Vanguard Information Technology Index Fund
ALTAR
Score™
4.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
33.3x P/Sales
ratio
5.9x
P/BV
ratio
8.1x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Information Technology Index ETF seeks to track the performance of the MSCI US Investable Market Information Technology Index. The Fund invests all of its assets in the stocks that ma

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 26, 2004
Assets (mns) $38,947
Currency USD
Expense ratio 10 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 331
Wgt avg mkt cap (mns) $765,105
Large cap (>$10bn) 93.6%
Mid cap ($2-10bn) 5.1%
Small cap (<$2bn) 1.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 20.3 %
MICROSOFT CORP 15.6 %
VISA INC-CLASS A SHARES 3.3 %
NVIDIA CORP 3.3 %
MASTERCARD INC-CLASS A 3.0 %
PAYPAL HOLDINGS INC 2.4 %
ADOBE SYSTEMS INC 2.3 %
SALESFORCE.COM INC 2.2 %
INTEL CORP 2.0 %
CISCO SYSTEMS INC 1.8 %
Total 56.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
IRELAND 1.7 %
NETHERLANDS 0.5 %
SWITZERLAND 0.4 %
BERMUDA 0.3 %
SINGAPORE 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.
22.8% 34.8% 23.5% 19.0% 12.4%

Market Correlations
versus... Beta R-squared
S&P500 1.10 86%
MSCI EAFE 1.07 68%
MSCI Emg. Mkts. 0.72 48%

Technical Indicators
Recent close $333.09
30d moving avg. $319.73
Annualized volatility 21.1%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.5%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 672
Turnover 0.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $73,399

