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
11.6 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) | $11,564 |
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 +
BERKSHIRE HATHAWAY INC-CL B | 9.4 % |
JPMORGAN CHASE & CO | 8.9 % |
MASTERCARD INCORPORATED CLASS A | 5.8 % |
VISA INC. CLASS A | 4.8 % |
BANK OF AMERICA CORP | 3.5 % |
WELLS FARGO & CO | 2.9 % |
GOLDMAN SACHS GROUP INC | 2.2 % |
PROGRESSIVE CORP | 2.1 % |
S&P GLOBAL, INC. | 2.0 % |
AMERICAN EXPRESS CO | 1.9 % |
Constituent Breakdown
Number of holdings | 408 |
Herfindahl-Hirschman Index | 305 |
Wgt avg mkt cap (mns) | $311,712 |
Large cap (>$10bn) | 90.8% |
Mid cap ($2-10bn) | 7.1% |
Small cap (<$2bn) | 1.9% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 91.7 % | |
SWITZERLAND | 1.5 % | |
BERMUDA | 1.2 % | |
IRELAND | 1.0 % |
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 | 6.8% | 28.8% | 20.1% | 10.0% | 13.8% | 9.8% | 4.5% | 4.5% |
Dividend Yield | -5.6% | -11.0% | 6.0% | 0.8% | 7.4% | 1.8% | 2.2% | 2.0% |
Total Returns | 1.2% | 17.8% | 26.2% | 10.8% | 21.2% | 11.6% | 6.8% | 6.5% | Ann. Volatility | 15.1% | 15.8% | 16.5% | 19.4% | 27.0% | 22.4% | 27.6% | 27.0% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.05 | 69% |
MSCI EAFE | 0.95 | 56% |
MSCI Emg Mkts | 0.62 | 24% |
Liquidity Measures
Avg. volume (000) | 720 |
Turnover | 0.7% |
Avg. Bid/Ask (% of price) | 0.02% |
ADV of underlying (mns) | $29,073 |
Technical Indicators
Recent close | $114.22 |
30d moving avg. | $115.39 |
Annualized volatility | 21.9% |
Relative strength (RSI) | 43 |
Short interest (ETF) | 0.2% |
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 | 92.2% | -2 bp | -0.1% |
XLF | Financial Select Sector SPDR Fund | 82.8% | -2 bp | -0.5% |
IYF | iShares U.S. Financials ETF | 73.5% | +30 bp | -0.1% |
IYG | iShares US Financial Services ETF | 70.8% | +30 bp | -0.7% |
IXG | iShares Global Financials ETF | 56.2% | +32 bp | +0.4% |
RSPF | Invesco S&P 500 Equal Weight Financials ETF | 50.6% | +30 bp | +0.8% |
PFI | Invesco Dorsey Wright Financial Momentum ETF | 31.6% | +50 bp | -2.1% |
FXO | First Trust Financials AlphaDEX Fund | 30.0% | +52 bp | +2.1% |
DFNL | Davis Select Financial ETF | 28.5% | +53 bp | +1.7% |
KBWB | Invesco KBW Bank ETF | 27.1% | +25 bp | +2.9% |
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
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
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
VFH
7.0%
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%. VFH's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places VFH in the 62nd 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. | 27.8 | 6.5 | 34.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .