Vanguard Mid-Cap Index Fund
ALTAR
Score™
4.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
33.1x P/Sales
ratio
2.1x
P/BV
ratio
3.1x Div.
yield
1.5%


  • 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 26, 2004
Assets (mns) $39,492
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 347
Wgt avg mkt cap (mns) $19,869
Large cap (>$10bn) 90.3%
Mid cap ($2-10bn) 8.5%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SNAP, INC. CLASS A 0.8 %
TWILIO, INC. CLASS A 0.7 %
LULULEMON ATHLETICA INC 0.7 %
IDEXX LABORATORIES INC 0.7 %
DOCUSIGN, INC. 0.7 %
DIGITAL REALTY TRUST INC 0.7 %
AMPHENOL CORP-CL A 0.7 %
KLA-TENCOR CORPORATION 0.7 %
VEEVA SYSTEMS INC-CLASS A 0.7 %
CENTENE CORP 0.7 %
Total 7.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.7 %
BRITAIN 1.3 %
BERMUDA 0.9 %
IRELAND 0.8 %
CANADA 0.5 %
SWITZERLAND 0.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.2% 5.9% 9.1% 11.5% 9.4%

Market Correlations
versus... Beta R-squared
S&P500 1.09 93%
MSCI EAFE 1.14 84%
MSCI Emg. Mkts. 0.85 72%

Technical Indicators
Recent close $197.50
30d moving avg. $187.18
Annualized volatility 20.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 5.3%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 622
Turnover 0.3%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $56,045

