Vanguard Materials Index Fund (VAW)

Key Metrics

TER 0.09% per year

Distribution policy Distributing

Fund size USD 4,521 M

Inception date January 26, 2004

Holdings 113

Fund currency USD

Fund domicile US

Provider Vanguard

For full official fund details, factsheets, and holdings, visit investor.vanguard.com (opens in new tab).

Historical Return

Last updated: Aug 01, 2026

1 Year +15.4% +1.4% Div

3 Years (avg.) +5.8% +1.4% Div

5 Years (avg.) +4.2% +1.4% Div

Risk & Analysis Metrics

Last updated: Aug 01, 2026

Volatility

17.69% 1 Year

17.54% 3 Years

19.43% 5 Years

21.03% 10 Years

Max Drawdown

-13.39% 1 Year

-23.88% 3 Years

-25.95% 5 Years

-43.62% 10 Years

Sharpe Ratio

0.57 1 Year

0.15 3 Years

0.08 5 Years

0.24 10 Years

Return Triangle (Heatmap)

Last updated: Aug 01, 2026

	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
2011	-12.2%	-0.8%	5.5%	5.4%	1.5%	4.6%	6.7%	2.9%	4.7%	6.0%	7.7%	5.9%	6.3%	5.8%	6.1%
2012		12.0%	15.7%	11.9%	5.2%	8.3%	10.2%	5.3%	7.0%	8.2%	9.9%	7.7%	8.0%	7.3%	7.6%
2013			19.4%	11.9%	3.1%	7.3%	9.9%	4.2%	6.4%	7.8%	9.7%	7.2%	7.6%	6.9%	7.2%
2014				4.8%	-4.3%	3.6%	7.6%	1.4%	4.3%	6.2%	8.5%	6.0%	6.5%	5.8%	6.3%
2015					-12.6%	3.0%	8.5%	0.5%	4.2%	6.4%	9.1%	6.1%	6.7%	5.9%	6.4%
2016						21.3%	20.9%	5.3%	8.9%	10.7%	13.2%	9.1%	9.4%	8.2%	8.5%
2017							20.6%	-1.9%	5.1%	8.2%	11.6%	7.2%	7.8%	6.7%	7.2%
2018								-20.2%	-1.9%	4.4%	9.5%	4.7%	5.8%	4.8%	5.6%
2019									20.5%	19.4%	21.6%	12.0%	11.9%	9.7%	10.0%
2020										18.2%	22.2%	9.3%	9.9%	7.6%	8.3%
2021											26.4%	5.1%	7.2%	5.1%	6.4%
2022												-12.6%	-1.2%	-1.1%	1.9%
2023													11.7%	5.2%	7.3%
2024														-0.9%	5.2%
2025															11.6%

Distributions

*by ETF Portfolio Weight Last updated: Aug 01, 2026

Profit Margin Distribution

< 0%

12%

1y 3y N/A N/A

0 - 5%

1y 3y N/A N/A

5 - 10%

31%

1y 3y N/A N/A

10 - 15%

13%

1y 3y N/A N/A

15 - 20%

1y 3y N/A N/A

20 - 30%

19%

1y 3y N/A N/A

30 - 40%

12%

1y 3y N/A N/A

> 40%

1y 3y N/A N/A

P/E Ratio Distribution

< 0

13%

1y 3y N/A N/A

0 - 10

1y 3y N/A N/A

10 - 15

19%

1y 3y N/A N/A

15 - 20

1y 3y N/A N/A

20 - 25

12%

1y 3y N/A N/A

25 - 35

34%

1y 3y N/A N/A

35 - 50

1y 3y N/A N/A

> 50

1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation

N/A

Undervalued

> 60%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

15 - 30%

1y 3y N/A N/A

Fair (±15%)

1y 3y N/A N/A

Overvalued

15 - 30%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

> 60%

1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap

0.1%

1y 3y N/A N/A

Small Cap

1.8%

1y 3y N/A N/A

Mid Cap

13.4%

1y 3y N/A N/A

Large Cap

69.3%

1y 3y N/A N/A

Mega Cap

15.3%

1y 3y N/A N/A

Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Average metrics of all companies in portfolio

Last updated: Aug 02, 2026

Market
Average

Market Cap The market value of the company. It's calculated by multiplying the share price by the number of outstanding shares.	$76.9B	-
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price.	1.39%	2.01%
Beta Indicates the relationship between the price performance of a share and the market.	0.92	-
P/E Ratio Ratio between share price and earnings per share. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. A high ratio could indicate that the stock is overvalued or investors are expecting high growth.	27.37	30.76
Negative P/E Ratio a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything	-23.18	-
Profitable Companies	92%	-
PEG The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A lower PEG could mean that a stock is undervalued.	21.05	9.33
Price to Sales Ratio Market cap divided by the revenue in the most recent year.	5.17	7.93
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company	4.26	10.19

Market
Average

Enterprise Value to EBIT Enterprise Value divided by EBIT	18.22	18.56
Enterprise Value to Revenue Enterprise value divided by revenue	5.26	7.93
Total Debt to Enterprise Value Total debt divided by enterprise value	0.16	0.04
Debt to Equity A higher ratio indicates a higher risk. However, the ratio is difficult to compare between industries where common amounts of debt vary.	1.04	0.29
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability.	14.27%	21.90%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago.	-27.1%	-116.0%
Return on Equity Equity divided by market cap.	18.31%	2.81%
Return on Assets Indicates a company's profitability in relation to its total assets.	7.16%	4.15%
Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.	10.12%	3.82%

