VOE
Vanguard Mid-Cap Value ETF
Vanguard Mid-Cap Value Index Fund seeks to track the performance of the Morgan Stanley Capital International US Mid Cap Value Index.
US
EQUITY
Passive
MANAGEMENT STYLE
29.8 B
ASSETS UNDER MGMT
7 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard Group Inc/The |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 17, 2006 |
| Assets (mns) | $29,765 |
| Expense ratio | 7 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CARRIER GLOBAL CORP. | 1.4 % |
| ARTHUR J GALLAGHER & CO | 1.4 % |
| DIGITAL REALTY TRUST INC | 1.3 % |
| ONEOK INC | 1.3 % |
| NEWMONT MINING CORP | 1.2 % |
| PACCAR INC | 1.2 % |
| UNITED RENTALS INC | 1.2 % |
| DR HORTON INC | 1.2 % |
| ALLSTATE CORP | 1.1 % |
| AMERIPRISE FINANCIAL INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 194 |
| Herfindahl-Hirschman Index | 69 |
| Wgt avg mkt cap (mns) | $33,871 |
| Large cap (>$10bn) | 98.7% |
| Mid cap ($2-10bn) | 0.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.9 % |
 |
BERMUDA | 1.2 % |
 |
BRITAIN | 1.2 % |
 |
IRELAND | 0.8 % |
 |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.4% | 31.8% | 20.5% | 8.9% | 10.9% | 9.6% | 9.1% | Volatility | 11.4% | 12.6% | 16.8% | 17.0% | 23.0% | 18.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 78% |
| MSCI EAFE | 0.96 | 81% |
| MSCI Emg Mkts | 0.72 | 44% |
Liquidity Measures
| Avg. volume (000) | 259 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $34,436 |
Technical Indicators
| Recent close | $166.88 |
| 30d moving avg. | $167.67 |
| Annualized volatility | 18.9% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 3.0% |
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. VOE |
Expenses vs. VOE |
ALTAR Score™ vs. VOE |
|---|---|---|---|---|
| IMCV | iShares Morningstar Mid-Cap Value ETF | 60.2% | -1 bp | +0.7% |
| VO | Vanguard Mid-Cap ETF | 55.3% | -3 bp | -1.5% |
| IWS | iShares Russell Mid-Cap Value ETF | 47.2% | +16 bp | -0.6% |
| IMCB | iShares Morningstar Mid-Cap ETF | 43.7% | -3 bp | -1.1% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 42.0% | +52 bp | +1.2% |
| IWR | iShares Russell Midcap ETF | 38.3% | +12 bp | -1.4% |
| ONEY | SPDR Russell 1000 Yield Focus ETF | 37.2% | +13 bp | +2.5% |
| ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 35.8% | +13 bp | +0.6% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 35.4% | +52 bp | -1.3% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 34.4% | +2 bp | -1.1% |
Risk and Returns: VOE 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 10/29/2024
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
VOE
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™
VOE
7.1%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. VOE's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places VOE in the 73rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VOESELL
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 |
| VOE (7 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VOE | 7.0 | 2.5 | 9.5 |
| Peer Avg. | 22.8 | 9.5 | 32.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .