SPYV vs TMFX: Grades, Fees and Holdings Compared

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Motley Fool Next Index ETF

TMFXCCboe

Overlap

2.0%by weight

Expense ratio

SPYV −0.46pt a year

SPYV0.04%TMFX0.50%

Avg volume · 30D

SPYV 258.9×the volume

SPYV2.1MTMFX8.13K

3Y return · a year

TMFX +2.5pt

SPYV+18.8%TMFX+21.3%

SPYV vs TMFX Performance

Oct 31, 2025 – Oct 30, 2026

+16.6%SPYV+12.5%TMFX

Expense ratio: SPYV 0.04%, better; TMFX 0.50%
Fund size: SPYV $39.2B; TMFX $38M
1Y total return: SPYV +16.6%, better; TMFX +12.5%
Yield (12M): SPYV 1.65%, better; TMFX 0.04%
Holdings: SPYV 437; TMFX 199
Avg volume (30D): SPYV 2.1M sh, better; TMFX 8.13K sh
NAV per share: SPYV $64.64; TMFX $24.42
52W range

ETF.net Grade

Pillar letters and Scores for SPYV, TMFX, with each pillar’s weight
Pillar	SPYV	TMFX
Cost30% weight	A98Higher	D28
Mission25% weight	A86Higher	A76
Risk15% weight	A82Higher	D28
Tradability15% weight	A97Higher	C41
Holdings10% weight	A71	A79Higher
Durability5% weight	A86Higher	D39

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. SPYV and TMFX are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SPYV ranks 1st and TMFX 26th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 25CRFVInvesco S&P MidCap 400 Pure Value ETFScore 48
Rank 26CTMFXMotley Fool Next Index ETFScore 47
Rank 26CWLDRAffinity World Leaders Equity ETFScore 47

Our read on each fund

ETF.net Research

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

TMFXCMotley Fool Next Index ETF

In short

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

TMFX The Motley Fool's recommendation list, minus the household names. TMFX tracks a rules-based index of mid- and small-cap US companies its analysts have flagged, deliberately leaving out the 100 largest.

Stated mandate

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

TMFX The fund seeks to track, before fees and expenses, the total return of the Motley Fool Next Index.

Why people hold it

SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

TMFX The entry rule is unusually legible: mid- and small-cap US companies recommended by Motley Fool's analysts and newsletters, with the biggest 100 stripped out.stockanalysis.com aaii.com
It fishes below the mega-cap waterline where most index money already sits, which makes it a different exposure from a standard US core fund rather than a repeat of one.fooletfs.com stockanalysis.com
Rules run the portfolio, not a stock picker's mood: passive, market-cap weighted, tracking the Motley Fool Next Index before fees and expenses.stockanalysis.com
Live since 2021, so the strategy has traded through a full cycle of rate shocks and growth swings instead of existing only on a backtest.

Worth knowing

SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
Distributions land quarterly, not monthly.

TMFX At 0.50% a year, it costs meaningfully more than plain-vanilla broad index trackers. The proprietary index is what you're paying the extra for.
Small fund, thin tape. Spreads can widen, so limit orders do more work here than with a heavily traded index ETF.
Smaller, growth-leaning companies move harder in both directions than large-cap core, and payouts are occasional rather than a steady income stream.fooletfs.com

Full SPYV profile⁠

Full TMFX profile⁠

SPYV vs TMFX Holdings

How SPYV and TMFX differ

Overlap by weight

2.0%

Shared holdings make up 30.8% of TMFX and 2.0% of SPYV.

Level by level

Holdings32 in both2.0%
Sector11 Sectors72.8%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in SPYV and TMFX, widest gap first
Sector	More in SPYVMore in TMFX	SPYV	TMFX
Health Care	TMFX +8.3 points	13.3%	21.6%
Financials	SPYV +7.0 points	15.2%	8.2%
Consumer Staples	SPYV +6.9 points	9.0%	2.1%
Industrials	TMFX +6.7 points	10.8%	17.5%
Energy	SPYV +6.6 points	8.2%	1.6%
Technology	TMFX +6.0 points	20.8%	26.8%
Utilities	SPYV +4.0 points	4.0%	0.0%
Consumer Discretionary	TMFX +3.8 points	9.8%	13.6%
Materials	SPYV +2.5 points	3.3%	0.8%
Communication	TMFX +2.4 points	2.5%	4.9%
Real Estate	SPYV +0.3 points	3.1%	2.8%

Country, concentration and asset class

Country by domicile

Country weights in SPYV and TMFX, widest gap first
Country	More in SPYVMore in TMFX	SPYV	TMFX
United States	TMFX +0.8 points	99.2%	100.0%
Switzerland	SPYV +0.6 points	0.6%	0.0%
Other countries (3)	SPYV +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

SPYV24.4%
TMFX15.4%

Securities held

SPYV435
TMFX198

Asset class

SPYV: Equity
TMFX: Equity

Holdings

Only in SPYV403
In both32
Only in TMFX166

Only in SPYV

403 securities, 97.9% of SPYV by weight

Apple Inc8.30%
Amazon.com Inc3.66%
Exxonmobil Holdings Corp2.46%
Walmart Inc1.76%
Intel Corp1.49%
Chevron Corp1.49%
Costco Wholesale Corp1.44%
Tesla Inc1.41%
Procter & Gamble Co/The1.22%
UnitedHealth Group Inc1.20%
Merck & Co. Inc.1.18%
Bank of America Corp1.08%
Home Depot Inc1.07%
Visa Inc Class A Shares1.03%
JPMorgan Chase & Co0.95%
Texas Instruments Inc0.93%
AbbVie Inc0.90%
Johnson & Johnson0.89%
Thermo Fisher Scientific Inc0.85%
Wells Fargo & Co0.84%
Linde PLC0.76%
Analog Devices Inc0.69%
Citigroup Inc0.69%
Coca Cola Co/The0.68%
Cisco Systems Inc0.66%
Qualcomm Inc0.65%
Walt Disney Co/The0.62%
Salesforce Inc0.62%
Pepsico Inc0.59%
Verizon Communications Inc0.59%
Abbott Laboratories0.59%
Conocophillips0.59%
Union Pacific Corp0.58%
Nextera Energy Inc0.56%
Pfizer Inc0.56%
Mastercard Inc A0.55%
BlackRock Inc0.55%
Deere & Co0.54%
General Electric0.51%
Eaton Corp PLC0.50%
Accenture PLC Class A0.49%
Danaher Corp0.48%
Schwab (Charles) Corp0.47%
Dell Technologies C0.47%
At+t Inc0.47%
Philip Morris International0.47%
Western Digital Corp0.46%
Vertex Pharmaceuticals Inc0.45%
Palo Alto Networks Inc0.44%
Lockheed Martin Corp0.43%

Only in TMFX

166 securities, 68.7% of TMFX by weight

Everpure Inc1.69%
Zscaler Inc1.62%
HEICO Corp1.55%
Okta Inc1.52%
Rocket Cos Inc1.49%
Ubiquiti Inc1.39%
ROBLOX Corp1.25%
EMCOR Group Inc1.20%
MongoDB Inc1.18%
Zoom Communications Inc1.16%
Ulta Beauty Inc1.14%
Coupang Inc1.08%
Rubrik Inc1.07%
Casey's General Stores Inc1.03%
Samsara Inc1.03%
Incyte Corp1.02%
Guardant Health Inc0.99%
Markel Group Inc0.97%
XPO Inc0.93%
Alnylam Pharmaceuticals Inc0.92%
SoFi Technologies Inc0.90%
SS&C Technologies Holdings Inc0.79%
First Solar Inc0.78%
Toast Inc0.78%
Medpace Holdings Inc0.76%
Nutanix Inc0.76%
Exelixis Inc0.72%
Hyatt Hotels Corp0.71%
WESCO International Inc0.70%
Rollins Inc0.70%
Unity Software Inc0.69%
Wayfair Inc0.67%
Docusign Inc0.64%
Neurocrine Biosciences Inc0.62%
UL Solutions Inc0.62%
MasTec Inc0.61%
Bridgebio Pharma Inc0.61%
RBC Bearings Inc0.61%
Manhattan Associates Inc0.60%
Five Below Inc0.55%
CNA Financial Corp0.55%
RPM International Inc0.55%
Maplebear Inc0.54%
SiTime Corp0.54%
TKO Group Holdings Inc0.54%
Mueller Industries Inc0.50%
Texas Roadhouse Inc0.50%
GameStop Corp0.50%
HubSpot Inc0.49%
AST SpaceMobile Inc0.49%

Weight gaps

All 32 Holdings in both funds, largest gap first.

