Vanguard ESG U.S. Stock ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 26.4x P/Sales
ratio		 2.7x
P/BV
ratio		 3.8x Div.
yield		 1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website investor.vanguard.com
Inception date Sep 18, 2018
Assets (mns) $2,122
Currency USD
Expense ratio 12 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1466
Wgt avg mkt cap (mns) $489,348
Large cap (>$10bn) 89.3%
Mid cap ($2-10bn) 9.1%
Small cap (<$2bn) 1.6%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 7.4 %
MICROSOFT CORP 6.3 %
AMAZON.COM INC 5.5 %
FACEBOOK 2.7 %
ALPHABET INC. CLASS C 2.1 %
ALPHABET INC. CLASS A 1.7 %
PROCTER & GAMBLE CO/THE 1.4 %
VISA INC-CLASS A SHARES 1.3 %
NVIDIA CORP 1.3 %
TESLA MOTORS INC 1.2 %
Total 30.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 108.1 %
IRELAND 1.8 %
BRITAIN 1.4 %
BERMUDA 0.4 %
SWITZERLAND 0.3 %
NETHERLANDS 0.2 %
ARGENTINA 0.2 %
LUXEMBOURG 0.2 %
ISRAEL 0.1 %
CHINA 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
10.3% 20.7% -- -- 17.7%

Market Correlations
versus... Beta R-squared
S&P500 1.02 100%
MSCI EAFE 1.09 89%
MSCI Emg. Mkts. 0.79 72%

Technical Indicators
Recent close $62.86
30d moving avg. $62.63
Annualized volatility 21.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 177
Turnover 0.5%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $273,164

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard ESG U.S. Stock ETF ETF based on the alternatives' overlap in portfolio holdings with ESGV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ESGV Expense: 12 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESGV
Ticker Fund
Name		 Overlap1
vs ESGV
(%)		 Expense
ratio
(bp)		 Savings
vs ESGV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ESGV
(%)
HSPX Global X S&P 500 Covered Call ETF 87.8 60 -48 4.8 -0.2
PBP Invesco S&P 500 BuyWrite ETF 86.2 49 -37 4.9 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 85.7 20 -8 5.2 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 85.7 60 -48 4.9 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 85.7 27 -15 5.1 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 85.6 7 5 5.1 +0.1
PBUS Invesco PureBeta MSCI USA ETF 85.1 4 8 5.1 +0.1
IWB iShares Russell 1000 ETF 85.0 15 -3 5.0 0.0
SCHK Schwab 1000 Index ETF 84.9 5 7 5.1 +0.1
VTHR Vanguard Russell 3000 Index Fund 84.8 10 2 4.9 -0.1
SPY SPDR S&P 500 ETF Trust 84.8 9 3 5.2 +0.3
SCHX Schwab U.S. Large-Cap ETF 84.8 3 9 5.0 +0.1
IVV iShares Core S&P 500 ETF 84.7 3 9 5.3 +0.3
SPLG SPDR Portfolio Large Cap ETF 84.7 3 9 5.3 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 84.5 2 10 5.1 +0.1
IYY iShares Dow Jones U.S. ETF 84.5 20 -8 4.9 -0.0
SPTM SPDR Portfolio Total Stock Market ETF 84.3 3 9 5.4 +0.4
IWV iShares Russell 3000 ETF 83.7 20 -8 4.8 -0.1
SCHB Schwab U.S. Broad Market ETF 83.6 3 9 5.0 +0.0
VOO VANGUARD S&P 500 ETF 83.5 3 9 5.3 +0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 83.2 3 9 4.9 -0.0
VONE Vanguard Russell 1000 ETF 83.1 8 4 5.0 +0.1
VV Vanguard Large-Cap Index Fund 82.7 4 8 5.1 +0.1
MGC Vanguard Mega Cap Index Fund 82.5 7 5 5.0 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 81.7 27 -15 4.8 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 81.6 20 -8 4.8 -0.2
IWL iShares Russell Top 200 ETF 81.4 15 -3 4.8 -0.1
VTI Vanguard Total Stock Market Index Fund 80.2 3 9 4.9 -0.0
BKLC BNY Mellon US Large Cap Core Equity ETF 79.8 0 12 5.0 +0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 78.9 27 -15 4.9 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 78.3 15 -3 4.9 -0.0
IQSU IQ Candriam ESG US Equity ETF 77.4 9 3 4.9 -0.0
CATH Global X S&P 500 Catholic Values Custom ETF 76.9 29 -17 5.0 +0.1
EFIV SPDR S&P 500 ESG ETF 76.4 10 2 5.0 0.0
SNPE Xtrackers S&P 500 ESG ETF 76.3 10 2 4.9 -0.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 75.7 12 0 4.6 -0.4
IUSG iShares Core S&P US Growth ETF 73.0 4 8 4.3 -0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 72.8 60 -48 4.0 -1.0
SFY SoFi Select 500 ETF 72.0 0 12 5.0 +0.1
JHML John Hancock Multifactor Large Cap ETF 71.7 29 -17 5.4 +0.4
VOOG Vanguard S&P 500 Growth ETF 71.1 10 2 4.2 -0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 70.5 4 8 4.2 -0.7
IVW iShares S&P 500 Growth ETF 70.5 18 -6 16.9 +12.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 70.2 9 3 5.4 +0.5
IWF iShares Russell 1000 Growth ETF 69.4 19 -7 3.6 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 69.1 8 4 3.7 -1.2
AVUS Avantis U.S. Equity ETF 68.1 15 -3 5.5 +0.6
EPS WisdomTree U.S. Earnings 500 Fund 67.4 8 4 6.4 +1.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 66.9 25 -13 6.2 +1.3
ESG FlexShares STOXX US ESG Impact Index Fund 65.3 32 -20 5.0 +0.1
VUG Vanguard Growth Index Fund 64.0 4 8 3.8 -1.1
OEF iShares S&P 100 ETF 63.5 20 -8 4.7 -0.3
SPXT ProShares S&P 500 Ex-Technology ETF 63.2 27 -15 5.5 +0.5
TOK iShares MSCI Kokusai ETF 62.1 25 -13 5.5 +0.6
KOKU Xtrackers MSCI Kokusai Equity ETF 61.9 9 3 5.6 +0.7
QUS SPDR MSCI USA StrategicFactors ETF 61.0 15 -3 5.8 +0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 60.8 25 -13 6.7 +1.8
PRF Invesco FTSE RAFI US 1000 ETF 59.7 39 -27 6.8 +1.8
IWY iShares Russell Top 200 Growth ETF 59.5 20 -8 3.8 -1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 59.2 30 -18 6.6 +1.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 59.2 25 -13 6.7 +1.7
DSI iShares MSCI KLD 400 Social ETF 58.6 25 -13 5.0 +0.1
EXT WisdomTree U.S. Total Earnings Fund 58.0 28 -16 5.4 +0.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 57.3 21 -9 3.0 -1.9
URTH iShares MSCI World ETF 57.1 24 -12 5.6 +0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 57.1 29 -17 5.9 +1.0
VEGN US Vegan Climate ETF 56.7 60 -48 5.0 +0.0
SCHG Schwab U.S. Large-Cap Growth ETF 56.3 4 8 3.4 -1.6
MGK Vanguard Mega Cap Growth ETF 55.8 7 5 4.0 -1.0
DTD WisdomTree U.S.Total Dividend Fund 55.4 28 -16 6.7 +1.8
XLG Invesco S&P 500 Top 50 ETF 55.2 20 -8 4.4 -0.6
IUS Invesco Strategic US ETF 55.2 19 -7 6.5 +1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 55.2 15 -3 6.2 +1.2
NACP Impact Shares NAACP Minority Empowerment ETF 54.6 75 -63 4.8 -0.2
DIVB iShares U.S. Dividend & Buyback ETF 54.5 25 -13 6.9 +1.9
RECS Columbia Research Enhanced Core ETF 54.5 15 -3 5.6 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 53.3 75 -63 4.2 -0.7
VLU SPDR S&P 1500 Value Tilt ETF 53.1 12 0 7.3 +2.4
SUSL iShares ESG MSCI USA Leaders ETF 52.8 10 2 5.2 +0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 52.8 28 -16 6.5 +1.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 52.7 49 -37 3.9 -1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 52.7 10 2 5.3 +0.3
USXF iShares ESG Advanced MSCI USA ETF 52.5 10 2 4.9 -0.1
ESGG FlexShares STOXX Global ESG Impact Index Fund 52.4 42 -30 5.2 +0.3
IETC iShares Evolved U.S. Technology ETF 52.1 18 -6 3.7 -1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 51.1 75 -63 3.8 -1.2
TMFC Motley Fool 100 Index ETF 51.0 50 -38 3.3 -1.6
AFLG First Trust Active Factor Large Cap ETF 51.0 55 -43 5.3 +0.4
KRMA Global X Conscious Companies ETF 49.9 43 -31 5.1 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 49.8 20 -8 6.0 +1.0
VONV Vanguard Russell 1000 Value Index Fund 49.7 8 4 7.0 +2.1
ACWI iShares MSCI ACWI ETF 49.7 32 -20 5.7 +0.8
LOWC SPDR MSCI ACWI Low Carbon Target ETF 49.6 20 -8 6.0 +1.0
IWD iShares Russell 1000 Value ETF 49.5 19 -7 6.9 +2.0
IGM iShares Expanded Tech Sector ETF 48.6 46 -34 3.7 -1.3
VT Vanguard Total World Stock Index Fund 48.1 8 4 6.0 +1.1
IUSV iShares Core S&P U.S. Value ETF 47.8 4 8 7.5 +2.5
RWL Invesco S&P 500 Revenue ETF 47.8 39 -27 7.2 +2.3
SCHV Schwab U.S. Large-Cap Value ETF 47.7 4 8 6.8 +1.9
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 47.6 60 -48 3.4 -1.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Vanguard ESG U.S. Stock ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.5 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.43 CATEGORY
AVERAGE		 1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.