Vanguard S&P Small-Cap 600 ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
34.5x P/Sales
ratio
1.0x
P/BV
ratio
1.6x Div.
yield
1.8%


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

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Sep 07, 2010
Assets (mns) $991
Currency USD
Expense ratio 10 bp
Distributions Annually

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 603
Wgt avg mkt cap (mns) $1,884
Large cap (>$10bn) 0.2%
Mid cap ($2-10bn) 37.2%
Small cap (<$2bn) 62.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MOMENTA PHARMACEUTICALS INC 0.9 %
NEOGENOMICS INC 0.7 %
STAMPS.COM INC 0.7 %
KINSALE CAPITAL GROUP, INC. 0.6 %
SIMPSON MANUFACTURING CO INC 0.6 %
MERITAGE HOMES CORP 0.6 %
PROTO LABS INC 0.6 %
YETI HOLDINGS, INC. 0.6 %
EXPONENT INC 0.5 %
NEOGEN CORP 0.5 %
Total 6.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 101.3 %
PUERTO RICO 0.6 %
BERMUDA 0.5 %
BRITAIN 0.5 %
CAYMAN ISLANDS 0.3 %
IRELAND 0.2 %
NETHERLANDS 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.1% -8.2% 7.2% -- 10.5%

Market Correlations
versus... Beta R-squared
S&P500 1.23 87%
MSCI EAFE 1.28 78%
MSCI Emg. Mkts. 0.93 65%

Technical Indicators
Recent close $138.09
30d moving avg. $133.11
Annualized volatility 23.4%
Short interest (ETF) 0.5%
Short interest (Underlying) 6.5%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 34
Turnover 0.5%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $8,002

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VIOO Expense: 10 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VIOO
Ticker Fund
Name
Overlap1
vs VIOO
(%)
Expense
ratio
(bp)
Savings
vs VIOO
(bp)
ALTAR
Score™
(%)
ALTAR
vs VIOO
(%)
SPSM SPDR Portfolio Small Cap ETF 98.8 5 5 6.9 +0.1
SLY SPDR S&P 600 Small Cap ETF 98.8 15 -5 6.8 -0.0
IJR iShares Core S&P Small Cap ETF 98.4 6 4 6.9 +0.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 72.1 40 -30 7.1 +0.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 68.8 16 -6 5.2 -1.6
SLYG SPDR S&P 600 Small Cap Growth ETF 67.4 15 -5 5.3 -1.6
IJT iShares S&P Small-Cap 600 Growth ETF 67.3 25 -15 5.4 -1.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 65.1 15 -5 8.7 +1.9
IJS iShares S&P Small-cap 600 Value ETF 63.2 25 -15 8.8 +2.0
SLYV SPDR S&P 600 Small Cap Value ETF 63.1 15 -5 8.7 +1.9
SSLY Syntax Stratified SmallCap ETF 61.7 30 -20 6.4 -0.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 55.3 39 -29 6.8 0.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 44.2 29 -19 4.9 -1.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 42.4 35 -25 7.7 +0.9
TPSC Timothy Plan US Small Cap Core ETF 40.4 52 -42 7.9 +1.1
IWN iShares Russell 2000 Value ETF 40.0 24 -14 6.7 -0.1
EES WisdomTree SmallCap Earnings Fund 38.7 38 -28 10.0 +3.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 38.1 20 -10 4.7 -2.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 37.8 35 -25 5.8 -1.0
FYX First Trust Small Cap Core AlphaDEX Fund 37.7 63 -53 6.0 -0.8
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 37.4 35 -25 7.8 +1.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 37.1 30 -20 7.4 +0.6
ISMD Inspire Small/Mid Cap Impact ETF 36.2 60 -50 4.8 -2.0
IWM iShares Russell 2000 ETF 34.2 19 -9 3.3 -3.6
VTWO Vanguard Russell 2000 Index Fund 34.1 10 0 3.5 -3.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 34.0 39 -29 4.5 -2.4
PSC Principal U.S. Small Cap Index ETF 33.8 38 -28 6.7 -0.1
RNSC Small Cap US Equity Select ETF 33.0 60 -50 7.0 +0.1
DES WisdomTree U.S. SmallCap Dividend Fund 31.7 38 -28 8.3 +1.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 31.6 35 -25 5.7 -1.1
CSML IQ Chaikin U.S. Small Cap ETF 30.4 35 -25 3.8 -3.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 30.1 25 -15 7.2 +0.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 29.6 29 -19 0.2 -6.7
VTWV Vanguard Russell 2000 Value Index Fund 29.1 15 -5 6.9 +0.0
IWO iShares Russell 2000 Growth ETF 29.0 24 -14 -0.1 -7.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 28.5 12 -2 7.5 +0.7
PXSG Invesco S&P SmallCap Momentum ETF 28.3 39 -29 3.7 -3.2
IUSS Invesco Strategic US Small Company ETF 28.3 23 -13 5.1 -1.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 27.9 29 -19 5.7 -1.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 27.8 24 -14 6.3 -0.5
AFSM First Trust Active Factor Small Cap ETF 27.1 75 -65 5.3 -1.5
XSLV Invesco S&P SmallCap Low Volatility ETF 26.0 25 -15 5.5 -1.3
VTWG Vanguard Russell 2000 Growth Index Fund 25.6 15 -5 0.1 -6.7
AVUV Avantis U.S. Small Cap Value ETF 25.4 25 -15 7.9 +1.1
FYC First Trust Small Cap Growth AlphaDEX Fund 25.3 70 -60 1.8 -5.0
SCHA Schwab U.S. Small-Cap ETF 25.0 4 6 4.6 -2.2
PSCF Invesco S&P SmallCap Financials ETF 24.6 29 -19 11.1 +4.3
XSHQ Invesco S&P SmallCap Quality ETF 23.7 29 -19 6.6 -0.2
FYT First Trust Small Cap Value AlphaDEX Fund 23.1 72 -62 9.4 +2.6
ROGS Hartford Multifactor Global Small Cap ETF 22.9 34 -24 8.0 +1.2
NUSC Nuveen ESG Small-Cap ETF 22.5 40 -30 4.7 -2.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 20.1 17 -7 4.7 -2.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 19.4 6 4 5.0 -1.8
FSMD Fidelity Small-Mid Factor ETF 19.3 29 -19 6.1 -0.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 18.9 38 -28 8.3 +1.5
PSCI Invesco S&P SmallCap Industrials ETF 18.4 29 -19 6.3 -0.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 18.0 39 -29 9.0 +2.2
JKJ iShares Morningstar Small-Cap ETF 17.5 25 -15 6.3 -0.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 17.2 39 -29 6.4 -0.4
VFQY Vanguard U.S. Quality Factor ETF 17.1 13 -3 6.3 -0.6
VFMF Vanguard U.S. Multifactor ETF 17.0 19 -9 7.2 +0.4
SQLV Legg Mason Small-Cap Quality Value 17.0 62 -52 6.2 -0.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 16.0 20 -10 4.6 -2.2
RZV Invesco S&P Smallcap 600 Pure Value ETF 16.0 35 -25 8.0 +1.2
JKK iShares Morningstar Small-Cap Growth ETF 15.6 30 -20 1.0 -5.8
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 15.6 29 -19 7.5 +0.7
VBR Vanguard Small Cap Value Index Fund 15.2 7 3 7.9 +1.1
BFOR Barron's 400 ETF 14.6 65 -55 6.3 -0.5
CALF Pacer US Small Cap Cash Cows 100 ETF 14.5 59 -49 8.8 +2.0
DWAS Invesco DWA SmallCap Momentum ETF 14.4 60 -50 -2.0 -8.8
PSCT Invesco S&P SmallCap Information Technology ETF 14.2 29 -19 5.7 -1.1
VFVA Vanguard U.S. Value Factor ETF 14.1 14 -4 10.8 +4.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 13.5 80 -70 5.7 -1.2
JSML Janus Henderson Small Cap Growth Alpha ETF 13.4 30 -20 7.8 +1.0
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 13.4 20 -10 9.1 +2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 13.1 4 6 5.6 -1.3
VB Vanguard Small-Cap ETF 12.9 5 5 5.1 -1.7
VFLQ Vanguard U.S. Liquidity Factor ETF 12.3 14 -4 4.1 -2.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 12.3 66 -56 2.2 -4.6
BUY USCF SummerHaven SHPEI Index Fund 12.2 80 -70 8.6 +1.7
PSCH Invesco S&P SmallCap Health Care ETF 12.2 29 -19 2.8 -4.0
VXF Vanguard Extended Market Index Fund 11.2 6 4 3.4 -3.4
VBK Vanguard Small-Cap Growth Index Fund 10.9 7 3 2.2 -4.6
IWC iShares Micro-Cap ETF 10.8 60 -50 -3.8 -10.6
VUSE Vident Core US Equity Fund 10.7 48 -38 8.7 +1.9
VAMO Cambria Value & Momentum ETF 10.1 63 -53 5.9 -0.9
FAB First Trust Multi Cap Value AlphaDEX Fund 10.1 71 -61 9.5 +2.6
JHSC John Hancock Multifactor Small Cap ETF 9.8 42 -32 5.5 -1.4
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.8 30 -20 9.0 +2.1
VFMO Vanguard U.S. Momentum Factor ETF 9.2 13 -3 0.7 -6.1
SMDV ProShares Russell 2000 Dividend Growers ETF 8.7 41 -31 6.5 -0.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 8.5 70 -60 2.0 -4.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 8.4 30 -20 5.4 -1.4
TUSA First Trust Total US Market AlphaDEX ETF 8.3 70 -60 5.6 -1.3
EZM WisdomTree U.S. MidCap Earnings Fund 7.9 38 -28 8.6 +1.8
KRE SPDR S&P Regional Banking ETF 7.9 35 -25 10.4 +3.6
ROOF IQ US Real Estate Small Cap ETF 7.8 70 -60 11.8 +4.9
KOMP SPDR Kensho New Economies Composite ETF 7.5 20 -10 2.2 -4.6
RNMC Mid Cap US Equity Select ETF 7.4 60 -50 7.4 +0.6
RYJ Invesco Raymond James SB-1 Equity ETF 6.8 76 -66 3.3 -3.5

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 ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.