Vanguard U.S. Value Factor ETF
ALTAR
Score™
9.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.2x P/Sales
ratio
0.9x
P/BV
ratio
1.3x Div.
yield
2.5%


  • 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) $139
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 752
Wgt avg mkt cap (mns) $31,736
Large cap (>$10bn) 45.4%
Mid cap ($2-10bn) 29.1%
Small cap (<$2bn) 25.5%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
HCA HOLDINGS INC 0.8 %
MICRON TECHNOLOGY INC 0.8 %
GENERAL MOTORS CO 0.8 %
CVS CAREMARK CORP 0.7 %
MORGAN STANLEY 0.6 %
KINDER MORGAN INC 0.6 %
AMERICAN INTERNATIONAL GROUP 0.6 %
EXELON CORP 0.6 %
AT&T INC 0.6 %
KRAFT FOODS GROUP INC 0.6 %
Total 6.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.7 %
BERMUDA 2.1 %
BRITAIN 1.2 %
IRELAND 0.8 %
SWITZERLAND 0.5 %
PUERTO RICO 0.5 %
NETHERLANDS 0.3 %
MONACO 0.3 %
SINGAPORE 0.2 %
PERU 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.3% -11.7% -- -- -4.9%

Market Correlations
versus... Beta R-squared
S&P500 1.43 85%
MSCI EAFE 1.55 81%
MSCI Emg. Mkts. 1.20 74%

Technical Indicators
Recent close $77.07
30d moving avg. $68.38
Annualized volatility 28.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.8%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $61,083

