IWD shows a 16.77 price-to-earnings ratio and a 1.62 price-to-book. VTV has a 16.11 P/E and a 1.7 P/B. IVE trades at a 16.08 P/E and a 1.76 P/B. In contrast, the blended S&P 500 Index has a 18.53 P/E and a 2.38 P/B.

Looking at the value-theme, these ETFs include much heavier tilts toward the financials and energy. On the other hand, traditional benchmarks are overweight information technology after the run-up in growth-oriented tech stocks this year and underweight energy after the recent selling.

Year-to-date, IWD fell 3.8%, IVE dropped 3.2% and VTV dipped 1.0%.

Additionally, while the PowerShares FTSE RAFI US 1000 Portfolio (NYSEArca: PRF) does not seek to target value stocks, the RAFI fundamental indexing methodology, which screens for sales, book value, cash flow and dividends, does target companies with relatively cheap valuations and trims exposure to pricier stocks. ETF investors may find that PRF acts like a value strategy. PRF is down 2.4% year-to-date.

For more information on the equities market, visit our current affairs category.

Max Chen contributed to this article.

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