5 Best Vanguard ETFs to Diversify Your Portfolio

3. Vanguard Small-Cap Index Fund ETF Shares (NYSE:VB) 

Vanguard Small-Cap Index Fund ETF Shares (NYSE:VB) is an exchange traded fund that tracks the investment returns of the CRSP US Small Cap Index, which comprises a diverse group of companies that have small market capitalizations and are trading in the United States. 

Vanguard Small-Cap Index Fund ETF Shares (NYSE:VB) has a large stake in Diamondback Energy, Inc. (NASDAQ:FANG), an independent oil and natural gas firm. Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Harris Associates is a leading shareholder in Diamondback Energy, Inc. (NASDAQ:FANG) with 2.4 million shares worth more than $331 million.  

In its Q4 2021 investor letter, Miller Value Partners highlighted a few stocks and Diamondback Energy, Inc. (NASDAQ:FANG) was one of them. Here is what the fund said:

“Diamondback Energy, Inc. (NASDAQ:FANG) returned 14.4% in the quarter as oil price rose and fell during the quarter ending the period largely in the same place that it started. The company reported strong 3Q results beating on the top and bottom line. Diamondback Energy, Inc. (NASDAQ:FANG) reported revenue of $1.9B beating consensus of $1.5B with EPS of $2.94 beating expectations for $2.79. The beat was driven by a combination of higher volumes, higher realizations, and efficiency gains. The company increased its total production guidance for the year to 370-372mboe/d1 (up from 363-370mboe/d) while lowering Capital Expenditure (CAPEX) guidance for the second time this year to $1.49-1.53B. Diamondback Energy, Inc. (NASDAQ:FANG) raised the dividend for the third time this year to $2/share annually while authorizing a new $2B share repurchase program. Starting in 4Q21, the company plans to return 50% of Free Cash Flow to shareholders through the base dividend and a combination of buybacks and special dividends. Finally, the CEO Travis Stice announced plans to reduce methane emissions by 70% as part of the firm’s ESG initiative.”