Vanguard Mega Cap Value ETF
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.6x P/Sales
ratio
2.0x
P/BV
ratio
2.5x Div.
yield
2.5%


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

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group
Website www.vanguard.com
Inception date Dec 17, 2007
Assets (mns) $3,629
Currency USD
Expense ratio 7 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian #N/A Field Not Applicable
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 143
Wgt avg mkt cap (mns) $200,738
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
JOHNSON & JOHNSON 3.9 %
BERKSHIRE HATHAWAY INC-CL B 3.8 %
JPMORGAN CHASE & CO 3.7 %
UNITEDHEALTH GROUP INC 3.0 %
PROCTER & GAMBLE CO/THE 2.9 %
WALT DISNEY CO/THE 2.8 %
BANK OF AMERICA CORP 2.2 %
VERIZON COMMUNICATIONS INC 2.1 %
INTEL CORP 2.1 %
COMCAST CORP-CL A 2.0 %
Total 28.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 105.0 %
IRELAND 2.5 %
SWITZERLAND 0.9 %
BRITAIN 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.4% 2.4% 11.0% 11.3% 7.2%

Market Correlations
versus... Beta R-squared
S&P500 0.94 94%
MSCI EAFE 0.91 87%
MSCI Emg. Mkts. 0.72 68%

Technical Indicators
Recent close $88.44
30d moving avg. $87.50
Annualized volatility 18.3%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.7%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 174
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $77,007

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Vanguard Mega Cap Value ETF ETF based on the alternatives' overlap in portfolio holdings with MGV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MGV Expense: 7 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MGV
Ticker Fund
Name
Overlap1
vs MGV
(%)
Expense
ratio
(bp)
Savings
vs MGV
(bp)
ALTAR
Score™
(%)
ALTAR
vs MGV
(%)
VTV Vanguard Value Index Fund 83.9 4 3 6.6 +0.1
IWX iShares Russell Top 200 Value ETF 79.4 20 -13 6.1 -0.4
VOOV Vanguard S&P 500 Value ETF 75.5 10 -3 6.6 +0.1
VYM Vanguard High Dividend Yield Index ETF 73.0 6 1 6.7 +0.2
JKF iShares Morningstar Large Cap Value ETF 72.0 25 -18 6.7 +0.2
SPYV SPDR Portfolio S&P 500 Value ETF 64.2 4 3 6.5 -0.0
IVE iShares S&P 500 Value ETF 64.1 18 -11 6.3 -0.2
SCHV Schwab U.S. Large-Cap Value ETF 61.4 4 3 6.1 -0.4
IUSV iShares Core S&P U.S. Value ETF 60.0 4 3 6.5 -0.0
VONV Vanguard Russell 1000 Value Index Fund 59.2 8 -1 6.2 -0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 58.1 28 -21 6.1 -0.4
IWD iShares Russell 1000 Value ETF 56.4 19 -12 6.1 -0.4
DGRO iShares Core Dividend Growth ETF 55.4 8 -1 6.0 -0.5
DIVB iShares U.S. Dividend & Buyback ETF 54.6 25 -18 5.9 -0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 54.1 25 -18 5.6 -0.9
DTD WisdomTree U.S.Total Dividend Fund 52.7 28 -21 6.2 -0.3
RAFE PIMCO RAFI ESG U.S. ETF 52.5 30 -23 6.7 +0.2
PFM Invesco Dividend Achievers ETF 52.1 53 -46 5.0 -1.5
EPS WisdomTree U.S. Earnings 500 Fund 50.3 8 -1 5.9 -0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 49.9 25 -18 5.7 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 49.2 27 -20 4.9 -1.6
PRF Invesco FTSE RAFI US 1000 ETF 49.1 39 -32 5.7 -0.8
FDRR Fidelity Dividend ETF for Rising Rates 48.0 29 -22 5.9 -0.6
OUSA O'Shares FTSE US Quality Dividend ETF 46.2 48 -41 5.5 -1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 46.0 25 -18 5.7 -0.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 46.0 28 -21 6.0 -0.5
MGC Vanguard Mega Cap Index Fund 46.0 7 0 4.6 -1.9
QUS SPDR MSCI USA StrategicFactors ETF 45.7 15 -8 5.3 -1.2
RWL Invesco S&P 500 Revenue ETF 45.6 39 -32 6.3 -0.2
OEF iShares S&P 100 ETF 45.4 20 -13 4.2 -2.3
VLU SPDR S&P 1500 Value Tilt ETF 44.6 12 -5 6.2 -0.3
NACP Impact Shares NAACP Minority Empowerment ETF 44.5 49 -42 4.7 -1.8
IWL iShares Russell Top 200 ETF 43.8 15 -8 4.4 -2.1
ESG FlexShares STOXX US ESG Impact Index Fund 43.7 32 -25 4.5 -2.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 43.6 12 -5 4.9 -1.6
PWV Invesco Dynamic Large Cap Value ETF 43.2 56 -49 6.9 +0.4
IUS Invesco Strategic US ETF 42.7 19 -12 5.5 -1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 42.2 0 7 4.4 -2.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 40.9 15 -8 4.7 -1.8
ESGV Vanguard ESG U.S. Stock ETF 40.8 12 -5 4.5 -2.0
PBP Invesco S&P 500 BuyWrite ETF 40.3 49 -42 4.3 -2.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 40.1 20 -13 4.6 -1.9
XYLG Global X S&P 500 Covered Call & Growth ETF 39.7 60 -53 4.4 -2.1
JVAL JPMorgan U.S. Value Factor ETF 39.4 12 -5 7.1 +0.7
EFIV SPDR S&P 500 ESG ETF 39.3 10 -3 4.6 -1.9
SNPE Xtrackers S&P 500 ESG ETF 39.3 10 -3 4.6 -1.9
VIG Vanguard Dividend Appreciation Index Fund 39.1 6 1 5.0 -1.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 39.1 20 -13 4.8 -1.7
SPY SPDR S&P 500 ETF Trust 39.0 9 -2 4.7 -1.8
IVV iShares Core S&P 500 ETF 39.0 3 4 4.7 -1.8
SPLG SPDR Portfolio Large Cap ETF 38.9 3 4 4.7 -1.8
XLG Invesco S&P 500 Top 50 ETF 38.9 20 -13 4.0 -2.5
VOO VANGUARD S&P 500 ETF 38.3 3 4 4.8 -1.7
CCOR Core Alternative ETF 38.0 109 -102 4.2 -2.3
SPQQ Siren Large Cap Blend Index ETF 38.0 20 -13 4.2 -2.3
SPXE ProShares S&P 500 Ex-Energy ETF 38.0 27 -20 4.6 -1.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 37.8 19 -12 5.3 -1.2
REVS Columbia Research Enhanced Value ETF 37.7 19 -12 6.7 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 37.7 7 0 4.5 -2.0
SFY SoFi Select 500 ETF 37.6 0 7 4.6 -1.9
SIXA 6 Meridian Mega Cap Equity ETF 37.5 82 -75 5.8 -0.7
NULV Nuveen ESG Large-Cap Value ETF 37.2 35 -28 6.1 -0.4
VV Vanguard Large-Cap Index Fund 37.2 4 3 4.6 -1.9
FVAL Fidelity Value Factor ETF 37.2 29 -22 6.8 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 36.8 2 5 4.6 -1.9
FDVV Fidelity Core Dividend ETF 36.7 29 -22 6.1 -0.4
PBUS Invesco PureBeta MSCI USA ETF 36.5 4 3 4.6 -1.9
EDOW First Trust Dow 30 Equal Weight ETF 36.5 50 -43 5.1 -1.4
RNDV US Equity Dividend Select ETF 36.4 50 -43 7.3 +0.8
FMK First Trust Mega Cap AlphaDEX Fund 36.1 70 -63 0.0 -6.5
CATH Global X S&P 500 Catholic Values Custom ETF 36.1 29 -22 4.6 -1.9
WOMN Impact Shares YWCA Women's Empowerment ETF 35.7 75 -68 3.5 -3.0
ESGU iShares MSCI USA ESG Optimized ETF 35.7 15 -8 4.4 -2.1
SCHX Schwab U.S. Large-Cap ETF 35.6 3 4 4.6 -1.9
HLAL Wahed FTSE USA Shariah ETF 35.6 50 -43 3.8 -2.7
FLQL Franklin LibertyQ U.S. Equity ETF 35.6 15 -8 5.9 -0.6
SPTM SPDR Portfolio Total Stock Market ETF 35.5 3 4 4.8 -1.7
IQSU IQ Candriam ESG US Equity ETF 35.5 9 -2 4.5 -2.0
FLV American Century Focused Large Cap Value ETF 35.4 42 -35 5.8 -0.7
XVV iShares ESG Screened S&P 500 ETF 35.3 8 -1 4.9 -1.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 35.2 15 -8 0.0 -6.5
SPXN ProShares S&P 500 Ex-Financials ETF 35.0 27 -20 4.3 -2.2
SCHK Schwab 1000 Index ETF 34.7 5 2 4.6 -1.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 34.6 10 -3 4.8 -1.7
SUSL iShares ESG MSCI USA Leaders ETF 34.6 10 -3 4.8 -1.7
SPXV ProShares S&P 500 Ex-Health Care ETF 34.5 27 -20 4.3 -2.2
IWB iShares Russell 1000 ETF 34.4 15 -8 4.5 -2.0
IYY iShares Dow Jones U.S. ETF 34.3 20 -13 4.4 -2.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 34.2 75 -68 5.3 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 34.2 30 -23 5.1 -1.4
QDEF FlexShares Quality Dividend Defensive Index Fund 34.1 37 -30 5.4 -1.1
FLLV Franklin Liberty U.S. Low Volatility ETF 34.0 29 -22 4.9 -1.6
FTA First Trust Large Cap Value AlphaDEX Fund 33.4 60 -53 7.4 +0.9
JHML John Hancock Multifactor Large Cap ETF 33.4 29 -22 4.9 -1.6
VTHR Vanguard Russell 3000 Index Fund 33.3 10 -3 4.4 -2.1
ROUS Hartford Multifactor US Equity ETF 32.7 19 -12 5.8 -0.7
DFAU Dimensional US Core Equity Market ETF 32.6 12 -5 4.7 -1.8

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 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.2 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.49
 
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.