Vanguard Consumer Discretionary
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
23.4x P/Sales
ratio
1.4x
P/BV
ratio
5.4x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Consumer Discretonary ETF seeks to track the performance of the Morgan Stanley Capital International US Investable Market Consumer Discretionary Index. The Fund invests all of its ass

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 30, 2004
Assets (mns) $2,980
Currency USD
Expense ratio 10 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian #N/A Field Not Applicable
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 295
Wgt avg mkt cap (mns) $257,325
Large cap (>$10bn) 81.9%
Mid cap ($2-10bn) 14.8%
Small cap (<$2bn) 3.3%
Developed mkts 99.2%
Emerging mkts 0.8%

TOP TEN HOLDINGS
AMAZON.COM INC 22.5 %
HOME DEPOT INC 7.7 %
MCDONALD'S CORP 4.7 %
NIKE INC -CL B 3.8 %
STARBUCKS CORP 3.2 %
LOWE'S COS INC 3.0 %
BOOKING HOLDINGS INC. 2.6 %
TJX COMPANIES INC 2.3 %
TARGET CORP 2.1 %
GENERAL MOTORS CO 1.4 %
Total 53.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
IRELAND 0.8 %
ARGENTINA 0.8 %
SWITZERLAND 0.4 %
BRITAIN 0.2 %
BERMUDA 0.2 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
23.8% 12.8% 11.2% 16.7% 10.1%

Market Correlations
versus... Beta R-squared
S&P500 1.12 88%
MSCI EAFE 1.06 64%
MSCI Emg. Mkts. 0.76 53%

Technical Indicators
Recent close $182.21
30d moving avg. $182.62
Annualized volatility 14.5%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.6%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 47
Turnover 0.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $30,987

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VCR Expense: 10 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VCR
Ticker Fund
Name
Overlap1
vs VCR
(%)
Expense
ratio
(bp)
Savings
vs VCR
(bp)
ALTAR
Score™
(%)
ALTAR
vs VCR
(%)
FDIS Fidelity MSCI Consumer Discrettionary 98.1 8 2 5.4 -0.1
XLY Consumer Discretionary Select Sector SPDR 80.2 13 -3 5.7 +0.3
IEDI iShares Evolved U.S. Discretionary Spending 63.6 18 -8 5.0 -0.4
JHMC John Hancock Multifactor Consumer Discretionary 60.3 40 -30 5.9 +0.5
IYC iShares DJ US Consumer Services 56.7 42 -32 5.1 -0.4
RXI iShares S&P Global Consumer Discretionary 55.5 46 -36 6.8 +1.3
RCD Invesco S&P Equal Weight Consumer Discretionary 42.8 40 -30 8.4 +2.9
RTH VanEck Vectors Retail 40.7 35 -25 5.9 +0.4
FXD First Trust Consumer Discretionary 31.9 64 -54 8.0 +2.5
ONLN ProShares Online Retail 25.0 58 -48 2.3 -3.2
MILN Global X Millennials Thematic 24.2 50 -40 2.9 -2.5
FTXD First Trust Nasdaq Retail 23.9 60 -50 6.5 +1.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 21.1 60 -50 7.4 +1.9
XRT SPDR S&P Retail 19.2 35 -25 8.9 +3.4
IYK iShares US Consumer Goods 18.6 42 -32 6.3 +0.8
MGK Vanguard Mega Cap 300 Growth 16.8 7 3 5.1 -0.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 16.8 75 -65 4.7 -0.8
FLQL Franklin LibertyQ U.S. Equity 16.5 15 -5 6.9 +1.4
PKW Invesco Buyback Acheivevers 16.0 62 -52 6.1 +0.6
PEZ Invesco DWA Consumer Discretionary Momentum 16.0 60 -50 4.9 -0.6

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

  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 Consumer Discretionary
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 25.3 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.56
 
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.