Vanguard Small Cap Value Index Fund
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
24.5x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
2.5%


  • 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 26, 2004
Assets (mns) $12,299
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 849
Wgt avg mkt cap (mns) $4,142
Large cap (>$10bn) 7.1%
Mid cap ($2-10bn) 70.0%
Small cap (<$2bn) 23.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAIC INC 0.8 %
IDEX CORP 0.7 %
ATMOS ENERGY CORP 0.7 %
PERKINELMER INC 0.7 %
MOLINA HEALTHCARE INC 0.7 %
OFFICE DEPOT INC 0.7 %
BOOZ ALLEN HAMILTON HOLDINGS 0.7 %
BROWN & BROWN INC 0.6 %
RPM INTERNATIONAL INC 0.6 %
ALLEGION PLC 0.6 %
Total 6.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
BERMUDA 1.5 %
IRELAND 1.0 %
BRITAIN 0.9 %
PUERTO RICO 0.4 %
CAYMAN ISLANDS 0.4 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.3% -16.4% 2.0% 9.4% 7.1%

Market Correlations
versus... Beta R-squared
S&P500 1.30 89%
MSCI EAFE 1.34 83%
MSCI Emg. Mkts. 0.96 67%

Technical Indicators
Recent close $104.35
30d moving avg. $108.07
Annualized volatility 23.4%
Short interest (ETF) 0.2%
Short interest (Underlying) 5.4%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 714
Turnover 0.6%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $33,073

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard Small Cap Value Index Fund 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™: 8.6%


