Vanguard S&P Small-Cap 600 Value ETF
ALTAR
Score™
8.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
46.9x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard S&P Small-Cap 600 Value ETF is an exchange-traded fund 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) $507
Currency USD
Expense ratio 15 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 453
Wgt avg mkt cap (mns) $1,502
Large cap (>$10bn) 0.3%
Mid cap ($2-10bn) 22.4%
Small cap (<$2bn) 77.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICHAEL KORS HOLDINGS LTD 1.1 %
GREEN DOT CORP-CLASS A 1.0 %
BED BATH & BEYOND INC 0.9 %
QUAKER CHEMICAL CORP 0.8 %
COVETRUS, INC. 0.8 %
MOMENTA PHARMACEUTICALS INC 0.8 %
ABM INDUSTRIES INC 0.8 %
MERIT MEDICAL SYSTEMS INC 0.7 %
PACIFIC PREMIER BANCORP INC 0.7 %
WOLVERINE WORLD WIDE INC 0.7 %
Total 8.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.8 %
BRITAIN 1.1 %
BERMUDA 0.9 %
PUERTO RICO 0.5 %
IRELAND 0.4 %
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.
-22.6% -16.6% 4.9% -- 8.7%

Market Correlations
versus... Beta R-squared
S&P500 1.31 85%
MSCI EAFE 1.41 80%
MSCI Emg. Mkts. 1.02 66%

Technical Indicators
Recent close $113.25
30d moving avg. $111.38
Annualized volatility 25.4%
Short interest (ETF) 0.3%
Short interest (Underlying) 6.2%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.6%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $5,355

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VIOV Expense: 15 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VIOV
Ticker Fund
Name
Overlap1
vs VIOV
(%)
Expense
ratio
(bp)
Savings
vs VIOV
(bp)
ALTAR
Score™
(%)
ALTAR
vs VIOV
(%)
IJS iShares S&P Small-cap 600 Value ETF 98.1 25 -10 8.9 +0.1
SLYV SPDR S&P 600 Small Cap Value ETF 97.6 15 0 8.8 -0.1
VIOO Vanguard S&P Small-Cap 600 ETF 65.2 10 5 6.9 -1.9
SLY SPDR S&P 600 Small Cap ETF 62.8 15 0 6.9 -1.9
SPSM SPDR Portfolio Small Cap ETF 62.8 5 10 7.0 -1.8
IJR iShares Core S&P Small Cap ETF 62.7 6 9 7.0 -1.8
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 60.5 40 -25 7.2 -1.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 53.6 39 -24 7.0 -1.8
SSLY Syntax Stratified SmallCap ETF 50.2 30 -15 6.5 -2.3
EES WisdomTree SmallCap Earnings Fund 34.3 38 -23 10.2 +1.4
IWN iShares Russell 2000 Value ETF 33.8 24 -9 6.8 -2.1
FYX First Trust Small Cap Core AlphaDEX Fund 31.7 63 -48 6.1 -2.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 31.4 35 -20 8.2 -0.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 31.3 35 -20 7.8 -1.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 31.3 29 -14 5.0 -3.8
PSCF Invesco S&P SmallCap Financials ETF 31.2 29 -14 11.1 +2.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 30.5 16 -1 5.3 -3.5
IJT iShares S&P Small-Cap 600 Growth ETF 29.9 25 -10 5.4 -3.4
SLYG SPDR S&P 600 Small Cap Growth ETF 29.9 15 0 5.4 -3.5
RNSC Small Cap US Equity Select ETF 29.2 60 -45 7.0 -1.8
TPSC Timothy Plan US Small Cap Core ETF 29.0 52 -37 7.9 -0.9
ISMD Inspire Small/Mid Cap Impact ETF 28.9 60 -45 4.9 -3.9
DES WisdomTree U.S. SmallCap Dividend Fund 28.4 38 -23 8.4 -0.4
FYT First Trust Small Cap Value AlphaDEX Fund 28.2 72 -57 9.5 +0.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 28.2 39 -24 9.3 +0.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 27.6 39 -24 4.5 -4.3
AVUV Avantis U.S. Small Cap Value ETF 27.0 25 -10 8.0 -0.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 26.9 25 -10 7.3 -1.5
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 26.8 29 -14 5.7 -3.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 26.5 35 -20 7.9 -0.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 25.6 20 -5 4.8 -4.0
CSML IQ Chaikin U.S. Small Cap ETF 25.0 35 -20 3.9 -4.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 24.9 35 -20 5.9 -2.9
VTWV Vanguard Russell 2000 Value Index Fund 24.7 15 0 6.9 -1.9
PSC Principal U.S. Small Cap Index ETF 24.6 38 -23 6.8 -2.0
IUSS Invesco Strategic US Small Company ETF 24.4 23 -8 5.2 -3.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 24.3 30 -15 7.5 -1.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 23.5 12 3 7.5 -1.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 22.9 39 -24 6.5 -2.3
VTWO Vanguard Russell 2000 Index Fund 22.4 10 5 3.5 -5.3
IWM iShares Russell 2000 ETF 22.4 19 -4 3.3 -5.5
AFSM First Trust Active Factor Small Cap ETF 21.7 75 -60 5.5 -3.4
ROGS Hartford Multifactor Global Small Cap ETF 21.1 34 -19 8.1 -0.7
CALF Pacer US Small Cap Cash Cows 100 ETF 20.9 59 -44 9.1 +0.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 20.8 24 -9 6.5 -2.4
XSHQ Invesco S&P SmallCap Quality ETF 20.7 29 -14 6.7 -2.1
STSB iShares Factors US Small Blend Style ETF 20.0 35 -20 3.6 -5.2
XSLV Invesco S&P SmallCap Low Volatility ETF 19.2 25 -10 5.5 -3.3
SQLV Legg Mason Small-Cap Quality Value 19.1 62 -47 6.4 -2.5
BUY USCF SummerHaven SHPEI Index Fund 18.0 80 -65 8.6 -0.2
FYC First Trust Small Cap Growth AlphaDEX Fund 17.4 70 -55 1.9 -7.0
PXSG Invesco S&P SmallCap Momentum ETF 17.3 39 -24 3.8 -5.0
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 17.1 29 -14 7.7 -1.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 17.0 29 -14 0.2 -8.6
SCHA Schwab U.S. Small-Cap ETF 16.6 4 11 4.7 -4.1
PSCI Invesco S&P SmallCap Industrials ETF 16.3 29 -14 6.5 -2.3
NUSC Nuveen ESG Small-Cap ETF 14.4 40 -25 4.7 -4.1
IWC iShares Micro-Cap ETF 13.8 60 -45 -3.9 -12.7
VFVA Vanguard U.S. Value Factor ETF 13.8 14 1 11.0 +2.2
VFQY Vanguard U.S. Quality Factor ETF 13.4 13 2 6.3 -2.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 13.3 17 -2 4.8 -4.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 12.9 38 -23 8.5 -0.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 12.9 6 9 5.1 -3.7
VBR Vanguard Small Cap Value Index Fund 12.4 7 8 8.0 -0.8
FSMD Fidelity Small-Mid Factor ETF 12.4 29 -14 6.2 -2.6
IWO iShares Russell 2000 Growth ETF 11.9 24 -9 -0.1 -8.9
VFMF Vanguard U.S. Multifactor ETF 11.7 19 -4 7.3 -1.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.3 20 -5 4.6 -4.2
PSCH Invesco S&P SmallCap Health Care ETF 11.2 29 -14 2.8 -6.0
VAMO Cambria Value & Momentum ETF 10.9 63 -48 6.1 -2.7
VFLQ Vanguard U.S. Liquidity Factor ETF 10.9 14 1 4.2 -4.6
VTWG Vanguard Russell 2000 Growth Index Fund 10.8 15 0 0.1 -8.7
KRE SPDR S&P Regional Banking ETF 10.8 35 -20 10.1 +1.3
JKJ iShares Morningstar Small-Cap ETF 10.8 25 -10 6.4 -2.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 10.6 80 -65 5.7 -3.1
VUSE Vident Core US Equity Fund 10.3 48 -33 9.0 +0.2
DWAS Invesco DWA SmallCap Momentum ETF 10.0 60 -45 -2.0 -10.8
SMDV ProShares Russell 2000 Dividend Growers ETF 9.7 41 -26 6.4 -2.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 9.7 60 -45 9.9 +1.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.4 30 -15 9.1 +0.3
ROOF IQ US Real Estate Small Cap ETF 9.4 70 -55 11.9 +3.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 9.3 20 -5 9.2 +0.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 8.7 35 -20 10.0 +1.2
FAB First Trust Multi Cap Value AlphaDEX Fund 8.7 71 -56 9.6 +0.8
BFOR Barron's 400 ETF 8.6 65 -50 6.4 -2.4
VB Vanguard Small-Cap ETF 8.6 5 10 5.2 -3.6
VXF Vanguard Extended Market Index Fund 7.4 6 9 3.5 -5.3
PSCM Invesco S&P SmallCap Materials ETF 7.1 29 -14 8.7 -0.1
BKSE BNY Mellon US Small Cap Core Equity ETF 7.0 4 11 5.6 -3.2
KSCD KFA Small Cap Quality Dividend Index ETF 6.7 51 -36 5.5 -3.3
KBE SPDR S&P Bank ETF 6.6 35 -20 10.6 +1.8
PSCT Invesco S&P SmallCap Information Technology ETF 6.4 29 -14 5.8 -3.0
RYJ Invesco Raymond James SB-1 Equity ETF 6.2 76 -61 3.4 -5.4
TUSA First Trust Total US Market AlphaDEX ETF 5.9 70 -55 5.7 -3.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 5.8 66 -51 2.3 -6.5
JSML Janus Henderson Small Cap Growth Alpha ETF 5.8 30 -15 8.1 -0.7
XRT SPDR S&P Retail ETF 5.7 35 -20 5.7 -3.1
KBWR Invesco KBW Regional Banking ETF 5.6 35 -20 10.7 +1.9
JKL iShares Morningstar Small Cap Value ETF 5.6 30 -15 10.0 +1.2
VFMO Vanguard U.S. Momentum Factor ETF 5.5 13 2 0.7 -8.1

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 S&P Small-Cap 600 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.6 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.