AFLG vs VONV: Grades, Fees and Holdings Compared

First Trust Active Factor Large Cap ETF

AFLGCNYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

33.6%by weight

Expense ratio

VONV −0.49pt a year

AFLG0.55%VONV0.06%

Avg volume · 30D

VONV 7.1×the volume

AFLG110KVONV774K

5Y return · a year

AFLG+11.7%VONV+11.7%

AFLG vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+73.8%AFLG+73.8%VONV

Expense ratio: AFLG 0.55%; VONV 0.06%, better
Fund size: AFLG $920M; VONV $23.3B
1Y total return: AFLG +14.1%; VONV +28.5%, better
Yield (12M): AFLG 0.71%; VONV 1.53%, better
Holdings: AFLG 216; VONV 873
Avg volume (30D): AFLG 110K sh; VONV 774K sh, better
NAV per share: AFLG $44.25; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for AFLG, VONV, with each pillar’s weight
Pillar	AFLG	VONV
Cost30% weight	F22	A96Higher
Mission25% weight	A79	A100Higher
Risk15% weight	B65	A86Higher
Tradability15% weight	B64Higher	B60
Holdings10% weight	C41	C49Higher
Durability5% weight	B60	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. AFLG and VONV are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

VONV ranks 1st and AFLG 56th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 53BSEUSSEI QiM U.S. Equity Factor Allocation Active ETFScore 53
Rank 56CAFLGFirst Trust Active Factor Large Cap ETFScore 52
Rank 56CAUSFGlobal X Adaptive U.S. Factor ETFScore 52

Our read on each fund

ETF.net Research

AFLGCFirst Trust Active Factor Large Cap ETF

VONVAVanguard Russell 1000 Value ETF

In short

AFLG Four factors (value, quality, momentum, low volatility) blended into one US large-cap portfolio, run by an active manager tuning risk against the S&P 500 instead of following a frozen index recipe. Roughly 250 names.

VONV The plain-vanilla value trade, done cheap: about 900 large US value stocks, full replication of the Russell 1000 Value Index, 0.06% a year. No factor cocktail, no premium price tag, and one of the strongest implementations in its factor peer group.

Stated mandate

AFLG The fund seeks capital appreciation. It normally invests at least 80% of assets in U.S.-listed equity securities of large-capitalization companies and uses active risk management with a quantitative multi-factor approach.

VONV The fund seeks to track the Russell 1000 Value Index, representing large-capitalization value stocks in the United States. It uses passive indexing and full replication to remain closely aligned with that benchmark.

Why people hold it

AFLG Four factor bets in one ticket: value, quality, momentum and low volatility, combined in a single large-cap sleeve rather than four separate funds you have to weight yourself.ftportfolios.com
Actively managed with a quantitative process, so factor tilts and risk can be adjusted between reconstitution dates instead of waiting on an index calendar. The S&P 500 is the yardstick.ftportfolios.com
Roughly 250 US large caps, at least 80% of assets in that mandate, and quarterly distributions. The portfolio has stuck closely to the multi-factor large-cap job it advertises.

VONV 0.06% a year, a fraction of the typical fee among factor ETFs. On a rules-based value index there is little room for cleverness, so cost does most of the work.vanguard.com
Full replication, not sampling: it owns the index's roughly 900 names and has stayed tightly aligned with the Russell 1000 Value benchmark since launching in 2010.
Same Russell benchmark as pricier rivals for less: the Goldman MarketBeta version (GVUS) charges 0.12% to track the identical value index.
A multi-billion-dollar fund that trades actively, among the easiest in its group to get in and out of, and it distributes quarterly.

Worth knowing

AFLG At 0.55% a year it costs more than the typical multi-factor large-cap fund, and multiples of index-built peers like FNDX (0.25%) or VONV (0.06%).
Active means the factor mix is the manager's call, not a published rulebook you can audit line by line before you buy.
Moderately traded rather than a category heavyweight, so limit orders are the friendlier way in and out.

VONV One screen, one style. Value only, with no quality or momentum overlay, so the ride follows the value side of the market wherever it goes.vanguard.com
This is the entire value bucket, not a best-ideas portfolio. About 900 holdings means results hug the large-cap value category rather than stray from it.
Cheaper exists nearby: Vanguard's VYM charges 0.04%, but it screens for dividend yield, a different portfolio than a Russell value index.

Full AFLG profile⁠

Full VONV profile⁠

AFLG vs VONV Holdings

How AFLG and VONV differ

Overlap by weight

33.6%

Shared holdings make up 72.7% of AFLG and 44.5% of VONV.

Level by level

Holdings171 in both33.6%
Sector11 Sectors75.1%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in AFLG and VONV, widest gap first
Sector	More in AFLGMore in VONV	AFLG	VONV
Technology	AFLG +18.7 points	40.6%	21.9%
Financials	VONV +8.3 points	9.6%	17.9%
Communication	AFLG +5.9 points	9.3%	3.4%
Health Care	VONV +5.9 points	7.5%	13.4%
Consumer Staples	VONV +4.6 points	2.6%	7.2%
Consumer Discretionary	VONV +2.5 points	7.9%	10.4%
Industrials	VONV +2.0 points	7.5%	9.5%
Real Estate	VONV +1.4 points	2.1%	3.5%
Materials	AFLG +0.3 points	3.6%	3.3%
Energy	VONV +0.2 points	6.0%	6.2%
Utilities	VONV +0.2 points	3.2%	3.4%

Country, concentration and asset class

Country by domicile

Country weights in AFLG and VONV, widest gap first
Country	More in AFLGMore in VONV	AFLG	VONV
United States	VONV +1.0 points	99.0%	100.0%
Switzerland	AFLG +0.6 points	0.6%	0.0%
China	AFLG +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

AFLG32.2%
VONV29.8%

Securities held

AFLG215
VONV871

Asset class

AFLG: Equity
VONV: Equity

Holdings

Only in AFLG44
In both171
Only in VONV700

Only in AFLG

44 securities, 27.3% of AFLG by weight

NVIDIA Corporation7.35%
Alphabet Inc. (Class A)4.73%
Broadcom Inc.2.26%
Visa Inc. (Class A)1.16%
Mastercard Incorporated0.85%
Micron Technology, Inc.0.78%
Lam Research Corporation0.77%
Seagate Technology Holdings Plc0.65%
Applied Materials, Inc.0.65%
Expedia Group, Inc.0.50%
TE Connectivity Plc0.45%
KLA Corporation0.39%
Caterpillar Inc.0.39%
Texas Instruments Incorporated0.38%
Advanced Micro Devices, Inc.0.36%
Fortinet, Inc.0.35%
Comfort Systems USA, Inc.0.35%
Cintas Corporation0.34%
Gartner, Inc.0.33%
Tesla, Inc.0.30%
Sandisk Corporation0.30%
Eli Lilly and Company0.26%
EMCOR Group, Inc.0.24%
Tapestry, Inc.0.23%
Natera, Inc.0.23%
Jabil Inc.0.22%
NRG Energy, Inc.0.22%
Datadog, Inc. (Class A)0.21%
Amphenol Corporation0.21%
Versigent Plc0.20%
Rollins, Inc.0.19%
Semtech Corporation0.17%
Vistra Corp.0.16%
Western Digital Corporation0.15%
Las Vegas Sands Corp.0.14%
Teradyne, Inc.0.13%
GoDaddy Inc. (Class A)0.11%
Vylor Inc.0.11%
Ciena Corporation0.11%
Warner Music Group Corp. (Class A)0.10%
Medpace Holdings, Inc.0.10%
Arista Networks, Inc.0.08%
Lattice Semiconductor Corporation0.07%
Booking Holdings Inc.0.05%

