Vanguard Small-Cap Growth Index Fund
ALTAR
Score™
1.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
80.1x P/Sales
ratio
4.7x
P/BV
ratio
5.7x Div.
yield
0.5%


  • 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) $15,526
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 610
Wgt avg mkt cap (mns) $7,707
Large cap (>$10bn) 29.7%
Mid cap ($2-10bn) 62.0%
Small cap (<$2bn) 5.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PLUG POWER INC 1.2 %
ENPHASE ENERGY INC 1.0 %
MONGODB, INC. CLASS A 0.8 %
CATALENT INC 0.8 %
ZENDESK INC 0.7 %
HORIZON PHARMA PLC 0.7 %
MONOLITHIC POWER SYSTEMS INC 0.7 %
SUNRUN INC. 0.6 %
PENN NATIONAL GAMING INC 0.6 %
ELDORADO RESORTS INC 0.6 %
Total 7.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.8 %
IRELAND 1.2 %
BRITAIN 0.6 %
BERMUDA 0.4 %
CAYMAN ISLANDS 0.2 %
CANADA 0.1 %
SWITZERLAND 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.
35.5% 35.5% 18.0% 14.0% 11.3%

Market Correlations
versus... Beta R-squared
S&P500 1.20 86%
MSCI EAFE 1.11 73%
MSCI Emg. Mkts. 0.91 63%

Technical Indicators
Recent close $287.12
30d moving avg. $272.87
Annualized volatility 24.2%
Short interest (ETF) 0.5%
Short interest (Underlying) 7.2%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 226
Turnover 0.4%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $34,213

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™: 1.9%


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
(%)
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 46.1 7 0 3.9 +2.0
VB Vanguard Small-Cap ETF 46.0 5 2 4.4 +2.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 41.3 6 1 4.0 +2.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 39.5 17 -10 4.0 +2.1
BKSE BNY Mellon US Small Cap Core Equity ETF 39.5 4 3 4.7 +2.8
VTWO Vanguard Russell 2000 Index Fund 39.2 10 -3 2.6 +0.7
SCHA Schwab U.S. Small-Cap ETF 38.9 4 3 3.6 +1.7
SFYX Sofi Next 500 ETF 38.4 0 7 4.8 +2.9
SCHM Schwab U.S. Mid-Cap ETF 38.2 4 3 5.0 +3.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 37.3 70 -63 1.6 -0.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 36.9 66 -59 1.8 -0.1
IWM iShares Russell 2000 ETF 35.7 19 -12 2.5 +0.6
FSMD Fidelity Small-Mid Factor ETF 35.1 29 -22 5.2 +3.3
VTWG Vanguard Russell 2000 Growth Index Fund 35.0 15 -8 0.1 -1.9
IWO iShares Russell 2000 Growth ETF 34.9 24 -17 -0.1 -2.0
IVOO Vanguard S&P Mid-Cap 400 ETF 34.6 10 -3 5.3 +3.4
MDY SPDR S&P Midcap 400 ETF Trust 34.1 23 -16 5.1 +3.2
IJH iShares Core S&P Mid-Cap ETF 34.1 5 2 5.3 +3.4
SPMD SPDR Portfolio Mid Cap ETF 34.1 5 2 5.3 +3.4
XJH iShares ESG Screened S&P Mid-Cap ETF 33.0 12 -5 5.4 +3.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 31.5 15 -8 4.2 +2.3
JKK iShares Morningstar Small-Cap Growth ETF 31.5 30 -23 0.6 -1.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 31.3 15 -8 3.7 +1.8
IJK iShares S&P Mid-Cap 400 Growth ETF 31.3 17 -10 3.7 +1.8
VXF Vanguard Extended Market Index Fund 31.1 6 1 2.5 +0.6
FNX First Trust Mid Cap Core AlphaDEX Fund 31.0 61 -54 5.1 +3.2
JKH iShares Morningstar Mid-Cap Growth ETF 31.0 30 -23 1.9 0.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 27.7 9 -2 3.3 +1.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 27.2 40 -33 5.6 +3.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 27.1 20 -13 3.8 +1.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 26.4 39 -32 3.4 +1.5
NUSC Nuveen ESG Small-Cap ETF 25.0 40 -33 3.9 +2.0
IWP iShares Russell Mid-Cap Growth ETF 25.0 24 -17 2.6 +0.7
SMDY Syntax Stratified MidCap ETF 24.5 30 -23 5.1 +3.2
AFMC First Trust Active Factor Mid Cap ETF 24.5 65 -58 5.2 +3.3
IUSS Invesco Strategic US Small Company ETF 24.3 23 -16 3.6 +1.7
JHSC John Hancock Multifactor Small Cap ETF 23.1 42 -35 4.5 +2.6
VFMO Vanguard U.S. Momentum Factor ETF 23.1 13 -6 1.4 -0.5
JHMM John Hancock Multifactor Mid Cap ETF 22.9 42 -35 4.7 +2.8
SMMD iShares Russell 2500 ETF 22.5 15 -8 4.7 +2.8
EZM WisdomTree U.S. MidCap Earnings Fund 22.2 38 -31 7.6 +5.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 21.3 25 -18 4.8 +2.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 20.4 29 -22 4.2 +2.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 20.2 24 -17 4.9 +3.0
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 19.8 60 -53 3.6 +1.7
STSB iShares Factors US Small Blend Style ETF 19.4 35 -28 2.9 +1.0
RFG Invesco S&P Midcap 400 Pure Growth ETF 17.9 35 -28 3.3 +1.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 17.9 29 -22 -0.3 -2.2
TPLC Timothy Plan US Large Cap Core ETF 17.8 52 -45 4.4 +2.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 17.5 30 -23 4.9 +3.0
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 17.4 20 -13 3.6 +1.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 17.4 75 -68 2.0 +0.1
TUSA First Trust Total US Market AlphaDEX ETF 16.6 70 -63 4.8 +2.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 16.5 39 -32 3.9 +2.0
RNMC Mid Cap US Equity Select ETF 16.4 60 -53 6.1 +4.2
AFSM First Trust Active Factor Small Cap ETF 16.4 77 -70 4.3 +2.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 16.2 29 -22 7.3 +5.4
XSW SPDR S&P Software & Services ETF 15.9 35 -28 3.1 +1.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 15.8 20 -13 7.1 +5.2
EQAL Invesco Russell 1000 Equal Weight ETF 15.6 20 -13 5.0 +3.1
IWR iShares Russell Midcap ETF 15.5 19 -12 4.7 +2.8
BFOR Barron's 400 ETF 15.3 65 -58 5.6 +3.7
SIXL 6 Meridian Low Beta Equity Strategy ETF 15.3 84 -77 4.0 +2.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 15.3 15 -8 2.5 +0.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 15.0 35 -28 5.1 +3.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 15.0 29 -22 6.0 +4.1
RWK Invesco S&P MidCap 400 Revenue ETF 14.6 39 -32 6.3 +4.4
XMMO Invesco S&P MidCap Momentum ETF 14.6 34 -27 3.4 +1.5
VFQY Vanguard U.S. Quality Factor ETF 14.5 13 -6 5.3 +3.4
STMB iShares Factors US Mid Blend Style ETF 14.3 30 -23 4.9 +3.0
JHMT John Hancock Multifactor Technology ETF 14.2 40 -33 4.0 +2.1
IGV iShares Expanded Tech-Software ETF 14.2 46 -39 2.0 +0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 14.0 4 3 4.9 +3.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 13.9 24 -17 5.5 +3.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 13.7 35 -28 5.1 +3.2
FTC First Trust Large Cap Growth AlphaDEX Fund 13.7 61 -54 2.2 +0.3
ONEO SPDR Russell 1000 Momentum Focus ETF 13.7 20 -13 5.6 +3.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 13.6 35 -28 5.0 +3.1
IJJ iShares S&P Mid-Cap 400 Value ETF 13.4 18 -11 6.9 +5.0
MDYV SPDR S&P 400 Mid Cap Value ETF 13.3 15 -8 6.9 +5.0
JKJ iShares Morningstar Small-Cap ETF 13.2 25 -18 5.1 +3.2
JMOM JPMorgan U.S. Momentum Factor ETF 13.2 12 -5 3.0 +1.1
VFLQ Vanguard U.S. Liquidity Factor ETF 12.7 14 -7 3.5 +1.6
BTEC Principal Healthcare Innovators Index ETF 12.6 42 -35 -2.5 -4.4
DON WisdomTree U.S. MidCap Dividend Fund 12.5 38 -31 6.7 +4.8
USMF WisdomTree U.S. Multifactor Fund 12.5 28 -21 5.4 +3.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 12.5 15 -8 6.7 +4.8
PDP Invesco DWA Momentum ETF 12.3 62 -55 1.8 -0.1
IEIH iShares Evolved U.S. Innovative Healthcare ETF 12.2 18 -11 3.5 +1.6
BFTR Future Innovators ETF 12.1 80 -73 -1.5 -3.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 11.9 30 -23 5.4 +3.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 11.7 35 -28 4.9 +3.0
VIOO Vanguard S&P Small-Cap 600 ETF 11.7 10 -3 5.5 +3.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 11.6 17 -10 5.6 +3.7
FYX First Trust Small Cap Core AlphaDEX Fund 11.5 63 -56 5.4 +3.5
VHT Vanguard Health Care Index Fund 11.4 10 -3 5.1 +3.2
JHMH John Hancock Multifactor Healthcare ETF 11.2 40 -33 5.8 +3.9
SPSM SPDR Portfolio Small Cap ETF 11.2 5 2 5.6 +3.7
IJR iShares Core S&P Small Cap ETF 11.2 6 1 5.6 +3.7
SLY SPDR S&P 600 Small Cap ETF 11.2 15 -8 5.5 +3.6

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 10.3 %
Divided by: Fwd. P/BV 5.2 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 1.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.