Vanguard Market Neutral Fund

Vanguard Market Neutral Fund (the “Fund”) seeks to provide long-term capital appreciation while limiting exposure to general stock market risk.

$16.69

Key Metrics

TER 1.95% per year
Distribution policy Distributing
Fund size USD 597 M
Inception date November 11, 1998
Holdings 616
Fund currency USD
Fund domicile US
Provider Vanguard
For full official fund details, factsheets, and holdings, visit investor.vanguard.com (opens in new tab).

Compare similar ETFs

Fund Size
Dividend
Fees
Current
Market Neutral Fund VMNFX
Fund Size
$1.13B
Dividend
2.9%
Fees
1.95%

Historical Return

Last updated: Nov 01, 2026
1 Year -0.7% +2.9% Div
3 Years (avg.) -0.2% +2.9% Div
5 Years (avg.) -0.1% +2.9% Div

Risk & Analysis Metrics

Last updated: Nov 01, 2026

Volatility

N/A 1 Year
N/A 3 Years
N/A 5 Years
N/A 10 Years

Max Drawdown

N/A 1 Year
N/A 3 Years
N/A 5 Years
N/A 10 Years

Sharpe Ratio

N/A 1 Year
N/A 3 Years
N/A 5 Years
N/A 10 Years

Distributions

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

Profit Margin Distribution

< 0%
20%
1y 3y N/A N/A
0 - 5%
39%
1y 3y N/A N/A
5 - 10%
0%
1y 3y N/A N/A
10 - 15%
0%
1y 3y N/A N/A
15 - 20%
20%
1y 3y N/A N/A
20 - 30%
0%
1y 3y N/A N/A
30 - 40%
21%
1y 3y N/A N/A
> 40%
0%
1y 3y N/A N/A

P/E Ratio Distribution

< 0
20%
1y 3y N/A N/A
0 - 10
20%
1y 3y N/A N/A
10 - 15
0%
1y 3y N/A N/A
15 - 20
0%
1y 3y N/A N/A
20 - 25
20%
1y 3y N/A N/A
25 - 35
0%
1y 3y N/A N/A
35 - 50
21%
1y 3y N/A N/A
> 50
19%
1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation
N/A
Undervalued
> 60%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
15 - 30%
0%
1y 3y N/A N/A
Fair (&plusmn;15%)
0%
1y 3y N/A N/A
Overvalued
15 - 30%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
> 60%
0%
1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap
1.2%
1y 3y N/A N/A
Small Cap
29.3%
1y 3y N/A N/A
Mid Cap
42.3%
1y 3y N/A N/A
Large Cap
24.3%
1y 3y N/A N/A
Mega Cap
3.0%
1y 3y N/A N/A
Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Portfolio Concentration

*by ETF Portfolio Weight Last updated: Nov 01, 2026
117.6% Top 5 Holdings
216.3% Top 10 Holdings
882.0% Top 50 Holdings
1513.1% Top 100 Holdings
Top 5 Companies
LRCX Lam Research Corp.
24.8%
MXL MaxLinear Inc
23.5%
LUV Southwest Airlines Co
23.3%
LC LendingClub Corp
23.2%
EXTR Extreme Networks Inc.
22.8%

Latest News

23 days ago • defenseworld.net

5,565 Lam Research Corporation $LRCX Shares Sold by Brookstone Capital Management

Brookstone Capital Management trimmed its stake in Lam Research Corporation (NASDAQ: LRCX) by 9.2% in the undefined quarter, according to its most ...

23 days ago • defenseworld.net

Lam Research Corporation $LRCX Stock Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its stake in shares of Lam Research Corporation (NASDAQ: LRCX) by 49.4% during the undefined quarter, accor...

24 days ago • benzinga.com

Lam Research Analysts Cut Their Forecasts Following Q1 Earnings

Lam Research Corp. (NASDAQ:LRCX) posted upbeat first-quarter fiscal 2027 results after Wednesday's closing bell.

