Vanguard U.S. Value Factor ETF
ALTAR
Score™
11.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
15.9x P/Sales
ratio
0.6x
P/BV
ratio
1.0x Div.
yield
3.1%


  • 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) $108
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 730
Wgt avg mkt cap (mns) $30,018
Large cap (>$10bn) 42.3%
Mid cap ($2-10bn) 30.3%
Small cap (<$2bn) 27.5%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
AT&T INC 0.9 %
KRAFT FOODS GROUP INC 0.8 %
PUBLIC SERVICE ENTERPRISE GP 0.8 %
WALGREENS BOOTS ALLIANCE INC 0.7 %
DOW CHEMICAL 0.7 %
HCA HOLDINGS INC 0.7 %
CVS CAREMARK CORP 0.7 %
FEDEX CORP 0.7 %
TRAVELERS COS INC/THE 0.7 %
AMERICAN INTERNATIONAL GROUP 0.7 %
Total 7.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.5 %
BERMUDA 1.9 %
IRELAND 1.5 %
BRITAIN 1.3 %
SWITZERLAND 0.8 %
PUERTO RICO 0.5 %
NETHERLANDS 0.5 %
MONACO 0.3 %
CANADA 0.3 %
SINGAPORE 0.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.5% -16.3% -- -- -8.2%

Market Correlations
versus... Beta R-squared
S&P500 1.53 89%
MSCI EAFE 1.62 85%
MSCI Emg. Mkts. 1.26 77%

Technical Indicators
Recent close $58.16
30d moving avg. $60.24
Annualized volatility 30.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 19
Turnover 1.0%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $100,160

