Which returned more over the last year, VLUE or VO?

In the year to Oct 28, 2026, with distributions reinvested, VLUE returned +54.7% and VO +12.8%.

Which is cheaper, VLUE or VO?

VO is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do VLUE and VO overlap with the S&P 500?

By their latest filed holdings, 97% of VLUE and 91% of VO by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

VLUE vs VO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VLUE returned +54.7% to VO's +12.8%; 24% of their weight is in the same names.

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Net assets: $9.4bn on Oct 28, 2026 for iShares MSCI USA Value Factor ETF, and $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF.

VLUE on its own →VO on its own →

At a glance

+54.7%

VLUE total return, 1 year

+12.8%

VO total return, 1 year

0.15%

VLUE expense ratio

0.03%

VO expense ratio

Pair scorecard

VO costs 0.12 points a year less; their one-year returns differ by 41.9 points; VO is 11.0 times larger.

VLUE vs VO: Differences, Returns & Fees
Measure	VLUE	VO
Return
Measure	VLUE	VO
Total return, 1 year	+54.7%	+12.8%
Drawdown
Measure	VLUE	VO
Below its high		3.1%, high on Aug 14, 2026
Benchmark
Measure	VLUE	VO
What it tracks	MSCI USA Enhanced Value Index	Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)
Cost and size
Measure	VLUE	VO
Expense ratio	0.15%	0.03%
Net assets, as of Sep 30, 2026	$9.4bn	$103.4bn
Holdings
Measure	VLUE	VO
Holdings in common	24%
Top ten holdings, share of the fund	42.8%	9.7%

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

Risk and return

Apr 26, 2013 to Oct 23, 2026 · 704 weekly returns

VLUE VO

Return

Total return edge VLUE +429.0% +323.6%

Annualized edge VLUE +13.1% +11.3%

Price return edge VLUE +280.4% +245.5%

Risk

Volatility edge VO (slight) 18.3% 17.5%

Max drawdown edge Tie −37.5% −37.4%

Risk-adjusted

Sharpe edge VLUE 0.66 0.59

Sortino edge VLUE 0.95 0.85

Calmar edge VLUE 0.35 0.30

Reading

VLUE returned more: +429.0% to +323.6%. VO swung slightly less: 17.5% to 18.3%. VLUE and VO fell about the same at their worst: −37.5% and −37.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: VLUE vs VO: Differences, Returns & Fees
Measure	VLUE	VO	Edge	How it is measured
Return
Total return	+429.0%	+323.6%	VLUE	Price change plus distributions, reinvested.
Annualized	+13.1%	+11.3%	VLUE	Total return as a yearly rate.
Price return	+280.4%	+245.5%	VLUE	Price change alone, distributions left out.
Risk
Volatility	18.3%	17.5%	VO (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	12.7%	12.2%	VO (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−37.5%	−37.4%	Tie	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.66	0.59	VLUE	Return above Treasury bills per unit of volatility.
Sortino	0.95	0.85	VLUE	Return above Treasury bills per unit of downside deviation.
Calmar	0.35	0.30	VLUE	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 704 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

24%

By the books each fund has filed, VLUE and VO hold 24% 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

24% in common

Positions both hold · largest shared weight first VLUE VO

VALERO ENERGY CORP 0.82% 1.10%

HEWLETT PACKARD ENTERPRISE 1.95% 0.79%

TARGET CORP 0.80% 0.70%

GENERAL MOTORS 3.54% 0.67%

UNITED RENTALS 0.86% 0.61%

TE CONNECTIVITY PLC 0.73% 0.60%

NEWMONT 0.65% 0.60%

PACCAR INC 0.80% 0.57%

STRATEGY INC CLASS A 0.54% 0.55%

DEVON ENERGY 0.84% 0.50%

FORD MOTOR CO 1.67% 0.47%

L3HARRIS TECHNOLOGIES 0.50% 0.44%

Only in one fund ↓

Only in VLUE

MICRON TECHNOLOGY 20.94%

CISCO SYSTEMS INC 4.37%

VERIZON COMMUNICATIONS INC 2.72%

AT&T 2.24%

PFIZER 1.86%

BANK OF AMERICA 1.77%

QUALCOMM 1.73%

DELL TECHNOLOGIES INC CLASS C 1.72%

Only in VO

Cloudflare Inc 1.11%

Marathon Petroleum Corp 1.10%

Phillips 66 1.01%

Quanta Services Inc 0.95%

Vertiv Holdings Co 0.92%

Datadog Inc 0.91%

Howmet Aerospace Inc 0.89%

Robinhood Markets Inc 0.88%

Check overlap with more funds →

Side by side

VLUE iShares MSCI USA Value Factor ETF VO Vanguard Morningstar Mid-Cap ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

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

Total return, 1 year +54.7% +12.8%

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

Gap to its benchmark +41.1 pts vs MLRG not measured

Expense ratio 0.15% 0.03%

Already in the S&P 500 96.6% 91.1%

Holdings 148 273

Net assets, VLUE as of Oct 28, 2026 and VO as of Sep 30, 2026 $9.4bn $103.4bn

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

Client brief · page 1 of 2 Report BR-8296F873B4

VLUE and VO do different jobs. What does each one do in a portfolio?

What each follows. VLUE follows MSCI USA Enhanced Value Index and VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index).
Holdings in common. 24% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
One-year total return. Over 1 year to Oct 28, 2026 VLUE returned +54.7% and VO +12.8% with distributions reinvested, a gap of 41.9 points.

Data as of Oct 28, 2026.

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About each fund

VLUE

VLUE tracks the MSCI USA Value Factor. Over the year to Oct 28, 2026 it returned +54.7% 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 148 positions, with the top ten at 42.8%.

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VLUE or VO?: In the year to Oct 28, 2026, with distributions reinvested, VLUE returned +54.7% and VO +12.8%.
Which is cheaper, VLUE or VO?: VO is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VLUE and VO overlap with the S&P 500?: By their latest filed holdings, 97% of VLUE and 91% of VO by weight is stocks the S&P 500 already holds.

Other comparisons

MDY vs VLUE MOAT vs VLUE IJH vs VLUE VLUE vs VXF VO vs VYM IWD vs VO VO vs VTV FDVV vs VO

Where to next

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

Sources and dates

VLUE filings on SEC EDGAR ↗

VLUE prospectus with the expense ratio (SEC) ↗

iShares page for VLUE ↗

VO filings on SEC EDGAR ↗

VO prospectus with the expense ratio (SEC) ↗

Vanguard page for VO ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, VLUE against VO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vlue-vs-vo

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