FYX vs VONV: Grades, Fees and Holdings Compared

First Trust Small Cap Core AlphaDEX Fund

FYXBNasdaq

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

0.3%by weight

Expense ratio

VONV −0.52pt a year

FYX0.58%VONV0.06%

Avg volume · 30D

VONV 22.2×the volume

FYX34.9KVONV774K

10Y return · a year

FYX +0.6pt

FYX+12.6%VONV+12.0%

FYX vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+53.6%FYX+73.8%VONV

Expense ratio: FYX 0.58%; VONV 0.06%, better
Fund size: FYX $1.38B; VONV $23.3B
1Y total return: FYX +27.5%; VONV +28.5%, better
Yield (12M): FYX 1.10%; VONV 1.53%, better
Holdings: FYX 526; VONV 873
Avg volume (30D): FYX 34.9K sh; VONV 774K sh, better
NAV per share: FYX $138.29; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for FYX, VONV, with each pillar’s weight
Pillar	FYX	VONV
Cost30% weight	F19	A96Higher
Mission25% weight	A94	A100Higher
Risk15% weight	C40	A86Higher
Tradability15% weight	B61Higher	B60
Holdings10% weight	A86Higher	C49
Durability5% weight	A70	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. FYX 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 FYX 48th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 48BCOWSAmplify Cash Flow Dividend Leaders ETFScore 56
Rank 48BFYXFirst Trust Small Cap Core AlphaDEX FundScore 56
Rank 50CCSMProShares Large Cap Core PlusScore 55

Our read on each fund

ETF.net Research

FYXBFirst Trust Small Cap Core AlphaDEX Fund

VONVAVanguard Russell 1000 Value ETF

In short

FYX A smart-beta original, running since 2007. Rather than owning small caps by market size, FYX ranks them on growth and value screens and holds roughly 500 that make the cut. Rules-based stock selection, priced like the screen it runs.

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

FYX The Fund seeks returns that generally correspond to the price and yield of the Nasdaq AlphaDEX Small Cap Core 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

FYX Running since 2007, one of the longest-tenured rules-based factor funds in small caps, and today a multi-billion-dollar fund.
The AlphaDEX screen ranks small caps on growth and value, then buys what passes. Stock selection by rulebook, not a market-cap list.ftportfolios.com
Roughly 500 holdings, so no single name drives the fund even after the screen narrows the field.
Has stayed tight to the Nasdaq AlphaDEX Small Cap Core Index it targets, and distributes quarterly.

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

FYX The 0.58% fee sits well above factor peers like FNDX (0.25%) and VONV (0.06%). The screen carries the burden of that gap.
Trades thinner than the headline small-cap funds, which makes bid-ask spreads worth watching.
The screen reshuffles which small caps it owns, so it can diverge sharply from a plain market-cap small-cap index in either direction.

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 FYX profile⁠

Full VONV profile⁠

FYX vs VONV Holdings

How FYX and VONV differ

Overlap by weight

0.3%

Shared holdings make up 7.4% of FYX and 0.3% of VONV.

Level by level

Holdings37 in both0.3%
Sector11 Sectors86.1%
Asset classEquity100%
Countryby domicile99.5%

Sector

Sector weights in FYX and VONV, widest gap first
Sector	More in FYXMore in VONV	FYX	VONV
Technology	VONV +10.1 points	11.8%	21.9%
Consumer Discretionary	FYX +3.6 points	14.0%	10.4%
Real Estate	FYX +3.0 points	6.5%	3.5%
Financials	FYX +2.5 points	20.4%	17.9%
Health Care	FYX +2.4 points	15.8%	13.4%
Industrials	FYX +2.1 points	11.6%	9.5%
Consumer Staples	VONV +1.8 points	5.4%	7.2%
Utilities	VONV +1.6 points	1.8%	3.4%
Energy	VONV +0.4 points	5.8%	6.2%
Materials	FYX +0.1 points	3.4%	3.3%
Communication	FYX +0.1 points	3.5%	3.4%

Country, concentration and asset class

Country by domicile

Country weights in FYX and VONV, widest gap first
Country	More in FYXMore in VONV	FYX	VONV
United States	VONV +0.5 points	99.5%	100.0%
Brazil	FYX +0.2 points	0.2%	0.0%
United Kingdom	FYX +0.2 points	0.2%	0.0%
Taiwan	FYX +0.1 points	0.1%	0.0%
Singapore	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

