SRHQ vs VONV: Grades, Fees and Holdings Compared

SRH U.S. Quality GARP ETF

SRHQCNYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

4.9%by weight

Expense ratio

VONV −0.29pt a year

SRHQ0.35%VONV0.06%

Avg volume · 30D

VONV 298.1×the volume

SRHQ2.6KVONV776K

3Y return · a year

VONV +0.9pt

SRHQ+22.3%VONV+23.2%

SRHQ vs VONV Performance

Nov 7, 2025 – Nov 9, 2026

+32.7%SRHQ+30.6%VONV

Expense ratio: SRHQ 0.35%; VONV 0.06%, better
Fund size: SRHQ $228M; VONV $21.7B
1Y total return: SRHQ +32.7%, better; VONV +30.6%
Yield (12M): SRHQ 0.68%; VONV 1.51%, better
Holdings: SRHQ 80; VONV 887
Avg volume (30D): SRHQ 2.6K sh; VONV 776K sh, better
NAV per share: SRHQ $50.10; VONV $112.88
52W range

ETF.net Grade

Pillar letters and Scores for SRHQ, VONV, with each pillar’s weight
Pillar	SRHQ	VONV
Cost30% weight	C42	A96Higher
Mission25% weight	A71	A100Higher
Risk15% weight	B65	A89Higher
Tradability15% weight	F19	B59Higher
Holdings10% weight	B56Higher	C49
Durability5% weight	D33	A92Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. SRHQ 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 SRHQ 65th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 65CSPVMInvesco S&P 500 Value with Momentum ETFScore 50
Rank 65CSRHQSRH U.S. Quality GARP ETFScore 50
Rank 67CJHSCJohn Hancock Multifactor Small Cap ETFScore 49

Our read on each fund

ETF.net Research

SRHQCSRH U.S. Quality GARP ETF

VONVAVanguard Russell 1000 Value ETF

In short

SRHQ GARP in an index wrapper: SRHQ screens U.S. stocks for growth, quality and value together instead of picking one lane. A boutique shop's rules-based take on a blend most factor funds split apart.

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

SRHQ The Fund seeks to track the SRH U.S. Quality Index before fees and expenses through passive indexing.

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

SRHQ Three factors, one rulebook: the SRH U.S. Quality Index screens growth, quality and value together, so the GARP blend is a stated mandate, not a manager's mood.
Fully passive and plainly drawn. The prospectus names the index, the U.S. equity universe and the factor screen, so there is little mystery about the shopping list.
At 0.35% it prices near the middle of the multifactor pack (0.32% median), so the three-factor screen does not carry a boutique markup.

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

SRHQ Thinly traded, so spreads and the cost of getting in and out weigh more here than with the category's heavyweights.
Small and young: launched in 2022 and still modest in size next to entrenched rivals, which matters for staying power.
The cohort's cheapest options go far lower. VYM (0.04%), IUSG (0.04%) and VONV (0.06%) mean the GARP screen has to earn the extra fee.

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 SRHQ profile⁠

Full VONV profile⁠

SRHQ vs VONV Holdings

How SRHQ and VONV differ

Overlap by weight

4.9%

Shared holdings make up 68.5% of SRHQ and 4.9% of VONV.

Level by level

Holdings54 in both4.9%
Sector11 Sectors75.4%
Asset classStocks100%
Countryby domicile100%

Sector

Sector weights in SRHQ and VONV, widest gap first
Sector	Gap	SRHQ	VONV
Health Care	SRHQ +9.7 points	23.1%	13.4%
Financials	VONV +8.8 points	9.1%	17.9%
Industrials	SRHQ +8.4 points	17.9%	9.5%
Energy	VONV +5.4 points	0.8%	6.2%
Technology	SRHQ +5.2 points	27.1%	21.9%
Utilities	VONV +2.5 points	0.9%	3.4%
Materials	VONV +2.3 points	1.0%	3.3%
Real Estate	VONV +2.2 points	1.3%	3.5%
Consumer Staples	VONV +2.1 points	5.1%	7.2%
Communication	VONV +1.5 points	1.9%	3.4%
Consumer Discretionary	SRHQ +1.3 points	11.7%	10.4%

Country, concentration and asset class

Country by domicile

Country weights in SRHQ and VONV, widest gap first
Country	More in SRHQMore in VONV	Gap	SRHQ	VONV
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

SRHQ20.3%
VONV29.8%

Securities held

SRHQ80
VONV883

Asset class

SRHQ: Stocks
VONV: Stocks

Holdings

Only in SRHQ26
In both54
Only in VONV829

Only in SRHQ

26 securities, 31.5% of SRHQ by weight

Qualys Inc2.31%
Commvault Systems Inc2.16%
Insperity Inc1.96%
Frontdoor Inc1.95%
Box Inc1.89%
Abercrombie & Fitch Co1.74%
Amneal Pharmaceuticals Inc1.72%
GoDaddy Inc1.47%
HealthEquity Inc1.32%
Gartner Inc1.28%
Option Care Health Inc1.25%
Kontoor Brands Inc1.17%
Brink's Co/The1.13%
Cencora Inc1.13%
Granite Construction Inc1.07%
Laureate Education Inc1.03%
Tapestry Inc1.00%
Mueller Water Products Inc0.93%
Vistra Corp0.88%
EMCOR Group Inc0.88%
Hess Midstream LP0.82%
Marzetti Company/The0.81%
Sterling Infrastructure Inc0.66%
Resideo Technologies Inc0.61%
ADI Global Distribution Inc0.29%
Invesco Government & Agency Portfolio Inst0.09%

Only in VONV

829 securities, 94.8% of VONV by weight

Amazon.com Inc6.08%
Apple Inc6.06%
Microsoft Corp5.23%
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 Inc1.14%
Chevron Corp1.04%
Merck & Co Inc0.99%
Procter & Gamble Co/The0.93%
Bank of America Corp0.90%
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%
Costco Wholesale Corp0.62%
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 Corp0.38%
Vertex Pharmaceuticals Inc0.36%
Prologis Inc0.34%
Newmont Corp0.33%

Weight gaps

All 54 Holdings in both funds, largest gap first.

