Overview
The Russell 2000 — America's benchmark small-cap index, nearly 2,000 companies — in Vanguard's cheapest-in-class wrapper at 0.06%.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| FYBR | Frontier Communications | 0.5% |
| INSM | Insmed Inc. | 0.5% |
| CRDO | Credo Technology | 0.4% |
| FLR | Fluor Corp. | 0.4% |
| HIMS | Hims & Hers Health | 0.4% |
| SFM | Sprouts Farmers Market | 0.4% |
| MLI | Mueller Industries | 0.3% |
| EQT | EQT Corp. | 0.3% |
| CVNA | Carvana Co. | 0.3% |
| THC | Tenet Healthcare | 0.3% |
Fund Details
Investment Thesis
Small caps spent years being left behind by the mega-cap rally, then delivered a +34% year when rate cuts and a broadening economy arrived — the catch-up trade in action. VTWO is the cheapest way to own the standard benchmark: same index as IWM at roughly a third of the fee, which compounds meaningfully for buy-and-hold investors. Small caps carry more debt and more cyclicality; that's the premium and the risk in one sentence.
Who It's For
Long-term investors adding the small-cap segment to a large-cap core at minimum cost, and mean-reversion allocators playing the historic large/small valuation gap. Traders needing options depth still use IWM; holders use VTWO.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $53.76 | -- |
| 2017 | $60.75 | +13.0% |
| 2018 | $53.46 | -12.0% |
| 2019 | $66.29 | +24.0% |
| 2020 | $78.89 | +19.0% |
| 2021 | $89.93 | +14.0% |
| 2022 | $71.05 | -21.0% |
| 2023 | $82.41 | +16.0% |
| 2024 | $90.65 | +10.0% |
| 2025 | $97.00 | +7.0% |
| Year | Yield |
|---|---|
| 2016 | 1.40% |
| 2017 | 1.20% |
| 2018 | 1.50% |
| 2019 | 1.40% |
| 2020 | 1.10% |
| 2021 | 1.00% |
| 2022 | 1.40% |
| 2023 | 1.40% |
| 2024 | 1.30% |
| 2025 | 1.20% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $1B | -- |
| 2017 | $1.5B | +50.0% |
| 2018 | $2B | +33.3% |
| 2019 | $3B | +50.0% |
| 2020 | $4B | +33.3% |
| 2021 | $6.5B | +62.5% |
| 2022 | $6B | -7.7% |
| 2023 | $8B | +33.3% |
| 2024 | $12B | +50.0% |
| 2025 | $16B | +33.3% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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