Vanguard Mega Cap Growth ETF
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
36.3x P/Sales
ratio
5.2x
P/BV
ratio
7.6x Div.
yield
0.8%


  • 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) $8,412
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 113
Wgt avg mkt cap (mns) $683,323
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 12.1 %
APPLE INC 11.4 %
AMAZON.COM INC 10.0 %
FACEBOOK 4.4 %
ALPHABET INC. CLASS A 3.4 %
ALPHABET INC. CLASS C 3.4 %
VISA INC-CLASS A SHARES 2.5 %
HOME DEPOT INC 2.0 %
MASTERCARD INC-CLASS A 2.0 %
NVIDIA CORP 1.8 %
Total 53.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
BRITAIN 1.3 %
IRELAND 1.0 %








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.
12.7% 27.5% 15.9% 17.3% 11.4%

Market Correlations
versus... Beta R-squared
S&P500 1.00 93%
MSCI EAFE 0.96 74%
MSCI Emg. Mkts. 0.70 62%

Technical Indicators
Recent close $172.77
30d moving avg. $162.57
Annualized volatility 17.6%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.1%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 421
Turnover 0.9%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $149,756

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™: 4.0%


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
(%)
VUG Vanguard Growth Index Fund 83.0 4 3 3.9 -0.1
IWY iShares Russell Top 200 Growth ETF 80.5 20 -13 4.0 -0.0
VOOG Vanguard S&P 500 Growth ETF 73.4 10 -3 4.2 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 73.0 4 3 4.2 +0.2
IVW iShares S&P 500 Growth ETF 73.0 18 -11 4.1 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 71.5 4 3 4.0 +0.0
IWF iShares Russell 1000 Growth ETF 70.4 19 -12 4.0 +0.0
IUSG iShares Core S&P US Growth ETF 69.2 4 3 4.3 +0.2
TMFC Motley Fool 100 Index ETF 69.2 50 -43 3.6 -0.4
VONG Vanguard Russell 1000 Growth Index Fund 68.0 8 -1 4.1 +0.1
QYLD Global X NASDAQ 100 Covered Call ETF 67.3 60 -53 3.5 -0.6
NUSI Nationwide Risk-Managed Income ETF 67.3 68 -61 3.4 -0.6
QQQ Invesco QQQ Trust 66.6 20 -13 3.7 -0.3
IETC iShares Evolved U.S. Technology ETF 64.9 18 -11 3.7 -0.3
XLG Invesco S&P 500 Top 50 ETF 62.3 20 -13 4.4 +0.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 61.0 21 -14 2.8 -1.2
IGM iShares Expanded Tech Sector ETF 60.5 46 -39 3.7 -0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 59.8 60 -53 4.3 +0.3
IWL iShares Russell Top 200 ETF 59.2 15 -8 5.0 +1.0
IQSU IQ Candriam ESG US Equity ETF 58.7 9 -2 5.0 +1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 58.7 0 7 5.2 +1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 58.3 49 -42 4.0 +0.0
MGC Vanguard Mega Cap Index Fund 57.9 7 0 5.2 +1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 57.3 12 -5 4.9 +0.9
OEF iShares S&P 100 ETF 56.9 20 -13 4.7 +0.7
SNPE Xtrackers S&P 500 ESG ETF 55.2 11 -4 5.0 +1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 54.4 27 -20 4.9 +0.9
SPXN ProShares S&P 500 Ex-Financials ETF 54.1 27 -20 4.9 +0.9
DSI iShares MSCI KLD 400 Social ETF 53.4 25 -18 5.1 +1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 52.4 20 -13 4.9 +0.9
PBP Invesco S&P 500 BuyWrite ETF 51.7 49 -42 5.0 +1.0
SPXE ProShares S&P 500 Ex-Energy ETF 51.5 27 -20 5.3 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 51.3 20 -13 5.3 +1.3
HSPX Global X S&P 500 Covered Call ETF 51.0 65 -58 4.9 +0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 50.9 7 0 5.2 +1.1
SPY SPDR S&P 500 ETF Trust 50.5 9 -2 5.3 +1.3
IVV iShares Core S&P 500 ETF 50.4 4 3 5.4 +1.3
SPLG SPDR Portfolio Large Cap ETF 50.4 3 4 5.4 +1.4
VOO VANGUARD S&P 500 ETF 50.3 3 4 5.4 +1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.3 10 -3 5.2 +1.2
SUSL iShares ESG MSCI USA Leaders ETF 50.0 10 -3 5.3 +1.2
ESGV Vanguard ESG U.S. Stock ETF 49.9 12 -5 5.1 +1.1
CATH Global X S&P 500 Catholic Values Custom ETF 49.7 29 -22 5.2 +1.2
VV Vanguard Large-Cap Index Fund 49.5 4 3 5.2 +1.2
HIPR Direxion High Growth ETF 49.4 40 -33 2.8 -1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 49.3 2 5 5.3 +1.2
PBUS Invesco PureBeta MSCI USA ETF 48.8 4 3 5.2 +1.2
ESGU iShares MSCI USA ESG Optimized ETF 48.8 15 -8 5.1 +1.0
VEGN US Vegan Climate ETF 48.8 60 -53 5.1 +1.1
SCHX Schwab U.S. Large-Cap ETF 47.8 3 4 5.2 +1.2
JKE iShares Morningstar Large-Cap Growth ETF 47.6 25 -18 2.8 -1.3
ESG FlexShares STOXX US ESG Impact Index Fund 47.2 32 -25 5.0 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 47.0 75 -68 4.5 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 46.6 3 4 5.5 +1.5
VONE Vanguard Russell 1000 ETF 46.3 8 -1 5.2 +1.2
SCHK Schwab 1000 Index ETF 46.3 5 2 5.2 +1.2
IWB iShares Russell 1000 ETF 46.0 15 -8 5.1 +1.1
IYY iShares Dow Jones U.S. ETF 45.9 20 -13 5.1 +1.1
SFY SoFi Select 500 ETF 45.5 0 7 5.2 +1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 45.2 75 -68 4.4 +0.4
IYW iShares U.S. Technology ETF 44.9 42 -35 3.9 -0.1
LRGE ClearBridge Large Cap Growth ESG ETF 44.7 59 -52 3.7 -0.3
SYG SPDR MFS Systematic Growth Equity ETF 44.2 60 -53 4.2 +0.2
IOO iShares Global 100 ETF 44.2 40 -33 4.6 +0.6
SCHB Schwab U.S. Broad Market ETF 43.9 3 4 5.2 +1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 43.8 3 4 5.1 +1.1
VTHR Vanguard Russell 3000 Index Fund 43.7 10 -3 5.1 +1.1
IWV iShares Russell 3000 ETF 43.6 20 -13 5.0 +1.0
VTI Vanguard Total Stock Market Index Fund 43.4 3 4 5.1 +1.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 43.2 19 -12 5.6 +1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 43.1 9 -2 5.5 +1.5
FTEC Fidelity MSCI Information Technology Index ETF 42.9 8 -1 4.5 +0.5
VGT Vanguard Information Technology Index Fund 42.9 10 -3 4.5 +0.4
XLK Technology Select Sector SPDR Fund 42.5 13 -6 4.6 +0.6
IXN iShares Global Tech ETF 42.5 46 -39 4.4 +0.4
FDMO Fidelity Momentum Factor ETF 42.2 29 -22 3.7 -0.3
RECS Columbia Research Enhanced Core ETF 42.2 15 -8 5.6 +1.6
SPMO Invesco S&P 500 Momentum ETF 41.9 13 -6 4.3 +0.3
STLG iShares Factors US Growth Style ETF 41.9 25 -18 3.6 -0.4
ADME Aptus Drawdown Managed Equity ETF 41.6 81 -74 3.5 -0.5
FQAL Fidelity Quality Factor ETF 40.7 29 -22 5.4 +1.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 40.4 15 -8 4.0 0.0
JMOM JPMorgan U.S. Momentum Factor ETF 40.4 12 -5 3.8 -0.2
JOYY Infusive Compounding Global Equities ETF 40.0 50 -43 3.7 -0.4
TECB iShares US Tech Breakthrough Multisector ETF 39.2 40 -33 3.9 -0.1
ACIO Aptus Collared Income Opportunity ETF 39.2 79 -72 4.4 +0.3
SPXT ProShares S&P 500 Ex-Technology ETF 38.6 27 -20 5.6 +1.6
SFYF SoFi 50 ETF 38.6 29 -22 4.9 +0.9
JQUA JPMorgan U.S. Quality Factor ETF 38.4 12 -5 5.2 +1.2
EXT WisdomTree U.S. Total Earnings Fund 38.2 28 -21 5.2 +1.2
KRMA Global X Conscious Companies ETF 38.0 43 -36 5.1 +1.1
EPS WisdomTree U.S. Earnings 500 Fund 37.7 8 -1 6.5 +2.4
CACG ClearBridge All Cap Growth ETF 37.3 54 -47 4.3 +0.3
FDLO Fidelity Low Volatility Factor ETF 36.8 29 -22 5.1 +1.1
ECOZ TrueMark ESG Active Opportunities ETF 36.5 58 -51 4.2 +0.2
SUSA iShares MSCI USA ESG Select ETF 36.2 25 -18 4.8 +0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.2 15 -8 6.2 +2.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.0 12 -5 4.7 +0.7
AVUS Avantis U.S. Equity ETF 36.0 15 -8 5.7 +1.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 35.9 75 -68 3.7 -0.3

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 Growth ETF
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 28.1 %
Divided by: Fwd. P/BV 6.9 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 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.