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HERD vs VONV

Pacer Cash Cows Fund of Funds ETF

HERDDNasdaq

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

Expense ratio

VONV −0.68pt a year

HERD0.74%VONV0.06%

Avg volume · 30D

VONV 181.1×the volume

HERD4.27KVONV774K

5Y return · a year

VONV +0.6pt

HERD+11.1%VONV+11.7%

HERD vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+69.6%HERD+73.8%VONV

Oct 29, 2021 to Oct 30, 2026. HERD +69.6%. VONV +73.8%. Use the arrow keys to read each point.−20%0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
HERD 0.74%
VONV 0.06%, better
Fund size
HERD $105M
VONV $23.3B
1Y total return
HERD +23.7%
VONV +28.5%, better
Yield (12M)
HERD 3.37%, better
VONV 1.53%
Holdings
HERD 6
VONV 873
Avg volume (30D)
HERD 4.27K sh
VONV 774K sh, better
NAV per share
HERD $51.16
VONV $113.44
52W range

ETF.net Grade

HERD: Cost 4, Risk 65, Mission 76, Tradability 34, Holdings 23, Durability 28. VONV: Cost 96, Risk 86, Mission 100, Tradability 60, Holdings 49, Durability 93.
Pillar letters and Scores for HERD, VONV, with each pillar’s weight
PillarHERDVONV
Cost30% weightF4A96Higher
Mission25% weightA76A100Higher
Risk15% weightB65A86Higher
Tradability15% weightD34B60Higher
Holdings10% weightF23C49Higher
Durability5% weightD28A93Higher

Rank among US Multifactor funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. HERD 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 HERD 87th of 99 funds in the US Multifactor Category.

  1. Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
  2. Rank 2AILCViShares Morningstar Value ETFScore 81
  3. Rank 86DPALCPacer Lunt Large Cap Multi-Factor Alternator ETFScore 39
  4. Rank 87DHERDPacer Cash Cows Fund of Funds ETFScore 38
  5. Rank 88DPSAIPacer S&P 500 3AI Top 100 ETFScore 37

Our read on each fund

ETF.net Research

HERDDPacer Cash Cows Fund of Funds ETF

VONVAVanguard Russell 1000 Value ETF

In short

HERD One ticket for Pacer's entire free-cash-flow lineup: five Cash Cows ETFs at 20% each, spanning US large caps, small caps, growth, global dividend payers and developed international. The price for that bundling is 0.74%.

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

HERD The Fund seeks to track, before fees and expenses, the total return of the Pacer Cash Cows Fund of Funds Index. It is composed of Pacer Cash Cows ETFs, whose underlying indexes use rules-based cash-flow strategies.

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

  • HERD Five rules-based cash-flow strategies in one holding, targeted at 20% apiece: US large and mid caps, US small caps, US growth, global dividend payers and developed international.paceretfs.com
  • Plain plumbing: an index of index funds, each screening a named universe (Russell 1000, S&P US SmallCap, FTSE Developed ex-US) for high free cash flow yield.paceretfs.com
  • Running since 2019, so the free-cash-flow bundle has a live record rather than a backtest, with the same published rulebook the whole way.
  • 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

  • HERD Fee stacking: the 0.74% total (no waiver) is mostly the underlying ETFs' own fees plus a wrapper management fee, and it sits above the category median. VYM charges 0.04%.sec.gov
  • One idea applied five ways. Every sleeve screens on free cash flow, so this is a single-factor portfolio in a diversified coat, not a multi-factor blend.paceretfs.com
  • It is one of the lighter-traded names in its category, so spreads and limit-order discipline matter more here than with the giant index funds it competes against.
  • 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 HERD profile⁠

Full VONV profile⁠

HERD vs VONV Holdings

As of
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.

