VTWO vs SPY
Comparison between VANGUARD RUSSELL 2000 INDEX FUND ETF SHARES (VTWO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed VTWO, delivering a return of +13.3% compared to +6.2%
VTWO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VTWO
$15B
Winner
SPY
$652B
Expense Ratio
Winner
VTWO
0.06%
SPY
0.09%
Max Drawdown
Winner
VTWO
42.44%
SPY
56.47%
Sharpe Ratio
VTWO
1.86
Winner
SPY
2.07
5Y Beta
VTWO
1.10
Winner
SPY
1.00
P/E Ratio
VTWO
303.71
Winner
SPY
28.24
Forward P/E
Winner
VTWO
14.47
SPY
21.85
5Y Dividends CAGR
Winner
VTWO
15.52%
SPY
5.43%
5Y EPS CAGR
VTWO
11.41%
Winner
SPY
25.79%
Debt to Equity
VTWO
N/A
SPY
22.35%
P/S Ratio
Winner
VTWO
1.41
SPY
3.55
P/B Ratio
Winner
VTWO
2.12
SPY
5.29
VTWO vs SPY - Holdings Comparison
VTWO and SPY have 2 common holdings. Overlap is 0.03%
VTWO's top 25 holdings weight is 11.24%. SPY's top 25 holdings weight is 51.32%.
| Rank | VTWO | SPY |
|---|---|---|
| #1 | SLBBH1142 (n/a) - 1.99% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 0.89% | APPLE INC (AAPL) - 6.48% |
| #3 | BLOOM ENERGY CORP CLASS A (BE) - 0.79% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | FABRINET (FN) - 0.56% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | IONQ INC CLASS A (IONQ) - 0.46% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | NEXTPOWER INC CLASS A (NXT) - 0.45% | BROADCOM INC (AVGO) - 3.09% |
| #7 | GUARDANT HEALTH INC (GH) - 0.44% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 0.43% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | BRIDGEBIO PHARMA INC (BBIO) - 0.38% | TESLA INC (TSLA) - 1.73% |
| #10 | MADRIGAL PHARMACEUTICALS INC (MDGL) - 0.38% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | COEUR MINING INC (CDE) - 0.37% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | ENSIGN GROUP INC (ENSG) - 0.35% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | STERLING INFRASTRUCTURE INC (STRL) - 0.35% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | SPX TECHNOLOGIES INC (SPXC) - 0.35% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | RAMBUS INC (RMBS) - 0.35% | WALMART INC (WMT) - 0.91% |
| #16 | ECHOSTAR CORP CLASS A (SATS) - 0.34% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | HECLA MINING CO (HL) - 0.34% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | DYCOM INDUSTRIES INC (DY) - 0.34% | VISA INC CLASS A (V) - 0.85% |
| #19 | OKLO INC CLASS A SHARES (OKLO) - 0.34% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | CHART INDUSTRIES INC (GTLS) - 0.31% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | FIRSTCASH HOLDINGS INC (FCFS) - 0.21% | INTEL CORP (INTC) - 0.65% |
| #22 | CASELLA WASTE SYSTEMS INC CLASS A (CWST) - 0.21% | NETFLIX INC (NFLX) - 0.64% |
| #23 | AXSOME THERAPEUTICS INC (AXSM) - 0.21% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | BOOT BARN HOLDINGS INC (BOOT) - 0.20% | CHEVRON CORP (CVX) - 0.58% |
| #25 | PIPER SANDLER COS (PIPR) - 0.20% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 1951 | 505 |
VTWO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
VTWO
+9.13%
SPY
+9.11%
3M
Winner
VTWO
+6.74%
SPY
+6.59%
6M
Winner
VTWO
+18.34%
SPY
+10.56%
1Y
Winner
VTWO
+43.07%
SPY
+32.04%
5Y(CAGR)
VTWO
+6.22%
Winner
SPY
+13.35%
10Y(CAGR)
VTWO
+11.40%
Winner
SPY
+15.49%
Max(CAGR)
Winner
VTWO
+11.42%
SPY
+8.50%
VTWO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VTWO | SPY |
|---|---|---|
| 2026 | +14.52% | +8.27% |
| 2025 | +12.81% | +18.00% |
| 2024 | +12.23% | +25.59% |
| 2023 | +17.77% | +26.72% |
| 2022 | -21.39% | -18.64% |
| 2021 | +16.50% | +30.52% |
| 2020 | +20.23% | +17.28% |
| 2019 | +24.88% | +31.09% |
| 2018 | -11.97% | -5.24% |
| 2017 | +13.93% | +20.78% |
| 2016 | +24.32% | +13.59% |
| 2015 | -3.94% | +1.31% |
| 2014 | +6.11% | +14.56% |
| 2013 | +34.82% | +29.00% |
| 2012 | +14.49% | +14.17% |
| 2011 | -5.96% | +0.85% |
| 2010 | +20.09% | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
VTWO vs SPY Drawdown Comparison
The maximum drawdown for VTWO was -41.18%, occurring on Mar 23, 2020. Recovery took 551 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current VTWO drawdown is -0.91%.
| Rank | VTWO | SPY |
|---|---|---|
| #1 | -41.18% Aug 31, 2018 - Nov 9, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -31.87% Nov 8, 2021 - Nov 6, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -29.01% Apr 29, 2011 - Sep 13, 2012 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -27.56% Nov 25, 2024 - Sep 11, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.71% Jun 23, 2015 - Nov 11, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -12.72% Jul 3, 2014 - Dec 22, 2014 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.99% Jan 22, 2026 - Apr 15, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -10.91% Sep 14, 2012 - Jan 2, 2013 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.62% Mar 15, 2021 - Nov 1, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.15% Jan 23, 2018 - May 11, 2018 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.00% Mar 4, 2014 - Jul 1, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.47% Oct 15, 2025 - Dec 4, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.39% Jan 22, 2014 - Feb 26, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.52% Feb 9, 2021 - Mar 11, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.29% Jul 25, 2017 - Sep 22, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between VTWO and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
VTWO vs SPY dividend yield comparison.
| Year | VTWO | SPY |
|---|---|---|
| 2026 | 0.23% | 0.24% |
| 2025 | 1.25% | 1.07% |
| 2024 | 1.21% | 1.21% |
| 2023 | 1.45% | 1.40% |
| 2022 | 1.48% | 1.65% |
| 2021 | 1.13% | 1.20% |
| 2020 | 0.92% | 1.52% |
| 2019 | 1.36% | 1.75% |
| 2018 | 1.41% | 2.04% |
| 2017 | 1.18% | 1.80% |
| 2016 | 1.27% | 2.03% |
| 2015 | 1.23% | 2.06% |
| 2014 | 1.12% | 1.87% |
| 2013 | 1.04% | 1.81% |
| 2012 | 1.56% | 2.18% |
| 2011 | 0.92% | 2.05% |
| 2010 | 0.37% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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