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Launched · SEC filings

Vanguard Morningstar Mid-Cap ETF

VONYSE ArcaVanguardA

$81.66+0.20 (+0.25%)

At close: Nov 2, 2026, 4:00 PM ET

A79/ 100

Rank 3 of 13 in US Mid-Cap

A79/100Rank 3 of 13inUS Mid-Cap
Intraday session: up, 79 prints from 81.46 to 81.66. Range 81.63 to 82.31. Use the arrow keys to read each point.81.8082.0082.2010 AM12 PM2 PM4 PM
Expense ratio
0.03%
Fund size · all share classes
$217B
1Y total return
+13.9%
Yield · Last 12 months
1.35%
Holdings
284
Avg volume · 30D
2.84M sh
52W range
low $69.44high $84.59
Launched
Filings
SEC EDGAR

The ETF.net VO Grade

A

Score 79 out of 100

Category
US Mid-Cap⁠
Rank
3 of 13
Six-pillar profile for VO. Scores out of 100: Cost 86, Risk 67, Mission 100, Tradability 60, Holdings 49, Durability 92. Strongest: Mission (100). Weakest: Holdings (49). Leans toward Mission.

Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A86 out of 100
    Rank 1 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B67 out of 100
    Rank 4 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 5 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C49 out of 100
    Rank 10 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A92 out of 100
    Rank 1 of 13

Our read on VO

ETF.net Research

In short

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.

Stated mandate

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.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.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

Holdings pillarC49 out of 100Rank 10 of 13 in US Mid-Cap
Asset class
Stocks
Holdings
284
Top-10 weight
10%
Largest holding
NET1.1%

Sectors

  • Industrials18.5%
  • Technology17.6%
  • Financials13.8%
  • Health Care9.3%
  • Consumer Discretionary8.7%
  • Energy8.6%
  • Utilities7.7%
  • Consumer Staples4.8%
  • Real Estate4.8%
  • Materials4.1%
  • Communication2.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 19.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1NETCloudflare Inc1.11%6,908,341$2.4B274
2VLOValero Energy Corp1.10%6,165,477$2.39B411
3MPCMarathon Petroleum Corp1.10%6,013,395$2.38B412
4PSXPhillips 661.01%8,544,356$2.18B392
5PWRQuanta Services Inc0.95%3,219,357$2.07B372
6VRTVertiv Holdings Co0.92%8,243,876$1.99B400
7DDOGDatadog Inc0.91%7,171,428$1.96B435
8HWMHowmet Aerospace Inc0.89%8,539,678$1.93B358
9HOODRobinhood Markets Inc0.88%16,930,022$1.9B343
10LITELumentum Holdings Inc0.86%1,920,780$1.87B404
11CEGConstellation Energy Corp0.84%7,207,556$1.83B376
12HPEHewlett Packard Enterprise Co0.79%26,937,841$1.72B395
13BEBloom Energy Corp0.77%5,991,474$1.66B343
14ROSTRoss Stores Inc0.74%6,869,003$1.6B421
15WBDWarner Bros Discovery Inc0.73%51,074,528$1.58B15

Showing 1–15 of 284 holdings

VO Performance

Launched Jan 26, 2004

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

VO$11,392
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. VO $11,392. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for VO. Periods over one year show the average yearly return.
PeriodVO
Year to date+13.7%
1 month+2.6%
3 months+1.2%
1 year+13.9%
3 yearsper year+18.8%
5 yearsper year+6.7%
10 yearsper year+12.0%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for VO
YearReturn barVO
2026 YTD+13.7%
2025+11.6%
2024+15.3%
2023+16.0%
2022−18.7%
2021+24.7%
2020+18.0%

VO in the news

VO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
1.35%Last 12 months
Payout per share
$1.10Last 12 months
Last payment
$0.29 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 29, 2017 $0.12; Jun 23, 2017 $0.12; Sep 27, 2017 $0.13; Dec 21, 2017 $0.16; Mar 22, 2018 $0.13; Jun 22, 2018 $0.14; Sep 28, 2018 $0.19; Dec 24, 2018 $0.17; Mar 28, 2019 $0.14; Jun 27, 2019 $0.14; Sep 16, 2019 $0.13; Dec 24, 2019 $0.25; Mar 10, 2020 $0.18; Jun 25, 2020 $0.17; Sep 25, 2020 $0.17; Dec 24, 2020 $0.23; Mar 25, 2021 $0.16; Jun 24, 2021 $0.17; Sep 24, 2021 $0.15; Dec 27, 2021 $0.23; Mar 23, 2022 $0.19; Jun 23, 2022 $0.15; Sep 23, 2022 $0.20; Dec 22, 2022 $0.28; Mar 23, 2023 $0.19; Jun 23, 2023 $0.20; Sep 21, 2023 $0.19; Dec 21, 2023 $0.30; Mar 21, 2024 $0.24; Jun 27, 2024 $0.23; Sep 26, 2024 $0.24; Dec 23, 2024 $0.27; Mar 27, 2025 $0.29; Jun 30, 2025 $0.27; Sep 29, 2025 $0.26; Dec 22, 2025 $0.29; Mar 27, 2026 $0.27; Jun 26, 2026 $0.26; Sep 28, 2026 $0.29. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 30, 2026$0.29
Jun 26, 2026Jun 30, 2026$0.26
Mar 27, 2026Mar 31, 2026$0.27
Dec 22, 2025Dec 24, 2025$0.29
Sep 29, 2025Oct 1, 2025$0.26
Jun 30, 2025Jul 2, 2025$0.27
Mar 27, 2025Mar 31, 2025$0.29
Dec 23, 2024Dec 26, 2024$0.27
Sep 26, 2024Sep 30, 2024$0.24
Jun 27, 2024Jul 1, 2024$0.23
Mar 21, 2024Mar 26, 2024$0.24
Dec 21, 2023Dec 27, 2023$0.30

See all 65 payments⁠

$10,000 in VO 10 years ago paid $2,618 in dividends.⁠

VO Risk

Risk pillarB67 out of 100Rank 4 of 13 in US Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
13.5%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.09
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−27.6%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

VO Cost

Tied cheapest in US Mid-Cap

$638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • VO 0.03%

    $638

$10,000
30 years

Cost over time

  • VO 0.03%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$200$400$600$800051015202530VO $638

Year by year

YearVO
10$55
20$216
30$638

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