FTA vs VTV: Grades, Fees and Holdings Compared

First Trust Large Cap Value AlphaDEX Fund

FTACNasdaq

Vanguard Morningstar Value ETF

VTVANYSE Arca

Overlap

28.8%by weight

Expense ratio

VTV −0.55pt a year

FTA0.58%VTV0.03%

Avg volume · 30D

VTV 77.1×the volume

FTA36.7KVTV2.83M

10Y return · a year

VTV +1.5pt

FTA+11.5%VTV+13.0%

FTA vs VTV Performance

Oct 29, 2021 – Oct 30, 2026

+71.4%FTA+79.8%VTV

Expense ratio: FTA 0.58%; VTV 0.03%, better
Fund size: FTA $1.46B; VTV $252B
1Y total return: FTA +28.1%, better; VTV +25.3%
Yield (12M): FTA 1.68%; VTV 1.83%, better
Holdings: FTA 188; VTV 300
Avg volume (30D): FTA 36.7K sh; VTV 2.83M sh, better
NAV per share: FTA $103.97; VTV $228.00
52W range

ETF.net Grade

Pillar letters and Scores for FTA, VTV, with each pillar’s weight
Pillar	FTA	VTV
Cost30% weight	F10	A96Higher
Mission25% weight	A82	A89Higher
Risk15% weight	B64	A84Higher
Tradability15% weight	B60	B65Higher
Holdings10% weight	B67Higher	C51
Durability5% weight	B62	A88Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. FTA and VTV are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

VTV ranks 2nd and FTA 26th of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 84
Rank 2AVTVVanguard Morningstar Value ETFScore 83
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 26CFABFirst Trust Multi Cap Value AlphaDEX FundScore 51
Rank 26CFTAFirst Trust Large Cap Value AlphaDEX FundScore 51
Rank 28CCOWZPacer US Cash Cows 100 ETFScore 49

Our read on each fund

ETF.net Research

FTACFirst Trust Large Cap Value AlphaDEX Fund

VTVAVanguard Morningstar Value ETF

In short

FTA FTA doesn't just buy the value index and call it a day. It screens US large caps on value and profitability, then holds only the names that clear the bar, a 2007-vintage rules-based stock picker in an ETF wrapper.

VTV Value investing for three cents on every hundred dollars a year. Since 2004, VTV has run a passive, fully invested portfolio of roughly 300 large US companies that screen cheap, at a fee near the industry floor.

Stated mandate

FTA The Fund seeks to track, before fees and expenses, the performance of the Nasdaq AlphaDEX Large Cap Value Index.

VTV The fund seeks to track a large-capitalization U.S. value-stock benchmark through passive indexing and substantial replication of that index.

Why people hold it

FTA Selection by formula, not size: the AlphaDEX screen ranks large-cap value names on value and profitability before the index decides who gets in.ftportfolios.com
Live since 2007, so the method has a real record through the financial crisis and everything after, not a backtest.
Roughly 190 stocks, so no single name carries the fund, and it distributes quarterly.
The rules are public: it tracks a published Nasdaq AlphaDEX Large Cap Value index, and it has held multi-billion-dollar scale for years.

VTV 0.03% a year, about a sixth of the 0.18% median for US value funds. Cost is the part of the outcome the fund actually controls.
Same recipe, very different sticker: PRXV tracks the same declared value index and charges 0.36%, twelve times VTV's fee.
Passively managed, full replication, fully invested. No manager hunches, no cash sitting idle, and the fund has tracked its benchmark closely.vanguard.com
One of the largest and most actively traded funds in the US value aisle, the kind of scale that keeps bid-ask spreads thin for ordinary orders.

Worth knowing

FTA 0.58% a year, against a cohort median near 0.18%. Plain cap-weighted value funds (VTV, SCHV, IUSV) charge a small fraction of that.
Thinly traded next to the category's giants, so spreads and limit orders matter more here.
Value by screen, not by market cap: the portfolio can look and behave quite differently from a standard large-cap value benchmark.

VTV Large caps only, about 300 of them. Cheap mid- and small-cap stocks live in separate funds (VOE, VTWV), so this is one slice of value, not the whole market.
It is a value screen by design, so the priciest fast growers are largely filtered out. In growth-led stretches it can move very differently from a total-market fund.
Income arrives quarterly, in four instalments rather than a monthly drip.

