Vanguard Value Index Fund ETF Shares(VTV)
AI Look-Through Summary
AI GeneratedVanguard Value Index Fund ETF Shares maintains a substantial asset base of $229.0 billion, reflecting significant capital allocation to its underlying portfolio. The fund's sector distribution reveals a pronounced tilt toward Financial Services at 21.2%, followed by Healthcare and Industrials, which collectively account for nearly half of the total exposure. This concentration suggests that performance will be heavily influenced by macroeconomic factors affecting banking stability, pharmaceutical innovation, and manufacturing cycles rather than broad-based growth or technology trends alone. The Technology sector represents a notable portion at 12.3%, yet it is anchored primarily by established hardware and semiconductor firms like Micron and Intel rather than high-growth software names typical of broader indices.
Top holdings concentration further underscores the fund's reliance on large-cap value leaders, with JPMorgan Chase and Berkshire Hathaway each commanding over three percent of assets. The presence of major energy players such as ExxonMobil and Chevron alongside consumer staples like Walmart indicates a defensive posture designed to weather volatility through established cash flows rather than speculative upside. Healthcare exposure is split between diversified giants like Johnson & Johnson and AbbVie, reinforcing the fund's focus on mature companies with predictable earnings profiles. While the quantitative metrics highlight a heavy weighting in traditional value sectors, the specific composition of top holdings demonstrates that the portfolio remains exposed to systemic risks within financial services while seeking stability through industrial and consumer defensive names.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-20 09:39:13.071806+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 85/100The Vanguard Value Index Fund ETF Shares (VTV) presents a high degree of thematic alignment with its stated objective, as the portfolio composition reflects a deliberate tilt toward established companies characterized by stable earnings and lower price-to-book ratios. The top holdings, including major financial institutions like Berkshire Hathaway and JPMorgan Chase alongside defensive sectors such as healthcare and consumer staples, are consistent with traditional value investing principles that prioritize cash flow stability over high-growth volatility. While the presence of mega-cap names in the upper tier is notable for a fund often associated with smaller or mid-sized value stocks, these positions appear to be organic outcomes of the underlying index methodology rather than an artificial concentration designed solely to mimic broad market performance. The inclusion of technology and industrials further reinforces that this is not merely a cash-heavy bond proxy but a diversified equity strategy seeking undervalued assets across multiple economic cycles.
Sector coherence remains strong, with financial services comprising over twenty-one percent of the portfolio, which serves as a primary driver for value exposure given the sector's historical valuation metrics relative to growth peers. The distribution across healthcare, industrials, and energy demonstrates that the fund maintains broad market participation while adhering to its screening criteria, resulting in a weight profile distinct from pure-growth indices yet less idiosyncratic than small-cap focused alternatives. With a top-ten concentration of approximately twenty-one percent, the portfolio avoids excessive reliance on any single issuer, suggesting resilience against company-specific shocks while still capturing sector-wide value premiums. The data indicates that VTV functions as a disciplined implementation of index-based value selection rather than an active attempt to deviate from its benchmark or obscure its underlying strategy through thematic misalignment.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-13 17:35:44.756077+00
🏢 Sector Analysis
AI GeneratedThe Vanguard Value Index Fund ETF Shares (VTV) demonstrates a pronounced tilt toward traditional value sectors, with Financial Services and Healthcare collectively accounting for over one-third of the portfolio. This heavy weighting in established industries like banking and healthcare reflects an investment thesis centered on companies that typically generate stable cash flows and trade at lower valuation multiples relative to their earnings or book value compared to growth-oriented peers. The inclusion of significant positions in Industrials, Energy, and Utilities further reinforces this strategy by exposing the fund to sectors often characterized by mature business models and defensive characteristics during periods of economic uncertainty.
Despite these traditional allocations, the presence of notable Technology holdings, including a top-five position in memory chip manufacturer Micron Technology alongside major financials like JPMorgan Chase and Berkshire Hathaway, indicates that the fund's definition of "value" extends beyond low-price-to-book stocks to include high-quality companies trading at reasonable valuations. This diversification across ten sectors helps mitigate concentration risk inherent in single-industry bets, as evidenced by a top-10 holding concentration of only 21.1%. However, the sheer number of holdings within broad categories like Financial Services suggests that while individual stock selection is diversified, the fund remains sensitive to macroeconomic factors impacting those specific industries, such as interest rate fluctuations affecting banks or regulatory changes in healthcare and energy.
The allocation reveals a factor tilt toward value characteristics rather than pure growth momentum, yet it avoids extreme concentration by maintaining exposure across consumer defensives, utilities, and materials. This structure aims to provide broad market participation while emphasizing undervalued segments of the economy. The data suggests that investors holding this ETF are positioning themselves for potential outperformance when markets favor lower valuations and dividend-paying stocks, though they must accept the associated volatility if growth sectors rally disproportionately during certain economic cycles.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-22 14:12:17.250371+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share VTV's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of VTV's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| VTIVanguard Total Stock Market Index Fund ETF Shares | $2.1T | 0.03% | 299 | 99.1% |
| QUSQUS | $1B | — | 302 | 98.3% |
| VONEVONE | $10B | — | 297 | 98.3% |
| VOOVanguard S&P 500 ETF | $1.5T | 0.03% | 297 | 97.9% |
| SPYState Street SPDR S&P 500 ETF Trust | $640B | 0.09% | 295 | 97.4% |
99% of VTV's portfolio by weight is also held by VTI, which commands 9× more assets under management. When VTI receives inflows, it mechanically buys these shared stocks — dragging VTV's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofVTV's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 97% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 87% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation. Data that Vanguard and BlackRock don't surface.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside VTV collectively pay out 74% of their Free Cash Flow to maintain the current yield. This is a sustainable payout level with moderate room for dividend growth. Based on 70% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryVTV is up 25.5% over the last 12 months. The underlying weighted earnings growth of its constituents is +14.1%. The remaining +11.4% of performance is driven by multiple expansion (P/E inflation) — prices rose faster than earnings grew.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 84% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of VTV's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of VTV's analyzed weight, 58% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 42% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 75% of fund weight with available data. Not investment advice.
