- ISIN
- US9229085124
- CUSIP
- 922908512
- Issuer
- Vanguard
- Inception Date
- Aug 17, 2006
- Region
- North America (U.S.)
- Category
- Mid Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- CRSP US Mid Cap Value Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $37B
Share Price Chart
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Performance
VOE Performance Chart
Vanguard Mid-Cap Value ETF (VOE) is up 11.0% since the beginning of the year. VOE is currently trading at $196 per share. Investors who bought $1,000 worth of VOE shares 5 years ago would now be looking at an investment worth $1,590.
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Returns By Period
Vanguard Mid-Cap Value ETF (VOE) has returned 11.03% so far this year and 23.69% over the past 12 months. Over the last ten years, VOE has returned 10.60% per year, falling short of the S&P 500 Index benchmark, which averaged 13.67% annually.
Vanguard Mid-Cap Value ETF
- 1D
- 0.02%
- 1M
- 2.46%
- YTD
- 11.03%
- 6M
- 11.11%
- 1Y
- 23.69%
- 3Y*
- 15.08%
- 5Y*
- 9.72%
- 10Y*
- 10.60%
Benchmark (S&P 500 Index)
- 1D
- 1.08%
- 1M
- 2.00%
- YTD
- 9.57%
- 6M
- 10.71%
- 1Y
- 25.41%
- 3Y*
- 19.37%
- 5Y*
- 12.48%
- 10Y*
- 13.67%
VOE Monthly Returns History
Based on dividend-adjusted daily data since Aug 25, 2006, VOE's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2009 with a return of +16.5%, while the worst month was Oct 2008 at -22.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VOE closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +11.6%, while the worst single day was Mar 16, 2020 at -11.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.22% | 5.13% | -4.65% | 5.65% | -0.08% | 0.68% | 11.03% | ||||||
| 2025 | 2.57% | 0.00% | -2.61% | -3.03% | 3.69% | 2.43% | 1.75% | 3.26% | 1.54% | -1.28% | 3.01% | 0.43% | 12.08% |
| 2024 | -1.56% | 4.06% | 5.47% | -4.40% | 3.22% | -1.65% | 6.07% | 3.03% | 2.49% | -1.01% | 6.15% | -7.61% | 14.00% |
| 2023 | 7.17% | -3.56% | -3.56% | 0.69% | -5.24% | 8.79% | 3.75% | -3.88% | -4.59% | -3.64% | 8.65% | 6.59% | 9.85% |
| 2022 | -2.70% | -0.60% | 3.42% | -4.93% | 2.20% | -10.53% | 7.61% | -2.56% | -9.84% | 10.04% | 6.53% | -4.49% | -7.97% |
| 2021 | -0.26% | 7.51% | 6.17% | 4.50% | 2.23% | -2.00% | 0.39% | 3.29% | -3.79% | 4.36% | -2.24% | 6.16% | 28.78% |
Benchmark Metrics
Vanguard Mid-Cap Value ETF has an annualized alpha of 0.32%, beta of 1.01, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since August 25, 2006.
- With beta of 1.01 and R2 of 0.87, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.32%
- Beta
- 1.01
- R²
- 0.87
- Upside Capture
- 103.81%
- Downside Capture
- 103.37%
Expense Ratio
VOE has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
VOE ranks 68 for risk / return — better than 68% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Mid-Cap Value ETF (VOE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VOE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 2.81 | +0.63 |
| Martin ratioReturn relative to average drawdown | 13.00 | 12.55 | +0.45 |
Dividends
Dividend History
Vanguard Mid-Cap Value ETF provided a 1.87% dividend yield over the last twelve months, with an annual payout of $3.67 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.67 | $3.72 | $3.42 | $3.29 | $3.07 | $2.67 | $2.81 | $2.44 | $2.62 | $2.07 | $1.86 | $1.76 |
Dividend yield | 1.87% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Mid-Cap Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $1.00 | $0.00 | $0.00 | $0.00 | $1.00 | ||||||
| 2025 | $0.00 | $0.00 | $1.05 | $0.00 | $0.00 | $0.86 | $0.00 | $0.00 | $0.87 | $0.00 | $0.00 | $0.93 | $3.72 |
| 2024 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | $0.88 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $1.00 | $3.42 |
| 2023 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $1.11 | $3.29 |
| 2022 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $1.10 | $3.07 |
| 2021 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.86 | $2.67 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Mid-Cap Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard Mid-Cap Value ETF was 61.50%, occurring on Mar 9, 2009. Recovery took 538 trading sessions.
The current Vanguard Mid-Cap Value ETF drawdown is 1.70%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.50%Mar 2009 | 1y 9mo | 2y 1mo | 3y 10moJun 2007 - Apr 2011 |
COVID crash2020 | -43.18%Mar 2020 | 1mo 9d | 8mo 16d | 9mo 25dFeb 2020 - Dec 2020 |
2011 bear market2011 | -24.10%Oct 2011 | 5mo 4d | 5mo 12d | 10mo 16dMay 2011 - Mar 2012 |
Rate-hike selloffLate 2018 | -21.52%Dec 2018 | 10mo 29d | 7mo 2d | 1y 5moJan 2018 - Jul 2019 |
Bear market2022 | -19.70%Sep 2022 | 5mo 12d | 1y 4mo | 1y 10moApr 2022 - Feb 2024 |
Drawdown Indicators
| VOE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.50% | -56.78% | -4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -9.10% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -18.45% | -18.90% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -19.70% | -25.43% | +5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -43.18% | -33.92% | -9.26% |
Current DrawdownCurrent decline from peak | -1.70% | -1.43% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -10.71% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.03% | -0.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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