Full FTA profile⁠

Full VTV profile⁠

FTA vs VTV Holdings

How FTA and VTV differ

Overlap by weight

28.8%

Shared holdings make up 78.2% of FTA and 38.3% of VTV.

Level by level

Holdings147 in both28.8%
Sector11 Sectors78.0%
Countryby domicile97.5%
Asset classEquity100%

Sector

Sector weights in FTA and VTV, widest gap first
Sector	More in FTAMore in VTV	FTA	VTV
Health Care	VTV +7.9 points	8.9%	16.8%
Utilities	FTA +6.3 points	10.5%	4.2%
Energy	FTA +5.9 points	14.1%	8.2%
Industrials	VTV +5.7 points	7.5%	13.2%
Consumer Discretionary	FTA +5.2 points	8.9%	3.7%
Technology	VTV +4.6 points	9.7%	14.3%
Communication	FTA +2.7 points	5.7%	3.0%
Financials	VTV +2.3 points	20.1%	22.4%
Real Estate	FTA +1.9 points	4.4%	2.5%
Consumer Staples	VTV +1.6 points	7.1%	8.7%
Materials	Same weight	3.1%	3.1%

Country, concentration and asset class

Country by domicile

Country weights in FTA and VTV, widest gap first
Country	More in FTAMore in VTV	FTA	VTV
United States	VTV +2.5 points	97.5%	100.0%
United Kingdom	FTA +0.9 points	0.9%	0.0%
Switzerland	FTA +0.7 points	0.7%	0.0%
Ireland	FTA +0.6 points	0.6%	0.0%
China	FTA +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

FTA9.8%
VTV23.6%

Securities held

FTA187
VTV299

Asset class

FTA: Equity
VTV: Equity

Holdings

Only in FTA40
In both147
Only in VTV152

Only in FTA

40 securities, 21.5% of FTA by weight

Ovintiv Inc.1.03%
Permian Resources Corp.1.01%
Amcor plc0.93%
PTC Inc.0.91%
Expand Energy Corporation0.88%
HF Sinclair Corp.0.88%
CF Industries Holdings, Inc.0.88%
Annaly Capital Management, Inc.0.79%
Jones Lang LaSalle Incorporated0.77%
Leidos Holdings, Inc.0.77%
First Citizens BancShares, Inc. (Class A)0.75%
Evergy, Inc.0.72%
Tenet Healthcare Corporation0.70%
Zimmer Biomet Holdings, Inc.0.70%
Super Micro Computer, Inc.0.66%
Smurfit Westrock Plc0.64%
Gen Digital Inc.0.63%
Ball Corporation0.57%
NiSource Inc.0.55%
Atmos Energy Corporation0.53%
Best Buy Co., Inc.0.52%
Viatris Inc.0.51%
Invitation Homes Inc.0.48%
Bunge Global S.A.0.43%
Reliance Inc.0.37%
Alliant Energy Corporation0.37%
Tractor Supply Company0.36%
Weyerhaeuser Company0.35%
East West Bancorp, Inc.0.35%
News Corporation (Class A)0.33%
W.P. Carey Inc.0.33%
NVR, Inc.0.32%
TD SYNNEX Corporation0.30%
CDW Corporation0.19%
FedEx Freight Holding Company, Inc.0.18%
AutoZone, Inc.0.18%
Performance Food Group Company0.17%
SS&C Technologies Holdings, Inc.0.17%
NRG Energy, Inc.0.16%
Franklin Templeton, Inc.0.16%

