Vanguard U.S. Quality Factor ETF
ALTAR
Score™
6.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.4x P/Sales
ratio
1.3x
P/BV
ratio
2.4x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website www.vangaurd.com
Inception date Feb 13, 2018
Assets (mns) $48
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 769
Wgt avg mkt cap (mns) $84,748
Large cap (>$10bn) 50.4%
Mid cap ($2-10bn) 23.6%
Small cap (<$2bn) 25.8%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
APPLE INC 1.3 %
TARGET CORP 1.2 %
BIOGEN IDEC INC 1.1 %
EBAY INC 1.0 %
HUMANA INC 1.0 %
ADOBE SYSTEMS INC 1.0 %
TEXAS INSTRUMENTS INC 0.9 %
AON PLC 0.9 %
WAL-MART STORES INC 0.9 %
INTUIT INC 0.9 %
Total 10.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
IRELAND 1.2 %
BRITAIN 1.0 %
SWITZERLAND 0.6 %
BERMUDA 0.5 %
LUXEMBOURG 0.4 %
NETHERLANDS 0.3 %
PUERTO RICO 0.3 %
ISRAEL 0.2 %
CHINA 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.5% 12.4% -- -- 6.2%

Market Correlations
versus... Beta R-squared
S&P500 1.15 95%
MSCI EAFE 1.18 83%
MSCI Emg. Mkts. 0.86 67%

Technical Indicators
Recent close $82.78
30d moving avg. $84.51
Annualized volatility 22.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $9,179

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VFQY Expense: 13 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VFQY
Ticker Fund
Name
Overlap1
vs VFQY
(%)
Expense
ratio
(bp)
Savings
vs VFQY
(bp)
ALTAR
Score™
(%)
ALTAR
vs VFQY
(%)
VFMF Vanguard U.S. Multifactor ETF 49.8 19 -6 7.6 +1.2
AVUS Avantis U.S. Equity ETF 33.2 15 -2 6.1 -0.3
JQUA JPMorgan U.S. Quality Factor ETF 32.1 12 1 5.6 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 31.7 15 -2 6.2 -0.2
ONEO SPDR Russell 1000 Momentum Focus ETF 30.5 20 -7 6.4 +0.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.4 19 -6 6.7 +0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 29.4 17 -4 6.4 -0.0
BFOR Barron's 400 ETF 29.3 65 -52 6.4 -0.0
ROUS Hartford Multifactor US Equity ETF 29.1 19 -6 6.5 +0.1
JHML John Hancock Multifactor Large Cap ETF 29.0 29 -16 5.9 -0.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 28.7 29 -16 6.9 +0.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 28.2 35 -22 5.8 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 28.1 29 -16 6.3 -0.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 28.0 35 -22 5.8 -0.6
TUSA First Trust Total US Market AlphaDEX ETF 27.9 70 -57 6.1 -0.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 27.8 25 -12 6.8 +0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 27.3 25 -12 7.3 +0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 27.3 9 4 6.1 -0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.2 75 -62 4.1 -2.3
AFLG First Trust Active Factor Large Cap ETF 27.0 55 -42 6.3 -0.2
QUS SPDR MSCI USA StrategicFactors ETF 26.5 15 -2 6.2 -0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 26.4 30 -17 6.6 +0.2
RECS Columbia Research Enhanced Core ETF 26.3 15 -2 6.5 +0.1
ESGV Vanguard ESG U.S. Stock ETF 26.2 12 1 5.8 -0.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 26.2 6 7 5.3 -1.1
FSMD Fidelity Small-Mid Factor ETF 26.1 29 -16 6.4 0.0
EXT WisdomTree U.S. Total Earnings Fund 26.1 28 -15 6.0 -0.4
VTHR Vanguard Russell 3000 Index Fund 25.9 10 3 5.6 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 25.8 3 10 6.1 -0.3
IWV iShares Russell 3000 ETF 25.7 20 -7 5.5 -0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 25.6 25 -12 7.3 +0.9
SCHB Schwab U.S. Broad Market ETF 25.6 3 10 5.7 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 25.5 3 10 5.7 -0.8
VFLQ Vanguard U.S. Liquidity Factor ETF 25.3 14 -1 4.3 -2.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 25.3 20 -7 5.2 -1.3
IUSS Invesco Strategic US Small Company ETF 25.2 23 -10 5.4 -1.1
IYY iShares Dow Jones U.S. ETF 25.0 20 -7 5.7 -0.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 25.0 39 -26 4.8 -1.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 25.0 17 -4 5.0 -1.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 25.0 66 -53 2.5 -4.0
IWB iShares Russell 1000 ETF 24.9 15 -2 5.6 -0.8
SCHK Schwab 1000 Index ETF 24.9 5 8 5.8 -0.6
RSP Invesco S&P 500 Equal Weight ETF 24.8 20 -7 6.6 +0.2
PRF Invesco FTSE RAFI US 1000 ETF 24.7 39 -26 7.2 +0.8
EUSA iShares MSCI USA Equal Weighted ETF 24.7 15 -2 6.2 -0.2
VTI Vanguard Total Stock Market Index Fund 24.7 3 10 5.6 -0.8
VONE Vanguard Russell 1000 ETF 24.6 8 5 5.7 -0.7
QLC FlexShares US Quality Large Cap Index Fund 24.6 32 -19 5.9 -0.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 24.5 25 -12 7.1 +0.6
SCHX Schwab U.S. Large-Cap ETF 24.4 3 10 5.9 -0.6
VFMO Vanguard U.S. Momentum Factor ETF 24.3 13 0 0.9 -5.6
SIZE iShares Edge MSCI USA Size Factor ETF 24.3 15 -2 6.1 -0.3
IUS Invesco Strategic US ETF 24.2 19 -6 7.0 +0.6
PBP Invesco S&P 500 BuyWrite ETF 24.1 49 -36 5.6 -0.8
SCHA Schwab U.S. Small-Cap ETF 24.1 4 9 4.6 -1.8
IUSG iShares Core S&P US Growth ETF 24.0 4 9 5.7 -0.7
VB Vanguard Small-Cap ETF 24.0 5 8 5.4 -1.0
PBUS Invesco PureBeta MSCI USA ETF 23.9 4 9 5.9 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 23.8 12 1 6.1 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 23.8 8 5 7.1 +0.7
VLU SPDR S&P 1500 Value Tilt ETF 23.8 12 1 7.6 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 23.8 20 -7 6.0 -0.4
IVV iShares Core S&P 500 ETF 23.7 3 10 6.0 -0.4
SPLG SPDR Portfolio Large Cap ETF 23.7 3 10 6.0 -0.4
SPY SPDR S&P 500 ETF Trust 23.7 9 4 6.0 -0.5
XYLG Global X S&P 500 Covered Call & Growth ETF 23.7 60 -47 5.6 -0.8
PSET Principal Price Setters Index ETF 23.6 15 -2 5.1 -1.4
HSPX Global X S&P 500 Covered Call ETF 23.6 60 -47 5.5 -0.9
ESGU iShares MSCI USA ESG Optimized ETF 23.6 15 -2 5.7 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.6 2 11 5.9 -0.5
SCIU Global X Scientific Beta US ETF 23.5 19 -6 6.0 -0.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 23.5 17 -4 6.5 +0.1
VOO VANGUARD S&P 500 ETF 23.4 3 10 6.0 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 23.4 27 -14 6.0 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.3 7 6 5.9 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 23.3 20 -7 5.6 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 23.3 18 -5 6.2 -0.2
IWR iShares Russell Midcap ETF 23.2 19 -6 5.6 -0.8
VV Vanguard Large-Cap Index Fund 23.1 4 9 5.8 -0.6
SPHQ Invesco S&P 500 Quality ETF 23.1 15 -2 5.2 -1.2
QUAL iShares MSCI Usa Quality Factor ETF 23.0 15 -2 5.9 -0.6
JHMM John Hancock Multifactor Mid Cap ETF 23.0 42 -29 5.7 -0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 22.9 49 -36 5.6 -0.8
DIVB iShares U.S. Dividend & Buyback ETF 22.9 25 -12 7.1 +0.7
DGRO iShares Core Dividend Growth ETF 22.8 8 5 6.9 +0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 22.8 9 4 6.0 -0.4
SUSL iShares ESG MSCI USA Leaders ETF 22.8 10 3 5.2 -1.2
SCHV Schwab U.S. Large-Cap Value ETF 22.6 4 9 7.1 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 22.6 27 -14 5.7 -0.7
CATH Global X S&P 500 Catholic Values Custom ETF 22.6 29 -16 5.8 -0.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 22.6 10 3 5.2 -1.2
VOOG Vanguard S&P 500 Growth ETF 22.5 10 3 5.7 -0.7
IWF iShares Russell 1000 Growth ETF 22.5 19 -6 5.5 -0.9
DSI iShares MSCI KLD 400 Social ETF 22.3 25 -12 5.0 -1.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 22.3 60 -47 5.3 -1.1
VFVA Vanguard U.S. Value Factor ETF 22.3 14 -1 11.3 +4.9
IVW iShares S&P 500 Growth ETF 22.3 18 -5 5.6 -0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 22.3 4 9 5.8 -0.6
DTD WisdomTree U.S.Total Dividend Fund 22.1 28 -15 7.1 +0.7
JMOM JPMorgan U.S. Momentum Factor ETF 22.0 12 1 3.9 -2.5

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%.

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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 U.S. Quality Factor ETF
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 14.5 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.