Vanguard S&P Small-Cap 600 Growth ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
30.1x P/Sales
ratio
1.6x
P/BV
ratio
2.6x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard S&P Small-Cap 600 Growth ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the S&P Small-Cap 600 Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Sep 07, 2010
Assets (mns) $327
Currency USD
Expense ratio 16 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 339
Wgt avg mkt cap (mns) $2,300
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 51.3%
Small cap (<$2bn) 48.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LITHIA MOTORS INC-CL A 1.4 %
WINGSTOP, INC. 1.3 %
EXPONENT INC 1.1 %
NEOGENOMICS INC 1.1 %
KINSALE CAPITAL GROUP, INC. 1.1 %
BROOKS AUTOMATION INC 1.1 %
SIMPSON MANUFACTURING CO INC 1.0 %
FOX FACTORY HOLDING CORP 1.0 %
COGENT COMMUNICATIONS HOLDINGS INC 1.0 %
UNIVERSAL FOREST PRODUCTS 1.0 %
Total 11.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.3 %
CAYMAN ISLANDS 0.7 %
PUERTO RICO 0.7 %
BERMUDA 0.3 %
NETHERLANDS 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.8% -1.9% 7.4% -- 12.4%

Market Correlations
versus... Beta R-squared
S&P500 1.22 87%
MSCI EAFE 1.23 74%
MSCI Emg. Mkts. 0.85 58%

Technical Indicators
Recent close $159.30
30d moving avg. $149.34
Annualized volatility 22.5%
Short interest (ETF) 0.5%
Short interest (Underlying) 6.9%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $5,065

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard S&P Small-Cap 600 Growth ETF ETF based on the alternatives' overlap in portfolio holdings with VIOG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VIOG Expense: 16 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VIOG
Ticker Fund
Name
Overlap1
vs VIOG
(%)
Expense
ratio
(bp)
Savings
vs VIOG
(bp)
ALTAR
Score™
(%)
ALTAR
vs VIOG
(%)
IJT iShares S&P Small-Cap 600 Growth ETF 98.3 25 -9 5.0 -0.1
SLYG SPDR S&P 600 Small Cap Growth ETF 98.3 15 1 5.1 +0.1
SLY SPDR S&P 600 Small Cap ETF 67.3 15 1 6.5 +1.5
VIOO Vanguard S&P Small-Cap 600 ETF 67.3 10 6 6.6 +1.6
SPSM SPDR Portfolio Small Cap ETF 67.2 5 11 6.7 +1.6
IJR iShares Core S&P Small Cap ETF 67.1 7 9 6.6 +1.6
RZG Invesco S&P Smallcap 600 Pure Growth ETF 54.2 35 -19 5.7 +0.7
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 48.5 40 -24 6.3 +1.3
PXSG Invesco S&P SmallCap Momentum ETF 43.9 39 -23 4.7 -0.4
SSLY Syntax Stratified SmallCap ETF 43.6 30 -14 6.0 +1.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 34.7 29 -13 4.7 -0.3
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 34.5 35 -19 5.8 +0.8
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 32.1 35 -19 7.8 +2.8
ISMD Inspire Small/Mid Cap Impact ETF 32.1 60 -44 6.0 +1.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 31.9 39 -23 6.2 +1.2
IWO iShares Russell 2000 Growth ETF 31.1 24 -8 -0.1 -5.1
FYC First Trust Small Cap Growth AlphaDEX Fund 30.5 70 -54 1.8 -3.2
VTWG Vanguard Russell 2000 Growth Index Fund 30.3 15 1 -0.0 -5.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 29.8 15 1 8.5 +3.5
SLYV SPDR S&P 600 Small Cap Value ETF 29.1 15 1 8.5 +3.5
IJS iShares S&P Small-cap 600 Value ETF 29.1 25 -9 8.4 +3.4
XSLV Invesco S&P SmallCap Low Volatility ETF 28.2 25 -9 5.8 +0.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 27.6 20 -4 4.9 -0.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 27.6 29 -13 0.0 -5.0
XSHQ Invesco S&P SmallCap Quality ETF 27.2 29 -13 6.3 +1.3
FYX First Trust Small Cap Core AlphaDEX Fund 27.1 63 -47 6.3 +1.3
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 27.0 35 -19 7.9 +2.9
IWM iShares Russell 2000 ETF 26.0 19 -3 3.5 -1.5
PSC Principal U.S. Small Cap Index ETF 25.9 38 -22 6.6 +1.6
VTWO Vanguard Russell 2000 Index Fund 25.4 10 6 3.6 -1.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 25.1 30 -14 7.2 +2.2
AFSM First Trust Active Factor Small Cap ETF 23.9 75 -59 5.3 +0.3
EES WisdomTree SmallCap Earnings Fund 23.4 38 -22 10.6 +5.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.1 24 -8 6.6 +1.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 21.8 12 4 7.3 +2.3
RNSC Small Cap US Equity Select ETF 21.5 60 -44 7.0 +2.0
CSML IQ Chaikin U.S. Small Cap ETF 21.4 35 -19 3.7 -1.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 21.1 39 -23 4.0 -1.0
DES WisdomTree U.S. SmallCap Dividend Fund 21.0 38 -22 8.2 +3.2
ROGS Hartford Multifactor Global Small Cap ETF 20.5 34 -18 7.6 +2.6
PSCT Invesco S&P SmallCap Information Technology ETF 20.5 29 -13 5.3 +0.3
IWN iShares Russell 2000 Value ETF 20.3 24 -8 6.9 +1.9
PSCI Invesco S&P SmallCap Industrials ETF 19.8 29 -13 6.0 +1.0
JKK iShares Morningstar Small-Cap Growth ETF 19.5 30 -14 1.0 -4.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 18.7 38 -22 8.5 +3.5
SCHA Schwab U.S. Small-Cap ETF 17.9 4 12 4.4 -0.6
JSML Janus Henderson Small Cap Growth Alpha ETF 17.2 30 -14 7.3 +2.3
VTWV Vanguard Russell 2000 Value Index Fund 17.0 15 1 7.1 +2.1
JKJ iShares Morningstar Small-Cap ETF 16.7 25 -9 6.4 +1.4
PSCF Invesco S&P SmallCap Financials ETF 16.4 29 -13 11.0 +6.0
FSMD Fidelity Small-Mid Factor ETF 16.2 29 -13 6.7 +1.7
IUSS Invesco Strategic US Small Company ETF 16.0 23 -7 5.2 +0.2
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 15.6 29 -13 7.5 +2.5
AVUV Avantis U.S. Small Cap Value ETF 15.6 25 -9 8.4 +3.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 15.6 25 -9 6.2 +1.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 14.9 17 -1 4.9 -0.1
NUSC Nuveen ESG Small-Cap ETF 14.9 40 -24 4.9 -0.2
DWAS Invesco DWA SmallCap Momentum ETF 14.9 60 -44 -2.3 -7.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 14.5 6 10 5.0 +0.0
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 14.0 29 -13 6.0 +1.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 13.9 80 -64 5.1 +0.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 13.8 20 -4 4.6 -0.4
PSCH Invesco S&P SmallCap Health Care ETF 13.4 29 -13 2.9 -2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 13.3 4 12 5.8 +0.8
VFMF Vanguard U.S. Multifactor ETF 12.7 19 -3 6.8 +1.8
FYT First Trust Small Cap Value AlphaDEX Fund 12.4 72 -56 9.7 +4.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.3 30 -14 5.4 +0.4
SQLV Legg Mason Small-Cap Quality Value 12.3 62 -46 7.4 +2.4
BFOR Barron's 400 ETF 12.2 65 -49 6.1 +1.1
VBK Vanguard Small-Cap Growth Index Fund 11.7 7 9 2.2 -2.8
JHSC John Hancock Multifactor Small Cap ETF 11.6 42 -26 5.6 +0.6
CALF Pacer US Small Cap Cash Cows 100 ETF 11.4 59 -43 10.5 +5.5
VFQY Vanguard U.S. Quality Factor ETF 10.9 13 3 5.8 +0.8
VB Vanguard Small-Cap ETF 10.2 5 11 5.2 +0.2
VAMO Cambria Value & Momentum ETF 10.0 64 -48 6.6 +1.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 10.0 66 -50 2.2 -2.8
SMDV ProShares Russell 2000 Dividend Growers ETF 9.2 40 -24 6.4 +1.3
VXF Vanguard Extended Market Index Fund 9.0 7 9 3.5 -1.5
VBR Vanguard Small Cap Value Index Fund 8.9 7 9 8.1 +3.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 8.8 39 -23 9.5 +4.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 8.7 20 -4 9.2 +4.2
XSW SPDR S&P Software & Services ETF 8.3 35 -19 3.8 -1.2
RNMC Mid Cap US Equity Select ETF 8.2 60 -44 7.3 +2.3
KSCD KFA Small Cap Quality Dividend Index ETF 7.8 51 -35 5.4 +0.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 7.7 70 -54 2.0 -3.0
VUSE Vident Core US Equity Fund 7.7 48 -32 7.5 +2.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.5 60 -44 7.9 +2.9
VFLQ Vanguard U.S. Liquidity Factor ETF 7.4 14 2 4.5 -0.5
VFMO Vanguard U.S. Momentum Factor ETF 7.1 13 3 0.1 -4.9
KOMP SPDR Kensho New Economies Composite ETF 7.1 20 -4 2.4 -2.6
IWC iShares Micro-Cap ETF 6.9 60 -44 -3.5 -8.6
EZM WisdomTree U.S. MidCap Earnings Fund 6.7 38 -22 8.8 +3.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 6.5 39 -23 6.5 +1.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.2 30 -14 10.7 +5.7
ROOF IQ US Real Estate Small Cap ETF 6.1 70 -54 11.2 +6.2
OSCV Opus Small Cap Value Plus ETF 6.1 79 -63 5.1 +0.1
HTEC ROBO Global Healthcare Technology & Innovation ETF 6.0 68 -52 0.1 -4.9
FNX First Trust Mid Cap Core AlphaDEX Fund 5.8 61 -45 6.4 +1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 5.7 71 -55 9.7 +4.7
PLCY EventShares U.S. Legislative Opportunities ETF 5.6 75 -59 3.4 -1.6

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 S&P Small-Cap 600 Growth 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 12.4 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 16 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.