VDE
Vanguard Energy ETF
Vanguard Energy ETF seeks to track the performance of the MSCI US Investable Market Energy Index. The Index consists of large, medium-size and small US companies within the energy sector that
US
EQUITY
Passive
MANAGEMENT STYLE
10 bp
EXPENSES
$8.7 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Vanguard Group Inc/The |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 23, 2004 |
| Assets (mns) | $8,745 |
| Expense ratio | 10 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXXON MOBIL CORP | 22.3 % |
| CHEVRON CORP | 13.6 % |
| CONOCOPHILLIPS | 6.6 % |
| EOG RESOURCES, INC. | 3.7 % |
| SCHLUMBERGER LTD | 3.5 % |
| MARATHON PETROLEUM | 3.1 % |
| PHILLIPS 66 | 3.0 % |
| WILLIAMS COS INC | 2.7 % |
| VALERO ENERGY CORP | 2.5 % |
| ONEOK INC | 2.3 % |
Constituent Breakdown
| Number of holdings | 119 |
| Herfindahl-Hirschman Index | 828 |
| Wgt avg mkt cap (mns) | $181,955 |
| Large cap (>$10bn) | 87.1% |
| Mid cap ($2-10bn) | 9.8% |
| Small cap (<$2bn) | 2.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.3 % |
 |
NETHERLANDS | 0.9 % |
 |
SWITZERLAND | 0.7 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.6% | 16.5% | 17.3% | 23.5% | 13.0% | 2.3% | 7.4% | Volatility | 16.4% | 18.6% | 27.0% | 28.4% | 36.5% | 30.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.61 | 15% |
| MSCI EAFE | 0.64 | 15% |
| MSCI Emg Mkts | 0.37 | 5% |
Liquidity Measures
| Avg. volume (000) | 304 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $25,872 |
Technical Indicators
| Recent close | $128.65 |
| 30d moving avg. | $127.97 |
| Annualized volatility | 28.6% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 2.8% |
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. VDE |
Expenses vs. VDE |
ALTAR Score™ vs. VDE |
|---|---|---|---|---|
| FENY | Fidelity MSCI Energy Index ETF | 95.9% | -2 bp | +0.1% |
| IYE | iShares U.S. Energy ETF | 90.1% | +30 bp | -0.2% |
| XLE | Energy Select Sector SPDR Fund | 78.4% | -1 bp | +0.5% |
| DRLL | Strive U.S. Energy ETF | 68.8% | +31 bp | +1.0% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 64.9% | +50 bp | +0.9% |
| IGE | iShares North American Natural Resources ETF | 64.5% | +31 bp | -0.2% |
| IXC | iShares Global Energy ETF | 59.9% | +34 bp | +2.1% |
| FILL | iShares MSCI Global Energy Producers ETF | 51.7% | +29 bp | +3.0% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 51.6% | +30 bp | +1.0% |
| FXN | First Trust Energy AlphaDEX Fund | 46.1% | +52 bp | -5.9% |
Risk and Returns: VDE 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 7/25/2024
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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
VDE
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
VDE
7.0%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.0% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. VDE's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places VDE in the 70th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VDE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| VDE (10 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VDE | 10.0 | 1.9 | 11.9 |
| Peer Avg. | 29.8 | 6.8 | 36.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .