SHRY vs VONV: Grades, Fees and Holdings Compared

First Trust Bloomberg Shareholder Yield ETF

SHRYDNasdaq

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

16.8%by weight

Expense ratio

VONV −0.54pt a year

SHRY0.60%VONV0.06%

Avg volume · 30D

VONV 1575.4×the volume

SHRY491VONV774K

5Y return · a year

VONV +2.4pt

SHRY+9.3%VONV+11.7%

SHRY vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+55.7%SHRY+73.8%VONV

Expense ratio: SHRY 0.60%; VONV 0.06%, better
Fund size: SHRY $17M; VONV $23.3B
1Y total return: SHRY +18.0%; VONV +28.5%, better
Yield (12M): SHRY 1.54%, better; VONV 1.53%
Holdings: SHRY 51; VONV 873
Avg volume (30D): SHRY 491 sh; VONV 774K sh, better
NAV per share: SHRY $48.30; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for SHRY, VONV, with each pillar’s weight
Pillar	SHRY	VONV
Cost30% weight	F15	A96Higher
Mission25% weight	D29	A100Higher
Risk15% weight	B69	A86Higher
Tradability15% weight	D37	B60Higher
Holdings10% weight	D35	C49Higher
Durability5% weight	C45	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. SHRY 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 SHRY 90th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 89DTHLVTHOR Equal Weight Low Volatility ETFScore 34
Rank 90DSHRYFirst Trust Bloomberg Shareholder Yield ETFScore 33
Rank 91DBRNYBurney U.S. Factor Rotation ETFScore 32

Our read on each fund

ETF.net Research

SHRYDFirst Trust Bloomberg Shareholder Yield ETF

VONVAVanguard Russell 1000 Value ETF

In short

SHRY SHRY tracks Bloomberg's Shareholder Yield Index: about 50 US stocks, rules-based, paid out quarterly. A concentrated take on the cash-back-to-owners theme, priced at 0.60% in an aisle stocked with cheaper options.

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

SHRY The Fund seeks to track the price and yield of the Bloomberg Shareholder Yield Index before fees and expenses. It normally invests at least 80% of net assets in securities comprising that 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

SHRY Concentrated by design: about 50 US names drawn from the Bloomberg Shareholder Yield Index, not a 500-stock blend where a single good idea gets diluted to a rounding error.
Rules-based and legible: a 1940 Act ETF that normally keeps at least 80% of net assets in its named index's securities. The recipe is published, not improvised.
Cash arrives on a schedule (quarterly), and the fund has been live since 2017, so there are years of real-world results to inspect instead of a backtest.

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

SHRY Cost is the headwind: 0.60% a year against a 0.32% median for its multifactor peer group, with cohort anchors like VYM (0.04%) and FNDX (0.25%) sitting far below.
A small asset base and light trading volume tend to mean wider bid-ask spreads, so more of the cost shows up in the trade itself.
With roughly 50 holdings, individual names and sector tilts carry real weight, and results can drift from a broad US index in either direction.

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 SHRY profile⁠

Full VONV profile⁠

SHRY vs VONV Holdings

How SHRY and VONV differ

Overlap by weight

16.8%

Shared holdings make up 87.8% of SHRY and 28.4% of VONV.

Level by level

Holdings42 in both16.8%
Sector11 Sectors79.5%
Countryby domicile96.3%
Asset classEquity100%

Sector

Sector weights in SHRY and VONV, widest gap first
Sector	More in SHRYMore in VONV	SHRY	VONV
Communication	SHRY +10.1 points	13.5%	3.4%
Consumer Discretionary	VONV +5.2 points	5.2%	10.4%
Industrials	VONV +4.3 points	5.2%	9.5%
Technology	SHRY +3.5 points	25.4%	21.9%
Real Estate	VONV +3.5 points	0.0%	3.5%
Utilities	VONV +3.4 points	0.0%	3.4%
Financials	SHRY +2.9 points	20.8%	17.9%
Consumer Staples	SHRY +2.8 points	10.0%	7.2%
Materials	VONV +2.4 points	0.9%	3.3%
Health Care	VONV +1.8 points	11.6%	13.4%
Energy	SHRY +1.2 points	7.4%	6.2%

Country, concentration and asset class

Country by domicile

Country weights in SHRY and VONV, widest gap first
Country	More in SHRYMore in VONV	SHRY	VONV
United States	VONV +3.7 points	96.3%	100.0%
Switzerland	SHRY +2.3 points	2.3%	0.0%
China	SHRY +1.5 points	1.5%	0.0%

Concentration

Weight in the 10 largest Holdings

SHRY34.6%
VONV29.8%

Securities held

SHRY50
VONV871

Asset class

SHRY: Equity
VONV: Equity

Holdings

Only in SHRY8
In both42
Only in VONV829

Only in SHRY

8 securities, 12.2% of SHRY by weight

Expedia Group, Inc.3.12%
Booking Holdings Inc.2.43%
Lockheed Martin Corporation2.20%
Visa Inc. (Class A)1.48%
TE Connectivity Plc1.38%
Mastercard Incorporated1.09%
KLA Corporation0.35%
NVIDIA Corporation0.17%

Only in VONV

829 securities, 71.5% of VONV by weight

Amazon.com Inc6.09%
Berkshire Hathaway Inc2.55%
JPMorgan Chase & Co2.43%
Intel Corp1.51%
Cisco Systems Inc1.17%
Walmart Inc1.15%
Merck & Co Inc0.99%
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%
Goldman Sachs Group Inc/The0.67%
Wells Fargo & Co0.67%
Morgan Stanley0.58%
International Business Machines Corp0.57%
Salesforce Inc0.50%
Walt Disney Co/The0.50%
Citigroup Inc0.50%
Analog Devices Inc0.49%
Welltower Inc0.46%
Deere & Co0.46%
AT&T Inc0.45%
Pfizer Inc0.45%
NextEra Energy Inc0.43%
Charles Schwab Corp/The0.41%
Dell Technologies Inc0.39%
Eaton Corp PLC0.39%
Danaher Corp0.39%
Vertex Pharmaceuticals Inc0.37%
Bristol-Myers Squibb Co0.35%
Prologis Inc0.34%
Newmont Corp0.33%
Progressive Corp/The0.33%
Uber Technologies Inc0.33%
Parker-Hannifin Corp0.33%
S&P Global Inc0.32%
Capital One Financial Corp0.32%
American Express Co0.31%
CVS Health Corp0.30%
Lowe's Cos Inc0.28%
Freeport-McMoRan Inc0.28%
Equinix Inc0.27%
Phillips 660.26%
Southern Co/The0.26%
Stryker Corp0.26%
Bank of New York Mellon Corp/The0.25%
US Bancorp0.25%
PNC Financial Services Group Inc/The0.25%

Weight gaps

All 42 Holdings in both funds, largest gap first.