Sectors

Manufacturing	48.4%
Mining, Quarrying, and Oil and Gas Extraction	29.9%
Financial Services	0.9%
Wholesale Trade	0.3%
Administrative and Support and Waste Management and Remediation Services	0.2%
Basic Materials	0.1%
Industrials	0.0%
Other	20.2%

Countries

United States	73.2%
United Kingdom	15.7%
Ireland	6.3%
Switzerland	3.0%
Netherlands	0.9%
Other	0.5%
France	0.3%
Canada	0.1%
Luxembourg	0.0%

Limit holdings to companies in a single sector.

$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%

Market Cap

P/E Ratio

Total Investment

Weight

Linde Plc.

LIN

Market Cap $221.3B

P/E Ratio 30.7

Dividends 1.3%

Total Investment $674.47M

Weight 14.92%

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Newmont Corp

NEM - Mining, Quarrying, and Oil and Gas Extraction

Market Cap $98.74B

P/E Ratio 11.8

Dividends 1.1%

Total Investment $347.78M

Weight 7.69%

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Freeport-McMoRan Inc

FCX - Mining, Quarrying, and Oil and Gas Extraction

Market Cap $90.03B

P/E Ratio 30.9

Dividends 1.0%

Total Investment $273.84M

Weight 6.06%

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CRH Plc

CRH - Mining, Quarrying, and Oil and Gas Extraction

Market Cap $63.49B

P/E Ratio 14.8

Dividends 1.6%

Total Investment $211.63M

Weight 4.68%

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Sherwin-Williams Co.

SHW - Manufacturing

Market Cap $82.74B

P/E Ratio 31.1

Dividends 0.9%

Total Investment $207.67M

Weight 4.59%

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Ecolab, Inc.

ECL - Manufacturing

Market Cap $78.14B

P/E Ratio 37.0

Dividends 1.0%

Total Investment $189.39M

Weight 4.19%

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Air Products & Chemicals Inc.

APD - Manufacturing

Market Cap $65.67B

P/E Ratio -1417.7

Dividends 2.4%

Total Investment $172.47M

Weight 3.81%

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Nucor Corp.

NUE - Manufacturing

Market Cap $58.6B

P/E Ratio 20.5

Dividends 0.9%

Total Investment $166.05M

Weight 3.67%

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Corteva Inc

CTVA - Manufacturing

Market Cap $52.64B

P/E Ratio 52.1

Dividends 0.9%

Total Investment $153.52M

Weight 3.40%

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Vulcan Materials Co

VMC - Mining, Quarrying, and Oil and Gas Extraction

Market Cap $34.85B

P/E Ratio 31.6

Dividends 0.8%

Total Investment $108.49M

Weight 2.40%

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Steel Dynamics Inc.

STLD - Manufacturing

Market Cap $36.01B

P/E Ratio 22.7

Dividends 0.8%

Total Investment $104.75M

Weight 2.32%

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Martin Marietta Materials, Inc.

MLM - Mining, Quarrying, and Oil and Gas Extraction

Market Cap $31.53B

P/E Ratio 12.9

Dividends 0.6%

Total Investment $101.8M

Weight 2.25%

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PPG Industries, Inc.

PPG - Manufacturing

Market Cap $24.57B

P/E Ratio 15.7

Dividends 2.6%

Total Investment $73.58M

Weight 1.63%

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Dow Inc

DOW - Mining, Quarrying, and Oil and Gas Extraction

Market Cap $21.88B

P/E Ratio -16.8

Dividends 4.6%

Total Investment $69.62M

Weight 1.54%

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Smurfit WestRock plc

Market Cap $24.11B

P/E Ratio 58.1

Dividends 3.9%

Total Investment $62.36M

Weight 1.38%

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Albemarle Corp.

ALB - Manufacturing

Market Cap $13.87B

P/E Ratio -34.6

Dividends 1.4%

Total Investment $60.26M

Weight 1.33%

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DuPont de Nemours Inc

DD - Manufacturing

Market Cap $18.5B

P/E Ratio -761.1

Dividends 1.7%

Total Investment $58.88M

Weight 1.30%

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Alcoa Corp

AA - Manufacturing

Market Cap $11.94B

P/E Ratio 9.2

Dividends 0.9%

Total Investment $58.35M

Weight 1.29%

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Coeur Mining Inc

CDE - Mining, Quarrying, and Oil and Gas Extraction

Market Cap $15.37B

P/E Ratio 11.9

Dividends 0.1%

Total Investment $58.02M

Weight 1.28%

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Reliance Inc.

RS - Manufacturing

Market Cap $20.73B

P/E Ratio 23.5

Dividends 1.2%

Total Investment $57.78M

Weight 1.28%

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Key Metrics

Compare similar ETFs

Historical Return

Risk & Analysis Metrics

Volatility

Max Drawdown

Sharpe Ratio

Return Triangle (Heatmap)

Distributions

Profit Margin Distribution

P/E Ratio Distribution

Discounted Cash Flow

Market Cap Size Distribution

Portfolio Concentration

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Average metrics of all companies in portfolio

Sectors

Countries