Vanguard S&P 500 Growth
ALTAR
Score™
5.0% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
23.4x P/Sales
ratio
3.7x
P/BV
ratio
5.2x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard S&P 500 Growth ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the S&P 500 Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Sep 09, 2010
Assets (mns) $2,990
Currency USD
Expense ratio 15 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 298
Wgt avg mkt cap (mns) $327,213
Large cap (>$10bn) 99.0%
Mid cap ($2-10bn) 1.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 8.3 %
AMAZON.COM INC 5.3 %
FACEBOOK 3.5 %
ALPHABET INC. CLASS C 2.9 %
ALPHABET INC. CLASS A 2.8 %
VISA INC-CLASS A SHARES 2.3 %
MASTERCARD INC-CLASS A 1.8 %
VERIZON COMMUNICATIONS INC 1.8 %
MERCK & CO. INC. 1.6 %
JOHNSON & JOHNSON 1.6 %
Total 31.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 2.1 %
BRITAIN 1.0 %
SWITZERLAND 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
27.3% 16.5% 12.5% -- 15.2%

Market Correlations
versus... Beta R-squared
S&P500 0.98 93%
MSCI EAFE 0.87 62%
MSCI Emg. Mkts. 0.62 50%

Technical Indicators
Recent close $168.67
30d moving avg. $166.80
Annualized volatility 12.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.2%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 59
Turnover 0.3%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $96,692

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Vanguard S&P 500 Growth ETF based on the alternatives' overlap in portfolio holdings with VOOG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VOOG Expense: 15 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VOOG
Ticker Fund
Name
Overlap1
vs VOOG
(%)
Expense
ratio
(bp)
Savings
vs VOOG
(bp)
ALTAR
Score™
(%)
ALTAR
vs VOOG
(%)
IVW iShares S&P 500 Growth 99.6 18 -3 4.9 -0.1
SPYG SPDR Portfolio S&P 500 Growth 99.3 4 11 5.1 +0.1
IUSG iShares Core U.S. Growth 93.3 4 11 5.1 +0.1
IWF iShares Russell 1000 Growth 67.6 19 -4 5.0 +0.0
VONG Vanguard Russell 1000 Growth 67.5 12 3 5.1 +0.1
SPXN ProShares S&P 500 Ex-Financials 67.3 27 -12 5.9 +0.9
PBP Invesco S&P 500 Buy/Write 66.7 49 -34 5.5 +0.5
VOO Vanguard S&P 500 ETF 66.2 3 12 6.0 +1.0
IVV iShares Core S&P 500 66.2 4 11 5.9 +1.0
SPXE ProShares S&P 500 Ex-Energy 66.2 27 -12 5.9 +0.9
HSPX Global X S&P 500 Covered Call 66.2 65 -50 5.3 +0.4
SPY S&P 500 SPDR 66.0 9 6 5.9 +0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 65.9 20 -5 5.9 +1.0
VUG Vanguard Growth ETF 65.8 4 11 4.9 -0.1
OMOM Invesco Russell 1000 Momentum Factor ETF 65.0 19 -4 5.3 +0.3
SFY SoFi Select 500 65.0 0 15 5.6 +0.6
VV Vanguard Large-Cap ETF 64.0 4 11 5.8 +0.9
MGC Vanguard Mega Cap 300 ETF 63.8 7 8 5.8 +0.9
BBUS JP Morgan Betabuilders U.S. Equity 63.2 2 13 5.9 +0.9
IWL iShares Russell Top 200 63.1 15 0 5.7 +0.7

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Vanguard S&P 500 Growth
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.8 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.56
 
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.