Vanguard S&P Mid-Cap 400 Growth ETF
ALTAR
Score™
4.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
33.9x P/Sales
ratio
2.8x
P/BV
ratio
4.2x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard S&P Mid-Cap 400 Growth ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the S&P Mid-Cap 400 Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Sep 07, 2010
Assets (mns) $887
Currency USD
Expense ratio 15 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 226
Wgt avg mkt cap (mns) $7,342
Large cap (>$10bn) 25.1%
Mid cap ($2-10bn) 73.9%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENPHASE ENERGY INC 2.1 %
TRIMBLE NAVIGATION LTD 1.4 %
GENERAC HOLDINGS INC 1.4 %
MONOLITHIC POWER SYSTEMS INC 1.3 %
SOLAREDGE TECHNOLOGIES, INC. 1.3 %
COGNEX CORP 1.2 %
FAIR ISAAC CORP 1.1 %
CHARLES RIVER LABORATORIES 1.1 %
BIO-TECHNE CORPORATION 1.1 %
PARAMETRIC TECHNOLOGY CORP 1.1 %
Total 13.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.4 %
BERMUDA 1.0 %
IRELAND 0.7 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.6% 22.6% 13.7% 12.3% 13.5%

Market Correlations
versus... Beta R-squared
S&P500 1.11 91%
MSCI EAFE 1.04 78%
MSCI Emg. Mkts. 0.86 69%

Technical Indicators
Recent close $191.77
30d moving avg. $182.89
Annualized volatility 21.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.6%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 17
Turnover 0.4%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $15,551

