Vanguard S&P Mid-Cap 400 Value ETF
ALTAR
Score™
8.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
22.3x P/Sales
ratio
0.9x
P/BV
ratio
1.3x Div.
yield
2.5%


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

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Sep 07, 2010
Assets (mns) $477
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 294
Wgt avg mkt cap (mns) $4,234
Large cap (>$10bn) 2.4%
Mid cap ($2-10bn) 86.7%
Small cap (<$2bn) 10.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PENN NATIONAL GAMING INC 1.3 %
MEDICAL PROPERTIES TRUST INC 1.3 %
XPO LOGISTICS INC 1.1 %
UGI CORP 0.9 %
CREE INC 0.9 %
REINSURANCE GROUP OF AMERICA 0.9 %
AECOM TECHNOLOGY CORP 0.9 %
ARROW ELECTRONICS INC 0.9 %
OGE ENERGY CORP 0.8 %
LEAR CORP 0.8 %
Total 9.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.4 %
BRITAIN 1.2 %
BERMUDA 0.3 %
IRELAND 0.2 %
SWITZERLAND 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.
-19.4% -13.5% 5.4% -- 8.6%

Market Correlations
versus... Beta R-squared
S&P500 1.28 88%
MSCI EAFE 1.37 83%
MSCI Emg. Mkts. 0.98 67%

Technical Indicators
Recent close $104.84
30d moving avg. $107.44
Annualized volatility 24.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.9%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.3%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $1,479

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Vanguard S&P Mid-Cap 400 Value ETF ETF based on the alternatives' overlap in portfolio holdings with IVOV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IVOV Expense: 15 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IVOV
Ticker Fund
Name
Overlap1
vs IVOV
(%)
Expense
ratio
(bp)
Savings
vs IVOV
(bp)
ALTAR
Score™
(%)
ALTAR
vs IVOV
(%)
IJJ iShares S&P Mid-Cap 400 Value ETF 95.6 25 -10 8.8 +0.1
MDYV SPDR S&P 400 Mid Cap Value ETF 95.5 15 0 8.9 +0.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 63.1 40 -25 7.6 -1.1
IJH iShares Core S&P Mid-Cap ETF 58.7 5 10 6.8 -1.9
MDY SPDR S&P Midcap 400 ETF Trust 58.7 23 -8 6.7 -2.1
SPMD SPDR Portfolio Mid Cap ETF 58.6 5 10 6.8 -1.9
IVOO Vanguard S&P Mid-Cap 400 ETF 56.8 10 5 6.6 -2.2
RWK Invesco S&P MidCap 400 Revenue ETF 55.1 39 -24 8.5 -0.2
SMDY Syntax Stratified MidCap ETF 50.8 30 -15 7.0 -1.7
JKL iShares Morningstar Small Cap Value ETF 42.2 30 -15 10.5 +1.8
EZM WisdomTree U.S. MidCap Earnings Fund 39.1 38 -23 9.2 +0.5
VBR Vanguard Small Cap Value Index Fund 37.1 7 8 8.5 -0.3
BKSE BNY Mellon US Small Cap Core Equity ETF 33.6 4 11 5.9 -2.8
FNK First Trust Mid Cap Value AlphaDEX Fund 33.2 70 -55 11.4 +2.6
JHSC John Hancock Multifactor Small Cap ETF 31.6 42 -27 5.9 -2.9
RFV Invesco S&P Midcap 400 Pure Value ETF 30.4 35 -20 10.1 +1.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 30.4 7 8 5.3 -3.4
DON WisdomTree U.S. MidCap Dividend Fund 30.3 38 -23 7.9 -0.9
AFMC First Trust Active Factor Mid Cap ETF 30.2 65 -50 6.5 -2.2
RNMC Mid Cap US Equity Select ETF 29.4 60 -45 7.8 -1.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 28.3 15 0 5.1 -3.7
IJK iShares S&P Mid-Cap 400 Growth ETF 28.2 24 -9 5.1 -3.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 28.2 15 0 5.2 -3.6
FNX First Trust Mid Cap Core AlphaDEX Fund 27.7 61 -46 6.7 -2.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 26.2 17 -2 5.0 -3.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 26.1 29 -14 9.6 +0.9
JKJ iShares Morningstar Small-Cap ETF 25.7 25 -10 6.6 -2.1
PXMV Invesco S&P MidCap Value with Momentum ETF 25.6 39 -24 10.2 +1.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 25.6 20 -5 9.6 +0.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 25.5 6 9 5.4 -3.4
SFYX Sofi Next 500 ETF 25.1 0 15 6.0 -2.7
VB Vanguard Small-Cap ETF 25.0 5 10 5.5 -3.3
SCHA Schwab U.S. Small-Cap ETF 24.4 4 11 5.0 -3.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 23.6 25 -10 7.7 -1.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 23.4 80 -65 5.9 -2.9
FSMD Fidelity Small-Mid Factor ETF 22.9 29 -14 6.5 -2.3
SCHM Schwab U.S. Mid-Cap ETF 22.2 4 11 6.2 -2.6
IUSS Invesco Strategic US Small Company ETF 20.9 23 -8 5.4 -3.4
NUSC Nuveen ESG Small-Cap ETF 20.5 40 -25 5.0 -3.7
XMLV Invesco S&P MidCap Low Volatility ETF 19.2 25 -10 5.7 -3.1
AVUV Avantis U.S. Small Cap Value ETF 19.1 25 -10 8.5 -0.2
IWN iShares Russell 2000 Value ETF 18.9 24 -9 7.2 -1.5
VUSE Vident Core US Equity Fund 18.1 48 -33 9.2 +0.4
VXF Vanguard Extended Market Index Fund 18.0 6 9 3.6 -5.1
FAB First Trust Multi Cap Value AlphaDEX Fund 17.8 71 -56 10.1 +1.3
BUY USCF SummerHaven SHPEI Index Fund 17.4 80 -65 9.1 +0.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 17.4 29 -14 7.0 -1.8
ONEY SPDR Russell 1000 Yield Focus ETF 16.6 20 -5 9.2 +0.5
ISMD Inspire Small/Mid Cap Impact ETF 16.3 60 -45 6.4 -2.4
SMMD iShares Russell 2500 ETF 16.2 15 0 6.0 -2.8
PSC Principal U.S. Small Cap Index ETF 16.0 38 -23 7.1 -1.7
EQAL Invesco Russell 1000 Equal Weight ETF 16.0 20 -5 6.0 -2.7
VFVA Vanguard U.S. Value Factor ETF 15.7 14 1 11.5 +2.7
XMMO Invesco S&P MidCap Momentum ETF 15.7 34 -19 4.0 -4.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 15.2 24 -9 6.2 -2.6
IWM iShares Russell 2000 ETF 15.0 19 -4 3.5 -5.3
VTWV Vanguard Russell 2000 Value Index Fund 14.9 15 0 7.4 -1.4
EQWM Invesco S&P MidCap Quality ETF 14.9 25 -10 6.6 -2.2
VTWO Vanguard Russell 2000 Index Fund 14.8 10 5 3.8 -5.0
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 14.3 40 -25 6.5 -2.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 14.1 20 -5 4.8 -4.0
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 13.9 48 -33 6.5 -2.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 13.6 20 -5 7.1 -1.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 13.3 29 -14 5.3 -3.5
JHMM John Hancock Multifactor Mid Cap ETF 13.1 42 -27 5.7 -3.1
IWS iShares Russell Mid-Cap Value ETF 12.8 24 -9 7.2 -1.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 12.8 30 -15 7.9 -0.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 12.8 24 -9 6.7 -2.1
VBK Vanguard Small-Cap Growth Index Fund 12.7 7 8 2.4 -6.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 12.4 60 -45 8.2 -0.6
AUSF Global X Adaptive U.S. Factor ETF 12.3 27 -12 9.5 +0.7
JDIV JPMorgan U.S. Dividend ETF 12.3 12 3 8.0 -0.7
VFLQ Vanguard U.S. Liquidity Factor ETF 12.2 14 1 4.3 -4.4
AFSM First Trust Active Factor Small Cap ETF 12.2 75 -60 5.7 -3.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 12.1 20 -5 5.1 -3.7
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 11.8 35 -20 8.3 -0.5
JVAL JPMorgan U.S. Value Factor ETF 11.4 12 3 8.6 -0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 11.4 35 -20 5.5 -3.3
DES WisdomTree U.S. SmallCap Dividend Fund 11.1 38 -23 8.9 +0.1
USMF WisdomTree U.S. Multifactor Fund 10.9 28 -13 5.8 -2.9
KBE SPDR S&P Bank ETF 10.8 35 -20 11.8 +3.0
ONEO SPDR Russell 1000 Momentum Focus ETF 10.8 20 -5 6.5 -2.2
KRE SPDR S&P Regional Banking ETF 10.7 35 -20 11.4 +2.7
IFRA iShares U.S. Infrastructure ETF 10.6 40 -25 6.0 -2.8
TPHD Timothy Plan High Dividend Stock ETF 10.5 52 -37 7.6 -1.1
VFMF Vanguard U.S. Multifactor ETF 10.4 19 -4 7.6 -1.1
FXO First Trust Financials AlphaDEX Fund 10.3 63 -48 13.0 +4.3
TUSA First Trust Total US Market AlphaDEX ETF 10.2 70 -55 6.0 -2.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 10.2 25 -10 6.6 -2.1
IAT iShares U.S. Regional Banks ETF 10.2 42 -27 11.4 +2.7
KBWR Invesco KBW Regional Banking ETF 10.0 35 -20 12.2 +3.4
VFQY Vanguard U.S. Quality Factor ETF 10.0 13 2 6.6 -2.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 10.0 30 -15 5.7 -3.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 9.9 35 -20 8.3 -0.5
SDY SPDR S&P Dividend ETF 9.8 35 -20 7.3 -1.5
FYX First Trust Small Cap Core AlphaDEX Fund 9.7 63 -48 6.5 -2.3
RNSC Small Cap US Equity Select ETF 9.6 60 -45 7.3 -1.4
FYT First Trust Small Cap Value AlphaDEX Fund 9.6 72 -57 10.0 +1.3

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 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.7 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.