IJK vs VONV: Grades, Fees and Holdings Compared

iShares S&P Mid-Cap 400 Growth ETF

IJKANYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

3.8%by weight

Expense ratio

VONV −0.10pt a year

IJK0.16%VONV0.06%

Avg volume · 30D

VONV 2.5×the volume

IJK313KVONV774K

10Y return · a year

VONV +1.2pt

IJK+10.8%VONV+12.0%

IJK vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+32.3%IJK+73.8%VONV

Expense ratio: IJK 0.16%; VONV 0.06%, better
Fund size: IJK $10.4B; VONV $23.3B
1Y total return: IJK +13.0%; VONV +28.5%, better
Yield (12M): IJK 0.59%; VONV 1.53%, better
Holdings: IJK 251; VONV 873
Avg volume (30D): IJK 313K sh; VONV 774K sh, better
NAV per share: IJK $107.94; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for IJK, VONV, with each pillar’s weight
Pillar	IJK	VONV
Cost30% weight	A83	A96Higher
Mission25% weight	A92	A100Higher
Risk15% weight	F22	A86Higher
Tradability15% weight	A88Higher	B60
Holdings10% weight	B69Higher	C49
Durability5% weight	A91	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. IJK 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 IJK 14th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 14AAVUSAvantis U.S. Equity ETFScore 75
Rank 14AIJKiShares S&P Mid-Cap 400 Growth ETFScore 75
Rank 16AFSMDFidelity Small-Mid Multifactor ETFScore 74

Our read on each fund

ETF.net Research

IJKAiShares S&P Mid-Cap 400 Growth ETF

VONVAVanguard Russell 1000 Value ETF

In short

IJK IJK splits the S&P MidCap 400 in half and keeps the growth side: roughly 250 mid-size US companies picked by the index's growth and momentum screen, for 0.16% a year. It has been doing exactly that since 2000.

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

IJK The fund seeks to track an index of U.S. mid-capitalization equities exhibiting growth characteristics.

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

IJK A 2000 vintage, which makes it one of the original style-box ETFs and now a multi-billion-dollar fund. Two decades of live history is rare in the factor aisle.
0.16% a year, roughly half the typical fee among the factor funds it competes with.
Growth here is a published rulebook, not a manager's hunch: S&P's own growth and momentum screen applied to the MidCap 400. The fund tracks that index closely, among the tighter trackers in its group.ishares.com
Mid caps are the slice most portfolios skip. This one covers about 250 of them, with cash paid out 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

IJK This is half the mid-cap market by design. The growth screen leaves the value side of the 400 on the table, so it is a tilt, not full mid-cap coverage.
Volatility is the trade-off. Mid-size companies screened for growth and momentum move more than a broad total-market fund, and that shows up in this fund's risk profile.
Volume is moderate rather than headline-grabbing, so spreads can widen on chunky orders.

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 IJK profile⁠

Full VONV profile⁠

IJK vs VONV Holdings

How IJK and VONV differ

Overlap by weight

3.8%

Shared holdings make up 70.2% of IJK and 3.8% of VONV.

Level by level

Holdings168 in both3.8%
Sector11 Sectors74.6%
Countryby domicile97.2%
Asset classEquity100%

Sector

Sector weights in IJK and VONV, widest gap first
Sector	More in IJKMore in VONV	IJK	VONV
Industrials	IJK +18.9 points	28.4%	9.5%
Financials	VONV +9.3 points	8.6%	17.9%
Consumer Staples	VONV +5.8 points	1.4%	7.2%
Health Care	IJK +3.6 points	17.0%	13.4%
Energy	VONV +3.2 points	3.0%	6.2%
Technology	VONV +3.1 points	18.8%	21.9%
Real Estate	IJK +2.2 points	5.7%	3.5%
Consumer Discretionary	VONV +1.7 points	8.7%	10.4%
Utilities	VONV +1.3 points	2.1%	3.4%
Communication	VONV +1.0 points	2.4%	3.4%
Materials	IJK +0.6 points	3.9%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in IJK and VONV, widest gap first
Country	More in IJKMore in VONV	IJK	VONV
United States	VONV +2.8 points	97.2%	100.0%
United Kingdom	IJK +2.0 points	1.9%	0.0%
Other countries (3)	IJK +0.8 points	0.8%	0.0%

Concentration

Weight in the 10 largest Holdings

IJK13.5%
VONV29.8%

Securities held

IJK247
VONV871

Asset class

IJK: Equity
VONV: Equity

Holdings

Only in IJK79
In both168
Only in VONV703

Only in IJK

79 securities, 29.7% of IJK by weight

Ati1.31%
Xpo1.29%
Woodward1.05%
Macom Technology Solutions0.95%
Toast Class A0.95%
Halozyme Therapeutics0.86%
Medpace Holdings0.86%
Carpenter Technology0.82%
Penumbra0.73%
Fabrinet0.68%
Mastec Inc0.68%
Brightspring Health Services Inc0.66%
Sterling Infrastructure0.62%
Sitime0.60%
Moog Inc Class A0.58%
Rambus0.53%
Burlington Stores0.53%
Brinker International Inc0.53%
Krystal Biotech0.52%
Manhattan Associates0.51%
Digitalocean Holdings0.51%
Caretrust Reit0.50%
Healthequity0.50%
Semtech0.48%
Interdigital Inc0.47%
Lattice Semiconductor0.45%
Qualys0.45%
Corcept Therapeutics0.45%
Viavi Solutions0.43%
Firstcash Holdings Inc0.42%
Valaris Ltd0.40%
Formfactor Inc0.40%
Hims Hers Health Class A0.34%
Enersys0.34%
Ormat Tech Inc0.32%
Celsius Holdings0.31%
Appfolio Class A0.30%
Solstice Advanced Materials Inc0.30%
Sabra Health Care Reit0.29%
Autoliv0.28%
Option Care Health Inc0.28%
Vicor0.28%
Cytokinetics0.28%
Aaon0.27%
Lantheus Holdings0.26%
Livanova PLC0.25%
Commvault Systems0.24%
Federated Hermes Inc Class B0.24%
Wingstop0.24%
Planet Fitness Inc Class A0.23%

Only in VONV

703 securities, 96.0% 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

The 100 widest of 168 Holdings in both funds.

Holding weights in IJK and VONV, widest gap first
Holding	More in IJKMore in VONV	IJK	VONV
Okta Class AOKTA	IJK +1.91 points	2.01%	0.10%
Technipfmc PLCFTI	IJK +1.53 points	1.57%	0.04%
United TherapeuticsUTHR	IJK +1.43 points	1.49%	0.06%
Tenet Healthcare CorpTHC	IJK +1.22 points	1.28%	0.06%
Roku Class AROKU	IJK +1.19 points	1.19%	<0.01%
Nvent Electric PLCNVT	IJK +1.15 points	1.19%	0.04%
Royal GoldRGLD	IJK +1.07 points	1.13%	0.06%
Curtiss WrightCW	IJK +0.99 points	1.02%	0.03%
Itt IncITT	IJK +0.98 points	1.03%	0.05%
Exelixis IncEXEL	IJK +0.97 points	1.00%	0.03%
Api GroupAPG	IJK +0.95 points	0.99%	0.04%
Dynatrace IncDT	IJK +0.93 points	0.97%	0.04%
Rb GlobalRBA	IJK +0.93 points	0.97%	0.04%
Talen EnergyTLN	IJK +0.88 points	0.89%	0.01%
Neurocrine BiosciencesNBIX	IJK +0.85 points	0.86%	<0.01%
Caci International Inc Class ACACI	IJK +0.83 points	0.87%	0.04%
Somnigroup InternationalSGI	IJK +0.82 points	0.85%	0.03%
Rbc BearingsRBC	IJK +0.81 points	0.85%	0.04%
Jazz Pharmaceuticals PLCJAZZ	IJK +0.78 points	0.82%	0.04%
Guidewire SoftwareGWRE	IJK +0.77 points	0.79%	0.02%
Five BelowFIVE	IJK +0.76 points	0.78%	0.02%
Encompass HealthEHC	IJK +0.75 points	0.78%	0.03%
Coeur MiningCDE	IJK +0.73 points	0.78%	0.05%
Bwx Technologies IncBWXT	IJK +0.70 points	0.70%	<0.01%
Texas Roadhouse IncTXRH	IJK +0.68 points	0.70%	0.02%
Coca Cola ConsolidatedCOKE	IJK +0.66 points	0.69%	0.03%
Elanco Animal HealthELAN	IJK +0.64 points	0.67%	0.03%
Roivant Sciences LtdROIV	IJK +0.62 points	0.67%	0.05%
Ensign GroupENSG	IJK +0.58 points	0.61%	0.03%
Nutanix Class ANTNX	IJK +0.58 points	0.63%	0.05%
Lincoln Electric HoldingsLECO	IJK +0.57 points	0.60%	0.03%
New York Times Class ANYT	IJK +0.56 points	0.59%	0.03%
FlowserveFLS	IJK +0.55 points	0.58%	0.03%
Tetra TechTTEK	IJK +0.56 points	0.58%	0.02%
Affiliated Managers GroupAMG	IJK +0.54 points	0.57%	0.03%
Watts Water Technologies Class AWTS	IJK +0.53 points	0.56%	0.03%
MksMKSI	IJK +0.52 points	0.56%	0.04%
Advanced Energy IndustriesAEIS	IJK +0.52 points	0.52%	<0.01%
DocusignDOCU	IJK +0.51 points	0.54%	0.03%
Ttm Technologies IncTTMI	IJK +0.51 points	0.51%	<0.01%
Hecla MiningHL	IJK +0.50 points	0.53%	0.03%
Dt MidstreamDTM	IJK +0.50 points	0.53%	0.03%
SanminaSANM	IJK +0.50 points	0.52%	0.02%
Entegris IncENTG	IJK +0.49 points	0.55%	0.06%
East West BancorpEWBC	IJK +0.48 points	0.53%	0.05%
Globus Medical Class AGMED	IJK +0.49 points	0.51%	0.02%
Arrowhead PharmaceuticalsARWR	IJK +0.48 points	0.49%	<0.01%
Mueller Industries IncMLI	IJK +0.47 points	0.51%	0.04%
Lamar Advertising Company ClasLAMR	IJK +0.45 points	0.48%	0.03%
Spx Technologies IncSPXC	IJK +0.45 points	0.47%	0.02%
Kinsale Capital Group IncKNSL	IJK +0.44 points	0.46%	0.02%
Kratos Defense and Security SolutiKTOS	IJK +0.43 points	0.45%	0.02%
Nextpower IncNXT	IJK +0.43 points	0.46%	0.03%
HubspotHUBS	IJK +0.42 points	0.42%	<0.01%
Clean Harbors IncCLH	IJK +0.41 points	0.45%	0.04%
TransunionTRU	IJK +0.42 points	0.45%	0.03%
W. P. Carey ReitWPC	IJK +0.41 points	0.45%	0.04%
Omega Healthcare Investors ReitOHI	IJK +0.41 points	0.45%	0.04%
Paylocity Holding CorpPCTY	IJK +0.40 points	0.42%	0.02%
Agnc Investment ReitAGNC	IJK +0.40 points	0.43%	0.03%
First Industrial Realty TrustFR	IJK +0.40 points	0.42%	0.02%
Antero MidstreamAM	IJK +0.40 points	0.41%	0.02%
Renaissancere HoldingRNR	IJK +0.39 points	0.43%	0.04%
American Healthcare ReitAHR	IJK +0.38 points	0.41%	0.03%
Dycom Industries IncDY	IJK +0.39 points	0.40%	0.01%
Evercore Class AEVR	IJK +0.36 points	0.39%	0.03%
Equitable HoldingsEQH	IJK +0.36 points	0.38%	0.02%
Sun Communities Reit IncSUI	IJK +0.35 points	0.39%	0.04%
Eastgroup Properties ReitEGP	IJK +0.36 points	0.39%	0.03%
Exlservice HoldingsEXLS	IJK +0.36 points	0.37%	0.01%
Churchill DownsCHDN	IJK +0.35 points	0.36%	0.01%
AcuityAYI	IJK +0.34 points	0.37%	0.03%
DonaldsonDCI	IJK +0.34 points	0.37%	0.03%
Biomarin PharmaceuticalBMRN	IJK +0.35 points	0.38%	0.03%
Carlisle CompaniesCSL	IJK +0.34 points	0.37%	0.03%
Sei InvestmentsSEIC	IJK +0.34 points	0.37%	0.03%
NewmarketNEU	IJK +0.33 points	0.35%	0.02%
Ul Solutions Inc Class AULS	IJK +0.33 points	0.34%	<0.01%
HexcelHXL	IJK +0.33 points	0.34%	0.01%
RepligenRGEN	IJK +0.33 points	0.36%	0.03%
Pinterest Class APINS	IJK +0.33 points	0.35%	0.02%
Applied Industrial TechnologiesAIT	IJK +0.32 points	0.35%	0.03%
Equity Lifestyle Properties Reit IELS	IJK +0.31 points	0.34%	0.03%
Ollies Bargain Outlet HoldingsOLLI	IJK +0.31 points	0.32%	0.01%
Hyatt Hotels Corp Class AH	IJK +0.30 points	0.30%	<0.01%
Stifel FinancialSF	IJK +0.29 points	0.32%	0.03%
ServiceSCI	IJK +0.29 points	0.32%	0.03%
GracoGGG	IJK +0.29 points	0.32%	0.03%
Sotera Health CompanySHC	IJK +0.29 points	0.30%	0.01%
Dropbox Inc Class ADBX	IJK +0.29 points	0.30%	0.01%
Advanced Drainage Systems IncWMS	IJK +0.29 points	0.31%	0.02%
Rpm International IncRPM	IJK +0.28 points	0.31%	0.03%
PrimericaPRI	IJK +0.27 points	0.29%	0.02%
Gaming and Leisure Properties ReitGLPI	IJK +0.27 points	0.30%	0.03%
CraneCR	IJK +0.26 points	0.29%	0.03%
AerovironmentAVAV	IJK +0.27 points	0.28%	0.01%
Cullen Frost BankersCFR	IJK +0.26 points	0.28%	0.02%
Valmont IndsVMI	IJK +0.26 points	0.28%	0.02%
National Fuel GasNFG	IJK +0.25 points	0.27%	0.02%
Travel LeisureTNL	IJK +0.25 points	0.26%	<0.01%

All 249 IJK 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.

IJK vs VONV Cost

Overpaying IJK vs VONV

$2,072

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

IJK 0.16%
$3,342
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

IJK 0.16%
VONV 0.06%
Overpaying

Year by year

Year	IJK	VONV	Overpaying
10	$292	$110	$182
20	$1,141	$432	$709
30	$3,342	$1,270	$2,072

Expense ratio

0.16%IJK
0.06%VONV, cheaper

VONV0.06%IJK0.16%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

IJK 22nd cheapest of 99 funds

IJK vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IJK 0.59%; VONV 1.53%, better
Payout (12M): IJK $0.64; VONV $1.74
Last payment: IJK $0.19; VONV $0.42
Ex-dividend: IJK Sep 15, 2026; VONV Sep 23, 2026
Paid on: IJK Sep 18, 2026; VONV Sep 25, 2026
Frequency: IJK Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IJKQuarterly · 39 paymentsAll IJK payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

IJK vs VONV Risk

Fall from peak · 5 years

IJK
VONV

Risk facts

VolatilityStd dev, 3 years: IJK 16.0%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: IJK 0.79VONV 1.43, better
Worst fallMax drawdown, 5 years: IJK −29.2%VONV −18.9%, better
Market sensitivityBeta, 5 years: IJK 1.07VONV 0.85; Market = 1

IJK 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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IJK vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How IJK and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IJK

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 IJK and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IJK

Only in VONV

Weight gaps