Only in VONV

700 securities, 55.3% of VONV by weight

Berkshire Hathaway Inc2.55%
JPMorgan Chase & Co2.43%
Intel Corp1.51%
Walmart Inc1.15%
Procter & Gamble Co/The0.93%
Bank of America Corp0.91%
Philip Morris International Inc0.82%
Coca-Cola Co/The0.81%
Thermo Fisher Scientific Inc0.69%
RTX Corp0.69%
Goldman Sachs Group Inc/The0.67%
Wells Fargo & Co0.67%
Costco Wholesale Corp0.63%
Linde PLC0.60%
Morgan Stanley0.58%
Walt Disney Co/The0.50%
Citigroup Inc0.50%
Abbott Laboratories0.47%
Welltower Inc0.46%
Deere & Co0.46%
McDonald's Corp0.45%
AT&T Inc0.45%
Blackrock Inc0.44%
NextEra Energy Inc0.43%
ConocoPhillips0.42%
PepsiCo Inc0.42%
Union Pacific Corp0.41%
Eaton Corp PLC0.39%
Danaher Corp0.39%
Vertex Pharmaceuticals Inc0.37%
Prologis Inc0.34%
Progressive Corp/The0.33%
Parker-Hannifin Corp0.33%
S&P Global Inc0.32%
Capital One Financial Corp0.32%
American Express Co0.31%
Medtronic PLC0.30%
CVS Health Corp0.30%
Lowe's Cos Inc0.28%
Freeport-McMoRan Inc0.28%
Equinix Inc0.27%
Southern Co/The0.26%
Stryker Corp0.26%
CME Group Inc0.26%
US Bancorp0.25%
PNC Financial Services Group Inc/The0.25%
Duke Energy Corp0.24%
Emerson Electric Co0.24%
CSX Corp0.24%
Intercontinental Exchange Inc0.23%

Weight gaps

The 100 widest of 171 Holdings in both funds.

