QARP vs VONV: Grades, Fees and Holdings Compared

Xtrackers Russell 1000 US Quality at a Reasonable Price ETF

QARPBNYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

50.3%by weight

Expense ratio

VONV −0.13pt a year

QARP0.19%VONV0.06%

Avg volume · 30D

VONV 554.1×the volume

QARP1.4KVONV774K

5Y return · a year

QARP +0.2pt

QARP+11.9%VONV+11.7%

QARP vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+75.4%QARP+73.8%VONV

Expense ratio: QARP 0.19%; VONV 0.06%, better
Fund size: QARP $79M; VONV $23.3B
1Y total return: QARP +20.3%; VONV +28.5%, better
Yield (12M): QARP 1.00%; VONV 1.53%, better
Holdings: QARP 415; VONV 873
Avg volume (30D): QARP 1.4K sh; VONV 774K sh, better
NAV per share: QARP $68.82; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for QARP, VONV, with each pillar’s weight
Pillar	QARP	VONV
Cost30% weight	A71	A96Higher
Mission25% weight	B66	A100Higher
Risk15% weight	A77	A86Higher
Tradability15% weight	F15	B60Higher
Holdings10% weight	C44	C49Higher
Durability5% weight	C43	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. QARP 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 QARP 43rd of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 42BQGROAmerican Century U.S. Quality Growth ETFScore 59
Rank 43BQARPXtrackers Russell 1000 US Quality at a Reasonable Price ETFScore 58
Rank 44BFLQMFranklin U.S. Mid Cap Multifactor Index ETFScore 57

Our read on each fund

ETF.net Research

QARPBXtrackers Russell 1000 US Quality at a Reasonable Price ETF

VONVAVanguard Russell 1000 Value ETF

In short

QARP Value funds buy cheap, quality funds buy sturdy. QARP wants both in one Russell 1000 screen: roughly 400 large caps chosen on quality and value together, single names capped at 5%, at well under the typical factor-fund price.

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

QARP The Fund uses a passive indexing approach to seek results corresponding generally to the Russell 1000 2Qual/Val 5% Capped Factor Index, which selects large-cap U.S. companies using quality and value 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

QARP 0.19% a year against a 0.32% median for US multifactor funds. The cheap end of a category that likes to charge up for its factor math.
One screen, two jobs. Quality and value are applied together, so the cheap-for-a-reason names a pure value sleeve drags in get filtered.
A 5% cap per position across about 400 holdings keeps any single megacap from quietly becoming the fund.
Running since 2018 as a straight passive index tracker, and it sits in the upper half of its multifactor peer group.

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

QARP Thinly traded. Limit orders matter here, and spreads can run wider than at category giants like VONV or FNDX.
A small fund by category standards, which means less scale behind it than the multibillion-dollar names it competes with.
Quality and value tilts can trail a plain large-cap index for long stretches. That is the trade for not owning the market as-is.

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 QARP profile⁠

Full VONV profile⁠

QARP vs VONV Holdings

How QARP and VONV differ

Overlap by weight

50.3%

Shared holdings make up 77.4% of QARP and 63.6% of VONV.

Level by level

Holdings337 in both50.3%
Sector11 Sectors85.8%
Asset classEquity100%
Countryby domicile99.7%

Sector

Sector weights in QARP and VONV, widest gap first
Sector	More in QARPMore in VONV	QARP	VONV
Communication	QARP +6.9 points	10.3%	3.4%
Financials	VONV +5.4 points	12.5%	17.9%
Technology	QARP +2.7 points	24.6%	21.9%
Real Estate	VONV +2.6 points	0.9%	3.5%
Consumer Staples	QARP +2.5 points	9.7%	7.2%
Utilities	VONV +2.3 points	1.1%	3.4%
Industrials	VONV +1.7 points	7.8%	9.5%
Consumer Discretionary	VONV +1.6 points	8.8%	10.4%
Health Care	QARP +1.0 points	14.4%	13.4%
Energy	QARP +1.1 points	7.3%	6.2%
Materials	VONV +0.7 points	2.6%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in QARP and VONV, widest gap first
Country	More in QARPMore in VONV	QARP	VONV
United States	VONV +0.3 points	99.7%	100.0%
Switzerland	QARP +0.2 points	0.2%	0.0%
Ireland	QARP +0.1 points	0.1%	0.0%
Canada	Same weight	0.0%	0.0%
India	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

