Vanguard S&P Mid-Cap 400 Growth ETF
ALTAR
Score™
4.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.9x P/Sales
ratio
2.2x
P/BV
ratio
3.3x Div.
yield
1.2%


  • 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 09, 2010
Assets (mns) $694
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 234
Wgt avg mkt cap (mns) $6,879
Large cap (>$10bn) 19.7%
Mid cap ($2-10bn) 79.0%
Small cap (<$2bn) 1.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WEST PHARMACEUTICAL SERVICES 1.8 %
DOMINO'S PIZZA INC 1.7 %
TYLER TECHNOLOGIES INC 1.6 %
TELEDYNE TECHNOLOGIES INC 1.4 %
CATALENT INC 1.4 %
MASIMO CORPORATION 1.4 %
FAIR ISAAC CORP 1.3 %
FACTSET RESEARCH SYSTEMS INC 1.3 %
COGNEX CORP 1.2 %
TERADYNE INC 1.2 %
Total 14.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
BERMUDA 1.2 %
BRITAIN 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.4% 6.1% 6.5% -- 11.2%

Market Correlations
versus... Beta R-squared
S&P500 1.17 93%
MSCI EAFE 1.16 79%
MSCI Emg. Mkts. 0.84 64%

Technical Indicators
Recent close $137.46
30d moving avg. $125.93
Annualized volatility 20.5%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.6%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 16
Turnover 0.3%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $13,630

