VFH
Vanguard Financials ETF
Vanguard Financials ETF seeks to track the performance of the MSCI US Investable Market Financials Index.
US
EQUITY
Passive
MANAGEMENT STYLE
11.4 B
ASSETS UNDER MGMT
10 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard Group Inc/The |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 26, 2004 |
| Assets (mns) | $11,435 |
| 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 +
| JPMORGAN CHASE & CO | 8.8 % |
| BERKSHIRE HATHAWAY INC-CL B | 7.8 % |
| MASTERCARD INCORPORATED CLASS A | 5.4 % |
| VISA INC. CLASS A | 4.2 % |
| BANK OF AMERICA CORP | 4.1 % |
| WELLS FARGO & CO | 3.2 % |
| GOLDMAN SACHS GROUP INC | 2.4 % |
| AMERICAN EXPRESS CO | 2.1 % |
| MORGAN STANLEY | 2.0 % |
| S&P GLOBAL, INC. | 2.0 % |
Constituent Breakdown
| Number of holdings | 408 |
| Herfindahl-Hirschman Index | 271 |
| Wgt avg mkt cap (mns) | $262,228 |
| Large cap (>$10bn) | 90.1% |
| Mid cap ($2-10bn) | 7.8% |
| Small cap (<$2bn) | 2.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.2 % |
 |
SWITZERLAND | 1.4 % |
 |
BERMUDA | 1.1 % |
 |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 24.4% | 48.0% | 19.4% | 6.9% | 12.3% | 11.3% | 6.3% | Volatility | 13.4% | 13.5% | 16.4% | 19.5% | 26.9% | 22.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 64% |
| MSCI EAFE | 0.91 | 62% |
| MSCI Emg Mkts | 0.66 | 31% |
Liquidity Measures
| Avg. volume (000) | 453 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $39,689 |
Technical Indicators
| Recent close | $123.25 |
| 30d moving avg. | $112.15 |
| Annualized volatility | 20.5% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.6% |
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. VFH |
Expenses vs. VFH |
ALTAR Score™ vs. VFH |
|---|---|---|---|---|
| FNCL | Fidelity MSCI Financials Index ETF | 94.5% | -2 bp | -0.1% |
| XLF | Financial Select Sector SPDR Fund | 81.4% | -1 bp | -0.4% |
| IYF | iShares U.S. Financials ETF | 73.7% | +30 bp | -0.3% |
| IYG | iShares US Financial Services ETF | 71.3% | +30 bp | -0.7% |
| IXG | iShares Global Financials ETF | 59.2% | +32 bp | +0.5% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 51.6% | +30 bp | +0.5% |
| FXO | First Trust Financials AlphaDEX Fund | 31.6% | +52 bp | +1.6% |
| DFNL | Davis Select Financial ETF | 31.0% | +53 bp | +0.9% |
| SPVU | Invesco S&P 500 Enhanced Value ETF | 29.6% | +3 bp | +3.2% |
| KBWB | Invesco KBW Bank ETF | 28.5% | +25 bp | +1.7% |
Risk and Returns: VFH 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/21/2024
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
VFH
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
VFH
5.6%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. VFH's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places VFH in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VFHSELL
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 |
| VFH (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) |
|
|---|---|---|---|
| VFH | 10.0 | 1.9 | 11.9 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .