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
18.2 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) | $18,200 |
| 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 | 1.9 % |
| CRH PLC | 1.5 % |
| GENERAL MOTORS CO | 1.4 % |
| CUMMINS INC | 1.3 % |
| CORNING INC | 1.3 % |
| CENCORA INC | 1.2 % |
| ARTHUR J GALLAGHER & CO | 1.2 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 1.2 % |
| WESTERN DIGITAL CORP | 1.1 % |
| PACCAR INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 188 |
| 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 | 1.0 % |
 |
BRITAIN | 0.8 % |
 |
BERMUDA | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.7% | 0.8% | 13.8% | 7.5% | 9.0% | 7.1% | -- | 6.7% |
| Dividend Yield | 0.6% | 1.1% | 2.0% | 2.1% | 2.2% | 2.3% | -- | 2.2% |
| Total Returns | 10.3% | 1.9% | 15.8% | 9.7% | 11.1% | 9.5% | -- | 8.9% | Ann. Volatility | 17.1% | 16.9% | 14.6% | 14.7% | 16.4% | 19.1% | -- | 21.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 69% |
| MSCI EAFE | 0.77 | 58% |
| MSCI Emg Mkts | 0.61 | 40% |
Liquidity Measures
| Avg. volume (000) | 434 |
| ADV traded (mns) | $79 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $174.27 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 1.10/0.64 |
| Bollinger Bands (Upper/Lower) | $179.22/$169.47 |
| Short interest (% of AUM) | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 63.1% | -1 bp | +8.0% |
| VO | Vanguard Mid-Cap ETF | 57.1% | -3 bp | +5.9% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 46.9% | +52 bp | +8.7% |
| IMCB | iShares Morningstar Mid-Cap ETF | 45.3% | -3 bp | +6.2% |
| IWS | iShares Russell Mid-Cap Value ETF | 44.8% | +16 bp | +7.0% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 36.7% | +52 bp | +5.7% |
| ONEY | State Street SPDR Russell 1000 Yield Focus ETF | 36.6% | +13 bp | +10.0% |
| IWR | iShares Russell Midcap ETF | 36.3% | +12 bp | +6.1% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 35.7% | +2 bp | +6.1% |
| AVMC | Avantis U.S. Mid Cap Equity ETF | 34.4% | +11 bp | +6.7% |
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 | 2024 | 2025 | 2026 | |
| 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 12/12/2025
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
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
7.6%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1025 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. VOE's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places VOE in the 82nd 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