VLUE vs VTV: Grades, Fees and Holdings Compared

iShares MSCI USA Value Factor ETF

VLUEBCboe

Vanguard Morningstar Value ETF

VTVANYSE Arca

Overlap

29.2%by weight

Expense ratio

VTV −0.12pt a year

VLUE0.15%VTV0.03%

Avg volume · 30D

VTV 3.7×the volume

VLUE756KVTV2.83M

10Y return · a year

VLUE +1.6pt

VLUE+14.6%VTV+13.0%

VLUE vs VTV Performance

Oct 29, 2021 – Oct 30, 2026

+114.7%VLUE+79.8%VTV

Expense ratio: VLUE 0.15%; VTV 0.03%, better
Fund size: VLUE $9.43B; VTV $252B
1Y total return: VLUE +51.8%, better; VTV +25.3%
Yield (12M): VLUE 1.59%; VTV 1.83%, better
Holdings: VLUE 148; VTV 300
Avg volume (30D): VLUE 756K sh; VTV 2.83M sh, better
NAV per share: VLUE $194.45; VTV $228.00
52W range

ETF.net Grade

Pillar letters and Scores for VLUE, VTV, with each pillar’s weight
Pillar	VLUE	VTV
Cost30% weight	B67	A96Higher
Mission25% weight	D36	A89Higher
Risk15% weight	C49	A84Higher
Tradability15% weight	A86Higher	B65
Holdings10% weight	F23	C51Higher
Durability5% weight	A77	A88Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. VLUE and VTV are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

VTV ranks 2nd and VLUE 24th of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 84
Rank 2AVTVVanguard Morningstar Value ETFScore 83
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 23BRPVInvesco S&P 500 Pure Value ETFScore 56
Rank 24BVLUEiShares MSCI USA Value Factor ETFScore 55
Rank 25CPRXVPraxis Impact Large Cap Value ETFScore 53

Our read on each fund

ETF.net Research

VLUEBiShares MSCI USA Value Factor ETF

VTVAVanguard Morningstar Value ETF

In short

VLUE Most value funds cast a wide net and call whatever's slightly cheap a bargain. VLUE follows MSCI's Enhanced Value index and narrows US stocks to about 150 of the cheapest-looking names, for 0.15% a year. A sharper, more concentrated take on value.

VTV Value investing for three cents on every hundred dollars a year. Since 2004, VTV has run a passive, fully invested portfolio of roughly 300 large US companies that screen cheap, at a fee near the industry floor.

Stated mandate

VLUE The fund aims to follow an index selecting U.S. stocks with value characteristics, providing exposure to undervalued companies with potential for long-term growth.

VTV The fund seeks to track a large-capitalization U.S. value-stock benchmark through passive indexing and substantial replication of that index.

Why people hold it

VLUE Deep screen, not a wide net: about 150 stocks picked by the MSCI USA Enhanced Value Index, so the value tilt actually shows up instead of getting diluted across half the market.ishares.com
0.15% a year, below the 0.18% median for its value-factor peer group. Modest toll for a rules-based screen rather than a plain cap-weighted slice.
A multi-billion-dollar fund that has been running since 2013, trades actively, and pays quarterly.

VTV 0.03% a year, about a sixth of the 0.18% median for US value funds. Cost is the part of the outcome the fund actually controls.
Same recipe, very different sticker: PRXV tracks the same declared value index and charges 0.36%, twelve times VTV's fee.
Passively managed, full replication, fully invested. No manager hunches, no cash sitting idle, and the fund has tracked its benchmark closely.vanguard.com
One of the largest and most actively traded funds in the US value aisle, the kind of scale that keeps bid-ask spreads thin for ordinary orders.

Worth knowing

VLUE Concentration cuts both ways. About 150 names means chunkier single-stock and sector positions than the broadest value funds carry.
Plain broad-market value costs less: VTV, IUSV and SCHV all charge under 0.06%.
This is a value tilt, not the whole market. The screen can keep it out of step with a standard US index for long stretches.

VTV Large caps only, about 300 of them. Cheap mid- and small-cap stocks live in separate funds (VOE, VTWV), so this is one slice of value, not the whole market.
It is a value screen by design, so the priciest fast growers are largely filtered out. In growth-led stretches it can move very differently from a total-market fund.
Income arrives quarterly, in four instalments rather than a monthly drip.

Full VLUE profile⁠

Full VTV profile⁠

VLUE vs VTV Holdings

How VLUE and VTV differ

Overlap by weight

29.2%

Shared holdings make up 91.8% of VLUE and 29.3% of VTV.

Level by level

Holdings106 in both29.2%
Sector11 Sectors61.8%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in VLUE and VTV, widest gap first
Sector	More in VLUEMore in VTV	VLUE	VTV
Technology	VLUE +26.7 points	41.0%	14.3%
Financials	VTV +11.4 points	11.0%	22.4%
Health Care	VTV +8.2 points	8.6%	16.8%
Communication	VLUE +6.0 points	9.0%	3.0%
Consumer Discretionary	VLUE +5.6 points	9.3%	3.7%
Industrials	VTV +5.0 points	8.2%	13.2%
Energy	VTV +4.6 points	3.6%	8.2%
Consumer Staples	VTV +4.2 points	4.5%	8.7%
Utilities	VTV +2.4 points	1.8%	4.2%
Materials	VTV +1.3 points	1.8%	3.1%
Real Estate	VTV +1.0 points	1.5%	2.5%

Country, concentration and asset class

Country by domicile

Country weights in VLUE and VTV, widest gap first
Country	More in VLUEMore in VTV	VLUE	VTV
United States	VTV +1.3 points	98.7%	100.0%
China	VLUE +0.7 points	0.7%	0.0%
Other countries (3)	VLUE +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

VLUE42.4%
VTV23.6%

Securities held

VLUE146
VTV299

Asset class

VLUE: Equity
VTV: Equity

Holdings

Only in VLUE40
In both106
Only in VTV193

Only in VLUE

40 securities, 8.1% of VLUE by weight

Nxp Semiconductors NV0.61%
Best Buy0.42%
Twilio Class A0.34%
First Solar0.34%
Ss and C Technologies Holdings0.33%
Okta Class A0.32%
Bunge Global SA0.32%
Royalty Pharma PLC Class A0.31%
Textron Inc0.30%
Gen Digital0.27%
Workday Class A0.27%
Omnicom Group Inc0.26%
Fedex Freight Holding Company Inc0.26%
Flex Ltd0.26%
Fortive0.24%
Leidos Holdings0.24%
F50.22%
Zimmer Biomet Holdings0.19%
Smurfit Westrock PLC0.18%
Super Micro Computer Inc0.18%
Everest Group0.18%
United Therapeutics0.17%
Expand Energy0.16%
Jb Hunt Transport Services0.15%
W. P. Carey Reit0.15%
Cf Industries Holdings Inc0.14%
Amcor PLC0.14%
Evergy0.12%
First Citizens Bancshares Class A0.12%
Deckers Outdoor0.12%
Transunion0.11%
Annaly Capital Management Reit0.10%
Dupont De Nemours0.09%
Mid America Apartment Communities0.09%
Corebridge Financial Inc0.09%
Essex Property Trust Reit0.07%
Pinnacle Financial Partners0.07%
Cooper0.07%
Coeur Mining0.06%
Fidelity National Financial Inc0.05%

Only in VTV

193 securities, 70.9% of VTV by weight

JPMorgan Chase & Co3.34%
Berkshire Hathaway Inc2.93%
ExxonMobil Holdings Corp2.56%
Johnson & Johnson2.42%
AbbVie Inc1.76%
Walmart Inc1.73%
Chevron Corp1.46%
Caterpillar Inc1.42%
Merck & Co Inc1.36%
Procter & Gamble Co/The1.28%
Coca-Cola Co/The1.27%
UnitedHealth Group Inc1.25%
Philip Morris International Inc1.13%
Home Depot Inc/The1.08%
RTX Corp0.95%
Thermo Fisher Scientific Inc0.95%
Goldman Sachs Group Inc/The0.93%
Amgen Inc0.87%
Morgan Stanley0.84%
Linde PLC0.83%
International Business Machines Corp0.79%
Analog Devices Inc0.73%
Gilead Sciences Inc0.70%
PepsiCo Inc0.66%
Deere & Co0.65%
Abbott Laboratories0.65%
Eaton Corp PLC0.63%
General Electric Co0.62%
Union Pacific Corp0.61%
Charles Schwab Corp/The0.61%
American Express Co0.58%
ConocoPhillips0.57%
NextEra Energy Inc0.57%
Blackrock Inc0.56%
Berkshire Hathaway Inc0.55%
Danaher Corp0.53%
Uber Technologies Inc0.50%
Texas Instruments Inc0.49%
Prologis Inc0.47%
Progressive Corp/The0.46%
Parker-Hannifin Corp0.46%
Lockheed Martin Corp0.45%
S&P Global Inc0.43%
Chubb Ltd0.43%
Altria Group Inc0.43%
Marathon Petroleum Corp0.42%
Medtronic PLC0.42%
Lowe's Cos Inc0.39%
Automatic Data Processing Inc0.39%
Phillips 660.39%

Weight gaps

The 100 widest of 106 Holdings in both funds.

