# VAW holdings and overlap

Vanguard Materials ETF, Natural Resources, Vanguard.

Canonical page: https://tickerinside.com/etf/vaw/
Holdings from the issuer file published 2026-07-31. Prices through 2026-09-04.
Licence: CC BY 4.0, attribution to TickerInside. Measurements, not investment advice.

## Largest positions, issuer file of 2026-07-31

| Rank | Ticker | Company | Weight |
| --- | --- | --- | --- |
| 1 | LIN | Linde plc | 15.15% |
| 2 | NEM | Newmont Goldcorp Corp. | 6.92% |
| 3 | FCX | Freeport-McMoRan Inc. | 6.15% |
| 4 | SHW | Sherwin-Williams Co. | 5.48% |
| 5 | ECL | Ecolab Inc. | 4.82% |
| 6 | CRH | CRH plc | 4.35% |
| 7 | APD | Air Products & Chemicals Inc. | 4.08% |
| 8 | NUE | Nucor Corp. | 3.91% |
| 9 | CTVA | Corteva Inc. | 3.61% |
| 10 | VMC | Vulcan Materials Co. | 2.4% |
| 11 | STLD | Steel Dynamics Inc. | 2.36% |
| 12 | MLM | Martin Marietta Materials Inc. | 2.16% |
| 13 | PPG | PPG Industries Inc. | 1.69% |
| 14 | AMRZ | Amrize Ltd. | 1.66% |
| 15 | SW | Smurfit Westrock plc | 1.65% |
| 16 | PKG | Packaging Corp. of America | 1.5% |
| 17 | DOW | Dow Inc. | 1.49% |
| 18 | RS | Reliance Steel & Aluminum Co. | 1.42% |
| 19 | AMCR | Amcor plc | 1.42% |
| 20 | IP | International Paper Co. | 1.4% |
| 21 | IFF | International Flavors & Fragrances Inc. | 1.35% |
| 22 | CF | CF Industries Holdings Inc. | 1.31% |
| 23 | RGLD | Royal Gold Inc. | 1.15% |
| 24 | BALL | Ball Corp. | 1.12% |
| 25 | LYB | LyondellBasell Industries NV Class A | 1.09% |

All 110 positions with weights: https://tickerinside.com/api/v1/fund/vaw.json

## Key figures

| Measure | Value |
| --- | --- |
| Last close, 2026-09-04 | 235.46 USD (-0.28% on the day) |
| Expense ratio | 0.09% |
| Positions | 110 |
| Weight in the ten largest | 56.9% |
| Total return, 1 year | 14.8% |
| Total return, 3 years | 38.1% |
| Volatility, annualised | 17.7% |
| Worst fall, 3 years | -19.8% |
| Beta against SPY | 0.79 |
| Assets | $4.5B |

## What does VAW share with other funds?

| Fund | Overlap by weight | Of VAW held there | Of that fund in VAW | Companies in both |
| --- | --- | --- | --- | --- |
| XLB | 74.2% | 77.7% | 100.0% | 25 |
| IYM | 59.9% | 59.9% | 82.6% | 29 |
| RSPM | 59.2% | 77.7% | 100.0% | 25 |
| MXI | 36.6% | 77.7% | 36.9% | 25 |
| XME | 24.4% | 27.6% | 79.7% | 28 |
| PICK | 16.4% | 33.2% | 16.6% | 25 |
| IGE | 15.6% | 40.1% | 15.7% | 34 |
| PKB | 11.4% | 11.4% | 27.8% | 7 |
| ICOP | 10.1% | 13.1% | 11.8% | 2 |
| SMMD | 8.4% | 23.6% | 4.2% | 84 |
| RING | 8.0% | 8.0% | 20.2% | 3 |
| IBAT | 7.9% | 20.7% | 10.8% | 4 |


Method: https://tickerinside.com/how-the-numbers-are-produced/