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

In the year to Oct 28, 2026, with distributions reinvested, VLUE returned +54.7% and VOE +22.8%.

Which is cheaper, VLUE 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 VLUE and VOE overlap with the S&P 500?

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

Data as of Oct 28, 2026.

Across categories

VLUE vs VOE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VLUE returned +54.7% to VOE's +22.8%; 28% 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 $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF.

VLUE on its own →VOE on its own →

At a glance

+54.7%

VLUE total return, 1 year

+22.8%

VOE total return, 1 year

0.15%

VLUE expense ratio

0.05%

VOE expense ratio

Pair scorecard

VOE costs 0.10 points a year less; their one-year returns differ by 31.9 points; VOE is 2.4 times larger.

VLUE vs VOE: Differences, Returns & Fees
Measure	VLUE	VOE
Return
Measure	VLUE	VOE
Total return, 1 year	+54.7%	+22.8%
Benchmark
Measure	VLUE	VOE
What it tracks	MSCI USA Enhanced Value Index	Morningstar US Mid Cap Value Index
Cost and size
Measure	VLUE	VOE
Expense ratio	0.15%	0.05%
Net assets, as of Sep 30, 2026	$9.4bn	$22.8bn
Holdings
Measure	VLUE	VOE
Holdings in common	28%
Top ten holdings, share of the fund	42.8%	14.0%

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

What they share

28%

By the books each fund has filed, VLUE and VOE hold 28% 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

28% in common

Positions both hold · largest shared weight first VLUE VOE

HEWLETT PACKARD ENTERPRISE 1.95% 1.37%

GENERAL MOTORS 3.54% 1.15%

UNITED RENTALS 0.86% 1.06%

DEVON ENERGY 0.84% 0.86%

VALERO ENERGY CORP 0.82% 1.90%

FORD MOTOR CO 1.67% 0.80%

PACCAR INC 0.80% 0.98%

TARGET CORP 0.80% 1.21%

TE CONNECTIVITY PLC 0.73% 1.04%

ARCHER DANIELS MIDLAND 0.94% 0.65%

NEWMONT 0.65% 1.03%

D R HORTON 0.89% 0.58%

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 VOE

Marathon Petroleum Corp 1.89%

Phillips 66 1.73%

Warner Bros Discovery Inc 1.25%

SLB Ltd 1.23%

Cummins Inc 1.21%

Digital Realty Trust Inc 1.10%

American Electric Power Co Inc 1.10%

Air Products and Chemicals Inc 1.05%

Check overlap with more funds →

Side by side

VLUE iShares MSCI USA Value 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 Value Factor Tracks an index of Mid-Cap Value

Total return, 1 year +54.7% +22.8%

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% 0.05%

Already in the S&P 500 96.6% 96.0%

Holdings 148 169

Net assets, VLUE as of Oct 28, 2026 and VOE as of Sep 30, 2026 $9.4bn $22.8bn

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

Alert

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%.

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, VLUE or VOE?: In the year to Oct 28, 2026, with distributions reinvested, VLUE returned +54.7% and VOE +22.8%.
Which is cheaper, VLUE 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 VLUE and VOE overlap with the S&P 500?: By their latest filed holdings, 97% of VLUE and 96% of VOE by weight is stocks the S&P 500 already holds.

Other comparisons

DVY vs VLUE COWZ vs VLUE NOBL vs VLUE FDL vs VLUE FDVV vs VOE SPYD vs VOE PVAL vs VOE HDV vs VOE

Where to next

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

Sources and dates

VLUE filings on SEC EDGAR ↗

VLUE prospectus with the expense ratio (SEC) ↗

iShares page for VLUE ↗

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

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