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Vanguard Energy (VDE)Overvalued or undervalued?
Look-through valuation · Sector · Expense ratio 0.10 % · ISIN US92204A3068
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 |
|---|---|---|---|
| Exxon Mobil Corp XOM | 21.8 % | −48.1 % | 58 |
| Chevron Corp CVX | 14.0 % | −57.7 % | 50 |
| ConocoPhillips COP | 6.0 % | −35.1 % | 66 |
| Marathon Petroleum Corp MPC | 4.1 % | −77.0 % | 61 |
| Valero Energy Corporation VLO | 4.0 % | −71.2 % | 68 |
| Phillips 66 PSX | 3.7 % | −70.4 % | 62 |
| Schlumberger NV SLB | 3.4 % | −40.8 % | 53 |
| Williams Companies Inc WMB | 3.4 % | −84.3 % | 50 |
| EOG Resources Inc EOG | 2.9 % | +7.7 % | 64 |
| Baker Hughes Co BKR | 2.3 % | −42.6 % | 59 |
| Targa Resources Inc TRGP | 2.3 % | −77.7 % | 58 |
| Kinder Morgan Inc KMI | 2.3 % | −15.8 % | 58 |
| Cheniere Energy Inc LNG | 2.2 % | +8.3 % | 63 |
| Devon Energy Corporation DVN | 2.0 % | −10.1 % | 42 |
| Occidental Petroleum Corporation OXY | 1.5 % | −46.2 % | 50 |
| Diamondback Energy Inc FANG | 1.4 % | +23.0 % | 42 |
| EQT Corporation EQT | 1.2 % | +7.0 % | 52 |
| TechnipFMC PLC FTI | 1.2 % | −60.6 % | 76 |
| Halliburton Company HAL | 1.2 % | −34.2 % | 56 |
| Chesapeake Energy Corporation CHK | 0.9 % | n/a | n/a |
| Ovintiv Inc OVV | 0.7 % | −15.9 % | 40 |
| Texas Pacific Land Corporation TPL | 0.7 % | −14.1 % | 65 |
| Permian Resources Corporation YZ8 | 0.6 % | n/a | n/a |
| HF Sinclair Corp DINO | 0.6 % | −58.7 % | 63 |
| APA Corporation APA | 0.6 % | +19.4 % | 50 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 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 +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about VDE
Is VDE overvalued?
What is the fair value of VDE?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of VDE?
What is the expense ratio of VDE?
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 Energy 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: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.