JPUS vs VONV: Grades, Fees and Holdings Compared

JPMorgan Diversified Return U.S. Equity ETF

JPUSBNYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

30.5%by weight

Expense ratio

VONV −0.12pt a year

JPUS0.18%VONV0.06%

Avg volume · 30D

VONV 95.2×the volume

JPUS8.12KVONV774K

10Y return · a year

VONV +0.1pt

JPUS+11.9%VONV+12.0%

JPUS vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+57.2%JPUS+73.8%VONV

Expense ratio: JPUS 0.18%; VONV 0.06%, better
Fund size: JPUS $466M; VONV $23.3B
1Y total return: JPUS +19.7%; VONV +28.5%, better
Yield (12M): JPUS 2.00%, better; VONV 1.53%
Holdings: JPUS 370; VONV 873
Avg volume (30D): JPUS 8.12K sh; VONV 774K sh, better
NAV per share: JPUS $142.33; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for JPUS, VONV, with each pillar’s weight
Pillar	JPUS	VONV
Cost30% weight	A77	A96Higher
Mission25% weight	A78	A100Higher
Risk15% weight	A79	A86Higher
Tradability15% weight	D29	B60Higher
Holdings10% weight	A81Higher	C49
Durability5% weight	B63	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. JPUS 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 JPUS 25th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 25BFLRGFidelity U.S. Multifactor ETFScore 69
Rank 25BJPUSJPMorgan Diversified Return U.S. Equity ETFScore 69
Rank 25BQLCNorthern Trust US Quality Large Cap ETFScore 69

Our read on each fund

ETF.net Research

JPUSBJPMorgan Diversified Return U.S. Equity ETF

VONVAVanguard Russell 1000 Value ETF

In short

JPUS Most US equity funds start from market cap. JPUS starts from a J.P. Morgan index that spreads its bets across value, quality and momentum, and charges roughly half the typical multifactor fee to do it.

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

JPUS The fund seeks domestic equity exposure while aiming for better risk-adjusted returns than a market-cap-weighted index.

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

JPUS 0.18% a year against a 0.32% median for its multifactor peer group. The factor tilt costs less here than on most of the shelf.
Three factors (value, quality, momentum) spread across roughly 400 stocks, so no single style has to be in favor for the portfolio to do its job.jpmorgan.com
Running its own index since 2015, with a stated aim of better risk-adjusted returns than a market-cap-weighted benchmark rather than raw beat-the-market bragging.jpmorgan.com
The underlying basket is one of the better-built ones in its multifactor cohort, and the fund sits in the upper half of that group overall.

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

JPUS Thinly traded next to the household names in the category, so spreads and order size matter more at the moment you hit the button.
Plainer peers undercut it on fee: VONV at 0.06%, VYM at 0.04%. The multifactor machinery is what the extra basis points buy.
Built to look different from the cap-weighted market, which cuts both ways depending on which stocks are leading.

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 JPUS profile⁠

Full VONV profile⁠

JPUS vs VONV Holdings

How JPUS and VONV differ

Overlap by weight

30.5%

Shared holdings make up 89.8% of JPUS and 49.9% of VONV.

Level by level

Holdings328 in both30.5%
Sector11 Sectors76.1%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in JPUS and VONV, widest gap first
Sector	More in JPUSMore in VONV	JPUS	VONV
Technology	VONV +11.4 points	10.5%	21.9%
Financials	VONV +9.5 points	8.3%	17.9%
Real Estate	JPUS +7.2 points	10.7%	3.5%
Utilities	JPUS +6.3 points	9.7%	3.4%
Consumer Staples	JPUS +4.2 points	11.4%	7.2%
Materials	JPUS +3.5 points	6.8%	3.3%
Consumer Discretionary	VONV +2.0 points	8.4%	10.4%
Communication	JPUS +1.4 points	4.8%	3.4%
Health Care	VONV +0.9 points	12.5%	13.4%
Energy	JPUS +0.9 points	7.1%	6.2%
Industrials	JPUS +0.5 points	10.0%	9.5%

Country, concentration and asset class

Country by domicile

Country weights in JPUS and VONV, widest gap first
Country	More in JPUSMore in VONV	JPUS	VONV
United States	VONV +0.9 points	99.1%	100.0%
Switzerland	JPUS +0.7 points	0.7%	0.0%
Other countries (2)	JPUS +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