Passive Crowding Score
MODERATEHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
VTV has a Passive Crowding Score of 40/100. On average, 11.9% of the market capitalization of VTV's underlying holdings is structurally locked in passive ETF vehicles. This indicates moderate passive ownership density. Index rebalances and ETF creation/redemption activity can amplify short-term volatility in the underlying holdings.
Passive $ = Σ(ETF AUM × holding weight) across all 37 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | JPM | JPMorgan Chase & Co. Financial Services | 3.11% | 14.3x | 3/9 |
| 2 | BRK.B | Berkshire Hathaway Inc. Class B Financial Services | 2.87% | 14.1x | — |
| 3 | XOM | Exxon Mobil Corp. Energy | 2.51% | 24.5x | 5/9 |
| 4 | MU | Micron Technology Inc. Technology | 2.27% | 45.9x | 7/9 |
| 5 | WMT | Walmart Inc. Consumer Defensive | 2.25% | 40.8x | 7/9 |
| 6 | JNJ | Johnson & Johnson Healthcare | 2.16% | 26.1x | 4/9 |
| 7 | CAT | Caterpillar Inc. Industrials | 1.61% | 43.7x | 6/9 |
| 8 | INTC | Intel Corp. Technology | 1.47% | — | 6/9 |
| 9 | ABBV | AbbVie Inc. Healthcare | 1.46% | 106.2x | 7/9 |
| 10 | CVX | Chevron Corp. Energy | 1.43% | 31.7x | 6/9 |
| 11 | PG | Procter & Gamble Co. Consumer Defensive | 1.33% | 21.0x | 6/9 |
| 12 | BAC | Bank of America Corp. Financial Services | 1.33% | 12.8x | 5/9 |
| 13 | UNH | UnitedHealth Group Inc. Healthcare | 1.31% | 28.7x | 6/9 |
| 14 | HD | Home Depot Inc. Consumer Cyclical | 1.28% | 22.5x | 4/9 |
| 15 | CSCO | Cisco Systems Inc. Technology | 1.27% | 40.1x | 8/9 |
Historical Holdings Snapshots
Browse how VTV’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | JPM | 3.11% | 23,584,398 | $7.4B |
| 2 | BRK.B | 2.87% | 14,427,462 | $6.8B |
| 3 | XOM | 2.51% | 38,621,892 | $6.0B |
| 4 | MU | 2.27% | 10,432,284 | $5.4B |
| 5 | WMT | 2.25% | 40,631,633 | $5.4B |
| 6 | JNJ | 2.16% | 22,337,515 | $5.1B |
| 7 | CAT | 1.61% | 4,312,770 | $3.8B |
| 8 | INTC | 1.47% | 37,038,990 | $3.5B |
| 9 | ABBV | 1.46% | 16,389,205 | $3.5B |
| 10 | CVX | 1.43% | 17,570,576 | $3.4B |
| 11 | PG | 1.33% | 21,541,066 | $3.2B |
| 12 | BAC | 1.33% | 58,959,397 | $3.2B |
| 13 | UNH | 1.31% | 8,396,272 | $3.1B |
| 14 | HD | 1.28% | 9,227,473 | $3.0B |
| 15 | CSCO | 1.27% | 32,950,553 | $3.0B |
2026-05-23
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | JPM | 3.11% | 23,584,398 | $7.4B |
| 2 | BRK.B | 2.87% | 14,427,462 | $6.8B |
| 3 | XOM | 2.51% | 38,621,892 | $6.0B |
| 4 | MU | 2.27% | 10,432,284 | $5.4B |
| 5 | WMT | 2.25% | 40,631,633 | $5.4B |
| 6 | JNJ | 2.16% | 22,337,515 | $5.1B |
| 7 | CAT | 1.61% | 4,312,770 | $3.8B |
| 8 | INTC | 1.47% | 37,038,990 | $3.5B |
| 9 | ABBV | 1.46% | 16,389,205 | $3.5B |
| 10 | CVX | 1.43% | 17,570,576 | $3.4B |
| 11 | PG | 1.33% | 21,541,066 | $3.2B |
| 12 | BAC | 1.33% | 58,959,397 | $3.2B |
| 13 | UNH | 1.31% | 8,396,272 | $3.1B |
| 14 | HD | 1.28% | 9,227,473 | $3.0B |
| 15 | CSCO | 1.27% | 32,950,553 | $3.0B |
2026-05-22
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | JPM | 3.11% | 23,584,398 | $7.4B |
| 2 | BRK.B | 2.87% | 14,427,462 | $6.8B |
| 3 | XOM | 2.51% | 38,621,892 | $6.0B |
| 4 | MU | 2.27% | 10,432,284 | $5.4B |
| 5 | WMT | 2.25% | 40,631,633 | $5.4B |
| 6 | JNJ | 2.16% | 22,337,515 | $5.1B |
| 7 | CAT | 1.61% | 4,312,770 | $3.8B |
| 8 | INTC | 1.47% | 37,038,990 | $3.5B |
| 9 | ABBV | 1.46% | 16,389,205 | $3.5B |
| 10 | CVX | 1.43% | 17,570,576 | $3.4B |
| 11 | PG | 1.33% | 21,541,066 | $3.2B |
| 12 | BAC | 1.33% | 58,959,397 | $3.2B |
| 13 | UNH | 1.31% | 8,396,272 | $3.1B |
| 14 | HD | 1.28% | 9,227,473 | $3.0B |
| 15 | CSCO | 1.27% | 32,950,553 | $3.0B |
2026-05-21
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | JPM | 3.11% | 23,584,398 | $7.4B |
| 2 | BRK.B | 2.87% | 14,427,462 | $6.8B |
| 3 | XOM | 2.51% | 38,621,892 | $6.0B |
| 4 | MU | 2.27% | 10,432,284 | $5.4B |
| 5 | WMT | 2.25% | 40,631,633 | $5.4B |
| 6 | JNJ | 2.16% | 22,337,515 | $5.1B |
| 7 | CAT | 1.61% | 4,312,770 | $3.8B |
| 8 | INTC | 1.47% | 37,038,990 | $3.5B |
| 9 | ABBV | 1.46% | 16,389,205 | $3.5B |
| 10 | CVX | 1.43% | 17,570,576 | $3.4B |
| 11 | BAC | 1.33% | 58,959,397 | $3.2B |
| 12 | PG | 1.33% | 21,541,066 | $3.2B |
| 13 | UNH | 1.31% | 8,396,272 | $3.1B |
| 14 | HD | 1.28% | 9,227,473 | $3.0B |
| 15 | CSCO | 1.27% | 32,950,553 | $3.0B |
2026-05-20
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | JPM | 3.11% | 23,584,398 | $7.4B |
| 2 | BRK.B | 2.87% | 14,427,462 | $6.8B |
| 3 | XOM | 2.51% | 38,621,892 | $6.0B |
| 4 | MU | 2.27% | 10,432,284 | $5.4B |
| 5 | WMT | 2.25% | 40,631,633 | $5.4B |
| 6 | JNJ | 2.16% | 22,337,515 | $5.1B |
| 7 | CAT | 1.61% | 4,312,770 | $3.8B |
| 8 | INTC | 1.47% | 37,038,990 | $3.5B |
| 9 | ABBV | 1.46% | 16,389,205 | $3.5B |
| 10 | CVX | 1.43% | 17,570,576 | $3.4B |
| 11 | PG | 1.33% | 21,541,066 | $3.2B |
| 12 | BAC | 1.33% | 58,959,397 | $3.2B |
| 13 | UNH | 1.31% | 8,396,272 | $3.1B |
| 14 | HD | 1.28% | 9,227,473 | $3.0B |
| 15 | CSCO | 1.27% | 32,950,553 | $3.0B |
2026-05-19
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | JPM | 3.11% | 23,584,398 | $7.4B |
| 2 | BRK.B | 2.87% | 14,427,462 | $6.8B |
| 3 | XOM | 2.51% | 38,621,892 | $6.0B |
| 4 | MU | 2.27% | 10,432,284 | $5.4B |
| 5 | WMT | 2.25% | 40,631,633 | $5.4B |
| 6 | JNJ | 2.16% | 22,337,515 | $5.1B |
| 7 | CAT | 1.61% | 4,312,770 | $3.8B |
| 8 | INTC | 1.47% | 37,038,990 | $3.5B |
| 9 | ABBV | 1.46% | 16,389,205 | $3.5B |
| 10 | CVX | 1.43% | 17,570,576 | $3.4B |
| 11 | PG | 1.33% | 21,541,066 | $3.2B |
| 12 | BAC | 1.33% | 58,959,397 | $3.2B |
| 13 | UNH | 1.31% | 8,396,272 | $3.1B |
| 14 | HD | 1.28% | 9,227,473 | $3.0B |
| 15 | CSCO | 1.27% | 32,950,553 | $3.0B |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this ETF's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Price Chart with Moving Averages
What Drove VTV Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe 50-day moving average of VTV is above its 200-day moving average, indicating a short-term bullish trend relative to the longer-term outlook. The RSI at 33.7 suggests that near-term momentum may be weak and leaning towards oversold conditions, potentially signaling a period where prices could stabilize or rebound after a downturn.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How VTV’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.