Data as of Oct 28, 2026.
TVAL vs VOOV: Differences, Returns & Fees
Over the year to Oct 28, 2026, TVAL returned +28.0% to VOOV's +15.5%; 42% of their weight is in the same names.
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Net assets: $1.1bn on Oct 27, 2026 for T. Rowe Price Value ETF, and $6.6bn on Sep 30, 2026 for Vanguard S&P 500 Value ETF.
Pair scorecard
VOOV costs 0.26 points a year less; their one-year returns differ by 12.5 points.
| Measure | TVAL | VOOV |
|---|---|---|
| Return | ||
| Total return, 1 year | +28.0% | +15.5% |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P 500 Value Index |
| Cost and size | ||
| Expense ratio | 0.33% | 0.07% |
| Net assets, TVAL as of Oct 27, 2026 and VOOV as of Sep 30, 2026 | $1.1bn | $6.6bn |
| Holdings | ||
| Holdings in common | 42% | |
| Top ten holdings, share of the fund | 23.0% | 24.8% |
Holdings in common uses holdings dated Jun 30, 2026 and Sep 30, 2026. Method
Risk and return
Jun 23, 2023 to Oct 23, 2026 · 174 weekly returnsEach against its own benchmark: TVAL against IWD, Jun 23, 2023 to Oct 23, 2026; VOOV against IVE, Sep 17, 2010 to Oct 23, 2026.
TVAL returned more: +80.2% to +61.5%. TVAL and VOOV swung about the same: 12.0% and 12.0%. TVAL fell less at its worst: −13.3% to −15.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | TVAL | VOOV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +80.2% | +61.5% | TVAL | Price change plus distributions, reinvested. |
| Annualized | +19.2% | +15.4% | TVAL | Total return as a yearly rate. |
| Price return | +75.0% | +51.0% | TVAL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.0% | 12.0% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.1% | 8.2% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −13.3% | −15.3% | TVAL | Deepest fall from a high to the low after it. |
| Upside capture | 94.6% | 99.3% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 94.3% | 99.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.96 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.97 | 0.99 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.15 | 0.88 | TVAL | Return above Treasury bills per unit of volatility. |
| Sortino | 1.70 | 1.29 | TVAL | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.144 | 0.112 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.44 | 1.00 | TVAL | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWD | IVE | The ETF each fund is measured against. | |
| Alpha | +0.9% a year | +0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.75 | 0.32 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.5% to +3.3% | −0.5% to +0.7% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.14 | 0.04 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.3% | 1.2% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 174 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, TVAL and VOOV hold 42% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Sep 30, 2026.
half
42% in common
Only in one fund ↓
Side by side
TVAL and VOOV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
TVAL and VOOV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. TVAL follows No index, actively managed and VOOV follows S&P 500 Value Index.
- Holdings in common. 42% of the weight is in the same securities (holdings dated Jun 30, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 TVAL returned +28.0% and VOOV +15.5% with distributions reinvested, a gap of 12.5 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +28.0% with distributions reinvested, against +27.5% for its benchmark, the Russell 1000 Value Index.
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%.
VOOV
VOOV tracks an index. Over the year to Oct 28, 2026 it returned +15.5% with distributions reinvested, against +15.4% for its benchmark, the S&P 500 Value Index. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer as of Sep 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 438 positions, with the top ten at 24.8%.
Questions people ask
- Which returned more over the last year, TVAL or VOOV?
- In the year to Oct 28, 2026, with distributions reinvested, TVAL returned +28.0% and VOOV +15.5%.
- Which is cheaper, TVAL or VOOV?
- VOOV is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.
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, TVAL against VOOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/tval-vs-voov
ETFIQ. (Oct 28, 2026). TVAL against VOOV. Retrieved from https://etfiq.com/compare/any/tval-vs-voov
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