Vanguard FTSE Europe ETF
ALTAR
Score™
6.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.9x P/Sales
ratio
1.4x
P/BV
ratio
1.6x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Vanguard FTSE Europe ETF seeks to track the performance of the FTSE Developed Europe All Cap Index, which measures the investment return of stocks issued by companies located in the major markets of Europe.

FUND BASICS
Category International Equities
Fund Sponsor Vanguard
Website www.vanguard.com
Inception date Mar 04, 2005
Assets (mns) $14,571
Currency USD
Expense ratio 8 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1295
Wgt avg mkt cap (mns) $71,286
Large cap (>$10bn) 81.3%
Mid cap ($2-10bn) 14.3%
Small cap (<$2bn) 2.6%
Developed mkts 99.1%
Emerging mkts 0.6%

TOP TEN HOLDINGS
NESTLE SA-REG 2.9 %
ROCHE HOLDING AG-GENUSSCHEIN 2.3 %
ASML HOLDING NV 1.9 %
NOVARTIS AG-REG 1.9 %
LVMH MOET HENNESSY LOUIS VUI 1.4 %
SAP AG 1.3 %
ASTRAZENECA PLC 1.2 %
NOVO NORDISK A/S-B 1.1 %
HSBC HOLDINGS PLC 1.0 %
SIEMENS AG-REG 1.0 %
Total 16.0 %

TOP COUNTRY EXPOSURE
BRITAIN 21.5 %
SWITZERLAND 15.0 %
GERMANY 13.8 %
FRANCE 13.4 %
NETHERLANDS 6.0 %
SWEDEN 5.6 %
DENMARK 3.8 %
SPAIN 3.8 %
ITALY 3.4 %
FINLAND 2.2 %

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.
5.4% 5.4% 7.2% 5.6% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.96 80%
MSCI EAFE 1.07 98%
MSCI Emg. Mkts. 0.83 76%

Technical Indicators
Recent close $61.25
30d moving avg. $60.64
Annualized volatility 20.1%
Short interest (ETF) 2.2%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 4,116
Turnover 1.7%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $45,556

