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SPLV vs VLUE: Differences, Returns & Fees

SPLV and VLUE hold 7% of their weight in the same names, and VLUE returned +61.5% over the year. Net assets on Oct 9, 2026: $7.0bn for Invesco S&P 500 Low Volatility ETF and $9.4bn for iShares MSCI USA Value Factor ETF.

VLUE costs 0.10 points a year less; their one-year returns differ by 59.5 points; VLUE is 1.3 times larger.

SPLV vs VLUE: Differences, Returns & Fees
SPLVVLUE
Expense ratio0.25%0.15%
Net assets$7.0bn$9.4bn
Total return, 1 year+2.0%+61.5%
What it tracksS&P 500 Low Volatility IndexMSCI USA Enhanced Value Index
Holdings in common7%
Holdings datedOct 10, 2026Oct 9, 2026
Top ten holdings, share of the fund12.7%45.5%
Below its high7.1%, high on Jul 28, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+2.0%
SPLV total return, 1 year
+61.5%
VLUE total return, 1 year
0.25%
SPLV expense ratio
0.15%
VLUE expense ratio

What they hold in common

By the books each fund has filed, SPLV and VLUE hold 7% 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

7% in common

Positions both hold, largest shared weight first
Holding SPLV VLUE
Bank of America Corp 0.81% 1.87%
CSX Corp 0.86% 0.69%
US Bancorp 0.82% 0.47%
PNC Financial Services Group Inc/The 0.83% 0.44%
Prudential Financial Inc 0.84% 0.41%
MetLife Inc 0.90% 0.39%
Simon Property Group Inc 0.98% 0.39%
Truist Financial Corp 0.76% 0.39%
Exelon Corp 1.01% 0.28%
Realty Income Corp 1.11% 0.27%
Dominion Energy Inc 0.92% 0.25%
Snap-on Inc 0.92% 0.25%
Only in SPLV
Berkshire Hathaway Inc 1.44%
WEC Energy Group Inc 1.27%
FirstEnergy Corp 1.27%
Duke Energy Corp 1.27%
Regency Centers Corp 1.25%
Atmos Energy Corp 1.25%
Pinnacle West Capital Corp 1.23%
Alliant Energy Corp 1.22%
Only in VLUE
MICRON TECHNOLOGY 22.84%
CISCO SYSTEMS INC 4.57%
GENERAL MOTORS 3.58%
VERIZON COMMUNICATIONS INC 2.54%
AT&T 2.34%
HEWLETT PACKARD ENTERPRISE 2.31%
DELL TECHNOLOGIES INC CLASS C 1.98%
PFIZER 1.74%

Check overlap with more funds →

On the same fields

SPLV
Invesco S&P 500 Low Volatility ETF
VLUE
iShares MSCI USA Value Factor ETF
Where it sits Stock ETF Stock ETF
Issuer Invesco iShares
What it is Tracks an index Tracks the MSCI USA Value Factor
Total return, 1 year +2.0% +61.5%
Expense ratio 0.25% 0.15%
Already in the S&P 500 98.7% 96.6%
Holdings 108 148
Net assets $7.0bn $9.4bn

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

About SPLV

SPLV tracks an index. Over the year to Oct 9, 2026 it returned +2.0% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 108 positions, with the top ten at 12.7%. It sat 7.1% below its high of Jul 28, 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, SPLV or VLUE?
In the year to Oct 9, 2026, with distributions reinvested, SPLV returned +2.0% and VLUE +61.5%.
Which is cheaper, SPLV or VLUE?
VLUE 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 SPLV and VLUE overlap with the S&P 500?
By their latest filed holdings, 99% of SPLV and 97% of VLUE by weight is stocks the S&P 500 already holds.
Other comparisons
SPLV vs SPYDSPLV vs TVALSPLV vs VTVPRF vs SPLVSPYD vs VLUEJAVA vs VLUEDFLV vs VLUEVLUE vs VOOV
SPLV on its own →VLUE on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
SPLV filings on SEC EDGAR ↗SPLV prospectus with the expense ratio (SEC) ↗Invesco page for SPLV ↗VLUE filings on SEC EDGAR ↗VLUE prospectus with the expense ratio (SEC) ↗iShares page for VLUE ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, SPLV against VLUE, data as of Oct 9, 2026. https://etfiq.com/compare/any/splv-vs-vlue

Open data

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