Is VAW a good investment?

Vanguard Materials ETF (VAW) is a industrials and materials ETF. As of September 11, 2026, ETF Copilot scores VAW 3.6 out of 10 — highest on Growth (5.2), lowest on Quality (1.9). It trades at 22.2 times earnings, against its own median of 19.7. Its ten largest holdings are 57% of the fund.

Updated September 11, 2026

How is VAW rated? ETF Copilot scores Vanguard Materials ETF (VAW) 3.6 out of 10

As of September 11, 2026, ETF Copilot scores Vanguard Materials ETF (VAW) 3.6 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 3.6 / 10
Growth: 5.2 / 10
Valuation: 4.9 / 10
Risk: 2.6 / 10
Quality: 1.9 / 10
Return: 3.0 / 10

What is VAW's expense ratio? 0.09% a year

As of September 11, 2026, VAW charges 0.09% a year, yields 1.75% and holds $4.3B in assets across 110 positions.

Vanguard Materials ETF (VAW) — cost, income and size
Measure	VAW
Expense ratio	0.09%
Dividend yield	1.75%
Assets under management	$4.3B
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.

What stands out in VAW's data

U.S. materials companies, from chemicals to metals and mining.

Priced slightly below the typical materials peer — a cheaper entry point for the same sector exposure.

Trailing P/E multiple of 22.2x sits under the category median of 23.0x. Its 52-week max peak-to-trough decline of -62.0% reflects the sector's cyclical nature.

A broad materials allocation that covers the sector at low cost.

Why did VAW move this week? It fell 3.3% in the week to September 11, 2026 — Linde and Corteva drove it

VAW fell 3.3% in the week to September 11, 2026. The holdings that moved it most were Linde (−3.3%), Corteva (−5.3%) and Newmont (−2.8%); Materion (+7.0%) pushed the other way.

Is VAW expensive right now? It trades at 22.2 times earnings, against its own median of 19.7

As of September 11, 2026, VAW is more expensive than 75% of its own 114 monthly readings since 2017 — 85 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside VAW?

What's inside VAW: Size (Large 61%, Mid 32%, Small 7%); Geography (International 25%, US 75%); Tech 0.1%.

What are VAW's top holdings? The ten largest are 57% of the fund

Linde, Newmont, Freeport-McMoRan, Sherwin-Williams, Ecolab, CRH, AIR Products & Chemicals, Nucor, Corteva and Vulcan Materials are VAW's largest holdings, in that order.

More concentrated than 72% 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 21 equally weighted holdings.

Cite this

ETF Copilot, “Vanguard Materials ETF (VAW) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/vaw