Vanguard U.S. Value Factor ETF
ALTAR
Score™
16.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.0x P/Sales
ratio
0.3x
P/BV
ratio
0.6x Div.
yield
4.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website www.vangaurd.com
Inception date Feb 13, 2018
Assets (mns) $71
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 1007
Wgt avg mkt cap (mns) $27,838
Large cap (>$10bn) 41.8%
Mid cap ($2-10bn) 23.6%
Small cap (<$2bn) 34.6%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
AT&T INC 0.9 %
EXELON CORP 0.9 %
DUKE ENERGY CORP 0.9 %
CIGNA CORP 0.9 %
CVS CAREMARK CORP 0.9 %
BIOGEN IDEC INC 0.8 %
HP INC. 0.8 %
T-MOBILE US, INC. 0.8 %
KRAFT FOODS GROUP INC 0.8 %
HCA HOLDINGS INC 0.7 %
Total 8.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
BERMUDA 2.1 %
BRITAIN 1.5 %
IRELAND 1.4 %
SWITZERLAND 0.6 %
PUERTO RICO 0.5 %
NETHERLANDS 0.5 %
MONACO 0.4 %
SINGAPORE 0.2 %
CAYMAN ISLANDS 0.1 %

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.
-39.3% -32.9% -- -- -18.7%

Market Correlations
versus... Beta R-squared
S&P500 1.53 87%
MSCI EAFE 1.58 84%
MSCI Emg. Mkts. 1.27 75%

Technical Indicators
Recent close $43.17
30d moving avg. $54.47
Annualized volatility 28.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 30

Liquidity measures
Avg. volume (thou.) 45
Turnover 2.7%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $95,340

