FCTR vs VONV: Grades, Fees and Holdings Compared

First Trust Lunt U.S. Factor Rotation ETF

FCTRFCboe

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

12.2%by weight

Expense ratio

VONV −0.59pt a year

FCTR0.65%VONV0.06%

Avg volume · 30D

VONV 401.0×the volume

FCTR1.93KVONV774K

5Y return · a year

VONV +12.0pt

FCTR−0.3%VONV+11.7%

FCTR vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

−1.4%FCTR+73.8%VONV

Expense ratio: FCTR 0.65%; VONV 0.06%, better
Fund size: FCTR $47M; VONV $23.3B
1Y total return: FCTR −7.8%; VONV +28.5%, better
Yield (12M): FCTR 0.62%; VONV 1.53%, better
Holdings: FCTR 144; VONV 873
Avg volume (30D): FCTR 1.93K sh; VONV 774K sh, better
NAV per share: FCTR $33.59; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for FCTR, VONV, with each pillar’s weight
Pillar	FCTR	VONV
Cost30% weight	F7	A96Higher
Mission25% weight	F19	A100Higher
Risk15% weight	F10	A86Higher
Tradability15% weight	F20	B60Higher
Holdings10% weight	B60Higher	C49
Durability5% weight	D32	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. FCTR 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 FCTR 98th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 97FPAMCPacer Lunt MidCap Multi-Factor Alternator ETFScore 23
Rank 98FFCTRFirst Trust Lunt U.S. Factor Rotation ETFScore 19
Rank 99FMBCEMonarch Blue Chips Elite Index ETFScore 18

Our read on each fund

ETF.net Research

FCTRFFirst Trust Lunt U.S. Factor Rotation ETF

VONVAVanguard Russell 1000 Value ETF

In short

FCTR Most multifactor ETFs blend value, momentum, quality and low volatility all at once. FCTR ranks them instead and rotates toward whichever are winning on relative strength. A factor market-timer in a category built on holding everything.

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

FCTR The Fund aims to outperform the large- and mid-capitalization U.S. equity market before fees and expenses by investing primarily in U.S.-listed large- and mid-capitalization stocks selected through a proprietary factor-rotation model.

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

FCTR The rotation is the whole product: value, momentum, quality and low volatility get scored on risk-adjusted relative strength, and exposure leans toward the leaders rather than averaging across all four.stockanalysis.com
Roughly 170 large- and mid-cap U.S. stocks sit underneath, so the basket still reads like a core equity sleeve even when the factor tilt swings. The holdings are the strongest part of the package.
Live since 2018, which means the rotation model has a real-world record through a full market cycle instead of a backtest.
The stated yardstick is candid: a custom 80% MSCI USA / 20% MSCI USA Minimum Volatility blend, not a flattering plain-vanilla comparison.

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

FCTR At 0.65% a year, it runs about double the typical U.S. multifactor ETF and several times cheaper index-based peers like FNDX (0.25%) or VONV (0.06%).
It trades lightly next to the giants in its category, so the bid/ask spread is a real part of the cost of getting in and out.
Rotation is a timing call by design. When factor leadership flips quickly, the model can be shifting into a factor as it cools rather than ahead of it.

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 FCTR profile⁠

Full VONV profile⁠

FCTR vs VONV Holdings

How FCTR and VONV differ

Overlap by weight

12.2%

Shared holdings make up 52.1% of FCTR and 22.6% of VONV.

Level by level

Holdings87 in both12.2%
Sector11 Sectors84.4%
Countryby domicile98.3%
Asset classEquity100%

Sector

Sector weights in FCTR and VONV, widest gap first
Sector	More in FCTRMore in VONV	FCTR	VONV
Financials	FCTR +9.7 points	27.6%	17.9%
Consumer Discretionary	VONV +5.6 points	4.8%	10.4%
Technology	VONV +4.0 points	17.9%	21.9%
Materials	VONV +3.0 points	0.3%	3.3%
Consumer Staples	FCTR +2.2 points	9.4%	7.2%
Real Estate	FCTR +1.9 points	5.4%	3.5%
Energy	VONV +1.8 points	4.4%	6.2%
Communication	VONV +1.2 points	2.2%	3.4%
Industrials	FCTR +1.1 points	10.6%	9.5%
Health Care	FCTR +0.6 points	14.0%	13.4%
Utilities	Same weight	3.4%	3.4%

