Vanguard Information Technology Index Fund
ALTAR
Score™
4.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
29.9x P/Sales
ratio
5.1x
P/BV
ratio
7.0x Div.
yield
1.0%


  • 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) $33,909
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 337
Wgt avg mkt cap (mns) $688,163
Large cap (>$10bn) 92.7%
Mid cap ($2-10bn) 6.3%
Small cap (<$2bn) 1.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 19.5 %
MICROSOFT CORP 18.1 %
VISA INC-CLASS A SHARES 3.6 %
MASTERCARD INC-CLASS A 3.1 %
NVIDIA CORP 3.0 %
INTEL CORP 2.9 %
ADOBE SYSTEMS INC 2.6 %
PAYPAL HOLDINGS INC 2.4 %
CISCO SYSTEMS INC 2.3 %
SALESFORCE.COM INC 2.0 %
Total 59.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
IRELAND 1.8 %
NETHERLANDS 0.4 %
SWITZERLAND 0.3 %
BERMUDA 0.3 %
SINGAPORE 0.1 %





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.
14.6% 33.9% 23.0% 20.3% 12.2%

Market Correlations
versus... Beta R-squared
S&P500 1.07 84%
MSCI EAFE 1.01 64%
MSCI Emg. Mkts. 0.73 53%

Technical Indicators
Recent close $288.79
30d moving avg. $271.84
Annualized volatility 19.8%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.5%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 810
Turnover 0.7%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $103,920

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 4.4%


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 98.2 8 2 4.5 +0.0
XLK Technology Select Sector SPDR Fund 85.2 13 -3 4.6 +0.2
IXN iShares Global Tech ETF 79.9 46 -36 4.4 -0.1
IYW iShares U.S. Technology ETF 76.7 42 -32 3.9 -0.6
IGM iShares Expanded Tech Sector ETF 68.4 46 -36 3.7 -0.8
IETC iShares Evolved U.S. Technology ETF 67.6 18 -8 3.7 -0.8
JHMT John Hancock Multifactor Technology ETF 53.3 40 -30 4.8 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 49.9 60 -50 3.5 -1.0
NUSI Nationwide Risk-Managed Income ETF 49.7 68 -58 3.4 -1.1
QQQ Invesco QQQ Trust 46.9 20 -10 3.7 -0.7
VEGN US Vegan Climate ETF 45.2 60 -50 5.2 +0.7
IWY iShares Russell Top 200 Growth ETF 44.7 20 -10 4.0 -0.4
TECB iShares US Tech Breakthrough Multisector ETF 44.3 40 -30 3.9 -0.6
IWF iShares Russell 1000 Growth ETF 43.3 19 -9 4.1 -0.4
MGK Vanguard Mega Cap Growth ETF 43.2 7 3 4.0 -0.4
SPMO Invesco S&P 500 Momentum ETF 41.5 13 -3 4.3 -0.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 41.4 21 -11 2.9 -1.6
VONG Vanguard Russell 1000 Growth Index Fund 40.5 8 2 4.2 -0.3
VOOG Vanguard S&P 500 Growth ETF 40.5 10 0 4.2 -0.3
RYT Invesco S&P 500 Equal Weight Technology ETF 40.4 40 -30 6.7 +2.3
VUG Vanguard Growth Index Fund 40.4 4 6 4.0 -0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 40.2 4 6 4.3 -0.2
IVW iShares S&P 500 Growth ETF 40.2 18 -8 4.1 -0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 39.8 49 -39 4.1 -0.4
IUSG iShares Core S&P US Growth ETF 39.3 4 6 4.3 -0.2
TMFC Motley Fool 100 Index ETF 39.0 50 -40 3.6 -0.8
HLAL Wahed FTSE USA Shariah ETF 38.7 50 -40 4.6 +0.2
HIPR Direxion High Growth ETF 38.4 40 -30 2.8 -1.7
SCHG Schwab U.S. Large-Cap Growth ETF 38.2 4 6 4.0 -0.4
XLG Invesco S&P 500 Top 50 ETF 38.2 20 -10 4.4 -0.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 37.8 50 -40 5.8 +1.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 37.0 60 -50 4.3 -0.1
IQSU IQ Candriam ESG US Equity ETF 35.9 9 1 5.0 +0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 35.6 12 -2 4.9 +0.4
SPHQ Invesco S&P 500 Quality ETF 33.1 15 -5 4.6 +0.2
DSI iShares MSCI KLD 400 Social ETF 33.0 25 -15 5.1 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 32.6 27 -17 5.0 +0.6
STLG iShares Factors US Growth Style ETF 32.6 25 -15 3.6 -0.8
SYG SPDR MFS Systematic Growth Equity ETF 32.4 60 -50 4.2 -0.2
OEF iShares S&P 100 ETF 32.4 20 -10 4.8 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 31.8 27 -17 5.0 +0.5
KOIN Innovation Shares NextGen Protocol ETF 31.2 95 -85 4.3 -0.2
TDV ProShares S&P Technology Dividend Aristocrats ETF 31.0 45 -35 4.7 +0.3
ESGV Vanguard ESG U.S. Stock ETF 30.9 12 -2 5.2 +0.7
XNTK SPDR NYSE Technology ETF 30.5 35 -25 3.5 -1.0
JMOM JPMorgan U.S. Momentum Factor ETF 30.4 12 -2 3.8 -0.6
IWL iShares Russell Top 200 ETF 30.2 15 -5 5.0 +0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 29.7 0 10 5.2 +0.8
GDAT Goldman Sachs Motif Data-Driven World Etf 29.3 50 -40 4.8 +0.3
SNPE Xtrackers S&P 500 ESG ETF 29.1 11 -1 5.1 +0.6
MGC Vanguard Mega Cap Index Fund 28.9 7 3 5.2 +0.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 28.8 57 -47 4.8 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 28.6 27 -17 5.3 +0.9
PBP Invesco S&P 500 BuyWrite ETF 28.5 49 -39 5.0 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 28.5 7 3 5.2 +0.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 28.5 10 0 5.3 +0.9
PBUS Invesco PureBeta MSCI USA ETF 28.4 4 6 5.3 +0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 28.4 20 -10 5.4 +0.9
SUSL iShares ESG MSCI USA Leaders ETF 28.4 10 0 5.3 +0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 28.3 20 -10 4.9 +0.5
JKE iShares Morningstar Large-Cap Growth ETF 28.3 25 -15 2.8 -1.7
ESGU iShares MSCI USA ESG Optimized ETF 28.3 15 -5 5.1 +0.7
ESG FlexShares STOXX US ESG Impact Index Fund 28.2 32 -22 5.1 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 28.1 29 -19 5.2 +0.8
RECS Columbia Research Enhanced Core ETF 28.1 15 -5 5.7 +1.2
QUAL iShares MSCI Usa Quality Factor ETF 28.0 15 -5 5.4 +1.0
VOO VANGUARD S&P 500 ETF 27.9 3 7 5.4 +1.0
SPY SPDR S&P 500 ETF Trust 27.9 9 1 5.4 +0.9
HSPX Global X S&P 500 Covered Call ETF 27.9 65 -55 4.9 +0.4
SPLG SPDR Portfolio Large Cap ETF 27.9 3 7 5.4 +1.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 27.9 52 -42 5.0 +0.6
IVV iShares Core S&P 500 ETF 27.8 4 6 5.4 +1.0
SCHX Schwab U.S. Large-Cap ETF 27.8 3 7 5.3 +0.9
SFY SoFi Select 500 ETF 27.8 0 10 5.2 +0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 27.7 2 8 5.3 +0.9
SUSA iShares MSCI USA ESG Select ETF 27.7 25 -15 4.8 +0.4
SCHK Schwab 1000 Index ETF 27.7 5 5 5.3 +0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 27.7 9 1 5.5 +1.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 27.6 15 -5 4.0 -0.4
VV Vanguard Large-Cap Index Fund 27.5 4 6 5.3 +0.8
IWB iShares Russell 1000 ETF 27.5 15 -5 5.2 +0.8
JQUA JPMorgan U.S. Quality Factor ETF 27.5 12 -2 5.3 +0.8
IYY iShares Dow Jones U.S. ETF 27.4 20 -10 5.2 +0.7
VONE Vanguard Russell 1000 ETF 27.4 8 2 5.3 +0.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 27.2 19 -9 5.7 +1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.1 75 -65 3.7 -0.7
SCHB Schwab U.S. Broad Market ETF 27.0 3 7 5.3 +0.8
SPTM SPDR Portfolio Total Stock Market ETF 26.9 3 7 5.5 +1.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.9 3 7 5.2 +0.7
IWV iShares Russell 3000 ETF 26.8 20 -10 5.1 +0.6
EXT WisdomTree U.S. Total Earnings Fund 26.7 28 -18 5.2 +0.8
VTHR Vanguard Russell 3000 Index Fund 26.7 10 0 5.2 +0.7
QUS SPDR MSCI USA StrategicFactors ETF 26.7 15 -5 5.9 +1.5
IOO iShares Global 100 ETF 26.6 40 -30 4.7 +0.2
VTI Vanguard Total Stock Market Index Fund 26.6 3 7 5.2 +0.7
AIQ Global X Future Analytics Tech ETF 26.5 68 -58 3.7 -0.7
SYE SPDR MFS Systematic Core Equity ETF 26.4 60 -50 5.6 +1.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 26.3 37 -27 6.3 +1.9
JKD iShares Morningstar Large-Cap ETF 26.3 20 -10 5.7 +1.2
LRGE ClearBridge Large Cap Growth ESG ETF 26.2 59 -49 3.7 -0.7

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 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 28.6 %
Divided by: Fwd. P/BV 6.3 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 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.