VFMV
Vanguard U.S. Minimum Volatility ETF
The Fund seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market.
US
EQUITY
Active
MANAGEMENT STYLE
149.3 M
ASSETS UNDER MGMT
13 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 13, 2018 |
| Assets (mns) | $149 |
| Expense ratio | 13 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| KIRBY CORP | 2.1 % |
| COMMVAULT SYSTEMS INC | 2.0 % |
| NETAPP INC | 1.9 % |
| TEXAS INSTRUMENTS INC | 1.8 % |
| MCKESSON CORP | 1.7 % |
| FTI CONSULTING INC | 1.7 % |
| TJX COMPANIES INC | 1.7 % |
| K12 INC | 1.7 % |
| ABBVIE INC | 1.7 % |
| ELI LILLY & CO | 1.6 % |
Constituent Breakdown
| Number of holdings | 165 |
| Herfindahl-Hirschman Index | 116 |
| Wgt avg mkt cap (mns) | $225,910 |
| Large cap (>$10bn) | 64.0% |
| Mid cap ($2-10bn) | 23.9% |
| Small cap (<$2bn) | 12.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 101.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.2% | 27.4% | 13.1% | 8.0% | 8.2% | -- | 9.5% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 82% |
| MSCI EAFE | 0.62 | 69% |
| MSCI Emg Mkts | 0.40 | 29% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $110,175 |
Technical Indicators
| Recent close | $126.54 |
| 30d moving avg. | $121.60 |
| Annualized volatility | 13.1% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.5% |
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. VFMV |
Expenses vs. VFMV |
ALTAR Score™ vs. VFMV |
|---|---|---|---|---|
| USMV | iShares MSCI USA Min Vol Factor ETF | 42.5% | +2 bp | +0.6% |
| FDLO | Fidelity Low Volatility Factor ETF | 34.5% | +2 bp | +0.3% |
| ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 33.6% | +5 bp | +0.7% |
| ROUS | Hartford Multifactor US Equity ETF | 32.9% | +6 bp | +1.5% |
| SELV | SEI Enhanced Low Volatility U.S. Large Cap ETF | 32.5% | +2 bp | +1.4% |
| QLV | FlexShares US Quality Low Volatility Index Fund | 31.7% | +9 bp | -1.2% |
| ACWV | iShares MSCI Global Min Vol Factor ETF | 31.0% | +7 bp | +1.4% |
| QUS | SPDR MSCI USA StrategicFactors ETF | 30.9% | +2 bp | +0.8% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 28.3% | +15 bp | +0.8% |
| LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 28.0% | -1 bp | +0.3% |
Risk and Returns: VFMV 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 11/22/2024
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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
VFMV
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™
VFMV
4.9%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. VFMV's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places VFMV in the 43rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VFMVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| VFMV (13 bp) Percentile rank | 7 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VFMV | 13.0 | 18.0 | 31 |
| Peer Avg. | 42.5 | 19.0 | 61.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .