If you're interested in broad exposure to the Mid Cap Value segment of the US equity market, look no further than the Vanguard Mid-Cap Value ETF (VOE Quick QuoteVOE - Free Report) , a passively managed exchange traded fund launched on August 17, 2006.

The fund is sponsored by Vanguard. It has amassed assets over $19.14 billion, making it the largest ETF attempting to match the Mid Cap Value segment of the US equity market.

Why Mid Cap Value

With market capitalization between $2 billion and $10 billion, mid cap companies usually contain higher growth prospects than large cap companies, and are considered less risky than their small cap counterparts. These types of companies, then, have a good balance of stability and growth potential.

Value stocks are known for their lower than average price-to-earnings and price-to-book ratios, but investors should also note their lower than average sales and earnings growth rates. Considering long-term performance, value stocks have outperformed growth stocks in almost all markets; however, they are more likely to underperform growth stocks in strong bull markets.

Costs

Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.

Annual operating expenses for this ETF are 0.07%, making it one of the least expensive products in the space.

It has a 12-month trailing dividend yield of 1.67%.

Sector Exposure and Top Holdings

Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Financials sector -- about 17.2% of the portfolio. Industrials and Utilities round out the top three.

Looking at individual holdings, Newmont Corp (NEM) accounts for about 1.63% of total assets, followed by Arthur J Gallagher & Co (AJG) and Crh Plc (CRH).

The top 10 holdings account for about 5.87% of total assets under management.

Performance and Risk

VOE seeks to match the performance of the CRSP U.S. Mid Cap Value Index before fees and expenses. The CRSP U.S. Mid Cap Value Index measures the investment return of mid-capitalization value stocks.

The ETF has added about 9.05% so far this year and is up roughly 6.98% in the last one year (as of 09/29/2025). In the past 52-week period, it has traded between $141.87 and $176.18.

The ETF has a beta of 0.93 and standard deviation of 15.44% for the trailing three-year period, making it a medium risk choice in the space. With about 191 holdings, it effectively diversifies company-specific risk.

Alternatives

Vanguard Mid-Cap Value ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VOE is an outstanding option for investors seeking exposure to the Style Box - Mid Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) and the iShares Russell Mid-Cap Value ETF (IWS) track a similar index. While First Trust SMID Cap Rising Dividend Achievers ETF has $8.93 billion in assets, iShares Russell Mid-Cap Value ETF has $14.03 billion. SDVY has an expense ratio of 0.59% and IWS charges 0.23%.

Bottom-Line

Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.