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
317.1 M
ASSETS UNDER MGMT
13 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 13, 2018 |
| Assets (mns) | $317 |
| Expense ratio | 13 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AT&T INC | 2.0 % |
| INTERDIGITAL INC | 1.9 % |
| JOHNSON & JOHNSON | 1.8 % |
| ABBOTT LABORATORIES | 1.7 % |
| CENCORA INC | 1.7 % |
| CBOE HOLDINGS INC | 1.7 % |
| REALTY INCOME CORP | 1.7 % |
| SOUTHERN CO | 1.7 % |
| ANALOG DEVICES INC | 1.7 % |
| MCKESSON CORP | 1.6 % |
Constituent Breakdown
| Number of holdings | 191 |
| Herfindahl-Hirschman Index | 123 |
| Wgt avg mkt cap (mns) | $305,071 |
| Large cap (>$10bn) | 86.2% |
| Mid cap ($2-10bn) | 14.4% |
| Small cap (<$2bn) | 5.0% |
| Developed mkts. | 105.8% |
| Emerging mkts. | 0.6% |
Country Exposure
 |
UNITED STATES | 102.4 % |
 |
BRITAIN | 1.5 % |
 |
LUXEMBOURG | 1.5 % |
 |
SOUTH KOREA | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.1% | 7.2% | 15.9% | 9.5% | 9.9% | -- | -- | 7.0% |
| Dividend Yield | 0.5% | 0.5% | 1.2% | 1.7% | 1.8% | -- | -- | 2.0% |
| Total Returns | 7.5% | 7.7% | 17.1% | 11.1% | 11.7% | -- | -- | 9.0% | Ann. Volatility | 13.2% | 12.9% | 11.1% | 11.1% | 12.1% | -- | -- | 14.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 63% |
| MSCI EAFE | 0.41 | 40% |
| MSCI Emg Mkts | 0.29 | 24% |
Liquidity Measures
| Avg. volume (000) | 14 |
| ADV traded (mns) | $2 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $129.52 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.34/-0.17 |
| Bollinger Bands (Upper/Lower) | $131.49/$127.45 |
| Short interest (% of AUM) | 1.1% |
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. VFMV |
Expenses vs. VFMV |
ALTAR Score™ vs. VFMV |
|---|---|---|---|---|
| USMV | iShares MSCI USA Min Vol Factor ETF | 47.8% | +2 bp | +5.8% |
| FDLO | Fidelity Low Volatility Factor ETF | 40.8% | +2 bp | +5.4% |
| ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 40.0% | +5 bp | +5.8% |
| SELV | SEI Enhanced Low Volatility U.S. Large Cap ETF | 37.1% | +2 bp | +6.5% |
| LGLV | State Street SPDR US Large Cap Low Volatility Index ETF | 36.5% | -1 bp | +6.0% |
| QLV | FlexShares US Quality Low Volatility Index Fund | 36.3% | +9 bp | +5.7% |
| ACWV | iShares MSCI Global Min Vol Factor ETF | 35.9% | +7 bp | +5.9% |
| QUS | State Street SPDR MSCI USA StrategicFactors ETF | 35.9% | +2 bp | +5.6% |
| ROUS | Hartford Multifactor US Equity ETF | 35.1% | +6 bp | +6.9% |
| AUSF | Global X Adaptive U.S. Factor ETF | 34.0% | +14 bp | +9.0% |
Risk and Returns: VFMV 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 11/30/2025
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
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
5.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1011 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. VFMV's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places VFMV in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VFMVSELL
U/W
HOLD
O/W
BUY