Vanguard Mega Cap Growth ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.8x P/Sales
ratio
5.4x
P/BV
ratio
7.6x Div.
yield
1.0%


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

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Dec 17, 2007
Assets (mns) $9,542
Currency USD
Expense ratio 7 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 108
Wgt avg mkt cap (mns) $796,743
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 13.3 %
MICROSOFT CORP 12.1 %
AMAZON.COM INC 10.1 %
FACEBOOK 4.7 %
ALPHABET INC. CLASS A 3.3 %
ALPHABET INC. CLASS C 3.2 %
VISA INC-CLASS A SHARES 2.6 %
MASTERCARD INC-CLASS A 2.3 %
HOME DEPOT INC 2.3 %
NVIDIA CORP 2.2 %
Total 56.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 104.6 %
BRITAIN 1.3 %
IRELAND 1.2 %








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.
35.2% 49.9% 21.0% 19.2% 12.9%

Market Correlations
versus... Beta R-squared
S&P500 1.03 93%
MSCI EAFE 1.01 74%
MSCI Emg. Mkts. 0.73 61%

Technical Indicators
Recent close $181.53
30d moving avg. $186.28
Annualized volatility 18.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.1%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 530
Turnover 1.0%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $5,377

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: MGK Expense: 7 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MGK
Ticker Fund
Name
Overlap1
vs MGK
(%)
Expense
ratio
(bp)
Savings
vs MGK
(bp)
ALTAR
Score™
(%)
ALTAR
vs MGK
(%)
IWY iShares Russell Top 200 Growth ETF 84.1 20 -13 6.1 -0.0
VUG Vanguard Growth Index Fund 80.9 4 3 5.6 -0.6
VOOG Vanguard S&P 500 Growth ETF 75.1 10 -3 5.8 -0.3
IVW iShares S&P 500 Growth ETF 73.2 18 -11 5.7 -0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 72.0 4 3 5.9 -0.3
TMFC Motley Fool 100 Index ETF 71.9 50 -43 5.2 -1.0
IWF iShares Russell 1000 Growth ETF 71.2 19 -12 5.6 -0.6
QYLD Global X NASDAQ 100 Covered Call ETF 69.7 60 -53 5.5 -0.7
QQQ Invesco QQQ Trust 69.6 20 -13 5.8 -0.4
NUSI Nationwide Risk-Managed Income ETF 69.6 68 -61 5.5 -0.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 69.4 60 -53 5.4 -0.8
IUSG iShares Core S&P US Growth ETF 69.3 4 3 5.8 -0.3
VONG Vanguard Russell 1000 Growth Index Fund 69.0 8 -1 5.7 -0.5
IETC iShares Evolved U.S. Technology ETF 67.6 18 -11 5.9 -0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 64.1 60 -53 5.4 -0.8
SCHG Schwab U.S. Large-Cap Growth ETF 63.3 4 3 5.5 -0.6
IGM iShares Expanded Tech Sector ETF 62.7 46 -39 5.3 -0.8
XLG Invesco S&P 500 Top 50 ETF 62.5 20 -13 5.9 -0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 61.7 49 -42 5.7 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 61.7 12 -5 6.2 +0.1
IWL iShares Russell Top 200 ETF 60.4 15 -8 5.8 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 59.9 0 7 6.0 -0.1
MGC Vanguard Mega Cap Index Fund 58.7 7 0 6.0 -0.2
IQSU IQ Candriam ESG US Equity ETF 58.4 9 -2 6.2 +0.1
OEF iShares S&P 100 ETF 57.3 20 -13 5.9 -0.3
SNPE Xtrackers S&P 500 ESG ETF 54.7 10 -3 6.0 -0.1
ESGV Vanguard ESG U.S. Stock ETF 54.7 12 -5 5.9 -0.3
HIPR Direxion High Growth ETF 54.6 40 -33 6.9 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 54.3 27 -20 5.8 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 54.1 27 -20 5.8 -0.4
DSI iShares MSCI KLD 400 Social ETF 53.4 25 -18 5.1 -1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 52.2 20 -13 5.7 -0.5
SPXE ProShares S&P 500 Ex-Energy ETF 51.2 27 -20 6.1 -0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 51.1 7 0 6.0 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 50.9 20 -13 6.1 -0.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 50.6 21 -14 3.5 -2.6
SPY SPDR S&P 500 ETF Trust 50.5 9 -2 6.1 -0.1
PBP Invesco S&P 500 BuyWrite ETF 50.5 49 -42 5.7 -0.5
XYLG Global X S&P 500 Covered Call & Growth ETF 50.4 60 -53 5.7 -0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.2 10 -3 5.3 -0.8
SUSL iShares ESG MSCI USA Leaders ETF 50.2 10 -3 5.3 -0.8
SPLG SPDR Portfolio Large Cap ETF 50.1 3 4 6.1 -0.0
HSPX Global X S&P 500 Covered Call ETF 50.0 60 -53 5.5 -0.6
VOO VANGUARD S&P 500 ETF 49.8 3 4 6.1 -0.0
IVV iShares Core S&P 500 ETF 49.7 3 4 6.1 -0.0
CATH Global X S&P 500 Catholic Values Custom ETF 49.6 29 -22 5.9 -0.2
PBUS Invesco PureBeta MSCI USA ETF 49.4 4 3 6.0 -0.2
VEGN US Vegan Climate ETF 49.2 60 -53 5.8 -0.4
JKE iShares Morningstar Large-Cap Growth ETF 49.1 25 -18 2.8 -3.3
VV Vanguard Large-Cap Index Fund 48.9 4 3 5.9 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 48.8 15 -8 5.8 -0.4
GBGR Global Beta Momentum-Growth ETF 48.6 29 -22 4.4 -1.8
IYW iShares U.S. Technology ETF 48.5 43 -36 7.2 +1.1
ESG FlexShares STOXX US ESG Impact Index Fund 48.5 32 -25 5.7 -0.4
SCHX Schwab U.S. Large-Cap ETF 48.2 3 4 5.9 -0.2
FTEC Fidelity MSCI Information Technology Index ETF 47.8 8 -1 8.0 +1.9
VGT Vanguard Information Technology Index Fund 47.8 10 -3 8.0 +1.8
FDMO Fidelity Momentum Factor ETF 47.4 29 -22 4.2 -2.0
XLK Technology Select Sector SPDR Fund 46.9 13 -6 8.7 +2.6
IXN iShares Global Tech ETF 46.9 46 -39 7.1 +1.0
IWB iShares Russell 1000 ETF 46.8 15 -8 5.7 -0.4
SPTM SPDR Portfolio Total Stock Market ETF 46.7 3 4 6.2 +0.0
SCHK Schwab 1000 Index ETF 46.6 5 2 5.9 -0.2
SFY SoFi Select 500 ETF 46.4 0 7 5.6 -0.5
IYY iShares Dow Jones U.S. ETF 46.4 20 -13 5.8 -0.4
STLG iShares Factors US Growth Style ETF 46.2 25 -18 6.1 -0.0
VONE Vanguard Russell 1000 ETF 45.9 8 -1 5.8 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 45.4 2 5 6.0 -0.2
WOMN Impact Shares YWCA Women's Empowerment ETF 45.4 75 -68 5.1 -1.0
VTHR Vanguard Russell 3000 Index Fund 44.8 10 -3 5.7 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 44.7 9 -2 6.2 +0.1
SYG SPDR MFS Systematic Growth Equity ETF 44.5 60 -53 5.4 -0.8
SCHB Schwab U.S. Broad Market ETF 44.4 3 4 5.8 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 44.3 3 4 5.8 -0.4
IOO iShares Global 100 ETF 44.2 40 -33 6.1 -0.1
MMLG First Trust Multi-Manager Large Growth ETF 44.1 85 -78 2.6 -3.6
IWV iShares Russell 3000 ETF 44.1 20 -13 5.6 -0.6
NACP Impact Shares NAACP Minority Empowerment ETF 43.8 75 -68 5.7 -0.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 42.9 15 -8 5.1 -1.1
VTI Vanguard Total Stock Market Index Fund 42.2 3 4 5.7 -0.5
SFYF SoFi 50 ETF 42.0 29 -22 2.7 -3.4
JMOM JPMorgan U.S. Momentum Factor ETF 41.9 12 -5 4.0 -2.2
TECB iShares US Tech Breakthrough Multisector ETF 41.7 40 -33 4.8 -1.4
LRGE ClearBridge Large Cap Growth ESG ETF 41.7 59 -52 4.5 -1.6
ADME Aptus Drawdown Managed Equity ETF 41.1 79 -72 4.3 -1.8
JOYY Infusive Compounding Global Equities ETF 40.9 50 -43 6.2 +0.0
FQAL Fidelity Quality Factor ETF 40.8 29 -22 6.3 +0.1
RECS Columbia Research Enhanced Core ETF 40.7 15 -8 6.6 +0.4
SPQQ Siren Large Cap Blend Index ETF 39.8 20 -13 5.3 -0.8
ACIO Aptus Collared Income Opportunity ETF 39.7 79 -72 5.2 -1.0
EXT WisdomTree U.S. Total Earnings Fund 39.3 28 -21 6.1 -0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 39.3 19 -12 6.8 +0.6
JKD iShares Morningstar Large-Cap ETF 38.6 20 -13 8.1 +2.0
SPMO Invesco S&P 500 Momentum ETF 38.5 13 -6 5.9 -0.3
JQUA JPMorgan U.S. Quality Factor ETF 38.1 12 -5 5.7 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 38.0 8 -1 7.2 +1.1
NULC Nuveen ESG Large-Cap ETF 37.8 20 -13 5.1 -1.1
SPXT ProShares S&P 500 Ex-Technology ETF 37.8 27 -20 5.6 -0.5
ECOZ TrueMark ESG Active Opportunities ETF 37.4 58 -51 4.3 -1.9
SYE SPDR MFS Systematic Core Equity ETF 37.3 60 -53 6.6 +0.5

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 Growth ETF
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 39.6 %
Divided by: Fwd. P/BV 6.4 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 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.