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VONV vs XSVM

Vanguard Russell 1000 Value ETF

VONVANasdaq

Invesco S&P SmallCap Value with Momentum ETF

XSVMCNYSE Arca

Overlap

0.1%by weight

Expense ratio

VONV −0.30pt a year

VONV0.06%XSVM0.36%

Avg volume · 30D

VONV 22.3×the volume

VONV774KXSVM34.7K

10Y return · a year

XSVM +0.4pt

VONV+12.0%XSVM+12.4%

VONV vs XSVM Performance

Oct 29, 2021 – Oct 30, 2026

+73.8%VONV+40.5%XSVM

Oct 29, 2021 to Oct 30, 2026. VONV +73.8%. XSVM +40.5%. Use the arrow keys to read each point.−20%0%20%60%Oct 2021Apr 2024Oct 2026
Expense ratio
VONV 0.06%, better
XSVM 0.36%
Fund size
VONV $23.3B
XSVM $589M
1Y total return
VONV +28.5%, better
XSVM +25.6%
Yield (12M)
VONV 1.53%
XSVM 1.88%, better
Holdings
VONV 873
XSVM 119
Avg volume (30D)
VONV 774K sh, better
XSVM 34.7K sh
NAV per share
VONV $113.44
XSVM $67.35
52W range

ETF.net Grade

VONV: Cost 96, Risk 86, Mission 100, Tradability 60, Holdings 49, Durability 93. XSVM: Cost 42, Risk 29, Mission 73, Tradability 54, Holdings 59, Durability 68.
Pillar letters and Scores for VONV, XSVM, with each pillar’s weight
PillarVONVXSVM
Cost30% weightA96HigherC42
Mission25% weightA100HigherA73
Risk15% weightA86HigherD29
Tradability15% weightB60HigherC54
Holdings10% weightC49B59Higher
Durability5% weightA93HigherB68

Rank among US Multifactor funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. VONV and XSVM 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 XSVM 56th of 99 funds in the US Multifactor Category.

  1. Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
  2. Rank 2AILCViShares Morningstar Value ETFScore 81
  3. Rank 56CQGRWWisdomTree U.S. Quality Growth FundScore 52
  4. Rank 56CXSVMInvesco S&P SmallCap Value with Momentum ETFScore 52
  5. Rank 64CDSTLDistillate U.S. Fundamental Stability & Value ETFScore 50

Our read on each fund

ETF.net Research

VONVAVanguard Russell 1000 Value ETF

XSVMCInvesco S&P SmallCap Value with Momentum ETF

In short

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.

XSVM Small-cap value with a momentum tiebreaker: 120 of the S&P SmallCap 600's cheaper names, weighted by how cheap they are rather than how big. Live since 2005, priced at 0.36%.

Stated mandate

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.

XSVM The Fund seeks to track the S&P 600 High Momentum Value Index, which selects 120 securities from the S&P SmallCap 600 Index using value and momentum scores.

Why people hold it

  • 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.
  • XSVM Constituents are weighted by value score, so the cheapest names carry the biggest weights. A genuine deep-value tilt, not a cap-weighted index wearing a value label.spglobal.com
  • Momentum is the second gate: S&P screens the 600 on value, then ranks that pool on momentum and keeps 120. A built-in check against buying cheap stocks that keep falling.spglobal.com
  • Trading since 2005, so the strategy has a live record spanning the 2008 crash, not just a backtest.
  • Rebalances every June and December, which keeps the portfolio recognizably cheap instead of letting winners quietly take over.spglobal.com

Worth knowing

  • 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.
  • XSVM At 0.36% it sits above the category median, and the group's cheapest options are far lower: VONV at 0.06%, ILCV at 0.04%.
  • Deep value in small caps is a bumpy ride, and this has been one of the more volatile funds in its peer group.
  • About 120 names and lighter trading than the category's giants, so spreads can matter more on entry and exit.

Full VONV profile⁠

Full XSVM profile⁠

VONV vs XSVM Holdings

How VONV and XSVM differ

Overlap by weight

0.1%

Shared holdings make up 3.9% of XSVM and 0.1% of VONV.

Level by level

  • Holdings4 in both0.1%
  • Sector11 Sectors58.6%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in VONV and XSVM, widest gap first
SectorMore in VONVMore in XSVM
FinancialsXSVM +27.5 points
TechnologyVONV +18.9 points
Health CareVONV +12.0 points
Consumer DiscretionaryXSVM +8.2 points
Real EstateXSVM +5.4 points
IndustrialsVONV +5.0 points
Consumer StaplesVONV +2.9 points
UtilitiesVONV +1.5 points
CommunicationVONV +1.0 points
EnergyXSVM +0.3 points
MaterialsSame weight

Country, concentration and asset class

Country by domicile

Country weights in VONV and XSVM, widest gap first
CountryMore in VONVMore in XSVM
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • VONV29.8%
  • XSVM16.4%

Securities held

  • VONV871
  • XSVM118

Asset class

VONV
Equity
XSVM
Equity

Holdings

  • Only in VONV867
  • In both4
  • Only in XSVM114

Only in VONV

867 securities, 99.8% of VONV by weight

  • Amazon.com Inc6.09%
  • Apple Inc6.07%
  • Microsoft Corp5.24%

Only in XSVM

114 securities, 96.0% of XSVM by weight

  • Kohl's Corp3.26%
  • MarineMax Inc1.67%
  • Sally Beauty Holdings Inc1.65%

Weight gaps

All 4 Holdings in both funds, largest gap first.