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™: 4.9%


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
(%)
IJK iShares S&P Mid-Cap 400 Growth ETF 97.5 24 -9 4.9 -0.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 97.5 15 0 5.0 +0.1
MDY SPDR S&P Midcap 400 ETF Trust 67.9 23 -8 6.5 +1.6
IVOO Vanguard S&P Mid-Cap 400 ETF 67.7 10 5 6.5 +1.7
SPMD SPDR Portfolio Mid Cap ETF 67.7 5 10 6.7 +1.8
IJH iShares Core S&P Mid-Cap ETF 67.7 6 9 6.6 +1.8
RFG Invesco S&P Midcap 400 Pure Growth ETF 53.8 35 -20 4.0 -0.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 49.7 40 -25 7.2 +2.3
SMDY Syntax Stratified MidCap ETF 48.6 30 -15 6.7 +1.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 44.5 7 8 5.8 +0.9
XMMO Invesco S&P MidCap Momentum ETF 40.2 39 -24 4.3 -0.6
AFMC First Trust Active Factor Mid Cap ETF 39.2 65 -50 6.5 +1.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 35.8 70 -55 2.1 -2.8
RWK Invesco S&P MidCap 400 Revenue ETF 35.6 39 -24 8.0 +3.1
VBK Vanguard Small-Cap Growth Index Fund 35.4 7 8 2.7 -2.2
SFYX Sofi Next 500 ETF 32.9 0 15 6.2 +1.3
EQWM Invesco S&P MidCap Quality ETF 32.6 25 -10 5.0 +0.1
SCHM Schwab U.S. Mid-Cap ETF 32.3 4 11 6.6 +1.7
XMLV Invesco S&P MidCap Low Volatility ETF 31.8 25 -10 5.4 +0.5
FSMD Fidelity Small-Mid Factor ETF 31.4 29 -14 7.3 +2.4
VB Vanguard Small-Cap ETF 31.3 5 10 5.8 +0.9
EZM WisdomTree U.S. MidCap Earnings Fund 30.1 38 -23 9.7 +4.8
RNMC Mid Cap US Equity Select ETF 29.9 60 -45 8.3 +3.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 29.5 6 9 5.4 +0.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 28.5 17 -2 5.2 +0.3
JHSC John Hancock Multifactor Small Cap ETF 28.2 50 -35 6.1 +1.3
MDYV SPDR S&P 400 Mid Cap Value ETF 27.1 15 0 8.8 +3.9
IJJ iShares S&P Mid-Cap 400 Value ETF 27.1 25 -10 8.7 +3.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 27.1 15 0 8.8 +3.9
FNX First Trust Mid Cap Core AlphaDEX Fund 27.0 61 -46 7.2 +2.3
IUSS Invesco Strategic US Small Company ETF 26.3 23 -8 6.3 +1.5
VBR Vanguard Small Cap Value Index Fund 25.1 7 8 8.9 +4.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 24.8 80 -65 5.6 +0.7
VXF Vanguard Extended Market Index Fund 23.9 7 8 4.1 -0.8
DON WisdomTree U.S. MidCap Dividend Fund 23.6 38 -23 8.1 +3.2
NUSC Nuveen ESG Small-Cap ETF 23.1 40 -25 5.3 +0.4
SCHA Schwab U.S. Small-Cap ETF 22.3 4 11 5.1 +0.2
JKK iShares Morningstar Small-Cap Growth ETF 21.9 30 -15 1.4 -3.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 21.7 25 -10 6.8 +2.0
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 21.0 20 -5 10.2 +5.3
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 20.5 39 -24 6.4 +1.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 20.2 35 -20 5.3 +0.4
JHMM John Hancock Multifactor Mid Cap ETF 19.3 44 -29 6.0 +1.1
SMMD iShares Russell 2500 ETF 19.0 15 0 5.8 +0.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.8 24 -9 7.9 +3.1
TPLC Timothy Plan US Large Cap Core ETF 18.5 52 -37 5.5 +0.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.4 20 -5 6.2 +1.3
PEXL Pacer US Export Leaders ETF 18.3 60 -45 6.5 +1.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 18.2 29 -14 6.9 +2.0
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 17.8 48 -33 6.6 +1.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.5 24 -9 6.2 +1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 17.1 20 -5 7.2 +2.4
IWO iShares Russell 2000 Growth ETF 16.7 24 -9 0.9 -4.0
PVAL Principal Contrarian Value Index ETF 16.4 29 -14 7.8 +2.9
PDP Invesco DWA Momentum ETF 16.4 62 -47 2.8 -2.1
VTWG Vanguard Russell 2000 Growth Index Fund 16.3 15 0 1.0 -3.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 16.2 66 -51 2.7 -2.2
ONEO SPDR Russell 1000 Momentum Focus ETF 16.1 20 -5 6.8 +1.9
IWM iShares Russell 2000 ETF 15.5 19 -4 3.9 -1.0
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 15.4 40 -25 6.2 +1.4
USMF WisdomTree U.S. Multifactor Fund 15.2 28 -13 6.3 +1.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 15.2 17 -2 6.7 +1.8
VTWO Vanguard Russell 2000 Index Fund 15.0 10 5 3.9 -0.9
JKH iShares Morningstar Mid-Cap Growth ETF 15.0 30 -15 2.5 -2.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 14.7 30 -15 6.2 +1.4
JKJ iShares Morningstar Small-Cap ETF 14.5 25 -10 6.6 +1.8
BFOR Barron's 400 ETF 14.4 66 -51 6.5 +1.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 14.0 20 -5 6.4 +1.5
VFLQ Vanguard U.S. Liquidity Factor ETF 14.0 13 2 3.7 -1.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 13.8 39 -24 4.4 -0.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 13.8 35 -20 6.0 +1.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.6 30 -15 8.0 +3.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 13.4 29 -14 6.3 +1.4
EQAL Invesco Russell 1000 Equal Weight ETF 13.3 20 -5 5.3 +0.5
KLCD KFA Large Cap Quality Dividend Index ETF 13.2 41 -26 5.4 +0.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 12.8 35 -20 6.5 +1.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 12.6 35 -20 6.0 +1.1
JHMI John Hancock Multifactor Industrials ETF 12.2 40 -25 6.3 +1.4
BUL Pacer US Cash Cows Growth ETF 12.0 60 -45 5.7 +0.8
IWP iShares Russell Mid-Cap Growth ETF 11.9 24 -9 4.3 -0.6
QMOM Alpha Architect U.S. Quantitative Momentum ETF 11.8 49 -34 3.2 -1.7
IWR iShares Russell Midcap ETF 11.6 19 -4 5.9 +1.0
IWS iShares Russell Mid-Cap Value ETF 11.4 24 -9 7.5 +2.6
QGRO American Century STOXX U.S. Quality Growth ETF 11.4 29 -14 3.1 -1.7
JKG iShares Morningstar Mid-Cap ETF 11.2 25 -10 6.3 +1.4
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 11.2 63 -48 7.3 +2.4
TUSA First Trust Total US Market AlphaDEX ETF 11.0 70 -55 6.5 +1.6
VFQY Vanguard U.S. Quality Factor ETF 11.0 13 2 6.4 +1.5
AFSM First Trust Active Factor Small Cap ETF 10.8 75 -60 6.6 +1.8
VFMF Vanguard U.S. Multifactor ETF 10.6 18 -3 7.4 +2.6
FVL First Trust Value Line 100 Exchange-Traded Fund 10.5 70 -55 4.0 -0.9
FNK First Trust Mid Cap Value AlphaDEX Fund 10.5 70 -55 11.7 +6.9
FXH First Trust Health Care AlphaDEX Fund 10.3 62 -47 4.3 -0.6
OSCV Opus Small Cap Value Plus ETF 10.1 79 -64 5.9 +1.0
ETHO Etho Climate Leadership U.S. ETF 10.0 47 -32 4.6 -0.3
ONEY SPDR Russell 1000 Yield Focus ETF 9.8 20 -5 8.8 +3.9
QLV FlexShares US Quality Low Volatility Index Fund 9.8 22 -7 5.2 +0.4
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 9.8 99 -84 2.1 -2.8
CZA Invesco Zacks Mid-Cap ETF 9.7 76 -61 6.4 +1.6
NUMG Nuveen ESG Mid-Cap Growth ETF 9.7 40 -25 3.2 -1.7

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 15.8 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.52
 
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.