Holding weights in SHRY and VONV, widest gap first
Holding	More in SHRYMore in VONV	SHRY	VONV
Apple Inc.AAPL	VONV +5.29 points	0.78%	6.07%
Microsoft CorporationMSFT	VONV +4.88 points	0.36%	5.24%
PayPal Holdings, Inc.PYPL	SHRY +4.86 points	4.94%	0.08%
The Hartford Insurance Group, Inc.HIG	SHRY +4.04 points	4.13%	0.09%
Paychex, Inc.PAYX	SHRY +3.26 points	3.35%	0.09%
MetLife, Inc.MET	SHRY +3.21 points	3.35%	0.14%
United Parcel Service, Inc. (Class B)UPS	SHRY +3.15 points	3.31%	0.16%
T-Mobile US, Inc.TMUS	SHRY +3.04 points	3.26%	0.22%
Adobe IncorporatedADBE	SHRY +3.00 points	3.08%	0.08%
The Allstate CorporationALL	SHRY +2.93 points	3.09%	0.16%
Ameriprise Financial, Inc.AMP	SHRY +2.68 points	2.79%	0.11%
The Travelers Companies, Inc.TRV	SHRY +2.65 points	2.85%	0.20%
Altria Group, Inc.MO	SHRY +2.63 points	2.94%	0.31%
Accenture plcACN	SHRY +2.49 points	2.80%	0.31%
ConocoPhillipsCOP	SHRY +2.47 points	2.89%	0.42%
CME Group Inc.CME	SHRY +2.18 points	2.44%	0.26%
McKesson CorporationMCK	SHRY +2.10 points	2.12%	0.02%
Colgate-Palmolive CompanyCL	SHRY +2.02 points	2.13%	0.11%
Elevance Health Inc.ELV	SHRY +1.95 points	2.18%	0.23%
Chubb LimitedCB	SHRY +1.94 points	2.25%	0.31%
Chevron CorporationCVX	SHRY +1.74 points	2.78%	1.04%
Valero Energy CorporationVLO	SHRY +1.67 points	1.94%	0.27%
Kinder Morgan, Inc.KMI	SHRY +1.64 points	1.80%	0.16%
McDonald's CorporationMCD	SHRY +1.59 points	2.04%	0.45%
HCA Healthcare, Inc.HCA	SHRY +1.56 points	1.73%	0.17%
Abbott LaboratoriesABT	SHRY +1.47 points	1.94%	0.47%
Verizon Communications Inc.VZ	SHRY +1.38 points	1.91%	0.53%
EOG Resources, Inc.EOG	SHRY +1.23 points	1.43%	0.20%
Gilead Sciences, Inc.GILD	SHRY +1.08 points	1.59%	0.51%
PepsiCo, Inc.PEP	SHRY +1.06 points	1.48%	0.42%
General Dynamics CorporationGD	SHRY +1.04 points	1.27%	0.23%
QUALCOMM IncorporatedQCOM	SHRY +1.00 points	1.53%	0.53%
Union Pacific CorporationUNP	SHRY +0.92 points	1.33%	0.41%
Medtronic PlcMDT	SHRY +0.88 points	1.18%	0.30%
Johnson & JohnsonJNJ	VONV +0.79 points	0.96%	1.75%
The Procter & Gamble CompanyPG	SHRY +0.73 points	1.66%	0.93%
BlackRock, Inc.BLK	SHRY +0.54 points	0.98%	0.44%
RTX CorporationRTX	SHRY +0.42 points	1.11%	0.69%
Costco Wholesale CorporationCOST	VONV +0.39 points	0.24%	0.63%
AbbVie Inc.ABBV	VONV +0.29 points	0.88%	1.17%
ExxonMobil Holdings Corp.XOM	SHRY +0.26 points	2.10%	1.84%
Linde PlcLIN	SHRY +0.13 points	0.73%	0.60%

All 50 SHRY 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.

SHRY vs VONV Cost

Overpaying SHRY vs VONV

$10,547

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

SHRY 0.60%
$11,817
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

SHRY 0.60%
VONV 0.06%
Overpaying

Year by year

Year	SHRY	VONV	Overpaying
10	$1,076	$110	$966
20	$4,116	$432	$3,684
30	$11,817	$1,270	$10,547

Expense ratio

0.60%SHRY
0.06%VONV, cheaper

VONV0.06%SHRY0.60%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

SHRY 82nd cheapest of 99 funds

SHRY vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SHRY 1.54%, better; VONV 1.53%
Payout (12M): SHRY $0.74; VONV $1.74
Last payment: SHRY $0.16; VONV $0.42
Ex-dividend: SHRY Sep 24, 2026; VONV Sep 23, 2026
Paid on: SHRY Sep 30, 2026; VONV Sep 25, 2026
Frequency: SHRY Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SHRYQuarterly · 37 paymentsAll SHRY payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

SHRY vs VONV Risk

Fall from peak · 5 years

SHRY
VONV

Risk facts

VolatilityStd dev, 3 years: SHRY 14.2%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: SHRY 1.01VONV 1.43, better
Worst fallMax drawdown, 5 years: SHRY −23.9%VONV −18.9%, better
Market sensitivityBeta, 5 years: SHRY 0.70VONV 0.85; Market = 1

SHRY 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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SHRY vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How SHRY and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SHRY

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 SHRY and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SHRY

Only in VONV

Weight gaps