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
(%)
BKSE BNY Mellon US Small Cap Core Equity ETF 51.0 4 3 5.8 -2.8
MDY SPDR S&P Midcap 400 ETF Trust 50.0 23 -16 6.6 -2.0
SPMD SPDR Portfolio Mid Cap ETF 50.0 5 2 6.8 -1.8
IJH iShares Core S&P Mid-Cap ETF 50.0 6 1 6.8 -1.9
IVOO Vanguard S&P Mid-Cap 400 ETF 49.9 10 -3 6.6 -2.0
VB Vanguard Small-Cap ETF 48.5 5 2 5.5 -3.1
EZM WisdomTree U.S. MidCap Earnings Fund 45.6 38 -31 9.4 +0.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 44.4 40 -33 7.4 -1.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 43.9 6 1 5.5 -3.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 43.2 7 0 5.6 -3.0
SCHA Schwab U.S. Small-Cap ETF 43.1 4 3 4.8 -3.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 42.5 17 -10 5.3 -3.3
IJJ iShares S&P Mid-Cap 400 Value ETF 40.9 25 -18 8.8 +0.2
MDYV SPDR S&P 400 Mid Cap Value ETF 40.9 15 -8 8.9 +0.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 40.8 15 -8 8.8 +0.2
FNDA Schwab Fundamental U.S. Small Co. Index ETF 40.0 25 -18 6.9 -1.7
IWM iShares Russell 2000 ETF 38.7 19 -12 3.7 -4.9
VTWO Vanguard Russell 2000 Index Fund 38.2 10 -3 3.8 -4.8
FSMD Fidelity Small-Mid Factor ETF 37.6 29 -22 7.2 -1.4
RWK Invesco S&P MidCap 400 Revenue ETF 37.3 39 -32 8.3 -0.4
JHSC John Hancock Multifactor Small Cap ETF 37.1 42 -35 6.1 -2.6
RNMC Mid Cap US Equity Select ETF 36.9 60 -53 8.0 -0.7
SMDY Syntax Stratified MidCap ETF 36.4 30 -23 6.5 -2.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 34.6 29 -22 10.0 +1.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 34.4 20 -13 9.7 +1.1
IUSS Invesco Strategic US Small Company ETF 33.8 23 -16 5.6 -3.0
IWN iShares Russell 2000 Value ETF 33.7 24 -17 7.5 -1.1
DON WisdomTree U.S. MidCap Dividend Fund 33.5 38 -31 7.8 -0.8
FNX First Trust Mid Cap Core AlphaDEX Fund 33.2 61 -54 6.6 -2.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 32.5 20 -13 6.2 -2.4
VTWV Vanguard Russell 2000 Value Index Fund 32.4 15 -8 7.7 -1.0
VXF Vanguard Extended Market Index Fund 31.1 7 0 3.8 -4.8
JKL iShares Morningstar Small Cap Value ETF 31.0 30 -23 10.7 +2.0
SCHM Schwab U.S. Mid-Cap ETF 30.9 4 3 6.4 -2.2
SFYX Sofi Next 500 ETF 28.9 0 7 6.1 -2.6
FAB First Trust Multi Cap Value AlphaDEX Fund 28.9 71 -64 9.8 +1.2
AFMC First Trust Active Factor Mid Cap ETF 28.8 65 -58 6.4 -2.2
NUSC Nuveen ESG Small-Cap ETF 27.6 40 -33 5.5 -3.1
FNK First Trust Mid Cap Value AlphaDEX Fund 27.5 70 -63 10.6 +1.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 27.2 24 -17 7.4 -1.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 27.1 29 -22 5.8 -2.9
VFVA Vanguard U.S. Value Factor ETF 27.0 14 -7 11.7 +3.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 25.7 48 -41 5.9 -2.8
IJK iShares S&P Mid-Cap 400 Growth ETF 25.3 24 -17 5.0 -3.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 25.2 15 -8 5.1 -3.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 24.9 15 -8 5.0 -3.6
JKJ iShares Morningstar Small-Cap ETF 24.3 25 -18 6.9 -1.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 23.2 39 -32 4.3 -4.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 22.1 29 -22 6.8 -1.8
SMMD iShares Russell 2500 ETF 21.7 15 -8 5.6 -3.0
VFLQ Vanguard U.S. Liquidity Factor ETF 20.8 14 -7 4.8 -3.8
EQAL Invesco Russell 1000 Equal Weight ETF 20.4 20 -13 5.8 -2.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 19.9 24 -17 6.3 -2.3
TUSA First Trust Total US Market AlphaDEX ETF 19.6 70 -63 6.1 -2.5
ONEY SPDR Russell 1000 Yield Focus ETF 19.3 20 -13 9.5 +0.9
FYX First Trust Small Cap Core AlphaDEX Fund 19.1 63 -56 6.8 -1.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 18.9 29 -22 10.0 +1.4
VUSE Vident Core US Equity Fund 18.9 48 -41 8.5 -0.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 18.8 30 -23 8.0 -0.6
VFMF Vanguard U.S. Multifactor ETF 18.8 19 -12 7.3 -1.3
JHMM John Hancock Multifactor Mid Cap ETF 18.6 42 -35 5.9 -2.8
DES WisdomTree U.S. SmallCap Dividend Fund 18.5 38 -31 9.0 +0.4
VIOO Vanguard S&P Small-Cap 600 ETF 18.5 10 -3 7.4 -1.2
VFQY Vanguard U.S. Quality Factor ETF 18.5 13 -6 6.1 -2.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 18.4 20 -13 7.2 -1.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 18.4 25 -18 6.7 -2.0
AVUV Avantis U.S. Small Cap Value ETF 18.4 25 -18 9.6 +1.0
PSC Principal U.S. Small Cap Index ETF 18.2 38 -31 7.2 -1.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 18.1 35 -28 8.5 -0.2
SLY SPDR S&P 600 Small Cap ETF 18.1 15 -8 7.2 -1.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 18.1 40 -33 7.0 -1.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 18.1 35 -28 8.5 -0.2
SPSM SPDR Portfolio Small Cap ETF 18.0 5 2 7.3 -1.3
IJR iShares Core S&P Small Cap ETF 18.0 7 0 7.3 -1.3
RNSC Small Cap US Equity Select ETF 17.9 60 -53 8.0 -0.7
ISMD Inspire Small/Mid Cap Impact ETF 17.8 60 -53 6.7 -2.0
TPSC Timothy Plan US Small Cap Core ETF 17.4 52 -45 8.5 -0.1
IWS iShares Russell Mid-Cap Value ETF 17.3 24 -17 7.4 -1.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 16.9 20 -13 4.8 -3.8
SSLY Syntax Stratified SmallCap ETF 16.8 30 -23 6.3 -2.3
JVAL JPMorgan U.S. Value Factor ETF 16.8 12 -5 8.8 +0.2
CSML IQ Chaikin U.S. Small Cap ETF 16.8 35 -28 4.3 -4.3
AFSM First Trust Active Factor Small Cap ETF 16.7 75 -68 5.8 -2.8
VTWG Vanguard Russell 2000 Growth Index Fund 16.3 15 -8 0.8 -7.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 16.0 39 -32 8.0 -0.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 15.9 35 -28 6.5 -2.1
ONEO SPDR Russell 1000 Momentum Focus ETF 15.8 20 -13 6.6 -2.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 15.5 12 -5 8.1 -0.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 15.2 15 -8 9.9 +1.3
PVAL Principal Contrarian Value Index ETF 15.1 29 -22 10.4 +1.8
IJS iShares S&P Small-cap 600 Value ETF 14.9 25 -18 9.5 +0.9
SLYV SPDR S&P 600 Small Cap Value ETF 14.9 15 -8 9.6 +0.9
EES WisdomTree SmallCap Earnings Fund 14.7 38 -31 12.0 +3.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 14.2 17 -10 6.5 -2.2
PXMV Invesco S&P MidCap Value with Momentum ETF 14.2 39 -32 10.4 +1.8
FYT First Trust Small Cap Value AlphaDEX Fund 14.1 72 -65 9.7 +1.1
IEFN iShares Evolved U.S. Financials ETF 13.5 18 -11 9.4 +0.8
IWO iShares Russell 2000 Growth ETF 13.3 24 -17 0.8 -7.8
IWR iShares Russell Midcap ETF 13.3 19 -12 5.7 -2.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 13.2 80 -73 5.8 -2.9

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.