Vanguard Small-Cap ETF
ALTAR
Score™
4.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
42.1x P/Sales
ratio
1.8x
P/BV
ratio
2.6x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Small-Cap ETF seeks to track the performance of the MSCI US Small Market 1750 Index. The Fund invests all of its assets in the stocks that make up the Index, holding each stock in the

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 26, 2004
Assets (mns) $40,507
Currency USD
Expense ratio 5 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian JPMorgan Chase Bank
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1405
Wgt avg mkt cap (mns) $6,508
Large cap (>$10bn) 20.2%
Mid cap ($2-10bn) 68.6%
Small cap (<$2bn) 9.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ETSY, INC. 0.5 %
TERADYNE INC 0.4 %
ZEBRA TECHNOLOGIES CORP-CL A 0.4 %
ENPHASE ENERGY INC 0.4 %
VEREIT, INC. CLASS A 0.4 %
CATALENT INC 0.3 %
INSULET CORP 0.3 %
HORIZON PHARMA PLC 0.3 %
HUBSPOT INC 0.3 %
PERKINELMER INC 0.3 %
Total 3.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 80.2 %
BERMUDA 1.0 %
IRELAND 0.9 %
BRITAIN 0.8 %
PUERTO RICO 0.2 %
CAYMAN ISLANDS 0.2 %
CANADA 0.1 %
SWITZERLAND 0.0 %
NETHERLANDS 0.0 %


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.
19.2% 19.2% 13.6% 12.0% 10.1%

Market Correlations
versus... Beta R-squared
S&P500 1.23 88%
MSCI EAFE 1.18 80%
MSCI Emg. Mkts. 0.97 70%

Technical Indicators
Recent close $205.36
30d moving avg. $195.55
Annualized volatility 24.6%
Short interest (ETF) 0.7%
Short interest (Underlying) 6.2%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 897
Turnover 0.5%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $71,765

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VB Expense: 5 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VB
Ticker Fund
Name
Overlap1
vs VB
(%)
Expense
ratio
(bp)
Savings
vs VB
(bp)
ALTAR
Score™
(%)
ALTAR
vs VB
(%)
PBSM Invesco PureBeta MSCI USA Small Cap ETF 63.8 6 -1 4.1 -0.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 54.9 17 -12 4.1 -0.4
VXF Vanguard Extended Market Index Fund 50.7 6 -1 2.5 -1.9
SCHA Schwab U.S. Small-Cap ETF 49.4 4 1 3.6 -0.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 49.0 7 -2 3.9 -0.5
VBR Vanguard Small Cap Value Index Fund 48.2 7 -2 6.4 +2.0
SCHM Schwab U.S. Mid-Cap ETF 47.7 4 1 5.0 +0.6
SFYX Sofi Next 500 ETF 46.7 0 5 4.9 +0.4
BKSE BNY Mellon US Small Cap Core Equity ETF 45.5 4 1 4.7 +0.3
SMMD iShares Russell 2500 ETF 42.6 15 -10 4.7 +0.3
JHMM John Hancock Multifactor Mid Cap ETF 38.9 42 -37 4.7 +0.3
FSMD Fidelity Small-Mid Factor ETF 38.8 29 -24 5.3 +0.8
VBK Vanguard Small-Cap Growth Index Fund 38.0 7 -2 1.9 -2.5
FNX First Trust Mid Cap Core AlphaDEX Fund 37.1 61 -56 5.1 +0.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 36.9 25 -20 4.8 +0.4
IVOO Vanguard S&P Mid-Cap 400 ETF 36.6 10 -5 5.3 +0.9
IJH iShares Core S&P Mid-Cap ETF 36.2 5 0 5.4 +0.9
SPMD SPDR Portfolio Mid Cap ETF 36.2 5 0 5.4 +0.9
MDY SPDR S&P Midcap 400 ETF Trust 36.2 23 -18 5.2 +0.7
EWMC Invesco S&P MidCap 400 Equal Weight ETF 36.1 40 -35 5.7 +1.2
IUSS Invesco Strategic US Small Company ETF 35.3 23 -18 3.7 -0.8
SMDY Syntax Stratified MidCap ETF 33.5 30 -25 5.2 +0.7
EZM WisdomTree U.S. MidCap Earnings Fund 32.4 38 -33 7.6 +3.1
VTWO Vanguard Russell 2000 Index Fund 32.1 10 -5 2.7 -1.8
IWM iShares Russell 2000 ETF 32.0 19 -14 2.5 -1.9
TUSA First Trust Total US Market AlphaDEX ETF 32.0 70 -65 4.8 +0.4
RWK Invesco S&P MidCap 400 Revenue ETF 30.3 39 -34 6.4 +2.0
IWS iShares Russell Mid-Cap Value ETF 30.2 24 -19 6.0 +1.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 29.9 66 -61 1.8 -2.6
EQAL Invesco Russell 1000 Equal Weight ETF 29.7 20 -15 5.0 +0.6
IWR iShares Russell Midcap ETF 29.7 19 -14 4.7 +0.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 29.7 20 -15 3.9 -0.6
RNMC Mid Cap US Equity Select ETF 29.4 60 -55 6.1 +1.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 28.8 39 -34 3.5 -0.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 28.5 20 -15 7.1 +2.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 28.0 25 -20 5.0 +0.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 27.0 29 -24 6.0 +1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 26.9 20 -15 5.6 +1.2
NUSC Nuveen ESG Small-Cap ETF 26.4 40 -35 4.0 -0.4
AFMC First Trust Active Factor Mid Cap ETF 26.3 65 -60 5.3 +0.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 26.1 29 -24 7.3 +2.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 25.3 15 -10 4.2 -0.2
DON WisdomTree U.S. MidCap Dividend Fund 24.7 38 -33 6.7 +2.2
MDYV SPDR S&P 400 Mid Cap Value ETF 24.4 15 -10 6.9 +2.5
IJJ iShares S&P Mid-Cap 400 Value ETF 24.4 18 -13 6.9 +2.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 23.9 15 -10 3.8 -0.7
IJK iShares S&P Mid-Cap 400 Growth ETF 23.9 17 -12 3.8 -0.7
VFVA Vanguard U.S. Value Factor ETF 23.9 14 -9 8.5 +4.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 23.9 15 -10 6.7 +2.3
FAB First Trust Multi Cap Value AlphaDEX Fund 23.7 71 -66 7.5 +3.1
VFQY Vanguard U.S. Quality Factor ETF 23.4 13 -8 5.3 +0.9
JHSC John Hancock Multifactor Small Cap ETF 22.8 42 -37 4.6 +0.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 22.7 17 -12 5.7 +1.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 22.4 20 -15 6.2 +1.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 21.9 29 -24 4.3 -0.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 21.8 9 -4 3.3 -1.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 21.6 39 -34 4.0 -0.4
AVUS Avantis U.S. Equity ETF 21.5 15 -10 4.9 +0.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 21.3 24 -19 5.5 +1.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 20.8 70 -65 1.6 -2.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 20.8 24 -19 5.0 +0.5
VFLQ Vanguard U.S. Liquidity Factor ETF 20.6 14 -9 3.5 -1.0
VFMO Vanguard U.S. Momentum Factor ETF 20.5 13 -8 1.4 -3.1
STMB iShares Factors US Mid Blend Style ETF 19.8 30 -25 5.0 +0.5
STSB iShares Factors US Small Blend Style ETF 19.7 35 -30 3.0 -1.5
IWN iShares Russell 2000 Value ETF 19.6 24 -19 5.1 +0.6
VTWV Vanguard Russell 2000 Value Index Fund 19.5 15 -10 5.2 +0.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 19.4 4 1 4.9 +0.4
VFMF Vanguard U.S. Multifactor ETF 18.9 19 -14 6.2 +1.8
IWO iShares Russell 2000 Growth ETF 18.7 24 -19 -0.1 -4.6
VTWG Vanguard Russell 2000 Growth Index Fund 18.6 15 -10 0.1 -4.4
FNK First Trust Mid Cap Value AlphaDEX Fund 18.6 70 -65 7.8 +3.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 18.2 30 -25 5.1 +0.7
IWP iShares Russell Mid-Cap Growth ETF 18.1 24 -19 2.7 -1.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 17.2 35 -30 5.1 +0.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 17.2 35 -30 5.1 +0.6
TPLC Timothy Plan US Large Cap Core ETF 16.9 52 -47 4.5 +0.0
BFOR Barron's 400 ETF 16.9 65 -60 5.6 +1.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.8 35 -30 5.1 +0.7
ESGV Vanguard ESG U.S. Stock ETF 16.6 12 -7 4.6 +0.1
JKJ iShares Morningstar Small-Cap ETF 16.5 25 -20 5.1 +0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 16.4 25 -20 5.7 +1.3
JKL iShares Morningstar Small Cap Value ETF 16.4 30 -25 7.6 +3.1
VLU SPDR S&P 1500 Value Tilt ETF 16.3 12 -7 6.2 +1.7
ONEY SPDR Russell 1000 Yield Focus ETF 15.8 20 -15 7.2 +2.8
JKH iShares Morningstar Mid-Cap Growth ETF 15.4 30 -25 1.9 -2.5
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 15.0 15 -10 6.0 +1.5
FYX First Trust Small Cap Core AlphaDEX Fund 15.0 63 -58 5.5 +1.0
DFAU Dimensional US Core Equity Market ETF 14.6 12 -7 4.7 +0.3
JVAL JPMorgan U.S. Value Factor ETF 14.4 12 -7 7.2 +2.8
SIZE iShares MSCI USA Size Factor ETF 14.3 15 -10 5.2 +0.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 14.3 20 -15 3.7 -0.8
EUSA iShares MSCI USA Equal Weighted ETF 14.1 15 -10 5.1 +0.7
AFSM First Trust Active Factor Small Cap ETF 14.0 77 -72 4.4 -0.0
VIS Vanguard Industrials Index Fund 13.7 10 -5 4.7 +0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 13.6 75 -70 2.1 -2.4
JMOM JPMorgan U.S. Momentum Factor ETF 13.5 12 -7 3.0 -1.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 13.4 29 -24 -0.3 -4.7
PRF Invesco FTSE RAFI US 1000 ETF 13.3 39 -34 5.8 +1.4
JSTC Adasina Social Justice All Cap Global ETF 13.3 89 -84 5.4 +1.0

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 Small-Cap 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 11.0 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 5 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.