Vanguard Mid-Cap Index Fund
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
32.6x P/Sales
ratio
2.0x
P/BV
ratio
2.8x 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) $34,651
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 360
Wgt avg mkt cap (mns) $19,774
Large cap (>$10bn) 86.6%
Mid cap ($2-10bn) 12.9%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DIGITAL REALTY TRUST INC 0.9 %
DEXCOM INC 0.9 %
LULULEMON ATHLETICA INC 0.9 %
CENTENE CORP 0.8 %
DOCUSIGN, INC. 0.8 %
VEEVA SYSTEMS INC-CLASS A 0.7 %
SBA COMMUNICATIONS CORP. CLASS A 0.7 %
CHIPOTLE MEXICAN GRILL-CL A 0.7 %
COSTAR GROUP INC 0.7 %
IDEXX LABORATORIES INC 0.7 %
Total 7.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.4 %
BRITAIN 1.5 %
BERMUDA 1.0 %
IRELAND 0.9 %
CANADA 0.6 %
SWITZERLAND 0.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.2% 4.8% 8.1% 12.4% 9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.15 96%
MSCI EAFE 1.18 85%
MSCI Emg. Mkts. 0.84 71%

Technical Indicators
Recent close $178.00
30d moving avg. $171.96
Annualized volatility 20.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.3%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 641
Turnover 0.3%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $69,941

