Vanguard Mid-Cap Value Index Fund
ALTAR
Score™
7.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.6x P/Sales
ratio
1.2x
P/BV
ratio
1.7x 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 24, 2006
Assets (mns) $8,989
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 195
Wgt avg mkt cap (mns) $15,308
Large cap (>$10bn) 69.2%
Mid cap ($2-10bn) 30.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEWMONT MINING CORP 2.7 %
WEC ENERGY GROUP INC 1.6 %
EVERSOURCE ENERGY 1.5 %
WILLIS TOWERS WATSON PUBLIC LIMITE 1.5 %
CLOROX COMPANY 1.5 %
MOTOROLA SOLUTIONS 1.3 %
AMERICAN WATER WORKS CO INC 1.3 %
FIRSTENERGY CORP 1.3 %
MARVELL TECHNOLOGY GROUP LTD 1.2 %
DTE ENERGY COMPANY 1.2 %
Total 15.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.1 %
BERMUDA 2.5 %
BRITAIN 2.5 %
IRELAND 1.6 %
SWITZERLAND 0.7 %






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.
-19.3% -5.8% 2.9% 9.6% 6.8%

Market Correlations
versus... Beta R-squared
S&P500 1.19 92%
MSCI EAFE 1.26 88%
MSCI Emg. Mkts. 0.93 73%

Technical Indicators
Recent close $101.12
30d moving avg. $91.40
Annualized volatility 21.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.9%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 678
Turnover 0.8%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $30,675

