EES vs VTWO: Grades, Fees and Holdings Compared

WisdomTree U.S. SmallCap Fund

EESCNYSE Arca

Vanguard Russell 2000 ETF

VTWOANasdaq

Overlap

32.5%by weight

Expense ratio

VTWO −0.32pt a year

EES0.38%VTWO0.06%

Avg volume · 30D

VTWO 103.8×the volume

EES14.5KVTWO1.5M

10Y return · a year

EES +0.2pt

EES+10.4%VTWO+10.2%

EES vs VTWO Performance

Nov 9, 2021 – Nov 9, 2026

+33.2%EES+25.6%VTWO

Expense ratio: EES 0.38%; VTWO 0.06%, better
Fund size: EES $674M; VTWO $16.6B
1Y total return: EES +22.9%, better; VTWO +18.3%
Yield (12M): EES 1.16%; VTWO 1.19%, better
Holdings: EES 863; VTWO 2002
Avg volume (30D): EES 14.5K sh; VTWO 1.5M sh, better
NAV per share: EES $64.85; VTWO $110.58
52W range

ETF.net Grade

Pillar letters and Scores for EES, VTWO, with each pillar’s weight
Pillar	EES	VTWO
Cost30% weight	F19	A75Higher
Mission25% weight	B67	A100Higher
Risk15% weight	B62Higher	D38
Tradability15% weight	D30	B57Higher
Holdings10% weight	D36	B69Higher
Durability5% weight	C44	A81Higher

Rank among US Small-Cap funds

How we build Categories ›

Same Category. EES and VTWO are both graded against the same 16 US Small-Cap funds, so their Grades compare head to head.

US Small-Cap⁠

Category · 16 funds

See all 16 ›

VTWO ranks 3rd and EES 13th of 16 funds in the US Small-Cap Category.

Rank 1ASCHASchwab U.S. Small-Cap ETFScore 81
Rank 2AVBVanguard Morningstar Small-Cap ETFScore 76
Rank 3AVTWOVanguard Russell 2000 ETFScore 72
Rank 4ABKSEBNY Mellon US Small Cap Core Equity ETFScore 71
Rank 12CFDMFirst Trust Dow Jones Select MicroCap Index FundScore 43
Rank 13CEESWisdomTree U.S. SmallCap FundScore 41
Rank 13CIWCiShares Micro-Cap ETFScore 41

Our read on each fund

ETF.net Research

EESCWisdomTree U.S. SmallCap Fund

VTWOAVanguard Russell 2000 ETF

In short

EES EES buys only U.S. small caps that actually earn money, then weights them by the size of those profits instead of market value. A 2007-vintage answer to the unprofitable tail that cap-weighted small-cap funds carry.

VTWO The Russell 2000 is the small-cap benchmark every headline quotes. VTWO is Vanguard's cheap seat on it: about 2,000 small US companies for 0.06% a year, a fraction of the fee on the best-known fund tracking the same index.

Stated mandate

EES The fund seeks to track the investment results of earnings-generating small-cap companies in the U.S. equity market.

VTWO The fund invests in stocks in the Russell 2000 Index and seeks to closely track that index's return, representing small-cap U.S. stock exposure.

Why people hold it

EES The index screens for earnings-generating companies and weights by profits, so a stock's spot is tied to what it earns, not to what the market is willing to pay for it.wisdomtree.com
Roughly 900 stocks in the basket. That is a wide net for a screened fund, so no single small cap carries the portfolio.
Running since 2007, it has tracked its earnings-weighted index through the financial crisis and every small-cap cycle since. Long history, one consistent rulebook.
Follows its index closely, and pays out on a quarterly schedule.

VTWO Same index, smaller toll. VTWO charges 0.06% while IWM, the other big Russell 2000 tracker, charges 0.19%. The small-cap category median is 0.25%.vanguard.com
Holds roughly 2,000 stocks, the whole small-cap benchmark rather than a trimmed slice. A multi-billion-dollar fund, actively traded, running since 2010 and paying quarterly.
Tracking has been about as tight as this corner of the market gets, one of the closest index-replication records among US small-cap funds.