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Vanguard Information Technology Index Fund ETF based on the alternatives' overlap in portfolio holdings with VGT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VGT Expense: 10 bp ALTAR Score™: 4.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VGT
Ticker Fund
Name
Overlap1
vs VGT
(%)
Expense
ratio
(bp)
Savings
vs VGT
(bp)
ALTAR
Score™
(%)
ALTAR
vs VGT
(%)
FTEC Fidelity MSCI Information Technology Index ETF 98.0 8 2 4.2 +0.0
XLK Technology Select Sector SPDR Fund 83.1 13 -3 4.5 +0.3
IXN iShares Global Tech ETF 78.6 46 -36 4.1 -0.1
IYW iShares U.S. Technology ETF 76.3 43 -33 3.6 -0.5
IGM iShares Expanded Tech Sector ETF 69.4 46 -36 3.5 -0.6
IETC iShares Evolved U.S. Technology ETF 68.0 18 -8 3.6 -0.6
JHMT John Hancock Multifactor Technology ETF 52.1 40 -30 4.3 +0.2
QYLD Global X NASDAQ 100 Covered Call ETF 48.0 60 -50 3.3 -0.8
MGK Vanguard Mega Cap Growth ETF 47.9 7 3 3.8 -0.4
NUSI Nationwide Risk-Managed Income ETF 47.6 68 -58 3.5 -0.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 47.2 60 -50 3.3 -0.9
QQQM Invesco NASDAQ 100 ETF 46.4 15 -5 3.7 -0.5
QQQ Invesco QQQ Trust 46.4 20 -10 3.7 -0.5
IWY iShares Russell Top 200 Growth ETF 45.4 20 -10 3.7 -0.4
TECB iShares US Tech Breakthrough Multisector ETF 44.5 40 -30 3.8 -0.3
SCHG Schwab U.S. Large-Cap Growth ETF 44.5 4 6 3.3 -0.8
VEGN US Vegan Climate ETF 43.9 60 -50 4.7 +0.5
IWF iShares Russell 1000 Growth ETF 43.9 19 -9 3.6 -0.6
VONG Vanguard Russell 1000 Growth Index Fund 42.7 8 2 3.7 -0.5
VOOG Vanguard S&P 500 Growth ETF 41.8 10 0 4.1 -0.1
VUG Vanguard Growth Index Fund 41.5 4 6 3.7 -0.5
TMFC Motley Fool 100 Index ETF 40.9 50 -40 3.2 -1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 40.3 49 -39 3.9 -0.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 40.3 21 -11 2.8 -1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 40.1 4 6 4.1 -0.0
IVW iShares S&P 500 Growth ETF 40.1 18 -8 4.0 -0.2
IUSG iShares Core S&P US Growth ETF 39.0 4 6 4.1 -0.0
RYT Invesco S&P 500 Equal Weight Technology ETF 38.0 40 -30 6.0 +1.9
GBGR Global Beta Momentum-Growth ETF 37.6 29 -19 5.1 +0.9
XLG Invesco S&P 500 Top 50 ETF 37.5 20 -10 4.2 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 37.0 12 -2 4.1 -0.0
ESGV Vanguard ESG U.S. Stock ETF 36.9 12 -2 4.7 +0.5
HIPR Direxion High Growth ETF 36.9 40 -30 4.3 +0.1
HLAL Wahed FTSE USA Shariah ETF 35.7 50 -40 4.1 -0.1
STLG iShares Factors US Growth Style ETF 35.7 25 -15 4.1 -0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 35.6 75 -65 3.9 -0.3
USXF iShares ESG Advanced MSCI USA ETF 35.4 10 0 4.6 +0.4
IQSU IQ Candriam ESG US Equity ETF 35.1 9 1 4.7 +0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.0 60 -50 3.8 -0.4
SYG SPDR MFS Systematic Growth Equity ETF 33.5 60 -50 4.0 -0.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 32.9 50 -40 6.2 +2.1
SPMO Invesco S&P 500 Momentum ETF 32.6 13 -3 3.9 -0.3
OEF iShares S&P 100 ETF 31.4 20 -10 4.5 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 31.3 27 -17 4.6 +0.4
DSI iShares MSCI KLD 400 Social ETF 31.3 25 -15 4.7 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 31.2 27 -17 4.6 +0.4
SPHQ Invesco S&P 500 Quality ETF 31.1 15 -5 4.4 +0.2
JMOM JPMorgan U.S. Momentum Factor ETF 30.8 12 -2 3.2 -1.0
KOIN Innovation Shares NextGen Protocol ETF 30.0 95 -85 4.1 -0.1
IWL iShares Russell Top 200 ETF 29.8 15 -5 4.6 +0.4
XNTK SPDR NYSE Technology ETF 29.7 35 -25 3.2 -1.0
TDV ProShares S&P Technology Dividend Aristocrats ETF 29.3 46 -36 4.4 +0.3
MGC Vanguard Mega Cap Index Fund 29.2 7 3 4.8 +0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 29.1 0 10 4.7 +0.6
FXL First Trust Technology AlphaDEX Fund 29.0 61 -51 3.6 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.9 9 1 5.2 +1.0
EFIV SPDR S&P 500 ESG ETF 28.8 10 0 4.7 +0.6
SNPE Xtrackers S&P 500 ESG ETF 28.8 10 0 4.7 +0.5
JQUA JPMorgan U.S. Quality Factor ETF 28.2 12 -2 5.1 +0.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 28.2 57 -47 4.5 +0.4
JKE iShares Morningstar Large-Cap Growth ETF 28.2 25 -15 2.8 -1.4
PBP Invesco S&P 500 BuyWrite ETF 28.1 49 -39 4.6 +0.5
PWB Invesco Dynamic Large Cap Growth ETF 28.0 56 -46 3.2 -1.0
HSPX Global X S&P 500 Covered Call ETF 28.0 60 -50 4.6 +0.4
SFY SoFi Select 500 ETF 27.9 0 10 4.7 +0.5
MTUM iShares MSCI USA Momentum Factor ETF 27.9 15 -5 4.0 -0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 27.9 7 3 4.8 +0.6
PBUS Invesco PureBeta MSCI USA ETF 27.8 4 6 4.8 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 27.8 27 -17 4.9 +0.7
ESGU iShares MSCI USA ESG Optimized ETF 27.7 15 -5 4.6 +0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 27.7 20 -10 4.9 +0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 27.7 15 -5 5.8 +1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 27.6 20 -10 4.6 +0.4
SCHX Schwab U.S. Large-Cap ETF 27.5 3 7 4.8 +0.6
XYLG Global X S&P 500 Covered Call & Growth ETF 27.5 60 -50 4.6 +0.4
CATH Global X S&P 500 Catholic Values Custom ETF 27.3 29 -19 4.7 +0.5
SPY SPDR S&P 500 ETF Trust 27.2 9 1 4.9 +0.8
IVV iShares Core S&P 500 ETF 27.2 3 7 5.0 +0.8
SPLG SPDR Portfolio Large Cap ETF 27.2 3 7 5.0 +0.8
IYY iShares Dow Jones U.S. ETF 27.1 20 -10 4.6 +0.5
SCHK Schwab 1000 Index ETF 27.1 5 5 4.8 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 27.1 2 8 4.8 +0.7
RECS Columbia Research Enhanced Core ETF 27.0 15 -5 5.2 +1.1
SUSA iShares MSCI USA ESG Select ETF 27.0 25 -15 4.4 +0.3
IWB iShares Russell 1000 ETF 27.0 15 -5 4.7 +0.5
VTHR Vanguard Russell 3000 Index Fund 26.9 10 0 4.6 +0.4
VOO VANGUARD S&P 500 ETF 26.8 3 7 5.0 +0.8
VV Vanguard Large-Cap Index Fund 26.6 4 6 4.8 +0.6
EXT WisdomTree U.S. Total Earnings Fund 26.5 28 -18 5.2 +1.0
QUAL iShares MSCI Usa Quality Factor ETF 26.4 15 -5 5.0 +0.9
SCHB Schwab U.S. Broad Market ETF 26.4 3 7 4.7 +0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 26.3 10 0 4.9 +0.7
SUSL iShares ESG MSCI USA Leaders ETF 26.3 10 0 4.9 +0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.3 3 7 4.6 +0.5
LRGE ClearBridge Large Cap Growth ESG ETF 26.2 59 -49 3.5 -0.7
SPTM SPDR Portfolio Total Stock Market ETF 26.2 3 7 5.1 +0.9
IWV iShares Russell 3000 ETF 26.1 20 -10 4.5 +0.4
SPQQ Siren Large Cap Blend Index ETF 26.0 20 -10 4.4 +0.3
QUS SPDR MSCI USA StrategicFactors ETF 25.9 15 -5 5.4 +1.3

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 Information Technology Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 28.9 %
Divided by: Fwd. P/BV 6.8 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.49
 
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.