VTWV vs VYM
Vanguard Russell 2000 Value ETF vs Vanguard High Dividend Yield ETF
Which is better, VTWV or VYM?
Small Cap Value against Large Cap Value.
VYM has a lower expense ratio. VTWV led over 1Y and 3Y, VYM over 5Y and the full window. VTWV is less concentrated, with 5.4% of the fund in its ten largest positions against 26.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | VTWV | VYM |
|---|---|---|
| Expense Ratio | 0.06% | 0.04%Best |
| AUM | $1.4B | $83.1B |
| Dividend Yield | 1.60% | 2.22% |
| Holdings | 1,419 | 608 |
| YTD Return | +17.59%Best | +10.00% |
| 1Y Return | +21.43%Best | +13.75% |
| 3Y Return (annualized) | +19.75%Best | +18.81% |
| 5Y Return (annualized) | +7.70% | +11.63%Best |
| Volatility (annualized) | 19.4% | 12.9%Best |
| Max Drawdown | -47.3% | -35.7%Best |
| $10,000 over 5 years | $14,490 | $17,334Best |
| Top 10 Weight | 5.4%Best | 26.1% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Value |
| Inception | Sep 20, 2010 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2010 to Oct 2, 2026 (16 years).
VTWV vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
VTWV vs VYM Performance
Vanguard Russell 2000 Value ETF (VTWV) is an ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year VTWV returned +21.43% while VYM returned +13.75%. Year to date, VTWV is up 17.59% versus a gain of 10.00% for VYM.
Over three years, VTWV compounded at +19.75% per year against +18.81% for VYM; over five years the annualized figures are +7.70% and +11.63% respectively. Across the full 16-year window we track, VYM has the edge at +10.16% annualized vs +9.16%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTWV has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 12.9% 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.60% against 2.22% for VYM.
Holdings Overlap
26.7% of VTWV's money is in holdings VYM also owns. 2.0% of VYM's money is in holdings VTWV also owns.
VTWV and VYM share little of their money.
132 positions in common, counted across the 1,332 positions we hold weights for in VTWV and 557 in VYM, against full books of 1,419 and 608.
What only one of them owns
Our book lists 410 positions for VYM that do not appear in our book for VTWV (95.1% of the fund), and 1,024 for VTWV that do not appear in VYM (66.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in VTWV | Weight in VYM | Difference |
|---|---|---|---|
| UMBFUmb Financial Corp. | 0.64% | 0.04% | 0.60% |
| ONBOld National Bancorp/In Common Stock | 0.53% | 0.04% | 0.49% |
| JXNJackson Financial Inc USD | 0.52% | 0.03% | 0.49% |
| SMSm Energy Co | 0.48% | 0.03% | 0.45% |
| TEXTerex Corp | 0.47% | 0.03% | 0.44% |
| PBFPbf Energy Inc | 0.46% | 0.03% | 0.43% |
| UBSIUnited Bankshares Inc/Wv | 0.44% | 0.03% | 0.41% |
| SWXSouthwest Gas Holdings Inc Common Stock Usd 1 | 0.43% | 0.03% | 0.40% |
| HWCHancock Whitney Corp Common Stock Usd3.33 | 0.41% | 0.03% | 0.38% |
| AUBAtlantic Union Bankshares Corp. | 0.40% | 0.02% | 0.38% |
26.7% of VTWV is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $2 a year on a $10,000 investment.
Which performed better, VTWV or VYM?
Over the past year VTWV returned +21.43% vs +13.75% for VYM, so VTWV leads on 1-year performance. Over the longest common window we track (16 years), VTWV annualized +9.16% vs +10.16% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VTWV or VYM?
VTWV has been the more volatile fund at 19.4% annualized versus 12.9% for VYM. Worst drawdown: VTWV -47.3% vs VYM -35.7%.
Should I hold both VTWV and VYM?
VTWV and VYM have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between VTWV and VYM?
26.7% of VTWV's money is in holdings VYM also owns. 2.0% of VYM's is in holdings VTWV also owns. They hold 132 positions in common, counted across the 1,332 positions we hold weights for in VTWV and 557 in VYM.
Which pays a higher dividend, VTWV or VYM?
VTWV yields 1.60% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than VTWV?
VYM has a lower expense ratio. VTWV led over 1Y and 3Y, VYM over 5Y and the full window. VTWV is less concentrated, with 5.4% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.