Vanguard Mega Cap Growth ETF
ALTAR
Score™
5.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.6x P/Sales
ratio
3.7x
P/BV
ratio
5.5x Div.
yield
1.2%


  • 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 21, 2007
Assets (mns) $5,028
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) $18,232,200,000,000
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 12.2 %
APPLE INC 10.3 %
AMAZON.COM INC 8.3 %
FACEBOOK 4.1 %
ALPHABET INC. CLASS A 3.5 %
ALPHABET INC. CLASS C 3.4 %
VISA INC-CLASS A SHARES 2.8 %
MASTERCARD INC-CLASS A 2.2 %
HOME DEPOT INC 2.1 %
NETFLIX INC 1.7 %
Total 50.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.4 %
BRITAIN 1.3 %
IRELAND 1.1 %








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.
-12.6% 3.3% 10.2% 12.8% 9.4%

Market Correlations
versus... Beta R-squared
S&P500 0.96 92%
MSCI EAFE 0.86 71%
MSCI Emg. Mkts. 0.63 57%

Technical Indicators
Recent close $127.08
30d moving avg. $135.89
Annualized volatility 15.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.1%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 800
Turnover 2.0%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $181,029

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™: 5.5%


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 84.0 4 3 5.4 -0.1
IWY iShares Russell Top 200 Growth ETF 79.8 20 -13 5.4 -0.1
VOOG Vanguard S&P 500 Growth ETF 71.3 10 -3 5.6 +0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 71.3 4 3 5.6 +0.2
IVW iShares S&P 500 Growth ETF 71.2 18 -11 5.5 +0.0
SCHG Schwab U.S. Large-Cap Growth ETF 69.3 4 3 5.5 -0.0
TMFC Motley Fool 100 Index ETF 68.6 50 -43 4.9 -0.6
VONG Vanguard Russell 1000 Growth Index Fund 67.8 8 -1 5.6 +0.1
IUSG iShares Core S&P US Growth ETF 67.4 4 3 5.7 +0.2
IWF iShares Russell 1000 Growth ETF 67.3 19 -12 5.5 +0.0
QYLD Global X NASDAQ 100 Covered Call ETF 63.7 60 -53 4.8 -0.6
NUSI Nationwide Risk-Managed Income ETF 63.7 68 -61 4.8 -0.7
QQQ Invesco QQQ Trust 63.4 20 -13 5.2 -0.2
IETC iShares Evolved U.S. Technology ETF 63.2 18 -11 5.2 -0.3
IGM iShares North American Tech ETF 60.4 46 -39 5.1 -0.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 58.9 21 -14 4.2 -1.3
JKE iShares Morningstar Large-Cap Growth ETF 58.1 25 -18 4.5 -0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 56.0 49 -42 5.3 -0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 55.5 60 -53 5.8 +0.3
XLG Invesco S&P 500 Top 50 ETF 55.1 20 -13 5.8 +0.4
IQSU IQ Candriam ESG US Equity ETF 53.9 9 -2 6.5 +1.1
MGC Vanguard Mega Cap Index Fund 53.8 7 0 6.7 +1.2
IWL iShares Russell Top 200 ETF 53.7 15 -8 6.5 +1.0
SFY SoFi Select 500 ETF 51.4 0 7 6.5 +1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 50.9 12 -5 6.5 +1.1
HSPX Global X S&P 500 Covered Call ETF 50.9 65 -58 6.3 +0.8
OEF iShares S&P 100 ETF 50.4 20 -13 6.2 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 50.4 27 -20 6.5 +1.0
PBP Invesco S&P 500 BuyWrite ETF 50.2 49 -42 6.5 +1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 50.2 27 -20 6.6 +1.1
VEGN US Vegan Climate ETF 50.0 60 -53 6.9 +1.4
DSI iShares MSCI KLD 400 Social ETF 49.7 25 -18 6.6 +1.1
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 49.0 29 -22 5.5 +0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 48.6 20 -13 6.5 +1.0
SNPE Xtrackers S&P 500 ESG ETF 48.4 11 -4 6.7 +1.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 47.7 75 -68 4.9 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 47.7 27 -20 6.8 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 47.4 20 -13 6.9 +1.4
SUSL iShares ESG MSCI USA Leaders ETF 47.2 10 -3 6.8 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 47.2 10 -3 6.8 +1.3
ESGV Vanguard ESG U.S. Stock ETF 46.9 12 -5 6.8 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 46.7 29 -22 6.8 +1.3
SPY SPDR S&P 500 ETF Trust 46.7 9 -2 6.9 +1.4
VOO VANGUARD S&P 500 ETF 46.6 3 4 6.9 +1.5
SPLG SPDR Portfolio Large Cap ETF 46.6 3 4 7.0 +1.5
IVV iShares Core S&P 500 ETF 46.5 4 3 6.9 +1.5
VV Vanguard Large-Cap Index Fund 46.2 4 3 6.8 +1.3
LRGE ClearBridge Large Cap Growth ESG ETF 45.7 60 -53 5.3 -0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 45.3 2 5 6.9 +1.4
PBUS Invesco PureBeta MSCI USA ETF 44.6 4 3 6.9 +1.5
SCHX Schwab U.S. Large-Cap ETF 44.0 3 4 6.9 +1.4
NACP Impact Shares NAACP Minority Empowerment ETF 43.7 75 -68 6.0 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 43.5 15 -8 6.5 +1.1
VONE Vanguard Russell 1000 ETF 43.5 8 -1 6.9 +1.4
IYW iShares U.S. Technology ETF 43.3 42 -35 5.4 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 43.0 3 4 7.1 +1.6
IWB iShares Russell 1000 ETF 42.9 15 -8 6.8 +1.3
SCHK Schwab 1000 Index ETF 42.7 5 2 6.9 +1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 42.5 75 -68 6.1 +0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 42.4 15 -8 6.7 +1.2
IYY iShares Dow Jones U.S. ETF 42.3 20 -13 6.8 +1.3
FTEC Fidelity MSCI Information Technology Index ETF 42.0 8 -1 6.0 +0.6
VGT Vanguard Information Technology Index Fund 42.0 10 -3 6.0 +0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 41.7 19 -12 7.4 +1.9
XLK Technology Select Sector SPDR Fund 41.6 13 -6 6.1 +0.7
IXN iShares Global Tech ETF 41.6 46 -39 6.0 +0.5
ESG FlexShares STOXX US ESG Impact Index Fund 41.6 32 -25 6.6 +1.1
FDMO Fidelity Momentum Factor ETF 41.4 29 -22 5.4 -0.1
VTHR Vanguard Russell 3000 Index Fund 41.0 10 -3 6.8 +1.3
SCHB Schwab U.S. Broad Market ETF 40.6 3 4 6.9 +1.4
VTI Vanguard Total Stock Market Index Fund 40.5 3 4 6.8 +1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 40.4 3 4 6.8 +1.3
IWV iShares Russell 3000 ETF 40.4 20 -13 6.7 +1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 40.4 9 -2 7.1 +1.6
RECS Columbia Research Enhanced Core ETF 40.3 15 -8 7.3 +1.8
JMOM JPMorgan U.S. Momentum Factor ETF 39.4 12 -5 5.0 -0.5
FQAL Fidelity Quality Factor ETF 39.2 29 -22 6.9 +1.4
JOYY Infusive Compounding Global Equities ETF 39.0 50 -43 5.0 -0.5
TECB iShares US Tech Breakthrough Multisector ETF 38.7 40 -33 5.3 -0.2
IOO iShares Global 100 ETF 38.5 40 -33 6.0 +0.5
SYG SPDR MFS Systematic Growth Equity ETF 38.1 60 -53 6.2 +0.7
JQUA JPMorgan U.S. Quality Factor ETF 37.4 12 -5 6.5 +1.0
CACG ClearBridge All Cap Growth ETF 36.4 54 -47 5.5 +0.0
PWB Invesco Dynamic Large Cap Growth ETF 36.1 55 -48 4.5 -1.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.0 12 -5 6.2 +0.7
SPXT ProShares S&P 500 Ex-Technology ETF 35.6 27 -20 7.2 +1.7
QUS SPDR MSCI USA StrategicFactors ETF 35.4 15 -8 7.1 +1.7
FDLO Fidelity Low Volatility Factor ETF 35.4 29 -22 6.4 +0.9
EXT WisdomTree U.S. Total Earnings Fund 35.3 28 -21 7.4 +2.0
ADME Aptus Drawdown Managed Equity ETF 35.0 81 -74 5.3 -0.2
RFFC RiverFront Dynamic US Flex-Cap ETF 34.9 52 -45 7.3 +1.8
EPS WisdomTree U.S. Earnings 500 Fund 34.5 8 -1 8.3 +2.8
IUS Invesco Strategic US ETF 33.6 19 -12 7.7 +2.3
NULC Nuveen ESG Large-Cap ETF 33.4 20 -13 6.7 +1.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 33.1 52 -45 7.6 +2.2
JHML John Hancock Multifactor Large Cap ETF 33.1 34 -27 7.2 +1.7
AVUS Avantis U.S. Equity ETF 33.0 15 -8 7.8 +2.3
QUAL iShares MSCI Usa Quality Factor ETF 32.7 15 -8 6.8 +1.3
SPMO Invesco S&P 500 Momentum ETF 32.1 13 -6 5.2 -0.3
TOK iShares MSCI Kokusai ETF 31.8 25 -18 7.2 +1.7

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

  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 28.7 %
Divided by: Fwd. P/BV 5.2 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.30 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.