BFOR vs VONV: Grades, Fees and Holdings Compared

Barron's 400 ETF

BFORCNYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

14.1%by weight

Expense ratio

VONV −0.59pt a year

BFOR0.65%VONV0.06%

Avg volume · 30D

VONV 21.9×the volume

BFOR35.3KVONV774K

10Y return · a year

BFOR +0.6pt

BFOR+12.6%VONV+12.0%

BFOR vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+57.3%BFOR+73.8%VONV

Expense ratio: BFOR 0.65%; VONV 0.06%, better
Fund size: BFOR $241M; VONV $23.3B
1Y total return: BFOR +18.0%; VONV +28.5%, better
Yield (12M): BFOR 0.52%; VONV 1.53%, better
Holdings: BFOR 401; VONV 873
Avg volume (30D): BFOR 35.3K sh; VONV 774K sh, better
NAV per share: BFOR $23.42; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for BFOR, VONV, with each pillar’s weight
Pillar	BFOR	VONV
Cost30% weight	F7	A96Higher
Mission25% weight	A100	A100
Risk15% weight	C48	A86Higher
Tradability15% weight	C46	B60Higher
Holdings10% weight	A87Higher	C49
Durability5% weight	C48	A93Higher

Rank among US Multifactor funds

How we build Categories ›

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

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 56CAUSFGlobal X Adaptive U.S. Factor ETFScore 52
Rank 56CBFORBarron's 400 ETFScore 52
Rank 56CFLQSFranklin U.S. Small Cap Multifactor Index ETFScore 52

Our read on each fund

ETF.net Research

BFORCBarron's 400 ETF

VONVAVanguard Russell 1000 Value ETF

In short

BFOR A famous stock list turned into a fund. BFOR follows the Barron's 400 Index, a rules-based screen for growth at a reasonable price plus quality in US stocks, and it has run that playbook since 2013.

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

BFOR The fund seeks to track the performance of the Barron's 400 Index before fees and expenses.

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

BFOR Tracks the Barron's 400 Index tightly. For a rules-based fund that is the whole job, and this one does it with very little drift.alpsfunds.com
One basket, roughly 400 US companies, screened for growth at a reasonable price plus quality. No single name carries the portfolio.
Live since 2013, so the screen has been through real markets rather than a backtest deck.

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

BFOR At 0.65% a year, it charges about double the typical US multifactor fund, and well above big rivals like FNDX (0.25%) or VONV (0.06%).
Thinly traded. Spreads can widen, so limit orders matter more here than with the mega-funds in the category.
Sits in the lower half of its US multifactor peer group, driven by cost and trading friction rather than by how it follows its index.

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 BFOR profile⁠

Full VONV profile⁠

BFOR vs VONV Holdings

How BFOR and VONV differ

Overlap by weight

14.1%

Shared holdings make up 42.4% of BFOR and 38.0% of VONV.

Level by level

Holdings167 in both14.1%
Sector11 Sectors86.2%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in BFOR and VONV, widest gap first
Sector	More in BFORMore in VONV	BFOR	VONV
Industrials	BFOR +5.2 points	14.7%	9.5%
Energy	BFOR +4.2 points	10.4%	6.2%
Consumer Staples	VONV +3.5 points	3.7%	7.2%
Real Estate	VONV +3.5 points	0.0%	3.5%
Utilities	VONV +2.9 points	0.5%	3.4%
Financials	BFOR +2.5 points	20.4%	17.9%
Technology	VONV +2.1 points	19.8%	21.9%
Materials	BFOR +1.8 points	5.1%	3.3%
Health Care	VONV +1.1 points	12.3%	13.4%
Communication	VONV +0.6 points	2.8%	3.4%
Consumer Discretionary	VONV +0.1 points	10.3%	10.4%

Country, concentration and asset class

Country by domicile

Country weights in BFOR and VONV, widest gap first
Country	More in BFORMore in VONV	BFOR	VONV
United States	VONV +0.7 points	99.3%	100.0%
Other countries (3)	BFOR +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

