Vanguard Small-Cap Value ETF
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.0x P/Sales
ratio
1.0x
P/BV
ratio
1.7x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Small-Cap Value ETF seeks to track the performance of the MSCI US Small Cap Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 30, 2004
Assets (mns) $14,927
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 852
Wgt avg mkt cap (mns) $4,748
Large cap (>$10bn) 6.8%
Mid cap ($2-10bn) 76.1%
Small cap (<$2bn) 17.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAIC INC 0.7 %
ATMOS ENERGY CORP 0.6 %
IDEX CORP 0.6 %
TERADYNE INC 0.6 %
ALLEGION PLC 0.6 %
MEDICAL PROPERTIES TRUST INC 0.5 %
PERKINELMER INC 0.5 %
BOOZ ALLEN HAMILTON HOLDINGS 0.5 %
AQUA AMERICA INC 0.5 %
VICI PROPERTIES INC 0.5 %
Total 5.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.6 %
BERMUDA 1.5 %
BRITAIN 1.1 %
IRELAND 0.9 %
PUERTO RICO 0.5 %
CAYMAN ISLANDS 0.3 %
CANADA 0.1 %
LUXEMBOURG 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.
22.8% 22.8% 7.4% 11.9% 8.9%

Market Correlations
versus... Beta R-squared
S&P500 1.13 82%
MSCI EAFE 1.02 56%
MSCI Emg. Mkts. 0.65 39%

Technical Indicators
Recent close $137.61
30d moving avg. $136.51
Annualized volatility 15.0%
Short interest (ETF) 0.3%
Short interest (Underlying) 5.4%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 280
Turnover 0.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $19,840

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Vanguard Small-Cap Value ETF ETF based on the alternatives' overlap in portfolio holdings with VBR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VBR Expense: 7 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VBR
Ticker Fund
Name
Overlap1
vs VBR
(%)
Expense
ratio
(bp)
Savings
vs VBR
(bp)
ALTAR
Score™
(%)
ALTAR
vs VBR
(%)
SPMD SPDR Portfolio Mid Cap 55.0 5 2 6.1 -1.3
VB Vanguard Smallcap ETF 54.6 5 2 5.3 -2.1
SCHA Schwab U.S. Small-Cap 49.6 4 3 4.7 -2.7
IVOO Vanguard S&P Mid-Cap 400 49.1 15 -8 5.9 -1.5
MDY S&P MidCap 400 SPDR 49.0 24 -17 5.9 -1.5
IJH iShares Core S&P MidCap 49.0 7 0 6.1 -1.3
SPSM SPDR Portfolio Small Cap 48.4 5 2 4.6 -2.8
PBSM Invesco PureBeta MSCI USA Small Cap 48.4 6 1 5.1 -2.3
EZM WisdomTree Midcap Earnings 45.5 38 -31 8.3 +0.9
EWMC Invesco S&P Mid Cap 400 Equal Weight 44.5 40 -33 6.3 -1.1
FNDA Schwab Fundamental Small Cap 42.8 25 -18 6.0 -1.4
IWM iShares Russell 2000 42.3 19 -12 3.4 -4.0
ESML iShares MSCI USA Small-Cap ESG Optimized 42.1 17 -10 4.6 -2.8
VTWO Vanguard Russell 2000 42.1 15 -8 3.5 -3.9
RNMC First Trust Mid Cap US Equity Select 40.9 60 -53 6.3 -1.1
IJJ iShares S&P MidCap 400 Value 40.8 25 -18 7.6 +0.2
MDYV SPDR S&P400 Mid Cap Value 40.7 15 -8 7.7 +0.3
FSMD Fidelity Small-Mid Factor ETF 39.7 29 -22 6.1 -1.3
FNX First Trust Mid Cap Core Alpadex 38.7 62 -55 6.4 -1.0
IVOV Vanguard S&P Mid-Cap 400 Value 38.4 20 -13 7.2 -0.3

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 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 11.7 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.55
 
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.