Vanguard Small-Cap Growth Index Fund
ALTAR
Score™
2.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
76.3x P/Sales
ratio
3.7x
P/BV
ratio
4.2x Div.
yield
0.7%


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

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 26, 2004
Assets (mns) $11,273
Currency USD
Expense ratio 7 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 599
Wgt avg mkt cap (mns) $6,725
Large cap (>$10bn) 24.3%
Mid cap ($2-10bn) 66.1%
Small cap (<$2bn) 9.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COUPA SOFTWARE, INC. 1.0 %
ETSY, INC. 0.8 %
EPAM SYSTEMS INC 0.8 %
ZEBRA TECHNOLOGIES CORP-CL A 0.8 %
TERADYNE INC 0.8 %
HORIZON PHARMA PLC 0.8 %
TELADOC INC 0.8 %
CATALENT INC 0.8 %
INSULET CORP 0.8 %
POOL CORP 0.7 %
Total 7.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.9 %
IRELAND 1.3 %
BERMUDA 0.6 %
BRITAIN 0.4 %
NETHERLANDS 0.2 %
CAYMAN ISLANDS 0.2 %
CANADA 0.1 %
SWITZERLAND 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.6% 12.2% 10.4% 13.8% 10.0%

Market Correlations
versus... Beta R-squared
S&P500 1.24 88%
MSCI EAFE 1.22 72%
MSCI Emg. Mkts. 0.85 57%

Technical Indicators
Recent close $215.99
30d moving avg. $208.79
Annualized volatility 22.7%
Short interest (ETF) 0.3%
Short interest (Underlying) 7.2%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 199
Turnover 0.4%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $27,149

