Average Daily Volume
900.3K
Fund Overview
The Vanguard Mid-Cap ETF (VO) is designed to provide investors with exposure to mid-sized U.S. companies. The fund seeks to track the performance of the CRSP US Mid Cap Index, which includes companies with market capitalizations roughly between $2 billion and $10 billion. VO offers diversified exposure across various sectors, including industrials, consumer discretionary, and technology, making it a core holding for investors seeking growth potential in the mid-cap segment. With a low expense ratio and strong historical performance, VO is a cost-effective way to invest in mid-sized firms that may offer higher growth potential than large caps while being less volatile than small caps.
- Asset Class
-
Equity
- Industry
-
N/A
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 1.48 %
- Currency Hedged
-
No
- Portfolio Turnover
-
16 %
- Dividend Date
-
Why Invest in the VO ETF?
Potential Benefits
- Diversified exposure to mid-cap U.S. stocks, which historically offer a balance of growth and stability.
- Low expense ratio (0.04% as of 2025), making it one of the most cost-efficient mid-cap ETFs available.
- Tracks the CRSP US Mid Cap Index, which is well-constructed and representative of the mid-cap segment.
- Strong historical performance, with mid-caps often outperforming large caps over long periods.
- Highly liquid, with tight bid-ask spreads and ample trading volume.
Potential Risks
- Mid-cap stocks can be more volatile than large-cap stocks, particularly during market downturns.
- Sector concentration risk, as mid-cap indices may have higher weightings in cyclical sectors like industrials and consumer discretionary.
- Interest rate sensitivity, as mid-cap companies may have higher borrowing costs in rising rate environments.
- Limited international exposure, as VO focuses solely on U.S. mid-cap companies.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+2.0%
|
+3.4%
|
-5.9%
|
+7.7%
|
+2.1%
|
+2.4%
|
+0.5%
|
+1.4%
|
-4.1%
|
+3.3%
|
-
|
-
|
| 2025 |
+4.3%
|
-1.9%
|
-4.0%
|
-1.0%
|
+5.5%
|
+4.0%
|
+2.2%
|
+1.4%
|
+1.7%
|
-1.0%
|
+0.4%
|
-0.3%
|
| 2024 |
-1.5%
|
+5.0%
|
+4.3%
|
-4.7%
|
+2.7%
|
-0.6%
|
+4.0%
|
+2.5%
|
+2.5%
|
-0.4%
|
+8.3%
|
-6.8%
|
| 2023 |
+8.0%
|
-2.7%
|
-1.1%
|
-0.8%
|
-2.6%
|
+8.5%
|
+3.5%
|
-3.6%
|
-4.9%
|
-4.7%
|
+10.0%
|
+7.1%
|
| 2022 |
-7.9%
|
-1.0%
|
+2.7%
|
-8.0%
|
-0.4%
|
-9.4%
|
+9.6%
|
-2.9%
|
-9.9%
|
+8.5%
|
+6.1%
|
-5.4%
|
| 2021 |
-0.5%
|
+5.3%
|
+2.4%
|
+4.8%
|
+0.8%
|
+1.8%
|
+1.3%
|
+3.0%
|
-4.2%
|
+6.6%
|
-2.5%
|
+3.9%
|
| 2020 |
-0.2%
|
-8.8%
|
-18.4%
|
+14.2%
|
+7.3%
|
+2.0%
|
+6.3%
|
+3.2%
|
-1.6%
|
-0.1%
|
+13.4%
|
+4.0%
|
| 2019 |
+10.5%
|
+4.3%
|
+1.4%
|
+3.7%
|
-6.1%
|
+7.1%
|
+1.3%
|
-2.8%
|
+2.1%
|
+1.1%
|
+3.2%
|
+2.4%
|
| 2018 |
+4.3%
|
-4.0%
|
-0.1%
|
-0.2%
|
+1.8%
|
+0.9%
|
+2.5%
|
+2.5%
|
-0.4%
|
-8.4%
|
+2.3%
|
-9.8%
|
| 2017 |
+3.0%
|
+3.0%
|
0.0%
|
+1.2%
|
+0.9%
|
+0.6%
|
+1.8%
|
-0.6%
|
+2.3%
|
+1.4%
|
+3.2%
|
+1.0%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
WELL
|
WELLTOWER INC |
1.1 % |
|
PLTR
|
n/a |
1.0 % |
|
AJG
|
ARTHUR J. GALLAGHER & CO |
1.0 % |
|
APH
|
AMPHENOL CORP CLASS A |
1.0 % |
|
CEG
|
CONSTELLATION ENERGY CORP |
0.9 % |
|
MSI
|
MOTOROLA SOLUTIONS INC |
0.9 % |
|
TDG
|
TRANSDIGM GROUP INC |
0.9 % |
|
DASH
|
DOORDASH INC ORDINARY SHARES CLASS A |
0.8 % |
|
RCL
|
ROYAL CARIBBEAN GROUP |
0.7 % |
|
OKE
|
ONEOK INC |
0.7 % |
Top 10 holdings shown, out of 319 total holdings.
Related ETFs: VO vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
VO seeks to track the CRSP US Mid Cap Index, which includes U.S. mid-cap stocks with market capitalizations between roughly $2 billion and $10 billion. The index is free-float adjusted and market-cap weighted, meaning larger companies within the mid-cap range have a greater influence on performance. The fund holds a diversified portfolio of common stocks across various sectors, with quarterly rebalancing to maintain alignment with the index. VO uses a passive management approach, aiming to replicate the index's performance with minimal tracking error.
Frequently Asked Questions
What is the difference between VO and VOT (Vanguard Mid-Cap Growth ETF)?
VO provides broad exposure to mid-cap stocks, while VOT focuses specifically on mid-cap growth stocks, which are companies expected to grow earnings at an above-average rate. VO includes both growth and value stocks, offering more balanced exposure.
How often does VO rebalance its holdings?
VO rebalances quarterly to align with the CRSP US Mid Cap Index, ensuring the fund maintains accurate representation of the mid-cap market segment.
Does VO pay dividends?
Yes, VO pays quarterly dividends, as many mid-cap companies distribute earnings to shareholders. Dividend yields may vary based on the underlying holdings' performance.
Industry Overview
The Vanguard Mid-Cap ETF (VO) provides exposure to mid-sized U.S. companies, which are often in a growth phase but have established business models. Mid-cap stocks typically offer a balance between the stability of large caps and the growth potential of small caps. Investing in mid-caps can be advantageous for investors seeking diversification beyond large-cap heavy indices like the S&P 500. VO's focus on the CRSP US Mid Cap Index ensures broad representation across industries, making it a solid choice for those looking to capitalize on the mid-cap segment's historical outperformance over long periods.
Alternative Comparison
Compared to peers like IJH (iShares Core S&P Mid-Cap ETF) and SCHM (Schwab U.S. Mid-Cap ETF), VO stands out for its ultra-low expense ratio and broad exposure via the CRSP index. While IJH tracks the S&P MidCap 400, which is more selective with 400 constituents, VO's CRSP index includes a larger number of stocks, providing slightly broader diversification. SCHM also tracks a broad mid-cap index (Dow Jones U.S. Mid-Cap Total Stock Market) but has a marginally higher expense ratio than VO. Investors prioritizing cost efficiency may prefer VO, while those seeking a more concentrated mid-cap exposure might consider IJH.
Issuer Overview
Vanguard is one of the largest and most respected asset managers globally, known for its low-cost index funds and ETFs. The firm is structured as a client-owned entity, which aligns its interests with those of its investors. Vanguard's reputation for transparency, low fees, and long-term investment philosophy makes VO a trusted choice for mid-cap exposure.
Conclusion
The Vanguard Mid-Cap ETF (VO) is an excellent choice for investors seeking cost-effective, diversified exposure to U.S. mid-cap stocks. With its low expense ratio, strong track record, and broad index coverage, VO is well-suited for long-term portfolios aiming to capture the growth potential of mid-sized companies. While mid-caps carry higher volatility than large caps, they have historically delivered attractive risk-adjusted returns over time.
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