“This is a big vote of confidence in Vanguard ETFs from an esteemed investment research firm,” said Rich Powers, head of ETF Product Management for Vanguard.
Rich Powers
Rich Powers

The ETF rating system follows a Gold, Silver, Bronze, Neutral, and Negative scale. The assessment is forward-looking, meaning it reflects whether Morningstar analysts think a fund is likely to beat its peers based on factors such as performance, stewardship, and cost.

The following Vanguard ETFs earned a spot on Morningstar’s list of top ETFs:
CategoryTickerMorningstar Analyst Rating
Large-cap Value  
Vanguard High Dividend YieldVYMSilver
Vanguard Mega Cap ValueMGVSilver
Vanguard ValueVTVSilver
Large-cap Blend  
Vanguard S&P 500VOOGold
Vanguard Large-CapVVGold
Vanguard Total Stock MarketVTIGold
Vanguard Dividend AppreciationVIGGold
Vanguard Mega CapMGCSilver
Foreign Large-cap Blend  
Vanguard FTSE All-World ex-USVEUSilver
Vanguard Total International StockVXUSSilver
Vanguard FTSE Developed MarketsVEASilver
Large Growth  
Vanguard GrowthVUGSilver
Vanguard Mega Cap GrowthMGKSilver
Mid-cap Blend  
Vanguard Extended MarketVXFGold
Vanguard Mid-CapVOGold
Diversified Emerging Markets  
Vanguard FTSE Emerging MarketsVWOBronze
Europe Stock  
Vanguard FTSE EuropeVGKGold
Mid-cap Value  
Vanguard Mid-cap ValueVOESilver
Intermediate Bond  
Vanguard Total Bond MarketBNDSilver
Vanguard Intermediate-Term BondBIVSilver
Small-cap Blend  
Vanguard Small-CapVBGold
Small-cap Value  
Vanguard Small-Cap ValueVBRSilver
Mid-cap Growth  
Vanguard Mid-Cap GrowthVOTSilver
Short-term bond  
Vanguard Short-Term Corporate BondVCSHGold
Vanguard Short-Term BondBSVSilver
Small-cap Growth  
Vanguard Small-Cap GrowthVBKSilver
World Stock  
Vanguard Total World StockVTSilver
Foreign Small/Mid Blend  
Vanguard FTSE All-World ex-US Small-CapVSSSilver
Real Estate  
Vanguard REITVNQGold
World Bond  
Vanguard Total International BondBNDXBronze

For the complete list of Morningstar’s ETF ratings, read the following article (log-in required) on morningstar.com.

*The Morningstar Analyst Rating™ for funds is the summary expression of their forward-looking analysis of a fund. Morningstar Analyst Ratings are assigned globally on a five-tier scale running from Gold to Negative. The top three ratings, Gold, Silver, and Bronze, all indicate that their analysts think highly of a fund; the difference between them corresponds to differences in the level of analyst conviction in a fund’s ability to outperform its benchmark and peers through time, within the context of the level of risk taken. The Analyst Rating does not express a view on a given asset class or peer group; rather, it seeks to evaluate each fund within the context of its objective, an appropriate benchmark, and peer group. For more information on Morningstar’s methodology, go to Morningstar Analyst Rating™ for Funds Methodology Document.


Morningstar is not affiliated with Vanguard or Vanguard funds. The article mentioned here is neither an offer to sell nor a solicitation of an offer to buy shares.

All investing is subject to risk, including the possible loss of the money you invest.

Prices of mid- and small-cap stocks often fluctuate more than those of large-company stocks.

Funds and ETFs that concentrate on a relatively narrow market sector face the risk of higher share-price volatility.

Investments in stocks issued by non-U.S. companies are subject to risks including country/regional risk and currency risk. These risks are especially high in emerging markets.

Investments in bonds are subject to interest rate, credit, and inflation risk.

Vanguard Total International Bond ETF is subject to currency hedging risk, which is the chance that currency hedging transactions may not perfectly offset the ETF’s foreign currency exposures and may eliminate any chance for an ETF to benefit from favorable fluctuations in relevant currency exchange rates. The ETF will incur expenses to hedge its currency exposures.

Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.