FYX4.0%
VONV29.8%

Securities held

FYX525
VONV871

Asset class

FYX: Equity
VONV: Equity

Holdings

Only in FYX488
In both37
Only in VONV834

Only in FYX

488 securities, 92.6% of FYX by weight

Appian Corporation0.43%
DXC Technology Company0.42%
CareDx, Inc.0.41%
Kohl's Corporation0.40%
Stagwell Inc.0.39%
Harley-Davidson, Inc.0.39%
Slide Insurance Holdings, Inc.0.38%
Amplitude, Inc. (Class A)0.38%
Academy Sports and Outdoors, Inc.0.38%
FIGS, Inc. (Class A)0.38%
First Advantage Corporation0.37%
MAXIMUS, Inc.0.37%
Comstock Resources, Inc.0.37%
Heartflow, Inc.0.36%
Everforth Incorporated0.36%
Asbury Automotive Group, Inc.0.35%
Pebblebrook Hotel Trust0.35%
NMI Holdings, Inc. (Class A)0.35%
Flowers Foods, Inc.0.35%
Flywire Corporation0.34%
Septerna, Inc.0.34%
PROG Holdings Inc.0.34%
Xeris Biopharma Holdings, Inc.0.34%
G-III Apparel Group, Ltd.0.34%
Tenable Holdings, Inc.0.34%
Gulfport Energy Corporation0.34%
Sally Beauty Holdings, Inc.0.34%
American Eagle Outfitters, Inc.0.34%
Vistance Networks Inc.0.34%
Braze, Inc. (Class A)0.34%
MillerKnoll Inc.0.34%
BJ's Restaurants, Inc.0.33%
AtriCure, Inc.0.33%
Group 1 Automotive, Inc.0.33%
Avista Corporation0.33%
The Pennant Group, Inc.0.33%
Atlanticus Holdings Corporation0.33%
SiriusPoint Ltd.0.33%
Fortrea Holdings Inc.0.33%
Hamilton Insurance Group, Ltd. (Class B)0.33%
Encore Capital Group, Inc.0.32%
Bread Financial Holdings, Inc.0.32%
AMN Healthcare Services, Inc.0.32%
Clover Health Investments, Corp.0.32%
Resideo Technologies, Inc.0.32%
Yelp Inc.0.32%
Bristow Group Inc.0.32%
Delek US Holdings, Inc.0.32%
Graham Holdings Company0.32%
Dole plc0.32%

Only in VONV

834 securities, 99.5% of VONV by weight

Amazon.com Inc6.09%
Apple Inc6.07%
Microsoft Corp5.24%
Berkshire Hathaway Inc2.55%
JPMorgan Chase & Co2.43%
ExxonMobil Holdings Corp1.84%
Johnson & Johnson1.75%
Intel Corp1.51%
AbbVie Inc1.17%
Cisco Systems Inc1.17%
Walmart Inc1.15%
Chevron Corp1.04%
Merck & Co Inc0.99%
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%
QUALCOMM Inc0.53%
Verizon Communications Inc0.53%
Gilead Sciences Inc0.51%
Salesforce Inc0.50%
Walt Disney Co/The0.50%
Citigroup Inc0.50%
Analog Devices Inc0.49%
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%
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%

Weight gaps

All 37 Holdings in both funds, largest gap first.