Worth knowing

EES At 0.38% a year, it costs more than the small-cap category's typical fund, and well more than plain cap-weighted options like VB (0.03%) and SCHA (0.03%).
Thinly traded next to the category's giants, so bid-ask spreads can run wider, especially in fast markets.
The profit screen leaves out unprofitable small caps by design, so returns will diverge from a standard small-cap index in both directions.

VTWO Small-cap stocks swing harder than large caps, and this fund stays fully invested in them through the rough stretches.vanguard.com
Cheaper exists on the shelf: VB and SCHA run 0.03%, though they follow different small-cap indexes with different membership rules.
The Russell 2000 rebuilds its membership on a published schedule (June, plus a December rebalance from 2026), which packs index-driven trading into those dates.lseg.com

Full EES profile⁠

Full VTWO profile⁠

EES vs VTWO Holdings

How EES and VTWO differ

Overlap by weight

32.5%

Shared holdings make up 84.1% of EES and 33.4% of VTWO.

Level by level

Holdings761 in both32.5%
Sector11 Sectors85.0%
Countryby domicile99.0%
Asset classStocks100%

Sector

Sector weights in EES and VTWO, widest gap first
Sector	Gap	EES	VTWO
Health Care	VTWO +10.3 points	10.6%	20.9%
Financials	EES +4.5 points	22.5%	18.0%
Consumer Discretionary	EES +3.8 points	12.4%	8.6%
Real Estate	VTWO +2.5 points	3.9%	6.4%
Consumer Staples	EES +2.1 points	4.7%	2.6%
Energy	EES +1.7 points	8.1%	6.4%
Communication	EES +1.6 points	3.9%	2.3%
Technology	EES +1.3 points	15.8%	14.5%
Utilities	VTWO +1.2 points	1.5%	2.7%
Industrials	VTWO +0.9 points	12.4%	13.3%
Materials	VTWO +0.1 points	4.2%	4.3%

Country, concentration and asset class

Country by domicile

Country weights in EES and VTWO, widest gap first
Country	More in EESMore in VTWO	Gap	EES	VTWO
United States		VTWO +1.0 points	99.0%	100.0%
Other countries (6)		EES +1.0 points	1.0%	0.0%

Concentration

Weight in the 10 largest Holdings

EES8.1%
VTWO5.4%

Securities held

EES861
VTWO2,000

Asset class

EES: Stocks
VTWO: Stocks

Holdings

Only in EES100
In both761
Only in VTWO1,239

Only in EES

100 securities, 15.7% of EES by weight

Venture Global Inc-Cl A1.36%
Ringcentral Inc-Class A0.99%
Organon & Co0.91%
Virtu Financial Inc-Class A0.65%
Computer Sciences Corp0.59%
Victoria's Secret & Co0.58%
Levi Strauss & Co- Class A0.57%
j2 Global Inc0.43%
Western Union Co/The0.42%
Euronet Worldwide Inc0.39%
Iridium Communications Inc0.37%
Viad Corp0.37%
Adtalem Global Education Inc0.34%
Cyberonics Inc0.32%
Columbia Sportswear Co0.30%
NRG Yield Inc-Class C0.29%
Scotts Miracle-Gro Co/The0.27%
Unitrin Inc0.26%
First Hawaiian Inc0.26%
Yeti Holdings Inc0.24%
Envista Holdings Corp0.24%
Vectrus Inc0.24%
Brightsphere Investment Grp0.23%
Arkansas Best Corp0.23%
SeaWorld Entertainment Inc0.22%
Nicolet Bankshares Inc0.22%
Rayonier Inc0.20%
Openlane Inc0.19%
Brush Engineered Materials Inc0.19%
Corporate Office Properties Tr0.18%
Mobileye Global Inc-A0.18%
Drew Industries Inc0.16%
Vicor Corp0.16%
Schneider National Inc0.15%
Freshpet Inc0.15%
Ezcorp Inc0.14%
Zoominfo Technologies Inc-A0.13%
Ceco Environmental Corp0.12%
Vasco Data Security International Inc0.12%
Fresh Del Monte Produce Inc0.11%
Tootsie Roll Industries Inc0.11%
GoodRx Holdings Inc-Class A0.09%
Covenant Transportation Group - Cl A0.09%
Hagerty Inc-A0.09%
Oppenheimer Holdings Inc0.09%
Gannett Co Inc0.09%
Composecure Inc-A0.09%
Olin Corp0.08%
Lendingclub Corp0.07%
Abacus Global Management Inc0.07%

