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VOE ETF — Holdings & Analysis

The Vanguard Mid-Cap Value ETF (VOE) offers exposure to mid-capitalization value stocks, tracking the CRSP US Mid Cap Value Index.

With a substantial $36.50 billion in assets under management, VOE provides a cost-effective way to access a diversified portfolio of mid-size value companies, employing a full-replication approach. Its expense ratio of 0.0500% makes it an attractive option for investors seeking value in the mid-cap space. Past performance does not guarantee future results.

Vanguard Mid-Cap Value ETF (VOE) ETF — Price, Holdings & Analysis

The Vanguard Mid-Cap Value ETF (VOE) offers exposure to mid-capitalization value stocks, tracking the CRSP US Mid Cap Value Index. With a substantial $36.50 billion in assets under management, VOE provides a cost-effective way to access a diversified portfolio of mid-size value companies, employing a full-replication approach. Its expense ratio of 0.0500% makes it an attractive option for investors seeking value in the mid-cap space. Past performance does not guarantee future results.

ETF Overview

Seeks to track the performance of the CRSP US Mid Cap Value Index, which measures the investment return of mid-capitalization value stocks. Provides a convenient way to match the performance of a diversified group of midsize value companies. Follows a passively managed, full-replication approach.
VOE aims to mirror the performance of the CRSP US Mid Cap Value Index, focusing on mid-sized U.S. companies exhibiting value characteristics. This ETF is designed for investors seeking exposure to the mid-cap value segment of the equity market, offering a passively managed, full-replication strategy. By holding a diverse basket of 186 stocks, VOE provides a broad representation of the mid-cap value universe. The fund's top holdings include companies like Newmont Corp (2.19%), Western Digital Corp (1.53%), and CRH PLC (1.47%). Sector allocation is diverse, with significant exposure to Financial Services (17.0%), Industrials (13.4%), and Utilities (11.2%). This diversification helps mitigate risk while capturing the potential upside of mid-cap value stocks. VOE's investment strategy makes it suitable for investors looking to diversify their portfolios with a value-oriented approach in the mid-cap space. Past performance does not guarantee future results.

Risk Metrics

VOE, while diversified across 186 holdings, carries some concentration risk, with its top holding, Newmont Corp, representing 2.19% of the portfolio. Sector risk is also present, with Financial Services comprising 17.0% of the fund. The ETF's beta of 0.89 indicates that it is less volatile than the overall market. The low expense ratio of 0.0500% helps to minimize expense drag on returns, especially compared to category averages. Investors should be aware of the potential for value stocks to underperform growth stocks in certain market environments. Furthermore, while the fund is heavily concentrated in the United States (96.2%), it does have some exposure to international markets, which introduces currency and geopolitical risks. Past performance does not guarantee future results.

Expense Ratio

0.05%

What does VOE hold?

HoldingWeight
Newmont Corp (NEM)2.19%
Western Digital Corp (WDC)1.53%
CRH PLC (CRH)1.47%
Cummins Inc (CMI)1.43%
Corning Inc (GLW)1.43%
General Motors Co (GM)1.40%
SLB Ltd (SLB)1.29%
Cencora Inc (COR)1.19%
TE Connectivity PLC Registered Shares (TEL)1.17%
Warner Bros. Discovery Inc Ordinary Shares - Class A (WBD)1.16%

How Is the Fund Allocated?

SectorWeight
Financial Services17.0%
Industrials13.4%
Utilities11.2%
Technology11.0%
Energy10.3%
Consumer Defensive8.2%
Healthcare7.0%
Consumer Cyclical6.6%
Basic Materials6.5%
Real Estate6.3%
Communication Services2.5%
CountryWeight
United States96.2%
Ireland2.0%
United Kingdom0.7%
Bermuda0.6%
Other0.5%

Dividend Yield

0.00%

Risk Metrics

  • Beta: 0.89

Questions & Answers

What is VOE and what does it track?

The Vanguard Mid-Cap Value ETF (VOE) is an exchange-traded fund that seeks to track the performance of the CRSP US Mid Cap Value Index. This index measures the investment return of mid-capitalization value stocks in the United States.

What is the expense ratio for VOE?

The expense ratio for the Vanguard Mid-Cap Value ETF (VOE) is 0.0500%. This means that for every $10,000 invested in the fund, investors will pay $5 in annual expenses.

This is notably lower than the average expense ratio for similar mid-cap value ETFs, which hovers around 0.44%.

What are the top holdings in VOE?

As of 2026-03-15, the top holdings in the Vanguard Mid-Cap Value ETF (VOE) are: Newmont Corp (NEM) at 2.19%, Western Digital Corp (WDC) at 1.53%, CRH PLC (CRH) at 1.47%, Cummins Inc (CMI) at 1.43%, and Corning Inc (GLW) at…

1.43%.

Is VOE a good long-term investment?

VOE's suitability as a long-term investment depends on an individual investor's risk tolerance, investment goals, and time horizon. The ETF offers exposure to mid-cap value stocks, which can provide diversification benefits and potential for long-term growth.

VOE's low expense ratio of 0.0500% can help minimize costs over time, and its diversified portfolio of 186 holdings can mitigate some risk.

How does VOE compare to similar ETFs?

VOE distinguishes itself from similar mid-cap value ETFs primarily through its low expense ratio of 0.0500%. Many competing ETFs in this category have expense ratios ranging from 0.30% to 0.50%, making VOE a more cost-effective option.

With $36.50 billion in assets under management, VOE is also one of the largest ETFs in the mid-cap value space, offering high liquidity.

Does VOE pay dividends?

While VOE's stated dividend yield is 0.00% as of 2026-03-15, it is important to note that this figure can fluctuate based on the dividend payouts of the underlying holdings.

Typically, mid-cap value stocks do pay dividends, and these dividends are passed on to VOE shareholders.