Holding weights in VLUE and VTV, widest gap first
Holding	More in VLUEMore in VTV	VLUE	VTV
Micron TechnologyMU	VLUE +15.64 points	20.21%	4.57%
General MotorsGM	VLUE +3.63 points	3.89%	0.26%
Cisco Systems IncCSCO	VLUE +2.70 points	4.15%	1.45%
Verizon Communications IncVZ	VLUE +2.09 points	2.81%	0.72%
AT&TT	VLUE +1.68 points	2.32%	0.64%
Ford Motor CoF	VLUE +1.59 points	1.77%	0.18%
Hewlett Packard EnterpriseHPE	VLUE +1.48 points	1.79%	0.31%
Comcast Class ACMCSA	VLUE +1.41 points	1.70%	0.29%
PfizerPFE	VLUE +1.31 points	1.93%	0.62%
Dell Technologies Inc Class CDELL	VLUE +1.17 points	1.47%	0.30%
Walt DisneyDIS	VLUE +1.06 points	1.75%	0.69%
Fedex CorpFDX	VLUE +1.05 points	1.28%	0.23%
Accenture PLC Class AACN	VLUE +1.03 points	1.46%	0.43%
Cvs HealthCVS	VLUE +0.90 points	1.32%	0.42%
QualcommQCOM	VLUE +0.84 points	1.57%	0.73%
Archer Daniels MidlandADM	VLUE +0.78 points	0.93%	0.15%
United Parcel Service Inc Class BUPS	VLUE +0.78 points	1.05%	0.27%
D R HortonDHI	VLUE +0.77 points	0.90%	0.13%
CignaCI	VLUE +0.72 points	0.99%	0.27%
Bristol Myers SquibbBMY	VLUE +0.69 points	1.17%	0.48%
Kraft HeinzKHC	VLUE +0.68 points	0.75%	0.07%
Devon EnergyDVN	VLUE +0.67 points	0.86%	0.19%
CitigroupC	VLUE +0.66 points	1.48%	0.82%
United RentalsURI	VLUE +0.64 points	0.88%	0.24%
Eog ResourcesEOG	VLUE +0.62 points	0.89%	0.27%
Paccar IncPCAR	VLUE +0.58 points	0.80%	0.22%
Target CorpTGT	VLUE +0.57 points	0.84%	0.27%
PultegroupPHM	VLUE +0.57 points	0.65%	0.08%
SalesforceCRM	VLUE +0.55 points	1.23%	0.68%
KrogerKR	VLUE +0.54 points	0.65%	0.11%
Expedia GroupEXPE	VLUE +0.53 points	0.64%	0.11%
Cognizant Technology Solutions ClaCTSH	VLUE +0.50 points	0.60%	0.10%
Centene CorpCNC	VLUE +0.49 points	0.55%	0.06%
Carnival Corp LtdCCL	VLUE +0.48 points	0.59%	0.11%
Te Connectivity PLCTEL	VLUE +0.47 points	0.70%	0.23%
CsxCSX	VLUE +0.45 points	0.78%	0.33%
Valero Energy CorpVLO	VLUE +0.44 points	0.86%	0.42%
Lennar A Class ALEN	VLUE +0.44 points	0.50%	0.06%
Elevance Health IncELV	VLUE +0.43 points	0.74%	0.31%
Hp IncHPQ	VLUE +0.41 points	0.52%	0.11%
Bank of AmericaBAC	VLUE +0.40 points	1.77%	1.37%
Capital One Financial CorpCOF	VLUE +0.40 points	0.85%	0.45%
L3HARRIS TechnologiesLHX	VLUE +0.37 points	0.54%	0.17%
Tyson Foods Inc Class ATSN	VLUE +0.35 points	0.38%	0.03%
Netapp IncNTAP	VLUE +0.34 points	0.50%	0.16%
PG&E CorpPCG	VLUE +0.31 points	0.41%	0.10%
Zoom Communications Class AZM	VLUE +0.31 points	0.40%	0.09%
Diamondback EnergyFANG	VLUE +0.30 points	0.45%	0.15%
Strategy Inc Class AMSTR	VLUE +0.30 points	0.51%	0.21%
Roper TechnologiesROP	VLUE +0.29 points	0.42%	0.13%
Adobe IncADBE	VLUE +0.28 points	0.64%	0.36%
Prudential Financial IncPRU	VLUE +0.28 points	0.43%	0.15%
BiogenBIIB	VLUE +0.28 points	0.41%	0.13%
Wells FargoWFC	VLUE +0.28 points	1.20%	0.92%
Westinghouse Air Brake TechnologieWAB	VLUE +0.25 points	0.43%	0.18%
On Semiconductor CorpON	VLUE +0.25 points	0.36%	0.11%
Becton DickinsonBDX	VLUE +0.22 points	0.41%	0.19%
MetlifeMET	VLUE +0.22 points	0.41%	0.19%
Truist FinancialTFC	VLUE +0.22 points	0.43%	0.21%
Simon Property Group Reit IncSPG	VLUE +0.21 points	0.44%	0.23%
American International GroupAIG	VLUE +0.20 points	0.35%	0.15%
Dollar Tree IncDLTR	VLUE +0.19 points	0.27%	0.08%
Delta Air LinesDAL	VLUE +0.18 points	0.37%	0.19%
Snap On IncSNA	VLUE +0.18 points	0.25%	0.07%
Edison InternationalEIX	VLUE +0.18 points	0.26%	0.08%
Occidental Petroleum CorpOXY	VLUE +0.17 points	0.33%	0.16%
Keurig Dr Pepper IncKDP	VLUE +0.17 points	0.32%	0.15%
NewmontNEM	VLUE +0.17 points	0.63%	0.46%
Charter Communications Class ACHTR	VLUE +0.17 points	0.19%	0.02%
Global Payments IncGPN	VLUE +0.16 points	0.24%	0.08%
Us BancorpUSB	VLUE +0.16 points	0.50%	0.34%
Exelon CorpEXC	VLUE +0.16 points	0.32%	0.16%
Teledyne TechnologiesTDY	VLUE +0.14 points	0.25%	0.11%
Pnc Financial Services GroupPNC	VLUE +0.13 points	0.47%	0.34%
Fox Class AFOXA	VLUE +0.13 points	0.17%	0.04%
EqtEQT	VLUE +0.11 points	0.17%	0.06%
Labcorp HoldingsLH	VLUE +0.12 points	0.21%	0.09%
Consolidated EdisonED	VLUE +0.12 points	0.26%	0.14%
General Mills IncGIS	VLUE +0.11 points	0.14%	0.03%
Fiserv IncFISV	VLUE +0.11 points	0.19%	0.08%
Eversource EnergyES	VLUE +0.11 points	0.20%	0.09%
HumanaHUM	VLUE +0.11 points	0.28%	0.17%
Realty Income ReitO	VLUE +0.09 points	0.29%	0.20%
Vivmark ResidentialVMRK	VTV +0.10 points	0.08%	0.18%
NucorNUE	VLUE +0.09 points	0.29%	0.20%
Citizens Financial Group IncCFG	VLUE +0.08 points	0.18%	0.10%
Synchrony FinancialSYF	VLUE +0.08 points	0.17%	0.09%
M&T BankMTB	VLUE +0.08 points	0.20%	0.12%
Fox Class BFOX	VLUE +0.08 points	0.11%	0.03%
Dominion EnergyD	VLUE +0.08 points	0.28%	0.20%
Lyondellbasell Industries Class ALYB	VLUE +0.08 points	0.11%	0.03%
International PaperIP	VLUE +0.08 points	0.11%	0.03%
United Airlines HoldingsUAL	VLUE +0.07 points	0.21%	0.14%
Vici Pptys IncVICI	VLUE +0.07 points	0.17%	0.10%
Arch Capital GroupACGL	VLUE +0.08 points	0.19%	0.11%
Huntington Bancshares IncHBAN	VLUE +0.07 points	0.19%	0.12%
International Flavors & FragrancesIFF	VLUE +0.07 points	0.11%	0.04%
Regions FinancialRF	VLUE +0.05 points	0.14%	0.09%
State StreetSTT	VLUE +0.05 points	0.22%	0.17%
Public Storage ReitPSA	VLUE +0.05 points	0.23%	0.18%

All 146 VLUE holdings⁠All 331 VTV 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.

VLUE vs VTV Cost

Overpaying VLUE vs VTV

$2,499

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

VLUE 0.15%
$3,137
VTV 0.03%
$638

Amount$10,000

Years30 years

Cost over time

VLUE 0.15%
VTV 0.03%
Overpaying

Year by year

Year	VLUE	VTV	Overpaying
10	$274	$55	$219
20	$1,071	$216	$855
30	$3,137	$638	$2,499

Expense ratio

0.15%VLUE
0.03%VTV, cheaper

VTV0.03%VLUE0.15%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

VTV cheapest of 40 funds

VLUE 13th cheapest of 40 funds

VLUE vs VTV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): VLUE 1.59%; VTV 1.83%, better
Payout (12M): VLUE $3.09; VTV $4.16
Last payment: VLUE $0.95; VTV $1.02
Ex-dividend: VLUE Sep 15, 2026; VTV Sep 28, 2026
Paid on: VLUE Sep 18, 2026; VTV Sep 30, 2026
Frequency: VLUE Quarterly; VTV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

VLUEQuarterly · 39 paymentsAll VLUE payments⁠

VTVQuarterly · 39 paymentsAll VTV payments⁠

VLUE vs VTV Risk

Fall from peak · 5 years

VLUE
VTV

Risk facts

VolatilityStd dev, 3 years: VLUE 19.4%VTV 11.3%, better
Return per unit of riskSharpe ratio, 3 years: VLUE 1.37VTV 1.44, better
Worst fallMax drawdown, 5 years: VLUE −27.1%VTV −17.0%, better
Market sensitivityBeta, 5 years: VLUE 1.09VTV 0.69; Market = 1

VLUE and VTV in the news

All news⁠

Category Review
U.S. value funds beat the S&P 500 over the past year, but the funds did not move together
Updated Oct 21, 2026VLUEVTV
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026VLUEVTV
Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026VTV
Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026VTV
Head-to-Head
VTV leads VYM over 10 years. The recent gap is one year
Oct 23, 2026VTV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VTV

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VLUE vs VTV

In short

Stated mandate

Why people hold it