QARP31.8%
VONV29.8%

Securities held

QARP414
VONV871

Asset class

QARP: Equity
VONV: Equity

Holdings

Only in QARP77
In both337
Only in VONV534

Only in QARP

77 securities, 22.1% of QARP by weight

NVIDIA Corp2.51%
Visa Inc-Class A Shares2.30%
Mastercard Inc-Class A1.90%
Alphabet Class A1.51%
Alphabet Class C1.24%
Accenture Ltd-Cl A1.05%
Applied Materials Inc1.00%
Lam Research Corp0.82%
Booking Holdings Inc0.59%
GE Vernova0.55%
Netflix Inc0.51%
Lockheed Martin Corp0.46%
Micron Technology0.45%
Anthem Inc0.39%
Arista Networks Inc0.38%
Caterpillar Inc0.37%
Simon Property Group Inc0.36%
AmerisourceBergen Corp0.33%
Kla-Tencor Corp0.29%
Airbnb Inc0.29%
Trane Technologies Plc0.27%
Intuitive Surgical Inc0.25%
Eaton Corp PLC0.25%
Anglogold Ashanti PLC0.21%
Expedia Inc0.21%
Cintas Corp0.20%
Medtronic plc0.18%
Chipotle Mexican Grill Inc0.17%
Vylor Inc0.17%
Fortinet Inc0.16%
EMCOR Group Inc0.16%
Tesla0.14%
Schlumberger Ltd0.13%
Crh PLC0.13%
Comfort Systems USA Inc0.12%
Johnson Controls International PLC0.11%
Darden Restaurants0.09%
Autodesk Inc0.08%
Smurfit Westrock PLC0.08%
Royal Caribbean Cruises Ltd0.08%
Texas Instruments Inc0.08%
DexCom0.08%
Medpace Holdings Inc0.08%
Vistra Energy Corp0.08%
Coupang Inc Class A0.08%
Applovin Corp0.07%
Monolithic Power Systems Inc0.06%
Becton Dickinson & Co0.06%
Carvana0.05%
NRG Energy Inc0.05%

Only in VONV

534 securities, 36.3% of VONV by weight

JPMorgan Chase & Co2.43%
AbbVie Inc1.17%
Bank of America Corp0.91%
Coca-Cola Co/The0.81%
Thermo Fisher Scientific Inc0.69%
RTX Corp0.69%
Goldman Sachs Group Inc/The0.67%
Wells Fargo & Co0.67%
Linde PLC0.60%
Morgan Stanley0.58%
International Business Machines Corp0.57%
Citigroup Inc0.50%
Welltower Inc0.46%
Blackrock Inc0.44%
NextEra Energy Inc0.43%
Charles Schwab Corp/The0.41%
Dell Technologies Inc0.39%
Eaton Corp PLC0.39%
Danaher Corp0.39%
Prologis Inc0.34%
Parker-Hannifin Corp0.33%
Chubb Ltd0.31%
American Express Co0.31%
Accenture PLC0.31%
Medtronic PLC0.30%
Equinix Inc0.27%
Stryker Corp0.26%
CME Group Inc0.26%
Bank of New York Mellon Corp/The0.25%
US Bancorp0.25%
PNC Financial Services Group Inc/The0.25%
CSX Corp0.24%
Intercontinental Exchange Inc0.23%
Hewlett Packard Enterprise Co0.23%
Johnson Controls International plc0.23%
Williams Cos Inc/The0.23%
Elevance Health Inc0.23%
Warner Bros Discovery Inc0.20%
SLB Ltd0.20%
Moderna Inc0.19%
Norfolk Southern Corp0.19%
Ecolab Inc0.19%
Honeywell International Inc0.18%
Amgen Inc0.18%
Digital Realty Trust Inc0.18%
American Electric Power Co Inc0.18%
Air Products and Chemicals Inc0.17%
Kinder Morgan Inc0.16%
Arthur J Gallagher & Co0.16%
Truist Financial Corp0.16%

Weight gaps

The 100 widest of 337 Holdings in both funds.

Holding weights in QARP and VONV, widest gap first
Holding	More in QARPMore in VONV	QARP	VONV
Amazon.com IncAMZN	VONV +4.11 points	1.98%	6.09%
Meta Platform Inc Class AMETA	QARP +3.18 points	3.98%	0.80%
McKesson CorpMCK	QARP +1.58 points	1.60%	0.02%
Intel CorpINTC	VONV +1.48 points	0.03%	1.51%
Costco Wholesale CorpCOST	QARP +1.27 points	1.90%	0.63%
Wal-Mart Stores IncWMT	QARP +1.14 points	2.29%	1.15%
Exxonmobil Hldgs Corp NpvXOM	QARP +0.99 points	2.83%	1.84%
Progressive CorpPGR	QARP +0.78 points	1.11%	0.33%
Berkshire Hathaway Inc-CL BBRK.B	QARP +0.64 points	3.19%	2.55%
Adobe Systems IncADBE	QARP +0.59 points	0.67%	0.08%
Apple IncAAPL	VONV +0.59 points	5.48%	6.07%
Altria Group IncMO	QARP +0.54 points	0.85%	0.31%
Johnson & JohnsonJNJ	QARP +0.51 points	2.26%	1.75%
TJX CompaniesTJX	QARP +0.47 points	0.69%	0.22%
Analog Devices IncADI	VONV +0.46 points	0.03%	0.49%
Cigna CorpCI	QARP +0.46 points	0.66%	0.20%
ConocoPhillipsCOP	QARP +0.44 points	0.86%	0.42%
Procter & Gamble CoPG	QARP +0.41 points	1.34%	0.93%
McDonald's CorpMCD	VONV +0.40 points	0.05%	0.45%
Deere & CoDE	VONV +0.40 points	0.06%	0.46%
Regeneron PharmaceuticalsREGN	QARP +0.39 points	0.60%	0.21%
EOG Resources IncEOG	QARP +0.38 points	0.58%	0.20%
Uber Technologies IncUBER	QARP +0.38 points	0.71%	0.33%
Pfizer IncPFE	VONV +0.37 points	0.08%	0.45%
Newmont Mining CorpNEM	QARP +0.37 points	0.70%	0.33%
Ross Stores IncROST	QARP +0.32 points	0.35%	0.03%
UnitedHealth Group IncUNH	QARP +0.30 points	1.21%	0.91%
HCA Healthcare IncHCA	QARP +0.29 points	0.46%	0.17%
PepsicoPEP	VONV +0.28 points	0.14%	0.42%
PayPal Holdings IncPYPL	QARP +0.28 points	0.36%	0.08%
Allstate CorpALL	QARP +0.26 points	0.42%	0.16%
Microsoft CorpMSFT	VONV +0.25 points	4.99%	5.24%
Cardinal Health IncCAH	QARP +0.24 points	0.32%	0.08%
Phillips 66PSX	VONV +0.22 points	0.04%	0.26%
AT&T IncT	QARP +0.22 points	0.67%	0.45%
WW Grainger IncGWW	QARP +0.22 points	0.24%	0.02%
Comcast Corp-CL ACMCSA	QARP +0.21 points	0.42%	0.21%
KrogerKR	QARP +0.21 points	0.30%	0.09%
Union Pacific CorpUNP	VONV +0.20 points	0.21%	0.41%
Lowe's Cos IncLOW	VONV +0.19 points	0.09%	0.28%
Valero Energy CorpVLO	VONV +0.20 points	0.07%	0.27%
Humana IncHUM	QARP +0.19 points	0.32%	0.13%
Verizon Communications IncVZ	QARP +0.19 points	0.72%	0.53%
Chevron CorpCVX	QARP +0.19 points	1.23%	1.04%
Colgate-PalmoliveCL	QARP +0.18 points	0.29%	0.11%
Moody's CorpMCO	QARP +0.18 points	0.28%	0.10%
Best Buy Co IncBBY	QARP +0.18 points	0.23%	0.05%
Synopsys IncSNPS	VONV +0.17 points	0.05%	0.22%
3M CoMMM	VONV +0.18 points	0.02%	0.20%
Fastenal CoFAST	QARP +0.17 points	0.20%	0.03%
Abbott LaboratoriesABT	QARP +0.18 points	0.65%	0.47%
Merck & Co IncMRK	QARP +0.17 points	1.16%	0.99%
Automatic Data ProcessADP	QARP +0.17 points	0.35%	0.18%
T Rowe Price Group IncTROW	QARP +0.16 points	0.22%	0.06%
Walt Disney CoDIS	VONV +0.16 points	0.34%	0.50%
Southern CoSO	VONV +0.15 points	0.11%	0.26%
Cisco Systems IncCSCO	VONV +0.15 points	1.02%	1.17%
Zoetis IncZTS	QARP +0.15 points	0.17%	0.02%
PulteGroup IncPHM	QARP +0.15 points	0.21%	0.06%
Dollar General CorpDG	QARP +0.15 points	0.22%	0.07%
Centene CorpCNC	QARP +0.14 points	0.22%	0.08%
United Parcel Service Inc-CL BUPS	QARP +0.14 points	0.30%	0.16%
Williams-Sonoma IncWSM	QARP +0.14 points	0.20%	0.06%
Devon Energy CorpDVN	QARP +0.14 points	0.28%	0.14%
CF Industries HoldingsCF	QARP +0.13 points	0.18%	0.05%
Cognizant Technology Solutions-ACTSH	QARP +0.14 points	0.21%	0.07%
Dollar Tree IncDLTR	QARP +0.13 points	0.19%	0.06%
Marsh & McLennan Cos IncMRSH	QARP +0.13 points	0.36%	0.23%
Emerson Electric CoEMR	VONV +0.13 points	0.11%	0.24%
Ulta Salon Cosmetics & FragrULTA	QARP +0.13 points	0.18%	0.05%
NVR IncNVR	QARP +0.12 points	0.15%	0.03%
PACCAR IncPCAR	VONV +0.13 points	0.03%	0.16%
S&P GlobalSPGI	VONV +0.12 points	0.20%	0.32%
QUALCOMM IncQCOM	QARP +0.12 points	0.65%	0.53%
Delta Air Lines IncDAL	QARP +0.12 points	0.25%	0.13%
eBay IncEBAY	QARP +0.12 points	0.21%	0.09%
Duke Energy CorpDUK	VONV +0.11 points	0.13%	0.24%
Arch Capital GpACGL	QARP +0.12 points	0.20%	0.08%
Expeditors InternationalEXPD	QARP +0.11 points	0.18%	0.07%
Illinois Tool Works IncITW	QARP +0.11 points	0.25%	0.14%
United Therapeutics CorpUTHR	QARP +0.11 points	0.17%	0.06%
Chesapeake Energy CorpEXE	QARP +0.10 points	0.15%	0.05%
Synchrony FinancialSYF	QARP +0.11 points	0.17%	0.06%
Constellation Energy CorpCEG	VONV +0.10 points	0.11%	0.21%
Wabtec CorpWAB	VONV +0.10 points	0.03%	0.13%
CVS Health CorpCVS	QARP +0.10 points	0.40%	0.30%
General Dynamics CorpGD	QARP +0.10 points	0.33%	0.23%
IDEXX Laboratories IncIDXX	QARP +0.09 points	0.11%	0.02%
TechnipFMC LtdFTI	QARP +0.09 points	0.13%	0.04%
Gilead Sciences IncGILD	VONV +0.09 points	0.42%	0.51%
BJ's Wholesale Club Holdings IncBJ	QARP +0.09 points	0.12%	0.03%
DR Horton IncDHI	QARP +0.09 points	0.18%	0.09%
Lennar Corp-ALEN	QARP +0.09 points	0.12%	0.03%
salesforce.com IncCRM	QARP +0.09 points	0.59%	0.50%
Monster Beverage CorpMNST	QARP +0.08 points	0.17%	0.09%
Nucor CorpNUE	QARP +0.09 points	0.23%	0.14%
IntuitINTU	QARP +0.08 points	0.22%	0.14%
Boston Scientific CorpBSX	VONV +0.09 points	0.09%	0.18%
Reliance Steel & Aluminum CoRS	QARP +0.08 points	0.13%	0.05%
Travelers Cos Inc/TheTRV	VONV +0.08 points	0.12%	0.20%