Only in VTV

152 securities, 61.8% of VTV by weight

Micron Technology Inc4.57%
JPMorgan Chase & Co3.34%
Johnson & Johnson2.42%
AbbVie Inc1.76%
Walmart Inc1.73%
Cisco Systems Inc1.45%
Caterpillar Inc1.42%
Merck & Co Inc1.36%
Procter & Gamble Co/The1.28%
Coca-Cola Co/The1.27%
UnitedHealth Group Inc1.25%
Philip Morris International Inc1.13%
RTX Corp0.95%
Thermo Fisher Scientific Inc0.95%
Goldman Sachs Group Inc/The0.93%
Amgen Inc0.87%
Morgan Stanley0.84%
Linde PLC0.83%
International Business Machines Corp0.79%
QUALCOMM Inc0.73%
Analog Devices Inc0.73%
Gilead Sciences Inc0.70%
Deere & Co0.65%
Abbott Laboratories0.65%
Eaton Corp PLC0.63%
Pfizer Inc0.62%
General Electric Co0.62%
Union Pacific Corp0.61%
Charles Schwab Corp/The0.61%
American Express Co0.58%
NextEra Energy Inc0.57%
Blackrock Inc0.56%
Berkshire Hathaway Inc0.55%
Danaher Corp0.53%
Uber Technologies Inc0.50%
Texas Instruments Inc0.49%
Prologis Inc0.47%
Newmont Corp0.46%
Parker-Hannifin Corp0.46%
S&P Global Inc0.43%
Altria Group Inc0.43%
Automatic Data Processing Inc0.39%
Freeport-McMoRan Inc0.38%
McKesson Corp0.38%
Trane Technologies PLC0.38%
Bank of New York Mellon Corp/The0.37%
Stryker Corp0.36%
CME Group Inc0.36%
Johnson Controls International plc0.34%
Duke Energy Corp0.34%

Weight gaps

The 100 widest of 147 Holdings in both funds.

