees, holdings, dividends and market tracking. Both have a 0.06% expense ratio and started on Sep 20, 2010. Net assets are $16.9 billion for VTWO and $1.3 billion for VTWV; dividend yields are 1.13% and 1.64%. Top holdings differ, with UMBF and CYTK in both. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

VTWO

Metric

VTWV

0.06%

Expense Ratio

0.06%

1.13%

Dividend Yield

1.64%

$16.86B

Net Assets

$1.34B

2,002

Holdings

1,430

Sep 20, 2010

Inception Date

Sep 20, 2010

–

Index Tracked

–

Small Blend

Fund Category

Small Value

Both funds charge the same annual fee.

Shared Top Holdings

Holding	VTWO	VTWV
UMBFUMB Financial Corporation	0.33%	0.62%
CYTKCytokinetics, Incorporated	0.29%	0.54%

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VTWG vs VTWV

Compare VTWG and VTWV ETFs. Both charge 0.06%. VTWV yields 1.64%; VTWG yields 0.63%. Holdings and index tracking data details for both funds.

Investment Analysis

VTWO

Pros

This fund tracks small blend companies, offering broad exposure to the smaller market segment.
The fund charges a very low expense ratio of 0.06%, minimising ongoing holding costs for investors.
With $16.9 billion in net assets, the fund is large, potentially supporting better liquidity and trading spreads.

Considerations

As a small cap fund, it inherently carries higher volatility and risk than broad market large cap investments.
The top 10 holdings account for only around 3.07%, indicating high diversification but also potential dilution of returns.
Details on the tracked index and sector weights are not available, limiting transparency on its specific strategy.

VTWV

Pros

This fund targets small value stocks, potentially offering higher long-term returns than the broader small cap market.
It has a higher dividend yield of 1.64%, providing more income for investors compared to the blend fund.
The top holdings are more concentrated, with the first position at 0.62%, reflecting a value tilt.

Considerations

The fund is much smaller with $1.3 billion in net assets, which may negatively impact liquidity.
Specific tracking index and sector weight data are not available, obscuring the exact methodology and portfolio composition.
Value stocks can significantly underperform growth during certain market cycles, introducing a timing and style risk.

About VTWO and VTWV

VTWO (VTWO)

The Vanguard Russell 2000 ETF aims to track the performance of small-cap companies in the United States. With an expense ratio of just 0.06%, it offers a cost-effective way for investors to gain broad exposure to this sector. The fund holds over 2,000 securities, providing diversification across many different small businesses. Since its inception in September 2010, it has grown to manage approximately USD 16.86 billion in net assets. It currently offers a dividend yield of 1.13%, which may fluctuate based on market conditions and company payouts. As with any investment involving small-cap stocks, values can be more volatile than those of larger companies, so it's important to consider your personal risk tolerance. This ETF is designed for general educational purposes to help you understand how small-cap market segments operate within a portfolio.

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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VTWO vs VTWV

Fund Snapshot

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VTWG vs VTWV

Investment Analysis

VTWO

Pros

Considerations

VTWV

Pros

Considerations

About VTWO and VTWV

Buy VTWO or VTWV in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What is the primary difference between a small blend and small value ETF?

Why do both funds have the same inception date but different net assets?

How do the expense ratios of these two funds compare?

Which types of investing goals are typically associated with these funds?

How similar are the top holdings of these two ETFs?

How do ETF distributions work regarding the reported dividend yields?

What does the difference in net assets imply for trading?

What risks are inherent to small-cap and value investing?

Why is the tracked index information listed as not available?

How should beginners interpret the top holding concentration levels?

What disclaimer applies to this ETF comparison content?

Fund Snapshot

About VTWO and VTWV

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VTWG vs VTWV