Vanguard Materials ETF (VAW) is a industrials and materials ETF. As of October 28, 2026, ETF Copilot scores VAW 4.3 out of 10 — highest on Growth (5.3), lowest on Quality (3.4). It trades at 21.5 times earnings, against its own median of 19.3. Its ten largest holdings are 59% of the fund.
What stands out in VAW's data
U.S. materials companies, from chemicals to metals and mining.
Trades at a lower price than the typical materials fund — you get the same earnings for less upfront.
Trailing P/E multiple of 21.5x sits below the 22.4x category median, among the cheapest peers. Its 5-year worst drop of -25.5% is a calmer ride than many sector funds offer.
A broad materials allocation that covers the sector at low cost.
How is VAW rated? ETF Copilot scores Vanguard Materials ETF (VAW) 4.3 out of 10
As of October 28, 2026, ETF Copilot scores Vanguard Materials ETF (VAW) 4.3 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.3 / 10
- Growth: 5.3 / 10
- Value: 4.6 / 10
- Risk: 4.6 / 10
- Quality: 3.4 / 10
- Return: 3.4 / 10
Is VAW expensive right now? It trades at 21.5 times earnings, against its own median of 19.3
As of October 28, 2026, VAW is more expensive than 60% of its own last 9 years.
Trailing 12 months, built from VAW's holdings. How we calculate this →
What's inside VAW?
What's inside VAW: Size (Large 63%, Mid 31%, Small 7%); Geography (International 24%, US 76%); Tech 0.1%.
What are VAW's top holdings? The ten largest are 59% of the fund
Linde, Newmont, Freeport-McMoRan, Sherwin-Williams, Ecolab, AIR Products & Chemicals, CRH, Corteva, Nucor and Vulcan Materials are VAW's largest holdings, in that order.
More concentrated than 67% of Industrials & Materials ETFs.
Half of VAW's weight sits in its 8 largest positions, and once those weights are taken into account it behaves like 19 equally weighted holdings.
What is VAW's expense ratio? 0.09% a year
As of October 28, 2026, VAW charges 0.09% a year, yields 1.40% and holds $4.5B in assets across 110 positions.
| Measure | VAW |
|---|---|
| Expense ratio | 0.09% |
| Dividend yield | 1.40% |
| Assets under management | $4.5B |
| Holdings | 110 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Vanguard Materials ETF (VAW) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/vaw
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