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 | 15.9 % |
| NEWMONT MINING CORP | 6.5 % |
| FREEPORT-MCMORAN COPPER | 5.6 % |
| SHERWIN-WILLIAMS CO/THE | 5.2 % |
| CRH PLC | 4.8 % |
| ECOLAB INC | 4.6 % |
| AIR PRODUCTS & CHEMICALS INC | 4.0 % |
| CORTEVA INC | 3.9 % |
| NUCOR CORP | 3.5 % |
| VULCAN MATERIALS CO | 2.5 % |
Constituent Breakdown
| Number of holdings | 115 |
| Herfindahl-Hirschman Index | 494 |
| Wgt avg mkt cap (mns) | $71,109 |
| Large cap (>$10bn) | 79.0% |
| Mid cap ($2-10bn) | 10.8% |
| Small cap (<$2bn) | 2.2% |
| Developed mkts. | 91.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 73.1 % |
 |
BRITAIN | 16.9 % |
 |
IRELAND | 1.6 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.2% | 17.4% | 9.0% | 7.9% | 4.8% | 8.4% | 6.5% | 7.1% |
| Dividend Yield | 0.8% | 1.8% | 1.7% | 1.8% | 1.8% | 2.0% | 2.1% | 2.0% |
| Total Returns | 11.0% | 19.2% | 10.7% | 9.7% | 6.7% | 10.3% | 8.6% | 9.1% | Ann. Volatility | 21.4% | 18.6% | 19.5% | 17.9% | 19.8% | 21.2% | 24.2% | 23.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 37% |
| MSCI EAFE | 0.88 | 55% |
| MSCI Emg Mkts | 0.49 | 37% |
Liquidity Measures
| Avg. volume (000) | 50 |
| ADV traded (mns) | $11 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| 30d moving avg. (EMA) | $228.39 |
| Relative strength (RSI) | 45 |
| MACD/Signal | -1.65/-1.15 |
| Bollinger Bands (Upper/Lower) | $235.07/$221.84 |
| 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 | 87.5% | -1 bp | +0.6% |
| XLB | Materials Select Sector SPDR | 66.7% | -1 bp | +0.2% |
| IYM | iShares U.S. Basic Materials ETF | 58.2% | +31 bp | -0.7% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 48.3% | +31 bp | +0.3% |
| MXI | iShares Global Materials ETF | 35.2% | +32 bp | +0.9% |
| PYZ | Invesco Dorsey Wright Basic Materials Momentum ETF | 33.9% | +51 bp | -0.6% |
| FXZ | First Trust Materials AlphaDEX Fund | 31.7% | +52 bp | +1.1% |
| NANR | SPDR S&P North American Natural Resources ETF | 24.1% | +26 bp | +1.7% |
| XME | State Street SPDR S&P Metals & Mining ETF | 22.2% | +26 bp | +1.1% |
| GNR | SPDR S&P Global Natural Resources ETF | 16.7% | +31 bp | +3.5% |
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.
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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
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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 7/22/2026
Peer Group Comparison
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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.
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ETF Research Center Rating
5.1%
ALTAR SCORE™
45th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,398 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 -0.1 standard
deviations above the category average. This places VAW in the 45th percentile
among funds in the category.
Sell-Side Consensus
$259.46
PRICE TARGET
+16.4%
UPSIDE