USMF vs VONV: Grades, Fees and Holdings Compared

WisdomTree U.S. Multifactor Fund

USMFBCboe

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

22.4%by weight

Expense ratio

VONV −0.22pt a year

USMF0.28%VONV0.06%

Avg volume · 30D

VONV 38.8×the volume

USMF20KVONV776K

5Y return · a year

VONV +6.3pt

USMF+5.4%VONV+11.7%

USMF vs VONV Performance

Nov 9, 2021 – Nov 9, 2026

+30.2%USMF+73.9%VONV

Expense ratio: USMF 0.28%; VONV 0.06%, better
Fund size: USMF $232M; VONV $21.7B
1Y total return: USMF 0.0%; VONV +30.6%, better
Yield (12M): USMF 1.32%; VONV 1.51%, better
Holdings: USMF 201; VONV 887
Avg volume (30D): USMF 20K sh; VONV 776K sh, better
NAV per share: USMF $48.69; VONV $112.88
52W range

ETF.net Grade

Pillar letters and Scores for USMF, VONV, with each pillar’s weight
Pillar	USMF	VONV
Cost30% weight	B55	A96Higher
Mission25% weight	A81	A100Higher
Risk15% weight	D36	A89Higher
Tradability15% weight	C42	B59Higher
Holdings10% weight	B61Higher	C49
Durability5% weight	C45	A92Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. USMF 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 USMF 47th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 47BFYXFirst Trust Small Cap Core AlphaDEX FundScore 56
Rank 47BUSMFWisdomTree U.S. Multifactor FundScore 56
Rank 50BAUSFGlobal X Adaptive U.S. Factor ETFScore 55

Our read on each fund

ETF.net Research

USMFBWisdomTree U.S. Multifactor Fund

VONVAVanguard Russell 1000 Value ETF

In short

USMF Most factor funds pick a lane: value, or growth, or dividends. USMF scores U.S. companies on value, quality, momentum and WisdomTree's own TAPE signal at once, then keeps only the roughly 200 that rank highest. One screen, four opinions.

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

USMF The fund seeks to track, before fees and expenses, the price and yield performance of the WisdomTree U.S. Multifactor Index. That index generally selects 200 U.S. companies with the highest composite scores across value, quality, momentum and WisdomTree TAPE.

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

USMF Four signals in one wrapper: value, quality, momentum and WisdomTree's TAPE score combine into a composite, and only the top-ranked names make the portfolio.
0.28% a year, below the typical fee in its factor peer group, which is unusual for a strategy running this much screening.
Roughly 200 holdings, so the screen actually shapes the portfolio instead of getting diluted across a thousand-stock benchmark. Distributions come quarterly.
Trading since 2017, so the multifactor blend has a live record across several market regimes rather than 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

USMF Cheap for a multifactor fund, not cheap outright: single-lane peers like VYM and IUSG charge 0.04%. The composite screen is what the extra buys.
Volume is light next to the index heavyweights in its category, so spreads can widen when markets move fast.
WisdomTree designs the index it tracks, and no peer fund follows the same benchmark, so there is no side-by-side clone to price-check against.

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 USMF profile⁠

Full VONV profile⁠

USMF vs VONV Holdings

How USMF and VONV differ

Overlap by weight

22.4%

Shared holdings make up 63.0% of USMF and 25.6% of VONV.

Level by level

Holdings132 in both22.4%
Sector11 Sectors77.9%
Asset classStocks100%
Countryby domicile99.6%

Sector

Sector weights in USMF and VONV, widest gap first
Sector	Gap	USMF	VONV
Technology	USMF +12.1 points	34.0%	21.9%
Financials	VONV +8.8 points	9.1%	17.9%
Communication	USMF +6.2 points	9.6%	3.4%
Health Care	USMF +3.8 points	17.2%	13.4%
Utilities	VONV +2.6 points	0.8%	3.4%
Consumer Staples	VONV +2.2 points	5.0%	7.2%
Energy	VONV +1.8 points	4.4%	6.2%
Materials	VONV +1.7 points	1.6%	3.3%
Consumer Discretionary	VONV +1.7 points	8.7%	10.4%
Real Estate	VONV +1.7 points	1.8%	3.5%
Industrials	VONV +1.6 points	7.9%	9.5%

Country, concentration and asset class

Country by domicile

Country weights in USMF and VONV, widest gap first
Country	Gap	USMF	VONV
United States	VONV +0.4 points	99.6%	100.0%
United Kingdom	USMF +0.2 points	0.2%	0.0%
Mexico	USMF +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

USMF21.2%
VONV29.8%

Securities held

USMF199
VONV883

Asset class

USMF: Stocks
VONV: Stocks

Holdings

Only in USMF67
In both132
Only in VONV751

Only in USMF

67 securities, 36.9% of USMF by weight

Google Inc3.61%
Nvidia Corp3.53%
Eli Lilly & Co1.71%
Broadcom Inc1.36%
Expedia Group Inc1.28%
Murphy USA Inc1.18%
Tapestry Inc1.06%
Micron Technology Inc0.82%
Advanced Micro Devices0.73%
Halozyme Therapeutics Inc0.61%
Texas Instruments Inc0.61%
Live Nation Inc0.58%
Globalstar Inc0.58%
Hansen Natural Corp0.57%
Applied Materials Inc0.57%
Amphenol Corp0.56%
Crowdstrike Holdings Inc - A0.53%
Gaylord Entertainment Co0.52%
Arista Networks Inc0.52%
Lam Research Corp0.50%
Tg Therapeutics Inc0.47%
GE Vernova Inc0.47%
KLA Corp0.46%
Everest Re Group Ltd0.46%
Quintiles IMS Holdings Inc0.46%
Caterpillar Inc0.43%
Manhattan Associates Inc0.42%
Natera Inc0.42%
Medpace Holdings Inc0.41%
DexCom Inc0.41%
Healthpeak Properties Inc0.40%
SM Energy Company0.39%
Fortinet Inc0.39%
Bank of New York Mellon Corp0.37%
Brinker International Inc0.37%
Allegheny Technologies Inc0.37%
U-Store-It Trust0.37%
Monolithic Power Systems Inc0.34%
Oscar Health Inc - Class A0.34%
Block Inc - A0.34%
Old National Bancorp/IN0.33%
JFrog Ltd0.33%
Snowflake Inc-Class A0.32%
Marvell Technology Inc0.32%
FirstCash Holdings Inc0.32%
Jackson Financial Inc-A W/I0.31%
Jabil Inc0.30%
Samsara Inc-Cl A0.30%
Datadog Inc - Class A0.30%
Seagate Technology Holdings0.30%

Only in VONV

751 securities, 74.1% of VONV by weight

Amazon.com Inc6.08%
Microsoft Corp5.23%
Berkshire Hathaway Inc2.55%
JPMorgan Chase & Co2.43%
ExxonMobil Holdings Corp1.84%
Intel Corp1.51%
Walmart Inc1.14%
Chevron Corp1.04%
Procter & Gamble Co/The0.93%
Bank of America Corp0.90%
Coca-Cola Co/The0.81%
Thermo Fisher Scientific Inc0.69%
RTX Corp0.69%
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%
Salesforce Inc0.50%
Walt Disney Co/The0.50%
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%
Charles Schwab Corp/The0.41%
Eaton Corp PLC0.39%
Danaher Corp0.38%
Prologis Inc0.34%
Progressive Corp/The0.33%
Uber Technologies Inc0.33%
Parker-Hannifin Corp0.33%
S&P Global Inc0.32%
Capital One Financial Corp0.32%
Chubb Ltd0.31%
American Express Co0.31%
Accenture PLC0.31%
Medtronic PLC0.30%
CVS Health Corp0.30%
Lowe's Cos Inc0.28%
Freeport-McMoRan Inc0.27%
Equinix Inc0.27%
Southern Co/The0.26%
Stryker Corp0.26%

Weight gaps

The 100 widest of 132 Holdings in both funds.

Holding weights in USMF and VONV, widest gap first
Holding	Gap	USMF	VONV
Apple IncAAPL	VONV +1.17 points	4.89%	6.06%
eBay IncEBAY	USMF +1.16 points	1.25%	0.09%
General Motors CoGM	USMF +1.00 points	1.19%	0.19%
Roku IncROKU	USMF +0.71 points	0.71%	<0.01%
Match Group IncMTCH	USMF +0.69 points	0.72%	0.03%
Coca-Cola Consolidated IncCOKE	USMF +0.64 points	0.67%	0.03%
Johnson & JohnsonJNJ	VONV +0.61 points	1.14%	1.75%
Exelixis IncEXEL	USMF +0.58 points	0.61%	0.03%
Sirius Xm Holdings IncSIRI	USMF +0.57 points	0.58%	0.01%
Cisco Systems IncCSCO	VONV +0.54 points	0.63%	1.17%
United Therapeutics CorpUTHR	USMF +0.52 points	0.58%	0.06%
Renaissancere Holdings LtdRNR	USMF +0.51 points	0.55%	0.04%
Amgen IncAMGN	USMF +0.52 points	0.70%	0.18%
DaVita Inc.DVA	USMF +0.51 points	0.53%	0.02%
Viatris IncVTRS	USMF +0.50 points	0.56%	0.06%
Target CorpTGT	USMF +0.49 points	0.69%	0.20%
Host Hotels & Resorts IncHST	USMF +0.49 points	0.53%	0.04%
Colgate-Palmolive CoCL	USMF +0.46 points	0.57%	0.11%
Affiliated Managers Group IncAMG	USMF +0.46 points	0.49%	0.03%
WW Grainger IncGWW	USMF +0.46 points	0.48%	0.02%
Incyte CorpINCY	USMF +0.45 points	0.51%	0.06%
Toro CoTTC	USMF +0.46 points	0.48%	0.02%
Sharkninja IncSN	USMF +0.44 points	0.48%	0.04%
Ryder System IncR	USMF +0.43 points	0.45%	0.02%
HF Sinclair CorpDINO	USMF +0.43 points	0.47%	0.04%
Jazz Pharmaceuticals PlcJAZZ	USMF +0.41 points	0.45%	0.04%
Charles River Laboratories IntlCRL	USMF +0.41 points	0.45%	0.04%
Stanley Black & Decker Inc.SWK	USMF +0.40 points	0.44%	0.04%
Biogen Idec IncBIIB	USMF +0.41 points	0.49%	0.09%
Neurocrine Biosciences IncNBIX	USMF +0.40 points	0.41%	<0.01%
Altria Group IncMO	USMF +0.40 points	0.71%	0.31%
Columbia Banking System IncCOLB	USMF +0.40 points	0.42%	0.02%
Maplebear IncCART	USMF +0.39 points	0.40%	<0.01%
Corpay IncCPAY	USMF +0.39 points	0.43%	0.04%
Paycom Software IncPAYC	USMF +0.39 points	0.41%	0.02%
Darling Ingredients IncDAR	USMF +0.38 points	0.41%	0.03%
Crown Holdings IncCCK	USMF +0.38 points	0.41%	0.03%
Popular IncBPOP	USMF +0.38 points	0.40%	0.02%
West Pharmaceutical Services IncWST	USMF +0.37 points	0.44%	0.07%
Docusign IncDOCU	USMF +0.37 points	0.40%	0.03%
Best Buy Co IncBBY	USMF +0.36 points	0.41%	0.05%
Ovintiv IncOVV	USMF +0.37 points	0.41%	0.04%
Meta PlatformsInc. Cl AMETA	USMF +0.36 points	1.16%	0.80%
US Foods Holding CorpUSFD	USMF +0.36 points	0.42%	0.06%
Illumina IncILMN	USMF +0.37 points	0.48%	0.11%
Permian Resources CorpPR	USMF +0.36 points	0.40%	0.04%
NetApp IncNTAP	USMF +0.36 points	0.43%	0.07%
Allison Transmission HoldingsALSN	USMF +0.35 points	0.37%	0.02%
Marathon Petroleum CorpMPC	USMF +0.35 points	0.51%	0.16%
Delta Air Lines IncDAL	USMF +0.35 points	0.48%	0.13%
Fair Isaac CorpFICO	USMF +0.34 points	0.35%	<0.01%
Arch Capital Group LtdACGL	USMF +0.34 points	0.42%	0.08%
Bristol-Myers Squibb CoBMY	USMF +0.34 points	0.69%	0.35%
Valero Energy CorpVLO	USMF +0.33 points	0.60%	0.27%
Dollar Tree IncDLTR	USMF +0.33 points	0.39%	0.06%
AbbVie IncABBV	VONV +0.33 points	0.84%	1.17%
Pinnacle West Capital CorpPNW	USMF +0.33 points	0.36%	0.03%
Voya Financial IncVOYA	USMF +0.33 points	0.35%	0.02%
Travelers Cos Inc/TheTRV	USMF +0.32 points	0.52%	0.20%
VeriSign IncVRSN	USMF +0.32 points	0.38%	0.06%
Zoom Video Communications-AZM	USMF +0.31 points	0.38%	0.07%
Omnicom Group IncOMC	USMF +0.31 points	0.37%	0.06%
Mongodb IncMDB	USMF +0.30 points	0.31%	<0.01%
Gen Digital IncGEN	USMF +0.30 points	0.33%	0.03%
Elastic NvESTC	USMF +0.31 points	0.32%	0.01%
Expeditors International of WaEXPD	USMF +0.30 points	0.37%	0.07%
Reinsurance Group of America IncRGA	USMF +0.30 points	0.34%	0.04%
F5IncFFIV	USMF +0.30 points	0.37%	0.07%
Applied Industrial TechnologiesAIT	USMF +0.30 points	0.33%	0.03%
Gitlab Inc-Cl AGTLB	USMF +0.29 points	0.31%	0.02%
United Rentals IncURI	USMF +0.30 points	0.43%	0.13%
First Citizens BancShares Inc/FCNCA	USMF +0.29 points	0.34%	0.05%
SEI Investments CoSEIC	USMF +0.29 points	0.32%	0.03%
Hewlett-Packard CoHPQ	USMF +0.29 points	0.37%	0.08%
Equitable Holdings IncEQH	USMF +0.28 points	0.30%	0.02%
Philip Morris International IncPM	VONV +0.29 points	0.53%	0.82%
TD Synnex CorpSNX	USMF +0.29 points	0.34%	0.05%
Keysight Technologies IncKEYS	USMF +0.28 points	0.35%	0.07%
Arrow Electronics IncARW	USMF +0.28 points	0.31%	0.03%
Nucor CorpNUE	USMF +0.28 points	0.42%	0.14%
EOG Resources IncEOG	USMF +0.28 points	0.48%	0.20%
Centene CorpCNC	USMF +0.27 points	0.35%	0.08%
Technipfmc PlcFTI	USMF +0.28 points	0.32%	0.04%
Rockwell Automation Inc/DEROK	USMF +0.28 points	0.30%	0.02%
Allstate Corp/TheALL	USMF +0.27 points	0.43%	0.16%
Timken CoTKR	USMF +0.27 points	0.29%	0.02%
Mueller Industries IncMLI	USMF +0.27 points	0.31%	0.04%
Principal Financial Group IncPFG	USMF +0.26 points	0.33%	0.07%
Littelfuse IncLFUS	USMF +0.27 points	0.30%	0.03%
Zebra Technologies CorpZBRA	USMF +0.27 points	0.32%	0.05%
Invesco LtdIVZ	USMF +0.27 points	0.30%	0.03%
Valmont Industries IncVMI	USMF +0.26 points	0.28%	0.02%
Knight-Swift TransportationKNX	USMF +0.26 points	0.29%	0.03%
News CorpNWSA	USMF +0.25 points	0.28%	0.03%
Rubrik Inc-ARBRK	USMF +0.25 points	0.27%	0.02%
Newmont Mining CorpNEM	USMF +0.26 points	0.59%	0.33%
Hunt (JB) Transprt Svcs IncJBHT	USMF +0.25 points	0.30%	0.05%
Interactive Brokers Group IncIBKR	USMF +0.25 points	0.31%	0.06%
NewMarket CorpNEU	USMF +0.24 points	0.26%	0.02%
Workday IncWDAY	USMF +0.24 points	0.34%	0.10%

