The Vanguard Value Index Fund ETF Shares (NYSEARCA:VTV) is the largest, most well-known value index exchange-traded fund, or ETF, in the market. It is also a comparatively weak one, with lower returns, more expensive valuations, and, in my opinion, weaker investment strategies than some of its peers. Of these, three stand out: The three funds above have stronger performance track-records and cheaper valuations than VTV. In my opinion, they are stronger investment opportunities too, so I would not be investing in VTV at the present time.