VOX — Vanguard Communication Services Index Fund ETF Shares

VOX Price Performance — Growth of $10,000

Value of a $10,000 investment in VOX over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VOX Drawdown

The "underwater" chart: VOX's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Communication Services Index Fund ETF Shares (VOX) operates within the Communication Services category, which ETFValuer tracks with a total of four funds. Issued by Vanguard, this fund holds an overall rank of #311 out of 458 tracked ETFs across all categories and carries an ETFValuer grade of C with a score of 56.2 out of 100. The fund charges an expense ratio of 0.09% and offers a dividend yield of 0.49%. With assets under management totaling $5.93 billion and a share price of $185.13, the fund demonstrates significant capital adoption relative to its category peers. This substantial asset base suggests strong investor interest despite the fund's mid-tier ranking among the broader universe of tracked ETFs. The combination of a low expense ratio and moderate dividend yield positions the fund as a cost-effective vehicle for exposure to its specific sector. Its current market capitalization reflects a mature product within the Communication Services space.

Recent price action shows a sharp one-day gain of +1.62% following a one-week decline of -1.34%. Over the past month, the fund recovered with a +2.39% return, though this was preceded by a -5.21% drop over the three-month period. The six-month return stands at -5.02%, while the year-to-date performance is recorded at -3.64%. In contrast to the shorter-term negative trends, the one-year return has reached +8.23%. The three-year horizon displays a significantly higher cumulative return of +73.79%, indicating a divergence between recent short-term volatility and long-term growth. This pattern suggests that while the fund has faced headwinds in the last six months, it has maintained positive momentum over the annual and multi-year periods.

VOX carries a Moderate volatility label and a beta of 1.00, indicating that its price movements generally align with the broader market's magnitude. The fund's Sharpe ratio of 0.19 suggests that the risk-adjusted returns generated have been relatively low compared to the volatility incurred. A maximum drawdown of -21.15% highlights the potential for significant temporary losses during market downturns. This combination of a beta of 1.00 and a substantial drawdown implies the fund experiences full market swings without significant dampening. The moderate volatility rating aligns with the beta figure, confirming that the fund does not exhibit extreme price swings relative to its benchmark. Investors should note that the low Sharpe ratio reflects a scenario where the returns have not sufficiently compensated for the level of risk taken during the measured periods.

AI-generated summary based on the data on this page.

VOX Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 72.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VOX's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VOX

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VOX's top 10 — FCOM overlaps most, holding 9 of the same companies as VOX's top 10 (72.7% of VOX's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VOX Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 11.39% and average daily volume is 291K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $5.93B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VOX is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VOX Performance History

How VOX Compares to Other Communication Services ETFs