Holding weights in SRHQ and VONV, widest gap first
Holding	Gap	SRHQ	VONV
Humana IncHUM	SRHQ +2.53 points	2.66%	0.13%
Centene CorpCNC	SRHQ +2.19 points	2.27%	0.08%
Gen Digital IncGEN	SRHQ +1.65 points	1.68%	0.03%
Corpay IncCPAY	SRHQ +1.62 points	1.66%	0.04%
Dropbox IncDBX	SRHQ +1.61 points	1.62%	0.01%
Nutanix IncNTNX	SRHQ +1.58 points	1.63%	0.05%
FactSet Research Systems IncFDS	SRHQ +1.58 points	1.61%	0.03%
Global Payments IncGPN	SRHQ +1.49 points	1.54%	0.05%
Workday IncWDAY	SRHQ +1.48 points	1.58%	0.10%
Automatic Data Processing IncADP	SRHQ +1.41 points	1.59%	0.18%
Roper Technologies IncROP	SRHQ +1.34 points	1.43%	0.09%
Credit Acceptance CorpCACC	SRHQ +1.33 points	1.33%	<0.01%
Elevance Health IncELV	SRHQ +1.32 points	1.55%	0.23%
PayPal Holdings IncPYPL	SRHQ +1.31 points	1.39%	0.08%
Cardinal Health IncCAH	SRHQ +1.29 points	1.37%	0.08%
McKesson CorpMCK	SRHQ +1.28 points	1.30%	0.02%
Jones Lang LaSalle IncJLL	SRHQ +1.26 points	1.30%	0.04%
Cboe Global Markets IncCBOE	SRHQ +1.26 points	1.34%	0.08%
Watts Water Technologies IncWTS	SRHQ +1.24 points	1.27%	0.03%
Amgen IncAMGN	SRHQ +1.21 points	1.39%	0.18%
Broadridge Financial SolutionsBR	SRHQ +1.20 points	1.25%	0.05%
Toro Co/TheTTC	SRHQ +1.17 points	1.19%	0.02%
FTI Consulting IncFCN	SRHQ +1.17 points	1.18%	0.01%
Owens CorningOC	SRHQ +1.16 points	1.19%	0.03%
Booz Allen Hamilton Holding CoBAH	SRHQ +1.14 points	1.16%	0.02%
Jack Henry & Associates IncJKHY	SRHQ +1.14 points	1.17%	0.03%
Universal Health Services IncUHS	SRHQ +1.14 points	1.16%	0.02%
Fiserv IncFISV	SRHQ +1.13 points	1.20%	0.07%
Euronet Worldwide IncEEFT	SRHQ +1.13 points	1.14%	<0.01%
Coca-Cola Consolidated IncCOKE	SRHQ +1.12 points	1.15%	0.03%
Dollar General CorpDG	SRHQ +1.13 points	1.20%	0.07%
Nexstar Media Group IncNXST	SRHQ +1.11 points	1.12%	0.01%
Applied Industrial TechnologieAIT	SRHQ +1.11 points	1.14%	0.03%
Ameriprise Financial IncAMP	SRHQ +1.09 points	1.20%	0.11%
Synchrony FinancialSYF	SRHQ +1.09 points	1.15%	0.06%
MarketAxess Holdings IncMKTX	SRHQ +1.05 points	1.07%	0.02%
Allison Transmission HoldingsALSN	SRHQ +1.04 points	1.06%	0.02%
Eagle Materials IncEXP	SRHQ +1.03 points	1.04%	0.01%
ResMed IncRMD	SRHQ +1.03 points	1.12%	0.09%
BioMarin Pharmaceutical IncBMRN	SRHQ +1.03 points	1.06%	0.03%
Ford Motor CoF	SRHQ +1.02 points	1.15%	0.13%
NVR IncNVR	SRHQ +0.99 points	1.02%	0.03%
Gentex CorpGNTX	SRHQ +0.96 points	0.97%	0.01%
Oshkosh CorpOSK	SRHQ +0.95 points	0.97%	0.02%
HCA Healthcare IncHCA	SRHQ +0.94 points	1.11%	0.17%
BorgWarner IncBWA	SRHQ +0.93 points	0.96%	0.03%
Leidos Holdings IncLDOS	SRHQ +0.87 points	0.91%	0.04%
Hershey Co/TheHSY	SRHQ +0.85 points	0.91%	0.06%
Pegasystems IncPEGA	SRHQ +0.80 points	0.81%	<0.01%
Bristol-Myers Squibb CoBMY	SRHQ +0.74 points	1.09%	0.35%
Bright Horizons Family SolutionsBFAM	SRHQ +0.68 points	0.69%	<0.01%
UnitedHealth Group IncUNH	SRHQ +0.64 points	1.55%	0.91%
T-Mobile US IncTMUS	SRHQ +0.60 points	0.82%	0.22%
Rtx CorporationRTX	SRHQ +0.36 points	1.05%	0.69%

All 80 SRHQ holdings⁠All 870 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.

SRHQ vs VONV Cost

Overpaying SRHQ vs VONV

$5,856

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

SRHQ 0.35%
$7,126
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

SRHQ 0.35%
VONV 0.06%
Overpaying

Year by year

Year	SRHQ	VONV	Overpaying
10	$634	$110	$524
20	$2,454	$432	$2,022
30	$7,126	$1,270	$5,856

Expense ratio

0.35%SRHQ
0.06%VONV, cheaper

VONV0.06%SRHQ0.35%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

SRHQ 56th cheapest of 99 funds

SRHQ vs VONV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): SRHQ 0.68%; VONV 1.51%, better
Payout (12M): SRHQ $0.35; VONV $1.74
Last payment: SRHQ $0.09; VONV $0.42
Ex-dividend: SRHQ Sep 24, 2026; VONV Sep 23, 2026
Paid on: SRHQ Sep 25, 2026; VONV Sep 25, 2026
Frequency: SRHQ Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SRHQQuarterly · 16 paymentsAll SRHQ payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

SRHQ vs VONV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SRHQ 13.8%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: SRHQ 1.24VONV 1.43, better
Worst fallMax drawdown, 5 years: SRHQ −18.5%since Oct 2022VONV −18.9%
Market sensitivityBeta, 5 years: SRHQ 0.84VONV 0.85; Market = 1

SRHQ and VONV in the news

All news⁠

Best ETFs
Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value
Updated Nov 3, 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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SRHQ vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How SRHQ and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SRHQ

Only in VONV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value

The best value ETF depends on whose list you bought

US multifactor funds ran 30 points apart

How SRHQ and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SRHQ

Only in VONV

Weight gaps