AUSF vs VONV: Grades, Fees and Holdings Compared

Global X Adaptive U.S. Factor ETF

AUSFCNYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

25.2%by weight

Expense ratio

VONV −0.21pt a year

AUSF0.27%VONV0.06%

Avg volume · 30D

VONV 13.5×the volume

AUSF57.2KVONV774K

5Y return · a year

AUSF +2.3pt

AUSF+14.0%VONV+11.7%

AUSF vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+92.6%AUSF+73.8%VONV

Expense ratio: AUSF 0.27%; VONV 0.06%, better
Fund size: AUSF $905M; VONV $23.3B
1Y total return: AUSF +18.1%; VONV +28.5%, better
Yield (12M): AUSF 2.65%, better; VONV 1.53%
Holdings: AUSF 191; VONV 873
Avg volume (30D): AUSF 57.2K sh; VONV 774K sh, better
NAV per share: AUSF $51.94; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for AUSF, VONV, with each pillar’s weight
Pillar	AUSF	VONV
Cost30% weight	B55	A96Higher
Mission25% weight	D36	A100Higher
Risk15% weight	A75	A86Higher
Tradability15% weight	C45	B60Higher
Holdings10% weight	B65Higher	C49
Durability5% weight	C50	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. AUSF 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 AUSF 56th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 56CAFLGFirst Trust Active Factor Large Cap ETFScore 52
Rank 56CAUSFGlobal X Adaptive U.S. Factor ETFScore 52
Rank 56CBFORBarron's 400 ETFScore 52

Our read on each fund

ETF.net Research

AUSFCGlobal X Adaptive U.S. Factor ETF

VONVAVanguard Russell 1000 Value ETF

In short

AUSF Most multifactor ETFs bolt value, momentum and low volatility together at fixed weights. AUSF's index shifts the mix instead, tilting toward whichever of the three its rules favor, across roughly 190 US stocks.

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

AUSF The Fund seeks to provide investment results generally corresponding, before fees and expenses, to the performance of the Adaptive Wealth Strategies U.S. Factor Index. Its strategy dynamically allocates among U.S. equity value, momentum, and low-volatility factor exposures.

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

AUSF At 0.27%, it undercuts the median fee in its multifactor peer group. Not index-fund cheap, but light for a strategy that reshuffles its factor mix.
One ticker, three factors. Value, momentum and low volatility are allocated by published index rules, not a manager's discretion.globalxetfs.com
The low-volatility sleeve shows up in the numbers: its risk profile screens among the steadier in a crowded multifactor field. Trading since 2018.
Roughly 190 US stocks and quarterly distributions, so the payout rhythm is predictable even as the factor blend moves.

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

AUSF Rotation cuts both ways. The rules read past behavior, so when factor leadership flips quickly the portfolio can be leaning into the market that just ended.
Plainer neighbors cost far less: VONV at 0.06%, VYM at 0.04%. The extra fee here buys the rotation machinery, not broader coverage.
Mid-size and moderately traded rather than a liquidity giant, so spreads deserve a look on larger orders.

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 AUSF profile⁠

Full VONV profile⁠

AUSF vs VONV Holdings

As of Oct 13, 2026

How AUSF and VONV differ

Overlap by weight

25.2%

Shared holdings make up 90.7% of AUSF and 38.3% of VONV.

Level by level

Holdings170 in both25.2%
Sector11 Sectors88.7%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in AUSF and VONV, widest gap first
Sector	More in AUSFMore in VONV	AUSF	VONV
Communication	AUSF +4.7 points	8.1%	3.4%
Technology	VONV +4.2 points	17.7%	21.9%
Industrials	AUSF +3.0 points	12.5%	9.5%
Consumer Discretionary	VONV +2.7 points	7.7%	10.4%
Energy	VONV +1.8 points	4.4%	6.2%
Health Care	VONV +1.7 points	11.7%	13.4%
Consumer Staples	AUSF +1.3 points	8.5%	7.2%
Real Estate	AUSF +1.1 points	4.6%	3.5%
Utilities	AUSF +0.9 points	4.3%	3.4%
Financials	VONV +0.8 points	17.1%	17.9%
Materials	AUSF +0.2 points	3.5%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in AUSF and VONV, widest gap first
Country	More in AUSFMore in VONV	AUSF	VONV
United States	VONV +0.6 points	99.4%	100.0%
Other countries (2)	AUSF +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

AUSF17.2%
VONV29.8%

Securities held

AUSF190
VONV871

Asset class

AUSF: Equity
VONV: Equity

Holdings

Only in AUSF20
In both170
Only in VONV701

Only in AUSF

20 securities, 9.2% of AUSF by weight

Txnm Energy Inc1.56%
Lockheed Martin Corp1.38%
Penumbra Inc1.22%
Matson Inc0.54%
Noble Corp PLC0.52%
United Bankshares Inc0.51%
Enact Holdings Inc0.50%
Essent Group Ltd0.49%
Lennar Corp - B Shs0.48%
Valley National Bancorp0.45%
Kodiak Gas Services Inc0.40%
Silicon Laboratories Inc0.29%
Other Payable & Receivables0.21%
Firstcash Holdings Inc0.12%
Copt Defense Properties0.10%
Alphabet Inc-Cl A0.09%
Alphabet Inc-Cl C0.09%
Cencora Inc0.09%
Gatx Corp0.09%
Take-Two Interactive Softwre0.08%

Only in VONV

701 securities, 61.5% of VONV by weight

Amazon.com Inc6.09%
JPMorgan Chase & Co2.43%
Intel Corp1.51%
AbbVie Inc1.17%
Merck & Co Inc0.99%
Procter & Gamble Co/The0.93%
UnitedHealth Group Inc0.91%
Bank of America Corp0.91%
Philip Morris International Inc0.82%
Meta Platforms Inc0.80%
Thermo Fisher Scientific Inc0.69%
Goldman Sachs Group Inc/The0.67%
Wells Fargo & Co0.67%
Morgan Stanley0.58%
International Business Machines Corp0.57%
QUALCOMM Inc0.53%
Gilead Sciences Inc0.51%
Salesforce Inc0.50%
Walt Disney Co/The0.50%
Citigroup Inc0.50%
Analog Devices Inc0.49%
Abbott Laboratories0.47%
Deere & Co0.46%
Blackrock Inc0.44%
NextEra Energy Inc0.43%
ConocoPhillips0.42%
PepsiCo Inc0.42%
Union Pacific Corp0.41%
Charles Schwab Corp/The0.41%
Dell Technologies Inc0.39%
Eaton Corp PLC0.39%
Danaher Corp0.39%
Vertex Pharmaceuticals Inc0.37%
Prologis Inc0.34%
Newmont Corp0.33%
Progressive Corp/The0.33%
Uber Technologies Inc0.33%
Parker-Hannifin Corp0.33%
S&P Global Inc0.32%
Capital One Financial Corp0.32%
American Express Co0.31%
Lowe's Cos Inc0.28%
Freeport-McMoRan Inc0.28%
Equinix Inc0.27%
Valero Energy Corp0.27%
Phillips 660.26%
Stryker Corp0.26%
Bank of New York Mellon Corp/The0.25%
PNC Financial Services Group Inc/The0.25%
Emerson Electric Co0.24%

Weight gaps

The 100 widest of 170 Holdings in both funds.

