VFMV

Vanguard U.S. Minimum Volatility ETF

The Fund seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market.


US

EQUITY

Active

MANAGEMENT STYLE

137.6 M

ASSETS UNDER MGMT

13 bp

EXPENSES
Fund Basics
Fund sponsorVanguard
CategoryUS
Asset classEquity
Websitelink...
Inception dateFeb 13, 2018
Assets (mns)$138
Expense ratio13 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyDelayed
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
KIRBY CORP 2.1 %
COMMVAULT SYSTEMS INC 2.0 %
NETAPP INC 1.9 %
TEXAS INSTRUMENTS INC 1.8 %
MCKESSON CORP 1.7 %
FTI CONSULTING INC 1.7 %
TJX COMPANIES INC 1.7 %
K12 INC 1.7 %
ABBVIE INC 1.7 %
ELI LILLY & CO 1.6 %
Constituent Breakdown
Number of holdings165
Herfindahl-Hirschman Index 116
Wgt avg mkt cap (mns)$226,412
Large cap (>$10bn)63.9%
Mid cap ($2-10bn)24.5%
Small cap (<$2bn)11.6%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 101.0 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 17.4% 29.1% 19.5% 9.9% 8.6% -- 9.8%
Volatility 7.9% 8.8% 12.0% 12.1% 16.0% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.6882%
MSCI EAFE0.6369%
MSCI Emg Mkts0.4230%
Liquidity Measures
Avg. volume (000)10
Turnover0.9%
Avg. Bid/Ask (% of price)0.18%
ADV of underlying (mns)$79,616
Technical Indicators
Recent close$121.24
30d moving avg.$120.22
Annualized volatility13.4%
Relative strength (RSI)59
Short interest (ETF)0.2%
Short interest (underlying)1.5%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: VFMV vs. Comps (1 YR)

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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 --%
1.7 19.2 3.1 1.9% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
VFMV



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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

VFMV

5.0%

Cat. Avg

5.5%


ALTAR Score™ Calculation

Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™ of 5.5% and a standard deviation of 2.4%. VFMV's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places VFMV in the 41st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

VFMV
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
VFMV (13 bp) Percentile rank 8
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
VFMV 13.0 18.0 31
Peer Avg. 42.1 19.3 61.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .