TMFE vs VONV: Grades, Fees and Holdings Compared

Motley Fool Capital Efficiency 100 Index ETF

TMFECCboe

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

10.2%by weight

Expense ratio

VONV −0.44pt a year

TMFE0.50%VONV0.06%

Avg volume · 30D

VONV 77.5×the volume

TMFE9.98KVONV774K

3Y return · a year

VONV +4.1pt

TMFE+19.1%VONV+23.2%

TMFE vs VONV Performance

Oct 31, 2025 – Oct 30, 2026

+2.9%TMFE+28.5%VONV

Expense ratio: TMFE 0.50%; VONV 0.06%, better
Fund size: TMFE $74M; VONV $23.3B
1Y total return: TMFE +2.9%; VONV +28.5%, better
Yield (12M): TMFE 0.31%; VONV 1.53%, better
Holdings: TMFE 101; VONV 873
Avg volume (30D): TMFE 9.98K sh; VONV 774K sh, better
NAV per share: TMFE $30.26; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for TMFE, VONV, with each pillar’s weight
Pillar	TMFE	VONV
Cost30% weight	D26	A96Higher
Mission25% weight	A71	A100Higher
Risk15% weight	C40	A86Higher
Tradability15% weight	D33	B60Higher
Holdings10% weight	D27	C49Higher
Durability5% weight	D31	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. TMFE 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 TMFE 84th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 84CHQGOHartford US Quality Growth ETFScore 40
Rank 84CTMFEMotley Fool Capital Efficiency 100 Index ETFScore 40
Rank 86DPALCPacer Lunt Large Cap Multi-Factor Alternator ETFScore 39

Our read on each fund

ETF.net Research

TMFECMotley Fool Capital Efficiency 100 Index ETF

VONVAVanguard Russell 1000 Value ETF

In short

TMFE Stock-picking research in an index wrapper. TMFE screens The Motley Fool's own recommendation universe down to the 100 most capital-efficient companies, then caps each position at 4.8%.

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

TMFE The fund seeks to track, before fees and expenses, the total return performance of the proprietary Capital Efficiency 100 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

TMFE The universe is the twist: eligibility starts with US companies Motley Fool analysts have recommended or rated highly, and a capital-efficiency score picks the 100 that make the cut.fooletfs.com fooletfs.com 2
A 4.8% cap per holding at rebalance keeps one hot name from quietly becoming the whole fund.fooletfs.com
The screen is spelled out in the prospectus: growth and profitability via a named Capital Efficiency Factor Score, run passively against a published US equity index.

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

TMFE At 0.50% a year it costs more than the typical multifactor peer, and plain index rivals like IUSG and VONV charge a small fraction of that.
The benchmark is proprietary to The Motley Fool, not an independent index house, and it has only been live since the fund's 2021 launch.usnews.com
A smaller fund that trades lightly, so bid-ask spreads tend to run wider than on mega-cap index ETFs.

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 TMFE profile⁠

Full VONV profile⁠

TMFE vs VONV Holdings

How TMFE and VONV differ

Overlap by weight

10.2%

Shared holdings make up 50.7% of TMFE and 11.4% of VONV.

Level by level

Holdings56 in both10.2%
Sector11 Sectors72.4%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in TMFE and VONV, widest gap first
Sector	More in TMFEMore in VONV	TMFE	VONV
Technology	TMFE +15.3 points	37.2%	21.9%
Communication	TMFE +9.4 points	12.8%	3.4%
Financials	VONV +8.0 points	9.9%	17.9%
Energy	VONV +6.2 points	0.0%	6.2%
Industrials	VONV +4.2 points	5.3%	9.5%
Utilities	VONV +3.4 points	0.0%	3.4%
Real Estate	VONV +3.3 points	0.1%	3.5%
Consumer Discretionary	TMFE +2.9 points	13.3%	10.4%
Materials	VONV +1.8 points	1.5%	3.3%
Health Care	VONV +0.5 points	12.9%	13.4%
Consumer Staples	VONV +0.3 points	6.9%	7.2%

Country, concentration and asset class

Country by domicile

Country weights in TMFE and VONV, widest gap first
Country	More in TMFEMore in VONV	TMFE	VONV
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

TMFE44.6%
VONV29.8%

Securities held

TMFE100
VONV871

Asset class

TMFE: Equity
VONV: Equity

Holdings

Only in TMFE44
In both56
Only in VONV815

Only in TMFE

44 securities, 49.1% of TMFE by weight

Mastercard Inc5.60%
Visa Inc5.51%
NVIDIA Corp4.32%
Lam Research Corp3.83%
Crowdstrike Holdings Inc3.82%
Alphabet Inc3.75%
Intuitive Surgical Inc2.35%
Booking Holdings Inc1.92%
Fortinet Inc1.75%
Cintas Corp1.74%
ServiceNow Inc1.54%
Airbnb Inc1.52%
Datadog Inc1.47%
Snowflake Inc1.44%
Autodesk Inc0.95%
Chipotle Mexican Grill Inc0.77%
Comfort Systems USA Inc0.65%
Astera Labs Inc0.65%
Live Nation Entertainment Inc0.60%
Zscaler Inc0.60%
Dexcom Inc0.48%
EMCOR Group Inc0.45%
Coupang Inc0.40%
Rollins Inc0.34%
Medpace Holdings Inc0.33%
Gartner Inc0.29%
Manhattan Associates Inc0.29%
GoDaddy Inc0.24%
Corcept Therapeutics Inc0.22%
Insulet Corp0.18%
Chewy Inc0.15%
Urban Outfitters Inc0.14%
Appfolio Inc0.14%
IES Holdings Inc0.12%
Axsome Therapeutics Inc0.11%
Box Inc0.11%
Impinj Inc0.07%
Appian Corp0.07%
United Natural Foods Inc0.06%
Vita Coco Co Inc/The0.05%
Warby Parker Inc0.04%
Under Armour Inc0.03%
Donnelley Financial Solutions Inc0.03%
Stitch Fix Inc<0.01%

Only in VONV

815 securities, 88.4% of VONV by weight

Amazon.com Inc6.09%
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%
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%
QUALCOMM Inc0.53%
Verizon Communications Inc0.53%
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%
Prologis Inc0.34%
Newmont Corp0.33%
Progressive Corp/The0.33%
Parker-Hannifin Corp0.33%

Weight gaps

All 56 Holdings in both funds, largest gap first.

