Vanguard S&P Small-Cap 600 Value ETF
ALTAR
Score™
10.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
25.4x P/Sales
ratio
0.5x
P/BV
ratio
0.9x Div.
yield
3.3%


  • 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) $382
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 452
Wgt avg mkt cap (mns) $1,297
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 20.1%
Small cap (<$2bn) 79.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ANIXTER INTERNATIONAL INC 1.0 %
INTEGER HOLDINGS CORPORATION 1.0 %
AVISTA CORP 0.9 %
MERIT MEDICAL SYSTEMS INC 0.9 %
OLD NATL BANCORP/IN 0.8 %
QUAKER CHEMICAL CORP 0.8 %
ABM INDUSTRIES INC 0.8 %
HILLENBRAND INC 0.7 %
SANMINA CORP 0.7 %
AMERICAN EQUITY INVT LIFE HL 0.7 %
Total 8.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.5 %
BERMUDA 0.6 %
CAYMAN ISLANDS 0.5 %
PUERTO RICO 0.4 %
IRELAND 0.3 %
NETHERLANDS 0.2 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-28.8% -24.6% 1.1% -- 8.2%

Market Correlations
versus... Beta R-squared
S&P500 1.38 82%
MSCI EAFE 1.41 75%
MSCI Emg. Mkts. 1.02 61%

Technical Indicators
Recent close $97.24
30d moving avg. $92.69
Annualized volatility 25.5%
Short interest (ETF) 1.5%
Short interest (Underlying) 6.2%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 66
Turnover 1.7%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $5,276

