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
18.5 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) | $18,454 |
| 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 +
| NEWMONT MINING CORP | 2.2 % |
| CRH PLC | 1.5 % |
| GENERAL MOTORS CO | 1.4 % |
| CUMMINS INC | 1.4 % |
| WESTERN DIGITAL CORP | 1.3 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 1.2 % |
| ARTHUR J GALLAGHER & CO | 1.2 % |
| SCHLUMBERGER LTD | 1.2 % |
| CORNING INC | 1.2 % |
| L3HARRIS TECHNOLOGIES INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 190 |
| Herfindahl-Hirschman Index | 70 |
| Wgt avg mkt cap (mns) | $38,883 |
| Large cap (>$10bn) | 95.7% |
| Mid cap ($2-10bn) | 0.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 96.4% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.8 % |
 |
IRELAND | 0.9 % |
 |
BRITAIN | 0.8 % |
 |
BERMUDA | 0.6 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.6% | 9.6% | 10.6% | 9.5% | 8.3% | 7.5% | -- | 6.7% |
| Dividend Yield | 2.4% | 2.4% | 2.4% | 2.5% | 2.4% | 2.4% | -- | 2.3% |
| Total Returns | 12.1% | 12.1% | 13.0% | 12.0% | 10.7% | 9.9% | -- | 9.0% | Ann. Volatility | 16.5% | 16.5% | 14.3% | 14.5% | 16.3% | 19.0% | -- | 21.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 71% |
| MSCI EAFE | 0.79 | 62% |
| MSCI Emg Mkts | 0.62 | 43% |
Liquidity Measures
| Avg. volume (000) | 322 |
| ADV traded (mns) | $59 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $178.30 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 1.70/1.45 |
| Bollinger Bands (Upper/Lower) | $182.77/$175.99 |
| Short interest (% of AUM) | 0.1% |
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 |
|---|---|---|---|---|
| VO | Vanguard Mid-Cap ETF | 58.0% | -3 bp | +6.0% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 57.9% | -1 bp | +7.8% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 46.8% | +52 bp | +8.2% |
| IWS | iShares Russell Mid-Cap Value ETF | 44.4% | +16 bp | +6.9% |
| IMCB | iShares Morningstar Mid-Cap ETF | 41.8% | -3 bp | +6.1% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 39.0% | +52 bp | +5.7% |
| AVMC | Avantis U.S. Mid Cap Equity ETF | 36.6% | +11 bp | +6.8% |
| ONEY | State Street SPDR Russell 1000 Yield Focus ETF | 36.4% | +13 bp | +9.2% |
| IWR | iShares Russell Midcap ETF | 36.1% | +12 bp | +6.1% |
| SPVM | Invesco S&P 500 Value with Momentum ETF | 33.2% | +32 bp | +7.4% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 1/11/2026
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
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™
VOE
7.5%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 1045 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.2%. VOE's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places VOE in the 83rd 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