Vanguard Mid-Cap Growth Index Fund
ALTAR
Score™
3.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
44.2x P/Sales
ratio
3.9x
P/BV
ratio
5.6x Div.
yield
0.7%


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

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Aug 17, 2006
Assets (mns) $8,268
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 169
Wgt avg mkt cap (mns) $22,636
Large cap (>$10bn) 92.7%
Mid cap ($2-10bn) 6.4%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DIGITAL REALTY TRUST INC 1.6 %
DEXCOM INC 1.6 %
LULULEMON ATHLETICA INC 1.5 %
CENTENE CORP 1.4 %
DOCUSIGN, INC. 1.4 %
VEEVA SYSTEMS INC-CLASS A 1.3 %
SBA COMMUNICATIONS CORP. CLASS A 1.3 %
CHIPOTLE MEXICAN GRILL-CL A 1.3 %
COSTAR GROUP INC 1.2 %
IDEXX LABORATORIES INC 1.2 %
Total 13.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.9 %
BRITAIN 1.2 %
CANADA 1.0 %
BERMUDA 0.5 %
IRELAND 0.1 %






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.
12.1% 17.8% 11.4% 14.3% 10.0%

Market Correlations
versus... Beta R-squared
S&P500 1.12 93%
MSCI EAFE 1.10 77%
MSCI Emg. Mkts. 0.79 64%

