Vanguard Small-Cap Growth Index Fund
ALTAR
Score™
2.6% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
68.8x P/Sales
ratio
3.3x
P/BV
ratio
3.7x Div.
yield
0.8%


  • 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 30, 2004
Assets (mns) $10,094
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 573
Wgt avg mkt cap (mns) $6,447
Large cap (>$10bn) 21.1%
Mid cap ($2-10bn) 68.5%
Small cap (<$2bn) 10.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOCUSIGN, INC. 1.2 %
WEST PHARMACEUTICAL SERVICES 1.0 %
TYLER TECHNOLOGIES INC 0.9 %
MODERNA, INC. 0.9 %
COUPA SOFTWARE, INC. 0.9 %
ZEBRA TECHNOLOGIES CORP-CL A 0.8 %
TELEDYNE TECHNOLOGIES INC 0.8 %
TELADOC INC 0.8 %
TRADE DESK, INC. CLASS A 0.7 %
EPAM SYSTEMS INC 0.7 %
Total 8.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
IRELAND 1.2 %
BERMUDA 0.6 %
BRITAIN 0.3 %
NETHERLANDS 0.3 %
CAYMAN ISLANDS 0.1 %
CANADA 0.1 %
SWITZERLAND 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.2% 12.3% 8.6% 12.8% 9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.25 88%
MSCI EAFE 1.21 72%
MSCI Emg. Mkts. 0.88 57%

Technical Indicators
Recent close $195.98
30d moving avg. $178.55
Annualized volatility 22.5%
Short interest (ETF) 0.5%
Short interest (Underlying) 7.2%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 306
Turnover 0.6%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $30,748

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™: 2.6%


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 52.6 5 2 5.5 +3.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 50.4 7 0 5.6 +3.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 46.4 6 1 5.2 +2.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 41.6 70 -63 2.1 -0.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 41.3 17 -10 4.9 +2.4
SFYX Sofi Next 500 ETF 40.8 0 7 6.0 +3.4
SCHA Schwab U.S. Small-Cap ETF 40.6 4 3 4.9 +2.4
SCHM Schwab U.S. Mid-Cap ETF 38.3 4 3 6.4 +3.9
IVOO Vanguard S&P Mid-Cap 400 ETF 37.8 10 -3 6.3 +3.8
MDY SPDR S&P Midcap 400 ETF Trust 37.3 23 -16 6.3 +3.7
IJH iShares Core S&P Mid-Cap ETF 37.3 6 1 6.5 +3.9
SPMD SPDR Portfolio Mid Cap ETF 37.3 5 2 6.5 +3.9
IWM iShares Russell 2000 ETF 37.2 19 -12 3.7 +1.1
VXF Vanguard Extended Market Index Fund 36.5 7 0 3.9 +1.3
VTWO Vanguard Russell 2000 Index Fund 36.0 10 -3 3.7 +1.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 35.5 15 -8 4.8 +2.2
IJK iShares S&P Mid-Cap 400 Growth ETF 35.1 24 -17 4.8 +2.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 35.1 15 -8 4.9 +2.3
FSMD Fidelity Small-Mid Factor ETF 34.8 29 -22 7.0 +4.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 34.1 66 -59 2.6 +0.1
FNX First Trust Mid Cap Core AlphaDEX Fund 34.0 61 -54 6.7 +4.2
IWO iShares Russell 2000 Growth ETF 33.8 24 -17 0.8 -1.8
VTWG Vanguard Russell 2000 Growth Index Fund 33.7 15 -8 0.8 -1.7
IUSS Invesco Strategic US Small Company ETF 32.0 23 -16 6.0 +3.4
JKK iShares Morningstar Small-Cap Growth ETF 31.7 30 -23 1.4 -1.2
NUSC Nuveen ESG Small-Cap ETF 30.6 40 -33 5.0 +2.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 29.4 39 -32 4.4 +1.9
JKH iShares Morningstar Mid-Cap Growth ETF 27.7 30 -23 2.5 -0.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 27.4 40 -33 6.8 +4.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 27.2 20 -13 6.2 +3.6
JHSC John Hancock Multifactor Small Cap ETF 26.8 50 -43 5.9 +3.3
SMDY Syntax Stratified MidCap ETF 26.5 30 -23 6.3 +3.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 25.3 25 -18 6.5 +4.0
EZM WisdomTree U.S. MidCap Earnings Fund 25.1 38 -31 9.3 +6.8
SMMD iShares Russell 2500 ETF 24.9 15 -8 5.5 +3.0
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 24.8 39 -32 6.3 +3.8
AFMC First Trust Active Factor Mid Cap ETF 23.9 65 -58 6.2 +3.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 23.7 29 -22 6.0 +3.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 22.5 35 -28 5.3 +2.7
IWP iShares Russell Mid-Cap Growth ETF 21.6 24 -17 4.2 +1.7
JHMM John Hancock Multifactor Mid Cap ETF 21.2 44 -37 5.8 +3.3
RNMC Mid Cap US Equity Select ETF 20.7 60 -53 7.9 +5.4
RFG Invesco S&P Midcap 400 Pure Growth ETF 20.6 35 -28 3.8 +1.2
VFMO Vanguard U.S. Momentum Factor ETF 20.2 13 -6 2.1 -0.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 19.8 24 -17 7.7 +5.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 19.6 20 -13 9.7 +7.1
XSW SPDR S&P Software & Services ETF 19.0 35 -28 3.5 +0.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.1 20 -13 6.0 +3.5
TPLC Timothy Plan US Large Cap Core ETF 17.4 52 -45 5.5 +2.9
TUSA First Trust Total US Market AlphaDEX ETF 17.3 70 -63 6.2 +3.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 16.8 29 -22 1.9 -0.7
EQAL Invesco Russell 1000 Equal Weight ETF 16.4 20 -13 5.1 +2.6
IGV iShares North American Tech-Software ETF 16.4 46 -39 2.6 +0.0
RWK Invesco S&P MidCap 400 Revenue ETF 15.8 39 -32 7.6 +5.0
AFSM First Trust Active Factor Small Cap ETF 15.7 75 -68 5.8 +3.2
IWR iShares Russell Midcap ETF 15.1 19 -12 5.7 +3.2
PDP Invesco DWA Momentum ETF 14.8 62 -55 2.8 +0.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 14.8 29 -22 6.8 +4.2
VFLQ Vanguard U.S. Liquidity Factor ETF 14.7 13 -6 3.5 +1.0
DON WisdomTree U.S. MidCap Dividend Fund 14.4 38 -31 7.8 +5.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 14.3 24 -17 6.1 +3.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 14.2 35 -28 5.9 +3.3
BFOR Barron's 400 ETF 14.2 66 -59 6.4 +3.8
VFQY Vanguard U.S. Quality Factor ETF 13.9 13 -6 6.1 +3.6
JHMT John Hancock Multifactor Technology ETF 13.9 40 -33 5.2 +2.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 13.9 80 -73 5.5 +3.0
QGRO American Century STOXX U.S. Quality Growth ETF 13.8 29 -22 3.1 +0.6
MDYV SPDR S&P 400 Mid Cap Value ETF 13.3 15 -8 8.4 +5.9
IJJ iShares S&P Mid-Cap 400 Value ETF 13.3 25 -18 8.3 +5.8
ONEO SPDR Russell 1000 Momentum Focus ETF 13.2 20 -13 6.6 +4.1
BOSS Global X Founder-Run Companies ETF 12.9 45 -38 3.8 +1.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 12.9 15 -8 8.5 +6.0
XMMO Invesco S&P MidCap Momentum ETF 12.9 39 -32 4.4 +1.8
SPSM SPDR Portfolio Small Cap ETF 12.5 5 2 7.2 +4.7
IJR iShares Core S&P Small Cap ETF 12.5 7 0 7.2 +4.6
SLY SPDR S&P 600 Small Cap ETF 12.5 15 -8 7.1 +4.5
JMOM JPMorgan U.S. Momentum Factor ETF 12.4 12 -5 3.9 +1.4
VIOO Vanguard S&P Small-Cap 600 ETF 12.4 10 -3 7.1 +4.5
IEIH iShares Evolved U.S. Innovative Healthcare ETF 12.3 18 -11 4.0 +1.4
ISMD Inspire Small/Mid Cap Impact ETF 12.1 61 -54 6.9 +4.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 11.9 35 -28 5.9 +3.3
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 11.8 40 -33 6.5 +3.9
FXL First Trust Technology AlphaDEX Fund 11.8 61 -54 3.3 +0.8
JKJ iShares Morningstar Small-Cap ETF 11.8 25 -18 6.5 +4.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 11.7 20 -13 7.1 +4.6
IBB iShares NASDAQ Biotechnology ETF 11.7 47 -40 0.4 -2.2
SLYG SPDR S&P 600 Small Cap Growth ETF 11.5 15 -8 5.4 +2.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 11.5 16 -9 5.3 +2.8
IJT iShares S&P Small-Cap 600 Growth ETF 11.5 25 -18 5.2 +2.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 11.4 17 -10 6.6 +4.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 11.4 35 -28 6.3 +3.7
XMLV Invesco S&P MidCap Low Volatility ETF 11.3 25 -18 5.4 +2.8
EQWM Invesco S&P MidCap Quality ETF 11.2 25 -18 5.1 +2.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 11.1 30 -23 6.0 +3.5
KOMP SPDR Kensho New Economies Composite ETF 11.1 20 -13 1.6 -0.9
FYX First Trust Small Cap Core AlphaDEX Fund 10.9 63 -56 6.7 +4.1
JHMH John Hancock Multifactor Healthcare ETF 10.9 40 -33 5.9 +3.4
PVAL Principal Contrarian Value Index ETF 10.9 29 -22 7.5 +5.0
BTEC Principal Healthcare Innovators Index ETF 10.8 42 -35 -2.5 -5.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 10.8 30 -23 7.7 +5.1

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 9.3 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 2.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.53
 
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.