Vanguard S&P Small-Cap 600 Value
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
22.5x P/Sales
ratio
0.6x
P/BV
ratio
1.4x Div.
yield
2.1%


  • 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 09, 2010
Assets (mns) $415
Currency USD
Expense ratio 20 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 449
Wgt avg mkt cap (mns) $1,746
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 35.5%
Small cap (<$2bn) 64.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DARLING INTERNATIONAL INC 1.0 %
TOPBUILD CORP 0.9 %
LITHIA MOTORS INC-CL A 0.9 %
SKYWEST INC 0.8 %
UNIVERSAL FOREST PRODUCTS 0.8 %
MOOG INC-CLASS A 0.7 %
ITRON INC 0.7 %
SOUTH JERSEY INDUSTRIES 0.7 %
COLUMBIA BANKING SYSTEM INC 0.7 %
AMERIS BANCORP 0.7 %
Total 8.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
BERMUDA 0.9 %
PUERTO RICO 0.6 %
CAYMAN ISLANDS 0.4 %
BRITAIN 0.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
20.8% 5.8% 7.9% -- 12.3%

Market Correlations
versus... Beta R-squared
S&P500 1.23 72%
MSCI EAFE 1.11 49%
MSCI Emg. Mkts. 0.67 29%

Technical Indicators
Recent close $137.26
30d moving avg. $134.74
Annualized volatility 17.4%
Short interest (ETF) 0.2%
Short interest (Underlying) 6.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.4%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $5,400

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Vanguard S&P Small-Cap 600 Value 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: 20 bp ALTAR Score™: 6.7%


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
(%)
SLYV SPDR S&P600 Small Cap Value 97.7 15 5 6.7 -0.0
IJS iShares S&P 600 SmallCap Value 97.5 25 -5 6.6 -0.1
SLY SPDR S&P 600 Small Cap 64.1 15 5 5.6 -1.1
IJR iShares Core S&P Small-Cap 63.8 7 13 5.7 -1.1
VIOO Vanguard S&P Small-Cap 600 63.7 15 5 5.7 -1.1
EWSC Invesco S&P Small Cap 600 Equal Weight 59.6 40 -20 2.9 -3.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 52.3 39 -19 -5.1 -11.8
EES WisdomTree SmallCap Earnings 39.2 38 -18 9.0 +2.2
FYX First Trust Small Cap Core Alphadex 36.9 66 -46 5.4 -1.3
ISMD Inspire Small/Mid Cap Impact 35.2 61 -41 4.6 -2.2
CSA Victory CEMP US Small Cap Volatility Wtd 34.1 35 -15 7.1 +0.3
RZV Invesco S&P Smallcap 600 Pure Value 34.1 35 -15 6.4 -0.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 34.0 29 -9 4.1 -2.7
CSF Compass EMP US Discovery 500 Enhanced Vol. 33.4 35 -15 7.1 +0.3
TPSC Timothy Plan US Small Cap Core 32.8 52 -32 6.7 -0.1
IWN iShares Russell 2000 Value 32.5 24 -4 6.1 -0.6
VTWV Vanguard Russell 2000 Value 32.4 20 0 6.2 -0.6
PRFZ Invesco FTSE-RAFI Small-Mid 1500 31.2 39 -19 4.5 -2.2
RNSC Small Cap US Equity Select 30.1 60 -40 5.9 -0.8
FYT First Trust Small Cap Value AlphaDEX 29.9 76 -56 7.0 +0.3

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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
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 9.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.56
 
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.