Country, concentration and asset class

Country by domicile

Country weights in FCTR and VONV, widest gap first
Country	More in FCTRMore in VONV	FCTR	VONV
United States	VONV +1.7 points	98.3%	100.0%
United Kingdom	FCTR +1.5 points	1.5%	0.0%
Switzerland	FCTR +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

FCTR19.7%
VONV29.8%

Securities held

FCTR143
VONV871

Asset class

FCTR: Equity
VONV: Equity

Holdings

Only in FCTR56
In both87
Only in VONV784

Only in FCTR

56 securities, 47.9% of FCTR by weight

CrowdStrike Holdings, Inc. (Class A)3.41%
Cloudflare, Inc. (Class A)2.10%
Lumentum Holdings Inc.1.86%
Axon Enterprise Inc.1.86%
Snowflake Inc. (Class A)1.85%
Micron Technology, Inc.1.57%
Revolution Medicines, Inc.1.53%
Palo Alto Networks, Inc.1.51%
Sandisk Corporation1.38%
Natera, Inc.1.27%
Marvell Technology, Inc.1.18%
Microchip Technology Incorporated1.16%
Lam Research Corporation1.15%
Palantir Technologies Inc. (Class A)1.11%
Astera Labs, Inc.1.07%
Tesla, Inc.1.02%
Zscaler, Inc.1.02%
Rocket Lab Corporation1.02%
Credo Technology Group Holding Ltd1.00%
Insmed Incorporated1.00%
Sitime Corporation0.98%
Fortinet, Inc.0.89%
Vertiv Holdings Co (Class A)0.89%
MACOM Technology Solutions Holdings, Inc.0.88%
Roblox Corporation (Class A)0.86%
Corning Incorporated0.85%
Monolithic Power Systems, Inc.0.85%
Bloom Energy Corporation (Class A)0.81%
Teradyne, Inc.0.76%
Arista Networks, Inc.0.69%
Live Nation Entertainment, Inc.0.67%
Texas Pacific Land Corporation0.57%
Eli Lilly and Company0.54%
Datadog, Inc. (Class A)0.53%
Vistra Corp.0.52%
Ciena Corporation0.52%
Cadence Design Systems, Inc.0.51%
KLA Corporation0.50%
FTAI Aviation Ltd.0.49%
Broadcom Inc.0.47%
Advanced Micro Devices, Inc.0.42%
Applied Materials, Inc.0.40%
Oracle Corporation0.39%
Applovin Corp. (Class A)0.39%
MasTec, Inc.0.38%
Lattice Semiconductor Corporation0.37%
GE Vernova Inc.0.36%
ServiceNow, Inc.0.35%
Seagate Technology Holdings Plc0.34%
CoreWeave, Inc. (Class A)0.31%

Only in VONV

784 securities, 77.2% of VONV by weight

Amazon.com Inc6.09%
Microsoft Corp5.24%
Berkshire Hathaway Inc2.55%
JPMorgan Chase & Co2.43%
Johnson & Johnson1.75%
AbbVie Inc1.17%
Walmart Inc1.15%
Procter & Gamble Co/The0.93%
UnitedHealth Group Inc0.91%
Bank of America Corp0.91%
Philip Morris International Inc0.82%
Coca-Cola Co/The0.81%
Meta Platforms Inc0.80%
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%
International Business Machines Corp0.57%
Verizon Communications Inc0.53%
Walt Disney Co/The0.50%
Citigroup Inc0.50%
Analog Devices Inc0.49%
Abbott Laboratories0.47%
Deere & Co0.46%
McDonald's Corp0.45%
AT&T Inc0.45%
Pfizer Inc0.45%
Blackrock Inc0.44%
NextEra Energy Inc0.43%
PepsiCo Inc0.42%
Union Pacific Corp0.41%
Charles Schwab Corp/The0.41%
Danaher Corp0.39%
Vertex Pharmaceuticals Inc0.37%
Bristol-Myers Squibb Co0.35%
Prologis Inc0.34%
Progressive Corp/The0.33%
Uber Technologies Inc0.33%
Parker-Hannifin Corp0.33%
S&P Global Inc0.32%
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%

Weight gaps

All 87 Holdings in both funds, largest gap first.