Only in VTWO

1,239 securities, 66.4% of VTWO by weight

SLBBH11422.35%
Twist Bioscience Corp0.42%
Moog Inc0.36%
JFrog Ltd0.35%
10X Genomics Inc0.35%
UMB Financial Corp0.32%
BrightSpring Health Services Inc0.31%
Glaukos Corp0.31%
Viasat Inc0.30%
Cytokinetics Inc0.29%
Hut 8 Corp0.29%
CareTrust REIT Inc0.29%
Krystal Biotech Inc0.29%
Protagonist Therapeutics Inc0.28%
Old National Bancorp/IN0.28%
FirstCash Holdings Inc0.28%
Jackson Financial Inc0.28%
InterDigital Inc0.28%
Brinker International Inc0.28%
SM Energy Co0.27%
TG Therapeutics Inc0.27%
Ryman Hospitality Properties Inc0.27%
PBF Energy Inc0.25%
Vaxcyte Inc0.25%
Oscar Health Inc0.24%
HealthEquity Inc0.24%
Silicon Laboratories Inc0.24%
Praxis Precision Medicines Inc0.24%
Arcosa Inc0.24%
Riot Platforms Inc0.24%
Zeta Global Holdings Corp0.24%
Plexus Corp0.23%
StoneX Group Inc0.23%
Zurn Elkay Water Solutions Corp0.23%
ESCO Technologies Inc0.23%
SSR Mining Inc0.23%
Commercial Metals Co0.23%
Kymera Therapeutics Inc0.23%
Terreno Realty Corp0.23%
Spyre Therapeutics Inc0.22%
Alkermes PLC0.22%
Federal Signal Corp0.22%
EnerSys0.22%
Qualys Inc0.22%
Fluor Corp0.22%
Enpro Inc0.22%
Lantheus Holdings Inc0.21%
Macerich Co/The0.21%
Compass Inc0.21%
TXNM Energy Inc0.21%

Weight gaps

The 100 widest of 761 Holdings in both funds.