Technical Indicators
Recent close $179.45
30d moving avg. $174.12
Annualized volatility 19.9%
Short interest (ETF) 0.2%
Short interest (Underlying) 5.7%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 131
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $42,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard Mid-Cap Growth Index Fund ETF based on the alternatives' overlap in portfolio holdings with VOT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VOT Expense: 7 bp ALTAR Score™: 3.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VOT
Ticker Fund
Name
Overlap1
vs VOT
(%)
Expense
ratio
(bp)
Savings
vs VOT
(bp)
ALTAR
Score™
(%)
ALTAR
vs VOT
(%)
JKH iShares Morningstar Mid-Cap Growth ETF 57.3 30 -23 2.2 -1.0
VO Vanguard Mid-Cap Index Fund 55.5 4 3 5.1 +1.9
IWP iShares Russell Mid-Cap Growth ETF 53.6 24 -17 2.9 -0.3
FTC First Trust Large Cap Growth AlphaDEX Fund 41.8 61 -54 2.7 -0.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 36.5 4 3 5.3 +2.2
IWR iShares Russell Midcap ETF 31.5 19 -12 5.4 +2.3
JHMM John Hancock Multifactor Mid Cap ETF 30.4 42 -35 5.4 +2.3
RPG Invesco S&P 500 Pure Growth ETF 27.1 35 -28 4.3 +1.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 27.0 30 -23 5.4 +2.3
NUMG Nuveen ESG Mid-Cap Growth ETF 26.0 40 -33 2.2 -0.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 25.8 65 -58 2.7 -0.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 25.7 59 -52 4.0 +0.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 25.7 35 -28 4.3 +1.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 25.1 66 -59 2.2 -0.9
JKG iShares Morningstar Mid-Cap ETF 25.1 25 -18 5.2 +2.0
TPLC Timothy Plan US Large Cap Core ETF 25.1 52 -45 5.1 +2.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 24.7 9 -2 5.8 +2.7
SIZE iShares Edge MSCI USA Size Factor ETF 24.6 15 -8 6.0 +2.8
EUSA iShares MSCI USA Equal Weighted ETF 24.4 15 -8 5.9 +2.8
FEX First Trust Large Cap Core AlphaDEX Fund 24.1 60 -53 5.8 +2.6
RBUS Nationwide Risk-Based U.S. Equity ETF 24.0 30 -23 4.6 +1.4
PDP Invesco DWA Momentum ETF 23.9 62 -55 2.3 -0.9
SCIU Global X Scientific Beta US ETF 23.2 19 -12 5.6 +2.4
PSET Principal Price Setters Index ETF 23.1 29 -22 4.5 +1.4
ETHO Etho Climate Leadership U.S. ETF 22.6 47 -40 4.2 +1.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 21.2 34 -27 4.7 +1.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 20.8 24 -17 5.9 +2.7
JHMT John Hancock Multifactor Technology ETF 20.7 40 -33 4.8 +1.7
RSP Invesco S&P 500 Equal Weight ETF 20.4 20 -13 6.4 +3.2
FXL First Trust Technology AlphaDEX Fund 20.2 61 -54 3.3 +0.2
JMOM JPMorgan U.S. Momentum Factor ETF 20.1 12 -5 3.6 +0.4
QGRO American Century STOXX U.S. Quality Growth ETF 19.6 29 -22 3.1 -0.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 19.4 17 -10 6.2 +3.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 19.3 17 -10 6.1 +2.9
BOSS Global X Founder-Run Companies ETF 19.3 45 -38 3.5 +0.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 19.1 29 -22 7.6 +4.4
ONEO SPDR Russell 1000 Momentum Focus ETF 18.8 20 -13 6.1 +3.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 18.8 35 -28 5.6 +2.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 18.8 35 -28 5.6 +2.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 18.5 35 -28 5.2 +2.1
IWS iShares Russell Mid-Cap Value ETF 18.0 24 -17 6.8 +3.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 17.8 20 -13 6.7 +3.5
USMF WisdomTree U.S. Multifactor Fund 17.6 28 -21 5.3 +2.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 17.5 75 -68 3.9 +0.8
FVL First Trust Value Line 100 Exchange-Traded Fund 17.3 70 -63 4.5 +1.4
BIBL Inspire ETF 17.3 35 -28 4.7 +1.6
RNLC Large Cap US Equity Select ETF 16.7 60 -53 5.9 +2.8
BFOR Barron's 400 ETF 16.5 65 -58 5.9 +2.8
LRGF iShares Edge MSCI Multifactor USA ETF 15.9 20 -13 7.0 +3.9
SCHM Schwab U.S. Mid-Cap ETF 15.5 4 3 5.9 +2.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 15.5 60 -53 3.5 +0.4
TUSA First Trust Total US Market AlphaDEX ETF 15.5 70 -63 5.6 +2.5
RYT Invesco S&P 500 Equal Weight Technology ETF 15.4 40 -33 6.5 +3.4
VUG Vanguard Growth Index Fund 15.3 4 3 3.8 +0.6
ENTR Entrepreneur 30 Fund 15.2 49 -42 1.6 -1.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 15.0 20 -13 7.3 +4.1
AIEQ AI Powered Equity ETF 14.9 87 -80 2.9 -0.2
JHMH John Hancock Multifactor Healthcare ETF 14.9 40 -33 5.9 +2.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.6 9 -2 5.3 +2.2
DTEC ALPS Disruptive Technologies ETF 14.5 50 -43 3.3 +0.1
NULG Nuveen ESG Large-Cap Growth ETF 14.5 35 -28 3.5 +0.3
TECB iShares US Tech Breakthrough Multisector ETF 14.4 40 -33 4.0 +0.8
FIDU Fidelity MSCI Industrials Index ETF 14.3 8 -1 5.4 +2.2
XITK SPDR FactSet Innovative Technology ETF 14.3 45 -38 0.3 -2.8
VIS Vanguard Industrials Index Fund 14.0 10 -3 5.3 +2.1
LSAF LeaderShares AlphaFactor US Core Equity ETF 13.9 75 -68 5.6 +2.5
VXF Vanguard Extended Market Index Fund 13.9 7 0 3.5 +0.3
EQAL Invesco Russell 1000 Equal Weight ETF 13.7 20 -13 5.4 +2.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 13.7 29 -22 6.6 +3.4
DEF Invesco Defensive Equity ETF 13.7 55 -48 4.9 +1.8
BLES Inspire Global Hope Large Cap ETF 13.6 52 -45 6.4 +3.3
MAGA Point Bridge GOP Stock Tracker ETF 13.6 72 -65 6.1 +3.0
JHML John Hancock Multifactor Large Cap ETF 13.6 29 -22 5.3 +2.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 13.5 75 -68 1.2 -2.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 13.5 15 -8 4.1 +0.9
XSW SPDR S&P Software & Services ETF 13.4 35 -28 3.9 +0.7
IYJ iShares U.S. Industrials ETF 13.4 42 -35 5.4 +2.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 13.4 15 -8 6.5 +3.4
ACWF iShares FactorSelect MSCI Global ETF 13.4 35 -28 7.6 +4.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 13.1 60 -53 6.0 +2.8
IGV iShares North American Tech-Software ETF 12.9 46 -39 2.5 -0.7
FXH First Trust Health Care AlphaDEX Fund 12.8 62 -55 3.9 +0.7
SPGP Invesco S&P 500 GARP ETF 12.8 35 -28 6.7 +3.6
RYH Invesco S&P 500 Equal Weight Health Care ETF 12.7 40 -33 6.3 +3.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 12.6 30 -23 6.2 +3.1
PEXL Pacer US Export Leaders ETF 12.4 60 -53 5.5 +2.4
XLI Industrial Select Sector SPDR Fund 12.4 13 -6 5.3 +2.1
RGI Invesco S&P 500 Equal Weight Industrials ETF 12.4 40 -33 4.9 +1.8
LGLV SPDR Russell 1000 Low Volatility ETF 12.4 12 -5 5.4 +2.3
FLQL Franklin LibertyQ U.S. Equity ETF 12.3 15 -8 5.9 +2.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 12.2 57 -50 4.8 +1.7
LEAD Reality Shares DIVCON Leaders Dividend ETF 12.2 43 -36 4.2 +1.0
DFND Reality Shares DIVCON Dividend Defender ETF 12.2 144 -137 3.3 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 12.2 4 3 3.9 +0.8
CLRG IQ Chaikin U.S. Large Cap ETF 12.1 25 -18 5.8 +2.6
PWB Invesco Dynamic Large Cap Growth ETF 11.9 55 -48 3.3 +0.1
XT iShares Exponential Technologies ETF 11.9 47 -40 4.9 +1.7
FDMO Fidelity Momentum Factor ETF 11.8 29 -22 3.7 +0.5
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 11.8 25 -18 7.4 +4.2
JHMI John Hancock Multifactor Industrials ETF 11.8 40 -33 5.4 +2.2

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 Growth Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.7 %
Divided by: Fwd. P/BV 5.2 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.