Vanguard Mid-Cap Value Index Fund
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.0x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Mid-Cap Value Index Fund seeks to track the performance of the Morgan Stanley Capital International US Mid Cap Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Aug 17, 2006
Assets (mns) $9,399
Currency USD
Expense ratio 7 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 213
Wgt avg mkt cap (mns) $15,980
Large cap (>$10bn) 79.2%
Mid cap ($2-10bn) 20.6%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EVERSOURCE ENERGY 1.4 %
CLOROX COMPANY 1.4 %
WEC ENERGY GROUP INC 1.4 %
NEWMONT MINING CORP 1.3 %
AMERICAN WATER WORKS CO INC 1.3 %
WILLIS TOWERS WATSON PUBLIC LIMITE 1.2 %
CARRIER GLOBAL CORP. 1.2 %
MOTOROLA SOLUTIONS 1.1 %
BEST BUY CO INC 1.1 %
DR HORTON INC 1.1 %
Total 12.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.0 %
BRITAIN 1.9 %
IRELAND 1.9 %
BERMUDA 1.7 %
SWITZERLAND 0.7 %






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.
-14.0% -7.8% 4.5% 10.3% 7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.19 92%
MSCI EAFE 1.26 88%
MSCI Emg. Mkts. 0.89 72%

Technical Indicators
Recent close $104.50
30d moving avg. $98.92
Annualized volatility 21.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.9%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 430
Turnover 0.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $30,012

