IVSSvsVTWOETF Comparison
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Applied Finance IVS US SMID ETF (IVSS) belongs to the US Multi-Factor segment. Vanguard Russell 2000 ETF (VTWO) is part of the US Small Cap segment. IVSS's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, VTWO's top sector exposures are Finance, Healthcare and Technology. IVSS is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.06% for VTWO. IVSS is up 20.71% year-to-date (YTD) with +$20M in YTD flows. VTWO performs worse with 14.69% YTD performance, and +$1.15B in YTD flows. Run a side-by-side ETF comparison of IVSS and VTWO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IVSS vs VTWO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IVSS VTWO | +5.63%+0.12% | -0.08%-4.07% | +20.71%+14.69% | n/a+13.26% | n/a+79.48% | n/a+34.41% |
| Flows | IVSS VTWO | +$2M+$216M | +$2M+$668M | +$20M+$1.15B | -+$1.58B | -+$5.44B | -+$6.87B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IVSS VTWO | +11.76%+14.11% | n/a+18.15% | n/a+20.99% | n/a+22.38% |
| Max drawdown | IVSS VTWO | -8.58%-11.09% | n/a-11.09% | n/a-27.51% | n/a-31.93% |
| Max drawdown duration | IVSS VTWO | 83d72d | n/a72d | n/a289d | n/a1093d |
Trading data
IVSS | VTWO | |
Last sale 10/28/2026 at 1:30 PM | $30.28 | $113.62 |
| Previous close 10/27/2026 | $30.40 | $113.15 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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IVSS
is actively managed and doesn’t replicate an indexIVSS | VTWO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
IVSS | VTWO | |
|---|---|---|
| Last price | $30.28 | $113.62 |
| 1D performance | -0.38% | +0.42% |
| AuM | $29.65 M | $16.83 B |
| E/R | 0.59% | 0.06% |
Characteristics
IVSS | VTWO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Applied Finance | Vanguard |
| Benchmark | - | Russell 2000 Index |
| N° of holdings | 357 | 1961 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2025 | September 20, 2010 |
| ESG | No | No |
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Exposure
Countries
IVSS
USA
90.68%
Other
9.32%
VTWO
USA
92.84%
Other
7.16%
Sectors
IVSS
Finance
19.49%
Technology
17.02%
Healthcare
13.02%
Industrials
9.48%
Energy
8.83%
Other
32.15%
VTWO
Finance
25.58%
Healthcare
20.3%
Technology
11.54%
Industrials
10.13%
Other
32.45%
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Diversification
IVSS
Total weight of top 15 holdings out of 15
20.58%
VTWO
Total weight of top 15 holdings out of 15
4.48%
Top 15 holdings
Data as of August 31, 2026
IVSS
Dave, Inc.
1.78%
InterDigital, Inc.
1.75%
PJT Partners, Inc.
1.67%
HealthEquity, Inc.
1.59%
Sterling Infrastructure, Inc.
1.59%
Sezzle, Inc.
1.46%
BrightSpring Health Services, Inc.
1.36%
Mercury General Corp.
1.24%
ACI Worldwide, Inc.
1.24%
Otter Tail Corp.
1.22%
Amneal Pharmaceuticals, Inc.
1.18%
Coeur Mining, Inc.
1.13%
Lantheus Holdings, Inc.
1.13%
Southwest Gas Holdings, Inc.
1.12%
Qualys, Inc.
1.12%
VTWO
JFrog Ltd.
0.34%
Moog, Inc.
0.33%
UMB Financial Corp.
0.33%
Glaukos Corp.
0.32%
Brinker International, Inc.
0.31%
BrightSpring Health Services, Inc.
0.30%
Krystal Biotech, Inc.
0.29%
Cytokinetics, Inc.
0.29%
Protagonist Therapeutics, Inc.
0.28%
Twist Bioscience Corp.
0.28%
SM Energy Co.
0.28%
Old National Bancorp
0.28%
CareTrust REIT, Inc.
0.28%
FirstCash Holdings, Inc.
0.28%
Jackson Financial, Inc.
0.28%
Frequently asked questions about IVSS and VTWO
How have the IVSS and VTWO ETFs performed in 2026?
As of October 26, 2026, IVSS is up 20.71% year-to-date (YTD), while VTWO has returned 14.69%. That puts IVSS better performer ahead so far this year.
Which ETF is attracting more investor money: IVSS or VTWO?
Year-to-date, the IVSS ETF saw +$20M in flows, compared to +$1.15B for VTWO.
Which ETF is bigger: IVSS or VTWO?
As of October 26, 2026, IVSS holds $29.65 M in assets under management (AUM), while VTWO manages $16.83 B.
What sectors do the IVSS and VTWO ETFs invest in?
IVSS leans toward sectors like Finance, Technology and Healthcare. Meanwhile, VTWO focuses on Finance, Healthcare and Technology.
What are the top holdings of the IVSS ETF and VTWO ETF?
IVSS top holdings include Dave, Inc., InterDigital, Inc. and PJT Partners, Inc.. VTWO holds in its top three: JFrog Ltd., Moog, Inc. and UMB Financial Corp..
Which ETF is more diversified: IVSS or VTWO?
IVSS holds 357 securities with 20.58% of its assets in the top 15. VTWO has 1986 securities and a top 15 weight of 4.48%.
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Latest news about IVSS & VTWO
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