Average metrics of all companies in portfolio

Last updated: Nov 15, 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. $11.2B -
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price. 0.42% 1.62%
Beta Indicates the relationship between the price performance of a share and the market. 2.2 -
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. 32.45 23.53
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 -159.37 -
Profitable Companies 80% -
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. 30.31 6.74
Price to Sales Ratio Market cap divided by the revenue in the most recent year. 5.07 3.49
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company 9.29 6.14
Market
Average
Enterprise Value to EBIT Enterprise Value divided by EBIT 17.79 13.64
Enterprise Value to Revenue Enterprise value divided by revenue 2.67 5.06
Total Debt to Enterprise Value Total debt divided by enterprise value 0.18 0.17
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. 1.79 0.97
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability. 10.72% 15.77%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago. +97.5% +15.1%
Return on Equity Equity divided by market cap. 28.73% 24.28%
Return on Assets Indicates a company's profitability in relation to its total assets. 7.90% 7.76%
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. 18.01% 14.06%

Sectors

Manufacturing 10.3%
Information 4.0%
Finance and Insurance 2.4%
Transportation and Warehousing 1.7%
Retail Trade 1.1%
Utilities 0.8%
Real Estate and Rental and Leasing 0.6%
Arts, Entertainment, and Recreation 0.4%
Health Care and Social Assistance 0.3%
Educational Services 0.2%
Technology 0.1%
Industrials 0.1%
Construction 0.0%
Communication Services -0.1%
Basic Materials -0.1%
Consumer Defensive -0.1%
Finance -0.2%
Administrative and Support and Waste Management and Remediation Services -0.3%
Professional, Scientific, and Technical Services -0.4%
Agriculture, Forestry, Fishing and Hunting -0.4%
Real Estate -0.5%
Wholesale Trade -0.6%
Healthcare -0.6%
Consumer Cyclical -0.8%
Accommodation and Food Services -1.3%
Financial Services -1.7%
Mining, Quarrying, and Oil and Gas Extraction -1.8%
Other 86.8%

Countries

United States 96.5%
Other 3.5%

Stock Screener

Select filters to narrow down the 581 investments below

581 companies

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 $24.67B
P/E Ratio 33.5
Dividends 0.5%
Total Investment $5.48M
Weight 0.92%

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Market Cap $5.06B
P/E Ratio -159.4
Dividends 0.0%
Total Investment $5.19M
Weight 0.87%

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Market Cap $19.78B
P/E Ratio 21.3
Dividends 1.6%
Total Investment $5.14M
Weight 0.86%

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Market Cap $1.79B
P/E Ratio 8.5
Dividends 0.0%
Total Investment $5.12M
Weight 0.86%

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Market Cap $3.54B
P/E Ratio 67.1
Dividends 0.0%
Total Investment $5.03M
Weight 0.84%

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Market Cap $1.73B
P/E Ratio 178.6
Dividends 0.0%
Total Investment $4.62M
Weight 0.77%

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Market Cap $5.91B
P/E Ratio 22.5
Dividends 3.7%
Total Investment $4.24M
Weight 0.71%

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Market Cap $1.64B
P/E Ratio -3.1
Dividends 0.0%
Total Investment $4.18M
Weight 0.70%

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Market Cap $11.5B
P/E Ratio 8.7
Dividends 3.3%
Total Investment $4.1M
Weight 0.69%

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Market Cap $1.34B
P/E Ratio 5.8
Dividends 1.6%
Total Investment $4.08M
Weight 0.68%

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Market Cap $9.75B
P/E Ratio 13.0
Dividends 0.0%
Total Investment $4.02M
Weight 0.67%

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Market Cap $3.15B
P/E Ratio 7.1
Dividends 0.0%
Total Investment $3.98M
Weight 0.67%

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Market Cap $2.81B
P/E Ratio -54.0
Dividends 2.6%
Total Investment $3.96M
Weight 0.66%

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Market Cap $1.33B
P/E Ratio 61.6
Dividends 6.3%
Total Investment $3.96M
Weight 0.66%

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Market Cap $3.52B
P/E Ratio 24.3
Dividends 2.3%
Total Investment $3.95M
Weight 0.66%

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Market Cap $14.68B
P/E Ratio 29.6
Dividends 0.0%
Total Investment $3.91M
Weight 0.66%

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Market Cap $1.77B
P/E Ratio 8.1
Dividends 2.8%
Total Investment $3.89M
Weight 0.65%

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