VO
Vanguard Mid-Cap Index Fund
Vanguard Mid-Cap ETF seeks to track the performance of the MSCI US Mid Cap 450 Index. The Fund invests all of its assets in the stocks that make up the Index, holding each stock in the same pr
Fund Basics
| Fund sponsor | Vanguard Group Inc/The |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 26, 2004 |
| Assets (mns) | $46,933 |
| Expense ratio | 4 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 +
| AMPHENOL CORP-CL A | 0.8 % |
| ARTHUR J GALLAGHER & CO | 0.8 % |
| CARRIER GLOBAL CORP. | 0.8 % |
| MOTOROLA SOLUTIONS | 0.8 % |
| PACCAR INC | 0.7 % |
| TRANSDIGM GROUP INC | 0.7 % |
| MICROCHIP TECHNOLOGY INC | 0.7 % |
| ARISTA NETWORKS, INC. | 0.7 % |
| HESS CORP | 0.7 % |
| CINTAS CORP | 0.7 % |
Constituent Breakdown
| Number of holdings | 344 |
| Herfindahl-Hirschman Index | 39 |
| Wgt avg mkt cap (mns) | $25,641 |
| Large cap (>$10bn) | 96.7% |
| Mid cap ($2-10bn) | 3.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.0 % |
 |
IRELAND | 1.5 % |
 |
BRITAIN | 0.8 % |
 |
BERMUDA | 0.7 % |
 |
CANADA | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 09/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 3.3% | 12.7% | -4.8% | 7.3% | 6.5% | 9.1% | 9.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 92% |
| MSCI EAFE | 0.94 | 79% |
| MSCI Emg Mkts | 0.71 | 44% |
Liquidity Measures
| Avg. volume (000) | 544 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $34,560 |
Technical Indicators
| Recent close | $205.80 |
| 30d moving avg. | $214.81 |
| Annualized volatility | 19.3% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 3.1% |
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. VO |
Expenses vs. VO |
ALTAR Score™ vs. VO |
|---|---|---|---|---|
| IMCB | iShares Morningstar Mid-Cap ETF | 68.7% | 0 bp | +0.2% |
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 68.3% | 0 bp | +0.2% |
| IWR | iShares Russell Midcap ETF | 61.3% | +14 bp | -0.1% |
| IWS | iShares Russell Mid-Cap Value ETF | 58.3% | +19 bp | +1.0% |
| IMCG | iShares Morningstar Mid-Cap Growth ETF | 53.4% | +2 bp | -2.2% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 52.6% | +2 bp | +2.5% |
| VOE | Vanguard Mid-Cap Value Index Fund | 52.1% | +3 bp | +1.9% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 52.0% | +5 bp | +0.4% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 51.5% | +37 bp | +0.8% |
| VOT | Vanguard Mid-Cap Growth Index Fund | 50.0% | +3 bp | -1.8% |
Risk and Returns: VO 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 10/2/2023
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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
VO
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™
VO
6.7%
Cat. Avg
6.5%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.7% |
Recommendation
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.
Category Overview
There are 905 funds in the US Equities category, with an average ALTAR Score™
of 6.5% and a standard deviation of
3.1%. VO's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places VO in the 53rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VO
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VO | 4.0 | 2.1 | 6.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .