Vanguard S&P 500 Growth ETF
ALTAR
Score™		 4.1% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 32.6x P/Sales
ratio		 5.0x
P/BV
ratio		 7.3x Div.
yield		 1.0%


  • 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 07, 2010
Assets (mns) $4,573
Currency USD
Expense ratio 10 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 283
Wgt avg mkt cap (mns) $678,291
Large cap (>$10bn) 99.4%
Mid cap ($2-10bn) 0.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 11.1 %
MICROSOFT CORP 9.3 %
AMAZON.COM INC 7.7 %
FACEBOOK 3.8 %
ALPHABET INC. CLASS A 3.0 %
ALPHABET INC. CLASS C 3.0 %
VISA INC-CLASS A SHARES 2.0 %
NVIDIA CORP 1.9 %
MASTERCARD INC-CLASS A 1.7 %
SALESFORCE.COM INC 1.4 %
Total 44.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 102.1 %
BRITAIN 0.9 %
IRELAND 0.9 %
SWITZERLAND 0.2 %







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.
16.9% 24.4% 15.4% 15.4% 15.9%

Market Correlations
versus... Beta R-squared
S&P500 1.00 96%
MSCI EAFE 0.98 77%
MSCI Emg. Mkts. 0.69 59%

Technical Indicators
Recent close $220.66
30d moving avg. $214.75
Annualized volatility 18.2%
Short interest (ETF) 0.4%
Short interest (Underlying) 2.2%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 123
Turnover 0.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $133,593

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard S&P 500 Growth ETF 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: 10 bp ALTAR Score™: 4.1%


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
(%)
SPYG SPDR Portfolio S&P 500 Growth ETF 99.8 4 6 4.2 +0.1
IVW iShares S&P 500 Growth ETF 99.8 18 -8 4.0 -0.1
IUSG iShares Core S&P US Growth ETF 94.2 4 6 4.2 +0.1
IWF iShares Russell 1000 Growth ETF 78.4 19 -9 3.6 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 78.3 12 -2 4.2 +0.1
VUG Vanguard Growth Index Fund 77.4 4 6 3.7 -0.4
VONG Vanguard Russell 1000 Growth Index Fund 76.5 8 2 3.7 -0.4
IWY iShares Russell Top 200 Growth ETF 74.9 20 -10 3.8 -0.3
ESGV Vanguard ESG U.S. Stock ETF 74.2 12 -2 4.7 +0.6
MGK Vanguard Mega Cap Growth ETF 73.7 7 3 3.8 -0.3
PBP Invesco S&P 500 BuyWrite ETF 72.7 49 -39 4.7 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 72.5 27 -17 4.6 +0.5
HSPX Global X S&P 500 Covered Call ETF 72.3 60 -50 4.6 +0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 72.2 20 -10 4.9 +0.8
SPXE ProShares S&P 500 Ex-Energy ETF 72.0 27 -17 4.9 +0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 72.0 60 -50 4.6 +0.5
SPY SPDR S&P 500 ETF Trust 71.7 9 1 4.9 +0.8
SPLG SPDR Portfolio Large Cap ETF 71.6 3 7 5.0 +0.9
IVV iShares Core S&P 500 ETF 71.6 3 7 5.0 +0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 71.0 60 -50 3.8 -0.3
VOO VANGUARD S&P 500 ETF 70.8 3 7 5.0 +0.9
IQSU IQ Candriam ESG US Equity ETF 70.6 9 1 4.7 +0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 70.2 0 10 4.8 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 70.0 27 -17 4.6 +0.5
MGC Vanguard Mega Cap Index Fund 69.7 7 3 4.8 +0.7
IWL iShares Russell Top 200 ETF 69.5 15 -5 4.6 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 69.1 4 6 3.4 -0.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 68.5 7 3 4.8 +0.7
EFIV SPDR S&P 500 ESG ETF 68.4 10 0 4.7 +0.6
SNPE Xtrackers S&P 500 ESG ETF 68.4 10 0 4.7 +0.6
PBUS Invesco PureBeta MSCI USA ETF 67.7 4 6 4.8 +0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 67.6 2 8 4.8 +0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 66.7 20 -10 4.6 +0.5
OEF iShares S&P 100 ETF 66.6 20 -10 4.5 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 66.6 3 7 5.1 +1.0
VV Vanguard Large-Cap Index Fund 66.4 4 6 4.8 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 65.8 49 -39 3.9 -0.2
SCHX Schwab U.S. Large-Cap ETF 65.6 3 7 4.8 +0.7
XLG Invesco S&P 500 Top 50 ETF 65.5 20 -10 4.3 +0.2
SCHK Schwab 1000 Index ETF 64.2 5 5 4.8 +0.7
IWB iShares Russell 1000 ETF 64.1 15 -5 4.7 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 64.1 29 -19 4.7 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 63.9 15 -5 4.7 +0.6
IYY iShares Dow Jones U.S. ETF 63.6 20 -10 4.6 +0.5
TMFC Motley Fool 100 Index ETF 62.5 50 -40 3.2 -0.9
IETC iShares Evolved U.S. Technology ETF 62.3 18 -8 3.6 -0.5
VTHR Vanguard Russell 3000 Index Fund 62.2 10 0 4.6 +0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 61.1 9 1 5.2 +1.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 60.8 21 -11 2.9 -1.2
SCHB Schwab U.S. Broad Market ETF 60.6 3 7 4.7 +0.6
IWV iShares Russell 3000 ETF 60.5 20 -10 4.5 +0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 60.2 3 7 4.7 +0.6
QQQM Invesco NASDAQ 100 ETF 60.2 15 -5 3.8 -0.3
QQQ Invesco QQQ Trust 60.2 20 -10 3.7 -0.4
NUSI Nationwide Risk-Managed Income ETF 60.2 68 -58 3.5 -0.6
QYLD Global X NASDAQ 100 Covered Call ETF 60.2 60 -50 3.3 -0.8
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 60.2 60 -50 3.3 -0.8
DSI iShares MSCI KLD 400 Social ETF 60.0 25 -15 4.7 +0.6
SFY SoFi Select 500 ETF 59.6 0 10 4.7 +0.6
VONE Vanguard Russell 1000 ETF 58.9 8 2 4.8 +0.7
VTI Vanguard Total Stock Market Index Fund 58.7 3 7 4.6 +0.6
IGM iShares Expanded Tech Sector ETF 57.5 46 -36 3.6 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 55.7 8 2 5.9 +1.8
JHML John Hancock Multifactor Large Cap ETF 55.5 29 -19 5.0 +0.9
ESG FlexShares STOXX US ESG Impact Index Fund 54.6 32 -22 4.7 +0.6
SPMO Invesco S&P 500 Momentum ETF 54.6 13 -3 4.0 -0.1
USXF iShares ESG Advanced MSCI USA ETF 54.6 10 0 4.6 +0.5
SPXT ProShares S&P 500 Ex-Technology ETF 54.5 27 -17 5.1 +1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 54.2 10 0 4.9 +0.8
SUSL iShares ESG MSCI USA Leaders ETF 54.2 10 0 4.9 +0.8
HIPR Direxion High Growth ETF 51.5 40 -30 4.4 +0.3
NACP Impact Shares NAACP Minority Empowerment ETF 51.1 75 -65 4.5 +0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 51.1 15 -5 5.8 +1.7
VEGN US Vegan Climate ETF 50.9 60 -50 4.7 +0.6
RECS Columbia Research Enhanced Core ETF 49.9 15 -5 5.2 +1.1
QUS SPDR MSCI USA StrategicFactors ETF 49.3 15 -5 5.4 +1.3
TOK iShares MSCI Kokusai ETF 49.3 25 -15 5.1 +1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 49.3 9 1 5.2 +1.1
AVUS Avantis U.S. Equity ETF 49.1 15 -5 5.1 +1.0
WOMN Impact Shares YWCA Women's Empowerment ETF 47.8 75 -65 3.8 -0.3
STLG iShares Factors US Growth Style ETF 47.7 25 -15 4.1 +0.0
KRMA Global X Conscious Companies ETF 47.6 43 -33 4.8 +0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.0 19 -9 5.5 +1.4
EXT WisdomTree U.S. Total Earnings Fund 46.9 28 -18 5.2 +1.1
SYG SPDR MFS Systematic Growth Equity ETF 46.5 60 -50 4.0 -0.1
FDMO Fidelity Momentum Factor ETF 45.6 29 -19 3.2 -0.9
URTH iShares MSCI World ETF 45.5 24 -14 5.2 +1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 45.2 29 -19 5.2 +1.1
IOO iShares Global 100 ETF 45.1 40 -30 4.4 +0.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 44.9 25 -15 5.6 +1.5
ADME Aptus Drawdown Managed Equity ETF 44.9 79 -69 3.4 -0.7
AFLG First Trust Active Factor Large Cap ETF 44.8 55 -45 4.9 +0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 44.8 30 -20 6.1 +2.0
IYW iShares U.S. Technology ETF 44.7 43 -33 3.7 -0.4
DIVB iShares U.S. Dividend & Buyback ETF 44.6 25 -15 6.1 +2.0
IUS Invesco Strategic US ETF 44.5 19 -9 5.7 +1.6
JQUA JPMorgan U.S. Quality Factor ETF 44.0 12 -2 5.1 +1.0
FQAL Fidelity Quality Factor ETF 43.4 29 -19 5.1 +1.0
ACIO Aptus Collared Income Opportunity ETF 43.3 79 -69 4.3 +0.2
GBGR Global Beta Momentum-Growth ETF 43.2 29 -19 5.1 +1.0

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 S&P 500 Growth ETF
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 26.2 %
Divided by: Fwd. P/BV 6.2 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 4.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.36 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.