Holding weights in AUSF and VONV, widest gap first
Holding	More in AUSFMore in VONV	AUSF	VONV
Apple IncAAPL	VONV +4.44 points	1.63%	6.07%
Microsoft CorpMSFT	VONV +3.24 points	2.00%	5.24%
Verisign IncVRSN	AUSF +1.60 points	1.66%	0.06%
Motorola Solutions IncMSI	AUSF +1.48 points	1.61%	0.13%
Verizon Communications IncVZ	AUSF +1.47 points	2.00%	0.53%
Royalty Pharma Plc- Class ARPRX	AUSF +1.45 points	1.52%	0.07%
AT&T IncT	AUSF +1.44 points	1.89%	0.45%
Amdocs LtdDOX	AUSF +1.30 points	1.32%	0.02%
Aflac IncAFL	AUSF +1.30 points	1.44%	0.14%
Republic Services IncRSG	AUSF +1.30 points	1.41%	0.11%
Cme Group IncCME	AUSF +1.29 points	1.55%	0.26%
Automatic Data ProcessingADP	AUSF +1.26 points	1.44%	0.18%
Agree Realty CorpADC	AUSF +1.25 points	1.27%	0.02%
Waste Management IncWM	AUSF +1.24 points	1.39%	0.15%
Tjx Companies IncTJX	AUSF +1.19 points	1.41%	0.22%
Exxonmobil Holdings CorpXOM	VONV +1.15 points	0.69%	1.84%
General Dynamics CorpGD	AUSF +1.15 points	1.38%	0.23%
Altria Group IncMO	AUSF +1.01 points	1.32%	0.31%
L3HARRIS Technologies IncLHX	AUSF +0.97 points	1.09%	0.12%
Chevron CorpCVX	VONV +0.94 points	0.10%	1.04%
Berkshire Hathaway Inc-Cl BBRK.B	VONV +0.91 points	1.64%	2.55%
Linde PLCLIN	AUSF +0.89 points	1.49%	0.60%
Mccormick & Co-Non Vtg ShrsMKC	AUSF +0.86 points	0.89%	0.03%
Rtx CorporationRTX	AUSF +0.79 points	1.48%	0.69%
Northrop Grumman CorpNOC	AUSF +0.71 points	0.89%	0.18%
Coca-Cola Co/TheKO	AUSF +0.67 points	1.48%	0.81%
Cognizant Tech Solutions-ACTSH	AUSF +0.64 points	0.71%	0.07%
Leidos Holdings IncLDOS	AUSF +0.64 points	0.68%	0.04%
New York Times Co-ANYT	AUSF +0.60 points	0.63%	0.03%
Bio-Rad Laboratories-ABIO	AUSF +0.59 points	0.61%	0.02%
Universal Health Services-BUHS	AUSF +0.59 points	0.61%	0.02%
Gap Inc/TheGAP	AUSF +0.59 points	0.60%	0.01%
Skyworks Solutions IncSWKS	AUSF +0.57 points	0.61%	0.04%
Fox Corp - Class BFOX	AUSF +0.55 points	0.57%	0.02%
Avnet IncAVT	AUSF +0.54 points	0.56%	0.02%
Hp IncHPQ	AUSF +0.53 points	0.61%	0.08%
Solventum CorpSOLV	AUSF +0.53 points	0.57%	0.04%
Antero Midstream CorpAM	AUSF +0.53 points	0.55%	0.02%
Mohawk Industries IncMHK	AUSF +0.53 points	0.55%	0.02%
Pilgrim's Pride CorpPPC	AUSF +0.52 points	0.52%	<0.01%
Ugi CorpUGI	AUSF +0.51 points	0.53%	0.02%
Becton Dickinson and CoBDX	AUSF +0.49 points	0.63%	0.14%
T-Mobile Us IncTMUS	AUSF +0.49 points	0.71%	0.22%
Zimmer Biomet Holdings IncZBH	AUSF +0.49 points	0.54%	0.05%
Aes CorpAES	AUSF +0.49 points	0.52%	0.03%
Costco Wholesale CorpCOST	VONV +0.49 points	0.14%	0.63%
Global Payments IncGPN	AUSF +0.49 points	0.54%	0.05%
Franklin Templeton IncBEN	AUSF +0.49 points	0.51%	0.02%
Lincoln National CorpLNC	AUSF +0.48 points	0.50%	0.02%
Southstate Bank CorpSSB	AUSF +0.48 points	0.51%	0.03%
Stanley Black & Decker IncSWK	AUSF +0.47 points	0.51%	0.04%
Everest Group LtdEG	AUSF +0.47 points	0.51%	0.04%
Viatris IncVTRS	AUSF +0.47 points	0.53%	0.06%
Accenture Plc-Cl AACN	AUSF +0.47 points	0.78%	0.31%
Best Buy Co IncBBY	AUSF +0.47 points	0.52%	0.05%
Ingram Micro Holding CorpINGM	AUSF +0.47 points	0.47%	<0.01%
Ingredion IncINGR	AUSF +0.46 points	0.48%	0.02%
Mgic Investment CorpMTG	AUSF +0.47 points	0.48%	0.01%
Nov IncNOV	AUSF +0.46 points	0.48%	0.02%
Cna Financial CorpCNA	AUSF +0.46 points	0.46%	<0.01%
Penske Automotive Group IncPAG	AUSF +0.46 points	0.47%	<0.01%
Huntington Ingalls IndustrieHII	AUSF +0.45 points	0.48%	0.03%
Fnb CorpFNB	AUSF +0.45 points	0.47%	0.02%
Prosperity Bancshares IncPB	AUSF +0.45 points	0.47%	0.02%
Vici Properties IncVICI	AUSF +0.45 points	0.52%	0.07%
Sirius Xm Holdings IncSIRI	AUSF +0.45 points	0.46%	0.01%
Kinder Morgan IncKMI	AUSF +0.45 points	0.61%	0.16%
Eastman Chemical CoEMN	AUSF +0.44 points	0.46%	0.02%
Mobility Global IncMBGL	AUSF +0.45 points	0.46%	0.01%
Rayonier IncRYN	AUSF +0.43 points	0.45%	0.02%
Bank OzkOZK	AUSF +0.44 points	0.45%	0.01%
Expand Energy CorpEXE	AUSF +0.44 points	0.49%	0.05%
Lennar Corp-ALEN	AUSF +0.44 points	0.47%	0.03%
The Campbell's CompanyCPB	AUSF +0.44 points	0.45%	0.01%
Lkq CorpLKQ	AUSF +0.43 points	0.45%	0.02%
Zions Bancorp NaZION	AUSF +0.43 points	0.46%	0.03%
Alcoa CorpAA	AUSF +0.43 points	0.46%	0.03%
Cisco Systems IncCSCO	AUSF +0.43 points	1.60%	1.17%
First American FinancialFAF	AUSF +0.42 points	0.44%	0.02%
Dupont De Nemours IncDD	AUSF +0.43 points	0.48%	0.05%
Columbia Banking System IncCOLB	AUSF +0.43 points	0.45%	0.02%
Lithia Motors IncLAD	AUSF +0.42 points	0.44%	0.02%
Smurfit Westrock PLCSW	AUSF +0.41 points	0.47%	0.06%
Ally Financial IncALLY	AUSF +0.41 points	0.44%	0.03%
Mosaic Co/TheMOS	AUSF +0.40 points	0.42%	0.02%
Boyd Gaming CorpBYD	AUSF +0.40 points	0.41%	<0.01%
Lear CorpLEA	AUSF +0.40 points	0.42%	0.02%
Fiserv IncFISV	AUSF +0.40 points	0.47%	0.07%
Transdigm Group IncTDG	AUSF +0.40 points	0.48%	0.08%
KeycorpKEY	AUSF +0.40 points	0.45%	0.05%
Bunge Global SABG	AUSF +0.39 points	0.43%	0.04%
Regions Financial CorpRF	AUSF +0.40 points	0.46%	0.06%
Fidelity National Info ServicesFIS	AUSF +0.39 points	0.44%	0.05%
Eversource EnergyES	AUSF +0.39 points	0.46%	0.07%
Agnc Investment CorpAGNC	AUSF +0.39 points	0.42%	0.03%
Starwood Property Trust IncSTWD	AUSF +0.39 points	0.40%	0.01%
Prudential Financial IncPRU	AUSF +0.38 points	0.49%	0.11%
Annaly Capital Management InNLY	AUSF +0.38 points	0.42%	0.04%
Citizens Financial GroupCFG	AUSF +0.38 points	0.45%	0.07%
Target CorpTGT	AUSF +0.37 points	0.57%	0.20%