BFOR3.6%
VONV29.8%

Securities held

BFOR400
VONV871

Asset class

BFOR: Equity
VONV: Equity

Holdings

Only in BFOR233
In both167
Only in VONV704

Only in BFOR

233 securities, 57.1% of BFOR by weight

CareDx Inc.0.42%
Figs Inc.0.38%
OneSpan Inc.0.36%
Qualys Inc.0.32%
ADMA Biologics Inc.0.31%
Eli Lilly & Co.0.31%
Riley Exploration Permian Inc.0.31%
Halozyme Therapeutics Inc.0.30%
Veracyte Inc.0.30%
Lockheed Martin Corp.0.30%
Hinge Health Inc.0.30%
Urban Outfitters Inc.0.29%
NerdWallet Inc.0.29%
Cadence Design Systems Inc.0.29%
Manhattan Associates Inc.0.29%
Abercrombie & Fitch Co.0.29%
Exponent Inc.0.29%
WD-40 Co.0.29%
Ligand Pharmaceuticals Inc.0.29%
Texas Instruments Inc.0.29%
Intuitive Surgical Inc.0.28%
Rocky Brands Inc.0.28%
Rigel Pharmaceuticals Inc.0.28%
DHT Holdings Inc.0.28%
GoDaddy Inc.0.28%
Innovative Solutions and Support Inc.0.28%
Ardmore Shipping Corp.0.28%
Mastercard Inc.0.28%
Levi Strauss & Co.0.28%
Sezzle Inc.0.28%
PBF Energy Inc.0.28%
GigaCloud Technology Inc.0.28%
IBEX Holdings Ltd.0.28%
Kontoor Brands Inc.0.27%
Visa Inc.0.27%
Napco Security Technologies Inc.0.27%
Targa Resources Corp.0.27%
Cintas Corp.0.27%
Frontdoor Inc.0.27%
Medpace Holdings Inc.0.27%
Clear Secure Inc.0.27%
Autodesk Inc.0.27%
Insulet Corp.0.27%
Paysign Inc.0.27%
Remitly Global Inc.0.27%
Phibro Animal Health Corp.0.27%
Cricut Inc.0.27%
Interface Inc.0.27%
Vita Coco Co. Inc.0.26%
HCI Group Inc.0.26%

Only in VONV

704 securities, 61.8% of VONV by weight

Berkshire Hathaway Inc2.55%
ExxonMobil Holdings Corp1.84%
Johnson & Johnson1.75%
Intel Corp1.51%
AbbVie Inc1.17%
Cisco Systems Inc1.17%
Walmart Inc1.15%
Merck & Co Inc0.99%
Procter & Gamble Co/The0.93%
UnitedHealth Group Inc0.91%
Bank of America Corp0.91%
Philip Morris International Inc0.82%
Thermo Fisher Scientific Inc0.69%
Costco Wholesale Corp0.63%
Linde PLC0.60%
Morgan Stanley0.58%
QUALCOMM Inc0.53%
Verizon Communications Inc0.53%
Gilead Sciences Inc0.51%
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%
Pfizer Inc0.45%
Blackrock Inc0.44%
NextEra Energy Inc0.43%
PepsiCo Inc0.42%
Charles Schwab Corp/The0.41%
Eaton Corp PLC0.39%
Danaher Corp0.39%
Prologis Inc0.34%
Progressive Corp/The0.33%
S&P Global Inc0.32%
Capital One Financial Corp0.32%
Chubb Ltd0.31%
American Express Co0.31%
Altria Group Inc0.31%
Accenture PLC0.31%
Medtronic PLC0.30%
CVS Health Corp0.30%
Lowe's Cos Inc0.28%
Freeport-McMoRan Inc0.28%
Equinix Inc0.27%
Southern Co/The0.26%
CME Group Inc0.26%
Bank of New York Mellon Corp/The0.25%
Duke Energy Corp0.24%

Weight gaps

The 100 widest of 167 Holdings in both funds.

Holding weights in BFOR and VONV, widest gap first
Holding	More in BFORMore in VONV	BFOR	VONV
Amazon.com Inc.AMZN	VONV +5.85 points	0.24%	6.09%
Apple Inc.AAPL	VONV +5.81 points	0.26%	6.07%
Microsoft Corp.MSFT	VONV +4.98 points	0.26%	5.24%
JPMorgan Chase & Co.JPM	VONV +2.19 points	0.24%	2.43%
Chevron Corp.CVX	VONV +0.76 points	0.28%	1.04%
Meta Platforms Inc.META	VONV +0.57 points	0.23%	0.80%
Coca-Cola Co.KO	VONV +0.55 points	0.26%	0.81%
Goldman Sachs Group Inc.GS	VONV +0.45 points	0.22%	0.67%
RTX Corp.RTX	VONV +0.43 points	0.26%	0.69%
Wells Fargo & Co.WFC	VONV +0.44 points	0.23%	0.67%
Crocs Inc.CROX	BFOR +0.32 points	0.34%	0.02%
PTC Inc.PTC	BFOR +0.32 points	0.36%	0.04%
International Business Machines Corp.IBM	VONV +0.31 points	0.26%	0.57%
Hayward Holdings Inc.HAYW	BFOR +0.30 points	0.31%	<0.01%
Hasbro Inc.HAS	BFOR +0.30 points	0.33%	0.03%
Salesforce Inc.CRM	VONV +0.28 points	0.22%	0.50%
Exelixis Inc.EXEL	BFOR +0.28 points	0.31%	0.03%
Ralph Lauren Corp.RL	BFOR +0.28 points	0.29%	0.01%
Paylocity Holding Corp.PCTY	BFOR +0.27 points	0.29%	0.02%
Paycom Software Inc.PAYC	BFOR +0.28 points	0.30%	0.02%
SharkNinja Inc.SN	BFOR +0.27 points	0.31%	0.04%
H&R Block Inc.HRB	BFOR +0.27 points	0.28%	0.01%
Casey's General Stores Inc.CASY	BFOR +0.26 points	0.27%	<0.01%
UL Solutions Inc.ULS	BFOR +0.26 points	0.27%	<0.01%
YETI Holdings Inc.YETI	BFOR +0.26 points	0.27%	<0.01%
Genpact Ltd.G	BFOR +0.26 points	0.27%	0.01%
Freshpet Inc.FRPT	BFOR +0.25 points	0.26%	<0.01%
Brookfield Asset Management Ltd.BAM	BFOR +0.26 points	0.26%	<0.01%
Zoetis Inc.ZTS	BFOR +0.25 points	0.27%	0.02%
APA Corp.APA	BFOR +0.25 points	0.29%	0.04%
Gap Inc.GAP	BFOR +0.26 points	0.27%	0.01%
IDEXX Laboratories Inc.IDXX	BFOR +0.25 points	0.27%	0.02%
BJ's Wholesale Club Holdings Inc.BJ	BFOR +0.25 points	0.28%	0.03%
Lincoln Electric Holdings Inc.LECO	BFOR +0.24 points	0.27%	0.03%
Armstrong World Industries Inc.AWI	BFOR +0.25 points	0.26%	0.01%
Encompass Health Corp.EHC	BFOR +0.25 points	0.28%	0.03%
Axis Capital Holdings Ltd.AXS	BFOR +0.24 points	0.26%	0.02%
Roku Inc.ROKU	BFOR +0.24 points	0.24%	<0.01%
Ulta Beauty Inc.ULTA	BFOR +0.24 points	0.29%	0.05%
Lyft Inc.LYFT	BFOR +0.24 points	0.25%	0.01%
Chord Energy Corp.CHRD	BFOR +0.24 points	0.26%	0.02%
United Therapeutics Corp.UTHR	BFOR +0.24 points	0.30%	0.06%
Globus Medical Inc.GMED	BFOR +0.24 points	0.26%	0.02%
Matador Resources Co.MTDR	BFOR +0.24 points	0.25%	0.01%
Fastenal Co.FAST	BFOR +0.23 points	0.26%	0.03%
Ovintiv Inc.OVV	BFOR +0.24 points	0.28%	0.04%
Crown Holdings Inc.CCK	BFOR +0.23 points	0.26%	0.03%
Permian Resources Corp.PR	BFOR +0.23 points	0.27%	0.04%
Grand Canyon Education Inc.LOPE	BFOR +0.23 points	0.24%	<0.01%
Carnival Corp.CCL	BFOR +0.23 points	0.32%	0.09%
Columbia Banking System Inc.COLB	BFOR +0.23 points	0.25%	0.02%
Acuity Brands Inc.AYI	BFOR +0.23 points	0.26%	0.03%
Kinsale Capital Group Inc.KNSL	BFOR +0.23 points	0.25%	0.02%
First Citizens BancShares Inc.FCNCA	BFOR +0.23 points	0.28%	0.05%
Sotera Health Co.SHC	BFOR +0.23 points	0.24%	0.01%
Universal Health Services Inc.UHS	BFOR +0.23 points	0.25%	0.02%
MSA Safety Inc.MSA	BFOR +0.23 points	0.25%	0.02%
Everus Construction Group Inc.ECG	BFOR +0.23 points	0.23%	<0.01%
Deckers Outdoor Corp.DECK	BFOR +0.22 points	0.25%	0.03%
Leidos Holdings Inc.LDOS	BFOR +0.23 points	0.27%	0.04%
Neurocrine Biosciences Inc.NBIX	BFOR +0.22 points	0.23%	<0.01%
New York Times Co. Class ANYT	BFOR +0.22 points	0.25%	0.03%
HF Sinclair Corp.DINO	BFOR +0.22 points	0.27%	0.04%
Assurant Inc.AIZ	BFOR +0.22 points	0.26%	0.04%
Five Below Inc.FIVE	BFOR +0.22 points	0.24%	0.02%
Ross Stores Inc.ROST	BFOR +0.22 points	0.25%	0.03%
South State Corp.SSB	BFOR +0.22 points	0.25%	0.03%
Reinsurance Group of America Inc.RGA	BFOR +0.22 points	0.26%	0.04%
AES Corp.AES	BFOR +0.22 points	0.25%	0.03%
Royal Caribbean Cruises Ltd.RCL	BFOR +0.22 points	0.30%	0.08%
Dollar Tree Inc.DLTR	BFOR +0.22 points	0.28%	0.06%
RenaissanceRe Holdings Ltd.RNR	BFOR +0.21 points	0.25%	0.04%
Watts Water Technologies Inc.WTS	BFOR +0.22 points	0.25%	0.03%
Pinnacle Financial Partners Inc.PNFP	BFOR +0.21 points	0.25%	0.04%
Jack Henry & Associates Inc.JKHY	BFOR +0.21 points	0.24%	0.03%
Advanced Energy Industries Inc.AEIS	BFOR +0.22 points	0.22%	<0.01%
CBOE Holdings Inc.CBOE	BFOR +0.21 points	0.29%	0.08%
Nordson Corp.NDSN	BFOR +0.21 points	0.26%	0.05%
Pegasystems Inc.PEGA	BFOR +0.21 points	0.22%	<0.01%
Popular Inc.BPOP	BFOR +0.22 points	0.24%	0.02%
Zions Bancorp NAZION	BFOR +0.21 points	0.24%	0.03%
Donaldson Co. Inc.DCI	BFOR +0.21 points	0.24%	0.03%
Hamilton Lane Inc.HLNE	BFOR +0.21 points	0.22%	<0.01%
Analog Devices Inc.ADI	VONV +0.20 points	0.29%	0.49%
Zebra Technologies Corp.ZBRA	BFOR +0.21 points	0.26%	0.05%
RBC Bearings Inc.RBC	BFOR +0.20 points	0.24%	0.04%
Edison InternationalEIX	BFOR +0.20 points	0.26%	0.06%
Fidelity National Information Services Inc.FIS	BFOR +0.20 points	0.25%	0.05%
East West Bancorp Inc.EWBC	BFOR +0.20 points	0.25%	0.05%
Broadridge Financial Solutions Inc.BR	BFOR +0.20 points	0.25%	0.05%
SS&C Technologies Holdings Inc.SSNC	BFOR +0.21 points	0.25%	0.04%
Best Buy Co. Inc.BBY	BFOR +0.20 points	0.25%	0.05%
Tenet Healthcare Corp.THC	BFOR +0.20 points	0.26%	0.06%
Gen Digital Inc.GEN	BFOR +0.20 points	0.23%	0.03%
McCormick & Co. Inc.MKC	BFOR +0.20 points	0.23%	0.03%
Roper Technologies Inc.ROP	BFOR +0.21 points	0.30%	0.09%
Applied Industrial Technologies Inc.AIT	BFOR +0.20 points	0.23%	0.03%
Fox Corp.FOXA	BFOR +0.20 points	0.23%	0.03%
Cincinnati Financial Corp.CINF	BFOR +0.19 points	0.26%	0.07%
Southern Copper Corp.SCCO	BFOR +0.20 points	0.24%	0.04%

