Vanguard Energy Index Fund
ALTAR
Score™
6.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
55.4x P/Sales
ratio
0.6x
P/BV
ratio
0.7x Div.
yield
7.4%


  • 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 29, 2004
Assets (mns) $2,100
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 131
Wgt avg mkt cap (mns) $3,855,690,000,000
Large cap (>$10bn) 80.3%
Mid cap ($2-10bn) 13.4%
Small cap (<$2bn) 6.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 25.4 %
CHEVRON CORP 22.3 %
CONOCOPHILLIPS 4.9 %
KINDER MORGAN INC 4.1 %
PHILLIPS 66 3.9 %
EOG RESOURCES INC 3.4 %
VALERO ENERGY CORP 3.1 %
SCHLUMBERGER LTD 3.0 %
WILLIAMS COS INC 2.8 %
MARATHON PETROLEUM 2.5 %
Total 75.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
BRITAIN 0.5 %
NETHERLANDS 0.1 %
SWITZERLAND 0.1 %
BERMUDA 0.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-52.3% -55.4% -16.2% -5.2% 0.3%

Market Correlations
versus... Beta R-squared
S&P500 1.73 70%
MSCI EAFE 1.82 75%
MSCI Emg. Mkts. 1.36 61%

Technical Indicators
Recent close $39.64
30d moving avg. $48.22
Annualized volatility 31.4%
Short interest (ETF) 0.8%
Short interest (Underlying) 3.9%
Relative strength (RSI) 26

Liquidity measures
Avg. volume (thou.) 2,509
Turnover 4.7%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $11,359