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VFVA Expense: 13 bp ALTAR Score™: 16.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VFVA
Ticker Fund
Name
Overlap1
vs VFVA
(%)
Expense
ratio
(bp)
Savings
vs VFVA
(bp)
ALTAR
Score™
(%)
ALTAR
vs VFVA
(%)
FAB First Trust Multi Cap Value AlphaDEX Fund 52.4 71 -58 13.7 -3.2
TUSA First Trust Total US Market AlphaDEX ETF 40.3 70 -57 9.5 -7.4
FTA First Trust Large Cap Value AlphaDEX Fund 37.4 60 -47 12.4 -4.6
JVAL JPMorgan U.S. Value Factor ETF 37.3 12 1 12.2 -4.7
PRF Invesco FTSE RAFI US 1000 ETF 37.1 39 -26 9.4 -7.6
VLU SPDR S&P 1500 Value Tilt ETF 36.5 12 1 9.8 -7.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 34.8 25 -12 8.6 -8.4
IUSV iShares Core S&P U.S. Value ETF 33.8 4 9 9.5 -7.4
IWD iShares Russell 1000 Value ETF 33.7 19 -6 9.3 -7.7
VONV Vanguard Russell 1000 Value Index Fund 33.7 8 5 9.4 -7.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 33.7 25 -12 8.7 -8.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 33.6 25 -12 8.5 -8.5
USDY Pacific Global US Equity Income ETF 32.9 29 -16 10.7 -6.2
VFMF Vanguard U.S. Multifactor ETF 32.8 18 -5 11.2 -5.7
RWL Invesco S&P 500 Revenue ETF 32.0 39 -26 9.3 -7.6
SPYV SPDR Portfolio S&P 500 Value ETF 31.7 4 9 9.4 -7.6
IVE iShares S&P 500 Value ETF 31.7 18 -5 9.2 -7.7
VOOV Vanguard S&P 500 Value ETF 31.3 15 -2 9.3 -7.7
EQAL Invesco Russell 1000 Equal Weight ETF 31.3 20 -7 7.7 -9.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 30.8 29 -16 9.4 -7.5
AVUS Avantis U.S. Equity ETF 30.6 15 -2 8.1 -8.8
VLUE iShares Edge MSCI USA Value Factor ETF 30.4 15 -2 14.6 -2.3
VTV Vanguard Value Index Fund 30.3 4 9 9.3 -7.7
FEX First Trust Large Cap Core AlphaDEX Fund 29.7 60 -47 8.2 -8.7
EPS WisdomTree U.S. Earnings 500 Fund 29.0 8 5 8.6 -8.3
SCHV Schwab U.S. Large-Cap Value ETF 28.4 4 9 9.1 -7.8
EUSA iShares MSCI USA Equal Weighted ETF 28.2 15 -2 8.6 -8.4
RSP Invesco S&P 500 Equal Weight ETF 28.2 20 -7 8.9 -8.1
RPV Invesco S&P 500 Pure Value ETF 28.2 35 -22 17.5 +0.6
VALQ American Century STOXX U.S. Quality Value ETF 28.0 29 -16 12.0 -5.0
IUS Invesco Strategic US ETF 27.4 19 -6 8.1 -8.9
DIVB iShares U.S. Dividend & Buyback ETF 27.4 25 -12 8.9 -8.0
DTD WisdomTree U.S.Total Dividend Fund 27.2 28 -15 8.6 -8.3
SIZE iShares Edge MSCI USA Size Factor ETF 27.2 15 -2 8.4 -8.5
SPVU Invesco S&P 500 Enhanced Value ETF 26.7 13 0 16.1 -0.8
JKF iShares Morningstar Large Cap Value ETF 26.7 25 -12 9.7 -7.3
JHML John Hancock Multifactor Large Cap ETF 26.7 34 -21 7.6 -9.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 26.5 9 4 8.5 -8.4
FVAL Fidelity Value Factor ETF 26.5 29 -16 11.1 -5.8
IWX iShares Russell Top 200 Value ETF 26.4 20 -7 8.9 -8.1
VYM Vanguard High Dividend Yield Index ETF 26.3 6 7 9.0 -7.9
MGV Vanguard Mega Cap Value ETF 26.2 7 6 9.0 -8.0
VFLQ Vanguard U.S. Liquidity Factor ETF 26.2 13 0 5.5 -11.5
REVS Columbia Research Enhanced Value ETF 26.1 19 -6 10.0 -6.9
RAFE PIMCO RAFI ESG U.S. ETF 25.9 29 -16 10.2 -6.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 25.9 19 -6 8.5 -8.5
ONEO SPDR Russell 1000 Momentum Focus ETF 25.0 20 -7 9.6 -7.4
ROUS Hartford Multifactor US Equity ETF 24.7 19 -6 9.4 -7.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.7 30 -17 8.0 -8.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 24.6 17 -4 9.4 -7.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 24.6 20 -7 10.6 -6.4
CFA Victory CEMP US 500 Volatility Weighted Index ETF 24.6 35 -22 8.2 -8.7
VBR Vanguard Small Cap Value Index Fund 24.1 7 6 12.3 -4.6
RNLC Large Cap US Equity Select ETF 23.9 60 -47 8.2 -8.8
SPTM SPDR Portfolio Total Stock Market ETF 23.9 3 10 7.4 -9.5
SCHB Schwab U.S. Broad Market ETF 23.9 3 10 7.2 -9.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 23.8 3 10 7.1 -9.9
IWV iShares Russell 3000 ETF 23.7 20 -7 6.9 -10.0
FLAG FLAG-Forensic Accounting Long Short ETF 23.7 152 -139 12.1 -4.9
SCIU Global X Scientific Beta US ETF 23.6 19 -6 7.8 -9.2
VTHR Vanguard Russell 3000 Index Fund 23.6 10 3 7.0 -9.9
VTI Vanguard Total Stock Market Index Fund 23.6 3 10 7.1 -9.9
IYY iShares Dow Jones U.S. ETF 23.6 20 -7 7.1 -9.9
SPXT ProShares S&P 500 Ex-Technology ETF 23.5 27 -14 7.4 -9.5
VUSE Vident Core US Equity Fund 23.5 48 -35 11.3 -5.7
DLN WisdomTree U.S. LargeCap Dividend Fund 23.5 28 -15 8.1 -8.8
SCHK Schwab 1000 Index ETF 23.2 5 8 7.2 -9.8
IWB iShares Russell 1000 ETF 23.1 15 -2 7.1 -9.9
CATH Global X S&P 500 Catholic Values Custom ETF 23.1 29 -16 7.1 -9.8
PBP Invesco S&P 500 BuyWrite ETF 23.1 49 -36 6.8 -10.2
VONE Vanguard Russell 1000 ETF 23.1 8 5 7.1 -9.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.0 29 -16 8.2 -8.7
IWS iShares Russell Mid-Cap Value ETF 23.0 24 -11 10.1 -6.8
JDIV JPMorgan U.S. Dividend ETF 23.0 12 1 11.0 -6.0
SCHX Schwab U.S. Large-Cap ETF 22.8 3 10 7.1 -9.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 22.8 17 -4 9.2 -7.7
HSPX Global X S&P 500 Covered Call ETF 22.8 65 -52 6.6 -10.4
EQWL Invesco Russell Top 200 Equal Weight ETF 22.7 25 -12 7.7 -9.3
PBUS Invesco PureBeta MSCI USA ETF 22.7 4 9 7.2 -9.8
SPLG SPDR Portfolio Large Cap ETF 22.6 3 10 7.2 -9.7
SPY SPDR S&P 500 ETF Trust 22.6 9 4 7.2 -9.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 22.6 2 11 7.2 -9.8
IVV iShares Core S&P 500 ETF 22.5 4 9 7.2 -9.7
VOO VANGUARD S&P 500 ETF 22.4 3 10 7.2 -9.7
VV Vanguard Large-Cap Index Fund 22.3 4 9 7.1 -9.9
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 22.1 15 -2 9.0 -7.9
RBUS Nationwide Risk-Based U.S. Equity ETF 22.0 30 -17 7.3 -9.7
QUS SPDR MSCI USA StrategicFactors ETF 22.0 15 -2 7.4 -9.6
IEFN iShares Evolved U.S. Financials ETF 21.8 18 -5 12.4 -4.5
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 21.7 35 -22 11.6 -5.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 21.2 9 4 7.4 -9.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 21.2 20 -7 7.2 -9.7
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF 21.0 35 -22 11.6 -5.3
SFY SoFi Select 500 ETF 21.0 0 13 6.7 -10.2
ONEY SPDR Russell 1000 Yield Focus ETF 20.9 20 -7 12.4 -4.6
AFLG First Trust Active Factor Large Cap ETF 20.8 55 -42 7.8 -9.1
SPXE ProShares S&P 500 Ex-Energy ETF 20.8 27 -14 7.1 -9.8
SPXV ProShares S&P 500 Ex-Health Care ETF 20.8 27 -14 6.9 -10.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 20.7 25 -12 9.9 -7.1
PVAL Principal Contrarian Value Index ETF 20.6 29 -16 10.8 -6.1

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. Value Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.7 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 16.9 %
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.