Vanguard U.S. Minimum Volatility ETF
ALTAR
Score™
3.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
28.5x P/Sales
ratio
2.5x
P/BV
ratio
3.4x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website www.vangaurd.com
Inception date Feb 13, 2018
Assets (mns) $77
Currency USD
Expense ratio 13 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 137
Wgt avg mkt cap (mns) $127,294
Large cap (>$10bn) 60.2%
Mid cap ($2-10bn) 17.9%
Small cap (<$2bn) 21.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEWMONT MINING CORP 1.8 %
VEEVA SYSTEMS INC-CLASS A 1.8 %
SHUTTERSTOCK INC 1.8 %
MURPHY USA, INC. 1.8 %
SERVICE CORP INTERNATIONAL 1.7 %
MERCK & CO. INC. 1.7 %
TYLER TECHNOLOGIES INC 1.7 %
REPUBLIC SERVICES INC 1.7 %
APPLE INC 1.7 %
FLOWERS FOODS INC 1.7 %
Total 17.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
IRELAND 1.5 %
CAYMAN ISLANDS 0.0 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.0% -5.5% -- -- 5.6%

Market Correlations
versus... Beta R-squared
S&P500 0.81 86%
MSCI EAFE 0.85 78%
MSCI Emg. Mkts. 0.57 57%

Technical Indicators
Recent close $83.27
30d moving avg. $80.40
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.4%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $74,385

