Vanguard Mega Cap Index Fund
ALTAR
Score™
4.8% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
22.3x P/Sales
ratio
3.0x
P/BV
ratio
3.9x Div.
yield
1.5%


  • 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) $3,377
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 236
Wgt avg mkt cap (mns) $577,197
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 7.0 %
MICROSOFT CORP 6.6 %
AMAZON.COM INC 4.9 %
FACEBOOK 2.3 %
ALPHABET INC. CLASS A 2.3 %
ALPHABET INC. CLASS C 2.1 %
TESLA MOTORS INC 1.9 %
JPMORGAN CHASE & CO 1.7 %
BERKSHIRE HATHAWAY INC-CL B 1.6 %
JOHNSON & JOHNSON 1.6 %
Total 32.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.8 %
IRELAND 1.7 %
BRITAIN 0.7 %
SWITZERLAND 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
1.1% 32.9% 17.6% 13.8% 10.0%

Market Correlations
versus... Beta R-squared
S&P500 0.99 100%
MSCI EAFE 0.91 83%
MSCI Emg. Mkts. 0.73 66%

Technical Indicators
Recent close $134.93
30d moving avg. $136.98
Annualized volatility 18.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 1.3%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 82
Turnover 0.3%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $210,797

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 4.8%


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 97.0 15 -8 4.7 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 95.8 0 7 4.8 -0.1
ESGV Vanguard ESG U.S. Stock ETF 86.4 12 -5 4.7 -0.1
PBP Invesco S&P 500 BuyWrite ETF 84.1 49 -42 4.5 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 83.9 27 -20 4.5 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 83.5 60 -53 4.4 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 83.4 27 -20 4.8 +0.0
SPY SPDR S&P 500 ETF Trust 83.4 9 -2 4.9 +0.1
IVV iShares Core S&P 500 ETF 83.3 3 4 4.9 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 83.2 20 -13 4.9 +0.1
SPLG SPDR Portfolio Large Cap ETF 83.2 3 4 5.0 +0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 82.8 20 -13 4.8 -0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 82.5 27 -20 4.5 -0.3
XVV iShares ESG Screened S&P 500 ETF 82.4 8 -1 5.0 +0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 82.3 7 0 4.7 -0.1
VOO VANGUARD S&P 500 ETF 82.0 3 4 4.9 +0.1
VV Vanguard Large-Cap Index Fund 80.5 4 3 4.8 -0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 80.1 2 5 4.8 +0.0
PBUS Invesco PureBeta MSCI USA ETF 79.4 4 3 4.8 0.0
OEF iShares S&P 100 ETF 78.3 20 -13 4.6 -0.3
SCHX Schwab U.S. Large-Cap ETF 77.3 3 4 4.8 -0.1
SNPE Xtrackers S&P 500 ESG ETF 77.1 10 -3 4.9 +0.1
EFIV SPDR S&P 500 ESG ETF 77.1 10 -3 4.9 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 76.1 15 -8 4.7 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 75.9 3 4 5.0 +0.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 75.0 15 -8 5.0 +0.1
IWB iShares Russell 1000 ETF 74.7 15 -8 4.7 -0.2
SCHK Schwab 1000 Index ETF 74.3 5 2 4.7 -0.1
IYY iShares Dow Jones U.S. ETF 74.2 20 -13 4.6 -0.2
IQSU IQ Candriam ESG US Equity ETF 73.9 9 -2 4.7 -0.1
CATH Global X S&P 500 Catholic Values Custom ETF 72.7 29 -22 4.7 -0.2
VONE Vanguard Russell 1000 ETF 72.0 8 -1 4.7 -0.1
SFY SoFi Select 500 ETF 71.1 0 7 4.8 -0.1
SPXT ProShares S&P 500 Ex-Technology ETF 70.2 27 -20 5.1 +0.3
VTHR Vanguard Russell 3000 Index Fund 70.2 10 -3 4.6 -0.3
SCHB Schwab U.S. Broad Market ETF 69.8 3 4 4.6 -0.2
IWV iShares Russell 3000 ETF 69.7 20 -13 4.5 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 69.3 3 4 4.6 -0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 69.1 12 -5 4.2 -0.6
VTI Vanguard Total Stock Market Index Fund 67.9 3 4 4.6 -0.3
ACVF American Conservative Values ETF 67.7 75 -68 4.4 -0.5
ESG FlexShares STOXX US ESG Impact Index Fund 67.5 32 -25 4.8 -0.0
VOOG Vanguard S&P 500 Growth ETF 66.1 10 -3 4.0 -0.9
DFAU Dimensional US Core Equity Market ETF 65.9 12 -5 4.9 +0.0
EPS WisdomTree U.S. Earnings 500 Fund 65.9 8 -1 6.2 +1.4
SPYG SPDR Portfolio S&P 500 Growth ETF 64.8 4 3 4.0 -0.8
IVW iShares S&P 500 Growth ETF 64.8 18 -11 3.9 -1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 64.3 60 -53 3.7 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 64.2 9 -2 5.1 +0.3
IUSG iShares Core S&P US Growth ETF 63.6 4 3 4.0 -0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 63.2 15 -8 0.0 -4.8
QUS SPDR MSCI USA StrategicFactors ETF 63.1 15 -8 5.5 +0.6
XLG Invesco S&P 500 Top 50 ETF 62.5 20 -13 4.4 -0.5
DIVB iShares U.S. Dividend & Buyback ETF 61.6 25 -18 6.0 +1.2
IWY iShares Russell Top 200 Growth ETF 61.2 20 -13 3.9 -0.9
JHML John Hancock Multifactor Large Cap ETF 60.7 29 -22 5.0 +0.2
IWF iShares Russell 1000 Growth ETF 60.5 19 -12 3.7 -1.1
VONG Vanguard Russell 1000 Growth Index Fund 60.2 8 -1 3.8 -1.0
HIPR Direxion High Growth ETF 59.8 40 -33 4.2 -0.7
VOOV Vanguard S&P 500 Value ETF 58.9 10 -3 6.3 +1.4
NACP Impact Shares NAACP Minority Empowerment ETF 57.7 49 -42 4.6 -0.2
VUG Vanguard Growth Index Fund 57.2 4 3 3.6 -1.2
MGK Vanguard Mega Cap Growth ETF 57.1 7 0 3.8 -1.1
TOK iShares MSCI Kokusai ETF 57.1 25 -18 5.0 +0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 57.0 9 -2 5.2 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 56.7 25 -18 5.7 +0.9
WOMN Impact Shares YWCA Women's Empowerment ETF 56.6 75 -68 4.5 -0.4
PRF Invesco FTSE RAFI US 1000 ETF 56.2 39 -32 5.8 +0.9
SPYV SPDR Portfolio S&P 500 Value ETF 55.5 4 3 6.3 +1.5
IVE iShares S&P 500 Value ETF 55.5 18 -11 6.2 +1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 54.8 28 -21 6.4 +1.6
IUS Invesco Strategic US ETF 54.4 19 -12 5.3 +0.5
DSI iShares MSCI KLD 400 Social ETF 54.2 25 -18 4.7 -0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 54.0 49 -42 3.8 -1.0
IUSV iShares Core S&P U.S. Value ETF 54.0 4 3 6.4 +1.5
EQWL Invesco Russell Top 200 Equal Weight ETF 53.9 25 -18 5.9 +1.0
AVUS Avantis U.S. Equity ETF 53.6 15 -8 5.1 +0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 53.4 25 -18 5.0 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 53.4 25 -18 5.6 +0.8
KRMA Global X Conscious Companies ETF 52.9 43 -36 5.1 +0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 52.7 42 -35 4.9 +0.1
RECS Columbia Research Enhanced Core ETF 52.6 15 -8 5.5 +0.7
URTH iShares MSCI World ETF 52.6 24 -17 5.1 +0.3
SCHV Schwab U.S. Large-Cap Value ETF 52.1 4 3 6.2 +1.3
RWL Invesco S&P 500 Revenue ETF 52.0 39 -32 6.1 +1.3
DTD WisdomTree U.S.Total Dividend Fund 51.8 28 -21 6.5 +1.7
RESP WisdomTree US ESG Fund of Benef Interest 51.8 28 -21 5.5 +0.7
TMFC Motley Fool 100 Index ETF 51.1 50 -43 3.0 -1.8
ACIO Aptus Collared Income Opportunity ETF 50.9 79 -72 4.0 -0.8
IWX iShares Russell Top 200 Value ETF 50.7 20 -13 6.2 +1.4
VONV Vanguard Russell 1000 Value Index Fund 50.7 8 -1 6.1 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.6 10 -3 5.0 +0.2
SUSL iShares ESG MSCI USA Leaders ETF 50.6 10 -3 5.0 +0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 50.3 30 -23 5.2 +0.4
FVAL Fidelity Value Factor ETF 50.0 29 -22 6.8 +2.0
FQAL Fidelity Quality Factor ETF 49.9 29 -22 5.1 +0.2
IWD iShares Russell 1000 Value ETF 49.8 19 -12 6.0 +1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 49.6 30 -23 5.5 +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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 18.6 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.50
 
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.