Vanguard U.S. Value Factor ETF
ALTAR
Score™
8.1% info Recommen-
dation
SPECULATIVE
2021E    2022E
P/E
ratio
13.0x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
2.2%


  • 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) $226
Currency USD
Expense ratio 14 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 876
Wgt avg mkt cap (mns) $51,762
Large cap (>$10bn) 47.8%
Mid cap ($2-10bn) 30.9%
Small cap (<$2bn) 21.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GILEAD SCIENCES INC 1.1 %
VERIZON COMMUNICATIONS INC 1.1 %
MICRON TECHNOLOGY INC 1.0 %
DOW CHEMICAL 1.0 %
HCA HOLDINGS INC 0.9 %
KINDER MORGAN INC 0.9 %
DUKE ENERGY CORP 0.9 %
CVS CAREMARK CORP 0.8 %
CITIGROUP INC 0.8 %
WELLS FARGO & CO 0.8 %
Total 9.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 128.3 %
BERMUDA 3.0 %
BRITAIN 1.4 %
IRELAND 1.0 %
PUERTO RICO 0.7 %
SWITZERLAND 0.5 %
MONACO 0.4 %
CANADA 0.3 %
CAYMAN ISLANDS 0.2 %
NETHERLANDS 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
12.4% 39.2% -- -- 7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.47 84%
MSCI EAFE 1.45 81%
MSCI Emg. Mkts. 1.25 75%

Technical Indicators
Recent close $90.51
30d moving avg. $86.00
Annualized volatility 29.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.7%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.8%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $102,331

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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: 14 bp ALTAR Score™: 8.1%


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 59.1 71 -57 7.3 -0.8
VLU SPDR S&P 1500 Value Tilt ETF 46.6 12 2 5.9 -2.2
JVAL JPMorgan U.S. Value Factor ETF 45.4 12 2 7.0 -1.1
PRF Invesco FTSE RAFI US 1000 ETF 45.2 39 -25 5.6 -2.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 44.9 25 -11 5.5 -2.6
TUSA First Trust Total US Market AlphaDEX ETF 44.1 70 -56 5.0 -3.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 43.5 25 -11 5.6 -2.5
VOOV Vanguard S&P 500 Value ETF 42.6 10 4 6.2 -1.9
VONV Vanguard Russell 1000 Value Index Fund 42.1 8 6 6.0 -2.1
IUSV iShares Core S&P U.S. Value ETF 40.8 4 10 6.2 -1.8
VFMF Vanguard U.S. Multifactor ETF 39.8 19 -5 6.4 -1.7
IWD iShares Russell 1000 Value ETF 39.6 19 -5 5.9 -2.2
FTA First Trust Large Cap Value AlphaDEX Fund 39.3 60 -46 7.1 -1.0
RWL Invesco S&P 500 Revenue ETF 39.2 39 -25 6.0 -2.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 39.0 25 -11 5.0 -3.1
VTV Vanguard Value Index Fund 38.8 4 10 6.5 -1.6
VBR Vanguard Small Cap Value Index Fund 38.3 7 7 6.1 -2.0
VYM Vanguard High Dividend Yield Index ETF 38.3 6 8 6.8 -1.3
SPYV SPDR Portfolio S&P 500 Value ETF 38.2 4 10 6.2 -1.9
IVE iShares S&P 500 Value ETF 38.2 18 -4 6.1 -2.0
IUS Invesco Strategic US ETF 37.0 19 -5 5.3 -2.8
AVUS Avantis U.S. Equity ETF 36.8 15 -1 5.0 -3.0
VLUE iShares MSCI USA Value Factor ETF 35.5 15 -1 9.3 +1.2
SCHV Schwab U.S. Large-Cap Value ETF 35.2 4 10 6.1 -2.0
EQAL Invesco Russell 1000 Equal Weight ETF 34.7 20 -6 5.0 -3.0
RPV Invesco S&P 500 Pure Value ETF 34.4 35 -21 8.9 +0.8
RSP Invesco S&P 500 Equal Weight ETF 34.2 20 -6 5.4 -2.7
MGV Vanguard Mega Cap Value ETF 34.1 7 7 6.5 -1.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 33.9 29 -15 6.3 -1.8
FUNL CornerCap Fundametrics Large-Cap ETF 33.6 50 -36 7.3 -0.8
ESGV Vanguard ESG U.S. Stock ETF 32.6 12 2 4.7 -3.4
DTD WisdomTree U.S.Total Dividend Fund 32.5 28 -14 6.4 -1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 32.5 30 -16 5.5 -2.5
DIVB iShares U.S. Dividend & Buyback ETF 32.2 25 -11 6.0 -2.1
VUSE Vident Core US Equity Fund 32.2 48 -34 6.9 -1.2
EPS WisdomTree U.S. Earnings 500 Fund 31.8 8 6 6.2 -1.9
EUSA iShares MSCI USA Equal Weighted ETF 31.6 15 -1 5.1 -3.0
IWN iShares Russell 2000 Value ETF 31.5 24 -10 4.8 -3.3
VALQ American Century STOXX U.S. Quality Value ETF 31.5 29 -15 7.7 -0.3
RAFE PIMCO RAFI ESG U.S. ETF 31.5 30 -16 6.6 -1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 31.4 17 -3 6.1 -2.0
FEX First Trust Large Cap Core AlphaDEX Fund 31.4 60 -46 5.0 -3.1
SIZE iShares MSCI USA Size Factor ETF 31.4 15 -1 5.1 -3.0
IWX iShares Russell Top 200 Value ETF 31.4 20 -6 6.1 -2.0
DFAU Dimensional US Core Equity Market ETF 31.1 12 2 4.9 -3.2
SPVU Invesco S&P 500 Enhanced Value ETF 31.0 13 1 8.8 +0.7
FVAL Fidelity Value Factor ETF 30.9 29 -15 6.7 -1.3
ONEO SPDR Russell 1000 Momentum Focus ETF 30.8 20 -6 5.7 -2.4
VFLQ Vanguard U.S. Liquidity Factor ETF 30.8 14 0 3.7 -4.4
VTWV Vanguard Russell 2000 Value Index Fund 30.8 15 -1 4.9 -3.2
JHML John Hancock Multifactor Large Cap ETF 30.8 29 -15 5.0 -3.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.5 18 -4 5.9 -2.2
VFQY Vanguard U.S. Quality Factor ETF 30.2 13 1 5.5 -2.5
REVS Columbia Research Enhanced Value ETF 30.2 19 -5 6.7 -1.3
IWS iShares Russell Mid-Cap Value ETF 30.0 24 -10 5.6 -2.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 30.0 35 -21 5.2 -2.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 30.0 35 -21 5.2 -2.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 29.8 25 -11 4.6 -3.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 29.7 30 -16 5.2 -2.9
IEFN iShares Evolved U.S. Financials ETF 29.6 18 -4 7.4 -0.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 29.5 15 -1 6.1 -2.0
EQWL Invesco Russell Top 200 Equal Weight ETF 29.2 25 -11 5.8 -2.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 29.0 9 5 5.2 -2.9
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 29.0 20 -6 6.8 -1.3
JDIV JPMorgan U.S. Dividend ETF 28.9 12 2 6.4 -1.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 28.8 17 -3 5.8 -2.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 28.6 6 8 4.0 -4.1
QUS SPDR MSCI USA StrategicFactors ETF 28.4 15 -1 5.5 -2.6
ROUS Hartford Multifactor US Equity ETF 28.2 19 -5 6.2 -1.9
SPTM SPDR Portfolio Total Stock Market ETF 28.2 3 11 5.0 -3.1
SPXT ProShares S&P 500 Ex-Technology ETF 28.2 27 -13 5.1 -3.0
ONEY SPDR Russell 1000 Yield Focus ETF 28.1 20 -6 6.2 -1.9
FSMD Fidelity Small-Mid Factor ETF 28.0 29 -15 5.9 -2.1
RNLC Large Cap US Equity Select ETF 28.0 60 -46 5.3 -2.8
JKF iShares Morningstar Large Cap Value ETF 27.9 25 -11 6.8 -1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 27.7 28 -14 6.4 -1.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 27.6 35 -21 7.4 -0.6
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 27.6 35 -21 7.4 -0.7
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 27.6 20 -6 0.0 -8.1
SCHA Schwab U.S. Small-Cap ETF 27.5 4 10 3.6 -4.5
VTHR Vanguard Russell 3000 Index Fund 27.4 10 4 4.6 -3.5
IWV iShares Russell 3000 ETF 27.2 20 -6 4.5 -3.6
VB Vanguard Small-Cap ETF 27.2 5 9 4.4 -3.7
SCHB Schwab U.S. Broad Market ETF 27.2 3 11 4.6 -3.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 27.1 3 11 4.6 -3.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 26.8 29 -15 5.3 -2.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 26.8 17 -3 4.0 -4.0
DGRO iShares Core Dividend Growth ETF 26.8 8 6 6.3 -1.7
IYY iShares Dow Jones U.S. ETF 26.7 20 -6 4.6 -3.5
SPVM Invesco S&P 500 Value with Momentum ETF 26.7 39 -25 7.6 -0.5
AVUV Avantis U.S. Small Cap Value ETF 26.6 25 -11 6.3 -1.8
IWB iShares Russell 1000 ETF 26.6 15 -1 4.7 -3.4
VTI Vanguard Total Stock Market Index Fund 26.6 3 11 4.6 -3.5
XYLG Global X S&P 500 Covered Call & Growth ETF 26.5 60 -46 4.5 -3.6
VFH Vanguard Financials Index Fund 26.4 10 4 7.1 -1.0
PBP Invesco S&P 500 BuyWrite ETF 26.4 49 -35 4.5 -3.6

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 11.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 14 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.50
 
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.