Vanguard Mega Cap Index Fund
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.8x P/Sales
ratio
2.7x
P/BV
ratio
3.5x Div.
yield
1.8%


  • 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) $2,718
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 261
Wgt avg mkt cap (mns) $451,978
Large cap (>$10bn) 99.9%
Mid cap ($2-10bn) 0.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 6.8 %
APPLE INC 6.6 %
AMAZON.COM INC 5.5 %
FACEBOOK 2.5 %
ALPHABET INC. CLASS A 1.9 %
ALPHABET INC. CLASS C 1.9 %
JOHNSON & JOHNSON 1.7 %
BERKSHIRE HATHAWAY INC-CL B 1.5 %
VISA INC-CLASS A SHARES 1.4 %
PROCTER & GAMBLE CO/THE 1.3 %
Total 31.2 %

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 June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.1% 10.1% 11.5% 14.3% 8.7%

Market Correlations
versus... Beta R-squared
S&P500 0.97 100%
MSCI EAFE 0.96 84%
MSCI Emg. Mkts. 0.69 69%

Technical Indicators
Recent close $113.49
30d moving avg. $110.41
Annualized volatility 16.5%
Short interest (ETF) 0.4%
Short interest (Underlying) 1.9%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 154
Turnover 0.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $237,760

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™: 5.2%


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
(%)
BKLC BNY Mellon US Large Cap Core Equity ETF 96.1 0 7 5.1 -0.0
IWL iShares Russell Top 200 ETF 93.8 15 -8 5.0 -0.2
PBP Invesco S&P 500 BuyWrite ETF 88.7 49 -42 5.0 -0.2
HSPX Global X S&P 500 Covered Call ETF 87.2 65 -58 4.8 -0.3
SPY SPDR S&P 500 ETF Trust 86.7 9 -2 5.3 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 86.6 20 -13 5.3 +0.1
VOO VANGUARD S&P 500 ETF 86.5 3 4 5.4 +0.2
IVV iShares Core S&P 500 ETF 86.5 4 3 5.3 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 86.5 27 -20 5.2 +0.1
SPLG SPDR Portfolio Large Cap ETF 86.5 3 4 5.3 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 85.7 27 -20 4.9 -0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 85.3 7 0 5.1 -0.0
VV Vanguard Large-Cap Index Fund 84.3 4 3 5.2 +0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 83.5 27 -20 4.9 -0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 83.3 2 5 5.2 +0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 83.1 20 -13 4.9 -0.3
PBUS Invesco PureBeta MSCI USA ETF 82.3 4 3 5.2 +0.1
SCHX Schwab U.S. Large-Cap ETF 81.0 3 4 5.2 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 79.9 3 4 5.5 +0.3
SNPE Xtrackers S&P 500 ESG ETF 79.2 11 -4 5.0 -0.1
VONE Vanguard Russell 1000 ETF 78.8 8 -1 5.2 +0.0
ESGU iShares MSCI USA ESG Optimized ETF 78.7 15 -8 5.0 -0.1
SCHK Schwab 1000 Index ETF 78.5 5 2 5.2 +0.1
IWB iShares Russell 1000 ETF 77.9 15 -8 5.1 -0.0
IYY iShares Dow Jones U.S. ETF 77.7 20 -13 5.1 -0.1
OEF iShares S&P 100 ETF 75.8 20 -13 4.7 -0.5
CATH Global X S&P 500 Catholic Values Custom ETF 75.5 29 -22 5.1 -0.0
ESGV Vanguard ESG U.S. Stock ETF 74.9 12 -5 5.1 -0.0
IQSU IQ Candriam ESG US Equity ETF 74.9 9 -2 5.0 -0.2
SCHB Schwab U.S. Broad Market ETF 74.5 3 4 5.2 +0.0
VTHR Vanguard Russell 3000 Index Fund 74.4 10 -3 5.1 -0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 74.2 3 4 5.1 -0.0
VTI Vanguard Total Stock Market Index Fund 73.9 3 4 5.1 -0.0
IWV iShares Russell 3000 ETF 73.8 20 -13 5.0 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 72.2 12 -5 4.8 -0.3
SFY SoFi Select 500 ETF 71.8 0 7 5.2 +0.0
EPS WisdomTree U.S. Earnings 500 Fund 70.9 8 -1 6.4 +1.3
SPXT ProShares S&P 500 Ex-Technology ETF 69.3 27 -20 5.6 +0.4
VOOG Vanguard S&P 500 Growth ETF 68.8 10 -3 4.2 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 68.7 4 3 4.3 -0.9
IVW iShares S&P 500 Growth ETF 68.6 18 -11 4.1 -1.1
IUSG iShares Core S&P US Growth ETF 67.4 4 3 4.3 -0.9
