Vanguard S&P Small-Cap 600 Growth ETF
ALTAR
Score™
7.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.8x P/Sales
ratio
1.0x
P/BV
ratio
1.7x Div.
yield
2.1%


  • 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 09, 2010
Assets (mns) $228
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 333
Wgt avg mkt cap (mns) $1,675
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 35.4%
Small cap (<$2bn) 64.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXPONENT INC 1.4 %
LHC GROUP INC 1.4 %
COGENT COMMUNICATIONS HOLDINGS INC 1.4 %
BALCHEM CORP 1.2 %
AEROJET ROCKETDYNE HOLDINGS, INC. 1.1 %
QUALYS INC 1.1 %
AMERICAN STATES WATER CO 1.1 %
EHEALTH INC 1.0 %
AGREE REALTY CORP 1.0 %
NEOGENOMICS INC 1.0 %
Total 11.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
CAYMAN ISLANDS 0.7 %
PUERTO RICO 0.6 %
BERMUDA 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-28.4% -21.9% 2.2% -- 9.8%

Market Correlations
versus... Beta R-squared
S&P500 1.26 84%
MSCI EAFE 1.13 66%
MSCI Emg. Mkts. 0.83 52%

Technical Indicators
Recent close $108.40
30d moving avg. $130.06
Annualized volatility 20.9%
Short interest (ETF) 0.5%
Short interest (Underlying) 6.9%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 51
Turnover 2.4%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $4,858

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™: 7.8%


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 98.7 25 -9 7.7 -0.1
SLYG SPDR S&P 600 Small Cap Growth ETF 98.5 15 1 7.8 +0.0
SLY SPDR S&P 600 Small Cap ETF 69.1 15 1 9.8 +2.1
SPSM SPDR Portfolio Small Cap ETF 69.0 5 11 9.9 +2.2
IJR iShares Core S&P Small Cap ETF 69.0 7 9 9.9 +2.1
VIOO Vanguard S&P Small-Cap 600 ETF 68.1 10 6 9.8 +2.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 52.2 40 -24 9.2 +1.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 51.0 35 -19 10.1 +2.3
PXSG Invesco S&P SmallCap Momentum ETF 40.7 39 -23 7.7 -0.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 34.6 39 -23 8.9 +1.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 34.2 29 -13 8.6 +0.8
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 34.2 35 -19 11.8 +4.0
TPSC Timothy Plan US Small Cap Core ETF 34.2 52 -36 11.2 +3.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 33.3 39 -23 9.9 +2.2
FYC First Trust Small Cap Growth AlphaDEX Fund 32.9 70 -54 3.7 -4.0
PSC Principal U.S. Small Cap Index ETF 32.9 38 -22 11.0 +3.2
SLYV SPDR S&P 600 Small Cap Value ETF 32.0 15 1 12.6 +4.8
IJS iShares S&P Small-cap 600 Value ETF 31.9 25 -9 12.4 +4.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 31.8 35 -19 9.4 +1.6
ISMD Inspire Small/Mid Cap Impact ETF 31.7 61 -45 9.8 +2.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 31.7 15 1 12.6 +4.8
XSHQ Invesco S&P SmallCap Quality ETF 30.8 29 -13 8.1 +0.4
IWO iShares Russell 2000 Growth ETF 30.0 24 -8 1.6 -6.2
VTWG Vanguard Russell 2000 Growth Index Fund 30.0 15 1 1.8 -6.0
FYX First Trust Small Cap Core AlphaDEX Fund 29.7 63 -47 9.2 +1.4
XSLV Invesco S&P SmallCap Low Volatility ETF 28.7 25 -9 12.0 +4.2
SCAP AdvisorShares Cornerstone Small Cap ETF 27.8 90 -74 7.9 +0.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 27.7 29 -13 3.5 -4.3
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 27.1 35 -19 11.8 +4.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 27.0 20 -4 9.0 +1.3
AFSM First Trust Active Factor Small Cap ETF 25.3 75 -59 9.8 +2.0
DWAS Invesco DWA SmallCap Momentum ETF 25.2 60 -44 -1.2 -8.9
IWM iShares Russell 2000 ETF 25.1 19 -3 5.6 -2.1
RNSC Small Cap US Equity Select ETF 25.1 60 -44 9.7 +2.0
VTWO Vanguard Russell 2000 Index Fund 25.0 10 6 5.8 -2.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 24.0 30 -14 10.9 +3.2
EES WisdomTree SmallCap Earnings Fund 22.7 38 -22 18.6 +10.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 22.7 24 -8 11.3 +3.5
DES WisdomTree U.S. SmallCap Dividend Fund 22.4 38 -22 12.7 +5.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 22.3 12 4 12.0 +4.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 22.0 39 -23 6.5 -1.3
JKK iShares Morningstar Small-Cap Growth ETF 21.7 30 -14 2.2 -5.5
PSCT Invesco S&P SmallCap Information Technology ETF 21.3 29 -13 7.8 +0.1
CSML IQ Chaikin U.S. Small Cap ETF 21.0 35 -19 7.9 +0.1
ROGS Hartford Multifactor Global Small Cap ETF 20.7 34 -18 12.0 +4.2
JKJ iShares Morningstar Small-Cap ETF 20.6 25 -9 9.3 +1.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 20.4 38 -22 13.6 +5.9
JSML Janus Henderson Small Cap Growth Alpha ETF 19.8 35 -19 9.5 +1.7
PSCI Invesco S&P SmallCap Industrials ETF 19.7 29 -13 10.2 +2.4
VTWV Vanguard Russell 2000 Value Index Fund 19.1 15 1 10.5 +2.8
IWN iShares Russell 2000 Value ETF 19.0 24 -8 10.4 +2.6
SCHA Schwab U.S. Small-Cap ETF 18.8 4 12 7.5 -0.2
PSCF Invesco S&P SmallCap Financials ETF 17.2 29 -13 15.8 +8.0
AVUV Avantis U.S. Small Cap Value ETF 16.5 25 -9 13.9 +6.2
IUSS Invesco Strategic US Small Company ETF 16.2 23 -7 9.1 +1.4
FSMD Fidelity Small-Mid Factor ETF 16.2 29 -13 10.1 +2.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 15.9 25 -9 9.9 +2.1
PSCH Invesco S&P SmallCap Health Care ETF 15.2 29 -13 4.4 -3.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 15.1 6 10 8.1 +0.3
NUSC Nuveen ESG Small-Cap ETF 14.9 40 -24 7.6 -0.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 14.7 20 -4 7.9 +0.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 14.6 17 -1 7.4 -0.4
JHSC John Hancock Multifactor Small Cap ETF 12.9 50 -34 8.9 +1.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.7 35 -19 7.9 +0.2
FYT First Trust Small Cap Value AlphaDEX Fund 12.5 72 -56 14.1 +6.3
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 12.3 29 -13 16.1 +8.3
VFMF Vanguard U.S. Multifactor ETF 12.3 18 -2 11.2 +3.5
VBK Vanguard Small-Cap Growth Index Fund 12.1 7 9 3.9 -3.8
SQLV Legg Mason Small-Cap Quality Value 12.0 62 -46 11.7 +3.9
VFQY Vanguard U.S. Quality Factor ETF 11.9 13 3 8.7 +0.9
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 11.7 48 -32 9.1 +1.4
BFOR Barron's 400 ETF 11.4 66 -50 9.2 +1.5
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 11.2 29 -13 14.6 +6.9
VFMO Vanguard U.S. Momentum Factor ETF 10.8 13 3 4.8 -3.0
VB Vanguard Small-Cap ETF 10.8 5 11 8.2 +0.5
CALF Pacer US Small Cap Cash Cows 100 ETF 10.7 59 -43 18.1 +10.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 10.3 66 -50 4.3 -3.4
VXF Vanguard Extended Market Index Fund 9.8 7 9 6.0 -1.8
VBR Vanguard Small Cap Value Index Fund 9.7 7 9 12.3 +4.6
VAMO Cambria Value & Momentum ETF 9.6 64 -48 9.7 +2.0
SMDV ProShares Russell 2000 Dividend Growers ETF 9.1 40 -24 8.7 +1.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 8.8 70 -54 4.7 -3.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 8.7 20 -4 10.5 +2.8
IWC iShares Micro-Cap ETF 8.6 60 -44 -5.0 -12.8
XSW SPDR S&P Software & Services ETF 8.6 35 -19 5.2 -2.6
KSCD KFA Small Cap Quality Dividend Index ETF 8.5 51 -35 7.7 -0.0
KOMP SPDR Kensho New Economies Composite ETF 7.9 20 -4 2.8 -5.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 7.9 30 -14 17.6 +9.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 7.6 39 -23 16.4 +8.6
RNMC Mid Cap US Equity Select ETF 7.4 60 -44 10.3 +2.5
VFLQ Vanguard U.S. Liquidity Factor ETF 7.2 13 3 5.5 -2.3
VUSE Vident Core US Equity Fund 7.0 48 -32 11.3 +3.5
EZM WisdomTree U.S. MidCap Earnings Fund 6.9 38 -22 14.2 +6.4
PLCY EventShares U.S. Legislative Opportunities ETF 6.7 75 -59 5.5 -2.2
PSCU Invesco S&P SmallCap Utilities ETF 6.2 29 -13 3.5 -4.3
IFRA iShares U.S. Infrastructure ETF 5.7 40 -24 7.9 +0.2
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.7 60 -44 13.1 +5.3
HTEC ROBO Global Healthcare Technology & Innovation ETF 5.7 68 -52 1.0 -6.7
ROOF IQ US Real Estate Small Cap ETF 5.3 70 -54 15.6 +7.8
ETHO Etho Climate Leadership U.S. ETF 5.2 47 -31 6.8 -0.9

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 13.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 16 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.51
 
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.