---
ticker: "VAW"
name: "Vanguard Materials ETF"
url: "https://etf.net/etf/VAW"
grade: "B"
score: 64
graded_at: "2026-10-12"
category: "Materials (Broad)"
category_rank: "3 of 14"
methodology: "https://etf.net/methodology"
---

# VAW: Vanguard Materials ETF

Grade **B**, Score 64 of 100. Rank 3 of 14 in Materials (Broad).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 84 | 3 of 14 |
| Mission | Not scored | — |
| Risk | 52 | 6 of 14 |
| Tradability | 42 | 8 of 14 |
| Holdings | 52 | 8 of 14 |
| Durability | 85 | 1 of 14 |

## Top holdings

The fund holds 113 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | LIN | Linde PLC | 14.60% |
| 2 | NEM | Newmont Corp | 8.60% |
| 3 | FCX | Freeport-McMoRan Inc | 7.02% |
| 4 | SHW | Sherwin-Williams Co/The | 4.98% |
| 5 | ECL | Ecolab Inc | 4.62% |
| 6 | APD | Air Products and Chemicals Inc | 4.15% |
| 7 | CRH | Crh PLC | 4.06% |
| 8 | CTVA | Corteva Inc | 3.65% |
| 9 | NUE | Nucor Corp | 3.57% |
| 10 | VMC | Vulcan Materials Co | 2.25% |
| 11 | STLD | Steel Dynamics Inc | 2.05% |
| 12 | MLM | Martin Marietta Materials Inc | 2.01% |
| 13 | PPG | PPG Industries Inc | 1.61% |
| 14 | SW | Smurfit Westrock PLC | 1.59% |
| 15 | RGLD | Royal Gold Inc | 1.43% |
| 16 | DOW | Dow Inc | 1.42% |
| 17 | AMRZ | Amrize Ltd | 1.40% |
| 18 | IFF | International Flavors & Fragrances Inc | 1.39% |
| 19 | CDE | Coeur Mining Inc | 1.38% |
| 20 | AMCR | Amcor PLC | 1.37% |
| 21 | PKG | Packaging Corp of America | 1.34% |
| 22 | CF | CF Industries Holdings Inc | 1.29% |
| 23 | RS | Reliance Inc | 1.26% |
| 24 | IP | International Paper Co | 1.23% |
| 25 | LYB | LyondellBasell Industries NV | 1.08% |
| 26 | BALL | Ball Corp | 1.03% |
| 27 | ALB | Albemarle Corp | 1.03% |
| 28 | HL | Hecla Mining Co | 0.86% |
| 29 | AVY | Avery Dennison Corp | 0.86% |
| 30 | AA | Alcoa Corp | 0.85% |

Source: etf.net, https://etf.net/etf/VAW. Please cite the page URL.