JPUS4.6%
VONV29.8%

Securities held

JPUS369
VONV871

Asset class

JPUS: Equity
VONV: Equity

Holdings

Only in JPUS41
In both328
Only in VONV543

Only in JPUS

41 securities, 10.2% of JPUS by weight

Halozyme Therapeutics0.46%
Simon Property Group Inc0.42%
Becton Dickinson & Co0.41%
Amphenol Corp Common0.38%
Lumentum Holdings Inc0.37%
Vivmark Residential Reit0.37%
NVIDIA Corp Common Stock0.36%
Expedia Group Inc Common0.35%
Broadcom Inc Common0.35%
Arista Networks Inc0.35%
Ciena Corp Common Stock0.34%
Quanta Services Inc0.34%
Cencora Inc Common Stock0.33%
Vylor Inc Common Stock0.33%
Vistra Corp Common Stock0.30%
Ubiquiti Inc0.30%
Medpace Holdings Inc0.29%
Darden Restaurants Inc0.28%
Applied Materials Inc0.28%
Steris PLC Common Stock0.27%
Caterpillar Inc Common0.26%
Viavi Solutions Inc0.26%
Lam Research Corp Common0.26%
Elevance Health Inc0.25%
Western Digital Corp0.25%
Tapestry Inc Common Stock0.24%
Kla Corp Common Stock USD0.23%
Globalstar Inc Common0.23%
JPMorgan U.s. Government0.20%
Carpenter Technology0.20%
Gap Inc/The Common Stock0.18%
Alphabet Inc-Cl A -0.17%
Qiagen NV Common Stock0.15%
Jbs NV Common Stock USD0.14%
Booking Holdings Inc0.12%
Applied Optoelectronics0.08%
Aura Minerals Inc Common0.08%
Fortune Brands0.06%
Everest Group Ltd Common<0.01%
Assured Guaranty Ltd<0.01%
Tpg Inc Right USD0.00%

Only in VONV

543 securities, 49.9% of VONV by weight

Amazon.com Inc6.09%
Microsoft Corp5.24%
JPMorgan Chase & Co2.43%
Intel Corp1.51%
Walmart Inc1.15%
Meta Platforms Inc0.80%
RTX Corp0.69%
Goldman Sachs Group Inc/The0.67%
Wells Fargo & Co0.67%
Costco Wholesale Corp0.63%
Morgan Stanley0.58%
Salesforce Inc0.50%
Walt Disney Co/The0.50%
Citigroup Inc0.50%
Abbott Laboratories0.47%
Deere & Co0.46%
McDonald's Corp0.45%
Blackrock Inc0.44%
Charles Schwab Corp/The0.41%
Dell Technologies Inc0.39%
Danaher Corp0.39%
Vertex Pharmaceuticals Inc0.37%
Uber Technologies Inc0.33%
S&P Global Inc0.32%
American Express Co0.31%
Equinix Inc0.27%
Stryker Corp0.26%
CME Group Inc0.26%
PNC Financial Services Group Inc/The0.25%
Emerson Electric Co0.24%
Intercontinental Exchange Inc0.23%
Johnson Controls International plc0.23%
Marsh & McLennan Cos Inc0.23%
Elevance Health Inc0.23%
Synopsys Inc0.22%
Constellation Energy Corp0.21%
Warner Bros Discovery Inc0.20%
Home Depot Inc/The0.20%
3M Co0.20%
SLB Ltd0.20%
Moderna Inc0.19%
Norfolk Southern Corp0.19%
General Motors Co0.19%
Honeywell International Inc0.18%
Automatic Data Processing Inc0.18%
Digital Realty Trust Inc0.18%
Boston Scientific Corp0.18%
Northrop Grumman Corp0.18%
HCA Healthcare Inc0.17%
Air Products and Chemicals Inc0.17%

Weight gaps

The 100 widest of 328 Holdings in both funds.

