Vanguard Mega Cap Index Fund
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
2.7x
P/BV
ratio
3.6x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Mega Cap 300 ETF seeks investment results that correspond to the MSCI US Large Cap 300 Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Dec 17, 2007
Assets (mns) $2,856
Currency USD
Expense ratio 7 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 249
Wgt avg mkt cap (mns) $494,521
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.1 %
MICROSOFT CORP 6.4 %
AMAZON.COM INC 5.4 %
FACEBOOK 2.5 %
ALPHABET INC. CLASS A 1.8 %
ALPHABET INC. CLASS C 1.7 %
BERKSHIRE HATHAWAY INC-CL B 1.6 %
JOHNSON & JOHNSON 1.6 %
PROCTER & GAMBLE CO/THE 1.4 %
VISA INC-CLASS A SHARES 1.4 %
Total 31.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 1.6 %
BRITAIN 0.8 %
SWITZERLAND 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.3% 26.2% 15.6% 15.6% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 0.98 100%
MSCI EAFE 0.99 84%
MSCI Emg. Mkts. 0.71 68%

Technical Indicators
Recent close $115.40
30d moving avg. $121.25
Annualized volatility 17.2%
Short interest (ETF) 0.3%
Short interest (Underlying) 1.9%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 112
Turnover 0.5%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $18,680

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard Mega Cap Index Fund ETF based on the alternatives' overlap in portfolio holdings with MGC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MGC Expense: 7 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MGC
Ticker Fund
Name
Overlap1
vs MGC
(%)
Expense
ratio
(bp)
Savings
vs MGC
(bp)
ALTAR
Score™
(%)
ALTAR
vs MGC
(%)
IWL iShares Russell Top 200 ETF 94.3 15 -8 5.9 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 93.6 0 7 6.2 +0.1
SPY SPDR S&P 500 ETF Trust 86.0 9 -2 6.2 +0.1
PBP Invesco S&P 500 BuyWrite ETF 85.9 49 -42 5.8 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 85.8 60 -53 5.8 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 85.6 27 -20 5.9 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 85.6 27 -20 6.2 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 85.5 20 -13 6.2 +0.1
SPLG SPDR Portfolio Large Cap ETF 85.2 3 4 6.2 +0.2
HSPX Global X S&P 500 Covered Call ETF 84.8 60 -53 5.7 -0.4
VOO VANGUARD S&P 500 ETF 84.7 3 4 6.2 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 84.7 7 0 6.1 0.0
IVV iShares Core S&P 500 ETF 84.6 3 4 6.3 +0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 82.4 27 -20 5.9 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 82.3 20 -13 5.8 -0.3
PBUS Invesco PureBeta MSCI USA ETF 82.2 4 3 6.1 0.0
VV Vanguard Large-Cap Index Fund 81.9 4 3 6.0 -0.1
SCHX Schwab U.S. Large-Cap ETF 81.1 3 4 6.1 -0.0
ESGV Vanguard ESG U.S. Stock ETF 80.8 12 -5 6.0 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 79.6 3 4 6.3 +0.2
SNPE Xtrackers S&P 500 ESG ETF 78.4 10 -3 6.2 +0.1
SCHK Schwab 1000 Index ETF 78.4 5 2 6.0 -0.1
IWB iShares Russell 1000 ETF 78.2 15 -8 5.9 -0.2
IYY iShares Dow Jones U.S. ETF 78.0 20 -13 5.9 -0.2
ESGU iShares MSCI USA ESG Optimized ETF 77.3 15 -8 5.9 -0.2
VONE Vanguard Russell 1000 ETF 76.8 8 -1 5.9 -0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 76.2 2 5 6.1 +0.0
IQSU IQ Candriam ESG US Equity ETF 75.3 9 -2 6.3 +0.3
OEF iShares S&P 100 ETF 75.1 20 -13 6.0 -0.1
VTHR Vanguard Russell 3000 Index Fund 75.0 10 -3 5.8 -0.3
SCHB Schwab U.S. Broad Market ETF 74.7 3 4 5.9 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 74.5 3 4 5.9 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 74.0 29 -22 6.1 -0.0
IWV iShares Russell 3000 ETF 73.8 20 -13 5.7 -0.4
SFY SoFi Select 500 ETF 71.6 0 7 5.7 -0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 71.0 12 -5 6.4 +0.3
VTI Vanguard Total Stock Market Index Fund 70.9 3 4 5.8 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 70.5 8 -1 7.4 +1.3
VOOG Vanguard S&P 500 Growth ETF 69.6 10 -3 6.0 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 69.4 60 -53 5.5 -0.6
IVW iShares S&P 500 Growth ETF 69.0 18 -11 5.9 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 68.6 4 3 6.0 -0.1
SPXT ProShares S&P 500 Ex-Technology ETF 68.2 27 -20 5.7 -0.4
IUSG iShares Core S&P US Growth ETF 67.7 4 3 6.0 -0.1
ESG FlexShares STOXX US ESG Impact Index Fund 66.7 32 -25 5.8 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 66.5 9 -2 6.3 +0.3
JHML John Hancock Multifactor Large Cap ETF 63.0 29 -22 6.1 +0.1
XLG Invesco S&P 500 Top 50 ETF 62.4 20 -13 6.0 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 62.1 15 -8 6.3 +0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 62.0 25 -18 7.5 +1.5
DIVB iShares U.S. Dividend & Buyback ETF 61.6 25 -18 7.4 +1.3
IWY iShares Russell Top 200 Growth ETF 60.8 20 -13 6.3 +0.2
IWF iShares Russell 1000 Growth ETF 60.2 19 -12 5.7 -0.4
VONG Vanguard Russell 1000 Growth Index Fund 59.9 8 -1 5.8 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 59.9 15 -8 7.2 +1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 59.6 28 -21 7.2 +1.1
PRF Invesco FTSE RAFI US 1000 ETF 59.3 39 -32 7.5 +1.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 59.3 25 -18 7.0 +0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 59.2 25 -18 7.5 +1.4
SCHG Schwab U.S. Large-Cap Growth ETF 58.8 4 3 5.7 -0.4
TOK iShares MSCI Kokusai ETF 58.7 25 -18 6.1 +0.1
MGK Vanguard Mega Cap Growth ETF 58.7 7 0 6.3 +0.2
AVUS Avantis U.S. Equity ETF 58.0 15 -8 6.3 +0.3
IUS Invesco Strategic US ETF 57.8 19 -12 7.2 +1.2
VUG Vanguard Growth Index Fund 57.7 4 3 5.7 -0.4
DTD WisdomTree U.S.Total Dividend Fund 57.0 28 -21 7.4 +1.3
NACP Impact Shares NAACP Minority Empowerment ETF 56.7 75 -68 5.8 -0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 55.0 75 -68 5.3 -0.8
RECS Columbia Research Enhanced Core ETF 54.1 15 -8 6.7 +0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 54.1 42 -35 6.1 +0.0
DSI iShares MSCI KLD 400 Social ETF 53.5 25 -18 5.2 -0.9
EXT WisdomTree U.S. Total Earnings Fund 52.8 28 -21 6.3 +0.2
URTH iShares MSCI World ETF 52.6 24 -17 6.2 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 52.4 49 -42 5.8 -0.3
TMFC Motley Fool 100 Index ETF 52.3 50 -43 5.4 -0.7
EQWL Invesco Russell Top 200 Equal Weight ETF 52.2 25 -18 6.3 +0.3
VLU SPDR S&P 1500 Value Tilt ETF 52.0 12 -5 7.9 +1.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 51.7 30 -23 6.8 +0.7
VOOV Vanguard S&P 500 Value ETF 51.5 10 -3 7.5 +1.5
IVE iShares S&P 500 Value ETF 51.3 18 -11 7.4 +1.4
AFLG First Trust Active Factor Large Cap ETF 51.3 55 -48 6.5 +0.4
SPYV SPDR Portfolio S&P 500 Value ETF 51.2 4 3 7.6 +1.5
SUSL iShares ESG MSCI USA Leaders ETF 51.0 10 -3 5.4 -0.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.9 10 -3 5.4 -0.7
RWL Invesco S&P 500 Revenue ETF 50.6 39 -32 7.6 +1.5
EFIV SPDR S&P 500 ESG ETF 50.2 10 -3 6.2 +0.1
IUSV iShares Core S&P U.S. Value ETF 50.1 4 3 7.7 +1.6
FVAL Fidelity Value Factor ETF 49.9 29 -22 8.7 +2.6
DGRO iShares Core Dividend Growth ETF 49.7 8 -1 7.1 +1.1
IWD iShares Russell 1000 Value ETF 49.3 19 -12 7.1 +1.0
VONV Vanguard Russell 1000 Value Index Fund 49.3 8 -1 7.2 +1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 49.3 19 -12 6.9 +0.8
ACIO Aptus Collared Income Opportunity ETF 49.2 79 -72 5.2 -0.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 49.2 12 -5 5.2 -0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 48.9 9 -2 6.4 +0.3
QLC FlexShares US Quality Large Cap Index Fund 48.8 32 -25 6.1 +0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 48.8 29 -22 6.5 +0.4
IWX iShares Russell Top 200 Value ETF 48.7 20 -13 7.0 +0.9
FQAL Fidelity Quality Factor ETF 48.7 29 -22 6.4 +0.3
SPQQ Siren Large Cap Blend Index ETF 48.6 20 -13 5.3 -0.7

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 Mega Cap Index Fund
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 20.0 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.