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.8%


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
(%)
BKMC BNY Mellon US Mid Cap Core Equity ETF 67.4 4 0 4.9 +0.1
IWR iShares Russell Midcap ETF 60.0 19 -15 5.0 +0.2
IWS iShares Russell Mid-Cap Value ETF 54.5 24 -20 6.3 +1.5
VOT Vanguard Mid-Cap Growth Index Fund 52.6 7 -3 2.9 -1.9
JHMM John Hancock Multifactor Mid Cap ETF 51.7 42 -38 5.1 +0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 50.4 9 -5 5.5 +0.7
SIZE iShares MSCI USA Size Factor ETF 50.3 15 -11 5.5 +0.7
EUSA iShares MSCI USA Equal Weighted ETF 49.2 15 -11 5.6 +0.8
VOE Vanguard Mid-Cap Value Index Fund 48.0 7 -3 6.9 +2.1
RSP Invesco S&P 500 Equal Weight ETF 46.3 20 -16 5.9 +1.1
FEX First Trust Large Cap Core AlphaDEX Fund 42.1 60 -56 5.0 +0.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 41.6 29 -25 6.6 +1.8
IWP iShares Russell Mid-Cap Growth ETF 41.0 24 -20 2.8 -2.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 40.9 24 -20 5.6 +0.8
TPLC Timothy Plan US Large Cap Core ETF 39.9 52 -48 4.7 -0.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 39.1 35 -31 5.4 +0.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 39.1 35 -31 5.4 +0.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 38.0 17 -13 6.0 +1.2
ONEO SPDR Russell 1000 Momentum Focus ETF 38.0 20 -16 5.9 +1.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 36.7 20 -16 6.4 +1.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 35.2 17 -13 6.3 +1.5
RNLC Large Cap US Equity Select ETF 32.4 60 -56 5.6 +0.8
JKH iShares Morningstar Mid-Cap Growth ETF 32.4 30 -26 1.9 -2.9
RBUS Nationwide Risk-Based U.S. Equity ETF 31.9 30 -26 4.7 -0.1
JKG iShares Morningstar Mid-Cap ETF 31.8 25 -21 4.9 +0.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 31.8 60 -56 5.9 +1.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 31.5 30 -26 6.1 +1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 31.0 29 -25 6.2 +1.4
EQAL Invesco Russell 1000 Equal Weight ETF 30.7 20 -16 5.3 +0.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 30.5 35 -31 5.2 +0.4
JHML John Hancock Multifactor Large Cap ETF 30.3 29 -25 5.1 +0.3
STMB iShares Factors US Mid Blend Style ETF 29.9 30 -26 5.2 +0.4
FTC First Trust Large Cap Growth AlphaDEX Fund 29.3 61 -57 2.4 -2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 28.9 18 -14 5.8 +1.0
TUSA First Trust Total US Market AlphaDEX ETF 28.4 70 -66 5.4 +0.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 28.4 15 -11 6.2 +1.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 28.0 20 -16 7.1 +2.3
ETHO Etho Climate Leadership U.S. ETF 27.3 47 -43 4.0 -0.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 26.8 30 -26 5.3 +0.5
JMOM JPMorgan U.S. Momentum Factor ETF 26.6 12 -8 3.3 -1.5
FTA First Trust Large Cap Value AlphaDEX Fund 26.4 60 -56 7.8 +3.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.3 9 -5 5.3 +0.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 26.1 65 -61 2.5 -2.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 25.0 34 -30 4.5 -0.3
JKI iShares Morningstar Mid-Cap Value ETF 25.0 30 -26 7.8 +3.1
FAB First Trust Multi Cap Value AlphaDEX Fund 24.3 71 -67 8.4 +3.6
BLES Inspire Global Hope Large Cap ETF 24.2 52 -48 5.9 +1.1
ACWF iShares FactorSelect MSCI Global ETF 23.9 35 -31 7.5 +2.7
VOOV Vanguard S&P 500 Value ETF 22.7 10 -6 6.8 +2.0
VONV Vanguard Russell 1000 Value Index Fund 22.5 8 -4 6.5 +1.7
AFLG First Trust Active Factor Large Cap ETF 22.5 55 -51 4.9 +0.1
IWD iShares Russell 1000 Value ETF 22.0 19 -15 6.3 +1.5
SCHV Schwab U.S. Large-Cap Value ETF 21.5 4 0 6.3 +1.5
ROUS Hartford Multifactor US Equity ETF 21.4 19 -15 6.2 +1.4
SPYV SPDR Portfolio S&P 500 Value ETF 21.3 4 0 6.8 +2.1
IVE iShares S&P 500 Value ETF 21.3 18 -14 6.7 +1.9
PSET Principal Price Setters Index ETF 21.2 15 -11 4.7 -0.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 21.2 66 -62 2.0 -2.8
JMIN JPMorgan U.S. Minimum Volatility ETF 21.2 12 -8 5.3 +0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 21.0 75 -71 4.0 -0.8
BIBL Inspire ETF 20.8 35 -31 4.5 -0.3
BFOR Barron's 400 ETF 20.7 65 -61 6.1 +1.3
MAGA Point Bridge GOP Stock Tracker ETF 20.6 72 -68 5.7 +0.9
LRGF iShares Edge MSCI Multifactor USA ETF 20.6 20 -16 6.8 +2.0
VTV Vanguard Value Index Fund 20.2 4 0 6.8 +2.0
IUSV iShares Core S&P U.S. Value ETF 20.1 4 0 6.9 +2.1
RPG Invesco S&P 500 Pure Growth ETF 20.0 35 -31 4.2 -0.6
FLQL Franklin LibertyQ U.S. Equity ETF 20.0 15 -11 5.9 +1.1
QUS SPDR MSCI USA StrategicFactors ETF 19.9 15 -11 5.5 +0.7
JVAL JPMorgan U.S. Value Factor ETF 19.9 12 -8 7.6 +2.8
ONEY SPDR Russell 1000 Yield Focus ETF 19.8 20 -16 7.7 +2.9
EXT WisdomTree U.S. Total Earnings Fund 19.7 28 -24 5.2 +0.4
USXF iShares ESG Advanced MSCI USA ETF 19.5 10 -6 4.7 -0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 19.4 29 -25 5.2 +0.5
AVUS Avantis U.S. Equity ETF 19.3 15 -11 5.2 +0.4
VLU SPDR S&P 1500 Value Tilt ETF 19.0 12 -8 6.5 +1.7
RWL Invesco S&P 500 Revenue ETF 18.8 39 -35 6.6 +1.8
VEGN US Vegan Climate ETF 18.5 60 -56 4.7 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 18.4 12 -8 5.1 +0.4
IYF iShares U.S. Financials ETF 18.3 42 -38 6.4 +1.6
CATH Global X S&P 500 Catholic Values Custom ETF 18.2 29 -25 4.8 -0.0
ESGV Vanguard ESG U.S. Stock ETF 18.2 12 -8 4.8 -0.0
USMF WisdomTree U.S. Multifactor Fund 18.1 28 -24 5.6 +0.8
PRF Invesco FTSE RAFI US 1000 ETF 17.9 39 -35 6.2 +1.4
VV Vanguard Large-Cap Index Fund 17.9 4 0 4.9 +0.1
PBUS Invesco PureBeta MSCI USA ETF 17.8 4 0 4.9 +0.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 17.8 29 -25 8.0 +3.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 17.8 25 -21 6.1 +1.3
SCHX Schwab U.S. Large-Cap ETF 17.7 3 1 4.8 +0.1
RNDV US Equity Dividend Select ETF 17.6 50 -46 7.9 +3.1
SPXT ProShares S&P 500 Ex-Technology ETF 17.5 27 -23 5.2 +0.4
HLAL Wahed FTSE USA Shariah ETF 17.5 50 -46 4.2 -0.6
VXF Vanguard Extended Market Index Fund 17.4 6 -2 2.9 -1.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 17.4 7 -3 4.9 +0.1
FVL First Trust Value Line 100 Exchange-Traded Fund 17.3 70 -66 4.9 +0.1
IUS Invesco Strategic US ETF 17.3 19 -15 5.8 +1.0
SFY SoFi Select 500 ETF 17.3 0 4 4.8 0.0
ESGU iShares MSCI USA ESG Optimized ETF 17.3 15 -11 4.7 -0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 17.2 2 2 4.9 +0.1

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 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 13.8 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.50
 
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.