Vanguard Health Care Index Fund
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.9x P/Sales
ratio
2.2x
P/BV
ratio
4.7x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Health Care ETF seeks to track the performance of the MSCI US Investable Market Health Care Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 26, 2004
Assets (mns) $14,042
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 448
Wgt avg mkt cap (mns) $128,785
Large cap (>$10bn) 85.8%
Mid cap ($2-10bn) 10.4%
Small cap (<$2bn) 3.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 8.1 %
UNITEDHEALTH GROUP INC 6.2 %
MERCK & CO. INC. 3.8 %
THERMO FISHER SCIENTIFIC INC 3.8 %
PFIZER INC 3.8 %
ABBOTT LABORATORIES 3.7 %
ABBVIE INC 3.5 %
ELI LILLY & CO 3.3 %
MEDTRONIC PLC 2.9 %
DANAHER CORP 2.9 %
Total 42.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.5 %
IRELAND 4.0 %
BRITAIN 0.8 %
SWITZERLAND 0.2 %
CANADA 0.1 %
NETHERLANDS 0.0 %
COSTA RICA 0.0 %
CAYMAN ISLANDS 0.0 %
PUERTO RICO 0.0 %
BERMUDA 0.0 %

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.
18.3% 18.3% 12.7% 16.5% 10.8%

Market Correlations
versus... Beta R-squared
S&P500 0.80 77%
MSCI EAFE 0.71 60%
MSCI Emg. Mkts. 0.59 53%

Technical Indicators
Recent close $234.36
30d moving avg. $227.11
Annualized volatility 17.1%
Short interest (ETF) 0.8%
Short interest (Underlying) 2.9%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 271
Turnover 0.5%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $39,367

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Vanguard Health Care Index Fund ETF based on the alternatives' overlap in portfolio holdings with VHT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VHT Expense: 10 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VHT
Ticker Fund
Name
Overlap1
vs VHT
(%)
Expense
ratio
(bp)
Savings
vs VHT
(bp)
ALTAR
Score™
(%)
ALTAR
vs VHT
(%)
FHLC Fidelity MSCI Health Care Index ETF 99.4 8 2 5.2 +0.1
IYH iShares U.S. Healthcare ETF 92.3 43 -33 5.9 +0.8
XLV Health Care Select Sector SPDR Fund 83.1 13 -3 6.9 +1.8
JHMH John Hancock Multifactor Healthcare ETF 78.6 40 -30 5.8 +0.7
IXJ iShares Global Healthcare ETF 67.8 46 -36 6.1 +1.0
IEHS iShares Evolved U.S. Healthcare Staples ETF 61.3 18 -8 5.0 -0.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 53.8 40 -30 6.4 +1.3
IEIH iShares Evolved U.S. Innovative Healthcare ETF 49.6 18 -8 3.6 -1.5
FXH First Trust Health Care AlphaDEX Fund 36.1 62 -52 4.6 -0.5
FTXH First Trust Nasdaq Pharmaceuticals ETF 32.5 60 -50 4.4 -0.8
PJP Invesco Dynamic Pharmaceuticals ETF 31.3 56 -46 8.7 +3.6
VIRS Pacer BioThreat Strategy ETF 28.8 70 -60 4.7 -0.4
IHI iShares U.S. Medical Devices ETF 28.4 42 -32 3.1 -2.0
SPHQ Invesco S&P 500 Quality ETF 27.8 15 -5 4.4 -0.8
PPH VanEck Vectors Pharmaceutical ETF 26.0 36 -26 10.4 +5.3
LNGR Global X Longevity Thematic ETF 26.0 50 -40 2.9 -2.2
IHE iShares U.S. Pharmaceuticals ETF 25.8 42 -32 5.9 +0.8
MGV Vanguard Mega Cap Value ETF 24.8 7 3 6.5 +1.4
HTEC ROBO Global Healthcare Technology & Innovation ETF 23.9 68 -58 0.8 -4.3
OUSA O'Shares FTSE US Quality Dividend ETF 23.2 48 -38 5.5 +0.3
HLAL Wahed FTSE USA Shariah ETF 22.4 50 -40 3.8 -1.3
ESGV Vanguard ESG U.S. Stock ETF 22.1 12 -2 4.5 -0.7
XPH SPDR S&P Pharmaceuticals ETF 21.7 35 -25 2.8 -2.3
RBUS Nationwide Risk-Based U.S. Equity ETF 21.5 30 -20 4.6 -0.5
GBLO Global Beta Low Beta ETF 21.3 29 -19 7.2 +2.1
JKF iShares Morningstar Large Cap Value ETF 20.8 25 -15 6.7 +1.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 20.8 12 -2 4.9 -0.2
VTV Vanguard Value Index Fund 20.8 4 6 6.6 +1.4
DURA VanEck Vectors Morningstar Durable Dividend ETF 20.5 29 -19 8.1 +3.0
SPLV Invesco S&P 500 Low Volatility ETF 20.5 25 -15 5.5 +0.4
SIXA 6 Meridian Mega Cap Equity ETF 20.1 82 -72 5.8 +0.7
HDV iShares Core High Dividend ETF 20.1 8 2 6.3 +1.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 20.1 28 -18 6.0 +0.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 19.9 25 -15 5.8 +0.7
XHE SPDR S&P Health Care Equipment ETF 19.8 35 -25 0.5 -4.6
ANEW ProShares MSCI Transformational Changes ETF 19.1 45 -35 2.4 -2.7
JMIN JPMorgan U.S. Minimum Volatility ETF 19.0 12 -2 5.3 +0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 18.9 75 -65 2.0 -3.1
USMV iShares Edge MSCI Min Vol USA ETF 18.9 15 -5 5.3 +0.2
IBB iShares NASDAQ Biotechnology ETF 18.7 46 -36 0.1 -5.0
SPXT ProShares S&P 500 Ex-Technology ETF 18.6 27 -17 4.9 -0.3
VOOV Vanguard S&P 500 Value ETF 18.4 10 0 6.6 +1.5
JOET Virtus Terranova US Quality Momentum ETF 18.3 29 -19 4.6 -0.5
SPMO Invesco S&P 500 Momentum ETF 18.0 13 -3 3.8 -1.4
IHF iShares U.S. Healthcare Providers ETF 17.9 42 -32 6.5 +1.4
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 17.7 75 -65 5.3 +0.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 17.7 34 -24 4.3 -0.8
QUS SPDR MSCI USA StrategicFactors ETF 17.6 15 -5 5.3 +0.1
BMED BlackRock Future Health ETF 16.7 85 -75 -0.9 -6.0
DGRO iShares Core Dividend Growth ETF 16.6 8 2 6.0 +0.9
IWX iShares Russell Top 200 Value ETF 16.6 20 -10 6.1 +1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 16.5 49 -39 3.4 -1.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.3 60 -50 3.6 -1.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 16.3 66 -56 1.8 -3.3
DLN WisdomTree U.S. LargeCap Dividend Fund 16.2 28 -18 6.1 +1.0
JKD iShares Morningstar Large-Cap ETF 16.2 20 -10 4.7 -0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 16.2 19 -9 5.3 +0.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 16.1 35 -25 5.1 -0.0
IWP iShares Russell Mid-Cap Growth ETF 16.1 24 -14 2.7 -2.4
VIG Vanguard Dividend Appreciation Index Fund 16.1 6 4 5.0 -0.1
RAFE PIMCO RAFI ESG U.S. ETF 16.0 30 -20 6.7 +1.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 16.0 35 -25 5.1 -0.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 15.9 35 -25 5.1 -0.0
FLQL Franklin LibertyQ U.S. Equity ETF 15.9 15 -5 5.9 +0.8
WOMN Impact Shares YWCA Women's Empowerment ETF 15.8 75 -65 3.5 -1.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.5 17 -7 6.1 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 15.5 27 -17 4.3 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 15.5 8 2 5.9 +0.8
VYM Vanguard High Dividend Yield Index ETF 15.5 6 4 6.7 +1.5
QLV FlexShares US Quality Low Volatility Index Fund 15.5 22 -12 4.3 -0.8
SPYV SPDR Portfolio S&P 500 Value ETF 15.4 4 6 6.5 +1.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.4 9 1 4.8 -0.3
IVE iShares S&P 500 Value ETF 15.4 18 -8 6.3 +1.2
NULV Nuveen ESG Large-Cap Value ETF 15.4 35 -25 6.1 +1.0
IQSU IQ Candriam ESG US Equity ETF 15.1 9 1 4.5 -0.6
TPLC Timothy Plan US Large Cap Core ETF 15.1 52 -42 4.5 -0.6
SFY SoFi Select 500 ETF 15.0 0 10 4.6 -0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 15.0 25 -15 5.6 +0.5
DSTL Distillate US Fundamental Stability & Value ETF 14.9 39 -29 5.7 +0.6
ROUS Hartford Multifactor US Equity ETF 14.9 19 -9 5.8 +0.7
LVHD Legg Mason Low Volatility High Dividend ETF 14.8 27 -17 7.6 +2.5
CCOR Core Alternative ETF 14.8 109 -99 4.2 -0.9
PWB Invesco Dynamic Large Cap Growth ETF 14.8 56 -46 2.1 -3.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 14.7 9 1 5.0 -0.1
RWL Invesco S&P 500 Revenue ETF 14.7 39 -29 6.3 +1.2
IUSV iShares Core S&P U.S. Value ETF 14.7 4 6 6.5 +1.4
FCPI Fidelity Stocks for Inflation ETF 14.7 29 -19 5.7 +0.6
SCHV Schwab U.S. Large-Cap Value ETF 14.7 4 6 6.1 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 14.6 49 -39 4.7 -0.4
QDEF FlexShares Quality Dividend Defensive Index Fund 14.6 37 -27 5.4 +0.3
VTHR Vanguard Russell 3000 Index Fund 14.6 10 0 4.4 -0.7
DTD WisdomTree U.S.Total Dividend Fund 14.6 28 -18 6.2 +1.1
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 14.5 35 -25 6.5 +1.4
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 14.5 69 -59 4.1 -1.1
FDLO Fidelity Low Volatility Factor ETF 14.4 29 -19 4.9 -0.2
XBI SPDR S&P BIOTECH ETF 14.4 35 -25 -2.3 -7.4
VXF Vanguard Extended Market Index Fund 14.4 6 4 2.5 -2.6
XT iShares Exponential Technologies ETF 14.3 47 -37 4.5 -0.6

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 Health Care Index Fund
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 21.1 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 5.1 %
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.