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
7.5 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard Group Inc/The |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 23, 2004 |
| Assets (mns) | $7,479 |
| Expense ratio | 9 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 | 23.0 % |
| CHEVRON CORP | 14.9 % |
| CONOCOPHILLIPS | 5.4 % |
| WILLIAMS COS INC | 3.8 % |
| MARATHON PETROLEUM | 3.2 % |
| EOG RESOURCES, INC. | 3.1 % |
| PHILLIPS 66 | 2.9 % |
| VALERO ENERGY CORP | 2.9 % |
| KINDER MORGAN INC | 2.8 % |
| BAKER HUGHES COMPANY CLASS A | 2.6 % |
Constituent Breakdown
| Number of holdings | 114 |
| Herfindahl-Hirschman Index | 887 |
| Wgt avg mkt cap (mns) | $182,246 |
| Large cap (>$10bn) | 87.4% |
| Mid cap ($2-10bn) | 8.2% |
| Small cap (<$2bn) | 1.9% |
| Developed mkts. | 97.6% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.8 % |
 |
BRITAIN | 1.0 % |
 |
SWITZERLAND | 0.5 % |
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 | 5.2% | -4.9% | 3.8% | 0.0% | 20.7% | 3.1% | 2.9% | 4.5% |
| Dividend Yield | 1.7% | 2.3% | 2.6% | 2.9% | 4.2% | 3.5% | 2.6% | 2.5% |
| Total Returns | 6.9% | -2.6% | 6.4% | 2.9% | 24.9% | 6.6% | 5.6% | 7.1% | Ann. Volatility | 25.3% | 25.0% | 21.8% | 22.6% | 27.6% | 30.4% | 30.2% | 29.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 40% |
| MSCI EAFE | 0.76 | 26% |
| MSCI Emg Mkts | 0.67 | 22% |
Liquidity Measures
| Avg. volume (000) | 463 |
| ADV traded (mns) | $60 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $125.70 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.49/0.59 |
| Bollinger Bands (Upper/Lower) | $129.56/$122.77 |
| 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. VDE |
Expenses vs. VDE |
ALTAR Score™ vs. VDE |
|---|---|---|---|---|
| FENY | Fidelity MSCI Energy Index ETF | 93.5% | -1 bp | +8.9% |
| IYE | iShares U.S. Energy ETF | 90.4% | +31 bp | +8.8% |
| GXPE | Global X PureCap MSCI Energy ETF | 84.2% | +16 bp | +8.7% |
| XLE | The Energy Select Sector SPDR Fund | 82.3% | -1 bp | +8.9% |
| DRLL | Strive U.S. Energy ETF | 67.5% | +32 bp | +10.1% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 64.4% | +51 bp | +11.9% |
| IXC | iShares Global Energy ETF | 59.5% | +35 bp | +9.8% |
| IGE | iShares North American Natural Resources ETF | 55.3% | +32 bp | +7.3% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 52.2% | +31 bp | +10.8% |
| FXN | First Trust Energy AlphaDEX Fund | 41.5% | +53 bp | +14.3% |
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
| 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 12/5/2025
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™
VDE
8.8%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1021 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. VDE's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places VDE in the 92nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VDESELL
U/W
HOLD
O/W
BUY