But the Vanguard Value ETF (NYSEMKT: VTV) is a good place for risk-averse investors to put their money right now. The Federal Reserve rapidly tightened its monetary policy over the past year, simultaneously shrinking its balance sheet and raising interest rates in an effort to squash inflation. Additionally, the Vanguard index fund's heavy exposure to defensive stocks has allowed it to outperform the S&P 500 during the current bear market.