Holding weights in JPUS and VONV, widest gap first
Holding	More in JPUSMore in VONV	JPUS	VONV
Apple Inc Common StockAAPL	VONV +5.64 points	0.43%	6.07%
Berkshire Hathaway IncBRK.B	VONV +2.18 points	0.37%	2.55%
Exxonmobil Holdings CorpXOM	VONV +1.37 points	0.47%	1.84%
Johnson & Johnson CommonJNJ	VONV +1.35 points	0.40%	1.75%
Cisco Systems Inc CommonCSCO	VONV +0.82 points	0.35%	1.17%
UnitedHealth Group IncUNH	VONV +0.76 points	0.15%	0.91%
AbbVie Inc Common StockABBV	VONV +0.74 points	0.43%	1.17%
Merck & Co Inc CommonMRK	VONV +0.62 points	0.37%	0.99%
Bank of America CorpBAC	VONV +0.61 points	0.30%	0.91%
Chevron Corp Common StockCVX	VONV +0.59 points	0.45%	1.04%
The Procter & GamblePG	VONV +0.55 points	0.38%	0.93%
Thermo Fisher ScientificTMO	VONV +0.50 points	0.19%	0.69%
Apa Corp Common StockAPA	JPUS +0.46 points	0.49%	0.04%
Exelixis Inc Common StockEXEL	JPUS +0.44 points	0.47%	0.03%
Host Hotels & ResortsHST	JPUS +0.42 points	0.46%	0.04%
Permian ResourcesPR	JPUS +0.41 points	0.45%	0.04%
Macy's Inc Common StockM	JPUS +0.40 points	0.42%	0.02%
Pinnacle West CapitalPNW	JPUS +0.40 points	0.43%	0.03%
Lamar Advertising CoLAMR	JPUS +0.39 points	0.42%	0.03%
United Therapeutics CorpUTHR	JPUS +0.39 points	0.45%	0.06%
Skyworks Solutions IncSWKS	JPUS +0.38 points	0.42%	0.04%
The Coca-Cola CompanyKO	VONV +0.38 points	0.43%	0.81%
Ugi Corp Common StockUGI	JPUS +0.38 points	0.40%	0.02%
J M Smucker Co/The CommonSJM	JPUS +0.38 points	0.41%	0.03%
Williams-Sonoma IncWSM	JPUS +0.38 points	0.44%	0.06%
Iridium CommunicationsIRDM	JPUS +0.37 points	0.38%	<0.01%
Evergy Inc Common StockEVRG	JPUS +0.37 points	0.42%	0.05%
Tyson Foods Inc CommonTSN	JPUS +0.37 points	0.41%	0.04%
Omega HealthcareOHI	JPUS +0.37 points	0.41%	0.04%
Mckesson Corp CommonMCK	JPUS +0.36 points	0.38%	0.02%
Ww Grainger Inc CommonGWW	JPUS +0.37 points	0.39%	0.02%
Roku Inc Common Stock USDROKU	JPUS +0.37 points	0.37%	<0.01%
Edison InternationalEIX	JPUS +0.36 points	0.42%	0.06%
Philip MorrisPM	VONV +0.36 points	0.46%	0.82%
Tenet Healthcare CorpTHC	JPUS +0.35 points	0.41%	0.06%
International BusinessIBM	VONV +0.36 points	0.21%	0.57%
Kimco Realty Corp ReitKIM	JPUS +0.36 points	0.40%	0.04%
Quest Diagnostics IncDGX	JPUS +0.36 points	0.43%	0.07%
Royalty Pharma PLC CommonRPRX	JPUS +0.35 points	0.42%	0.07%
Oge Energy Corp CommonOGE	JPUS +0.35 points	0.38%	0.03%
Jones Lang Lasalle IncJLL	JPUS +0.35 points	0.39%	0.04%
Coca-Cola ConsolidatedCOKE	JPUS +0.35 points	0.38%	0.03%
Ralph Lauren Corp CommonRL	JPUS +0.35 points	0.36%	0.01%
Reliance Inc Common StockRS	JPUS +0.35 points	0.40%	0.05%
Clean Harbors Inc CommonCLH	JPUS +0.34 points	0.38%	0.04%
Church & Dwight Co IncCHD	JPUS +0.35 points	0.41%	0.06%
Netapp Inc Common StockNTAP	JPUS +0.34 points	0.41%	0.07%
Us Foods Holding CorpUSFD	JPUS +0.33 points	0.39%	0.06%
Monster Beverage CorpMNST	JPUS +0.33 points	0.42%	0.09%
Consolidated EdisonED	JPUS +0.34 points	0.44%	0.10%
First CitizensFCNCA	JPUS +0.33 points	0.38%	0.05%
Antero Midstream CorpAM	JPUS +0.33 points	0.35%	0.02%
Cf Industries HoldingsCF	JPUS +0.32 points	0.37%	0.05%
Aes Corp/The CommonAES	JPUS +0.32 points	0.35%	0.03%
Eversource Energy CommonES	JPUS +0.32 points	0.39%	0.07%
Echostar Corp CommonECHO	JPUS +0.32 points	0.32%	<0.01%
Southern Copper CorpSCCO	JPUS +0.32 points	0.36%	0.04%
Penske Automotive GroupPAG	JPUS +0.32 points	0.33%	<0.01%
Hf Sinclair Corp CommonDINO	JPUS +0.31 points	0.36%	0.04%
Viatris Inc Common StockVTRS	JPUS +0.31 points	0.37%	0.06%
Darling Ingredients IncDAR	JPUS +0.31 points	0.34%	0.03%
Mgic Investment CorpMTG	JPUS +0.32 points	0.33%	0.01%
Timken Co/The CommonTKR	JPUS +0.32 points	0.34%	0.02%
Regency Centers CorpREG	JPUS +0.31 points	0.35%	0.04%
Sysco Corp Common StockSYY	JPUS +0.32 points	0.37%	0.05%
Labcorp Holdings IncLH	JPUS +0.31 points	0.38%	0.07%
Jazz Pharmaceuticals PLCJAZZ	JPUS +0.31 points	0.35%	0.04%
Fastenal Co Common StockFAST	JPUS +0.31 points	0.34%	0.03%
Kimberly-Clark CorpKMB	JPUS +0.31 points	0.37%	0.06%
Exelon Corp Common StockEXC	JPUS +0.31 points	0.42%	0.11%
Nisource Inc Common StockNI	JPUS +0.31 points	0.36%	0.05%
National Fuel Gas CoNFG	JPUS +0.31 points	0.33%	0.02%
Brixmor Property GroupBRX	JPUS +0.31 points	0.33%	0.02%
Kraft Heinz Co/TheKHC	JPUS +0.31 points	0.36%	0.05%
Millicom InternationalTIGO	JPUS +0.31 points	0.33%	0.02%
Brown-Forman Corp CommonBF.B	JPUS +0.30 points	0.31%	<0.01%
Cubesmart Reit USD 0.01CUBE	JPUS +0.31 points	0.33%	0.02%
Marathon Petroleum CorpMPC	JPUS +0.30 points	0.46%	0.16%
Technipfmc PLC CommonFTI	JPUS +0.31 points	0.35%	0.04%
Linde PLC Common StockLIN	VONV +0.30 points	0.30%	0.60%
Ameren Corp Common StockAEE	JPUS +0.30 points	0.38%	0.08%
The Campbell's CompanyCPB	JPUS +0.30 points	0.31%	0.01%
Epr Properties Reit USDEPR	JPUS +0.30 points	0.31%	0.01%
Colgate-Palmolive CompanyCL	JPUS +0.29 points	0.40%	0.11%
Allison TransmissionALSN	JPUS +0.30 points	0.32%	0.02%
Popular Inc Common StockBPOP	JPUS +0.30 points	0.32%	0.02%
Devon Energy Corp CommonDVN	JPUS +0.29 points	0.43%	0.14%
Casey's General StoresCASY	JPUS +0.29 points	0.30%	<0.01%
Dillard's Inc CommonDDS	JPUS +0.29 points	0.30%	<0.01%
Cardinal Health IncCAH	JPUS +0.29 points	0.37%	0.08%
Dt Midstream Inc CommonDTM	JPUS +0.29 points	0.32%	0.03%
Wec Energy Group IncWEC	JPUS +0.29 points	0.38%	0.09%
Wp Carey Inc Reit USDWPC	JPUS +0.29 points	0.33%	0.04%
Element Solutions IncESI	JPUS +0.29 points	0.31%	0.02%
Msc Industrial Direct CoMSM	JPUS +0.28 points	0.30%	0.02%
Entergy Corp Common StockETR	JPUS +0.28 points	0.41%	0.13%
Royal Gold IncRGLD	JPUS +0.28 points	0.34%	0.06%
Firstenergy Corp CommonFE	JPUS +0.28 points	0.35%	0.07%
Anglogold Ashanti PLCAU	JPUS +0.28 points	0.29%	0.01%
Old RepublicORI	JPUS +0.28 points	0.30%	0.02%