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.0%


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 96.7 8 2 6.1 +0.0
IYE iShares U.S. Energy ETF 94.7 42 -32 6.1 +0.1
XLE Energy Select Sector SPDR Fund 90.1 13 -3 6.4 +0.4
JHME John Hancock Multifactor Energy ETF 60.8 40 -30 6.2 +0.2
IGE iShares North American Natural Resources ETF 51.9 46 -36 6.0 +0.0
RYE Invesco S&P 500 Equal Weight Energy ETF 51.8 40 -30 5.5 -0.6
IXC iShares Global Energy ETF 46.5 46 -36 7.2 +1.1
FTXN First Trust Nasdaq Oil & Gas ETF 46.2 60 -50 7.2 +1.2
FXN First Trust Energy AlphaDEX Fund 45.6 65 -55 8.4 +2.4
FILL iShares MSCI Global Energy Producers ETF 39.1 39 -29 8.2 +2.2
XOP SPDR S&P Oil & Gas Exploration & Production ETF 36.5 35 -25 6.3 +0.3
PXI Invesco DWA Energy Momentum ETF 36.3 60 -50 3.3 -2.7
IEO iShares U.S. Oil & Gas Exploration & Production ETF 31.6 42 -32 6.3 +0.3
NANR SPDR S&P North American Natural Resources ETF 30.0 35 -25 5.4 -0.7
HDV iShares Core High Dividend ETF 24.2 8 2 8.1 +2.1
FDL First Trust Morningstar Dividend Leaders Index Fund 21.2 45 -35 10.9 +4.9
FRAK VanEck Vectors Unconventional Oil & Gas ETF 20.1 54 -44 4.3 -1.8
PXE Invesco Dynamic Energy Exploration & Production ETF 19.0 63 -53 4.5 -1.5
EQRR ProShares Equities for Rising Rates ETF 13.6 35 -25 11.7 +5.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 13.5 39 -29 15.1 +9.1
MAGA Point Bridge GOP Stock Tracker ETF 13.3 72 -62 9.4 +3.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 13.0 46 -36 8.0 +2.0
HAP VanEck Vectors Natural Resources ETF 12.7 50 -40 8.3 +2.3
CRAK VanEck Vectors Oil Refiners ETF 10.7 60 -50 18.3 +12.3
GNR SPDR S&P Global Natural Resources ETF 10.5 40 -30 8.7 +2.6
TPYP Tortoise North American Pipeline Fund 10.5 40 -30 8.5 +2.5
MLPX Global X MLP & Energy Infrastructure ETF 10.5 45 -35 8.0 +2.0
ENFR Alerian Energy Infrastructure ETF 10.4 55 -45 8.6 +2.6
YMLP VanEck Vectors High Income MLP ETF 10.4 45 -35 9.5 +3.5
FCG First Trust Natural Gas ETF 10.3 60 -50 14.6 +8.6
USAI Pacer American Energy Independence ETF 10.3 75 -65 6.6 +0.6
RPV Invesco S&P 500 Pure Value ETF 9.6 35 -25 17.6 +11.6
SLT Salt TruBeta High Exposure ETF 9.5 29 -19 12.3 +6.3
SPYD SPDR S&P 500 High Dividend ETF 9.5 7 3 14.3 +8.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.3 30 -20 11.9 +5.9
DTN WisdomTree U.S. Dividend ex-Financials Fund 8.9 38 -28 10.2 +4.2
JKF iShares Morningstar Large Cap Value ETF 8.9 25 -15 9.5 +3.5
EQAL Invesco Russell 1000 Equal Weight ETF 8.7 20 -10 7.6 +1.6
FOVL iShares Focused Value Factor ETF 8.5 25 -15 14.1 +8.1
EMLP First Trust North American Energy Infrastructure Fund 8.3 95 -85 7.4 +1.4
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 8.2 49 -39 11.2 +5.1
SPVU Invesco S&P 500 Enhanced Value ETF 8.0 13 -3 15.9 +9.9
DHS WisdomTree U.S. High Dividend Fund 8.0 38 -28 10.5 +4.4
QDIV Global X S&P 500 Quality Dividend ETF 7.9 20 -10 10.8 +4.8
IEZ iShares U.S. Oil Equipment & Services ETF 7.8 42 -32 -3.7 -9.7
XES SPDR S&P Oil & Gas Equipment & Services ETF 7.8 35 -25 -17.8 -23.8
SPHB Invesco S&P 500 High Beta ETF 7.7 25 -15 11.4 +5.4
SDOG ALPS Sector Dividend Dogs ETF 7.7 40 -30 13.9 +7.8
DJD Invesco Dow Jones Industrial Average Dividend ETF 7.6 7 3 8.3 +2.3
FDVV Fidelity Core Dividend ETF 7.5 29 -19 9.7 +3.7
OIH VanEck Vectors Oil Services ETF 7.4 35 -25 -8.9 -14.9
DVOP Source Dividend Opportunity ETF 7.2 50 -40 11.2 +5.2
ESGS Columbia Sustainable U.S. Equity Income ETF 7.2 35 -25 12.1 +6.1
HLAL Wahed FTSE USA Shariah ETF 7.1 50 -40 6.2 +0.2
DIV Global X SuperDividend US ETF 7.1 45 -35 15.1 +9.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.1 29 -19 8.4 +2.4
OUSA O'Shares FTSE US Quality Dividend ETF 7.1 48 -38 7.0 +1.0
LVHD Legg Mason Low Volatility High Dividend ETF 7.0 27 -17 8.6 +2.6
PXJ Invesco Dynamic Oil & Gas Services ETF 6.9 63 -53 -4.4 -10.5
VFVA Vanguard U.S. Value Factor ETF 6.8 13 -3 16.5 +10.5
COWZ Pacer US Cash Cows 100 ETF 6.6 49 -39 13.7 +7.7
USDY Pacific Global US Equity Income ETF 6.6 29 -19 10.5 +4.5
PRF Invesco FTSE RAFI US 1000 ETF 6.5 39 -29 9.2 +3.2
FTA First Trust Large Cap Value AlphaDEX Fund 6.5 60 -50 12.1 +6.1
IWX iShares Russell Top 200 Value ETF 6.5 20 -10 8.7 +2.7
FMK First Trust Mega Cap AlphaDEX Fund 6.5 70 -60 7.0 +1.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 6.4 46 -36 6.6 +0.6
DEW WisdomTree Global High Dividend Fund 6.4 58 -48 11.4 +5.4
PEY Invesco High Yield Equity Dividend Achievers ETF 6.4 53 -43 9.8 +3.8
ONEY SPDR Russell 1000 Yield Focus ETF 6.1 20 -10 12.2 +6.2
SYV SPDR MFS Systematic Value Equity ETF 6.1 60 -50 9.8 +3.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 6.1 25 -15 8.3 +2.3
SCHD Schwab U.S. Dividend Equity ETF 6.1 6 4 9.2 +3.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 6.1 19 -9 7.6 +1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 6.0 28 -18 8.0 +2.0
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 5.9 35 -25 11.3 +5.3
GII SPDR S&P Global Infrastructure ETF 5.9 40 -30 6.7 +0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 5.8 25 -15 8.4 +2.4
IGF iShares Global Infrastructure ETF 5.8 46 -36 6.7 +0.7
TPHD Timothy Plan High Dividend Stock ETF 5.8 52 -42 9.4 +3.4
REVS Columbia Research Enhanced Value ETF 5.7 19 -9 9.9 +3.8
SFYF SoFi 50 ETF 5.6 29 -19 8.4 +2.4
RYJ Invesco Raymond James SB-1 Equity ETF 5.6 82 -72 5.1 -0.9
SYLD Cambria Shareholder Yield ETF 5.6 59 -49 15.3 +9.3
VONV Vanguard Russell 1000 Value Index Fund 5.5 8 2 9.3 +3.2
VYM Vanguard High Dividend Yield Index ETF 5.5 6 4 8.9 +2.9
DTD WisdomTree U.S.Total Dividend Fund 5.5 28 -18 8.5 +2.5
FAB First Trust Multi Cap Value AlphaDEX Fund 5.5 71 -61 13.3 +7.3
FCPI Fidelity Stocks for Inflation ETF 5.4 29 -19 9.2 +3.2
IWD iShares Russell 1000 Value ETF 5.4 19 -9 9.1 +3.1
SPGP Invesco S&P 500 GARP ETF 5.4 35 -25 10.7 +4.7
RWL Invesco S&P 500 Revenue ETF 5.3 39 -29 9.2 +3.2
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 5.3 60 -50 9.6 +3.6
VOOV Vanguard S&P 500 Value ETF 5.2 15 -5 9.2 +3.2
MGV Vanguard Mega Cap Value ETF 5.2 7 3 8.8 +2.8
SPYV SPDR Portfolio S&P 500 Value ETF 5.2 4 6 9.2 +3.2
IVE iShares S&P 500 Value ETF 5.2 18 -8 9.1 +3.1
SPDV AAM S&P 500 High Dividend Value ETF 5.2 29 -19 14.5 +8.5
KNOW Direxion All Cap Insider Sentiment Shares 5.1 59 -49 7.2 +1.2
SCHV Schwab U.S. Large-Cap Value ETF 5.1 4 6 9.0 +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 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 4.5 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.51
 
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.