Holding weights in AFLG and VONV, widest gap first
Holding	More in AFLGMore in VONV	AFLG	VONV
Amazon.com, Inc.AMZN	VONV +3.83 points	2.26%	6.09%
Johnson & JohnsonJNJ	VONV +1.12 points	0.63%	1.75%
HF Sinclair Corp.DINO	AFLG +1.00 points	1.05%	0.04%
Microsoft CorporationMSFT	VONV +0.94 points	4.30%	5.24%
Consolidated Edison, Inc.ED	AFLG +0.94 points	1.04%	0.10%
The Allstate CorporationALL	AFLG +0.93 points	1.09%	0.16%
Apple Inc.AAPL	AFLG +0.86 points	6.93%	6.07%
FirstEnergy Corp.FE	AFLG +0.84 points	0.91%	0.07%
NetApp, Inc.NTAP	AFLG +0.80 points	0.87%	0.07%
Reliance Inc.RS	AFLG +0.77 points	0.82%	0.05%
Match Group Inc.MTCH	AFLG +0.75 points	0.78%	0.03%
ExxonMobil Holdings Corp.XOM	VONV +0.73 points	1.11%	1.84%
AbbVie Inc.ABBV	VONV +0.73 points	0.44%	1.17%
EOG Resources, Inc.EOG	AFLG +0.74 points	0.94%	0.20%
Altria Group, Inc.MO	AFLG +0.71 points	1.02%	0.31%
Valero Energy CorporationVLO	AFLG +0.70 points	0.97%	0.27%
CF Industries Holdings, Inc.CF	AFLG +0.68 points	0.73%	0.05%
The Travelers Companies, Inc.TRV	AFLG +0.65 points	0.85%	0.20%
W.W. Grainger, Inc.GWW	AFLG +0.57 points	0.59%	0.02%
APA CorporationAPA	AFLG +0.57 points	0.61%	0.04%
Cboe Global Markets, Inc.CBOE	AFLG +0.56 points	0.64%	0.08%
Merck & Co., Inc.MRK	VONV +0.56 points	0.43%	0.99%
Newmont CorporationNEM	AFLG +0.55 points	0.88%	0.33%
HCA Healthcare, Inc.HCA	AFLG +0.53 points	0.70%	0.17%
TD SYNNEX CorporationSNX	AFLG +0.53 points	0.58%	0.05%
T. Rowe Price Group, Inc.TROW	AFLG +0.52 points	0.58%	0.06%
Universal Health Services, Inc. (Class B)UHS	AFLG +0.51 points	0.53%	0.02%
Lamar Advertising CompanyLAMR	AFLG +0.50 points	0.53%	0.03%
Ross Stores, Inc.ROST	AFLG +0.50 points	0.53%	0.03%
Loews CorporationL	AFLG +0.49 points	0.54%	0.05%
Chevron CorporationCVX	VONV +0.48 points	0.56%	1.04%
The Kroger Co.KR	AFLG +0.47 points	0.56%	0.09%
Host Hotels & Resorts, Inc.HST	AFLG +0.46 points	0.50%	0.04%
Expeditors International of Washington, Inc.EXPD	AFLG +0.44 points	0.51%	0.07%
Colgate-Palmolive CompanyCL	AFLG +0.42 points	0.53%	0.11%
Incyte CorporationINCY	AFLG +0.42 points	0.48%	0.06%
Cognizant Technology Solutions CorporationCTSH	AFLG +0.42 points	0.49%	0.07%
Best Buy Co., Inc.BBY	AFLG +0.40 points	0.45%	0.05%
International Business Machines CorporationIBM	VONV +0.39 points	0.18%	0.57%
Ralph Lauren CorporationRL	AFLG +0.39 points	0.40%	0.01%
Masco CorporationMAS	AFLG +0.38 points	0.42%	0.04%
Arch Capital Group Ltd.ACGL	AFLG +0.38 points	0.46%	0.08%
Synchrony FinancialSYF	AFLG +0.37 points	0.43%	0.06%
Adobe IncorporatedADBE	AFLG +0.37 points	0.45%	0.08%
Zoom Communications, Inc. (Class A)ZM	AFLG +0.36 points	0.43%	0.07%
Leidos Holdings, Inc.LDOS	AFLG +0.37 points	0.41%	0.04%
EPAM Systems, Inc.EPAM	AFLG +0.34 points	0.36%	0.02%
Southern Copper CorporationSCCO	AFLG +0.34 points	0.38%	0.04%
General Motors CompanyGM	AFLG +0.34 points	0.53%	0.19%
Fox Corporation (Class A)FOXA	AFLG +0.34 points	0.37%	0.03%
The Bank of New York Mellon CorporationBNY	AFLG +0.34 points	0.59%	0.25%
Devon Energy CorporationDVN	AFLG +0.33 points	0.47%	0.14%
Evergy, Inc.EVRG	AFLG +0.33 points	0.38%	0.05%
Gaming and Leisure Properties, Inc.GLPI	AFLG +0.33 points	0.36%	0.03%
Globe Life Inc.GL	AFLG +0.32 points	0.36%	0.04%
Cisco Systems, Inc.CSCO	VONV +0.32 points	0.85%	1.17%
Snap-on IncorporatedSNA	AFLG +0.32 points	0.37%	0.05%
A.O. Smith CorporationAOS	AFLG +0.31 points	0.33%	0.02%
UnitedHealth Group IncorporatedUNH	VONV +0.31 points	0.60%	0.91%
Cardinal Health, Inc.CAH	AFLG +0.31 points	0.39%	0.08%
Jones Lang LaSalle IncorporatedJLL	AFLG +0.30 points	0.34%	0.04%
DaVita Inc.DVA	AFLG +0.30 points	0.32%	0.02%
FedEx CorporationFDX	AFLG +0.28 points	0.45%	0.17%
Chubb LimitedCB	AFLG +0.28 points	0.59%	0.31%
Toll Brothers, Inc.TOL	AFLG +0.27 points	0.30%	0.03%
DocuSign, Inc.DOCU	AFLG +0.27 points	0.30%	0.03%
The Charles Schwab CorporationSCHW	VONV +0.27 points	0.14%	0.41%
Sysco CorporationSYY	AFLG +0.27 points	0.32%	0.05%
Target CorporationTGT	AFLG +0.26 points	0.46%	0.20%
CDW CorporationCDW	AFLG +0.26 points	0.31%	0.04%
LKQ CorporationLKQ	AFLG +0.26 points	0.28%	0.02%
Mueller Industries, Inc.MLI	AFLG +0.25 points	0.29%	0.04%
Uber Technologies, Inc.UBER	VONV +0.25 points	0.08%	0.33%
Ferguson Enterprises Inc.FERG	AFLG +0.25 points	0.36%	0.11%
United Parcel Service, Inc. (Class B)UPS	AFLG +0.25 points	0.41%	0.16%
BorgWarner Inc.BWA	AFLG +0.25 points	0.28%	0.03%
C.H. Robinson Worldwide, Inc.CHRW	AFLG +0.25 points	0.25%	<0.01%
Ovintiv Inc.OVV	AFLG +0.23 points	0.27%	0.04%
Regions Financial CorporationRF	AFLG +0.23 points	0.29%	0.06%
Gen Digital Inc.GEN	AFLG +0.23 points	0.26%	0.03%
F5, Inc.FFIV	AFLG +0.22 points	0.29%	0.07%
PayPal Holdings, Inc.PYPL	AFLG +0.21 points	0.29%	0.08%
Comcast Corporation (Class A)CMCSA	AFLG +0.22 points	0.43%	0.21%
Centene CorporationCNC	AFLG +0.21 points	0.29%	0.08%
Broadridge Financial Solutions, Inc.BR	AFLG +0.22 points	0.27%	0.05%
Fortive CorporationFTV	AFLG +0.21 points	0.26%	0.05%
Ulta Beauty, Inc.ULTA	AFLG +0.21 points	0.26%	0.05%
Accenture plcACN	AFLG +0.21 points	0.52%	0.31%
Global Payments Inc.GPN	AFLG +0.21 points	0.26%	0.05%
McKesson CorporationMCK	AFLG +0.20 points	0.22%	0.02%
UL Solutions Inc. (Class A)ULS	AFLG +0.20 points	0.21%	<0.01%
Zebra Technologies CorporationZBRA	AFLG +0.19 points	0.24%	0.05%
Pfizer Inc.PFE	VONV +0.19 points	0.26%	0.45%
SS&C Technologies Holdings, Inc.SSNC	AFLG +0.18 points	0.22%	0.04%
Nucor CorporationNUE	AFLG +0.18 points	0.32%	0.14%
W.P. Carey Inc.WPC	AFLG +0.18 points	0.22%	0.04%
Pentair plcPNR	AFLG +0.18 points	0.20%	0.02%
Marathon Petroleum CorporationMPC	AFLG +0.17 points	0.33%	0.16%
Unum GroupUNM	AFLG +0.16 points	0.20%	0.04%
Biogen Inc.BIIB	AFLG +0.16 points	0.25%	0.09%

