The Vanguard Value ETF (VTV) was launched on 01/26/2004, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Value segment of the US equity market.The fund is sponsored by Vanguard. It has amassed assets over $106.17 billion, making it the largest ETFs attempting to match the Large Cap Value segment of the US equity market.Why Large Cap ValueLarge cap companies typically have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.Value stocks have lower than average price-to-earnings and price-to-book ratios. They also have lower than average sales and earnings growth rates. Considering long-term performance, value stocks have outperformed growth stocks in almost all markets; however, they are more likely to underperform growth stocks in strong bull markets.CostsSince cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.Annual operating expenses for this ETF are 0.04%, making it the least expensive products in the space.It has a 12-month trailing dividend yield of 2.36%.Sector Exposure and Top HoldingsETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.This ETF has heaviest allocation to the Healthcare sector--about 22% of the portfolio. Financials and Industrials round out the top three.Looking at individual holdings, Berkshire Hathaway Inc. (BRK.B) accounts for about 3.07% of total assets, followed by Unitedhealth Group Inc. (UNH) and Johnson & Johnson (JNJ).The top 10 holdings account for about 21.76% of total assets under management.Performance and RiskVTV seeks to match the performance of the CRSP U.S. Large Cap Value Index before fees and expenses. The CRSP U.S. Large Cap Value Index measures the investment return of large-capitalization value stocks.The ETF has lost about -1.13% so far this year and is up roughly 3.58% in the last one year (as of 11/30/2022). In the past 52-week period, it has traded between $123.48 and $150.80.The ETF has a beta of 0.91 and standard deviation of 24.06% for the trailing three-year period, making it a medium risk choice in the space. With about 346 holdings, it effectively diversifies company-specific risk.AlternativesVanguard Value ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VTV is an outstanding option for investors seeking exposure to the Style Box - Large Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.The Vanguard High Dividend Yield ETF (VYM) and the iShares Russell 1000 Value ETF (IWD) track a similar index. While Vanguard High Dividend Yield ETF has $50.90 billion in assets, iShares Russell 1000 Value ETF has $54.69 billion. VYM has an expense ratio of 0.06% and IWD charges 0.18%.Bottom-LinePassively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. 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Click to get this free report Vanguard Value ETF (VTV): ETF Research Reports UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Johnson & Johnson (JNJ): Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report Vanguard High Dividend Yield ETF (VYM): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research ReportsTo read this article on Zacks.com click here.Zacks Investment Research