TVAL vs VLUE: Differences, Returns & Fees
TVAL and VLUE hold 15% of their weight in the same names, and VLUE returned +61.5% over the year. Net assets on Oct 9, 2026: $1.1bn for T. Rowe Price Value ETF and $9.4bn for iShares MSCI USA Value Factor ETF.
VLUE costs 0.18 points a year less; their one-year returns differ by 34.7 points; VLUE is 8.7 times larger.
| TVAL | VLUE | |
|---|---|---|
| Expense ratio | 0.33% | 0.15% |
| Net assets | $1.1bn | $9.4bn |
| Total return, 1 year | +26.8% | +61.5% |
| What it tracks | No index, actively managed | MSCI USA Enhanced Value Index |
| Holdings in common | 15% | |
| Top ten holdings, share of the fund | 23.0% | 45.5% |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, TVAL and VLUE hold 15% 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 Jun 30, 2026 and Oct 9, 2026.
half
15% in common
On the same fields
TVAL and VLUE on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About TVAL
TVAL is actively managed and tracks no index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 158 positions, with the top ten at 23.0%.
Over the year to Oct 9, 2026 it returned +26.8% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index.
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, TVAL or VLUE?
- In the year to Oct 9, 2026, with distributions reinvested, TVAL returned +26.8% and VLUE +61.5%.
- Which is cheaper, TVAL or VLUE?
- VLUE is cheaper, by 0.18 percentage points a year. That is about $18 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.
Cite this pageCitation, APA and Markdown
ETFIQ, TVAL against VLUE, data as of Oct 9, 2026. https://etfiq.com/compare/any/tval-vs-vlue
ETFIQ. (Oct 9, 2026). TVAL against VLUE. Retrieved from https://etfiq.com/compare/any/tval-vs-vlue
[TVAL against VLUE (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/tval-vs-vlue)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.