All 215 AFLG holdings⁠All 872 VONV 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.

AFLG vs VONV Cost

Overpaying AFLG vs VONV

$9,634

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

AFLG 0.55%
$10,904
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

AFLG 0.55%
VONV 0.06%
Overpaying

Year by year

Year	AFLG	VONV	Overpaying
10	$988	$110	$878
20	$3,790	$432	$3,358
30	$10,904	$1,270	$9,634

Expense ratio

0.55%AFLG
0.06%VONV, cheaper

VONV0.06%AFLG0.55%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

AFLG 77th cheapest of 99 funds

AFLG vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AFLG 0.71%; VONV 1.53%, better
Payout (12M): AFLG $0.31; VONV $1.74
Last payment: AFLG $0.02; VONV $0.42
Ex-dividend: AFLG Sep 24, 2026; VONV Sep 23, 2026
Paid on: AFLG Sep 30, 2026; VONV Sep 25, 2026
Frequency: AFLG Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AFLGQuarterly · 27 paymentsAll AFLG payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

AFLG vs VONV Risk

Fall from peak · 5 years

AFLG
VONV

Risk facts

VolatilityStd dev, 3 years: AFLG 12.0%, betterVONV 12.1%
Return per unit of riskSharpe ratio, 3 years: AFLG 1.46, betterVONV 1.43
Worst fallMax drawdown, 5 years: AFLG −23.5%VONV −18.9%, better
Market sensitivityBeta, 5 years: AFLG 0.94VONV 0.85; Market = 1

AFLG and VONV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026VONV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VONV
Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VONV
ETF Filings
Tidal Trust III files to add a Wermers quantitative U.S. large-cap ETF
Sep 11, 2026AFLG

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AFLG vs VONV

In short

Stated mandate

Why people hold it