All 415 QARP 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.

QARP vs VONV Cost

Overpaying QARP vs VONV

$2,682

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

QARP 0.19%
$3,952
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

QARP 0.19%
VONV 0.06%
Overpaying

Year by year

Year	QARP	VONV	Overpaying
10	$347	$110	$237
20	$1,351	$432	$919
30	$3,952	$1,270	$2,682

Expense ratio

0.19%QARP
0.06%VONV, cheaper

VONV0.06%QARP0.19%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

QARP 26th cheapest of 99 funds

QARP vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QARP 1.00%; VONV 1.53%, better
Payout (12M): QARP $0.68; VONV $1.74
Last payment: QARP $0.18; VONV $0.42
Ex-dividend: QARP Sep 18, 2026; VONV Sep 23, 2026
Paid on: QARP Sep 25, 2026; VONV Sep 25, 2026
Frequency: QARP Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QARPQuarterly · 34 paymentsAll QARP payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

QARP vs VONV Risk

Fall from peak · 5 years

QARP
VONV

Risk facts

VolatilityStd dev, 3 years: QARP 10.8%, betterVONV 12.1%
Return per unit of riskSharpe ratio, 3 years: QARP 1.43VONV 1.43
Worst fallMax drawdown, 5 years: QARP −22.8%VONV −18.9%, better
Market sensitivityBeta, 5 years: QARP 0.80VONV 0.85; Market = 1

QARP 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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QARP vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How QARP and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QARP

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 QARP and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QARP

Only in VONV

Weight gaps