VDE
Vanguard Energy ETF
Vanguard Energy ETF seeks to track the performance of the MSCI US Investable Market Energy Index. The Index consists of large, medium-size and small US companies within the energy sector that
US
EQUITY
Passive
MANAGEMENT STYLE
7.0 B
ASSETS UNDER MGMT
10 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard Group Inc/The |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 23, 2004 |
| Assets (mns) | $7,005 |
| Expense ratio | 10 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXXON MOBIL CORP | 24.5 % |
| CHEVRON CORP | 13.3 % |
| CONOCOPHILLIPS | 6.5 % |
| WILLIAMS COS INC | 4.0 % |
| EOG RESOURCES, INC. | 3.5 % |
| KINDER MORGAN INC | 3.1 % |
| ONEOK INC | 3.0 % |
| CHENIERE ENERGY INC | 3.0 % |
| SCHLUMBERGER LTD | 2.7 % |
| MARATHON PETROLEUM | 2.3 % |
Constituent Breakdown
| Number of holdings | 116 |
| Herfindahl-Hirschman Index | 936 |
| Wgt avg mkt cap (mns) | $195,688 |
| Large cap (>$10bn) | 89.0% |
| Mid cap ($2-10bn) | 6.4% |
| Small cap (<$2bn) | 4.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.9 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.4% | 5.4% | 4.2% | 8.9% | 15.7% | 1.3% | 3.5% | 4.7% |
| Dividend Yield | 2.6% | -5.3% | 5.4% | 1.2% | 16.9% | 4.1% | 2.6% | 2.7% |
| Total Returns | 6.9% | 0.1% | 9.6% | 10.1% | 32.5% | 5.4% | 6.1% | 7.3% | Ann. Volatility | 20.5% | 18.8% | 20.4% | 26.6% | 36.4% | 30.2% | 30.2% | 30.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 31% |
| MSCI EAFE | 0.78 | 27% |
| MSCI Emg Mkts | 0.37 | 6% |
Liquidity Measures
| Avg. volume (000) | 710 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $9,613 |
Technical Indicators
| Recent close | $112.87 |
| 30d moving avg. | $120.92 |
| Annualized volatility | 25.6% |
| Relative strength (RSI) | 43 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 2.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VDE |
Expenses vs. VDE |
ALTAR Score™ vs. VDE |
|---|---|---|---|---|
| FENY | Fidelity MSCI Energy Index ETF | 94.9% | -2 bp | +0.1% |
| IYE | iShares U.S. Energy ETF | 91.4% | +30 bp | -0.2% |
| XLE | Energy Select Sector SPDR Fund | 83.9% | -2 bp | -0.1% |
| DRLL | Strive U.S. Energy ETF | 68.0% | +31 bp | +1.3% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 62.1% | +50 bp | +3.6% |
| IXC | iShares Global Energy ETF | 60.9% | +34 bp | +1.1% |
| IGE | iShares North American Natural Resources ETF | 59.3% | +31 bp | -1.6% |
| FILL | iShares MSCI Global Energy Producers ETF | 52.6% | +29 bp | +2.8% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 52.5% | +30 bp | +1.9% |
| FXN | First Trust Energy AlphaDEX Fund | 44.6% | +52 bp | +6.3% |
Risk and Returns: VDE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2024 | 2025E | Fwd Est | 2026E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/23/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VDE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
VDE
10.2%
Cat. Avg
6.1%
ALTAR Score™ Calculation
Category Overview
There are 960 funds in the US Equity category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. VDE's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places VDE in the 91st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VDESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| VDE (10 bp) Percentile rank | 20 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VDE | 10.0 | 1.9 | 11.9 |
| Peer Avg. | 27.8 | 6.5 | 34.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .