VAW holdings and overlap

Vanguard Materials ETF (VAW) holds 110 positions in its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. Its three largest are Linde (LIN) at 14.92%, Newmont (NEM) at 7.69% and Freeport-McMoRan (FCX) at 6.06%, and its ten largest make up 55.4% of the fund.

In its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29, VAW is 98.5% materials and 1.3% industrials by sector, with none of it in mega-cap tech or in the ten largest US companies by market value.

Edited by VoidLab Data through Last revised

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VAWVanguard Materials ETFMaterials, Vanguard, 110 positions
Last close, 2026-10-28
$227.44 +0.12%
52-week range 190 to 244
Largest position, N-PORT 2026-05-31
LIN
14.92% of the ETF, Linde
Positions, N-PORT 2026-05-31
110
55.4% in the ten largest
Cost per year
0.09%
$9 a year on $10,000
Assets
$4.5B
the whole fund, all share classes
Return, 3 years
+38.3%
cumulative, total return
Worst fall
-19.8%
peak to trough, 3 years, weekly closes

What does VAW hold, from its SEC Form N-PORT for the period ended 2026-05-31?

VAW spreads its weight across 110 positions, against a median of 40 across the 11 Materials funds with a page here. The position VAW carries furthest above that group is CRH at 4.68% of the fund, a company the median fund in that group does not hold at all.

The 100 largest of the 110 positions in VAW's filing; all 110 are in the fund's JSON file.
RankCompanyWeightWeight bar
1 LIN Linde 14.92%
2 NEM Newmont 7.69%
3 FCX Freeport-McMoRan 6.06%
4 CRH CRH 4.68%
5 SHW Sherwin-Williams 4.59%
6 ECL Ecolab 4.19%
7 APD Air Products 3.81%
8 NUE Nucor 3.67%
9 CTVA Corteva 3.4%
10 VMC Vulcan Materials 2.4%
11 STLD Steel Dynamics 2.32%
12 MLM Martin Marietta Materials 2.25%
13 AMRZ Amrize Ltd 1.74%
14 PPG PPG Industries 1.63%
15 DOW Dow 1.54%
16 SW Smurfit Westrock 1.38%
17 ALB Albemarle 1.33%
18 DD DuPont 1.3%
19 AA Alcoa 1.29%
20 CDE Coeur Mining 1.28%
21 RS Reliance 1.28%
22 PKG Packaging Corporation of America 1.26%
23 IFF International Flavors & Fragrances 1.25%
24 RGLD Royal Gold 1.22%
25 AMCR Amcor 1.15%
26 CF CF Industries 1.12%
27 LYB LyondellBasell 1.1%
28 IP International Paper 1.08%
29 BALL Ball 0.89%
30 RPM RPM International 0.87%
31 SOLS Solstice Advanced Materials Inc. 0.86%
32 AVY Avery Dennison 0.79%
33 HL Hecla Mining 0.76%
34 CCK Crown 0.7%
35 ESI Element Solutions 0.63%
36 MP MP Materials 0.59%
37 EMN Eastman Chemical 0.56%
38 CMC Commercial Metals 0.54%
39 CLF Cleveland-Cliffs 0.5%
40 ATR AptarGroup 0.49%
41 MOS Mosaic 0.49%
42 EXP Eagle Materials 0.46%
43 AXTA Axalta Coating Systems 0.42%
44 NEU NewMarket 0.4%
45 CE Celanese 0.37%
46 BCPC Balchem 0.33%
47 HCC Warrior Met Coal 0.32%
48 SON Sonoco Products 0.31%
49 LPX Louisiana-Pacific 0.31%
50 CBT Cabot 0.3%
51 MTRN Materion 0.29%
52 PRM Perimeter Solutions, SA 0.29%
53 KNF Knife Riv 0.29%
54 CSTM Constellium SE 0.27%
55 SXT Sensient Technologies 0.26%
56 CENX Century Aluminum 0.24%
57 FUL H. B. Fuller 0.22%
58 SLGN Silgan 0.22%
59 WLK Westlake 0.21%
60 GPK Graphic Packaging 0.21%
61 CC Chemours 0.21%
62 AVNT Avient 0.21%
63 HWKN Hawkins 0.2%
64 OLN Olin 0.19%
65 KALU Kaiser Aluminum 0.19%
66 SMG Scotts Miracle-Gro 0.18%
67 ASH Ashland 0.17%
68 HUN Huntsman 0.16%
69 NGVT Ingevity 0.16%
70 MTX Minerals Technologies 0.15%
71 PPTA Perpetua Resources 0.15%
72 AMR Alpha Metallurgical Resources 0.14%
73 USAR USA Rare Earth 0.14%
74 IOSP Innospec 0.13%
75 KWR Quaker Houghton 0.13%
76 FMC FMC 0.11%
77 PCT PureCycle Technologies 0.11%
78 GEF Greif 0.1%
79 ECVT Ecovyst 0.1%
80 WS Worthington Steel 0.09%
81 OI O-I Glass 0.09%
82 TRS TriMas 0.09%
83 RYZ Ryerson 0.09%
84 SLVM Sylvamo 0.08%
85 USLM United States Lime + Mineral 0.08%
86 IE Ivanhoe Electric 0.08%
87 TMC TMC the metals company 0.08%
88 SCL Stepan 0.07%
89 CMP Compass Minerals Intl 0.07%
90 MUX McEwen 0.07%
91 UAMY United States Antimony Corp 0.07%
92 TROX Tronox 0.06%
93 ASPI ASP Isotopes 0.05%
94 KOP Koppers 0.05%
95 SXC SunCoke Energy 0.05%
96 MTUS Metallus 0.05%
97 MYE Myers Industries 0.05%
98 LXU LSB Industries 0.04%
99 ASIX AdvanSix 0.04%
100 METC Ramaco Resources 0.04%

VAW's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29, 150 days before these prices; a newer filing replaces it when the nightly read of EDGAR finds one. Every one of the 110 positions VAW holds, with its weight, is in the fund's JSON file. See the other 104 ETFs with a page here that hold LIN, and how their weights compare with the 14.92% VAW gives it.

Category: Materials, set by TickerInside from the ETF's own latest file. In its file of 2026-05-31, 99% of its stocks whose sector is known are materials companies, each in the sector the site gives that company. How categories are set.

Use this data
JSONhttps://tickerinside.com/api/v1/fund/vaw.json
CSVhttps://tickerinside.com/api/v1/fund/vaw.csv
Sheets=IMPORTDATA("https://tickerinside.com/api/v1/fund/vaw.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/vaw.csv"; ","; "en_US")
curlcurl -s https://tickerinside.com/api/v1/fund/vaw.json
API reference · spreadsheet guide Add TickerInside to Claude to ask about VAW with this data

How is VAW split by sector?

SectorWeightWeight bar
Materials98.5%
Industrials1.3%

From its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. How these are measured.

What did VAW hold in its SEC reports since 2019?

VAW's largest position in its SEC filings has been Linde plc (LIN) since 2019-11-30: 12.42% then and 14.92% in its report for 2026-05-31, across 27 quarterly reports.

Largest in 2019
LIN
12.42% on 2019-11-30
Largest in 2026
LIN
14.92% on 2026-05-31
Ten largest
55.4%
50.8% in 2019
Quarterly reports
27
since 2019, SEC Form N-PORT
ReportPositionsLargestTop 10
2019-11-30108LIN 12.42%50.8%
2020-11-30111LIN 13.09%53.2%
2021-11-30113LIN 13.17%49.4%
2022-11-30111LIN 13.93%49.0%
2023-11-30110LIN 17.00%52.5%
2024-11-30119LIN 15.07%51.5%
2025-11-30113LIN 14.11%56.1%
2026-05-31110LIN 14.92%55.4%

The first report, then the last of each year, of the 27 reports VAW filed on SEC Form N-PORT from 2019-11-30 to 2026-05-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/vaw/{date}.json. How these are read.

What does VAW duplicate?

The ETF nearest to VAW is XLB: the two hold 67.5% of their weight in common, in the 24 companies both own, and 71.7% of VAW itself is also held there. Owning VAW alongside the ETFs at the top of this table means about half of the weight is held twice.

ETFOverlap by weightOf VAW held thereOf that ETF in VAWCompanies in bothOverlap bar
XLB 67.5% 71.7% 100.0% 24
IYM 60.6% 63.6% 84.2% 30
RSPM 53.8% 71.7% 100.0% 24
MXI 37.2% 71.7% 37.3% 24
XME 25.1% 29.2% 84.3% 27
PAVE 19.4% 23.5% 20.7% 20
PICK 17.2% 18.5% 18.2% 24
IGE 14.2% 40.6% 14.2% 33
PKB 11.9% 11.9% 29.6% 7
ICOP 11.2% 13.8% 13.5% 2
NOBL 11.1% 35.4% 11.8% 8
GDX 11.0% 11.0% 16.1% 4

VAW's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. NOBL's holdings are from its SEC Form N-PORT for the period ended 2026-08-31, filed 2026-10-28. GDX's holdings are from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-26. The other ETFs' holdings are from their issuers' latest files. Check VAW against any ETF in the ETF overlap calculator · how overlap is measured.

What adds something different to VAW?

SMIN shares 0% of weight with VAW and its weekly returns correlate with it at 0.29 over three years. The table lists the covered ETFs with the least in common with VAW, least shared weight first and, among equals, lowest correlation.

ETFNameOverlap by weightCorrelation, 3yCompanies in both
SMIN iShares MSCI India Small-Cap ETF 0.0% 0.29 0
MCHI iShares MSCI China ETF 0.0% 0.33 0
SOXX iShares Semiconductor ETF 0.0% 0.46 0
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF 0.0% 0.53 0
PFF iShares Preferred and Income Securities ETF 0.0% 0.55 0
KXI iShares Global Consumer Staples ETF 0.0% 0.55 0
USRT iShares Core U.S. REIT ETF 0.0% 0.61 0
IYR iShares U.S. Real Estate ETF 0.0% 0.61 0

VAW's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. The other ETFs' holdings are from their issuers' latest files.

Cost, returns and risk

Expense ratio0.09%
Dividend yield1.46%
Total return, 1 year18.3%
Total return, 3 years cumulative38.3%
Total return, 5 years cumulative28.8%
Volatility, annualised17.4%
Worst fall, 3 years-19.8%
Beta against SPY, 3 years of weekly returns0.78
Weight in the ten largest positions55.4%
Largest single position14.9%
Assets, whole fund across share classes$4.5B

Expense ratio, yield and assets are reference data (the expense ratio from VAW's SEC filing of 2026-06-30); the weight in the ten largest positions and the largest single position are from VAW's SEC Form N-PORT for the period ended 2026-05-31; every other figure is computed here from weekly closes.

How it moves with the market

AgainstCorrelation, 3 yearsCovariance, annualised, in percent squared
SPY0.62loosely linked150
QQQ0.46loosely linked157

Weekly total returns. What the bands mean · why the covariance is printed.

Year by year

YearTotal return
202610.8%
202512.3%
20240.5%
202313.7%
2022-11.8%

One year

VAW 119 SPY 116
2025-11-072026-10-30
VAW rebased to 100 a year ago, weekly closes, prices through 2026-10-28.

Where to go next

Holdings from VAW's SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.

Cite this page

TickerInside, Vanguard Materials ETF (VAW), holdings from SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29, https://tickerinside.com/etf/vaw/, CC BY 4.0

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