Holding weights in TMFE and VONV, widest gap first
Holding	More in TMFEMore in VONV	TMFE	VONV
Costco Wholesale CorpCOST	TMFE +4.88 points	5.51%	0.63%
Meta Platforms IncMETA	TMFE +3.25 points	4.05%	0.80%
TJX Cos Inc/TheTJX	TMFE +2.96 points	3.18%	0.22%
Gilead Sciences IncGILD	TMFE +2.82 points	3.33%	0.51%
T-Mobile US IncTMUS	TMFE +2.05 points	2.27%	0.22%
Adobe IncADBE	TMFE +1.93 points	2.01%	0.08%
Bristol-Myers Squibb CoBMY	TMFE +1.85 points	2.20%	0.35%
Uber Technologies IncUBER	TMFE +1.72 points	2.05%	0.33%
HCA Healthcare IncHCA	TMFE +1.71 points	1.88%	0.17%
Apple IncAAPL	VONV +1.21 points	4.86%	6.07%
Monster Beverage CorpMNST	TMFE +1.17 points	1.26%	0.09%
Sherwin-Williams Co/TheSHW	TMFE +1.15 points	1.30%	0.15%
Everpure IncP	TMFE +0.89 points	0.91%	0.02%
IDEXX Laboratories IncIDXX	TMFE +0.89 points	0.91%	0.02%
NIKE IncNKE	TMFE +0.86 points	0.97%	0.11%
FedEx CorpFDX	TMFE +0.85 points	1.02%	0.17%
Sysco CorpSYY	TMFE +0.77 points	0.82%	0.05%
eBay IncEBAY	TMFE +0.69 points	0.78%	0.09%
AutoZone IncAZO	TMFE +0.62 points	0.73%	0.11%
Ulta Beauty IncULTA	TMFE +0.58 points	0.63%	0.05%
Workday IncWDAY	TMFE +0.57 points	0.67%	0.10%
Old Dominion Freight Line IncODFL	TMFE +0.44 points	0.51%	0.07%
MongoDB IncMDB	TMFE +0.41 points	0.42%	<0.01%
ResMed IncRMD	TMFE +0.39 points	0.48%	0.09%
Casey's General Stores IncCASY	TMFE +0.38 points	0.39%	<0.01%
Cboe Global Markets IncCBOE	TMFE +0.38 points	0.46%	0.08%
Fair Isaac CorpFICO	TMFE +0.38 points	0.39%	<0.01%
Williams-Sonoma IncWSM	TMFE +0.38 points	0.44%	0.06%
Cognizant Technology Solutions CorpCTSH	TMFE +0.33 points	0.40%	0.07%
UL Solutions IncULS	TMFE +0.29 points	0.30%	<0.01%
Nutanix IncNTNX	TMFE +0.30 points	0.35%	0.05%
Incyte CorpINCY	TMFE +0.28 points	0.34%	0.06%
Exelixis IncEXEL	TMFE +0.28 points	0.31%	0.03%
Docusign IncDOCU	TMFE +0.27 points	0.30%	0.03%
Wayfair IncW	TMFE +0.27 points	0.30%	0.03%
HubSpot IncHUBS	TMFE +0.25 points	0.25%	<0.01%
Neurocrine Biosciences IncNBIX	TMFE +0.23 points	0.24%	<0.01%
Hasbro IncHAS	TMFE +0.23 points	0.26%	0.03%
Tractor Supply CoTSCO	TMFE +0.22 points	0.27%	0.05%
Maplebear IncCART	TMFE +0.22 points	0.23%	<0.01%
NVR IncNVR	TMFE +0.21 points	0.24%	0.03%
WESCO International IncWCC	TMFE +0.21 points	0.26%	0.05%
Five Below IncFIVE	TMFE +0.19 points	0.21%	0.02%
New York Times Co/TheNYT	TMFE +0.17 points	0.20%	0.03%
Solventum CorpSOLV	TMFE +0.16 points	0.20%	0.04%
RPM International IncRPM	TMFE +0.16 points	0.19%	0.03%
Texas Roadhouse IncTXRH	TMFE +0.15 points	0.17%	0.02%
Jack Henry & Associates IncJKHY	TMFE +0.15 points	0.18%	0.03%
Pinterest IncPINS	TMFE +0.16 points	0.18%	0.02%
CoStar Group IncCSGP	TMFE +0.14 points	0.17%	0.03%
Toro Co/TheTTC	TMFE +0.14 points	0.16%	0.02%
Align Technology IncALGN	TMFE +0.13 points	0.16%	0.03%
Match Group IncMTCH	TMFE +0.11 points	0.14%	0.03%
Etsy IncETSY	TMFE +0.10 points	0.11%	<0.01%
Trade Desk Inc/TheTTD	TMFE +0.07 points	0.08%	<0.01%
Cirrus Logic IncCRUS	TMFE +0.07 points	0.09%	0.02%

All TMFE 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.

TMFE vs VONV Cost

Overpaying TMFE vs VONV

$8,709

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

TMFE 0.50%
$9,979
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

TMFE 0.50%
VONV 0.06%
Overpaying

Year by year

Year	TMFE	VONV	Overpaying
10	$900	$110	$790
20	$3,460	$432	$3,028
30	$9,979	$1,270	$8,709

Expense ratio

0.50%TMFE
0.06%VONV, cheaper

VONV0.06%TMFE0.50%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

TMFE 75th cheapest of 99 funds

TMFE vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): TMFE 0.31%; VONV 1.53%, better
Payout (12M): TMFE $0.09; VONV $1.74
Last payment: TMFE $0.09; VONV $0.42
Ex-dividend: TMFE Dec 18, 2025; VONV Sep 23, 2026
Paid on: TMFE Dec 19, 2025; VONV Sep 25, 2026
Frequency: TMFE Annual; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

TMFEAnnual · 4 paymentsAll TMFE payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

TMFE vs VONV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TMFE 13.1%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: TMFE 1.07VONV 1.43, better
Worst fallMax drawdown, 5 years: TMFE −31.1%since Dec 2021VONV −18.9%
Market sensitivityBeta, 5 years: TMFE 0.94VONV 0.85; Market = 1

TMFE 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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TMFE vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How TMFE and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TMFE

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 TMFE and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TMFE

Only in VONV

Weight gaps