Holding weights in VONV and XSVM, widest gap first
HoldingMore in VONVMore in XSVM
Lincoln National CorpLNCXSVM +1.76 points
Millrose PropertiesMRPXSVM +0.84 points
First Hawaiian IncFHBXSVM +0.65 points
Virtu Financial IncVIRTXSVM +0.63 points

All 872 VONV holdings⁠All 118 XSVM 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.

VONV vs XSVM Cost

Overpaying XSVM vs VONV

$6,050

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

  • VONV 0.06%

    $1,270

  • XSVM 0.36%

    $7,320

$10,000
30 years

Cost over time

  • VONV 0.06%
  • XSVM 0.36%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XSVM $7,320VONV $1,270

Year by year

YearVONVXSVMOverpaying
10$110$652$542
20$432$2,522$2,090
30$1,270$7,320$6,050

Expense ratio

  • 0.06%VONV, cheaper
  • 0.36%XSVM
  • Middle half of US Multifactor funds
  • Median 0.29%

VONV 4th cheapest of 99 funds

XSVM 60th cheapest of 99 funds

VONV vs XSVM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
VONV 1.53%
XSVM 1.88%, better
Payout (12M)
VONV $1.74
XSVM $1.27
Last payment
VONV $0.42
XSVM $0.41
Ex-dividend
VONV Sep 23, 2026
XSVM Sep 21, 2026
Paid on
VONV Sep 25, 2026
XSVM Sep 25, 2026
Frequency
VONV Quarterly
XSVM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

VONVQuarterly · 39 paymentsAll VONV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.21; Jun 28, 2017 $0.29; Sep 27, 2017 $0.34; Dec 14, 2017 $0.34; Mar 22, 2018 $0.24; Jun 28, 2018 $0.32; Sep 26, 2018 $0.33; Dec 13, 2018 $0.35; Mar 25, 2019 $0.29; Jun 21, 2019 $0.32; Sep 26, 2019 $0.38; Dec 16, 2019 $0.39; Mar 26, 2020 $0.36; Jun 25, 2020 $0.32; Sep 11, 2020 $0.28; Dec 17, 2020 $0.39; Mar 26, 2021 $0.26; Jun 29, 2021 $0.27; Sep 29, 2021 $0.33; Dec 16, 2021 $0.37; Mar 24, 2022 $0.30; Jun 29, 2022 $0.37; Sep 28, 2022 $0.38; Dec 15, 2022 $0.42; Mar 23, 2023 $0.32; Jun 23, 2023 $0.35; Sep 21, 2023 $0.39; Dec 19, 2023 $0.46; Mar 21, 2024 $0.33; Jun 27, 2024 $0.39; Sep 26, 2024 $0.44; Dec 23, 2024 $0.44; Mar 25, 2025 $0.38; Jun 20, 2025 $0.40; Sep 24, 2025 $0.40; Dec 22, 2025 $0.49; Mar 24, 2026 $0.41; Jun 18, 2026 $0.41; Sep 23, 2026 $0.42. Use the arrow keys to read each point.$0$0.502017202020232026YTD
XSVMQuarterly · 37 paymentsAll XSVM payments⁠
One bar per payment. 37 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.02; Jun 16, 2017 $0.10; Sep 18, 2017 $0.16; Dec 18, 2017 $0.31; Jun 18, 2018 $0.27; Sep 24, 2018 $0.11; Dec 24, 2018 $0.28; Jun 24, 2019 $0.16; Sep 23, 2019 $0.07; Dec 23, 2019 $0.18; Mar 23, 2020 $0.19; Jun 22, 2020 $0.08; Sep 21, 2020 $0.07; Dec 21, 2020 $0.09; Mar 22, 2021 $0.12; Jun 21, 2021 $0.11; Sep 20, 2021 $0.16; Dec 20, 2021 $0.28; Mar 21, 2022 $0.21; Jun 21, 2022 $0.21; Sep 19, 2022 $0.18; Dec 19, 2022 $0.22; Mar 20, 2023 $0.12; Jun 20, 2023 $0.19; Sep 18, 2023 $0.19; Dec 18, 2023 $0.21; Mar 18, 2024 $0.22; Jun 24, 2024 $0.25; Sep 23, 2024 $0.24; Dec 23, 2024 $0.22; Mar 24, 2025 $0.40; Jun 23, 2025 $0.27; Sep 22, 2025 $0.39; Dec 22, 2025 $0.25; Mar 23, 2026 $0.29; Jun 22, 2026 $0.31; Sep 21, 2026 $0.41. Use the arrow keys to read each point.$0$0.502017202020232026YTD

VONV vs XSVM Risk

Fall from peak · 5 years

  • VONV
  • XSVM
Oct 29, 2021 to Oct 30, 2026. Worst fall: XSVM −26.2% · Apr 2025. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
VONV 12.1%, betterXSVM 19.1%
Return per unit of riskSharpe ratio, 3 years
VONV 1.43, betterXSVM 0.65
Worst fallMax drawdown, 5 years
VONV −18.9%, betterXSVM −26.2%
Market sensitivityBeta, 5 years
VONV 0.85XSVM 0.91

VONV and XSVM in the news

All news⁠

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