Vanguard Mega Cap Index Fund
ALTAR
Score™
6.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.4x P/Sales
ratio
2.0x
P/BV
ratio
2.7x Div.
yield
2.4%


  • 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 21, 2007
Assets (mns) $1,946
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 260
Wgt avg mkt cap (mns) $7,376,440,000,000
Large cap (>$10bn) 99.8%
Mid cap ($2-10bn) 0.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 6.5 %
APPLE INC 5.5 %
AMAZON.COM INC 4.4 %
FACEBOOK 2.2 %
ALPHABET INC. CLASS A 1.9 %
JOHNSON & JOHNSON 1.9 %
BERKSHIRE HATHAWAY INC-CL B 1.8 %
ALPHABET INC. CLASS C 1.8 %
VISA INC-CLASS A SHARES 1.5 %
PROCTER & GAMBLE CO/THE 1.5 %
Total 28.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
IRELAND 1.9 %
BRITAIN 0.8 %
SWITZERLAND 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.2% -5.1% 7.5% 10.8% 7.2%

Market Correlations
versus... Beta R-squared
S&P500 0.97 100%
MSCI EAFE 0.89 82%
MSCI Emg. Mkts. 0.66 66%

Technical Indicators
Recent close $89.07
30d moving avg. $97.00
Annualized volatility 14.8%
Short interest (ETF) 0.4%
Short interest (Underlying) 1.9%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 479
Turnover 2.2%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $274,844

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™: 6.8%


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
(%)
HSPX Global X S&P 500 Covered Call ETF 94.6 65 -58 6.2 -0.7
IWL iShares Russell Top 200 ETF 94.2 15 -8 6.6 -0.2
PBP Invesco S&P 500 BuyWrite ETF 93.3 49 -42 6.5 -0.3
SPY SPDR S&P 500 ETF Trust 86.8 9 -2 7.1 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 86.7 20 -13 7.1 +0.3
VOO VANGUARD S&P 500 ETF 86.7 3 4 7.1 +0.3
SPLG SPDR Portfolio Large Cap ETF 86.6 3 4 7.1 +0.3
IVV iShares Core S&P 500 ETF 86.5 4 3 7.1 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 86.5 27 -20 7.0 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 86.0 27 -20 6.6 -0.2
VV Vanguard Large-Cap Index Fund 85.4 4 3 7.0 +0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 83.5 20 -13 6.6 -0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 83.5 2 5 7.1 +0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 83.1 27 -20 6.8 -0.0
PBUS Invesco PureBeta MSCI USA ETF 81.8 4 3 7.2 +0.4
SCHX Schwab U.S. Large-Cap ETF 81.2 3 4 7.0 +0.2
VONE Vanguard Russell 1000 ETF 80.1 8 -1 7.0 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 79.9 3 4 7.3 +0.5
SFY SoFi Select 500 ETF 79.2 0 7 6.7 -0.1
IWB iShares Russell 1000 ETF 79.2 15 -8 7.0 +0.1
SCHK Schwab 1000 Index ETF 78.7 5 2 7.0 +0.2
IYY iShares Dow Jones U.S. ETF 78.0 20 -13 6.9 +0.1
SNPE Xtrackers S&P 500 ESG ETF 77.2 11 -4 6.8 +0.0
ESGV Vanguard ESG U.S. Stock ETF 75.6 12 -5 7.0 +0.2
VTHR Vanguard Russell 3000 Index Fund 75.5 10 -3 6.9 +0.1
SCHB Schwab U.S. Broad Market ETF 75.0 3 4 7.0 +0.2
OEF iShares S&P 100 ETF 74.9 20 -13 6.3 -0.5
VTI Vanguard Total Stock Market Index Fund 74.9 3 4 7.0 +0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 74.7 3 4 7.0 +0.2
IWV iShares Russell 3000 ETF 74.5 20 -13 6.9 +0.0
CATH Global X S&P 500 Catholic Values Custom ETF 74.2 29 -22 7.0 +0.2
IQSU IQ Candriam ESG US Equity ETF 73.4 9 -2 6.7 -0.1
SPXT ProShares S&P 500 Ex-Technology ETF 72.8 27 -20 7.3 +0.5
ESGU iShares MSCI USA ESG Optimized ETF 72.1 15 -8 6.7 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 71.2 8 -1 8.5 +1.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 70.5 12 -5 6.7 -0.1
VOOG Vanguard S&P 500 Growth ETF 67.7 10 -3 5.7 -1.1
SPYG SPDR Portfolio S&P 500 Growth ETF 67.7 4 3 5.8 -1.1
IVW iShares S&P 500 Growth ETF 67.6 18 -11 5.6 -1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 67.4 9 -2 7.3 +0.5
IUSG iShares Core S&P US Growth ETF 66.2 4 3 5.8 -1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 65.5 60 -53 6.0 -0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 65.5 25 -18 8.3 +1.5
JHML John Hancock Multifactor Large Cap ETF 64.6 34 -27 7.5 +0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 64.2 15 -8 6.9 +0.1
IUS Invesco Strategic US ETF 63.5 19 -12 7.9 +1.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 63.3 25 -18 8.6 +1.8
ESG FlexShares STOXX US ESG Impact Index Fund 63.2 32 -25 6.8 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 62.8 28 -21 8.0 +1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 62.7 25 -18 8.4 +1.6
QUS SPDR MSCI USA StrategicFactors ETF 62.3 15 -8 7.3 +0.4
DIVB iShares U.S. Dividend & Buyback ETF 62.2 25 -18 8.8 +2.0
VONG Vanguard Russell 1000 Growth Index Fund 61.8 8 -1 5.8 -1.1
IWF iShares Russell 1000 Growth ETF 61.8 19 -12 5.7 -1.2
XLG Invesco S&P 500 Top 50 ETF 61.2 20 -13 5.9 -0.9
IWY iShares Russell Top 200 Growth ETF 61.2 20 -13 5.5 -1.3
PRF Invesco FTSE RAFI US 1000 ETF 61.0 39 -32 9.2 +2.4
NACP Impact Shares NAACP Minority Empowerment ETF 60.2 75 -68 6.2 -0.6
AVUS Avantis U.S. Equity ETF 59.9 15 -8 8.0 +1.2
DTD WisdomTree U.S.Total Dividend Fund 59.8 28 -21 8.5 +1.7
VLU SPDR S&P 1500 Value Tilt ETF 59.2 12 -5 9.6 +2.8
RECS Columbia Research Enhanced Core ETF 58.8 15 -8 7.5 +0.6
TOK iShares MSCI Kokusai ETF 58.5 25 -18 7.3 +0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 56.2 75 -68 6.2 -0.6
RWL Invesco S&P 500 Revenue ETF 56.0 39 -32 9.2 +2.4
VOOV Vanguard S&P 500 Value ETF 55.4 15 -8 9.2 +2.3
SPYV SPDR Portfolio S&P 500 Value ETF 55.3 4 3 9.2 +2.4
IVE iShares S&P 500 Value ETF 55.3 18 -11 9.1 +2.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 55.1 29 -22 5.6 -1.2
EQWL Invesco Russell Top 200 Equal Weight ETF 54.9 25 -18 7.5 +0.7
EXT WisdomTree U.S. Total Earnings Fund 54.7 28 -21 7.7 +0.8
SCHG Schwab U.S. Large-Cap Growth ETF 54.5 4 3 5.6 -1.2
IUSV iShares Core S&P U.S. Value ETF 54.2 4 3 9.4 +2.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 54.2 49 -42 5.5 -1.4
DGRO iShares Core Dividend Growth ETF 54.1 8 -1 8.4 +1.5
MGK Vanguard Mega Cap Growth ETF 53.8 7 0 5.6 -1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 53.7 12 -5 6.3 -0.5
URTH iShares MSCI World ETF 53.7 24 -17 7.5 +0.7
VUG Vanguard Growth Index Fund 53.2 4 3 5.5 -1.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 52.8 42 -35 7.2 +0.4
DSI iShares MSCI KLD 400 Social ETF 52.7 25 -18 6.7 -0.1
SUSL iShares ESG MSCI USA Leaders ETF 50.8 10 -3 6.9 +0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.7 10 -3 6.9 +0.1
VEGN US Vegan Climate ETF 50.2 60 -53 7.1 +0.3
FVAL Fidelity Value Factor ETF 50.0 29 -22 11.0 +4.1
FQAL Fidelity Quality Factor ETF 49.9 29 -22 7.0 +0.2
AFLG First Trust Active Factor Large Cap ETF 49.3 55 -48 7.7 +0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 49.1 19 -12 7.6 +0.7
FDLO Fidelity Low Volatility Factor ETF 48.6 29 -22 6.5 -0.3
FDRR Fidelity Dividend ETF for Rising Rates 48.3 29 -22 9.6 +2.8
VTV Vanguard Value Index Fund 48.2 4 3 9.1 +2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 48.2 9 -2 7.8 +1.0
MGV Vanguard Mega Cap Value ETF 48.1 7 0 8.8 +2.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 48.1 75 -68 5.0 -1.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 47.8 30 -23 8.1 +1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 47.6 29 -22 8.2 +1.4
ACWI iShares MSCI ACWI ETF 47.3 32 -25 7.8 +1.0
JQUA JPMorgan U.S. Quality Factor ETF 47.2 12 -5 6.6 -0.2
VONV Vanguard Russell 1000 Value Index Fund 47.1 8 -1 9.3 +2.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 47.0 20 -13 8.1 +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%.

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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:

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 17.9 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 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.