QSML vs VONV: Grades, Fees and Holdings Compared

WisdomTree U.S. SmallCap Quality Growth Fund

QSMLCNasdaq

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

0.5%by weight

Expense ratio

VONV −0.32pt a year

QSML0.38%VONV0.06%

Avg volume · 30D

VONV 137.4×the volume

QSML5.63KVONV774K

QSML vs VONV Performance

Oct 31, 2025 – Oct 30, 2026

+22.7%QSML+28.5%VONV

Expense ratio: QSML 0.38%; VONV 0.06%, better
Fund size: QSML $13M; VONV $23.3B
1Y total return: QSML +22.7%; VONV +28.5%, better
Yield (12M): QSML 0.52%; VONV 1.53%, better
Holdings: QSML 377; VONV 873
Avg volume (30D): QSML 5.63K sh; VONV 774K sh, better
NAV per share: QSML $34.39; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for QSML, VONV, with each pillar’s weight
Pillar	QSML	VONV
Cost30% weight	D38	A96Higher
Mission25% weight	A90	A100Higher
Risk15% weight	F23	A86Higher
Tradability15% weight	F21	B60Higher
Holdings10% weight	A80Higher	C49
Durability5% weight	D30	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. QSML 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 QSML 66th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 66COMFSInvesco Russell 2000 Dynamic Multifactor ETFScore 49
Rank 66CQSMLWisdomTree U.S. SmallCap Quality Growth FundScore 49
Rank 66CROSCHartford Multifactor Small Cap ETFScore 49

Our read on each fund

ETF.net Research

QSMLCWisdomTree U.S. SmallCap Quality Growth Fund

VONVAVanguard Russell 1000 Value ETF

In short

QSML Small-cap indexes are stuffed with companies that don't earn money. QSML screens the US small-cap field on growth and profitability, keeps the top 30% of scorers, and leaves out banks, utilities and real estate by rule. Roughly 400 names, market-cap weighted.

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

QSML The Fund uses passive indexing and representative sampling to track, before fees and expenses, the price and yield performance of the WisdomTree U.S. SmallCap Quality Growth Index. It normally invests at least 80% of net assets in index constituents issued by small-cap U.S. companies.

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

QSML Ranks the small-cap universe on equally weighted growth and quality scores and keeps only the top 30%, leaving out the unprofitable story stocks that fill broad small-cap indexes.wisdomtree.com sec.gov
Real estate, utilities and banks are excluded by rule, tilting the portfolio toward operating businesses instead of rate-sensitive balance sheets.wisdomtree.com
Roughly 400 holdings, market-cap weighted, with at least 80% of assets in index constituents and rules published in advance. No manager hunches.

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

QSML The 0.38% fee runs above the median for US multifactor ETFs, and large-cap factor staples like ILCV (0.04%) and VONV (0.06%) charge a fraction of it.
Launched in 2024, still small and thinly traded: spreads can be wider than in the giant small-cap funds, and small young funds sometimes close.
Skipping banks, utilities and real estate, plus the growth tilt, means the sector mix can sit far from broad small-cap benchmarks in either direction.wisdomtree.com

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 QSML profile⁠

Full VONV profile⁠

QSML vs VONV Holdings

How QSML and VONV differ

Overlap by weight

0.5%

Shared holdings make up 22.3% of QSML and 0.5% of VONV.

Level by level

Holdings47 in both0.5%
Sector11 Sectors86.5%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in QSML and VONV, widest gap first
Sector	More in QSMLMore in VONV	QSML	VONV
Consumer Discretionary	QSML +6.2 points	16.6%	10.4%
Technology	QSML +3.6 points	25.5%	21.9%
Real Estate	VONV +3.4 points	0.1%	3.5%
Utilities	VONV +3.3 points	0.1%	3.4%
Industrials	QSML +3.2 points	12.7%	9.5%
Financials	VONV +3.1 points	14.8%	17.9%
Energy	VONV +1.8 points	4.4%	6.2%
Materials	VONV +1.2 points	2.1%	3.3%
Communication	VONV +0.7 points	2.7%	3.4%
Health Care	QSML +0.4 points	13.8%	13.4%
Consumer Staples	Same weight	7.2%	7.2%