ESG FlexShares STOXX US ESG Impact Index Fund 67.1 32 -25 5.0 -0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 67.0 9 -2 5.5 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 65.1 60 -53 4.3 -0.8
VONG Vanguard Russell 1000 Growth Index Fund 64.4 8 -1 4.2 -1.0
JHML John Hancock Multifactor Large Cap ETF 64.3 29 -22 5.5 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 63.1 25 -18 6.5 +1.3
XLG Invesco S&P 500 Top 50 ETF 63.0 20 -13 4.4 -0.8
QUS SPDR MSCI USA StrategicFactors ETF 62.5 15 -8 5.8 +0.6
DIVB iShares U.S. Dividend & Buyback ETF 61.7 25 -18 6.5 +1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 61.5 15 -8 6.1 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 60.4 75 -68 4.5 -0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 60.3 25 -18 6.5 +1.3
AVUS Avantis U.S. Equity ETF 60.1 15 -8 5.7 +0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 60.0 25 -18 6.6 +1.4
IWY iShares Russell Top 200 Growth ETF 60.0 20 -13 4.0 -1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 59.9 28 -21 6.3 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 59.7 39 -32 6.8 +1.6
IWF iShares Russell 1000 Growth ETF 59.4 19 -12 4.1 -1.1
TOK iShares MSCI Kokusai ETF 58.6 25 -18 5.5 +0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 58.2 9 -2 5.6 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 58.2 4 3 4.0 -1.1
MGK Vanguard Mega Cap Growth ETF 57.9 7 0 4.1 -1.1
RECS Columbia Research Enhanced Core ETF 57.7 15 -8 5.6 +0.4
IUS Invesco Strategic US ETF 57.6 19 -12 6.6 +1.4
VUG Vanguard Growth Index Fund 57.5 4 3 4.0 -1.2
DTD WisdomTree U.S.Total Dividend Fund 57.3 28 -21 6.6 +1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 57.2 75 -68 4.4 -0.7
TMFC Motley Fool 100 Index ETF 54.3 50 -43 3.6 -1.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 54.2 42 -35 5.3 +0.2
URTH iShares MSCI World ETF 54.1 24 -17 5.6 +0.4
DSI iShares MSCI KLD 400 Social ETF 53.5 25 -18 5.1 -0.1
EQWL Invesco Russell Top 200 Equal Weight ETF 52.9 25 -18 6.0 +0.9
EXT WisdomTree U.S. Total Earnings Fund 52.8 28 -21 5.2 +0.0
RWL Invesco S&P 500 Revenue ETF 52.5 39 -32 7.2 +2.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 52.3 49 -42 4.0 -1.1
VLU SPDR S&P 1500 Value Tilt ETF 52.3 12 -5 7.4 +2.3
VOOV Vanguard S&P 500 Value ETF 51.9 15 -8 7.3 +2.1
SPYV SPDR Portfolio S&P 500 Value ETF 51.7 4 3 7.4 +2.2
IVE iShares S&P 500 Value ETF 51.7 18 -11 7.2 +2.1
SUSL iShares ESG MSCI USA Leaders ETF 51.5 10 -3 5.2 +0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 51.4 10 -3 5.2 +0.1
FVAL Fidelity Value Factor ETF 51.1 29 -22 7.9 +2.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 50.7 30 -23 6.5 +1.3
IUSV iShares Core S&P U.S. Value ETF 50.6 4 3 7.4 +2.3
AFLG First Trust Active Factor Large Cap ETF 50.1 55 -48 5.5 +0.3
IWD iShares Russell 1000 Value ETF 50.1 19 -12 7.1 +2.0
KRMA Global X Conscious Companies ETF 50.0 43 -36 5.1 -0.0
HIPR Direxion High Growth ETF 50.0 40 -33 2.8 -2.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 49.9 12 -5 4.7 -0.5
FDMO Fidelity Momentum Factor ETF 49.8 29 -22 3.8 -1.4
FQAL Fidelity Quality Factor ETF 49.6 29 -22 5.4 +0.3
DGRO iShares Core Dividend Growth ETF 49.4 8 -1 6.6 +1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 49.2 9 -2 5.9 +0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 49.1 29 -22 6.2 +1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 48.9 19 -12 5.6 +0.4
IWX iShares Russell Top 200 Value ETF 48.7 20 -13 7.1 +1.9
ACIO Aptus Collared Income Opportunity ETF 48.1 79 -72 4.3 -0.8
FDLO Fidelity Low Volatility Factor ETF 47.7 29 -22 5.1 -0.1

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 17.4 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.