HERD vs VONV Cost

Overpaying HERD vs VONV

$13,037

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

  • HERD 0.74%

    $14,307

  • VONV 0.06%

    $1,270

$10,000
30 years

Cost over time

  • HERD 0.74%
  • VONV 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530HERD $14,307VONV $1,270

Year by year

YearHERDVONVOverpaying
10$1,319$110$1,209
20$5,015$432$4,583
30$14,307$1,270$13,037

Expense ratio

  • 0.74%HERD
  • 0.06%VONV, cheaper
  • Middle half of US Multifactor funds
  • Median 0.29%

VONV 4th cheapest of 99 funds

HERD 96th cheapest of 99 funds

HERD vs VONV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
HERD 3.37%, better
VONV 1.53%
Payout (12M)
HERD $1.72
VONV $1.74
Last payment
HERD $0.55
VONV $0.42
Ex-dividend
HERD Sep 4, 2026
VONV Sep 23, 2026
Paid on
HERD Sep 9, 2026
VONV Sep 25, 2026
Frequency
HERD Twice a year
VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

HERDTwice a year · 28 paymentsAll HERD payments⁠
One bar per payment. 28 payments from 2017 to 2026 YTD. Jun 26, 2019 $0.14; Sep 25, 2019 $0.16; Dec 27, 2019 $0.14; Mar 24, 2020 $0.11; Jun 23, 2020 $0.07; Sep 22, 2020 $0.20; Dec 22, 2020 $0.16; Mar 23, 2021 $0.07; Jun 22, 2021 $0.10; Sep 24, 2021 $0.28; Dec 27, 2021 $0.27; Mar 25, 2022 $0.14; Jun 24, 2022 $0.18; Sep 23, 2022 $0.24; Dec 23, 2022 $0.24; Mar 24, 2023 $0.11; Jun 23, 2023 $0.27; Sep 22, 2023 $0.37; Dec 28, 2023 $0.21; Mar 22, 2024 $0.14; Jun 28, 2024 $0.45; Sep 27, 2024 $0.16; Dec 30, 2024 $0.16; Mar 7, 2025 $0.11; Jun 6, 2025 $0.16; Sep 5, 2025 $0.19; Dec 31, 2025 $1.17; Sep 4, 2026 $0.55. Use the arrow keys to read each point.$0$12017202020232026YTD
VONVQuarterly · 39 paymentsAll VONV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.21; Jun 28, 2017 $0.29; Sep 27, 2017 $0.34; Dec 14, 2017 $0.34; Mar 22, 2018 $0.24; Jun 28, 2018 $0.32; Sep 26, 2018 $0.33; Dec 13, 2018 $0.35; Mar 25, 2019 $0.29; Jun 21, 2019 $0.32; Sep 26, 2019 $0.38; Dec 16, 2019 $0.39; Mar 26, 2020 $0.36; Jun 25, 2020 $0.32; Sep 11, 2020 $0.28; Dec 17, 2020 $0.39; Mar 26, 2021 $0.26; Jun 29, 2021 $0.27; Sep 29, 2021 $0.33; Dec 16, 2021 $0.37; Mar 24, 2022 $0.30; Jun 29, 2022 $0.37; Sep 28, 2022 $0.38; Dec 15, 2022 $0.42; Mar 23, 2023 $0.32; Jun 23, 2023 $0.35; Sep 21, 2023 $0.39; Dec 19, 2023 $0.46; Mar 21, 2024 $0.33; Jun 27, 2024 $0.39; Sep 26, 2024 $0.44; Dec 23, 2024 $0.44; Mar 25, 2025 $0.38; Jun 20, 2025 $0.40; Sep 24, 2025 $0.40; Dec 22, 2025 $0.49; Mar 24, 2026 $0.41; Jun 18, 2026 $0.41; Sep 23, 2026 $0.42. Use the arrow keys to read each point.$0$12017202020232026YTD

HERD vs VONV Risk

Fall from peak · 5 years

  • HERD
  • VONV
Oct 29, 2021 to Oct 30, 2026. Worst fall: HERD −21.6% · Sep 2022. Use the arrow keys to read each point.−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
HERD 12.9%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years
HERD 1.03VONV 1.43, better
Worst fallMax drawdown, 5 years
HERD −21.6%VONV −18.9%, better
Market sensitivityBeta, 5 years
HERD 0.71VONV 0.85

HERD and VONV in the news

All news⁠

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