Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
QUAL vs VOE: how they differ
QUAL and VOE hold 8% of their weight in the same names, and VOE returned more over the year.
iShares MSCI USA Quality Factor ETF and Vanguard Mid-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, QUAL and VOE hold 8% of their money in the same securities at the same weight.
| Holding | QUAL | VOE |
|---|---|---|
| SLB N.V. | 1.56% | 1.21% |
| D.R. HORTON, INC. | 0.76% | 0.72% |
| DIAMONDBACK ENERGY, INC. | 0.66% | 0.60% |
| DEVON ENERGY CORPORATION | 0.51% | 0.83% |
| PULTEGROUP, INC. | 0.50% | 0.45% |
| HALLIBURTON COMPANY | 0.60% | 0.44% |
| NIKE, INC. | 0.93% | 0.43% |
| NEWMONT CORPORATION | 0.42% | 0.86% |
| SIMON PROPERTY GROUP, INC. | 0.36% | 1.20% |
| PUBLIC STORAGE. | 0.25% | 0.87% |
| The Travelers Companies, Inc. | 0.25% | 0.61% |
| CBRE GROUP, INC. | 0.19% | 0.68% |
| Only in QUAL | Only in VOE |
|---|---|
| NVIDIA CORPORATION 6.52% | Cummins Inc 1.71% |
| APPLE INC. 6.28% | Valero Energy Corp 1.34% |
| MICROSOFT CORPORATION 5.05% | Marathon Petroleum Corp 1.29% |
| META PLATFORMS, INC. 3.50% | CRH PLC 1.24% |
| LAM RESEARCH CORPORATION 3.23% | United Rentals Inc 1.23% |
| THE TJX COMPANIES, INC. 3.19% | General Motors Co 1.21% |
| VISA INC. 3.09% | Phillips 66 1.18% |
| ELI LILLY AND COMPANY 2.92% | Warner Bros Discovery Inc 1.10% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| QUAL iShares MSCI USA Quality Factor ETF | VOE Vanguard Mid-Cap Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI USA Quality Factor | Mid-Cap Value |
| Total return, 1 year | +16.0% | +20.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −1.5 pts | +2.7 pts |
| Expense ratio | 0.15% | 0.05% |
| Already in the S&P 500 | 98.9% | 96.6% |
| Holdings | 121 | 170 |
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 39.1%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
Questions people ask
- Which returned more over the last year, QUAL or VOE?
- In the year to Sep 12, 2026, with distributions reinvested, QUAL returned +16.0% and VOE returned +20.2%, so VOE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QUAL or VOE?
- QUAL charges 0.15% a year and VOE charges 0.05%, so VOE is cheaper. Fees come from each fund's prospectus.
- How much do QUAL and VOE overlap with the S&P 500?
- By their latest filed holdings, 99% of QUAL and 97% of VOE by weight is stocks the S&P 500 already holds. Between the two funds, 8% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QUAL against VOE, data as of Sep 12, 2026. https://etfiq.com/compare/any/QUAL-VOE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources