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Vanguard Financials (VFH)Overvalued or undervalued?
Look-through valuation · Sector · Expense ratio 0.10 % · ISIN US92204A4058
Price history (since 2004)
Monthly close since 2004. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| JPMorgan Chase & Co JPM | 10.1 % | −43.1 % | 65 |
| Berkshire Hathaway Inc BRK-B | 7.6 % | −21.9 % | 56 |
| Mastercard Inc MA | 5.1 % | −36.3 % | 83 |
| Bank of America Corp BAC | 4.3 % | −25.5 % | 59 |
| Visa Inc. Class A V | 4.2 % | −37.1 % | 82 |
| Goldman Sachs Group Inc GS | 3.0 % | −19.2 % | 53 |
| Wells Fargo & Company WFC | 2.8 % | −19.4 % | 55 |
| Morgan Stanley MS | 2.7 % | +57.6 % | 67 |
| Citigroup Inc. C | 2.4 % | −20.1 % | 51 |
| Charles Schwab Corp SCHW | 1.9 % | +17.8 % | 71 |
| American Express Company AXP | 1.9 % | −31.6 % | 70 |
| BlackRock Inc BLK | 1.8 % | −53.9 % | 52 |
| S&P Global Inc SPGI | 1.4 % | −47.0 % | 80 |
| Progressive Corp PGR | 1.4 % | −21.1 % | 65 |
| Capital One Financial Corporation COF | 1.3 % | −45.7 % | 38 |
| Chubb Ltd CB | 1.3 % | −30.0 % | 67 |
| The Bank of New York Mellon Corporation BK | 1.2 % | n/a | n/a |
| Blackstone Group Inc BX | 1.1 % | −55.7 % | 61 |
| CME Group Inc CME | 1.1 % | −26.5 % | 63 |
| U.S. Bancorp USB | 1.0 % | −9.3 % | 59 |
| PNC Financial Services Group Inc PNC | 1.0 % | −28.8 % | 61 |
| Marsh & McLennan Companies Inc MMC | 1.0 % | n/a | n/a |
| Intercontinental Exchange Inc ICE | 1.0 % | −12.1 % | 67 |
| Robinhood Markets Inc HOOD | 0.8 % | −61.1 % | 65 |
| The Travelers Companies Inc TRV | 0.8 % | −23.9 % | 59 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 48 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % below FV
Frequently asked about VFH
Is VFH overvalued?
What is the fair value of VFH?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of VFH?
What is the expense ratio of VFH?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Vanguard Financials Index Fund ETF Shares an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.