Vanguard S&P Mid-Cap 400 Growth ETF
ALTAR
Score™
4.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
19.9x P/Sales
ratio
2.0x
P/BV
ratio
3.1x Div.
yield
1.3%


  • 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) $719
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) $7,270
Large cap (>$10bn) 18.0%
Mid cap ($2-10bn) 81.4%
Small cap (<$2bn) 0.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOMINO'S PIZZA INC 1.5 %
TELEDYNE TECHNOLOGIES INC 1.4 %
TYLER TECHNOLOGIES INC 1.3 %
WEST PHARMACEUTICAL SERVICES 1.3 %
FAIR ISAAC CORP 1.2 %
FACTSET RESEARCH SYSTEMS INC 1.2 %
TRIMBLE NAVIGATION LTD 1.2 %
BROWN & BROWN INC 1.2 %
TERADYNE INC 1.1 %
WEX INC 1.0 %
Total 12.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
BERMUDA 1.2 %
BRITAIN 0.2 %
NETHERLANDS 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.1% 14.1% 9.2% -- 12.3%

Market Correlations
versus... Beta R-squared
S&P500 1.10 89%
MSCI EAFE 0.97 58%
MSCI Emg. Mkts. 0.64 43%

Technical Indicators
Recent close $135.73
30d moving avg. $149.03
Annualized volatility 14.1%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.6%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.2%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $11,284

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 4.3%


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 98.8 15 0 4.3 +0.0
IJK iShares S&P Mid-Cap 400 Growth ETF 98.8 24 -9 4.2 -0.1
IVOO Vanguard S&P Mid-Cap 400 ETF 66.0 10 5 6.4 +2.1
MDY SPDR S&P Midcap 400 ETF Trust 65.8 23 -8 6.2 +2.0
IJH iShares Core S&P Mid-Cap ETF 65.6 6 9 6.4 +2.2
SPMD SPDR Portfolio Mid Cap ETF 65.6 5 10 6.4 +2.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 53.2 40 -25 7.0 +2.7
RFG Invesco S&P Midcap 400 Pure Growth ETF 52.5 35 -20 2.1 -2.2
SMDY Syntax Stratified MidCap ETF 49.8 30 -15 6.9 +2.7
SFYX Sofi Next 500 ETF 35.7 0 15 5.6 +1.3
RWK Invesco S&P MidCap 400 Revenue ETF 35.2 39 -24 8.2 +4.0
VBK Vanguard Small-Cap Growth Index Fund 34.5 7 8 2.4 -1.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 33.9 70 -55 3.4 -0.8
XMMO Invesco S&P MidCap Momentum ETF 32.8 39 -24 4.2 -0.1
AFMC First Trust Active Factor Mid Cap ETF 32.5 65 -50 7.4 +3.1
JHSC John Hancock Multifactor Small Cap ETF 31.6 50 -35 6.2 +2.0
RNMC Mid Cap US Equity Select ETF 31.0 60 -45 7.3 +3.0
FSMD Fidelity Small-Mid Factor ETF 30.6 29 -14 6.9 +2.6
EQWM Invesco S&P MidCap Quality ETF 30.3 25 -10 5.7 +1.5
SCHM Schwab U.S. Mid-Cap ETF 30.1 4 11 6.4 +2.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 13.4 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.56
 
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.