Holding weights in FTA and VTV, widest gap first
Holding	More in FTAMore in VTV	FTA	VTV
Berkshire Hathaway Inc. (Class B)BRK.B	VTV +2.04 points	0.89%	2.93%
ExxonMobil Holdings Corp.XOM	VTV +2.01 points	0.55%	2.56%
Bank of America CorporationBAC	VTV +1.07 points	0.30%	1.37%
Constellation Brands, Inc. (Class A)STZ	FTA +0.92 points	0.98%	0.06%
Fidelity National Information Services, Inc.FIS	FTA +0.90 points	0.96%	0.06%
The Home Depot, Inc.HD	VTV +0.90 points	0.18%	1.08%
Global Payments Inc.GPN	FTA +0.89 points	0.97%	0.08%
EQT CorporationEQT	FTA +0.88 points	0.94%	0.06%
Carnival Corporation Ltd.CCL	FTA +0.85 points	0.96%	0.11%
Cincinnati Financial CorporationCINF	FTA +0.84 points	0.93%	0.09%
Cognizant Technology Solutions CorporationCTSH	FTA +0.83 points	0.93%	0.10%
Arch Capital Group Ltd.ACGL	FTA +0.83 points	0.94%	0.11%
Fiserv, Inc.FISV	FTA +0.83 points	0.91%	0.08%
Markel Group IncMKL	FTA +0.82 points	0.90%	0.08%
Edison InternationalEIX	FTA +0.82 points	0.90%	0.08%
Charter Communications, Inc. (Class A)CHTR	FTA +0.80 points	0.82%	0.02%
PulteGroup, Inc.PHM	FTA +0.80 points	0.88%	0.08%
Occidental Petroleum CorporationOXY	FTA +0.79 points	0.95%	0.16%
Fox Corporation (Class A)FOXA	FTA +0.79 points	0.83%	0.04%
PG&E CorporationPCG	FTA +0.78 points	0.88%	0.10%
VICI Properties Inc.VICI	FTA +0.77 points	0.87%	0.10%
The Hartford Insurance Group, Inc.HIG	FTA +0.76 points	0.89%	0.13%
American International Group, Inc.AIG	FTA +0.75 points	0.90%	0.15%
The Allstate CorporationALL	FTA +0.75 points	0.96%	0.21%
Roper Technologies, Inc.ROP	FTA +0.75 points	0.88%	0.13%
Devon Energy CorporationDVN	FTA +0.74 points	0.93%	0.19%
T. Rowe Price Group, Inc.TROW	FTA +0.74 points	0.82%	0.08%
EOG Resources, Inc.EOG	FTA +0.72 points	0.99%	0.27%
Chevron CorporationCVX	VTV +0.70 points	0.76%	1.46%
Broadridge Financial Solutions, Inc.BR	FTA +0.70 points	0.73%	0.03%
Martin Marietta Materials, Inc.MLM	FTA +0.68 points	0.74%	0.06%
Halliburton CompanyHAL	FTA +0.66 points	0.75%	0.09%
Loews CorporationL	FTA +0.64 points	0.70%	0.06%
Ameren CorporationAEE	FTA +0.63 points	0.73%	0.10%
PPL CorporationPPL	FTA +0.62 points	0.71%	0.09%
Diamondback Energy, Inc.FANG	FTA +0.61 points	0.76%	0.15%
Eversource EnergyES	FTA +0.61 points	0.70%	0.09%
Synchrony FinancialSYF	FTA +0.61 points	0.70%	0.09%
Consolidated Edison, Inc.ED	FTA +0.61 points	0.75%	0.14%
PayPal Holdings, Inc.PYPL	FTA +0.60 points	0.71%	0.11%
Honeywell International Inc.HON	FTA +0.60 points	0.85%	0.25%
Exelon CorporationEXC	FTA +0.59 points	0.75%	0.16%
Comcast Corporation (Class A)CMCSA	FTA +0.59 points	0.88%	0.29%
Xcel Energy Inc.XEL	FTA +0.57 points	0.74%	0.17%
D.R. Horton, Inc.DHI	FTA +0.57 points	0.70%	0.13%
M&T Bank CorporationMTB	FTA +0.55 points	0.67%	0.12%
Salesforce, Inc.CRM	VTV +0.52 points	0.16%	0.68%
CRH PlcCRH	FTA +0.51 points	0.72%	0.21%
FedEx CorporationFDX	FTA +0.49 points	0.72%	0.23%
General Motors CompanyGM	FTA +0.48 points	0.74%	0.26%
Dollar Tree, Inc.DLTR	FTA +0.48 points	0.56%	0.08%
PepsiCo, Inc.PEP	VTV +0.49 points	0.17%	0.66%
Brown & Brown, Inc.BRO	FTA +0.48 points	0.55%	0.07%
United Airlines Holdings, Inc.UAL	FTA +0.48 points	0.62%	0.14%
Truist Financial CorporationTFC	FTA +0.48 points	0.69%	0.21%
PPG Industries, Inc.PPG	FTA +0.46 points	0.55%	0.09%
CMS Energy CorporationCMS	FTA +0.45 points	0.53%	0.08%
Lennar CorporationLEN	FTA +0.45 points	0.51%	0.06%
Zoetis Inc.ZTS	FTA +0.45 points	0.55%	0.10%
The Cigna GroupCI	FTA +0.45 points	0.72%	0.27%
The Travelers Companies, Inc.TRV	FTA +0.45 points	0.73%	0.28%
Copart, Inc.CPRT	FTA +0.44 points	0.53%	0.09%
Delta Air Lines, Inc.DAL	FTA +0.44 points	0.63%	0.19%
ConocoPhillipsCOP	FTA +0.44 points	1.01%	0.57%
DTE Energy CompanyDTE	FTA +0.43 points	0.53%	0.10%
Sunbelt Rentals Holdings, Inc.SUNB	FTA +0.44 points	0.55%	0.11%
Dollar General CorporationDG	FTA +0.43 points	0.53%	0.10%
KeyCorpKEY	FTA +0.42 points	0.50%	0.08%
Regions Financial CorporationRF	FTA +0.42 points	0.51%	0.09%
Public Service Enterprise Group IncorporatedPEG	FTA +0.40 points	0.53%	0.13%
Citizens Financial Group, Inc.CFG	FTA +0.38 points	0.48%	0.10%
Huntington Bancshares IncorporatedHBAN	FTA +0.38 points	0.50%	0.12%
Citigroup Inc.C	VTV +0.37 points	0.45%	0.82%
Nucor CorporationNUE	FTA +0.36 points	0.56%	0.20%
ONEOK, Inc.OKE	FTA +0.35 points	0.55%	0.20%
Kinder Morgan, Inc.KMI	FTA +0.32 points	0.54%	0.22%
Steel Dynamics, Inc.STLD	FTA +0.31 points	0.37%	0.06%
Chubb LimitedCB	FTA +0.30 points	0.73%	0.43%
HCA Healthcare, Inc.HCA	FTA +0.30 points	0.53%	0.23%
Southwest Airlines Co.LUV	FTA +0.29 points	0.33%	0.04%
CenterPoint Energy, Inc.CNP	FTA +0.29 points	0.38%	0.09%
The Progressive CorporationPGR	FTA +0.27 points	0.73%	0.46%
GE HealthCare Technologies Inc.GEHC	FTA +0.27 points	0.38%	0.11%
WEC Energy Group, Inc.WEC	FTA +0.26 points	0.38%	0.12%
Snap-on IncorporatedSNA	FTA +0.25 points	0.32%	0.07%
Accenture plcACN	FTA +0.24 points	0.67%	0.43%
Lockheed Martin CorporationLMT	VTV +0.25 points	0.20%	0.45%
Capital One Financial CorporationCOF	FTA +0.25 points	0.70%	0.45%
Wells Fargo & CompanyWFC	VTV +0.24 points	0.68%	0.92%
Boston Scientific CorporationBSX	FTA +0.22 points	0.46%	0.24%
Xylem Inc.XYL	FTA +0.21 points	0.30%	0.09%
Target CorporationTGT	FTA +0.20 points	0.47%	0.27%
NIKE, Inc. (Class B)NKE	FTA +0.20 points	0.36%	0.16%
HP Inc.HPQ	FTA +0.19 points	0.30%	0.11%
T-Mobile US, Inc.TMUS	FTA +0.19 points	0.46%	0.27%
Prudential Financial, Inc.PRU	FTA +0.19 points	0.34%	0.15%
The Walt Disney CompanyDIS	VTV +0.18 points	0.51%	0.69%
Archer-Daniels-Midland CompanyADM	FTA +0.17 points	0.32%	0.15%
Aflac IncorporatedAFL	FTA +0.17 points	0.36%	0.19%
SempraSRE	FTA +0.17 points	0.36%	0.19%

