VAW is a Sector & Thematic ETF from Vanguard holding 110 positions as of May 31, 2026, with $3.0B in assets and a 0.09% net expense ratio. Its largest positions are LIN (14.9%), NEM (7.7%) and FCX (6.1%); the top 10 holdings account for 55.4% of the portfolio. By sector it leans Materials (99.5%) and Energy (0.3%). It yields 1.34% on a trailing-12-month basis.
- Issuer
- Vanguard
- Holdings
- 110
- Net Assets
- $3.0BETF assets as of 2026-08-10
- Expense Ratio
- 0.09%per latest SEC prospectus filing
- TTM Yield
- 1.34%trailing 12-month distributions
Performance
- 1M
- +3.2%
- YTD
- +14.7%
- 1Y
- +20.8%
- 3Y (ann.)
- +10.3%
- 5Y (ann.)
- +7.0%
- 10Y (ann.)
- +10.1%
A $10,000 investment 10 years ago would be worth $26,150 today at the 10Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Sector Breakdown
| Materials | 99.5% |
|---|---|
| Energy | 0.3% |
| Other Sectors | 0.0% |
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 |  LINLinde PLC COM EUR0.001 | 14.92% |
| 2 |  NEMNewmont Corporation COM | 7.69% |
| 3 |  FCXFreeport-McMoRan Inc. CL B | 6.06% |
| 4 |  CRHCRH plc | 4.68% |
| 5 |  SHWThe Sherwin-Williams Company COM | 4.59% |
| 6 |  ECLEcolab Inc. COM | 4.19% |
| 7 |  APDAir Products & Chemicals, Inc. COM | 3.81% |
| 8 |  NUENucor Corporation COM | 3.67% |
| 9 |  CTVACorteva Inc COM | 3.40% |
| 10 |  VMCVulcan Materials Company COM | 2.40% |
| 11 |  STLDSteel Dynamics, Inc. COM | 2.32% |
| 12 |  MLMMartin Marietta Materials Inc COM | 2.25% |
| 13 |  AMRZAmrize Ltd. | 1.74% |
| 14 |  PPGPPG Industries, Inc. COM | 1.63% |
| 15 |  DOWDow Inc COM | 1.54% |
| 16 |  SWSmurfit WestRock plc COM USD0.001 | 1.38% |
| 17 |  ALBAlbemarle Corp COM | 1.33% |
| 18 |  DDDupont De Nemours Inc COM | 1.30% |
| 19 |  AAAlcoa Corporation COM | 1.29% |
| 20 |  CDECoeur Mining Inc COM NEW | 1.28% |
| 21 |  RSReliance Inc COM | 1.28% |
| 22 |  PKGPackaging Corporation of America COM | 1.26% |
| 23 |  IFFInternational Flavors & Fragrances Inc. COM | 1.25% |
| 24 |  RGLDRoyal Gold, Inc. COM | 1.22% |
| 25 |  AMCRAmcor PLC COM NEW | 1.15% |
Showing the top 25 of 110 holdings. See the full VAW holdings list →
VAW alternatives
The closest Sector & Thematic ETFs to VAW by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
| 96% | 0.08%cheaper | $579M | Compare → | |
 XLBState Street® Materials Select Sector SPDR® ETF | 72% | 0.08%cheaper | $8.4B | Compare → |
 IYMiShares U.S. Basic Materials ETF | 59% | 0.38%pricier | $1.1B | Compare → |
 XMEState Street® SPDR® S&P® Metals & Mining ETF | 24% | 0.35%pricier | $4.0B | Compare → |
 GDXVanEck Gold Miners ETF | 11% | 0.51%pricier | $23.7B | Compare → |
 IYJiShares U.S. Industrials ETF | 6% | 0.38%pricier | $2.0B | Compare → |
 ITBiShares U.S. Home Construction ETF | 5% | 0.38%pricier | $2.3B | Compare → |
 PHOInvesco Water Resources ETF | 4% | 0.59%pricier | $2.1B | Compare → |
Frequently Asked Questions
What is VAW's expense ratio?
VAW has a net expense ratio of 0.09%, per its latest SEC prospectus filing. That works out to about $9 a year on a $10,000 investment.
How many holdings does VAW have?
VAW held 110 positions as of May 31, 2026, per its latest official holdings data.
What are VAW's top 10 holdings?
VAW's largest positions are LIN (14.9%), NEM (7.7%), FCX (6.1%), CRH (4.7%), SHW (4.6%), ECL (4.2%), APD (3.8%), NUE (3.7%), CTVA (3.4%), VMC (2.4%). Together they account for 55.4% of the portfolio.
What is VAW's dividend yield?
VAW yields 1.34% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is VAW?
VAW has $3.0B in assets as of Aug 10, 2026.
What are good alternatives to VAW?
By portfolio overlap, the closest Sector & Thematic ETFs to VAW are FMAT (96% overlap), XLB (72% overlap), IYM (59% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.