All 369 JPUS 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.

JPUS vs VONV Cost

Overpaying JPUS vs VONV

$2,479

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

JPUS 0.18%
$3,749
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

JPUS 0.18%
VONV 0.06%
Overpaying

Year by year

Year	JPUS	VONV	Overpaying
10	$328	$110	$218
20	$1,281	$432	$849
30	$3,749	$1,270	$2,479

Expense ratio

0.18%JPUS
0.06%VONV, cheaper

VONV0.06%JPUS0.18%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

JPUS 24th cheapest of 99 funds

JPUS vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JPUS 2.00%, better; VONV 1.53%
Payout (12M): JPUS $2.85; VONV $1.74
Last payment: JPUS $0.73; VONV $0.42
Ex-dividend: JPUS Sep 22, 2026; VONV Sep 23, 2026
Paid on: JPUS Sep 24, 2026; VONV Sep 25, 2026
Frequency: JPUS Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

JPUSQuarterly · 36 paymentsAll JPUS payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

JPUS vs VONV Risk

Fall from peak · 5 years

JPUS
VONV

Risk facts

VolatilityStd dev, 3 years: JPUS 12.1%VONV 12.1%
Return per unit of riskSharpe ratio, 3 years: JPUS 1.11VONV 1.43, better
Worst fallMax drawdown, 5 years: JPUS −19.0%VONV −18.9%, better
Market sensitivityBeta, 5 years: JPUS 0.67VONV 0.85; Market = 1

JPUS 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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JPUS vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How JPUS and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JPUS

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 JPUS and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JPUS

Only in VONV

Weight gaps