All 187 FTA holdings⁠All 331 VTV 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.

FTA vs VTV Cost

Overpaying FTA vs VTV

$10,815

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

FTA 0.58%
$11,453
VTV 0.03%
$638

Amount$10,000

Years30 years

Cost over time

FTA 0.58%
VTV 0.03%
Overpaying

Year by year

Year	FTA	VTV	Overpaying
10	$1,041	$55	$986
20	$3,986	$216	$3,770
30	$11,453	$638	$10,815

Expense ratio

0.58%FTA
0.03%VTV, cheaper

VTV0.03%FTA0.58%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

VTV cheapest of 40 funds

FTA 36th cheapest of 40 funds

FTA vs VTV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FTA 1.68%; VTV 1.83%, better
Payout (12M): FTA $1.75; VTV $4.16
Last payment: FTA $0.53; VTV $1.02
Ex-dividend: FTA Sep 24, 2026; VTV Sep 28, 2026
Paid on: FTA Sep 30, 2026; VTV Sep 30, 2026
Frequency: FTA Quarterly; VTV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FTAQuarterly · 40 paymentsAll FTA payments⁠

VTVQuarterly · 39 paymentsAll VTV payments⁠

FTA vs VTV Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: FTA 13.5%VTV 11.3%, better
Return per unit of riskSharpe ratio, 3 years: FTA 1.14VTV 1.44, better
Worst fallMax drawdown, 5 years: FTA −19.8%VTV −17.0%, better
Market sensitivityBeta, 5 years: FTA 0.64VTV 0.69; Market = 1

FTA and VTV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026VTV
Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026VTV
Head-to-Head
VTV leads VYM over 10 years. The recent gap is one year
Oct 23, 2026VTV
Category Review
U.S. value funds beat the S&P 500 over the past year, but the funds did not move together
Updated Oct 21, 2026VTV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VTV
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026VTV

Popular comparisons

FTACvsSCHVA
First Trust Large Cap Value AlphaDEX Fund · Schwab U.S. Large-Cap Value ETF
Expense ratio
0.58% · 0.04%
Category
VTVAvsSCHVA
Vanguard Morningstar Value ETF · Schwab U.S. Large-Cap Value ETF
Expense ratio
0.03% · 0.04%
Category
FTACvsIUSVA
First Trust Large Cap Value AlphaDEX Fund · iShares Core S&P U.S. Value ETF
Expense ratio
0.58% · 0.04%
Category
VTVAvsIUSVA
Vanguard Morningstar Value ETF · iShares Core S&P U.S. Value ETF
Expense ratio
0.03% · 0.04%
Category
FTACvsIWDA
First Trust Large Cap Value AlphaDEX Fund · iShares Russell 1000 Value ETF
Expense ratio
0.58% · 0.18%
Category
VTVAvsIWDA
Vanguard Morningstar Value ETF · iShares Russell 1000 Value ETF
Expense ratio
0.03% · 0.18%
Category

FTA vs VTV

In short

Stated mandate

Why people hold it