A
vs
B
Share on XDownload as PDFCompare their flowsAsk about these two funds

PKW vs VFMF: how they differ

PKW and VFMF hold 19% of their weight in the same names, and VFMF returned +29.9% over the year. Invesco BuyBack Achievers ETF and Vanguard U.S. Multifactor ETF.

VFMF costs 0.45 points a year less; their one-year returns differ by 17.4 points; PKW is 1.5 times larger.

PKWVFMF
Expense ratio0.63%0.18%
Net assets, PKW as of Oct 9, 2026 and VFMF as of Sep 30, 2026$1.7bn$1.1bn
Total return, 1 year+12.5%+29.9%
Holdings in common19%
Nasdaq-100, total return, 1 year+23.6%
Top ten holdings, share of the fund41.3%8.9%
Below its high4.5%, high on Sep 3, 2026

Holdings in common uses holdings dated May 31, 2026 and Oct 8, 2026.

+12.5%
PKW total return, 1 year
+29.9%
VFMF total return, 1 year
0.63%
PKW expense ratio
0.18%
VFMF expense ratio

What they hold in common

By the books each fund has filed, PKW and VFMF hold 19% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 8, 2026.

half

19% in common

Positions both hold, largest shared weight first
Holding PKW VFMF
Travelers Cos Inc/The 2.55% 0.83%
HCA Healthcare Inc 2.54% 0.68%
Wells Fargo & Co 4.63% 0.61%
Valero Energy Corp 4.07% 0.59%
General Motors Co 2.43% 0.56%
Adobe Inc 3.10% 0.54%
Citigroup Inc 4.26% 0.48%
Bank of America Corp 4.39% 0.41%
Johnson Controls International plc 3.26% 0.39%
BorgWarner Inc 0.40% 0.34%
Popular Inc 0.32% 0.35%
Ryder System Inc 0.28% 0.33%
Only in PKW
Salesforce Inc 5.98%
Cheniere Energy Inc 2.06%
MSCI Inc 1.25%
Workday Inc 1.07%
DR Horton Inc 0.96%
Zoetis Inc 0.94%
AerCap Holdings NV 0.86%
Corpay Inc 0.80%
Only in VFMF
Micron Technology Inc 1.25%
Newmont Corp 0.89%
Bristol-Myers Squibb Co 0.88%
ConocoPhillips 0.86%
Bank of New York Mellon Corp/The 0.86%
EOG Resources Inc 0.84%
Altria Group Inc 0.83%
Cisco Systems Inc 0.83%

Check overlap with more funds →

On the same fields

PKW
Invesco BuyBack Achievers ETF
VFMF
Vanguard U.S. Multifactor ETF
Where it sits Stock ETF Stock ETF
Issuer Invesco Vanguard
What it is Tracks an index Actively managed
Total return, 1 year +12.5% +29.9%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −4.8 pts +12.7 pts
Expense ratio 0.63% 0.18%
Already in the S&P 500 68.8% 46.9%
Holdings 288 613
Net assets, PKW as of Oct 9, 2026 and VFMF as of Sep 30, 2026 $1.7bn $1.1bn

PKW and VFMF on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

PKW in plain words

PKW tracks an index. Over the year to Oct 9, 2026 it returned +12.5% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.63% a year. By its holdings published by its issuer for Oct 8, 2026, 69% of the fund by weight is stocks the S&P 500 also holds, across 288 positions, with the top ten at 41.3%. It sat 4.5% below its high of Sep 3, 2026 on Oct 9, 2026.

VFMF in plain words

VFMF is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +29.9% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 47% of the fund by weight is stocks the S&P 500 also holds, across 613 positions, with the top ten at 8.9%.

Questions people ask

Which returned more over the last year, PKW or VFMF?
In the year to Oct 9, 2026, with distributions reinvested, PKW returned +12.5% and VFMF +29.9%.
Which is cheaper, PKW or VFMF?
VFMF is cheaper, by 0.45 percentage points a year. On $10,000 held for a year that difference is about $45. Fees come from each fund's prospectus.
How much do PKW and VFMF overlap with the S&P 500?
By their latest filed holdings, 69% of PKW and 47% of VFMF by weight is stocks the S&P 500 already holds.
Other comparisons
IMCV vs PKWFXO vs PKWIVOV vs PKWFTXR vs PKWFEX vs VFMFDHS vs VFMFFTA vs VFMFFXO vs VFMF
PKW on its own →VFMF on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
PKW filings on SEC EDGAR ↗PKW prospectus with the expense ratio (SEC) ↗Invesco page for PKW ↗VFMF filings on SEC EDGAR ↗VFMF prospectus with the expense ratio (SEC) ↗Vanguard page for VFMF ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Cite this page

ETFIQ, PKW against VFMF, data as of Oct 9, 2026. https://etfiq.com/compare/any/pkw-vs-vfmf

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.