All 189 AUSF 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.

AUSF vs VONV Cost

Overpaying AUSF vs VONV

$4,287

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

AUSF 0.27%
$5,557
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

AUSF 0.27%
VONV 0.06%
Overpaying

Year by year

Year	AUSF	VONV	Overpaying
10	$491	$110	$381
20	$1,907	$432	$1,475
30	$5,557	$1,270	$4,287

Expense ratio

0.27%AUSF
0.06%VONV, cheaper

VONV0.06%AUSF0.27%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

AUSF 40th cheapest of 99 funds

AUSF vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AUSF 2.65%, better; VONV 1.53%
Payout (12M): AUSF $1.38; VONV $1.74
Last payment: AUSF $0.33; VONV $0.42
Ex-dividend: AUSF Aug 5, 2026; VONV Sep 23, 2026
Paid on: AUSF Aug 10, 2026; VONV Sep 25, 2026
Frequency: AUSF Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AUSFQuarterly · 39 paymentsAll AUSF payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

AUSF vs VONV Risk

Fall from peak · 5 years

AUSF
VONV

Risk facts

VolatilityStd dev, 3 years: AUSF 13.0%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: AUSF 1.24VONV 1.43, better
Worst fallMax drawdown, 5 years: AUSF −14.2%, betterVONV −18.9%
Market sensitivityBeta, 5 years: AUSF 0.66VONV 0.85; Market = 1

AUSF 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

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AUSF vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How AUSF and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AUSF

Only in VONV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list

The best value ETF depends on whose list you bought

US multifactor funds ran 30 points apart

How AUSF and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AUSF

Only in VONV

Weight gaps