Holding weights in FYX and VONV, widest gap first
Holding	More in FYXMore in VONV	FYX	VONV
Mattel, Inc.MAT	FYX +0.36 points	0.37%	0.01%
Post Holdings, Inc.POST	FYX +0.34 points	0.35%	<0.01%
Thor Industries, Inc.THO	FYX +0.32 points	0.33%	<0.01%
Assured Guaranty Ltd.AGO	FYX +0.31 points	0.32%	<0.01%
Seaboard CorporationSEB	FYX +0.30 points	0.30%	<0.01%
Graphic Packaging Holding CompanyGPK	FYX +0.29 points	0.30%	<0.01%
Whirlpool CorporationWHR	FYX +0.29 points	0.30%	<0.01%
Columbia Sportswear CompanyCOLM	FYX +0.29 points	0.29%	<0.01%
Olin CorporationOLN	FYX +0.28 points	0.28%	<0.01%
Kilroy Realty CorpKRC	FYX +0.26 points	0.27%	0.01%
Bath & Body Works, Inc.BBWI	FYX +0.25 points	0.26%	<0.01%
People Inc.PPLI	FYX +0.25 points	0.26%	<0.01%
The Western Union CompanyWU	FYX +0.25 points	0.26%	<0.01%
MDU Resources Group, Inc.MDU	FYX +0.25 points	0.26%	0.01%
Howard Hughes Holdings Inc.HHH	FYX +0.24 points	0.25%	<0.01%
Euronet Worldwide, Inc.EEFT	FYX +0.24 points	0.25%	<0.01%
Kyndryl Holdings, Inc.KD	FYX +0.22 points	0.23%	<0.01%
Universal Display CorporationOLED	FYX +0.19 points	0.20%	<0.01%
YETI Holdings, Inc.YETI	FYX +0.19 points	0.20%	<0.01%
First Hawaiian, Inc.FHB	FYX +0.18 points	0.19%	<0.01%
Schneider National, Inc. (Class B)SNDR	FYX +0.17 points	0.17%	<0.01%
FTI Consulting, Inc.FCN	FYX +0.16 points	0.17%	0.01%
Medical Properties Trust, Inc.MPT	FYX +0.16 points	0.16%	<0.01%
SiteOne Landscape Supply, Inc.SITE	FYX +0.14 points	0.15%	0.01%
Freshpet, Inc.FRPT	FYX +0.13 points	0.14%	<0.01%
Dolby Laboratories, Inc.DLB	FYX +0.12 points	0.13%	<0.01%
Envista Holdings CorporationNVST	FYX +0.11 points	0.12%	0.01%
Grand Canyon Education, Inc.LOPE	FYX +0.11 points	0.12%	<0.01%
Bright Horizons Family Solutions Inc.BFAM	FYX +0.10 points	0.11%	<0.01%
PVH Corp.PVH	FYX +0.06 points	0.07%	<0.01%
Shift4 Payments, Inc. (Class A)FOUR	FYX +0.07 points	0.07%	<0.01%
Doximity, Inc. (Class A)DOCS	FYX +0.06 points	0.07%	<0.01%
CCC Intelligent Solutions Holdings Inc.CCC	FYX +0.06 points	0.07%	0.01%
BILL Holdings, Inc.BILL	FYX +0.06 points	0.07%	0.01%
Lazard, Inc. (Class A)LAZ	FYX +0.05 points	0.06%	<0.01%
IPG Photonics CorporationIPGP	FYX +0.05 points	0.06%	<0.01%
Primoris Services CorporationPRIM	FYX +0.05 points	0.06%	0.01%

All 525 FYX 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.

FYX vs VONV Cost

Overpaying FYX vs VONV

$10,183

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

FYX 0.58%
$11,453
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

FYX 0.58%
VONV 0.06%
Overpaying

Year by year

Year	FYX	VONV	Overpaying
10	$1,041	$110	$931
20	$3,986	$432	$3,554
30	$11,453	$1,270	$10,183

Expense ratio

0.58%FYX
0.06%VONV, cheaper

VONV0.06%FYX0.58%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

FYX 79th cheapest of 99 funds

FYX vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FYX 1.10%; VONV 1.53%, better
Payout (12M): FYX $1.52; VONV $1.74
Last payment: FYX $0.51; VONV $0.42
Ex-dividend: FYX Sep 24, 2026; VONV Sep 23, 2026
Paid on: FYX Sep 30, 2026; VONV Sep 25, 2026
Frequency: FYX Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FYXQuarterly · 37 paymentsAll FYX payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

FYX vs VONV Risk

Fall from peak · 5 years

FYX
VONV

Risk facts

VolatilityStd dev, 3 years: FYX 18.9%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: FYX 0.99VONV 1.43, better
Worst fallMax drawdown, 5 years: FYX −27.9%VONV −18.9%, better
Market sensitivityBeta, 5 years: FYX 1.08VONV 0.85; Market = 1

FYX 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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FYX vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How FYX and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FYX

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 FYX and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FYX

Only in VONV

Weight gaps