Holding weights in SPYV and TMFX, widest gap first
Holding	More in SPYVMore in TMFX	SPYV	TMFX
Biogen IncBIIB	TMFX +1.45 points	0.12%	1.57%
Cboe Global Markets IncCBOE	TMFX +1.43 points	0.05%	1.48%
Illumina IncILMN	TMFX +1.42 points	0.07%	1.49%
Crown Castle IncCCI	TMFX +1.42 points	0.12%	1.54%
Axon Enterprise IncAXON	TMFX +1.40 points	0.04%	1.44%
Old Dominion Freight LineODFL	TMFX +1.34 points	0.10%	1.44%
Eqt CorpEQT	TMFX +1.33 points	0.11%	1.44%
Ge Healthcare TechnologyGEHC	TMFX +1.33 points	0.11%	1.44%
Resmed IncRMD	TMFX +1.32 points	0.05%	1.37%
Dexcom IncDXCM	TMFX +1.25 points	0.05%	1.30%
Williams Sonoma IncWSM	TMFX +1.14 points	0.10%	1.24%
Cognizant Tech Solutions ACTSH	TMFX +1.12 points	0.09%	1.21%
Copart IncCPRT	TMFX +1.08 points	0.08%	1.16%
Quest Diagnostics IncDGX	TMFX +1.07 points	0.09%	1.16%
Veralto CorpVLTO	TMFX +1.05 points	0.08%	1.13%
Reddit Inc Class ARDDT	TMFX +0.72 points	0.02%	0.74%
Tractor Supply CompanyTSCO	TMFX +0.68 points	0.06%	0.74%
Zebra Technologies Corp Class AZBRA	TMFX +0.65 points	0.06%	0.71%
Hasbro IncHAS	TMFX +0.65 points	0.05%	0.70%
Tyler Technologies IncTYL	TMFX +0.62 points	0.05%	0.67%
Fair Isaac CorpFICO	TMFX +0.61 points	0.03%	0.64%
Invitation Homes IncINVH	TMFX +0.60 points	0.05%	0.65%
Nvr IncNVR	TMFX +0.60 points	0.05%	0.65%
Textron IncTXT	TMFX +0.56 points	0.05%	0.61%
Godaddy Inc Class AGDDY	TMFX +0.57 points	0.04%	0.61%
Gartner IncIT	TMFX +0.55 points	0.05%	0.60%
Solventum CorpSOLV	TMFX +0.54 points	0.04%	0.58%
Mccormick & Co Non Vtg ShrsMKC	TMFX +0.49 points	0.04%	0.53%
Costar Group IncCSGP	TMFX +0.47 points	0.04%	0.51%
Factset Research Systems IncFDS	TMFX +0.45 points	0.04%	0.49%
Jack Henry & Associates IncJKHY	TMFX +0.43 points	0.04%	0.47%
Align Technology IncALGN	TMFX +0.41 points	0.03%	0.44%

All 435 SPYV holdings⁠All TMFX 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.

SPYV vs TMFX Cost

Overpaying TMFX vs SPYV

$9,130

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

SPYV 0.04%
$849
TMFX 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

SPYV 0.04%
TMFX 0.50%
Overpaying

Year by year

Year	SPYV	TMFX	Overpaying
10	$73	$900	$827
20	$288	$3,460	$3,172
30	$849	$9,979	$9,130

Expense ratio

0.04%SPYV, cheaper
0.50%TMFX

SPYV0.04%TMFX0.50%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SPYV 2nd cheapest of 42 funds

TMFX 31st cheapest of 42 funds

SPYV vs TMFX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPYV 1.65%, better; TMFX 0.04%
Payout (12M): SPYV $1.06; TMFX $0.01
Last payment: SPYV $0.27; TMFX $0.01
Ex-dividend: SPYV Sep 21, 2026; TMFX Dec 18, 2025
Paid on: SPYV Sep 23, 2026; TMFX Dec 19, 2025
Frequency: SPYV Quarterly; TMFX Annual

Distribution history

Per share, 2017 to 2026, same scale for both

SPYVQuarterly · 39 paymentsAll SPYV payments⁠

TMFXAnnual · 4 paymentsAll TMFX payments⁠

SPYV vs TMFX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SPYV 11.7%, betterTMFX 17.2%
Return per unit of riskSharpe ratio, 3 years: SPYV 1.17, betterTMFX 0.96
Worst fallMax drawdown, 5 years: SPYV −17.9%TMFX −34.3%since Dec 2021
Market sensitivityBeta, 5 years: SPYV 0.83TMFX 1.15; Market = 1

SPYV and TMFX in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026SPYV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026SPYV

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