All 201 USMF 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.

USMF vs VONV Cost

Overpaying USMF vs VONV

$4,485

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

USMF 0.28%
$5,755
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

USMF 0.28%
VONV 0.06%
Overpaying

Year by year

Year	USMF	VONV	Overpaying
10	$509	$110	$399
20	$1,976	$432	$1,544
30	$5,755	$1,270	$4,485

Expense ratio

0.28%USMF
0.06%VONV, cheaper

VONV0.06%USMF0.28%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

USMF 41st cheapest of 99 funds

USMF vs VONV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): USMF 1.32%; VONV 1.51%, better
Payout (12M): USMF $0.66; VONV $1.74
Last payment: USMF $0.13; VONV $0.42
Ex-dividend: USMF Sep 25, 2026; VONV Sep 23, 2026
Paid on: USMF Sep 29, 2026; VONV Sep 25, 2026
Frequency: USMF Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

USMFQuarterly · 37 paymentsAll USMF payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

USMF vs VONV Risk

Fall from peak · 5 years

USMF
VONV

Risk facts

VolatilityStd dev, 3 years: USMF 11.1%, betterVONV 12.1%
Return per unit of riskSharpe ratio, 3 years: USMF 0.72VONV 1.43, better
Worst fallMax drawdown, 5 years: USMF −18.1%, betterVONV −18.9%
Market sensitivityBeta, 5 years: USMF 0.67VONV 0.85; Market = 1

USMF and VONV in the news

All news⁠

Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026USMFVONV
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

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USMF vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How USMF and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in USMF

Only in VONV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

US multifactor funds ran 30 points apart

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

How USMF and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in USMF

Only in VONV

Weight gaps