Holding weights in EES and VTWO, widest gap first
Holding	Gap	EES	VTWO
Harley-Davidson IncHOG	EES +0.63 points	0.71%	0.08%
Matson IncMATX	EES +0.62 points	0.84%	0.22%
Bread Financial HoldingsIncBFH	EES +0.58 points	0.70%	0.12%
Crescent Energy Inc-ACRGY	EES +0.55 points	0.67%	0.12%
BGC Group Inc-ABGC	EES +0.50 points	0.64%	0.14%
Academy Sports & Outdoors IncASO	EES +0.46 points	0.56%	0.10%
Ardent Health IncARDT	EES +0.43 points	0.44%	<0.01%
Hamilton Insurance Grou-Cl BHG	EES +0.42 points	0.47%	0.05%
Perrigo CoPRGO	EES +0.41 points	0.48%	0.07%
Northern Oil And Gas IncNOG	EES +0.40 points	0.48%	0.08%
Concentrix CorpCNXC	EES +0.39 points	0.43%	0.04%
Novavax IncNVAX	EES +0.37 points	0.42%	0.05%
Sarepta Therapeutics IncSRPT	EES +0.37 points	0.43%	0.06%
Nelnet IncNNI	EES +0.35 points	0.41%	0.06%
Stagwell IncSTGW	EES +0.33 points	0.36%	0.03%
Par Pacific Holdings IncPARR	EES +0.34 points	0.47%	0.13%
Cabot CorpCBT	EES +0.33 points	0.46%	0.13%
First Bancorp/Puerto RicoFBP	EES +0.31 points	0.41%	0.10%
Anterix IncATEX	EES +0.31 points	0.34%	0.03%
Energizer Holdings IncENR	EES +0.31 points	0.35%	0.04%
Stride IncLRN	EES +0.30 points	0.41%	0.11%
Pitney Bowes IncPBI	EES +0.31 points	0.38%	0.07%
Clarivate PlcCLVT	EES +0.30 points	0.32%	0.02%
Five9 IncFIVN	EES +0.30 points	0.39%	0.09%
Clear Secure Inc -Class AYOU	EES +0.30 points	0.43%	0.13%
Upbound Group IncUPBD	EES +0.29 points	0.32%	0.03%
Garrett Motion IncGTX	EES +0.29 points	0.45%	0.16%
Cheesecake Factory Inc/TheCAKE	EES +0.29 points	0.45%	0.16%
Integer Holdings CorpITGR	EES +0.29 points	0.43%	0.14%
NMI Holdings IncNMIH	EES +0.28 points	0.37%	0.09%
Green Brick Partners IncGRBK	EES +0.28 points	0.35%	0.07%
Fulton Financial CorpFULT	EES +0.27 points	0.42%	0.15%
Avient CorpAVNT	EES +0.28 points	0.40%	0.12%
Enova International IncENVA	EES +0.27 points	0.40%	0.13%
Griffon CorpGFF	EES +0.26 points	0.38%	0.12%
WSFS Financial CorpWSFS	EES +0.25 points	0.38%	0.13%
Caredx IncCDNA	EES +0.25 points	0.36%	0.11%
Cathay General BancorpCATY	EES +0.24 points	0.37%	0.13%
Inter Parfums IncIPAR	EES +0.24 points	0.31%	0.07%
Concentra Group Holdings ParCON	EES +0.24 points	0.37%	0.13%
International Seaways IncINSW	EES +0.24 points	0.39%	0.15%
Herbalife LtdHLF	EES +0.24 points	0.28%	0.04%
Uniti Group IncUNIT	EES +0.23 points	0.28%	0.05%
Merchants Bancorp/InMBIN	EES +0.23 points	0.27%	0.04%
Trinet Group IncTNET	EES +0.23 points	0.29%	0.06%
John Wiley & Sons IncWLY	EES +0.23 points	0.29%	0.06%
NCR Atleos CorpNATL	EES +0.22 points	0.33%	0.11%
Rush Enterprises IncRUSHA	EES +0.22 points	0.36%	0.14%
Siriuspoint LtdSPNT	EES +0.23 points	0.31%	0.08%
Ibotta Inc-Cl AIBTA	EES +0.22 points	0.23%	0.01%
Sonic Automotive IncSAH	EES +0.22 points	0.24%	0.02%
Sally Beauty Holdings IncSBH	EES +0.21 points	0.26%	0.05%
Pacira Pharmaceuticals Inc/DEPCRX	EES +0.20 points	0.23%	0.03%
Central Garden and Pet CoCENTA	EES +0.20 points	0.26%	0.06%
Korn FerryKFY	EES +0.20 points	0.32%	0.12%
National Beverage CorpFIZZ	EES +0.20 points	0.22%	0.02%
Provident Financial Services IncPFS	EES +0.20 points	0.29%	0.09%
Nabors Industries LtdNBR	EES +0.19 points	0.23%	0.04%
Newmark Group Inc-Class ANMRK	EES +0.19 points	0.25%	0.06%
Deluxe CorpDLX	EES +0.20 points	0.23%	0.03%
First Financial BancorpFFBC	EES +0.19 points	0.30%	0.11%
G-III Apparel Group LtdGIII	EES +0.19 points	0.22%	0.03%
Tenable Holdings IncTENB	EES +0.19 points	0.32%	0.13%
Mednax IncMD	EES +0.19 points	0.26%	0.07%
EVERTEC IncEVTC	EES +0.18 points	0.24%	0.06%
Phinia IncPHIN	EES +0.18 points	0.25%	0.07%
WesBanco IncWSBC	EES +0.18 points	0.30%	0.12%
Horace Mann Educators CorpHMN	EES +0.18 points	0.24%	0.06%
Crane NXT CoCXT	EES +0.17 points	0.25%	0.08%
Otter Tail CorpOTTR	EES +0.18 points	0.29%	0.11%
Visteon Corp/NewVC	EES +0.17 points	0.25%	0.08%
Teradata CorpTDC	EES +0.17 points	0.26%	0.09%
Gigacloud Technology Inc - AGCT	EES +0.17 points	0.22%	0.05%
Wendy's/Arby's Group IncWEN	EES +0.17 points	0.20%	0.03%
Cinemark Holdings IncCNK	EES +0.17 points	0.30%	0.13%
Spectrum Brands Holdings IncSPB	EES +0.17 points	0.23%	0.06%
Amphastar Pharmaceuticals IncAMPH	EES +0.17 points	0.20%	0.03%
Consensus Cloud Solution-W/ICCSI	EES +0.17 points	0.19%	0.02%
Greenbrier Cos IncGBX	EES +0.17 points	0.21%	0.04%
MaxLinear IncMXL	VTWO +0.16 points	0.10%	0.26%
Integra LifeSciences HoldingsIART	EES +0.16 points	0.20%	0.04%
Terex CorpTEX	EES +0.16 points	0.36%	0.20%
Magnite IncMGNI	EES +0.16 points	0.28%	0.12%
First Merchants CorpFRME	EES +0.16 points	0.24%	0.08%
Century Communities IncCCS	EES +0.16 points	0.21%	0.05%
Sezzle IncSEZL	EES +0.16 points	0.22%	0.06%
Oriental Financial Group IncOFG	EES +0.16 points	0.23%	0.07%
Blackbaud IncBLKB	EES +0.15 points	0.20%	0.05%
CBL & Associates PropertiesCBL	EES +0.16 points	0.19%	0.03%
Driven Brands Holdings IncDRVN	EES +0.16 points	0.18%	0.02%
Trustmark CorpTRMK	EES +0.15 points	0.23%	0.08%
Cargurus IncCARG	EES +0.15 points	0.23%	0.08%
First Interstate BancSystem IncFIBK	EES +0.15 points	0.26%	0.11%
Nutex Health IncNUTX	EES +0.15 points	0.18%	0.03%
Riley Exploration Permian InREPX	EES +0.15 points	0.17%	0.02%
Forestar Group IncFOR	EES +0.14 points	0.16%	0.02%
Penguin Solutions IncPENG	EES +0.14 points	0.23%	0.09%
Ingevity CorpNGVT	EES +0.14 points	0.22%	0.08%
BankUnited IncBKU	EES +0.14 points	0.24%	0.10%
Dorian Lpg LtdLPG	EES +0.14 points	0.21%	0.07%

