PWV vs VLUE: Differences, Returns & Fees
PWV and VLUE hold 25% of their weight in the same names, and VLUE returned +61.5% over the year. Net assets on Oct 9, 2026: $1.8bn for Invesco Large Cap Value ETF and $9.4bn for iShares MSCI USA Value Factor ETF.
VLUE costs 0.40 points a year less; their one-year returns differ by 39.0 points; VLUE is 5.1 times larger.
| PWV | VLUE | |
|---|---|---|
| Expense ratio | 0.55% | 0.15% |
| Net assets | $1.8bn | $9.4bn |
| Total return, 1 year | +22.5% | +61.5% |
| What it tracks | Dynamic Large Cap Value Intellidex Index | MSCI USA Enhanced Value Index |
| Holdings in common | 25% | |
| Holdings dated | Oct 10, 2026 | Oct 9, 2026 |
| Top ten holdings, share of the fund | 33.8% | 45.5% |
| Below its high | 6.5%, high on Sep 3, 2026 | |
Holdings in common uses holdings dated Oct 9, 2026.
What they hold in common
By the books each fund has filed, PWV and VLUE hold 25% 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 Oct 9, 2026.
half
25% in common
On the same fields
PWV and VLUE on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About PWV
PWV tracks an index. Over the year to Oct 9, 2026 it returned +22.5% with distributions reinvested. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 10, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 33.8%. It sat 6.5% below its high of Sep 3, 2026 on Oct 9, 2026.
About VLUE
VLUE tracks the MSCI USA Value Factor. Over the year to Oct 9, 2026 it returned +61.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 148 positions, with the top ten at 45.5%.
Questions people ask
- Which returned more over the last year, PWV or VLUE?
- In the year to Oct 9, 2026, with distributions reinvested, PWV returned +22.5% and VLUE +61.5%.
- Which is cheaper, PWV or VLUE?
- VLUE is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, PWV against VLUE, data as of Oct 9, 2026. https://etfiq.com/compare/any/pwv-vs-vlue
ETFIQ. (Oct 9, 2026). PWV against VLUE. Retrieved from https://etfiq.com/compare/any/pwv-vs-vlue
[PWV against VLUE (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/pwv-vs-vlue)
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