IVE holds only the value-oriented names within the S&P 500, competing with Vanguard's VTV. Its inclusion of Apple and Amazon among top holdings differs somewhat from VTV's financial- and healthcare-focused mix.

Its 16.6% one-year return has trailed VTV's 24.1%, reflecting differences in value-screening methodology (S&P 500 value criteria vs. CRSP's value factor). At a 0.18% expense ratio versus VTV's 0.03%, VTV is the more cost-efficient pick for new allocations.