Holding weights in FCTR and VONV, widest gap first
Holding	More in FCTRMore in VONV	FCTR	VONV
Apple Inc.AAPL	VONV +5.86 points	0.21%	6.07%
Moderna, Inc.MRNA	FCTR +1.90 points	2.09%	0.19%
ExxonMobil Holdings Corp.XOM	VONV +1.56 points	0.28%	1.84%
ON Semiconductor CorporationON	FCTR +1.55 points	1.63%	0.08%
Roivant Sciences Ltd.ROIV	FCTR +1.50 points	1.55%	0.05%
Okta, Inc.OKTA	FCTR +1.47 points	1.57%	0.10%
Dell Technologies Inc. (Class C)DELL	FCTR +1.36 points	1.75%	0.39%
Strategy Incorporated (Class A)MSTR	FCTR +1.35 points	1.50%	0.15%
Guardant Health, Inc.GH	FCTR +1.30 points	1.31%	<0.01%
Circle Internet Group, Inc. (Class A)CRCL	FCTR +0.97 points	1.01%	0.04%
Cisco Systems, Inc.CSCO	VONV +0.96 points	0.21%	1.17%
International Paper CompanyIP	FCTR +0.94 points	0.99%	0.05%
Occidental Petroleum CorporationOXY	FCTR +0.91 points	1.02%	0.11%
Twilio Inc. (Class A)TWLO	FCTR +0.88 points	0.98%	0.10%
Centene CorporationCNC	FCTR +0.85 points	0.93%	0.08%
LyondellBasell Industries N.V.LYB	FCTR +0.85 points	0.89%	0.04%
Robinhood Markets, Inc. (Class A)HOOD	FCTR +0.84 points	0.88%	0.04%
Dow Inc.DOW	FCTR +0.84 points	0.89%	0.05%
Nucor CorporationNUE	FCTR +0.82 points	0.96%	0.14%
Fair Isaac CorporationFICO	FCTR +0.81 points	0.82%	<0.01%
Entegris, Inc.ENTG	FCTR +0.81 points	0.87%	0.06%
Weyerhaeuser CompanyWY	FCTR +0.81 points	0.85%	0.04%
Hewlett Packard Enterprise CompanyHPE	FCTR +0.79 points	1.02%	0.23%
Steel Dynamics, Inc.STLD	FCTR +0.77 points	0.85%	0.08%
Merck & Co., Inc.MRK	VONV +0.70 points	0.29%	0.99%
IonQ, Inc.IONQ	FCTR +0.68 points	0.72%	0.04%
HF Sinclair Corp.DINO	FCTR +0.66 points	0.71%	0.04%
Illumina, Inc.ILMN	FCTR +0.62 points	0.73%	0.11%
AST SpaceMobile, Inc.ASTS	FCTR +0.61 points	0.61%	<0.01%
Everpure, Inc. (Class A)P	FCTR +0.60 points	0.62%	0.02%
Interactive Brokers Group, Inc. (Class A)IBKR	FCTR +0.59 points	0.65%	0.06%
Marathon Petroleum CorporationMPC	FCTR +0.58 points	0.74%	0.16%
HP Inc.HPQ	FCTR +0.56 points	0.64%	0.08%
SBA Communications CorporationSBAC	FCTR +0.52 points	0.57%	0.05%
Reliance Inc.RS	FCTR +0.51 points	0.56%	0.05%
Lennar CorporationLEN	FCTR +0.51 points	0.54%	0.03%
TransDigm Group IncorporatedTDG	FCTR +0.47 points	0.55%	0.08%
Ford Motor CompanyF	FCTR +0.46 points	0.59%	0.13%
VeriSign, Inc.VRSN	FCTR +0.45 points	0.51%	0.06%
MSCI Inc.MSCI	FCTR +0.44 points	0.54%	0.10%
MongoDB, Inc.MDB	FCTR +0.44 points	0.45%	<0.01%
NetApp, Inc.NTAP	FCTR +0.43 points	0.50%	0.07%
Bunge Global S.A.BG	FCTR +0.41 points	0.45%	0.04%
Valero Energy CorporationVLO	FCTR +0.41 points	0.68%	0.27%
Edison InternationalEIX	FCTR +0.40 points	0.46%	0.06%
Charter Communications, Inc. (Class A)CHTR	FCTR +0.40 points	0.43%	0.03%
Chevron CorporationCVX	VONV +0.39 points	0.65%	1.04%
Workday, Inc. (Class A)WDAY	FCTR +0.36 points	0.46%	0.10%
Coherent Corp.COHR	FCTR +0.36 points	0.48%	0.12%
Iron Mountain IncorporatedIRM	FCTR +0.34 points	0.43%	0.09%
TD SYNNEX CorporationSNX	FCTR +0.35 points	0.40%	0.05%
MKS, Inc.MKSI	FCTR +0.34 points	0.38%	0.04%
Coinbase Global, Inc. (Class A)COIN	FCTR +0.32 points	0.43%	0.11%
Phillips 66PSX	FCTR +0.31 points	0.57%	0.26%
Humana Inc.HUM	FCTR +0.28 points	0.41%	0.13%
ConocoPhillipsCOP	FCTR +0.26 points	0.68%	0.42%
Freeport-McMoRan Inc.FCX	FCTR +0.26 points	0.54%	0.28%
Albemarle CorporationALB	FCTR +0.26 points	0.29%	0.03%
WESCO International, Inc.WCC	FCTR +0.25 points	0.30%	0.05%
Eaton Corporation PlcETN	VONV +0.25 points	0.14%	0.39%
Southwest Airlines Co.LUV	FCTR +0.21 points	0.26%	0.05%
F5, Inc.FFIV	FCTR +0.21 points	0.28%	0.07%
Super Micro Computer, Inc.SMCI	FCTR +0.19 points	0.25%	0.06%
Jazz Pharmaceuticals PlcJAZZ	FCTR +0.19 points	0.23%	0.04%
Tyson Foods, Inc. (Class A)TSN	FCTR +0.19 points	0.23%	0.04%
Ovintiv Inc.OVV	FCTR +0.19 points	0.23%	0.04%
Tenet Healthcare CorporationTHC	FCTR +0.18 points	0.24%	0.06%
QUALCOMM IncorporatedQCOM	VONV +0.18 points	0.35%	0.53%
Welltower Inc.WELL	VONV +0.17 points	0.29%	0.46%
Diamondback Energy, Inc.FANG	FCTR +0.16 points	0.26%	0.10%
Halliburton CompanyHAL	FCTR +0.16 points	0.23%	0.07%
Archer-Daniels-Midland CompanyADM	FCTR +0.16 points	0.26%	0.10%
Flutter Entertainment PlcFLUT	FCTR +0.16 points	0.19%	0.03%
Incyte CorporationINCY	FCTR +0.15 points	0.21%	0.06%
Newmont CorporationNEM	VONV +0.15 points	0.18%	0.33%
CoStar Group, Inc.CSGP	FCTR +0.15 points	0.18%	0.03%
Starbucks CorporationSBUX	FCTR +0.15 points	0.28%	0.13%
Devon Energy CorporationDVN	FCTR +0.11 points	0.25%	0.14%
State Street CorporationSTT	FCTR +0.11 points	0.24%	0.13%
General Motors CompanyGM	FCTR +0.09 points	0.28%	0.19%
Intel CorporationINTC	VONV +0.07 points	1.44%	1.51%
Gilead Sciences, Inc.GILD	FCTR +0.07 points	0.58%	0.51%
NIKE, Inc. (Class B)NKE	FCTR +0.07 points	0.18%	0.11%
Wabtec CorporationWAB	FCTR +0.06 points	0.19%	0.13%
Salesforce, Inc.CRM	VONV +0.06 points	0.44%	0.50%
Garmin Ltd.GRMN	FCTR +0.05 points	0.18%	0.13%
Capital One Financial CorporationCOF	VONV +0.05 points	0.27%	0.32%