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: 14 bp ALTAR Score™: 11.7%


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 48.6 71 -57 9.8 -2.0
VLU SPDR S&P 1500 Value Tilt ETF 38.5 12 2 7.5 -4.2
JVAL JPMorgan U.S. Value Factor ETF 36.2 12 2 8.8 -2.9
PRF Invesco FTSE RAFI US 1000 ETF 36.0 39 -25 6.9 -4.9
TUSA First Trust Total US Market AlphaDEX ETF 35.2 70 -56 6.1 -5.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 35.0 25 -11 6.6 -5.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 34.0 25 -11 6.7 -5.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 34.0 25 -11 6.6 -5.2
VONV Vanguard Russell 1000 Value Index Fund 33.8 8 6 7.4 -4.4
IUSV iShares Core S&P U.S. Value ETF 33.2 4 10 7.6 -4.2
FTA First Trust Large Cap Value AlphaDEX Fund 32.1 60 -46 9.4 -2.3
IWD iShares Russell 1000 Value ETF 31.3 19 -5 7.2 -4.5
VOOV Vanguard S&P 500 Value ETF 31.1 15 -1 7.4 -4.3
RWL Invesco S&P 500 Revenue ETF 31.0 39 -25 7.3 -4.4
SPYV SPDR Portfolio S&P 500 Value ETF 30.9 4 10 7.5 -4.3
IVE iShares S&P 500 Value ETF 30.9 18 -4 7.3 -4.4
VTV Vanguard Value Index Fund 30.9 4 10 7.5 -4.3
IUS Invesco Strategic US ETF 30.5 19 -5 6.7 -5.0
USDY Pacific Global US Equity Income ETF 30.1 29 -15 7.3 -4.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 29.5 29 -15 6.8 -4.9
SCHV Schwab U.S. Large-Cap Value ETF 28.8 4 10 7.2 -4.5
VLUE iShares Edge MSCI USA Value Factor ETF 28.3 15 -1 11.5 -0.2
VFMF Vanguard U.S. Multifactor ETF 28.2 19 -5 7.3 -4.4
EQAL Invesco Russell 1000 Equal Weight ETF 27.9 20 -6 5.8 -5.9
EPS WisdomTree U.S. Earnings 500 Fund 27.9 8 6 6.5 -5.2
AVUS Avantis U.S. Equity ETF 27.9 15 -1 5.8 -6.0
VFLQ Vanguard U.S. Liquidity Factor ETF 27.5 14 0 4.8 -6.9
MGV Vanguard Mega Cap Value ETF 27.2 7 7 7.3 -4.4
PVAL Principal Contrarian Value Index ETF 27.1 29 -15 10.4 -1.3
VBR Vanguard Small Cap Value Index Fund 27.0 7 7 8.6 -3.1
FEX First Trust Large Cap Core AlphaDEX Fund 27.0 60 -46 6.1 -5.6
RSP Invesco S&P 500 Equal Weight ETF 26.8 20 -6 6.8 -4.9
DIVB iShares U.S. Dividend & Buyback ETF 26.6 25 -11 6.6 -5.1
VYM Vanguard High Dividend Yield Index ETF 26.6 6 8 7.4 -4.3
EUSA iShares MSCI USA Equal Weighted ETF 26.6 15 -1 6.3 -5.4
DTD WisdomTree U.S.Total Dividend Fund 26.6 28 -14 6.7 -5.0
SIZE iShares Edge MSCI USA Size Factor ETF 26.3 15 -1 6.4 -5.3
RAFE PIMCO RAFI ESG U.S. ETF 26.2 29 -15 7.8 -3.9
VALQ American Century STOXX U.S. Quality Value ETF 26.1 29 -15 9.2 -2.5
FVAL Fidelity Value Factor ETF 24.9 29 -15 8.0 -3.7
JHML John Hancock Multifactor Large Cap ETF 24.8 29 -15 5.6 -6.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 24.7 29 -15 10.0 -1.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 24.6 18 -4 6.3 -5.4
SPVU Invesco S&P 500 Enhanced Value ETF 24.5 13 1 11.6 -0.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 24.5 35 -21 6.0 -5.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.5 30 -16 6.6 -5.2
IWX iShares Russell Top 200 Value ETF 24.3 20 -6 7.2 -4.6
ONEO SPDR Russell 1000 Momentum Focus ETF 24.3 20 -6 6.6 -5.2
RPV Invesco S&P 500 Pure Value ETF 24.2 35 -21 11.4 -0.3
REVS Columbia Research Enhanced Value ETF 23.9 19 -5 7.8 -3.9
RNLC Large Cap US Equity Select ETF 23.8 60 -46 6.3 -5.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 23.7 20 -6 9.7 -2.0
ROUS Hartford Multifactor US Equity ETF 23.5 19 -5 7.4 -4.4
IWN iShares Russell 2000 Value ETF 23.4 24 -10 7.5 -4.2
IWS iShares Russell Mid-Cap Value ETF 23.1 24 -10 7.4 -4.4
DLN WisdomTree U.S. LargeCap Dividend Fund 23.0 28 -14 6.4 -5.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 22.8 29 -15 6.3 -5.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 22.7 9 5 5.9 -5.8
ONEY SPDR Russell 1000 Yield Focus ETF 22.7 20 -6 9.5 -2.2
SPXT ProShares S&P 500 Ex-Technology ETF 22.7 27 -13 5.7 -6.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 22.6 17 -3 6.6 -5.1
RNDV US Equity Dividend Select ETF 22.6 50 -36 7.7 -4.0
JKF iShares Morningstar Large Cap Value ETF 22.5 25 -11 7.6 -4.1
VUSE Vident Core US Equity Fund 22.4 48 -34 8.5 -3.3
SPTM SPDR Portfolio Total Stock Market ETF 22.3 3 11 5.5 -6.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 22.2 20 -6 7.7 -4.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 22.2 25 -11 6.9 -4.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 22.1 17 -3 6.5 -5.3
SPVM Invesco S&P 500 Value with Momentum ETF 22.1 39 -25 9.2 -2.5
SCHB Schwab U.S. Broad Market ETF 22.0 3 11 5.3 -6.5
JDIV JPMorgan U.S. Dividend ETF 22.0 12 2 8.0 -3.8
SCIU Global X Scientific Beta US ETF 22.0 19 -5 5.8 -5.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 22.0 3 11 5.2 -6.5
IYY iShares Dow Jones U.S. ETF 21.9 20 -6 5.2 -6.6
VTHR Vanguard Russell 3000 Index Fund 21.9 10 4 5.1 -6.6
EQWL Invesco Russell Top 200 Equal Weight ETF 21.8 25 -11 6.1 -5.6
VTI Vanguard Total Stock Market Index Fund 21.8 3 11 5.2 -6.5
IWV iShares Russell 3000 ETF 21.8 20 -6 5.1 -6.7
IEFN iShares Evolved U.S. Financials ETF 21.7 18 -4 9.4 -2.3
QUS SPDR MSCI USA StrategicFactors ETF 21.6 15 -1 5.9 -5.9
FVD First Trust Value Line Dividend Index Fund 21.6 70 -56 6.4 -5.3
VONE Vanguard Russell 1000 ETF 21.5 8 6 5.3 -6.5
SCHK Schwab 1000 Index ETF 21.5 5 9 5.3 -6.4
PBP Invesco S&P 500 BuyWrite ETF 21.4 49 -35 5.0 -6.7
SCHX Schwab U.S. Large-Cap ETF 21.3 3 11 5.3 -6.4
IWB iShares Russell 1000 ETF 21.2 15 -1 5.2 -6.5
VOO VANGUARD S&P 500 ETF 21.2 3 11 5.4 -6.3
HSPX Global X S&P 500 Covered Call ETF 21.1 65 -51 4.9 -6.8
SPLG SPDR Portfolio Large Cap ETF 21.1 3 11 5.4 -6.3
SPY SPDR S&P 500 ETF Trust 21.1 9 5 5.4 -6.4
IVV iShares Core S&P 500 ETF 21.1 4 10 5.4 -6.3
PBUS Invesco PureBeta MSCI USA ETF 21.0 4 10 5.3 -6.5
VV Vanguard Large-Cap Index Fund 20.9 4 10 5.3 -6.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 20.9 6 8 5.5 -6.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 20.8 2 12 5.3 -6.4
CATH Global X S&P 500 Catholic Values Custom ETF 20.8 29 -15 5.2 -6.5
EZM WisdomTree U.S. MidCap Earnings Fund 20.7 38 -24 9.4 -2.3
VFQY Vanguard U.S. Quality Factor ETF 20.7 13 1 6.1 -5.6
VTWV Vanguard Russell 2000 Value Index Fund 20.7 15 -1 7.7 -4.1
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 20.7 29 -15 10.0 -1.7

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 11.5 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 14 bp
Equals: ALTAR Score 11.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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