Vanguard Dividend Appreciation Index Fund
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.7x P/Sales
ratio
2.3x
P/BV
ratio
5.0x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Vanguard Dividend Appreciation ETF seeks investment results that correspond to the price and yield performance of the Dividend Achievers Select Index. The index consists large cap stocks that have a record of consistently growing dividends.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website www.vanguard.com
Inception date Apr 21, 2006
Assets (mns) $52,085
Currency USD
Expense ratio 6 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian JPMorgan Chase Bank
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 215
Wgt avg mkt cap (mns) $216,283
Large cap (>$10bn) 95.3%
Mid cap ($2-10bn) 4.3%
Small cap (<$2bn) 0.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WAL-MART STORES INC 4.5 %
MICROSOFT CORP 4.3 %
PROCTER & GAMBLE CO/THE 3.8 %
VISA INC-CLASS A SHARES 3.6 %
UNITEDHEALTH GROUP INC 3.6 %
JOHNSON & JOHNSON 3.4 %
HOME DEPOT INC 3.3 %
WALT DISNEY CO/THE 3.0 %
COMCAST CORP-CL A 2.6 %
PEPSICO INC 2.2 %
Total 34.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
IRELAND 3.6 %
SWITZERLAND 0.8 %
BERMUDA 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.
2.3% 7.1% 12.0% 12.0% 8.8%

Market Correlations
versus... Beta R-squared
S&P500 0.84 94%
MSCI EAFE 0.84 77%
MSCI Emg. Mkts. 0.59 58%

Technical Indicators
Recent close $138.70
30d moving avg. $133.96
Annualized volatility 15.5%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.3%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 1,146
Turnover 0.3%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $39,113

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard Dividend Appreciation Index Fund ETF based on the alternatives' overlap in portfolio holdings with VIG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VIG Expense: 6 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VIG
Ticker Fund
Name
Overlap1
vs VIG
(%)
Expense
ratio
(bp)
Savings
vs VIG
(bp)
ALTAR
Score™
(%)
ALTAR
vs VIG
(%)
PFM Invesco Dividend Achievers ETF 77.0 53 -47 5.0 +0.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 47.2 28 -22 6.1 +1.1
DGRO iShares Core Dividend Growth ETF 43.4 8 -2 6.2 +1.2
MGV Vanguard Mega Cap Value ETF 37.7 7 -1 6.7 +1.7
ACIO Aptus Collared Income Opportunity ETF 37.5 79 -73 4.3 -0.7
JKD iShares Morningstar Large-Cap ETF 37.4 20 -14 5.3 +0.3
FLQL Franklin LibertyQ U.S. Equity ETF 36.6 15 -9 5.8 +0.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.2 12 -6 4.5 -0.5
VYM Vanguard High Dividend Yield Index ETF 35.4 6 0 6.9 +1.9
DLN WisdomTree U.S. LargeCap Dividend Fund 35.2 28 -22 6.0 +1.0
VSDA VictoryShares Dividend Accelerator ETF 35.1 35 -29 4.6 -0.4
SPHQ Invesco S&P 500 Quality ETF 35.0 15 -9 4.4 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 34.9 15 -9 5.4 +0.4
OUSA O'Shares FTSE US Quality Dividend ETF 34.6 48 -42 5.5 +0.5
SCHV Schwab U.S. Large-Cap Value ETF 34.5 4 2 6.2 +1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 34.4 10 -4 4.9 -0.1
SUSL iShares ESG MSCI USA Leaders ETF 34.4 10 -4 4.9 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 34.3 12 -6 5.1 +0.1
IWX iShares Russell Top 200 Value ETF 33.9 20 -14 6.2 +1.2
FDLO Fidelity Low Volatility Factor ETF 33.8 29 -23 4.9 -0.1
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 33.6 49 -43 4.3 -0.7
FLLV Franklin Liberty U.S. Low Volatility ETF 33.6 29 -23 5.2 +0.1
RAFE PIMCO RAFI ESG U.S. ETF 33.4 29 -23 7.0 +2.0
DTD WisdomTree U.S.Total Dividend Fund 33.0 28 -22 6.2 +1.2
VTV Vanguard Value Index Fund 32.9 4 2 6.7 +1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 32.8 75 -69 3.7 -1.3
DIA SPDR Dow Jones Industrial Average ETF Trust 32.4 16 -10 5.1 +0.1
NACP Impact Shares NAACP Minority Empowerment ETF 32.3 75 -69 4.5 -0.5
QDEF FlexShares Quality Dividend Defensive Index Fund 32.1 37 -31 5.7 +0.7
USDY Pacific Global US Equity Income ETF 31.9 29 -23 7.7 +2.7
QDF FlexShares Quality Dividend Index Fund 31.9 37 -31 5.7 +0.7
YLDE ClearBridge Dividend Strategy ESG ETF 31.8 60 -54 4.5 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 31.6 20 -14 4.6 -0.4
KLCD KFA Large Cap Quality Dividend Index ETF 31.5 42 -36 5.2 +0.2
USMV iShares Edge MSCI Min Vol USA ETF 31.5 15 -9 5.3 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 31.5 32 -26 4.7 -0.3
VOOV Vanguard S&P 500 Value ETF 31.3 10 -4 6.7 +1.7
SPXN ProShares S&P 500 Ex-Financials ETF 31.3 27 -21 4.6 -0.4
DSI iShares MSCI KLD 400 Social ETF 31.3 25 -19 4.7 -0.3
MGC Vanguard Mega Cap Index Fund 31.0 7 -1 4.8 -0.3
SPMV Invesco S&P 500 Minimum Variance ETF 31.0 10 -4 5.5 +0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 30.9 0 6 4.7 -0.3
RECS Columbia Research Enhanced Core ETF 30.8 15 -9 5.2 +0.2
OEF iShares S&P 100 ETF 30.8 20 -14 4.5 -0.5
PBP Invesco S&P 500 BuyWrite ETF 30.8 49 -43 4.6 -0.4
IQSU IQ Candriam ESG US Equity ETF 30.7 9 -3 4.7 -0.3
ESGV Vanguard ESG U.S. Stock ETF 30.6 12 -6 4.7 -0.3
HSPX Global X S&P 500 Covered Call ETF 30.5 60 -54 4.6 -0.4
QUAL iShares MSCI Usa Quality Factor ETF 30.5 15 -9 5.0 +0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 30.5 20 -14 4.9 -0.1
EDOW First Trust Dow 30 Equal Weight ETF 30.4 50 -44 5.2 +0.2
IWL iShares Russell Top 200 ETF 30.4 15 -9 4.6 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 30.2 8 -2 5.9 +0.9
SPXE ProShares S&P 500 Ex-Energy ETF 30.2 27 -21 4.9 -0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 30.1 60 -54 4.6 -0.4
SPY SPDR S&P 500 ETF Trust 29.9 9 -3 4.9 -0.1
SPLG SPDR Portfolio Large Cap ETF 29.9 3 3 5.0 -0.0
IVV iShares Core S&P 500 ETF 29.9 3 3 5.0 -0.0
EQWL Invesco Russell Top 200 Equal Weight ETF 29.9 25 -19 5.7 +0.7
XLG Invesco S&P 500 Top 50 ETF 29.8 20 -14 4.2 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 29.8 29 -23 5.2 +0.2
QLV FlexShares US Quality Low Volatility Index Fund 29.8 22 -16 4.6 -0.4
EFIV SPDR S&P 500 ESG ETF 29.7 10 -4 4.7 -0.3
SNPE Xtrackers S&P 500 ESG ETF 29.7 10 -4 4.7 -0.3
SPYV SPDR Portfolio S&P 500 Value ETF 29.5 4 2 6.7 +1.7
VOO VANGUARD S&P 500 ETF 29.5 3 3 5.0 -0.0
IVE iShares S&P 500 Value ETF 29.5 18 -12 6.6 +1.6
SPXT ProShares S&P 500 Ex-Technology ETF 29.5 27 -21 5.1 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.2 9 -3 5.2 +0.2
FQAL Fidelity Quality Factor ETF 29.2 29 -23 5.1 +0.1
CCOR Core Alternative ETF 29.2 109 -103 4.4 -0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 29.0 49 -43 3.9 -1.1
SPTM SPDR Portfolio Total Stock Market ETF 28.9 3 3 5.1 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 28.8 60 -54 3.8 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 28.6 7 -1 4.8 -0.2
JHML John Hancock Multifactor Large Cap ETF 28.6 29 -23 5.0 +0.0
PBUS Invesco PureBeta MSCI USA ETF 28.5 4 2 4.8 -0.2
ESGU iShares MSCI USA ESG Optimized ETF 28.5 15 -9 4.6 -0.4
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 28.5 75 -69 5.2 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 28.4 2 4 4.8 -0.2
VOOG Vanguard S&P 500 Growth ETF 28.4 10 -4 4.1 -0.9
IUSV iShares Core S&P U.S. Value ETF 28.3 4 2 6.8 +1.8
DIVB iShares U.S. Dividend & Buyback ETF 28.2 25 -19 6.1 +1.1
VONV Vanguard Russell 1000 Value Index Fund 28.2 8 -2 6.4 +1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 28.2 27 -21 4.6 -0.4
SCHX Schwab U.S. Large-Cap ETF 28.0 3 3 4.8 -0.3
VV Vanguard Large-Cap Index Fund 28.0 4 2 4.8 -0.2
KRMA Global X Conscious Companies ETF 28.0 43 -37 4.8 -0.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 27.8 35 -29 5.6 +0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 27.7 19 -13 5.5 +0.5
IWB iShares Russell 1000 ETF 27.7 15 -9 4.7 -0.3
SCHK Schwab 1000 Index ETF 27.6 5 1 4.8 -0.2
IWD iShares Russell 1000 Value ETF 27.6 19 -13 6.2 +1.2
DSTL Distillate US Fundamental Stability & Value ETF 27.6 39 -33 5.9 +0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 27.5 12 -6 4.1 -0.9
IYY iShares Dow Jones U.S. ETF 27.4 20 -14 4.6 -0.4
IVW iShares S&P 500 Growth ETF 27.4 18 -12 4.0 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 27.4 4 2 4.1 -0.9
HUSV First Trust Horizon Managed Volatility Domestic ETF 27.3 70 -64 5.6 +0.6
DFAU Dimensional US Core Equity Market ETF 27.3 12 -6 4.9 -0.1

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 Dividend Appreciation 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 22.7 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 6 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.