All 917 EES holdings⁠All 2,000 VTWO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EES vs VTWO Cost

Overpaying EES vs VTWO

$6,436

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EES 0.38%
$7,706
VTWO 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

EES 0.38%
VTWO 0.06%
Overpaying

Year by year

Year	EES	VTWO	Overpaying
10	$688	$110	$578
20	$2,658	$432	$2,226
30	$7,706	$1,270	$6,436

Expense ratio

0.38%EES
0.06%VTWO, cheaper

VTWO0.06%EES0.38%

0.03%0.60%

Middle half of US Small-Cap funds
Median 0.20%

VTWO 4th cheapest of 16 funds

EES 13th cheapest of 16 funds

EES vs VTWO Dividends

Last 12 months to Nov 9, 2026

Yield (12M): EES 1.16%; VTWO 1.19%, better
Payout (12M): EES $0.77; VTWO $1.36
Last payment: EES $0.21; VTWO $0.39
Ex-dividend: EES Sep 25, 2026; VTWO Sep 23, 2026
Paid on: EES Sep 29, 2026; VTWO Sep 25, 2026
Frequency: EES Quarterly; VTWO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EESQuarterly · 40 paymentsAll EES payments⁠

VTWOQuarterly · 39 paymentsAll VTWO payments⁠

EES vs VTWO Risk

Fall from peak · 5 years

EES
VTWO

Risk facts

VolatilityStd dev, 3 years: EES 19.0%VTWO 19.0%
Return per unit of riskSharpe ratio, 3 years: EES 0.78VTWO 0.86, better
Worst fallMax drawdown, 5 years: EES −27.4%, betterVTWO −31.5%
Market sensitivityBeta, 5 years: EES 1.04VTWO 1.15; Market = 1

EES and VTWO in the news

All news⁠

Best ETFs
Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%
Updated Nov 2, 2026VTWO
Head-to-Head
Hold VB over IWM for a small-cap stake
Oct 30, 2026VTWO
New ETFs
Longnook's compounders ETF leads with tankers, Newmont and Exxon Mobil
Oct 5, 2026VTWO
Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Updated Oct 2, 2026VTWO

Popular comparisons

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EES vs VTWO

In short

Stated mandate

Why people hold it