All 143 FCTR 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.

FCTR vs VONV Cost

Overpaying FCTR vs VONV

$11,447

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

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

Amount$10,000

Years30 years

Cost over time

FCTR 0.65%
VONV 0.06%
Overpaying

Year by year

Year	FCTR	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%FCTR
0.06%VONV, cheaper

VONV0.06%FCTR0.65%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

FCTR 91st cheapest of 99 funds

FCTR vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FCTR 0.62%; VONV 1.53%, better
Payout (12M): FCTR $0.21; VONV $1.74
Last payment: FCTR $0.06; VONV $0.42
Ex-dividend: FCTR Sep 24, 2026; VONV Sep 23, 2026
Paid on: FCTR Sep 30, 2026; VONV Sep 25, 2026
Frequency: FCTR Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FCTRQuarterly · 31 paymentsAll FCTR payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

FCTR vs VONV Risk

Fall from peak · 5 years

FCTR
VONV

Risk facts

VolatilityStd dev, 3 years: FCTR 18.1%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: FCTR 0.57VONV 1.43, better
Worst fallMax drawdown, 5 years: FCTR −37.1%VONV −18.9%, better
Market sensitivityBeta, 5 years: FCTR 1.04VONV 0.85; Market = 1

FCTR 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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FCTR vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How FCTR and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FCTR

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 FCTR and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FCTR

Only in VONV

Weight gaps