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VBK Expense: 7 bp ALTAR Score™: 2.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VBK
Ticker Fund
Name
Overlap1
vs VBK
(%)
Expense
ratio
(bp)
Savings
vs VBK
(bp)
ALTAR
Score™
(%)
ALTAR
vs VBK
(%)
VB Vanguard Small-Cap ETF 48.8 5 2 5.2 +3.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 48.2 7 0 5.2 +3.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 43.3 6 1 5.0 +2.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 43.0 70 -63 2.0 -0.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 42.3 17 -10 4.8 +2.6
SFYX Sofi Next 500 ETF 40.9 0 7 5.7 +3.5
SCHA Schwab U.S. Small-Cap ETF 40.1 4 3 4.4 +2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 39.7 4 3 5.7 +3.6
MDY SPDR S&P Midcap 400 ETF Trust 37.1 23 -16 6.0 +3.8
SPMD SPDR Portfolio Mid Cap ETF 37.1 5 2 6.2 +4.0
IJH iShares Core S&P Mid-Cap ETF 37.1 6 1 6.2 +4.0
IVOO Vanguard S&P Mid-Cap 400 ETF 36.3 10 -3 6.1 +3.9
SCHM Schwab U.S. Mid-Cap ETF 36.2 4 3 5.9 +3.7
FNX First Trust Mid Cap Core AlphaDEX Fund 35.1 61 -54 6.3 +4.1
FSMD Fidelity Small-Mid Factor ETF 35.1 29 -22 6.6 +4.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 34.9 15 -8 4.7 +2.5
IJK iShares S&P Mid-Cap 400 Growth ETF 34.9 24 -17 4.6 +2.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 34.1 15 -8 4.7 +2.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 33.4 66 -59 2.2 +0.0
VXF Vanguard Extended Market Index Fund 33.0 7 0 3.5 +1.3
IWM iShares Russell 2000 ETF 31.9 19 -12 3.4 +1.2
JKK iShares Morningstar Small-Cap Growth ETF 31.8 30 -23 1.1 -1.1
VTWO Vanguard Russell 2000 Index Fund 31.6 10 -3 3.5 +1.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 29.1 40 -33 6.6 +4.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 28.4 39 -32 3.9 +1.7
VTWG Vanguard Russell 2000 Growth Index Fund 27.9 15 -8 -0.0 -2.2
IWO iShares Russell 2000 Growth ETF 27.8 24 -17 -0.1 -2.3
NUSC Nuveen ESG Small-Cap ETF 27.4 40 -33 4.8 +2.6
SMDY Syntax Stratified MidCap ETF 27.4 30 -23 5.9 +3.7
IWP iShares Russell Mid-Cap Growth ETF 27.2 24 -17 2.9 +0.7
JHSC John Hancock Multifactor Small Cap ETF 27.0 42 -35 5.6 +3.4
JKH iShares Morningstar Mid-Cap Growth ETF 26.6 30 -23 2.2 -0.0
IUSS Invesco Strategic US Small Company ETF 26.2 23 -16 4.9 +2.8
EZM WisdomTree U.S. MidCap Earnings Fund 24.4 38 -31 8.6 +6.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 24.0 20 -13 4.7 +2.6
SMMD iShares Russell 2500 ETF 23.7 15 -8 5.6 +3.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 23.5 25 -18 6.0 +3.9
AFMC First Trust Active Factor Mid Cap ETF 23.2 65 -58 5.9 +3.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 20.7 30 -23 5.4 +3.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 20.7 35 -28 3.8 +1.6
JHMM John Hancock Multifactor Mid Cap ETF 20.6 42 -35 5.4 +3.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 20.3 24 -17 6.5 +4.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 20.1 29 -22 4.6 +2.4
VFMO Vanguard U.S. Momentum Factor ETF 19.7 13 -6 0.1 -2.1
RNMC Mid Cap US Equity Select ETF 19.6 60 -53 7.1 +4.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 19.6 20 -13 8.9 +6.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.4 20 -13 4.5 +2.3
EQAL Invesco Russell 1000 Equal Weight ETF 17.1 20 -13 5.4 +3.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 16.8 24 -17 5.9 +3.7
XSW SPDR S&P Software & Services ETF 16.8 35 -28 3.9 +1.7
TUSA First Trust Total US Market AlphaDEX ETF 16.7 70 -63 5.6 +3.4
AFSM First Trust Active Factor Small Cap ETF 16.6 75 -68 5.2 +3.0
IWR iShares Russell Midcap ETF 16.5 19 -12 5.4 +3.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 16.5 29 -22 0.0 -2.2
TPLC Timothy Plan US Large Cap Core ETF 16.3 52 -45 5.1 +2.9
RWK Invesco S&P MidCap 400 Revenue ETF 14.8 39 -32 7.3 +5.1
ONEO SPDR Russell 1000 Momentum Focus ETF 14.7 20 -13 6.1 +4.0
BFOR Barron's 400 ETF 14.4 65 -58 5.9 +3.8
IGV iShares North American Tech-Software ETF 14.3 46 -39 2.5 +0.3
DON WisdomTree U.S. MidCap Dividend Fund 14.2 38 -31 7.3 +5.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 14.0 29 -22 6.6 +4.4
VFLQ Vanguard U.S. Liquidity Factor ETF 13.9 14 -7 4.4 +2.2
USMF WisdomTree U.S. Multifactor Fund 13.8 28 -21 5.3 +3.1
VFQY Vanguard U.S. Quality Factor ETF 13.6 13 -6 5.7 +3.5
IJJ iShares S&P Mid-Cap 400 Value ETF 13.5 25 -18 8.0 +5.8
MDYV SPDR S&P 400 Mid Cap Value ETF 13.5 15 -8 8.1 +5.9
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 13.5 48 -41 5.3 +3.1
JMOM JPMorgan U.S. Momentum Factor ETF 13.5 12 -5 3.6 +1.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 13.4 30 -23 5.4 +3.2
JHMT John Hancock Multifactor Technology ETF 13.1 40 -33 4.8 +2.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 13.0 4 3 5.3 +3.2
FYX First Trust Small Cap Core AlphaDEX Fund 13.0 63 -56 6.1 +3.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 12.7 15 -8 8.1 +5.9
VIOO Vanguard S&P Small-Cap 600 ETF 12.7 10 -3 6.5 +4.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 12.5 80 -73 5.0 +2.8
QGRO American Century STOXX U.S. Quality Growth ETF 12.4 29 -22 3.1 +0.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 12.4 17 -10 6.1 +3.9
FXH First Trust Health Care AlphaDEX Fund 12.3 62 -55 3.9 +1.7
ISMD Inspire Small/Mid Cap Impact ETF 12.3 60 -53 6.0 +3.8
SPSM SPDR Portfolio Small Cap ETF 12.2 5 2 6.5 +4.3
IJR iShares Core S&P Small Cap ETF 12.2 7 0 6.5 +4.3
SLY SPDR S&P 600 Small Cap ETF 12.2 15 -8 6.4 +4.3
IEIH iShares Evolved U.S. Innovative Healthcare ETF 12.1 18 -11 3.1 +0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 12.1 35 -28 5.2 +3.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 12.1 16 -9 4.9 +2.8
FXL First Trust Technology AlphaDEX Fund 12.0 61 -54 3.3 +1.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 12.0 35 -28 5.6 +3.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 12.0 35 -28 5.6 +3.4
JKJ iShares Morningstar Small-Cap ETF 11.9 25 -18 6.3 +4.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 11.8 40 -33 6.0 +3.8
BOSS Global X Founder-Run Companies ETF 11.8 45 -38 3.5 +1.3
PDP Invesco DWA Momentum ETF 11.8 62 -55 2.3 +0.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 11.7 20 -13 6.7 +4.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 11.7 35 -28 5.7 +3.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 11.6 30 -23 7.2 +5.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 11.5 75 -68 1.2 -1.0
SLYG SPDR S&P 600 Small Cap Growth ETF 11.3 15 -8 5.0 +2.9
IJT iShares S&P Small-Cap 600 Growth ETF 11.3 25 -18 4.9 +2.8
XMMO Invesco S&P MidCap Momentum ETF 11.1 39 -32 4.3 +2.1
IBB iShares NASDAQ Biotechnology ETF 10.8 47 -40 0.3 -1.9

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 Growth Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.0 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 2.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.