ETFs

ETF fees and minimums

If you're more interested in getting money out of your investments than paying too much money for them, you're in good company.

Already have a Vanguard Brokerage Account?

Already have a Vanguard Brokerage Account?

Fees you won't pay at Vanguard

Broker-assisted trading fees
You won't pay any extra fees to have one of our investment professionals place a Vanguard ETF® trade for you.

Account service fees
It's easy to avoid most account service fees. Simply sign up for electronic delivery of your account documents—such as statements, confirmations, and fund prospectuses and reports.

Already have a Vanguard account? These fees are automatically waived for Voyager, Voyager Select, Flagship, and Flagship Select clients.

Minimums & account balances

No minimum initial investment requirement
You don't need thousands of dollars to start investing in an ETF. You only need enough money to cover the price of 1 share, which can generally range from $50 to a few hundred dollars.

P.S. You can only buy ETFs in full shares (not fractions).

No minimum account balance
You only need enough money in your settlement fund to cover the cost of the ETFs you want to buy.

Other costs associated with ETFs

Bid-ask spreads
The bid-ask spread is the difference between the bid price (the highest price a buyer is willing to pay for a specific ETF) and the ask price (the lowest price a seller is willing accept) at a specific time.

Spreads vary based on the ETF's supply and demand. For Vanguard ETFs®, spreads generally range from $0.01 to $0.25, although spreads may be wider in volatile markets.

Expense ratios
Every ETF has an expense ratio, but Vanguard's average is 75% less than the industry average.*

Amount you can save at Vanguard:

Compare Vanguard with the industry average and see how expense ratios affect your bottom line

This hypothetical illustration assumes a 6% return for all examples. Rate is not guaranteed. If the rate of return were altered, results would vary from those shown. The final balance shown is after costs. This example doesn't represent any particular investment and doesn't account for inflation. There may be other material differences between investment products that must be considered prior to investing.

All averages are asset-weighted. Industry averages exclude Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2021.

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Initial investment amounts

Commission-free ETFs

Pay $0 commission to trade ETFs & stocks online

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Have ETFs somewhere else?

Learn how to transfer an account to Vanguard

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*Vanguard average ETF expense ratio: 0.06%. Industry average ETF expense ratio: 0.24%. All averages are asset-weighted. Industry averages exclude Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2021.

You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free) or through another broker (which may charge commissions). See the Vanguard Brokerage Services commission and fee schedules for limits. Vanguard ETF Shares are not redeemable directly with the issuing fund other than in very large aggregations worth millions of dollars. ETFs are subject to market volatility. When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.

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