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™: 7.6%


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 51.9 30 -23 9.1 +1.5
VO Vanguard Mid-Cap Index Fund 45.8 4 3 5.4 -2.3
IWS iShares Russell Mid-Cap Value ETF 40.7 24 -17 6.9 -0.7
JKG iShares Morningstar Mid-Cap ETF 40.0 25 -18 5.9 -1.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 38.2 29 -22 7.0 -0.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 32.4 24 -17 5.9 -1.8
JHMM John Hancock Multifactor Mid Cap ETF 32.0 44 -37 5.6 -2.0
ONEY SPDR Russell 1000 Yield Focus ETF 30.9 20 -13 8.0 +0.4
RSP Invesco S&P 500 Equal Weight ETF 30.5 20 -13 6.6 -1.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 29.9 20 -13 6.8 -0.8
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 28.9 20 -13 7.5 -0.2
SCIU Global X Scientific Beta US ETF 28.7 19 -12 5.7 -2.0
FTA First Trust Large Cap Value AlphaDEX Fund 28.3 60 -53 8.6 +1.0
IWR iShares Russell Midcap ETF 27.1 19 -12 5.6 -2.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 26.3 17 -10 6.8 -0.9
TPHD Timothy Plan High Dividend Stock ETF 25.9 52 -45 7.0 -0.6
EUSA iShares MSCI USA Equal Weighted ETF 25.3 15 -8 6.0 -1.7
SIZE iShares Edge MSCI USA Size Factor ETF 24.9 15 -8 5.8 -1.8
RNLC Large Cap US Equity Select ETF 24.7 60 -53 6.0 -1.6
NUMV Nuveen ESG Mid-Cap Value ETF 24.6 40 -33 8.3 +0.7
FEX First Trust Large Cap Core AlphaDEX Fund 24.2 60 -53 5.9 -1.7
JDIV JPMorgan U.S. Dividend ETF 23.7 12 -5 7.7 +0.1
SPVM Invesco S&P 500 Value with Momentum ETF 23.4 39 -32 8.9 +1.3
LRGF iShares Edge MSCI Multifactor USA ETF 23.2 20 -13 6.9 -0.7
RNDV US Equity Dividend Select ETF 23.1 50 -43 7.4 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 23.1 71 -64 8.9 +1.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 23.0 9 -2 5.8 -1.8
ONEO SPDR Russell 1000 Momentum Focus ETF 22.9 20 -13 6.4 -1.3
MAGA Point Bridge GOP Stock Tracker ETF 22.8 72 -65 6.3 -1.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 22.8 17 -10 6.4 -1.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 22.8 19 -12 6.1 -1.5
TPLC Timothy Plan US Large Cap Core ETF 22.7 52 -45 5.3 -2.3
DON WisdomTree U.S. MidCap Dividend Fund 22.6 38 -31 7.4 -0.3
PVAL Principal Contrarian Value Index ETF 22.4 29 -22 7.2 -0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 22.0 35 -28 5.7 -1.9
RPV Invesco S&P 500 Pure Value ETF 21.7 35 -28 10.6 +3.0
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 21.4 30 -23 5.9 -1.8
ESGS Columbia Sustainable U.S. Equity Income ETF 21.3 35 -28 8.6 +1.0
JMIN JPMorgan U.S. Minimum Volatility ETF 20.7 12 -5 5.8 -1.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 20.6 35 -28 8.2 +0.5
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 20.0 25 -18 7.2 -0.4
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 19.7 35 -28 8.3 +0.6
SCHM Schwab U.S. Mid-Cap ETF 19.2 4 3 6.2 -1.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 19.1 29 -22 6.5 -1.2
DVY iShares Select Dividend ETF 19.0 39 -32 7.9 +0.2
FVD First Trust Value Line Dividend Index Fund 18.9 70 -63 6.1 -1.6
SPVU Invesco S&P 500 Enhanced Value ETF 18.7 13 -6 10.4 +2.8
EQAL Invesco Russell 1000 Equal Weight ETF 18.7 20 -13 4.9 -2.7
VLUE iShares Edge MSCI USA Value Factor ETF 18.1 15 -8 10.7 +3.1
RBUS Nationwide Risk-Based U.S. Equity ETF 18.1 30 -23 5.1 -2.6
AFLG First Trust Active Factor Large Cap ETF 18.0 55 -48 5.6 -2.1
SPYB SPDR S&P 500 Buyback ETF 17.9 35 -28 9.5 +1.9
DTN WisdomTree U.S. Dividend ex-Financials Fund 17.8 38 -31 7.7 +0.0
CZA Invesco Zacks Mid-Cap ETF 17.6 76 -69 5.9 -1.7
ROUS Hartford Multifactor US Equity ETF 17.4 19 -12 7.1 -0.6
USMF WisdomTree U.S. Multifactor Fund 17.3 28 -21 6.1 -1.6
QSY WisdomTree U.S. LargeCap Value Fund 17.3 38 -31 6.6 -1.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 17.2 34 -27 5.2 -2.4
VALQ American Century STOXX U.S. Quality Value ETF 17.1 29 -22 8.6 +1.0
VUSE Vident Core US Equity Fund 17.0 48 -41 7.5 -0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 17.0 35 -28 5.7 -1.9
JVAL JPMorgan U.S. Value Factor ETF 16.7 12 -5 8.5 +0.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 16.5 20 -13 9.1 +1.4
BLES Inspire Global Hope Large Cap ETF 16.3 61 -54 6.2 -1.4
SPHB Invesco S&P 500 High Beta ETF 16.2 25 -18 9.3 +1.7
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 16.2 49 -42 9.2 +1.5
TUSA First Trust Total US Market AlphaDEX ETF 16.1 70 -63 5.9 -1.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 16.0 65 -58 4.8 -2.8
AUSF Global X Adaptive U.S. Factor ETF 15.8 27 -20 7.8 +0.2
JHMF John Hancock Multifactor Financials ETF 15.8 40 -33 7.3 -0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 15.7 30 -23 6.6 -1.0
PMOM Principal Sustainable Momentum Index ETF 15.6 29 -22 8.6 +1.0
ACWF iShares FactorSelect MSCI Global ETF 15.4 35 -28 8.1 +0.5
VTV Vanguard Value Index Fund 15.1 4 3 7.1 -0.5
PY Principal Shareholder Yield Index ETF 15.0 29 -22 8.8 +1.2
LSLT Salt Low truBeta US Market ETF 14.8 0 7 7.1 -0.6
JHML John Hancock Multifactor Large Cap ETF 14.7 34 -27 5.5 -2.2
USMV iShares Edge MSCI Min Vol USA ETF 14.5 15 -8 5.7 -2.0
QDIV Global X S&P 500 Quality Dividend ETF 14.5 20 -13 8.1 +0.4
JHMU John Hancock Multifactor Utilities ETF 14.4 40 -33 5.9 -1.8
VPU Vanguard Utilities Index Fund 14.4 10 -3 5.6 -2.0
FUTY Fidelity MSCI Utilities Index ETF 14.3 8 -1 5.6 -2.0
USDY Pacific Global US Equity Income ETF 14.3 29 -22 7.5 -0.2
DSTL Distillate US Fundamental Stability & Value ETF 14.2 39 -32 6.4 -1.2
IDU iShares U.S. Utilities ETF 14.1 43 -36 5.4 -2.3
WLDR Affinity World Leaders Equity ETF 13.5 47 -40 9.5 +1.8
IWD iShares Russell 1000 Value ETF 13.5 19 -12 6.9 -0.8
RYU Invesco S&P 500 Equal Weight Utilities ETF 13.5 40 -33 6.1 -1.5
JXI iShares Global Utilities ETF 13.5 46 -39 5.8 -1.8
XLU Utilities Select Sector SPDR Fund 13.5 13 -6 5.7 -2.0
VONV Vanguard Russell 1000 Value Index Fund 13.4 8 -1 7.0 -0.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 13.3 15 -8 6.6 -1.0
PSET Principal Price Setters Index ETF 13.1 29 -22 4.6 -3.0
NULV Nuveen ESG Large-Cap Value ETF 13.0 35 -28 7.3 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 12.9 4 3 6.9 -0.7
QDF FlexShares Quality Dividend Index Fund 12.8 37 -30 6.8 -0.9
ETHO Etho Climate Leadership U.S. ETF 12.5 47 -40 4.3 -3.3
RYF Invesco S&P 500 Equal Weight Financials ETF 12.5 40 -33 9.2 +1.5
FXU First Trust Utilities AlphaDEX Fund 12.5 63 -56 6.1 -1.5

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 12.3 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.