Which returned more over the last year, QUAL or VOE?

In the year to Oct 28, 2026, with distributions reinvested, QUAL returned +13.1% and VOE +22.8%.

Which is cheaper, QUAL or VOE?

VOE is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do QUAL and VOE overlap with the S&P 500?

By their latest filed holdings, 97% of QUAL and 96% of VOE by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

QUAL vs VOE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QUAL returned +13.1% to VOE's +22.8%; 6% of their weight is in the same names.

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Net assets: $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF, and $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF.

QUAL on its own →VOE on its own →

At a glance

+13.1%

QUAL total return, 1 year

+22.8%

VOE total return, 1 year

0.15%

QUAL expense ratio

0.05%

VOE expense ratio

Pair scorecard

VOE costs 0.10 points a year less; their one-year returns differ by 9.7 points; QUAL is 2.1 times larger.

QUAL vs VOE: Differences, Returns & Fees
Measure	QUAL	VOE
Return
Measure	QUAL	VOE
Total return, 1 year	+13.1%	+22.8%
Benchmark
Measure	QUAL	VOE
What it tracks	MSCI USA Sector Neutral Quality Index	Morningstar US Mid Cap Value Index
Cost and size
Measure	QUAL	VOE
Expense ratio	0.15%	0.05%
Net assets, as of Sep 30, 2026	$47.7bn	$22.8bn
Holdings
Measure	QUAL	VOE
Holdings in common	6%
Top ten holdings, share of the fund	44.5%	14.0%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, QUAL and VOE hold 6% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first QUAL VOE

XCEL ENERGY INC 0.51% 0.75%

CONSOLIDATED EDISON 0.50% 0.64%

PULTEGROUP 0.40% 0.37%

AMEREN 0.33% 0.47%

PUBLIC STORAGE REIT 0.31% 0.81%

SLB 0.31% 1.23%

AMERICAN WATER WORKS 0.30% 0.44%

NETAPP INC 0.30% 0.70%

VIVMARK RESIDENTIAL 0.28% 0.80%

TRAVELERS COMPANIES 0.26% 0.63%

EXPEDITORS INTERNATIONAL OF WASHIN 0.23% 0.41%

CBRE GROUP CLASS A 0.22% 0.63%

Only in one fund ↓

Only in QUAL

MICROSOFT 8.09%

APPLE 7.38%

NVIDIA 6.28%

META PLATFORMS CLASS A 4.06%

ELI LILLY 4.04%

TJX 3.50%

VISA CLASS A 3.44%

LAM RESEARCH 2.84%

Only in VOE

Valero Energy Corp 1.90%

Marathon Petroleum Corp 1.89%

Phillips 66 1.73%

Hewlett Packard Enterprise Co 1.37%

Warner Bros Discovery Inc 1.25%

Target Corp 1.21%

Cummins Inc 1.21%

General Motors Co 1.15%

Check overlap with more funds →

Side by side

QUAL iShares MSCI USA Quality Factor ETF VOE Vanguard Morningstar Mid-Cap Value ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks the MSCI USA Quality Factor Tracks an index of Mid-Cap Value

Total return, 1 year +13.1% +22.8%

Its benchmark over the same days +13.6% (MLRG) not measured

Gap to its benchmark −0.5 pts vs MLRG not measured

Expense ratio 0.15% 0.05%

Already in the S&P 500 97.2% 96.0%

Holdings 119 169

Net assets, QUAL as of Oct 28, 2026 and VOE as of Sep 30, 2026 $48.2bn $22.8bn

QUAL and VOE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.

VOE

VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.

Questions people ask

Which returned more over the last year, QUAL or VOE?: In the year to Oct 28, 2026, with distributions reinvested, QUAL returned +13.1% and VOE +22.8%.
Which is cheaper, QUAL or VOE?: VOE is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QUAL and VOE overlap with the S&P 500?: By their latest filed holdings, 97% of QUAL and 96% of VOE by weight is stocks the S&P 500 already holds.

Other comparisons

QUAL vs RSP QUAL vs SDY COWZ vs QUAL NOBL vs QUAL CGGR vs VOE DIA vs VOE RDVY vs VOE VIG vs VOE

Where to next

QUAL on its own →VOE on its own →Hold both: look the portfolio through →Rankings →QUAL dividend history →QUAL holdings →VOE dividend history →VOE holdings →Standards and sources →

Sources and dates

QUAL filings on SEC EDGAR ↗

QUAL prospectus with the expense ratio (SEC) ↗

iShares page for QUAL ↗

VOE filings on SEC EDGAR ↗

VOE prospectus with the expense ratio (SEC) ↗

Vanguard page for VOE ↗

Links are sources, not endorsements. 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, QUAL against VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/qual-vs-voe

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