Vanguard Mid-Cap Index Fund
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
28.4x P/Sales
ratio
1.9x
P/BV
ratio
2.6x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Mid-Cap ETF seeks to track the performance of the MSCI US Mid Cap 450 Index. The Fund invests all of its assets in the stocks that make up the Index, holding each stock in the same pr

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 30, 2004
Assets (mns) $31,986
Currency USD
Expense ratio 4 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian JPMorgan Chase Bank
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 345
Wgt avg mkt cap (mns) $18,047
Large cap (>$10bn) 81.9%
Mid cap ($2-10bn) 18.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEWMONT MINING CORP 1.2 %
CENTENE CORP 0.9 %
SBA COMMUNICATIONS CORP. CLASS A 0.9 %
LULULEMON ATHLETICA INC 0.9 %
DEXCOM INC 0.8 %
DIGITAL REALTY TRUST INC 0.7 %
ADVANCED MICRO DEVICES 0.7 %
WEC ENERGY GROUP INC 0.7 %
VEEVA SYSTEMS INC-CLASS A 0.7 %
SPLUNK INC 0.7 %
Total 8.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.9 %
BRITAIN 1.7 %
BERMUDA 1.1 %
IRELAND 0.9 %
CANADA 0.6 %
SWITZERLAND 0.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.0% 4.8% 6.2% 11.6% 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.15 96%
MSCI EAFE 1.18 86%
MSCI Emg. Mkts. 0.87 71%

Technical Indicators
Recent close $168.45
30d moving avg. $152.50
Annualized volatility 20.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.3%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 1,020
Turnover 0.5%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $69,680

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard Mid-Cap Index Fund ETF based on the alternatives' overlap in portfolio holdings with VO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VO Expense: 4 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VO
Ticker Fund
Name
Overlap1
vs VO
(%)
Expense
ratio
(bp)
Savings
vs VO
(bp)
ALTAR
Score™
(%)
ALTAR
vs VO
(%)
JHMM John Hancock Multifactor Mid Cap ETF 57.4 44 -40 5.6 +0.2
IWR iShares Russell Midcap ETF 56.9 19 -15 5.5 +0.2
VOT Vanguard Mid-Cap Growth Index Fund 55.5 7 -3 3.5 -1.8
IWS iShares Russell Mid-Cap Value ETF 50.2 24 -20 7.0 +1.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 49.2 29 -25 7.1 +1.7
IWP iShares Russell Mid-Cap Growth ETF 49.1 24 -20 4.1 -1.2
SIZE iShares Edge MSCI USA Size Factor ETF 48.1 15 -11 5.8 +0.5
EUSA iShares MSCI USA Equal Weighted ETF 47.4 15 -11 5.9 +0.6
VOE Vanguard Mid-Cap Value Index Fund 45.8 7 -3 7.7 +2.3
SCIU Global X Scientific Beta US ETF 44.9 19 -15 5.6 +0.3
RSP Invesco S&P 500 Equal Weight ETF 44.8 20 -16 6.7 +1.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 44.7 24 -20 5.9 +0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 44.5 9 -5 5.8 +0.5
TPLC Timothy Plan US Large Cap Core ETF 39.4 52 -48 5.3 -0.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 37.3 35 -31 5.7 +0.4
FEX First Trust Large Cap Core AlphaDEX Fund 36.4 60 -56 5.9 +0.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 36.0 20 -16 6.9 +1.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 35.5 17 -13 6.4 +1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 35.5 20 -16 6.4 +1.0
JKH iShares Morningstar Mid-Cap Growth ETF 35.3 30 -26 2.4 -3.0
RNLC Large Cap US Equity Select ETF 32.6 60 -56 6.1 +0.7
JKG iShares Morningstar Mid-Cap ETF 32.5 25 -21 5.9 +0.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 32.4 29 -25 6.5 +1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 31.9 17 -13 6.8 +1.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 31.5 35 -31 5.7 +0.3
FTC First Trust Large Cap Growth AlphaDEX Fund 31.3 61 -57 3.0 -2.4
RBUS Nationwide Risk-Based U.S. Equity ETF 31.2 30 -26 5.0 -0.3
ETHO Etho Climate Leadership U.S. ETF 29.9 47 -43 4.3 -1.1
EQAL Invesco Russell 1000 Equal Weight ETF 29.2 20 -16 5.0 -0.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 28.4 19 -15 6.1 +0.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.9 75 -71 3.6 -1.7
JHML John Hancock Multifactor Large Cap ETF 27.2 34 -30 5.5 +0.1
ACWF iShares FactorSelect MSCI Global ETF 26.6 35 -31 8.1 +2.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 26.4 20 -16 7.5 +2.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 26.1 30 -26 6.6 +1.3
TUSA First Trust Total US Market AlphaDEX ETF 25.5 70 -66 5.9 +0.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 25.2 34 -30 5.2 -0.2
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 25.2 30 -26 5.8 +0.5
JMOM JPMorgan U.S. Momentum Factor ETF 25.1 12 -8 3.9 -1.5
LRGF iShares Edge MSCI Multifactor USA ETF 24.8 20 -16 6.9 +1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.2 9 -5 5.5 +0.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 24.2 15 -11 6.7 +1.3
PSET Principal Price Setters Index ETF 23.2 29 -25 4.6 -0.8
JKI iShares Morningstar Mid-Cap Value ETF 23.0 30 -26 9.2 +3.9
BFOR Barron's 400 ETF 22.6 66 -62 6.2 +0.8
BLES Inspire Global Hope Large Cap ETF 22.6 61 -57 6.2 +0.9
SCHM Schwab U.S. Mid-Cap ETF 22.4 4 0 6.2 +0.8
RPG Invesco S&P 500 Pure Growth ETF 22.2 35 -31 4.4 -1.0
AFLG First Trust Active Factor Large Cap ETF 22.1 55 -51 5.5 +0.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 22.1 66 -62 2.5 -2.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 21.5 65 -61 4.8 -0.6
JMIN JPMorgan U.S. Minimum Volatility ETF 21.5 12 -8 5.7 +0.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 21.3 35 -31 5.8 +0.5
ONEY SPDR Russell 1000 Yield Focus ETF 21.2 20 -16 8.1 +2.8
RNDV US Equity Dividend Select ETF 21.2 50 -46 7.5 +2.1
USMF WisdomTree U.S. Multifactor Fund 20.9 28 -24 6.1 +0.7
NUMG Nuveen ESG Mid-Cap Growth ETF 20.7 40 -36 3.1 -2.3
FLQL Franklin LibertyQ U.S. Equity ETF 20.5 15 -11 6.2 +0.9
BIBL Inspire ETF 20.3 35 -31 4.7 -0.7
MAGA Point Bridge GOP Stock Tracker ETF 20.0 72 -68 6.3 +1.0
USMV iShares Edge MSCI Min Vol USA ETF 19.4 15 -11 5.6 +0.3
FAB First Trust Multi Cap Value AlphaDEX Fund 19.4 71 -67 9.1 +3.8
EXT WisdomTree U.S. Total Earnings Fund 19.3 28 -24 5.7 +0.4
ROUS Hartford Multifactor US Equity ETF 19.3 19 -15 7.1 +1.7
FTA First Trust Large Cap Value AlphaDEX Fund 19.2 60 -56 8.8 +3.4
PVAL Principal Contrarian Value Index ETF 18.6 29 -25 7.3 +1.9
QUS SPDR MSCI USA StrategicFactors ETF 18.5 15 -11 5.8 +0.4
VXF Vanguard Extended Market Index Fund 18.1 7 -3 3.8 -1.6
IWD iShares Russell 1000 Value ETF 18.0 19 -15 6.9 +1.6
VONV Vanguard Russell 1000 Value Index Fund 17.9 8 -4 7.0 +1.7
AVUS Avantis U.S. Equity ETF 17.9 15 -11 5.7 +0.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 17.3 35 -31 4.3 -1.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 17.3 60 -56 4.1 -1.3
JVAL JPMorgan U.S. Value Factor ETF 17.2 12 -8 8.6 +3.2
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 17.1 25 -21 7.2 +1.9
JDIV JPMorgan U.S. Dividend ETF 16.9 12 -8 7.8 +2.4
VUG Vanguard Growth Index Fund 16.9 4 0 4.2 -1.2
IVE iShares S&P 500 Value ETF 16.8 18 -14 7.1 +1.7
SPYV SPDR Portfolio S&P 500 Value ETF 16.8 4 0 7.2 +1.8
VOOV Vanguard S&P 500 Value ETF 16.7 15 -11 7.1 +1.7
IYF iShares U.S. Financials ETF 16.6 42 -38 6.8 +1.4
DON WisdomTree U.S. MidCap Dividend Fund 16.5 38 -34 7.4 +2.1
JHMT John Hancock Multifactor Technology ETF 16.5 40 -36 5.0 -0.3
VEGN US Vegan Climate ETF 16.4 60 -56 5.2 -0.1
IYJ iShares U.S. Industrials ETF 16.3 42 -38 5.8 +0.4
DEF Invesco Defensive Equity ETF 16.2 55 -51 5.0 -0.3
HLAL Wahed FTSE USA Shariah ETF 16.2 50 -46 4.6 -0.8
VV Vanguard Large-Cap Index Fund 16.1 4 0 5.3 -0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 16.1 29 -25 6.1 +0.7
IUSV iShares Core S&P U.S. Value ETF 16.1 4 0 7.3 +1.9
QGRO American Century STOXX U.S. Quality Growth ETF 16.0 29 -25 3.1 -2.3
ESGU iShares MSCI USA ESG Optimized ETF 15.9 15 -11 5.1 -0.3
SFY SoFi Select 500 ETF 15.9 0 4 5.3 -0.1
SCHV Schwab U.S. Large-Cap Value ETF 15.7 4 0 7.0 +1.6
JQUA JPMorgan U.S. Quality Factor ETF 15.6 12 -8 5.2 -0.2
PBUS Invesco PureBeta MSCI USA ETF 15.6 4 0 5.3 -0.1
RWL Invesco S&P 500 Revenue ETF 15.5 39 -35 6.7 +1.3
SPMO Invesco S&P 500 Momentum ETF 15.5 13 -9 4.4 -0.9
VLU SPDR S&P 1500 Value Tilt ETF 15.5 12 -8 7.0 +1.7
SCHX Schwab U.S. Large-Cap ETF 15.4 3 1 5.3 -0.0

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 Mid-Cap Index Fund
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 13.4 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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