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Vanguard Mid-Cap Value Index Fund ETF based on the alternatives' overlap in portfolio holdings with VOE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VOE Expense: 7 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VOE
Ticker Fund
Name
Overlap1
vs VOE
(%)
Expense
ratio
(bp)
Savings
vs VOE
(bp)
ALTAR
Score™
(%)
ALTAR
vs VOE
(%)
JKI iShares Morningstar Mid-Cap Value ETF 49.4 30 -23 8.6 +1.1
VO Vanguard Mid-Cap Index Fund 46.7 4 3 5.1 -2.4
IWS iShares Russell Mid-Cap Value ETF 42.4 24 -17 6.8 -0.6
JKG iShares Morningstar Mid-Cap ETF 39.7 25 -18 5.2 -2.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 37.5 29 -22 7.5 +0.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 36.0 29 -22 9.0 +1.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 34.2 4 3 5.4 -2.1
FTA First Trust Large Cap Value AlphaDEX Fund 33.4 60 -53 8.8 +1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 33.3 20 -13 6.7 -0.8
ONEY SPDR Russell 1000 Yield Focus ETF 33.3 20 -13 8.7 +1.2
JHMM John Hancock Multifactor Mid Cap ETF 32.9 42 -35 5.5 -2.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 31.8 24 -17 5.8 -1.6
RSP Invesco S&P 500 Equal Weight ETF 31.4 20 -13 6.3 -1.1
IWR iShares Russell Midcap ETF 30.3 19 -12 5.4 -2.0
SIZE iShares Edge MSCI USA Size Factor ETF 30.0 15 -8 6.0 -1.4
EUSA iShares MSCI USA Equal Weighted ETF 29.4 15 -8 6.0 -1.5
FEX First Trust Large Cap Core AlphaDEX Fund 27.6 60 -53 5.8 -1.7
CZA Invesco Zacks Mid-Cap ETF 26.6 76 -69 5.8 -1.6
SCIU Global X Scientific Beta US ETF 26.6 19 -12 5.6 -1.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 26.3 9 -2 5.8 -1.6
RNLC Large Cap US Equity Select ETF 26.2 60 -53 6.0 -1.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 26.1 20 -13 7.3 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 25.8 71 -64 9.3 +1.8
JDIV JPMorgan U.S. Dividend ETF 25.5 12 -5 7.5 +0.0
PVAL Principal Contrarian Value Index ETF 24.5 29 -22 9.3 +1.9
NUMV Nuveen ESG Mid-Cap Value ETF 24.4 40 -33 7.2 -0.2
ONEO SPDR Russell 1000 Momentum Focus ETF 24.4 20 -13 6.2 -1.3
TPHD Timothy Plan High Dividend Stock ETF 24.3 52 -45 7.1 -0.3
LRGF iShares Edge MSCI Multifactor USA ETF 24.2 20 -13 7.0 -0.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 24.1 17 -10 6.1 -1.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 24.1 18 -11 5.9 -1.5
MAGA Point Bridge GOP Stock Tracker ETF 24.0 72 -65 6.1 -1.4
SPVM Invesco S&P 500 Value with Momentum ETF 23.8 39 -32 8.6 +1.1
RNDV US Equity Dividend Select ETF 23.8 50 -43 7.7 +0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 23.8 17 -10 6.3 -1.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 23.5 35 -28 5.6 -1.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 23.5 35 -28 5.6 -1.9
TPLC Timothy Plan US Large Cap Core ETF 23.1 52 -45 5.2 -2.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 22.9 30 -23 5.4 -2.0
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 22.5 25 -18 7.4 -0.0
VLUE iShares Edge MSCI USA Value Factor ETF 21.5 15 -8 11.1 +3.6
RPV Invesco S&P 500 Pure Value ETF 21.1 35 -28 10.4 +2.9
EQAL Invesco Russell 1000 Equal Weight ETF 20.7 20 -13 5.4 -2.1
JMIN JPMorgan U.S. Minimum Volatility ETF 20.7 12 -5 5.3 -2.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 20.6 29 -22 6.6 -0.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 19.7 35 -28 8.2 +0.7
SPHB Invesco S&P 500 High Beta ETF 19.6 25 -18 8.7 +1.3
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 19.5 35 -28 8.2 +0.8
ESGS Columbia Sustainable U.S. Equity Income ETF 19.2 35 -28 8.1 +0.6
DON WisdomTree U.S. MidCap Dividend Fund 19.2 38 -31 7.3 -0.2
SPVU Invesco S&P 500 Enhanced Value ETF 18.6 13 -6 11.0 +3.5
TUSA First Trust Total US Market AlphaDEX ETF 18.3 70 -63 5.6 -1.8
DVY iShares Select Dividend ETF 18.3 39 -32 9.1 +1.7
JVAL JPMorgan U.S. Value Factor ETF 18.2 12 -5 8.3 +0.9
QSY WisdomTree U.S. LargeCap Value Fund 18.2 38 -31 6.5 -1.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 18.1 38 -31 7.6 +0.1
SCHM Schwab U.S. Mid-Cap ETF 17.9 4 3 5.9 -1.5
ROUS Hartford Multifactor US Equity ETF 17.9 19 -12 6.9 -0.5
VALQ American Century STOXX U.S. Quality Value ETF 17.8 29 -22 8.3 +0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 17.3 35 -28 5.2 -2.3
RBUS Nationwide Risk-Based U.S. Equity ETF 17.0 30 -23 4.6 -2.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 16.9 30 -23 6.2 -1.2
AFLG First Trust Active Factor Large Cap ETF 16.9 55 -48 5.3 -2.2
VTV Vanguard Value Index Fund 16.8 4 3 7.1 -0.3
JHMF John Hancock Multifactor Financials ETF 16.7 40 -33 7.4 0.0
BLES Inspire Global Hope Large Cap ETF 16.6 52 -45 6.4 -1.0
PMOM Principal Sustainable Momentum Index ETF 16.3 29 -22 8.3 +0.9
JHML John Hancock Multifactor Large Cap ETF 16.3 29 -22 5.3 -2.1
AUSF Global X Adaptive U.S. Factor ETF 16.0 27 -20 7.5 +0.1
VUSE Vident Core US Equity Fund 15.9 48 -41 8.4 +1.0
PY Principal Shareholder Yield Index ETF 15.3 29 -22 8.8 +1.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 15.3 15 -8 6.5 -0.9
SLT Salt TruBeta High Exposure ETF 15.2 29 -22 8.6 +1.1
FVD First Trust Value Line Dividend Index Fund 15.2 70 -63 6.1 -1.4
SCHV Schwab U.S. Large-Cap Value ETF 15.0 4 3 6.9 -0.5
RWL Invesco S&P 500 Revenue ETF 15.0 39 -32 6.8 -0.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 14.8 34 -27 4.7 -2.8
VONV Vanguard Russell 1000 Value Index Fund 14.7 8 -1 6.8 -0.7
IWD iShares Russell 1000 Value ETF 14.7 19 -12 6.7 -0.8
SPYD SPDR S&P 500 High Dividend ETF 14.6 7 0 10.7 +3.3
VLU SPDR S&P 1500 Value Tilt ETF 14.5 12 -5 7.0 -0.4
IVE iShares S&P 500 Value ETF 14.5 18 -11 7.0 -0.5
SPYV SPDR Portfolio S&P 500 Value ETF 14.5 4 3 7.1 -0.3
REVS Columbia Research Enhanced Value ETF 14.5 19 -12 7.1 -0.3
VOOV Vanguard S&P 500 Value ETF 14.5 15 -8 7.0 -0.4
IEFN iShares Evolved U.S. Financials ETF 14.3 18 -11 8.9 +1.5
USMF WisdomTree U.S. Multifactor Fund 14.3 28 -21 5.3 -2.2
WLDR Affinity World Leaders Equity ETF 14.2 47 -40 9.3 +1.8
FXD First Trust Consumer Discretionary AlphaDEX Fund 14.1 64 -57 5.7 -1.8
ACWF iShares FactorSelect MSCI Global ETF 14.0 35 -28 7.7 +0.2
IUSV iShares Core S&P U.S. Value ETF 13.9 4 3 7.2 -0.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 13.6 20 -13 8.9 +1.4
STLV iShares Factors US Value Style ETF 13.5 25 -18 6.8 -0.7
SCHD Schwab U.S. Dividend Equity ETF 13.5 6 1 7.7 +0.3
USMV iShares Edge MSCI Min Vol USA ETF 13.4 15 -8 5.3 -2.1
IUS Invesco Strategic US ETF 13.3 19 -12 6.3 -1.2
DEF Invesco Defensive Equity ETF 13.3 55 -48 4.9 -2.5
KRMA Global X Conscious Companies ETF 13.2 43 -36 5.0 -2.5
PSET Principal Price Setters Index ETF 13.0 29 -22 4.6 -2.9

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 Value Index Fund
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 12.6 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.