Country, concentration and asset class

Country by domicile

Country weights in QSML and VONV, widest gap first
Country	More in QSMLMore in VONV	QSML	VONV
United States	VONV +0.6 points	99.4%	100.0%
India	QSML +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

QSML7.0%
VONV29.8%

Securities held

QSML376
VONV871

Asset class

QSML: Equity
VONV: Equity

Holdings

Only in QSML329
In both47
Only in VONV824

Only in QSML

329 securities, 77.7% of QSML by weight

Tg Therapeutics Inc0.82%
Abercrombie & Fitch Co0.77%
Qualys Inc0.69%
Victory Capital Holding - A0.65%
Zeta Global Holdings Corp-A0.65%
CommVault Systems Inc0.63%
Essent Group Ltd0.63%
Ligand Pharmaceuticals Inc0.61%
frontdoor Inc0.60%
Impinj Inc0.59%
Selective Insurance Group0.58%
Installed Building Products Inc0.57%
ACI Worldwide Inc0.57%
Box Inc - Class A0.56%
Victoria's Secret & Co0.55%
Herc Holdings Inc0.55%
Hims & Hers Health Inc0.54%
Haemonetics Corp/Mass0.54%
Mercury General Corp0.53%
Balchem Corp0.53%
Cheesecake Factory Inc/The0.52%
International Seaways Inc0.52%
Merit Medical Systems Inc0.52%
Choice Hotels International Inc0.51%
Xometry Inc-A0.51%
Option Care Health Inc0.51%
Tenable Holdings Inc0.50%
Chewy Inc - Class A0.49%
Appfolio Inc0.48%
Ptc Therapeutics Inc0.48%
Pricesmart Inc0.48%
Acushnet Holdings Corp0.47%
Hannon Armstrong Sustainable0.47%
Warner Music Group Corp-Cl A0.47%
CSW Industrials Inc0.47%
Braze Inc-A0.47%
Sezzle Inc0.46%
Skyline Corp0.46%
Griffon Corp0.45%
Planet Fitness Inc - Cl A0.45%
Cavco Industries Inc0.45%
Laureate Education Inc-A0.45%
Moelis & Co - Cl A0.44%
Irhythm Technologies Inc0.44%
Piper Sandler Cos0.44%
Kontoor Brands Inc0.44%
Brink's Co/The0.43%
Indivior Pharmaceuticals Inc0.43%
Clear Secure Inc -Class A0.43%
CCC Intelligent Solutions Hldgs0.43%

Only in VONV

824 securities, 99.3% 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 47 Holdings in both funds, largest gap first.

Holding weights in QSML and VONV, widest gap first
Holding	More in QSMLMore in VONV	QSML	VONV
Epam Systems IncEPAM	QSML +0.76 points	0.78%	0.02%
elf Beauty IncELF	QSML +0.68 points	0.70%	0.02%
Gitlab Inc-Cl AGTLB	QSML +0.68 points	0.70%	0.02%
Genpact LtdG	QSML +0.64 points	0.65%	0.01%
H&R Block IncHRB	QSML +0.62 points	0.63%	0.01%
MarketAxess Holdings IncMKTX	QSML +0.61 points	0.63%	0.02%
Lyft Inc-ALYFT	QSML +0.61 points	0.62%	0.01%
ExlService Holdings IncEXLS	QSML +0.60 points	0.61%	0.01%
Science Applications International CorpSAIC	QSML +0.58 points	0.59%	0.01%
Uipath Inc - Class APATH	QSML +0.58 points	0.59%	0.01%
Dropbox Inc-Class ADBX	QSML +0.56 points	0.57%	0.01%
Ryan Specialty Holdings IncRYAN	QSML +0.55 points	0.56%	<0.01%
Trex Co IncTREX	QSML +0.55 points	0.56%	0.01%
Ringcentral Inc-Class ARNG	QSML +0.55 points	0.56%	0.01%
Ollie'S Bargain Outlet HoldiOLLI	QSML +0.54 points	0.55%	0.01%
RLI CorpRLI	QSML +0.54 points	0.55%	0.01%
White Mountains Insurance GPWTM	QSML +0.54 points	0.55%	0.01%
Pegasystems IncPEGA	QSML +0.53 points	0.54%	<0.01%
Vail Resorts IncMTN	QSML +0.52 points	0.52%	<0.01%
Siteone Landscape Supply IncSITE	QSML +0.51 points	0.52%	0.01%
DuolingoDUOL	QSML +0.49 points	0.51%	0.02%
Bath & Body Works IncBBWI	QSML +0.49 points	0.50%	<0.01%
Sotera Health CoSHC	QSML +0.50 points	0.51%	0.01%
FTI Consulting IncFCN	QSML +0.49 points	0.50%	0.01%
Reynolds Consumer Products IncREYN	QSML +0.49 points	0.49%	<0.01%
Vontier CorpVNT	QSML +0.48 points	0.49%	0.01%
Iridium Communications IncIRDM	QSML +0.46 points	0.47%	<0.01%
Bill Holdings IncBILL	QSML +0.45 points	0.46%	0.01%
ESAB CorpESAB	QSML +0.41 points	0.42%	0.01%
Post Holdings IncPOST	QSML +0.41 points	0.42%	<0.01%
Doximity Inc-Class ADOCS	QSML +0.41 points	0.42%	<0.01%
Virtu Financial Inc-Class AVIRT	QSML +0.40 points	0.41%	0.01%
Universal Display CorpOLED	QSML +0.40 points	0.41%	<0.01%
Valvoline IncVVV	QSML +0.40 points	0.40%	<0.01%
Gentex CorpGNTX	QSML +0.39 points	0.40%	0.01%
Grand Canyon Education IncLOPE	QSML +0.38 points	0.39%	<0.01%
Hamilton Lane IncHLNE	QSML +0.36 points	0.37%	<0.01%
Lazard IncLAZ	QSML +0.34 points	0.35%	<0.01%
SLM CorpSLM	QSML +0.34 points	0.35%	0.01%
Freshpet IncFRPT	QSML +0.33 points	0.34%	<0.01%
Yeti Holdings IncYETI	QSML +0.31 points	0.32%	<0.01%
Assured Guaranty LtdAGO	QSML +0.30 points	0.31%	<0.01%
Bright Horizons Family Solutions IncBFAM	QSML +0.29 points	0.30%	<0.01%
Shift4 Payments Inc-Class AFOUR	QSML +0.27 points	0.27%	<0.01%
Klaviyo Inc-AKVYO	QSML +0.24 points	0.24%	<0.01%
Euronet Worldwide IncEEFT	QSML +0.21 points	0.22%	<0.01%
UWM Holdings CorpUWMC	QSML +0.02 points	0.02%	<0.01%

All 363 QSML 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.

QSML vs VONV Cost

Overpaying QSML vs VONV

$6,436

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

QSML 0.38%
$7,706
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

QSML 0.38%
VONV 0.06%
Overpaying

Year by year

Year	QSML	VONV	Overpaying
10	$688	$110	$578
20	$2,658	$432	$2,226
30	$7,706	$1,270	$6,436

Expense ratio

0.38%QSML
0.06%VONV, cheaper

VONV0.06%QSML0.38%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

QSML 62nd cheapest of 99 funds

QSML vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QSML 0.52%; VONV 1.53%, better
Payout (12M): QSML $0.18; VONV $1.74
Last payment: QSML $0.18; VONV $0.42
Ex-dividend: QSML Dec 26, 2025; VONV Sep 23, 2026
Paid on: QSML Dec 30, 2025; VONV Sep 25, 2026
Frequency: QSML Annual; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QSMLAnnual · 3 paymentsAll QSML payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

QSML vs VONV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QSML 18.2%since Feb 2024VONV 12.1%
Return per unit of riskSharpe ratio, 3 years: QSML 0.54since Feb 2024VONV 1.43
Worst fallMax drawdown, 5 years: QSML −28.5%since Jan 2024VONV −18.9%
Market sensitivityBeta, 5 years: QSML 1.09VONV 0.85; Market = 1

QSML 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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