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.

$17.23

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: Oct 15, 2026
1 Year +1.6% +2.9% Div
3 Years (avg.) +0.5% +2.9% Div
5 Years (avg.) +0.3% +2.9% Div

Risk & Analysis Metrics

Last updated: Oct 15, 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: Oct 15, 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
0%
1y 3y N/A N/A
25 - 35
20%
1y 3y N/A N/A
35 - 50
0%
1y 3y N/A N/A
> 50
41%
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
1.1%
1y 3y N/A N/A
Small Cap
24.9%
1y 3y N/A N/A
Mid Cap
43.5%
1y 3y N/A N/A
Large Cap
27.5%
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: Oct 15, 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

3 months ago • seekingalpha.com

Lam Research: My Watch List Resolved Bullish, And The Stock Fell 7% Anyway

In its July 29 Q4 print, Lam Research saw revenue $6.72B against a $6.60B guide; EPS $1.82, against a $1.65 guide; gross margin 52%, which is the h...
3 months ago • gurufocus.com

Lam Research Stock Soars 18.9% on $8.1 Billion AI Forecast

Lam Research (LRCX), a semiconductor-equipment company supplying chip-production systems, soared approximately 18.9% in Thursday's regular-session ...
3 months ago • barrons.com

ASML, Lam Research, and a Ton of Other Stocks to Buy Right Now

It's a vibes market and it doesn't matter how good earnings or guidance is for many companies, writes Mizuho analyst Jordan Klein.

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%
Industrials 0.4%
Arts, Entertainment, and Recreation 0.4%
Health Care and Social Assistance 0.3%
Educational Services 0.2%
Technology 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 86.5%

Countries

Other 99.0%
Bermuda 1.7%
Cayman Islands 1.1%
France 0.7%
Puerto Rico 0.7%
Israel 0.3%
Australia 0.2%
Sweden 0.1%

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
P/E Ratio
Dividends Ratio of dividends in the last 12 months to current share price
Total Investment
Weight

Lam Research Corp.

LRCX - Manufacturing

Lam Research Corp.

LRCX - Manufacturing
Market Cap $642.54T
P/E Ratio 55.1
Dividends 0.3%
Total Investment $5.48M
Weight 0.92%

Loading details…

MaxLinear Inc

MXL - Manufacturing

MaxLinear Inc

MXL - Manufacturing
Market Cap $8.72B
P/E Ratio -80.8
Dividends 0.0%
Total Investment $5.19M
Weight 0.87%

Loading details…

Southwest Airlines Co

LUV - Transportation and Warehousing

Southwest Airlines Co

LUV - Transportation and Warehousing
Market Cap $23.15B
P/E Ratio 25.1
Dividends 1.7%
Total Investment $5.14M
Weight 0.86%

Loading details…

LendingClub Corp

LC - Finance and Insurance

LendingClub Corp

LC - Finance and Insurance
Market Cap $2.22B
P/E Ratio 8.9
Dividends 0.0%
Total Investment $5.12M
Weight 0.86%

Loading details…

Extreme Networks Inc.

EXTR - Manufacturing

Extreme Networks Inc.

EXTR - Manufacturing
Market Cap $3.21B
P/E Ratio 75.4
Dividends 0.0%
Total Investment $5.03M
Weight 0.84%

Loading details…

Sarepta Therapeutics Inc

SRPT - Manufacturing

Sarepta Therapeutics Inc

SRPT - Manufacturing
Market Cap $1.88B
P/E Ratio -12.4
Dividends 0.0%
Total Investment $4.62M
Weight 0.77%

Loading details…

Virtu Financial Inc - Ordinary Shares - Class A

VIRT - Finance and Insurance

Virtu Financial Inc - Ordinary Shares - Class A

VIRT - Finance and Insurance
Market Cap $12.24B
P/E Ratio 7.3
Dividends 1.7%
Total Investment $4.46M
Weight 0.75%

Loading details…

Constellium SE - Ordinary Shares - Class A

CSTM - Manufacturing

Constellium SE - Ordinary Shares - Class A

CSTM - Manufacturing
Market Cap $3.5B
P/E Ratio 6.5
Dividends 0.0%
Total Investment $4.27M
Weight 0.71%

Loading details…

Outfront Media Inc

OUT - Finance and Insurance

Outfront Media Inc

OUT - Finance and Insurance
Market Cap $5.28B
P/E Ratio 21.1
Dividends 4.1%
Total Investment $4.24M
Weight 0.71%

Loading details…

Vertiv Holdings Co - Ordinary Shares - Class A

VRT - Manufacturing

Vertiv Holdings Co - Ordinary Shares - Class A

VRT - Manufacturing
Market Cap $93.47B
P/E Ratio 53.7
Dividends 0.1%
Total Investment $4.22M
Weight 0.71%

Loading details…

Ultragenyx Pharmaceutical Inc.

RARE - Manufacturing

Ultragenyx Pharmaceutical Inc.

RARE - Manufacturing
Market Cap $1.52B
P/E Ratio -2.7
Dividends 0.0%
Total Investment $4.18M
Weight 0.70%

Loading details…

Ally Financial Inc

ALLY - Finance and Insurance

Ally Financial Inc

ALLY - Finance and Insurance
Market Cap $11.44B
P/E Ratio 8.8
Dividends 3.2%
Total Investment $4.1M
Weight 0.69%

Loading details…

Universal Insurance Holdings Inc

UVE - Finance and Insurance

Universal Insurance Holdings Inc

UVE - Finance and Insurance
Market Cap $1.28B
P/E Ratio 5.8
Dividends 1.7%
Total Investment $4.08M
Weight 0.68%

Loading details…

Affiliated Managers Group Inc.

AMG - Finance and Insurance

Affiliated Managers Group Inc.

AMG - Finance and Insurance
Market Cap $10.23B
P/E Ratio 12.4
Dividends 0.0%
Total Investment $4.02M
Weight 0.67%

Loading details…

Teradata Corp

TDC - Manufacturing

Teradata Corp

TDC - Manufacturing
Market Cap $2.89B
P/E Ratio 6.2
Dividends 0.0%
Total Investment $3.98M
Weight 0.67%

Loading details…

Banc of California Inc

BANC - Finance and Insurance

Banc of California Inc

BANC - Finance and Insurance
Market Cap $4.01B
P/E Ratio -42.2
Dividends 2.7%
Total Investment $3.96M
Weight 0.66%

Loading details…

American Assets Trust Inc

AAT - Finance and Insurance

American Assets Trust Inc

AAT - Finance and Insurance
Market Cap $1.32B
P/E Ratio 73.7
Dividends 6.3%
Total Investment $3.96M
Weight 0.66%

Loading details…

American States Water Co.

AWR - Utilities

American States Water Co.

AWR - Utilities
Market Cap $3.22B
P/E Ratio 22.5
Dividends 2.5%
Total Investment $3.95M
Weight 0.66%

Loading details…

Mastec Inc.

MTZ - Construction

Mastec Inc.

MTZ - Construction
Market Cap $17.08B
P/E Ratio 33.5
Dividends 0.0%
Total Investment $3.91M
Weight 0.66%

Loading details…

Kaiser Aluminum Corp

KALU - Manufacturing

Kaiser Aluminum Corp

KALU - Manufacturing
Market Cap $2.48B
P/E Ratio 10.9
Dividends 2.0%
Total Investment $3.89M
Weight 0.65%

Loading details…