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 9.3%


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 50.7 71 -57 8.1 -1.2
TUSA First Trust Total US Market AlphaDEX ETF 40.6 70 -56 5.3 -4.0
VLU SPDR S&P 1500 Value Tilt ETF 39.7 12 2 6.4 -2.9
PRF Invesco FTSE RAFI US 1000 ETF 37.8 39 -25 6.0 -3.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 37.8 25 -11 5.9 -3.4
JVAL JPMorgan U.S. Value Factor ETF 37.1 12 2 7.4 -1.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 36.4 25 -11 5.9 -3.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 36.0 25 -11 5.6 -3.7
IUSV iShares Core S&P U.S. Value ETF 35.9 4 10 6.7 -2.6
VONV Vanguard Russell 1000 Value Index Fund 34.0 8 6 6.3 -3.0
VOOV Vanguard S&P 500 Value ETF 33.8 10 4 6.6 -2.7
IWD iShares Russell 1000 Value ETF 33.6 19 -5 6.2 -3.1
IVE iShares S&P 500 Value ETF 33.0 18 -4 6.5 -2.8
SPYV SPDR Portfolio S&P 500 Value ETF 33.0 4 10 6.7 -2.6
RWL Invesco S&P 500 Revenue ETF 32.7 39 -25 6.4 -2.9
FTA First Trust Large Cap Value AlphaDEX Fund 31.9 60 -46 7.5 -1.8
VTV Vanguard Value Index Fund 31.8 4 10 6.7 -2.6
IUS Invesco Strategic US ETF 31.0 19 -5 5.7 -3.7
AVUS Avantis U.S. Equity ETF 30.7 15 -1 5.1 -4.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 30.3 29 -15 6.1 -3.2
USDY Pacific Global US Equity Income ETF 29.9 29 -15 7.7 -1.7
VBR Vanguard Small Cap Value Index Fund 29.8 7 7 7.0 -2.3
VYM Vanguard High Dividend Yield Index ETF 29.3 6 8 6.9 -2.5
EPS WisdomTree U.S. Earnings 500 Fund 29.3 8 6 5.9 -3.4
SCHV Schwab U.S. Large-Cap Value ETF 29.1 4 10 6.2 -3.1
EQAL Invesco Russell 1000 Equal Weight ETF 28.8 20 -6 5.2 -4.1
DTD WisdomTree U.S.Total Dividend Fund 28.6 28 -14 6.1 -3.2
RSP Invesco S&P 500 Equal Weight ETF 28.5 20 -6 5.8 -3.5
VFMF Vanguard U.S. Multifactor ETF 28.3 19 -5 6.5 -2.8
EUSA iShares MSCI USA Equal Weighted ETF 28.3 15 -1 5.5 -3.8
FEX First Trust Large Cap Core AlphaDEX Fund 27.8 60 -46 5.0 -4.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.7 30 -16 6.1 -3.3
DIVB iShares U.S. Dividend & Buyback ETF 27.6 25 -11 6.1 -3.2
MGV Vanguard Mega Cap Value ETF 27.4 7 7 6.6 -2.7
VLUE iShares MSCI USA Value Factor ETF 27.3 15 -1 10.1 +0.8
SIZE iShares MSCI USA Size Factor ETF 27.2 15 -1 5.4 -3.9
VFLQ Vanguard U.S. Liquidity Factor ETF 27.2 14 0 3.7 -5.6
JHML John Hancock Multifactor Large Cap ETF 26.6 29 -15 5.0 -4.3
RAFE PIMCO RAFI ESG U.S. ETF 26.3 29 -15 6.9 -2.4
VUSE Vident Core US Equity Fund 25.7 48 -34 7.9 -1.4
IWX iShares Russell Top 200 Value ETF 25.6 20 -6 6.2 -3.1
ONEO SPDR Russell 1000 Momentum Focus ETF 25.2 20 -6 5.9 -3.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 25.1 35 -21 5.3 -4.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 25.1 35 -21 5.3 -4.0
FVAL Fidelity Value Factor ETF 24.9 29 -15 7.1 -2.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 24.8 18 -4 5.7 -3.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 24.7 17 -3 6.2 -3.1
IWN iShares Russell 2000 Value ETF 24.5 24 -10 5.6 -3.7
DLN WisdomTree U.S. LargeCap Dividend Fund 24.4 28 -14 5.9 -3.4
SPTM SPDR Portfolio Total Stock Market ETF 24.3 3 11 5.1 -4.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.3 29 -15 5.2 -4.2
VALQ American Century STOXX U.S. Quality Value ETF 24.2 29 -15 7.7 -1.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 24.2 9 5 5.4 -3.9
SPVU Invesco S&P 500 Enhanced Value ETF 24.1 13 1 9.7 +0.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 24.1 29 -15 7.7 -1.6
VTHR Vanguard Russell 3000 Index Fund 24.0 10 4 4.6 -4.7
QUS SPDR MSCI USA StrategicFactors ETF 24.0 15 -1 5.4 -3.9
RPV Invesco S&P 500 Pure Value ETF 23.9 35 -21 8.9 -0.5
SPXT ProShares S&P 500 Ex-Technology ETF 23.9 27 -13 5.1 -4.2
IWS iShares Russell Mid-Cap Value ETF 23.8 24 -10 6.1 -3.2
SCHB Schwab U.S. Broad Market ETF 23.7 3 11 4.7 -4.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 23.6 3 11 4.7 -4.7
IWV iShares Russell 3000 ETF 23.6 20 -6 4.5 -4.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 23.4 17 -3 5.9 -3.4
RNLC Large Cap US Equity Select ETF 23.4 60 -46 5.5 -3.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 23.4 25 -11 6.1 -3.2
REVS Columbia Research Enhanced Value ETF 23.2 19 -5 7.1 -2.3
IYY iShares Dow Jones U.S. ETF 23.2 20 -6 4.6 -4.7
HSPX Global X S&P 500 Covered Call ETF 23.2 60 -46 4.6 -4.7
SCHK Schwab 1000 Index ETF 23.2 5 9 4.8 -4.5
IWB iShares Russell 1000 ETF 23.0 15 -1 4.7 -4.6
IEFN iShares Evolved U.S. Financials ETF 23.0 18 -4 8.0 -1.4
PBP Invesco S&P 500 BuyWrite ETF 22.9 49 -35 4.7 -4.6
VTI Vanguard Total Stock Market Index Fund 22.9 3 11 4.6 -4.7
SPVM Invesco S&P 500 Value with Momentum ETF 22.9 39 -25 7.7 -1.6
XYLG Global X S&P 500 Covered Call & Growth ETF 22.7 60 -46 4.6 -4.7
SPLG SPDR Portfolio Large Cap ETF 22.7 3 11 5.0 -4.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 22.7 20 -6 7.7 -1.6
SPY SPDR S&P 500 ETF Trust 22.7 9 5 4.9 -4.4
PBUS Invesco PureBeta MSCI USA ETF 22.6 4 10 4.8 -4.5
IVV iShares Core S&P 500 ETF 22.6 3 11 5.0 -4.3
SCHX Schwab U.S. Large-Cap ETF 22.6 3 11 4.8 -4.6
VTWV Vanguard Russell 2000 Value Index Fund 22.5 15 -1 5.7 -3.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 22.4 2 12 4.8 -4.5
VOO VANGUARD S&P 500 ETF 22.4 3 11 5.0 -4.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 22.4 20 -6 7.0 -2.3
ESGV Vanguard ESG U.S. Stock ETF 22.4 12 2 4.7 -4.6
JDIV JPMorgan U.S. Dividend ETF 22.3 12 2 6.8 -2.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 22.3 6 8 4.4 -4.9
VB Vanguard Small-Cap ETF 22.3 5 9 4.8 -4.5
SCHA Schwab U.S. Small-Cap ETF 22.3 4 10 4.1 -5.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 22.1 35 -21 7.8 -1.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 22.0 20 -6 4.9 -4.4
JKF iShares Morningstar Large Cap Value ETF 22.0 25 -11 6.9 -2.4
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 21.9 35 -21 8.1 -1.2
FUNL CornerCap Fundametrics Large-Cap ETF 21.9 50 -36 7.2 -2.1
ROUS Hartford Multifactor US Equity ETF 21.8 19 -5 6.1 -3.2
AUSF Global X Adaptive U.S. Factor ETF 21.8 27 -13 8.3 -1.0
DGRO iShares Core Dividend Growth ETF 21.8 8 6 6.1 -3.2

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. 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 11.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 14 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.