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 10.0%


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&P 600 Small Cap Value ETF 96.7 15 0 10.3 +0.3
IJS iShares S&P Small-cap 600 Value ETF 96.7 25 -10 10.1 +0.1
SLY SPDR S&P 600 Small Cap ETF 61.4 15 0 7.8 -2.2
SPSM SPDR Portfolio Small Cap ETF 61.4 5 10 7.9 -2.1
IJR iShares Core S&P Small Cap ETF 61.4 7 8 7.8 -2.2
VIOO Vanguard S&P Small-Cap 600 ETF 60.4 10 5 7.6 -2.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 57.4 40 -25 6.7 -3.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 47.6 39 -24 6.3 -3.7
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 41.2 39 -24 6.7 -3.3
EES WisdomTree SmallCap Earnings Fund 32.0 38 -23 12.6 +2.7
IWN iShares Russell 2000 Value ETF 32.0 24 -9 7.9 -2.1
VTWV Vanguard Russell 2000 Value Index Fund 31.3 15 0 8.0 -2.0
ISMD Inspire Small/Mid Cap Impact ETF 31.0 61 -46 7.4 -2.6
SLYG SPDR S&P 600 Small Cap Growth ETF 31.0 15 0 5.8 -4.2
IJT iShares S&P Small-Cap 600 Growth ETF 31.0 25 -10 5.7 -4.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 30.8 16 -1 5.8 -4.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 29.8 29 -14 6.5 -3.5
TPSC Timothy Plan US Small Cap Core ETF 29.5 52 -37 8.4 -1.6
PSCF Invesco S&P SmallCap Financials ETF 29.2 29 -14 12.9 +2.9
DES WisdomTree U.S. SmallCap Dividend Fund 28.2 38 -23 9.4 -0.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 28.2 35 -20 9.0 -1.0
FYX First Trust Small Cap Core AlphaDEX Fund 28.1 63 -48 7.3 -2.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 28.0 39 -24 4.6 -5.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 28.0 35 -20 10.3 +0.3
RNSC Small Cap US Equity Select ETF 27.0 60 -45 8.5 -1.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 25.9 39 -24 11.2 +1.3
FYT First Trust Small Cap Value AlphaDEX Fund 25.9 72 -57 10.4 +0.4
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 25.7 29 -14 11.4 +1.4
XSLV Invesco S&P SmallCap Low Volatility ETF 24.8 25 -10 6.3 -3.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 24.4 20 -5 6.6 -3.4
AVUV Avantis U.S. Small Cap Value ETF 24.1 25 -10 10.2 +0.3
CSML IQ Chaikin U.S. Small Cap ETF 23.9 35 -20 5.3 -4.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 23.8 35 -20 9.0 -1.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 23.7 25 -10 7.2 -2.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 22.9 35 -20 6.8 -3.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 22.0 12 3 9.0 -1.0
IWM iShares Russell 2000 ETF 21.9 19 -4 4.0 -6.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 21.3 30 -15 8.3 -1.7
VTWO Vanguard Russell 2000 Index Fund 21.3 10 5 4.1 -5.9
ROGS Hartford Multifactor Global Small Cap ETF 21.2 34 -19 8.8 -1.2
AFSM First Trust Active Factor Small Cap ETF 20.7 75 -60 6.9 -3.1
IUSS Invesco Strategic US Small Company ETF 20.1 23 -8 6.6 -3.4
PSC Principal U.S. Small Cap Index ETF 19.9 38 -23 8.0 -2.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 18.9 29 -14 2.3 -7.7
XSHQ Invesco S&P SmallCap Quality ETF 18.4 29 -14 6.5 -3.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.0 24 -9 8.2 -1.8
SCHA Schwab U.S. Small-Cap ETF 16.3 4 11 5.3 -4.7
SQLV Legg Mason Small-Cap Quality Value 15.9 62 -47 8.0 -1.9
BUY USCF SummerHaven SHPEI Index Fund 15.8 80 -65 11.8 +1.8
NUSC Nuveen ESG Small-Cap ETF 14.9 40 -25 5.5 -4.5
PSCI Invesco S&P SmallCap Industrials ETF 14.9 29 -14 7.5 -2.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 14.7 17 -2 5.4 -4.6
VBR Vanguard Small Cap Value Index Fund 14.7 7 8 9.3 -0.7
IWO iShares Russell 2000 Growth ETF 14.5 24 -9 0.9 -9.1
JKJ iShares Morningstar Small-Cap ETF 14.3 25 -10 6.9 -3.1
VTWG Vanguard Russell 2000 Growth Index Fund 14.0 15 0 1.0 -9.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 13.7 38 -23 9.7 -0.3
PXSG Invesco S&P SmallCap Momentum ETF 13.3 39 -24 5.6 -4.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 13.2 6 9 5.6 -4.4
CALF Pacer US Small Cap Cash Cows 100 ETF 13.1 59 -44 12.4 +2.5
IWC iShares Micro-Cap ETF 12.8 60 -45 -4.1 -14.0
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 12.7 29 -14 9.7 -0.3
PSCH Invesco S&P SmallCap Health Care ETF 12.1 29 -14 3.2 -6.8
VFVA Vanguard U.S. Value Factor ETF 12.0 13 2 12.8 +2.8
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 12.0 30 -15 12.9 +2.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 11.8 80 -65 5.8 -4.1
VFQY Vanguard U.S. Quality Factor ETF 11.6 13 2 6.7 -3.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.3 20 -5 6.4 -3.6
FYC First Trust Small Cap Growth AlphaDEX Fund 10.9 70 -55 2.8 -7.1
FAB First Trust Multi Cap Value AlphaDEX Fund 10.8 71 -56 10.9 +0.9
VFMF Vanguard U.S. Multifactor ETF 10.2 18 -3 7.8 -2.2
KRE SPDR S&P Regional Banking ETF 10.0 35 -20 12.2 +2.2
VB Vanguard Small-Cap ETF 9.9 5 10 6.0 -4.0
FSMD Fidelity Small-Mid Factor ETF 9.9 29 -14 7.6 -2.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 9.8 60 -45 11.4 +1.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 9.8 35 -20 10.4 +0.4
VFLQ Vanguard U.S. Liquidity Factor ETF 9.6 13 2 3.9 -6.1
SMDV ProShares Russell 2000 Dividend Growers ETF 9.6 40 -25 7.5 -2.5
JKL iShares Morningstar Small Cap Value ETF 9.6 30 -15 11.0 +1.0
DWAS Invesco DWA SmallCap Momentum ETF 8.8 60 -45 -1.1 -11.1
VUSE Vident Core US Equity Fund 8.8 48 -33 8.5 -1.5
ROOF IQ US Real Estate Small Cap ETF 8.7 70 -55 12.4 +2.4
VXF Vanguard Extended Market Index Fund 8.6 7 8 4.2 -5.8
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 8.2 48 -33 6.9 -3.1
PSCT Invesco S&P SmallCap Information Technology ETF 8.2 29 -14 6.0 -4.0
VAMO Cambria Value & Momentum ETF 7.8 64 -49 8.0 -2.0
KSCD KFA Small Cap Quality Dividend Index ETF 7.6 51 -36 6.6 -3.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 7.2 20 -5 10.7 +0.7
JSML Janus Henderson Small Cap Growth Alpha ETF 6.3 35 -20 6.5 -3.5
KBE SPDR S&P Bank ETF 6.3 35 -20 12.2 +2.2
JKK iShares Morningstar Small-Cap Growth ETF 6.3 30 -15 1.5 -8.5
PSCM Invesco S&P SmallCap Materials ETF 6.2 29 -14 10.5 +0.5
TUSA First Trust Total US Market AlphaDEX ETF 6.1 70 -55 6.8 -3.2
BFOR Barron's 400 ETF 5.9 66 -51 6.8 -3.2
VBK Vanguard Small-Cap Growth Index Fund 5.6 7 8 2.8 -7.2
KBWR Invesco KBW Regional Banking ETF 5.3 35 -20 12.1 +2.1
KOMP SPDR Kensho New Economies Composite ETF 5.3 20 -5 1.8 -8.2
XRT SPDR S&P Retail ETF 5.2 35 -20 7.5 -2.5
IFRA iShares U.S. Infrastructure ETF 5.2 40 -25 6.3 -3.7

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 9.0 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 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.