Summary
Vanguard Morningstar Mid-Cap ETF is an ETF - a fund traded on an exchange like a stock - run by Vanguard. Positions inside: 278. The ten largest make up 9.7% of the fund.
- Yearly costs
- 0.03%
- Fund size
- $216.5B
- Positions
- 278
- Dividend yield
- 2.44%
- Running since
- 2004
What speaks for it
- Costs of 0.03% a year are below the middle of comparable funds (0.44%).
- Widely spread: the ten largest positions make up only 9.7% of the fund.
- A large fund with $216.5B under management.
- Easy to buy and sell: about $220.9M changes hands a day.
- Average yearly growth over the last ten years: 9.7%.
- It has been running since 2004.
What to watch
- 99% of the fund is in one country (United States).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +0.5%
- 3 months
- +0.2%
- This year
- +11%
- 1 year
- +11%
- 3 years
- +58%
- 5 years
- +29%
- 10 years
- +153%
- Avg. market cap
- $78.5B
- P/E
- 25.5x
- Forward P/E
- 19.4x
- P/S
- 2.6x
- P/B
- 4.9x
- P/FCF
- 19.7x
- EV/EBITDA
- 18.3x
- Dividend yield
- 0.98%
- ROIC
- 11.2%
- ROE
- 18.6%
- Gross margin
- 41.1%
- Operating margin
- -10.1%
- Net margin
- -89.3%
- Payout ratio
- 25.0%
- Net debt/EBITDA
- 3.7x
- Beta
- 1.01
Weighted average of the 50 largest companies, which make up 35% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 NECloudflare NET 1.1%
- 2 VLValero Energy Corporation VLO 1.1%
- 3 MPMarathon Petroleum Corporation MPC 1.1%
- 4 PSPhillips 66 PSX 1.0%
- 5 PWQuanta Services PWR 1.0%
- 6 VRVertiv VRT 0.9%
- 7 DDDatadog DDOG 0.9%
- 8 HWHowmet Aerospace HWM 0.9%
- 9 HORobinhood HOOD 0.9%
- 10 LILumentum Holdings Inc. LITE 0.9%
Positions in the fund: 278. The ten largest make up 9.7% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Industrials 19%
- Technology 18%
- Financials 14%
- Healthcare 9.3%
- Consumer cyclical 8.7%
- Other 32%
By country
- United States 99%
- Other countries 1.1%
By company size
- Large cap 99%
- Mid cap 0.5%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Industrials (19%). Largest country: United States (99%). Largest size group: Large cap (99%).
What does it cost me?
Cheap- A year from $10,000
- $3.00
- Over 20 years
- $151
From every $10,000 invested the fund takes $3.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $151.
How has it done?
Growing over the long run- A year on average, 10 years
- +9.7%
- Deepest drop
- -29%
- Yearly volatility
- 13%
Average yearly growth over the last ten years: 9.7%. Deepest drop in these years: 29% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.44%
- Payments a year
- 4
- Last payment
- $0.29
Over the last 12 months it paid $1.96 per share, which is 2.44% of today's price. The last payment was $0.29 on Sep 28, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $220.9M
- Shares a day
- 2.7M
On an average day about $220.9M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 25.5
- Average Bulios Score
- 61 out of 100
Weight by Bulios Fair Price
- Undervalued 17%
- Fairly valued 2.3%
- Overvalued 80%
On average the companies inside trade for 25.5 times their yearly profit. By Fair Price, 80% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 35% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
VM VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares· mutual fund | United States | 0.02% | $215.1B | +11% | Pays out | 100% |
VI VIMAX Vanguard Mid-Cap Index Fund Admiral Shares· mutual fund | United States | 0.05% | $215.1B | +11% | Pays out | 100% |
VM VMCIX Vanguard Mid-Cap Index Fund Institutional Shares· mutual fund | United States | 0.03% | $215.1B | +11% | Pays out | 100% |
IM IMCB iShares Morningstar Mid-Cap ETF | United States | 0.04% | $1.71B | +18% | Pays out | 68% |
VM VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares· mutual fund | United States | 0.07% | $36.9B | +20% | Pays out | 59% |
VO VOE Vanguard Morningstar Mid-Cap Value ETF | United States | 0.05% | $36.8B | +20% | Pays out | 59% |