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard S&P Mid-Cap 400 Growth ETF ETF based on the alternatives' overlap in portfolio holdings with IVOG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IVOG Expense: 15 bp ALTAR Score™: 4.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IVOG
Ticker Fund
Name
Overlap1
vs IVOG
(%)
Expense
ratio
(bp)
Savings
vs IVOG
(bp)
ALTAR
Score™
(%)
ALTAR
vs IVOG
(%)
MDYG SPDR S&P 400 Mid Cap Growth ETF 85.6 15 0 3.7 -0.4
IJK iShares S&P Mid-Cap 400 Growth ETF 85.6 17 -2 3.7 -0.5
MDY SPDR S&P Midcap 400 ETF Trust 61.8 23 -8 5.1 +1.0
SPMD SPDR Portfolio Mid Cap ETF 61.7 5 10 5.3 +1.1
IJH iShares Core S&P Mid-Cap ETF 61.7 5 10 5.3 +1.1
IVOO Vanguard S&P Mid-Cap 400 ETF 61.1 10 5 5.3 +1.1
XJH iShares ESG Screened S&P Mid-Cap ETF 61.1 12 3 5.4 +1.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 50.3 60 -45 3.6 -0.6
RFG Invesco S&P Midcap 400 Pure Growth ETF 47.2 35 -20 3.3 -0.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 46.9 40 -25 5.6 +1.5
SMDY Syntax Stratified MidCap ETF 45.8 30 -15 5.1 +1.0
XMMO Invesco S&P MidCap Momentum ETF 42.0 34 -19 3.4 -0.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 37.2 7 8 3.9 -0.3
SFYX Sofi Next 500 ETF 33.7 0 15 4.8 +0.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 31.5 70 -55 1.6 -2.6
VBK Vanguard Small-Cap Growth Index Fund 31.5 7 8 1.9 -2.3
RWK Invesco S&P MidCap 400 Revenue ETF 31.2 39 -24 6.3 +2.2
SCHM Schwab U.S. Mid-Cap ETF 29.3 4 11 5.0 +0.8
AFMC First Trust Active Factor Mid Cap ETF 28.2 65 -50 5.2 +1.1
FSMD Fidelity Small-Mid Factor ETF 27.0 29 -14 5.2 +1.1
IJJ iShares S&P Mid-Cap 400 Value ETF 26.4 18 -3 6.9 +2.7
MDYV SPDR S&P 400 Mid Cap Value ETF 26.3 15 0 6.9 +2.8
JHSC John Hancock Multifactor Small Cap ETF 26.2 42 -27 4.5 +0.4
VB Vanguard Small-Cap ETF 25.7 5 10 4.4 +0.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 25.6 6 9 4.0 -0.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 24.8 17 -2 4.0 -0.2
BKSE BNY Mellon US Small Cap Core Equity ETF 24.6 4 11 4.7 +0.5
XMLV Invesco S&P MidCap Low Volatility ETF 24.3 25 -10 5.0 +0.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 24.2 15 0 6.7 +2.5
FNX First Trust Mid Cap Core AlphaDEX Fund 24.0 61 -46 5.1 +0.9
EZM WisdomTree U.S. MidCap Earnings Fund 21.9 38 -23 7.6 +3.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 21.8 80 -65 4.7 +0.5
XMHQ Invesco S&P MidCap Quality ETF 21.7 25 -10 5.3 +1.2
RNMC Mid Cap US Equity Select ETF 21.3 60 -45 6.1 +1.9
VBR Vanguard Small Cap Value Index Fund 20.8 7 8 6.4 +2.3
DON WisdomTree U.S. MidCap Dividend Fund 20.8 38 -23 6.7 +2.5
SCHA Schwab U.S. Small-Cap ETF 20.4 4 11 3.6 -0.6
BUL Pacer US Cash Cows Growth ETF 19.6 60 -45 4.3 +0.2
IUSS Invesco Strategic US Small Company ETF 19.3 23 -8 3.6 -0.5
VXF Vanguard Extended Market Index Fund 19.2 6 9 2.5 -1.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 19.0 30 -15 4.9 +0.7
JHMM John Hancock Multifactor Mid Cap ETF 18.9 42 -27 4.7 +0.5
NUSC Nuveen ESG Small-Cap ETF 18.6 40 -25 3.9 -0.2
JKK iShares Morningstar Small-Cap Growth ETF 18.0 30 -15 0.6 -3.6
SMMD iShares Russell 2500 ETF 17.9 15 0 4.7 +0.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.1 24 -9 5.5 +1.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 17.1 25 -10 4.8 +0.6
SIXL 6 Meridian Low Beta Equity Strategy ETF 17.1 84 -69 4.0 -0.1
VTWG Vanguard Russell 2000 Growth Index Fund 17.0 15 0 0.1 -4.1
IWO iShares Russell 2000 Growth ETF 16.9 24 -9 -0.1 -4.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 16.8 29 -14 6.0 +1.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 16.4 30 -15 5.4 +1.2
TPLC Timothy Plan US Large Cap Core ETF 16.3 52 -37 4.4 +0.3
VTWO Vanguard Russell 2000 Index Fund 16.1 10 5 2.6 -1.5
JKJ iShares Morningstar Small-Cap ETF 16.1 25 -10 5.1 +0.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 16.0 29 -14 7.3 +3.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 15.8 35 -20 5.1 +0.9
JKH iShares Morningstar Mid-Cap Growth ETF 15.8 30 -15 1.9 -2.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 15.1 66 -51 1.8 -2.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 15.0 20 -5 7.1 +3.0
ONEO SPDR Russell 1000 Momentum Focus ETF 15.0 20 -5 5.6 +1.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 14.8 20 -5 3.6 -0.5
QQQJ Invesco NASDAQ Next Gen 100 ETF 14.6 15 0 2.5 -1.6
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 14.3 63 -48 5.2 +1.0
AFSM First Trust Active Factor Small Cap ETF 14.0 77 -62 4.3 +0.1
EQAL Invesco Russell 1000 Equal Weight ETF 13.9 20 -5 5.0 +0.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 13.9 39 -24 3.4 -0.7
BFOR Barron's 400 ETF 13.8 65 -50 5.6 +1.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 13.8 24 -9 4.9 +0.7
USMF WisdomTree U.S. Multifactor Fund 13.7 28 -13 5.4 +1.2
IWM iShares Russell 2000 ETF 13.6 19 -4 2.5 -1.7
PEXL Pacer US Export Leaders ETF 13.5 60 -45 4.7 +0.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.4 30 -15 6.0 +1.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 13.0 20 -5 6.2 +2.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 12.9 17 -2 5.6 +1.5
IWP iShares Russell Mid-Cap Growth ETF 12.8 24 -9 2.6 -1.5
STMB iShares Factors US Mid Blend Style ETF 12.7 30 -15 4.9 +0.8
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 12.4 48 -33 5.5 +1.4
VFQY Vanguard U.S. Quality Factor ETF 12.1 13 2 5.3 +1.1
JHMI John Hancock Multifactor Industrials ETF 12.1 40 -25 5.1 +0.9
VFLQ Vanguard U.S. Liquidity Factor ETF 11.8 14 1 3.5 -0.7
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 11.8 35 -20 5.1 +0.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 11.6 35 -20 5.0 +0.9
PDP Invesco DWA Momentum ETF 11.5 62 -47 1.8 -2.3
QGRO American Century STOXX U.S. Quality Growth ETF 11.4 29 -14 3.7 -0.5
IWR iShares Russell Midcap ETF 11.3 19 -4 4.7 +0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.3 29 -14 4.2 +0.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 11.1 20 -5 3.8 -0.4
VFMF Vanguard U.S. Multifactor ETF 10.9 19 -4 6.1 +2.0
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 10.8 41 -26 5.4 +1.2
ETHO Etho Climate Leadership U.S. ETF 10.7 47 -32 3.6 -0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 10.6 70 -55 7.7 +3.6
IWS iShares Russell Mid-Cap Value ETF 10.4 24 -9 5.9 +1.8
VFMO Vanguard U.S. Momentum Factor ETF 10.4 13 2 1.4 -2.8
FXH First Trust Health Care AlphaDEX Fund 10.3 62 -47 4.5 +0.4
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 10.2 69 -54 4.0 -0.1
KLCD KFA Large Cap Quality Dividend Index ETF 10.2 42 -27 5.1 +0.9
STSB iShares Factors US Small Blend Style ETF 10.0 35 -20 2.9 -1.3
TUSA First Trust Total US Market AlphaDEX ETF 9.6 70 -55 4.8 +0.6
BFTR Future Innovators ETF 9.5 80 -65 -1.5 -5.7

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 S&P Mid-Cap 400 Growth ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.9 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.49
 
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.