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard U.S. Minimum Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with VFMV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VFMV Expense: 13 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VFMV
Ticker Fund
Name
Overlap1
vs VFMV
(%)
Expense
ratio
(bp)
Savings
vs VFMV
(bp)
ALTAR
Score™
(%)
ALTAR
vs VFMV
(%)
USMV iShares Edge MSCI Min Vol USA ETF 33.4 15 -2 5.4 +1.5
QUS SPDR MSCI USA StrategicFactors ETF 28.5 15 -2 5.7 +1.8
JQUA JPMorgan U.S. Quality Factor ETF 26.7 12 1 5.2 +1.3
DEF Invesco Defensive Equity ETF 26.6 55 -42 4.9 +1.0
FDLO Fidelity Low Volatility Factor ETF 26.2 29 -16 5.0 +1.1
FTCS First Trust Capital Strength ETF 25.8 58 -45 4.6 +0.7
LVUS Hartford Multifactor Low Volatility US Equity ETF 25.6 19 -6 6.0 +2.1
FLQL Franklin LibertyQ U.S. Equity ETF 25.5 15 -2 6.0 +2.1
ROUS Hartford Multifactor US Equity ETF 24.5 19 -6 7.0 +3.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 24.0 70 -57 4.6 +0.8
SPLV Invesco S&P 500 Low Volatility ETF 23.9 25 -12 5.5 +1.6
LSLT Salt Low truBeta US Market ETF 23.8 29 -16 5.9 +2.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 23.4 30 -17 6.3 +2.4
ACWV iShares Edge MSCI Min Vol Global ETF 23.2 20 -7 5.6 +1.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 22.9 12 1 4.6 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 22.7 27 -14 4.8 +0.9
AFLG First Trust Active Factor Large Cap ETF 22.2 55 -42 5.3 +1.5
BKLC BNY Mellon US Large Cap Core Equity ETF 22.2 0 13 4.9 +1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 22.0 9 4 5.3 +1.5
DGRO iShares Core Dividend Growth ETF 21.9 8 5 6.5 +2.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 21.8 29 -16 5.8 +2.0
IWL iShares Russell Top 200 ETF 21.7 15 -2 4.8 +0.9
PBP Invesco S&P 500 BuyWrite ETF 21.5 49 -36 4.8 +1.0
SPMV Invesco S&P 500 Minimum Variance ETF 21.5 10 3 5.6 +1.7
SPXE ProShares S&P 500 Ex-Energy ETF 21.4 27 -14 5.1 +1.2
MGC Vanguard Mega Cap Index Fund 21.4 7 6 5.0 +1.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 21.3 15 -2 4.1 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 21.3 20 -7 5.1 +1.2
QWLD SPDR MSCI World StrategicFactors ETF 21.2 30 -17 6.0 +2.1
CCOR Core Alternative ETF 21.2 123 -110 4.3 +0.4
HSPX Global X S&P 500 Covered Call ETF 21.2 65 -52 4.7 +0.8
OEF iShares S&P 100 ETF 21.1 20 -7 4.6 +0.7
SPY SPDR S&P 500 ETF Trust 21.1 9 4 5.2 +1.3
IVV iShares Core S&P 500 ETF 21.0 4 9 5.2 +1.3
SPLG SPDR Portfolio Large Cap ETF 21.0 3 10 5.2 +1.3
AUSF Global X Adaptive U.S. Factor ETF 21.0 27 -14 7.6 +3.8
VOO VANGUARD S&P 500 ETF 21.0 3 10 5.2 +1.3
JMIN JPMorgan U.S. Minimum Volatility ETF 20.9 12 1 5.4 +1.5
EQWL Invesco Russell Top 200 Equal Weight ETF 20.9 25 -12 6.0 +2.1
USMF WisdomTree U.S. Multifactor Fund 20.8 28 -15 5.3 +1.4
EPS WisdomTree U.S. Earnings 500 Fund 20.8 8 5 6.3 +2.4
ECOZ TrueMark ESG Active Opportunities ETF 20.8 58 -45 3.9 -0.0
SCIU Global X Scientific Beta US ETF 20.7 19 -6 5.6 +1.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 20.7 7 6 5.0 +1.1
FQAL Fidelity Quality Factor ETF 20.7 29 -16 5.4 +1.5
SFY SoFi Select 500 ETF 20.6 0 13 5.0 +1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 20.4 20 -7 4.7 +0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 20.4 2 11 5.1 +1.2
VV Vanguard Large-Cap Index Fund 20.4 4 9 5.0 +1.2
RBUS Nationwide Risk-Based U.S. Equity ETF 20.4 30 -17 4.6 +0.7
PBUS Invesco PureBeta MSCI USA ETF 20.4 4 9 5.1 +1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 20.4 12 1 4.4 +0.6
XLG Invesco S&P 500 Top 50 ETF 20.4 20 -7 4.3 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 20.2 28 -15 6.3 +2.4
SCHX Schwab U.S. Large-Cap ETF 20.2 3 10 5.1 +1.2
SPTM SPDR Portfolio Total Stock Market ETF 20.1 3 10 5.3 +1.4
ACIO Aptus Collared Income Opportunity ETF 20.1 79 -66 4.1 +0.2
DSTL Distillate US Fundamental Stability & Value ETF 19.9 39 -26 5.9 +2.0
SCHK Schwab 1000 Index ETF 19.8 5 8 5.1 +1.2
VONE Vanguard Russell 1000 ETF 19.7 8 5 5.0 +1.1
IYY iShares Dow Jones U.S. ETF 19.7 20 -7 5.0 +1.1
OUSA O'Shares FTSE US Quality Dividend ETF 19.7 48 -35 5.5 +1.7
IWB iShares Russell 1000 ETF 19.7 15 -2 4.9 +1.0
SNPE Xtrackers S&P 500 ESG ETF 19.6 11 2 4.9 +1.0
ESGU iShares MSCI USA ESG Optimized ETF 19.6 15 -2 4.9 +1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.6 25 -12 6.2 +2.4
SPXT ProShares S&P 500 Ex-Technology ETF 19.5 27 -14 5.4 +1.6
QLC FlexShares US Quality Large Cap Index Fund 19.5 32 -19 5.2 +1.3
IQSU IQ Candriam ESG US Equity ETF 19.4 9 4 4.9 +1.0
QDEF FlexShares Quality Dividend Defensive Index Fund 19.4 37 -24 5.7 +1.8
DTD WisdomTree U.S.Total Dividend Fund 19.4 28 -15 6.5 +2.6
LGLV SPDR Russell 1000 Low Volatility ETF 19.3 12 1 5.5 +1.6
IVE iShares S&P 500 Value ETF 19.3 18 -5 7.1 +3.2
SPYV SPDR Portfolio S&P 500 Value ETF 19.3 4 9 7.3 +3.4
FDMO Fidelity Momentum Factor ETF 19.3 29 -16 3.7 -0.2
QLV FlexShares US Quality Low Volatility Index Fund 19.2 22 -9 4.6 +0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 19.2 19 -6 5.9 +2.0
FVL First Trust Value Line 100 Exchange-Traded Fund 19.2 70 -57 4.5 +0.7
FLLV Franklin Liberty U.S. Low Volatility ETF 19.2 29 -16 5.6 +1.7
SCHB Schwab U.S. Broad Market ETF 19.2 3 10 5.0 +1.1
VYM Vanguard High Dividend Yield Index ETF 19.1 6 7 7.3 +3.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 19.1 3 10 5.0 +1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 19.1 60 -47 4.0 +0.1
VOOV Vanguard S&P 500 Value ETF 19.0 15 -2 7.1 +3.3
IWV iShares Russell 3000 ETF 19.0 20 -7 4.8 +0.9
VTHR Vanguard Russell 3000 Index Fund 19.0 10 3 4.9 +1.0
RECS Columbia Research Enhanced Core ETF 19.0 15 -2 5.4 +1.5
JHML John Hancock Multifactor Large Cap ETF 18.9 29 -16 5.4 +1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 18.9 75 -62 3.9 0.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 18.9 49 -36 3.8 -0.1
ESG FlexShares STOXX US ESG Impact Index Fund 18.9 32 -19 4.9 +1.0
PRF Invesco FTSE RAFI US 1000 ETF 18.8 39 -26 6.6 +2.7
IUSV iShares Core S&P U.S. Value ETF 18.8 4 9 7.3 +3.4
VTI Vanguard Total Stock Market Index Fund 18.7 3 10 4.9 +1.0
AIEQ AI Powered Equity ETF 18.7 87 -74 3.0 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 18.7 25 -12 6.2 +2.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 18.7 75 -62 3.8 -0.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 18.6 28 -15 6.3 +2.4
EXT WisdomTree U.S. Total Earnings Fund 18.6 28 -15 5.0 +1.2
JKD iShares Morningstar Large-Cap ETF 18.5 20 -7 5.3 +1.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 U.S. Minimum Volatility ETF
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 13.1 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.