All BFOR 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.

BFOR vs VONV Cost

Overpaying BFOR vs VONV

$11,447

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

BFOR 0.65%
$12,717
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

BFOR 0.65%
VONV 0.06%
Overpaying

Year by year

Year	BFOR	VONV	Overpaying
10	$1,163	$110	$1,053
20	$4,440	$432	$4,008
30	$12,717	$1,270	$11,447

Expense ratio

0.65%BFOR
0.06%VONV, cheaper

VONV0.06%BFOR0.65%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

BFOR 91st cheapest of 99 funds

BFOR vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BFOR 0.52%; VONV 1.53%, better
Payout (12M): BFOR $0.12; VONV $1.74
Last payment: BFOR $0.12; VONV $0.42
Ex-dividend: BFOR Dec 18, 2025; VONV Sep 23, 2026
Paid on: BFOR Dec 23, 2025; VONV Sep 25, 2026
Frequency: BFOR Annual; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BFORAnnual · 10 paymentsAll BFOR payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

BFOR vs VONV Risk

Fall from peak · 5 years

BFOR
VONV

Risk facts

VolatilityStd dev, 3 years: BFOR 14.8%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: BFOR 1.09VONV 1.43, better
Worst fallMax drawdown, 5 years: BFOR −25.9%VONV −18.9%, better
Market sensitivityBeta, 5 years: BFOR 1.03VONV 0.85; Market = 1

BFOR 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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BFOR vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How BFOR and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BFOR

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 BFOR and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BFOR

Only in VONV

Weight gaps