Vanguard U.S. Quality Factor ETF
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.6x P/Sales
ratio
1.5x
P/BV
ratio
3.1x Div.
yield
1.4%


  • 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) $65
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 786
Wgt avg mkt cap (mns) $73,712
Large cap (>$10bn) 50.1%
Mid cap ($2-10bn) 27.5%
Small cap (<$2bn) 22.2%
Developed mkts 100.0%
Emerging mkts 0.1%

TOP TEN HOLDINGS
TARGET CORP 1.2 %
AON PLC 1.1 %
BIOGEN IDEC INC 1.0 %
CISCO SYSTEMS INC 0.9 %
COSTCO WHOLESALE CORP 0.9 %
WAL-MART STORES INC 0.9 %
EBAY INC 0.9 %
LOWE'S COS INC 0.9 %
S&P GLOBAL, INC. 0.9 %
TEXAS INSTRUMENTS INC 0.9 %
Total 9.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.5 %
IRELAND 1.4 %
BRITAIN 1.2 %
BERMUDA 0.6 %
SWITZERLAND 0.4 %
PUERTO RICO 0.4 %
NETHERLANDS 0.3 %
ISRAEL 0.2 %
LUXEMBOURG 0.1 %
CHINA 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.9% 16.9% -- -- 11.2%

Market Correlations
versus... Beta R-squared
S&P500 1.15 94%
MSCI EAFE 1.08 82%
MSCI Emg. Mkts. 0.89 69%

Technical Indicators
Recent close $104.33
30d moving avg. $100.12
Annualized volatility 22.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $129,935

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.3%


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 46.6 19 -6 6.2 +0.9
FLQL Franklin LibertyQ U.S. Equity ETF 33.9 15 -2 6.0 +0.7
JQUA JPMorgan U.S. Quality Factor ETF 33.4 12 1 5.1 -0.2
AVUS Avantis U.S. Equity ETF 32.6 15 -2 4.9 -0.5
ESGV Vanguard ESG U.S. Stock ETF 31.0 12 1 4.6 -0.8
ONEO SPDR Russell 1000 Momentum Focus ETF 30.9 20 -7 5.6 +0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 30.4 19 -6 5.4 +0.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 30.1 17 -4 5.7 +0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 30.1 30 -17 5.1 -0.2
BFOR Barron's 400 ETF 29.9 65 -52 5.6 +0.3
ROUS Hartford Multifactor US Equity ETF 29.8 19 -6 5.9 +0.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 29.2 29 -16 6.0 +0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.0 9 4 4.9 -0.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 28.8 35 -22 5.1 -0.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 28.7 35 -22 5.1 -0.3
JHML John Hancock Multifactor Large Cap ETF 28.2 29 -16 4.9 -0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.6 30 -17 5.3 -0.0
QUS SPDR MSCI USA StrategicFactors ETF 27.5 15 -2 5.3 -0.0
AFLG First Trust Active Factor Large Cap ETF 27.3 55 -42 4.8 -0.6
DFAU Dimensional US Core Equity Market ETF 27.1 12 1 4.7 -0.6
JOET Virtus Terranova US Quality Momentum ETF 27.0 29 -16 4.7 -0.7
TUSA First Trust Total US Market AlphaDEX ETF 26.9 70 -57 4.8 -0.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 26.3 29 -16 7.3 +2.0
FSMD Fidelity Small-Mid Factor ETF 26.2 29 -16 5.3 -0.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 26.1 25 -12 5.0 -0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 26.0 25 -12 5.7 +0.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 25.7 20 -7 3.9 -1.5
RSP Invesco S&P 500 Equal Weight ETF 25.7 20 -7 5.6 +0.3
VFVA Vanguard U.S. Value Factor ETF 25.6 14 -1 8.5 +3.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 25.4 6 7 4.1 -1.3
RESP WisdomTree US ESG Fund of Benef Interest 25.2 28 -15 5.2 -0.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 25.2 39 -26 3.5 -1.8
SPTM SPDR Portfolio Total Stock Market ETF 24.9 3 10 4.9 -0.5
VTHR Vanguard Russell 3000 Index Fund 24.7 10 3 4.5 -0.9
EPS WisdomTree U.S. Earnings 500 Fund 24.7 8 5 6.0 +0.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 24.7 17 -4 4.1 -1.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 24.5 18 -5 5.6 +0.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 24.5 25 -12 4.8 -0.5
EUSA iShares MSCI USA Equal Weighted ETF 24.5 15 -2 5.1 -0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 24.4 75 -62 2.1 -3.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.3 12 1 4.1 -1.2
STLC iShares Factors US Blend Style ETF 24.3 25 -12 4.9 -0.5
IWV iShares Russell 3000 ETF 24.2 20 -7 4.4 -1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 24.1 25 -12 5.8 +0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 24.1 60 -47 3.7 -1.6
SIZE iShares MSCI USA Size Factor ETF 24.1 15 -2 5.2 -0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 24.1 9 4 5.0 -0.3
SCHB Schwab U.S. Broad Market ETF 24.1 3 10 4.5 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 24.0 3 10 4.5 -0.9
VFLQ Vanguard U.S. Liquidity Factor ETF 23.8 14 -1 3.5 -1.9
IUSS Invesco Strategic US Small Company ETF 23.7 23 -10 3.7 -1.6
IWR iShares Russell Midcap ETF 23.7 19 -6 4.7 -0.6
PRF Invesco FTSE RAFI US 1000 ETF 23.7 39 -26 5.8 +0.5
PSET Principal Price Setters Index ETF 23.6 15 -2 4.7 -0.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 23.6 66 -53 1.8 -3.5
IYY iShares Dow Jones U.S. ETF 23.6 20 -7 4.5 -0.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 23.6 15 -2 4.7 -0.6
CATH Global X S&P 500 Catholic Values Custom ETF 23.6 29 -16 4.7 -0.7
QUAL iShares MSCI Usa Quality Factor ETF 23.6 15 -2 5.1 -0.3
VTI Vanguard Total Stock Market Index Fund 23.6 3 10 4.5 -0.8
SCHK Schwab 1000 Index ETF 23.5 5 8 4.7 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 23.5 20 -7 4.9 -0.5
IWB iShares Russell 1000 ETF 23.5 15 -2 4.6 -0.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 23.5 35 -22 5.1 -0.2
QLC FlexShares US Quality Large Cap Index Fund 23.5 32 -19 4.5 -0.8
VB Vanguard Small-Cap ETF 23.4 5 8 4.5 -0.9
PBP Invesco S&P 500 BuyWrite ETF 23.4 49 -36 4.4 -1.0
IUS Invesco Strategic US ETF 23.3 19 -6 5.5 +0.2
SCHA Schwab U.S. Small-Cap ETF 23.3 4 9 3.6 -1.7
SCHV Schwab U.S. Large-Cap Value ETF 23.3 4 9 6.1 +0.7
DGRO iShares Core Dividend Growth ETF 23.3 8 5 6.0 +0.7
SUSL iShares ESG MSCI USA Leaders ETF 23.2 10 3 4.9 -0.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 23.2 10 3 4.9 -0.4
SPHQ Invesco S&P 500 Quality ETF 23.2 15 -2 4.5 -0.9
JHMM John Hancock Multifactor Mid Cap ETF 23.2 42 -29 4.7 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 23.1 20 -7 4.7 -0.7
RECS Columbia Research Enhanced Core ETF 23.1 15 -2 5.2 -0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 23.1 60 -47 4.4 -0.9
VOO VANGUARD S&P 500 ETF 23.0 3 10 4.9 -0.4
SPLG SPDR Portfolio Large Cap ETF 23.0 3 10 4.8 -0.5
SPY SPDR S&P 500 ETF Trust 23.0 9 4 4.8 -0.6
IVV iShares Core S&P 500 ETF 22.9 3 10 4.8 -0.5
SCHX Schwab U.S. Large-Cap ETF 22.9 3 10 4.6 -0.7
DSI iShares MSCI KLD 400 Social ETF 22.9 25 -12 4.7 -0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 22.9 49 -36 3.5 -1.8
JVAL JPMorgan U.S. Value Factor ETF 22.9 12 1 7.2 +1.9
VFMO Vanguard U.S. Momentum Factor ETF 22.9 13 0 1.4 -3.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 22.8 17 -4 6.1 +0.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 22.8 28 -15 6.1 +0.8
SPXE ProShares S&P 500 Ex-Energy ETF 22.8 27 -14 4.7 -0.6
VOOG Vanguard S&P 500 Growth ETF 22.7 10 3 4.1 -1.3
PBUS Invesco PureBeta MSCI USA ETF 22.7 4 9 4.7 -0.7
IQSU IQ Candriam ESG US Equity ETF 22.7 9 4 4.6 -0.7
KRMA Global X Conscious Companies ETF 22.7 43 -30 4.9 -0.4
IUSG iShares Core S&P US Growth ETF 22.6 4 9 3.8 -1.5
IWF iShares Russell 1000 Growth ETF 22.6 19 -6 3.6 -1.8
DTD WisdomTree U.S.Total Dividend Fund 22.5 28 -15 6.3 +0.9

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 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 15.3 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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