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Vanguard FTSE Europe ETF ETF based on the alternatives' overlap in portfolio holdings with VGK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VGK Expense: 8 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VGK
Ticker Fund
Name
Overlap1
vs VGK
(%)
Expense
ratio
(bp)
Savings
vs VGK
(bp)
ALTAR
Score™
(%)
ALTAR
vs VGK
(%)
IEUR iShares Core MSCI Europe ETF 88.4 9 -1 6.6 -0.2
DFAI Dimensional International Core Equity Market ETF 86.6 18 -10 6.4 -0.4
FLEE Franklin FTSE Europe ETF 86.5 9 -1 6.5 -0.3
SPEU SPDR Portfolio Europe ETF 86.4 9 -1 6.8 +0.1
FLEH Franklin FTSE Europe Hedged ETF 86.4 9 -1 6.5 -0.3
BBEU JPMorgan BetaBuilders Europe ETF 83.6 9 -1 6.7 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 82.2 45 -37 6.0 -0.8
IEV iShares Europe ETF 80.1 59 -51 6.3 -0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 62.7 25 -17 5.9 -0.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 57.4 20 -12 6.5 -0.3
EFA iShares MSCI EAFE ETF 57.4 32 -24 6.3 -0.5
IQSI IQ Candriam ESG International Equity ETF 56.5 15 -7 6.4 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 56.1 35 -27 6.1 -0.7
IEFA iShares Core MSCI EAFE ETF 55.1 7 1 6.6 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 54.7 20 -12 6.4 -0.4
ESGD iShares MSCI EAFE ESG Optimized ETF 53.7 20 -12 6.2 -0.6
HFXI IQ 50 Percent Hedged FTSE International ETF 52.7 20 -12 6.5 -0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 52.3 7 1 6.6 -0.2
BKIE BNY Mellon International Equity ETF 51.5 4 4 6.6 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 50.0 5 3 6.5 -0.3
SCHF Schwab International Equity ETF 48.9 6 2 6.6 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 48.4 45 -37 7.7 +0.9
JHMD John Hancock Multifactor Developed International ETF 48.1 39 -31 6.6 -0.2
QEFA SPDR MSCI EAFE Quality Mix ETF 48.0 30 -22 6.0 -0.7
VEA Vanguard FTSE Developed Markets ETF 47.5 5 3 6.6 -0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 45.8 45 -37 6.0 -0.8
SPDW SPDR Portfolio Developed World ex-US ETF 45.5 4 4 6.3 -0.5
EFV iShares MSCI EAFE Value ETF 45.0 39 -31 8.4 +1.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 42.6 35 -27 6.0 -0.8
FNDF Schwab Fundamental International Large Co. Index ETF 42.6 25 -17 7.7 +0.9
PDEV Principal International Multi-Factor Core Index ETF 42.3 25 -17 7.1 +0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 41.9 39 -31 5.6 -1.1
EURZ Xtrackers Eurozone Equity ETF 41.9 9 -1 6.6 -0.2
DWM WisdomTree International Equity Fund 41.9 48 -40 7.2 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 41.7 25 -17 6.1 -0.7
EZU iShares MSCI Eurozone ETF 41.6 51 -43 6.0 -0.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 41.5 40 -32 7.3 +0.5
DOL WisdomTree International LargeCap Dividend Fund 40.8 48 -40 7.2 +0.4
EFG iShares MSCI EAFE Growth ETF 40.1 40 -32 4.1 -2.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 39.5 14 -6 6.1 -0.7
VSGX Vanguard ESG International Stock ETF 38.8 17 -9 6.4 -0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 37.9 12 -4 6.2 -0.5
IQIN IQ 500 International ETF 36.5 25 -17 7.6 +0.8
ACWX iShares MSCI ACWI ex U.S. ETF 36.1 32 -24 6.4 -0.4
CWI SPDR MSCI ACWI ex-US ETF 36.1 30 -22 6.3 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 35.8 8 0 6.8 -0.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 35.6 39 -31 7.5 +0.7
ISDX Invesco RAFI Strategic Developed ex-US ETF 35.6 23 -15 6.3 -0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 35.4 40 -32 6.1 -0.6
CIL VictoryShares International Volatility Weighted Index ETF 35.3 45 -37 6.4 -0.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 35.3 45 -37 6.4 -0.4
IXUS ishares Core MSCI Total International Stock ETF 35.3 9 -1 6.6 -0.2
RESD WisdomTree International ESG Fund 35.0 30 -22 6.5 -0.2
AVDE Avantis International Equity ETF 34.7 23 -15 7.0 +0.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 34.4 58 -50 6.5 -0.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 33.7 30 -22 5.3 -1.5
VYMI Vanguard International High Dividend Yield ETF 33.5 27 -19 9.0 +2.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 32.9 16 -8 6.1 -0.7
ISZE iShares Edge MSCI Intl Size Factor ETF 32.4 30 -22 6.4 -0.4
VXUS Vanguard Total International Stock ETF 29.9 8 0 6.7 -0.1
IVLU iShares Edge MSCI Intl Value Factor ETF 28.4 30 -22 10.0 +3.3
RNDM First Trust Developed International Equity Select ETF 28.3 65 -57 5.8 -1.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.1 29 -21 7.1 +0.4
RFEU First Trust Riverfront Dynamic Europe ETF 28.1 83 -75 5.7 -1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 28.0 40 -32 6.0 -0.8
OEUR O'shares FTSE Europe Quality Dividend ETF 27.8 48 -40 5.2 -1.6
TPIF Timothy Plan International ETF 26.8 62 -54 6.1 -0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 26.5 30 -22 4.2 -2.6
RBIN Nationwide Risk-Based International Equity ETF 25.2 42 -34 6.1 -0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.8 24 -16 6.6 -0.2
FEZ SPDR EURO STOXX 50 ETF 24.2 29 -21 6.2 -0.6
VIGI Vanguard International Dividend Appreciation ETF 24.2 20 -12 5.2 -1.6
FIVA Fidelity International Value Factor ETF 23.5 39 -31 8.7 +2.0
FDEV Fidelity Targeted International Factor ETF 23.2 39 -31 6.2 -0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.1 42 -34 4.7 -2.1
VWID Virtus WMC International Dividend ETF 23.1 49 -41 7.4 +0.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 21.9 20 -12 5.0 -1.8
DTH WisdomTree International High Dividend Fund 21.8 58 -50 8.7 +1.9
QINT American Century Quality Diversified International ETF 21.6 39 -31 5.8 -1.0
IOO iShares Global 100 ETF 21.6 40 -32 4.4 -2.4
JPIN JPMorgan Diversified Return International Equity ETF 21.3 37 -29 7.1 +0.3
RFDI First Trust Riverfront Dynamic Developed International ETF 21.0 83 -75 5.2 -1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 20.5 32 -24 5.7 -1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 20.4 29 -21 7.3 +0.5
FLGB Franklin FTSE United Kingdom ETF 20.4 9 -1 6.9 +0.1
IGRO iShares International Dividend Growth ETF 20.3 15 -7 7.1 +0.3
IDHQ Invesco S&P International Developed Quality ETF 19.9 29 -21 4.8 -2.0
IDMO Invesco S&P International Developed Momentum ETF 19.9 26 -18 3.8 -3.0
TOK iShares MSCI Kokusai ETF 19.7 25 -17 5.0 -1.8
KOKU Xtrackers MSCI Kokusai Equity ETF 19.5 9 -1 5.1 -1.7
QWLD SPDR MSCI World StrategicFactors ETF 19.5 30 -22 5.4 -1.4
ZGBR SPDR Solactive United Kingdom ETF 19.5 14 -6 7.0 +0.2
FEP First Trust Europe AlphaDEX Fund 19.1 80 -72 7.6 +0.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 19.1 45 -37 6.2 -0.6
EWU iShares MSCI United Kingdom ETF 18.9 51 -43 6.5 -0.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 18.6 47 -39 8.2 +1.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 18.5 35 -27 7.8 +1.0

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 FTSE Europe 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 10.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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