VAW
Vanguard Materials ETF
Vanguard Materials ETF seeks to track the performance of the MSCI US Investable Market Materials Index.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 3.5 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Inception date | Jan 26, 2004 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| LINDE PLC | 15.4 % |
| NEWMONT MINING CORP | 7.8 % |
| FREEPORT-MCMORAN COPPER | 5.9 % |
| CRH PLC | 5.2 % |
| SHERWIN-WILLIAMS CO/THE | 4.6 % |
| ECOLAB INC | 4.1 % |
| AIR PRODUCTS & CHEMICALS INC | 4.1 % |
| CORTEVA INC | 3.6 % |
| NUCOR CORP | 3.4 % |
| VULCAN MATERIALS CO | 2.3 % |
Constituent Breakdown
| Number of holdings | 114 |
| Herfindahl-Hirschman Index | 470 |
| Wgt avg mkt cap (mns) | $58,765 |
| Large cap (>$10bn) | 78.6% |
| Mid cap ($2-10bn) | 9.8% |
| Small cap (<$2bn) | 2.3% |
| Developed mkts. | 92.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 74.5 % |
 |
BRITAIN | 16.7 % |
 |
IRELAND | 1.3 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.9% | 25.3% | 9.3% | 9.6% | 5.1% | 8.4% | 6.4% | 7.2% |
| Dividend Yield | 0.4% | 2.0% | 1.8% | 1.9% | 1.8% | 2.0% | 2.1% | 2.0% |
| Total Returns | 12.3% | 27.2% | 11.1% | 11.5% | 6.9% | 10.4% | 8.4% | 9.3% | Ann. Volatility | 20.7% | 17.2% | 18.7% | 17.6% | 19.6% | 21.2% | 24.3% | 23.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 39% |
| MSCI EAFE | 0.85 | 51% |
| MSCI Emg Mkts | 0.56 | 36% |
Liquidity Measures
| Avg. volume (000) | 52 |
| ADV traded (mns) | $12 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| 30d moving avg. (EMA) | $232.24 |
| Relative strength (RSI) | 47 |
| MACD/Signal | 0.46/0.98 |
| Bollinger Bands (Upper/Lower) | $239.02/$227.89 |
| Short interest (% of AUM) | 0.4% |
Distributions
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. VAW |
Expenses vs. VAW |
ALTAR Score™ vs. VAW |
|---|---|---|---|---|
| FMAT | Fidelity MSCI Materials Index ETF | 90.3% | -1 bp | +0.1% |
| XLB | Materials Select Sector SPDR | 69.1% | -1 bp | +0.3% |
| IYM | iShares U.S. Basic Materials ETF | 56.8% | +31 bp | -0.7% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 49.6% | +31 bp | +0.4% |
| MXI | iShares Global Materials ETF | 36.3% | +32 bp | +0.6% |
| PYZ | Invesco Dorsey Wright Basic Materials Momentum ETF | 33.3% | +51 bp | -0.6% |
| FXZ | First Trust Materials AlphaDEX Fund | 30.4% | +52 bp | +1.1% |
| NANR | SPDR S&P North American Natural Resources ETF | 25.2% | +26 bp | +1.4% |
| XME | State Street SPDR S&P Metals & Mining ETF | 22.2% | +26 bp | +0.4% |
| PAVE | Global X U.S. Infrastructure Development ETF | 15.2% | +38 bp | -0.3% |
Risk and Returns: VAW 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 5/19/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
4.9%
ALTAR SCORE™
41st
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,304 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. VAW's ALTAR Score™ is approximately -0.2 standard
deviations above the category average. This places VAW in the 41st percentile
among funds in the category.
Sell-Side Consensus
$258.78
PRICE TARGET
+14.2%
UPSIDE