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™: 5.1%


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 64.6 4 0 5.3 +0.3
IWR iShares Russell Midcap ETF 57.5 19 -15 5.4 +0.3
JHMM John Hancock Multifactor Mid Cap ETF 57.3 42 -38 5.4 +0.4
VOT Vanguard Mid-Cap Growth Index Fund 55.5 7 -3 3.2 -1.9
IWS iShares Russell Mid-Cap Value ETF 52.9 24 -20 6.8 +1.7
SIZE iShares Edge MSCI USA Size Factor ETF 49.8 15 -11 6.0 +0.9
EUSA iShares MSCI USA Equal Weighted ETF 49.2 15 -11 5.9 +0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 47.3 9 -5 5.8 +0.7
VOE Vanguard Mid-Cap Value Index Fund 46.7 7 -3 7.5 +2.4
RSP Invesco S&P 500 Equal Weight ETF 46.3 20 -16 6.4 +1.3
SCIU Global X Scientific Beta US ETF 44.1 19 -15 5.6 +0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 43.6 29 -25 7.6 +2.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 42.2 24 -20 5.9 +0.8
FEX First Trust Large Cap Core AlphaDEX Fund 41.9 60 -56 5.8 +0.7
IWP iShares Russell Mid-Cap Growth ETF 40.4 24 -20 2.9 -2.2
TPLC Timothy Plan US Large Cap Core ETF 38.6 52 -48 5.1 +0.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 38.4 20 -16 6.7 +1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 38.0 20 -16 6.1 +1.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 38.0 17 -13 6.1 +1.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 38.0 35 -31 5.6 +0.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 38.0 35 -31 5.6 +0.5
FTC First Trust Large Cap Growth AlphaDEX Fund 35.1 61 -57 2.7 -2.4
RNLC Large Cap US Equity Select ETF 33.4 60 -56 5.9 +0.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 33.3 17 -13 6.2 +1.1
JKH iShares Morningstar Mid-Cap Growth ETF 32.9 30 -26 2.2 -2.9
JKG iShares Morningstar Mid-Cap ETF 32.7 25 -21 5.2 +0.1
RBUS Nationwide Risk-Based U.S. Equity ETF 32.1 30 -26 4.6 -0.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 31.0 29 -25 6.6 +1.5
EQAL Invesco Russell 1000 Equal Weight ETF 30.5 20 -16 5.4 +0.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 30.3 35 -31 5.2 +0.1
TUSA First Trust Total US Market AlphaDEX ETF 29.9 70 -66 5.6 +0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 29.1 18 -14 5.9 +0.8
ETHO Etho Climate Leadership U.S. ETF 28.8 47 -43 4.2 -0.9
JHML John Hancock Multifactor Large Cap ETF 28.5 29 -25 5.3 +0.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 28.3 20 -16 7.3 +2.2
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 27.8 30 -26 5.4 +0.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 27.5 66 -62 2.2 -2.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.4 30 -26 6.2 +1.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 26.6 15 -11 6.5 +1.4
JMOM JPMorgan U.S. Momentum Factor ETF 25.3 12 -8 3.6 -1.5
ACWF iShares FactorSelect MSCI Global ETF 25.0 35 -31 7.6 +2.5
MXDU Nationwide Maximum Diversification US Core Equity ETF 24.6 34 -30 4.7 -0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.5 9 -5 5.3 +0.2
BLES Inspire Global Hope Large Cap ETF 24.3 52 -48 6.4 +1.3
JKI iShares Morningstar Mid-Cap Value ETF 23.7 30 -26 8.6 +3.5
BFOR Barron's 400 ETF 23.0 65 -61 5.9 +0.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 22.5 65 -61 2.7 -2.4
PSET Principal Price Setters Index ETF 22.5 29 -25 4.5 -0.6
LRGF iShares Edge MSCI Multifactor USA ETF 22.4 20 -16 7.0 +1.9
USMF WisdomTree U.S. Multifactor Fund 21.8 28 -24 5.3 +0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 21.8 75 -71 3.9 -1.2
JMIN JPMorgan U.S. Minimum Volatility ETF 21.7 12 -8 5.3 +0.2
FTA First Trust Large Cap Value AlphaDEX Fund 21.5 60 -56 8.9 +3.8
RPG Invesco S&P 500 Pure Growth ETF 21.1 35 -31 4.3 -0.8
SCHM Schwab U.S. Mid-Cap ETF 21.0 4 0 5.9 +0.8
AFLG First Trust Active Factor Large Cap ETF 20.9 55 -51 5.3 +0.2
MAGA Point Bridge GOP Stock Tracker ETF 20.9 72 -68 6.1 +1.0
BIBL Inspire ETF 20.9 35 -31 4.7 -0.4
VONV Vanguard Russell 1000 Value Index Fund 20.1 8 -4 6.8 +1.7
IWD iShares Russell 1000 Value ETF 20.1 19 -15 6.7 +1.6
FAB First Trust Multi Cap Value AlphaDEX Fund 20.1 71 -67 9.4 +4.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 20.0 29 -25 9.0 +4.0
FLQL Franklin LibertyQ U.S. Equity ETF 20.0 15 -11 5.9 +0.8
ONEY SPDR Russell 1000 Yield Focus ETF 19.6 20 -16 8.8 +3.7
ROUS Hartford Multifactor US Equity ETF 19.3 19 -15 6.9 +1.8
EXT WisdomTree U.S. Total Earnings Fund 19.0 28 -24 5.0 -0.1
AVUS Avantis U.S. Equity ETF 18.8 15 -11 5.4 +0.3
SPYV SPDR Portfolio S&P 500 Value ETF 18.7 4 0 7.1 +2.0
IVE iShares S&P 500 Value ETF 18.7 18 -14 7.0 +1.9
VOOV Vanguard S&P 500 Value ETF 18.7 15 -11 7.0 +1.9
QUS SPDR MSCI USA StrategicFactors ETF 18.7 15 -11 5.6 +0.5
RNDV US Equity Dividend Select ETF 18.5 50 -46 7.8 +2.7
IYF iShares U.S. Financials ETF 18.4 42 -38 6.8 +1.7
NUMV Nuveen ESG Mid-Cap Value ETF 18.3 40 -36 7.3 +2.2
JVAL JPMorgan U.S. Value Factor ETF 18.2 12 -8 8.3 +3.2
USMV iShares Edge MSCI Min Vol USA ETF 18.0 15 -11 5.3 +0.2
IUSV iShares Core S&P U.S. Value ETF 17.9 4 0 7.2 +2.1
JDIV JPMorgan U.S. Dividend ETF 17.7 12 -8 7.5 +2.4
VEGN US Vegan Climate ETF 17.6 60 -56 5.0 -0.1
RWL Invesco S&P 500 Revenue ETF 17.5 39 -35 6.8 +1.7
CZA Invesco Zacks Mid-Cap ETF 17.2 76 -72 5.9 +0.8
SCHV Schwab U.S. Large-Cap Value ETF 17.2 4 0 6.9 +1.8
VXF Vanguard Extended Market Index Fund 17.1 7 -3 3.5 -1.6
HLAL Wahed FTSE USA Shariah ETF 17.0 50 -46 4.3 -0.8
PDP Invesco DWA Momentum ETF 17.0 62 -58 2.3 -2.8
VTV Vanguard Value Index Fund 17.0 4 0 7.1 +2.0
VLU SPDR S&P 1500 Value Tilt ETF 17.0 12 -8 7.0 +1.9
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 16.9 25 -21 7.4 +2.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 16.7 35 -31 4.3 -0.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 16.7 59 -55 4.0 -1.1
JHMT John Hancock Multifactor Technology ETF 16.6 40 -36 4.8 -0.3
SFY SoFi Select 500 ETF 16.5 0 4 5.0 -0.1
VV Vanguard Large-Cap Index Fund 16.5 4 0 5.0 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 16.4 12 -8 5.1 +0.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 16.4 29 -25 5.8 +0.7
REVS Columbia Research Enhanced Value ETF 16.4 19 -15 7.2 +2.1
CATH Global X S&P 500 Catholic Values Custom ETF 16.3 29 -25 5.0 -0.1
PBUS Invesco PureBeta MSCI USA ETF 16.3 4 0 5.0 -0.1
PVAL Principal Contrarian Value Index ETF 16.3 29 -25 9.3 +4.2
IUS Invesco Strategic US ETF 16.3 19 -15 6.2 +1.1

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 13.5 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.