Vanguard Morningstar Mid-Cap ETF
$80.03−0.46 (−0.57%)
- Expense ratio
- 0.03%
- Fund size
- $226.4B
- 1Y return
- +11.8%
- Yield · Last 12 months
- 1.33%
- Holdings
- 307
- Volume · 30D
- 2.8M sh
- NAV per share
- $80.48
- 52W range
The ETF.net VO Grade
Score 80 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 86Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 64Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 59Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 92Category rank
Our read on VO
AThe plain middle of the US market for three basis points. VO owns roughly 300 stocks sitting between the 70th and 85th percentile of investable market cap, each at index weight, with buffer bands that slow the churn at the edges.
The fund seeks to track the CRSP US Mid Cap Index by investing in its U.S. mid-cap stocks through passive, full replication.
Why people hold it
- Costs 0.03% a year against a 0.15% median for mid-cap peers, matching SCHM as the cheapest in the group and undercutting IWR by a wide margin.
- Full replication, not sampling: it holds the index's roughly 300 names at index weight, and its tracking is among the tightest in the mid-cap group.investor.vanguard.com
- Trading since 2004 as a share class of Vanguard's Mid-Cap Index Fund, it has grown into one of the largest and most actively traded mid-cap index funds.sec.gov
- CRSP draws the mid-cap line by percentage of market cap, not a fixed stock count, with buffer zones at the edges so companies migrate gradually rather than jumping buckets.crsp.orgbogleheads.org
Worth knowing
- Mid caps move harder than blue chips, and Vanguard flags that: the fund sits at the top of its own 1-to-5 risk scale.investor.vanguard.com
- One band of the market by design. No mega caps, no small caps, so it covers the middle rather than the whole US market.crsp.org
- About 300 stocks is a narrower net than a total-market fund casts, and sector weights are simply whatever the middle of the market looks like at the time.
VO Holdings
- Stocks
- 307
- 9%
- MPC
Sectors
- Technology18.3%
- Industrials17.9%
- Financials13.8%
- Consumer Discr.9.0%
- Energy8.9%
- Health Care8.6%
- Utilities7.7%
- Real Estate5.1%
- Cons. Staples4.8%
- Materials4.0%
- Communication2.1%
Geography
- United States95.30%
- Ireland1.90%
- Singapore0.89%
- Canada0.46%
- Switzerland0.44%
- United Kingdom0.31%
- Bermuda0.31%
- Australia0.30%
- 0.08%
VO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
VO$11,178
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | VO |
|---|---|
| Year to date | +11.7% |
| 1 month | −3.0% |
| 3 months | +0.4% |
| 1 year | +11.8% |
| 3 years | +17.2% |
| 5 years | +7.5% |
| 10 years | +11.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VO |
|---|---|---|
| 2026 YTD | +11.7% | |
| 2025 | +11.6% | |
| 2024 | +15.3% | |
| 2023 | +16.0% | |
| 2022 | −18.7% | |
| 2021 | +24.7% | |
| 2020 | +18.0% |
VO in the news
VO Dividends
- 1.33%
- $1.07
- $0.26 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 26, 2026 | Jun 30, 2026 | $0.26 |
| Mar 27, 2026 | Mar 31, 2026 | $0.27 |
| Dec 22, 2025 | Dec 24, 2025 | $0.29 |
| Sep 29, 2025 | Oct 1, 2025 | $0.26 |
| Jun 30, 2025 | Jul 2, 2025 | $0.27 |
| Mar 27, 2025 | Mar 31, 2025 | $0.29 |
| Dec 23, 2024 | Dec 26, 2024 | $0.27 |
| Sep 26, 2024 | Sep 30, 2024 | $0.24 |
| Jun 27, 2024 | Jul 1, 2024 | $0.23 |
| Mar 21, 2024 | Mar 26, 2024 | $0.24 |
| Dec 21, 2023 | Dec 27, 2023 | $0.30 |
| Sep 21, 2023 | Sep 26, 2023 | $0.19 |
VO Risk
- 14.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.82
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −27.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.00
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
VO Cost
0.03%
VO0.03%
- The middle half of US Mid-Cap funds
- Median 0.15%
No US Mid-Cap fund charges less.