VTWV vs VYM
Vanguard Russell 2000 Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VTWV delivered stronger 1-year returns. VTWV offers more diversification with 1249 holdings.
Side-by-Side Comparison
| Metric | VTWV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.04% | |
| AUM | $1.3B | $79.0B | |
| Dividend Yield | 2.07% | 2.86% | |
| Holdings | 1,432 | 568 | |
| YTD Return | +24.14% | +16.16% | |
| 1Y Return | +42.76% | +26.05% | |
| 3Y Return (annualized) | +17.75% | +18.43% | |
| 5Y Return (annualized) | +8.95% | +12.21% | |
| Volatility (annualized) | 19.5% | 14.6% | |
| Max Drawdown | -47.3% | -58.8% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 20, 2010 | Nov 10, 2006 |
VTWV vs VYM Performance
Vanguard Russell 2000 Value ETF (VTWV) is a ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year VTWV returned +42.76% while VYM returned +26.05%. Year to date, VTWV is up 24.14% versus a gain of 16.16% for VYM.
Over three years, VTWV compounded at +17.75% per year against +18.43% for VYM; over five years the annualized figures are +8.95% and +12.21% respectively. Across the full 16-year window we track, VTWV has the edge at +9.62% annualized vs +7.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTWV has been the more volatile fund, with annualized monthly volatility of 19.5% compared with 14.6% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -47.3% for VTWV and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VTWV charges 0.06% per year while VYM charges 0.04%. On a $10,000 position that is $6 vs $4 annually, a gap of $2 per year that compounds over a long holding period. On income, VTWV currently yields 2.07% against 2.86% for VYM.
Holdings Overlap
VTWV and VYM share 155 holdings out of 1652 unique holdings combined, representing a 2.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VTWV or VYM?
VTWV has an expense ratio of 0.06% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, VTWV or VYM?
Over the past year VTWV returned +42.76% vs +26.05% for VYM, so VTWV leads on 1-year performance. Over the longest common window we track (16 years), VTWV annualized +9.62% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, VTWV or VYM?
VTWV has been the more volatile fund at 19.5% annualized versus 14.6% for VYM. Worst drawdown: VTWV -47.3% vs VYM -58.8%.
Should I hold both VTWV and VYM?
VTWV and VYM have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VTWV and VYM?
VTWV and VYM share 155 common holdings with a 2.4% weight overlap. Combined, they hold 1652 unique securities.
Which pays a higher dividend, VTWV or VYM?
VTWV yields 2.07% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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