VPU
Vanguard Utilities ETF
Vanguard Utilities ETF seeks to track the performance of the MSCI US Investable Market Utilities Index.
US
EQUITY
Passive
MANAGEMENT STYLE
7.6 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard Group Inc/The |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 26, 2004 |
| Assets (mns) | $7,639 |
| 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 +
| NEXTERA ENERGY GROUP | 11.1 % |
| CONSTELLATION ENERGY CORPORATION | 7.7 % |
| SOUTHERN CO | 6.6 % |
| DUKE ENERGY CORP | 6.4 % |
| VISTRA ENERGY CORP. | 4.4 % |
| AMERICAN ELECTRIC POWER | 4.0 % |
| SEMPRA ENERGY | 3.8 % |
| DOMINION RESOURCES INC/VA | 3.3 % |
| EXELON CORP | 3.1 % |
| XCEL ENERGY INC | 3.0 % |
Constituent Breakdown
| Number of holdings | 73 |
| Herfindahl-Hirschman Index | 403 |
| Wgt avg mkt cap (mns) | $57,875 |
| Large cap (>$10bn) | 90.8% |
| Mid cap ($2-10bn) | 7.8% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 99.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.6 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.9% | 8.8% | 21.9% | 10.0% | 8.0% | 7.4% | 5.1% | 6.4% |
| Dividend Yield | 0.8% | 0.7% | 2.5% | 2.7% | 3.0% | 3.2% | 3.5% | 3.5% |
| Total Returns | 16.7% | 9.5% | 24.3% | 12.7% | 10.9% | 10.6% | 8.6% | 9.8% | Ann. Volatility | 16.8% | 16.6% | 16.6% | 17.4% | 17.3% | 19.1% | 18.8% | 18.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.53 | 23% |
| MSCI EAFE | 0.58 | 33% |
| MSCI Emg Mkts | 0.44 | 22% |
Liquidity Measures
| Avg. volume (000) | 169 |
| ADV traded (mns) | $33 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| Recent close | $195.67 |
| 30d moving avg. | $189.35 |
| Annualized volatility | 15.0% |
| Relative strength (RSI) | 66 |
| Short interest | 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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FUTY | Fidelity MSCI Utilities Index ETF | 97.2% | -1 bp | +5.0% |
| IDU | iShares U.S. Utilities ETF | 89.9% | +31 bp | +4.5% |
| XLU | Utilities Select Sector SPDR Fund | 89.5% | -1 bp | +4.9% |
| RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 68.3% | +31 bp | +5.2% |
| JXI | iShares Global Utilities ETF | 65.3% | +34 bp | +5.6% |
| FXU | First Trust Utilities AlphaDEX Fund | 58.0% | +55 bp | +5.4% |
| ZAP | Global X U.S. Electrification ETF | 54.2% | +41 bp | +3.7% |
| PUI | Invesco Dorsey Wright Utilities Momentum ETF | 50.4% | +51 bp | +4.6% |
| UTES | Virtus Reaves Utilities ETF | 42.7% | +40 bp | +3.9% |
| FPWR | First Trust EIP Power Solutions ETF | 41.2% | +87 bp | +4.1% |
Risk and Returns: VPU 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 10/24/2025
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
VPU
5.0%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 995 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. VPU's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places VPU in the 38th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VPUSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 217 |
| Avg. Expense Ratio | 31.1 bp |
| Std. Deviation | 25.2 bp |
| VPU (9 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VPU | 9.0 | 3.9 | 12.9 |
| Peer Avg. | 31.1 | 10.5 | 41.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .