Vanguard Energy Index Fund
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2021E    2022E
P/E
ratio
33.4x P/Sales
ratio
1.1x
P/BV
ratio
1.4x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Energy ETF seeks to track the performance of the MSCI US Investable Market Energy Index. The Index consists of large, medium-size and small US companies within the energy sector that

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Sep 23, 2004
Assets (mns) $4,425
Currency USD
Expense ratio 10 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $90,388
Large cap (>$10bn) 82.0%
Mid cap ($2-10bn) 12.5%
Small cap (<$2bn) 5.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 24.4 %
CHEVRON CORP 20.4 %
CONOCOPHILLIPS 6.2 %
EOG RESOURCES INC 4.0 %
PHILLIPS 66 4.0 %
MARATHON PETROLEUM 3.8 %
SCHLUMBERGER LTD 3.8 %
KINDER MORGAN INC 3.4 %
VALERO ENERGY CORP 3.2 %
PIONEER NATURAL RESOURCES CO 3.1 %
Total 76.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 109.4 %
CANADA 0.6 %
BRITAIN 0.4 %
SWITZERLAND 0.2 %
NETHERLANDS 0.2 %
BERMUDA 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
28.5% 15.2% 0.2% -2.7% 3.9%

Market Correlations
versus... Beta R-squared
S&P500 1.90 67%
MSCI EAFE 1.96 71%
MSCI Emg. Mkts. 1.60 59%

Technical Indicators
Recent close $66.65
30d moving avg. $60.57
Annualized volatility 42.6%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.8%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 1,165
Turnover 1.8%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $9,196

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Vanguard Energy Index Fund ETF based on the alternatives' overlap in portfolio holdings with VDE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VDE Expense: 10 bp ALTAR Score™: 3.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VDE
Ticker Fund
Name
Overlap1
vs VDE
(%)
Expense
ratio
(bp)
Savings
vs VDE
(bp)
ALTAR
Score™
(%)
ALTAR
vs VDE
(%)
FENY Fidelity MSCI Energy Index ETF 98.5 8 2 3.4 +0.1
IYE iShares U.S. Energy ETF 96.2 42 -32 3.4 -0.0
XLE Energy Select Sector SPDR Fund 94.6 12 -2 3.7 +0.3
JHME John Hancock Multifactor Energy ETF 65.7 40 -30 3.2 -0.2
RYE Invesco S&P 500 Equal Weight Energy ETF 57.2 40 -30 3.0 -0.4
IGE iShares North American Natural Resources ETF 55.4 46 -36 3.8 +0.4
FXN First Trust Energy AlphaDEX Fund 53.1 65 -55 2.6 -0.8
IXC iShares Global Energy ETF 52.0 46 -36 5.0 +1.7
FTXN First Trust Nasdaq Oil & Gas ETF 49.6 60 -50 3.0 -0.4
XOP SPDR S&P Oil & Gas Exploration & Production ETF 45.5 35 -25 3.0 -0.3
FILL iShares MSCI Global Energy Producers ETF 43.6 39 -29 5.3 +1.9
IEO iShares U.S. Oil & Gas Exploration & Production ETF 40.1 42 -32 3.2 -0.2
NANR SPDR S&P North American Natural Resources ETF 34.4 35 -25 3.7 +0.4
PXE Invesco Dynamic Energy Exploration & Production ETF 34.2 63 -53 3.2 -0.1
PXI Invesco DWA Energy Momentum ETF 29.2 60 -50 -0.6 -4.0
FRAK VanEck Vectors Unconventional Oil & Gas ETF 26.2 54 -44 2.1 -1.3
EQRR ProShares Equities for Rising Rates ETF 24.2 35 -25 5.6 +2.2
FCG First Trust Natural Gas ETF 23.7 60 -50 2.7 -0.7
HDV iShares Core High Dividend ETF 22.8 8 2 6.4 +3.0
ALTL Pacer Lunt Large Cap Alternator ETF 18.4 60 -50 4.6 +1.2
SPHB Invesco S&P 500 High Beta ETF 18.3 25 -15 4.9 +1.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 17.1 65 -55 4.3 +0.9
GNR SPDR S&P Global Natural Resources ETF 14.2 40 -30 5.6 +2.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 13.9 46 -36 5.4 +2.0
MAGA Point Bridge GOP Stock Tracker ETF 13.7 72 -62 5.2 +1.9
SPYD SPDR S&P 500 High Dividend ETF 13.5 7 3 8.5 +5.1
HAP VanEck Vectors Natural Resources ETF 12.4 50 -40 5.0 +1.6
TPYP Tortoise North American Pipeline Fund 12.3 40 -30 5.8 +2.4
USAI Pacer American Energy Independence ETF 12.3 75 -65 4.5 +1.1
ENFR Alerian Energy Infrastructure ETF 12.3 65 -55 4.6 +1.2
GBDV Global Beta Smart Income ETF 12.3 29 -19 7.8 +4.4
MLPX Global X MLP & Energy Infrastructure ETF 12.2 45 -35 4.8 +1.5
EINC VanEck Vectors Energy Income ETF 12.1 45 -35 5.2 +1.8
CRAK VanEck Vectors Oil Refiners ETF 11.7 60 -50 7.2 +3.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 11.2 39 -29 7.9 +4.5
OIH VanEck Vectors Oil Services ETF 11.2 35 -25 -0.8 -4.2
IEZ iShares U.S. Oil Equipment & Services ETF 11.1 42 -32 0.2 -3.2
VRAI Virtus Real Asset Income ETF 11.1 55 -45 7.0 +3.6
XES SPDR S&P Oil & Gas Equipment & Services ETF 10.9 35 -25 -2.2 -5.5
JKI iShares Morningstar Mid-Cap Value ETF 10.6 30 -20 6.9 +3.6
SDOG ALPS Sector Dividend Dogs ETF 10.5 40 -30 8.1 +4.8
AVUV Avantis U.S. Small Cap Value ETF 10.1 25 -15 6.4 +3.0
PXJ Invesco Dynamic Oil & Gas Services ETF 10.0 63 -53 -0.7 -4.1
PEY Invesco High Yield Equity Dividend Achievers ETF 9.5 52 -42 7.8 +4.5
ONEY SPDR Russell 1000 Yield Focus ETF 9.5 20 -10 6.3 +2.9
SPVU Invesco S&P 500 Enhanced Value ETF 9.4 13 -3 8.9 +5.6
DVY iShares Select Dividend ETF 9.4 39 -29 7.6 +4.2
GLIF AGFiQ Global Infrastructure ETF 9.2 45 -35 4.8 +1.5
GRES IQ Global Resources ETF 9.2 78 -68 5.9 +2.5
IUS Invesco Strategic US ETF 9.0 19 -9 5.2 +1.9
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 9.0 49 -39 4.4 +1.0
VLU SPDR S&P 1500 Value Tilt ETF 9.0 12 -2 5.9 +2.6
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 8.8 30 -20 7.7 +4.3
IGF iShares Global Infrastructure ETF 8.7 46 -36 4.6 +1.2
GII SPDR S&P Global Infrastructure ETF 8.7 40 -30 4.6 +1.3
DJD Invesco Dow Jones Industrial Average Dividend ETF 8.6 7 3 6.5 +3.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 8.5 47 -37 5.2 +1.9
EQAL Invesco Russell 1000 Equal Weight ETF 8.5 20 -10 5.0 +1.6
EMLP First Trust North American Energy Infrastructure Fund 8.4 96 -86 5.3 +1.9
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 8.4 75 -65 6.0 +2.6
ESGS Columbia Sustainable U.S. Equity Income ETF 8.4 35 -25 7.5 +4.2
FDVV Fidelity Core Dividend ETF 8.4 29 -19 6.1 +2.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 8.3 25 -15 5.6 +2.3
JKL iShares Morningstar Small Cap Value ETF 8.2 30 -20 6.9 +3.5
RPV Invesco S&P 500 Pure Value ETF 8.1 35 -25 9.1 +5.7
SYLD Cambria Shareholder Yield ETF 8.0 59 -49 6.7 +3.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 8.0 25 -15 5.5 +2.2
VFVA Vanguard U.S. Value Factor ETF 8.0 14 -4 8.2 +4.9
FOVL iShares Focused Value Factor ETF 7.7 25 -15 7.4 +4.0
SPDV AAM S&P 500 High Dividend Value ETF 7.7 29 -19 7.8 +4.4
JDIV JPMorgan U.S. Dividend ETF 7.7 12 -2 6.5 +3.1
SCHD Schwab U.S. Dividend Equity ETF 7.5 6 4 7.0 +3.7
VYM Vanguard High Dividend Yield Index ETF 7.1 6 4 6.8 +3.5
PRF Invesco FTSE RAFI US 1000 ETF 7.0 39 -29 5.7 +2.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 6.9 29 -19 5.5 +2.2
FTRI First Trust Indxx Global Natural Resources Income ETF 6.9 70 -60 8.4 +5.1
VOOV Vanguard S&P 500 Value ETF 6.7 10 0 6.2 +2.9
TPHD Timothy Plan High Dividend Stock ETF 6.6 52 -42 5.7 +2.3
RWL Invesco S&P 500 Revenue ETF 6.6 39 -29 6.1 +2.7
DIV Global X SuperDividend US ETF 6.6 46 -36 5.9 +2.6
BLES Inspire Global Hope Large Cap ETF 6.1 52 -42 5.2 +1.9
JMIN JPMorgan U.S. Minimum Volatility ETF 5.9 12 -2 5.5 +2.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 5.8 24 -14 5.6 +2.2
DIVB iShares U.S. Dividend & Buyback ETF 5.8 25 -15 6.0 +2.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 5.8 19 -9 5.2 +1.8
AMZA InfraCap MLP ETF 5.7 241 -231 5.2 +1.9
SDY SPDR S&P Dividend ETF 5.7 35 -25 6.2 +2.9
QSY WisdomTree U.S. LargeCap Value Fund 5.7 38 -28 6.9 +3.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 5.6 18 -8 5.8 +2.4
FTA First Trust Large Cap Value AlphaDEX Fund 5.6 60 -50 7.2 +3.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 5.6 35 -25 7.5 +4.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 5.6 35 -25 7.6 +4.2
SPYV SPDR Portfolio S&P 500 Value ETF 5.6 4 6 6.3 +2.9
IVE iShares S&P 500 Value ETF 5.5 18 -8 6.1 +2.8
MGV Vanguard Mega Cap Value ETF 5.5 7 3 6.6 +3.2
VTV Vanguard Value Index Fund 5.5 4 6 6.6 +3.2
IWX iShares Russell Top 200 Value ETF 5.5 20 -10 6.1 +2.8
VONV Vanguard Russell 1000 Value Index Fund 5.4 8 2 6.1 +2.7

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Vanguard Energy Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.50
 
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.