Vanguard Mid-Cap Growth Index Fund
ALTAR
Score™
2.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
47.7x P/Sales
ratio
4.4x
P/BV
ratio
6.4x Div.
yield
0.5%


  • 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) $9,372
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 158
Wgt avg mkt cap (mns) $22,550
Large cap (>$10bn) 93.4%
Mid cap ($2-10bn) 4.5%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SNAP, INC. CLASS A 1.6 %
TWILIO, INC. CLASS A 1.4 %
LULULEMON ATHLETICA INC 1.4 %
IDEXX LABORATORIES INC 1.4 %
DOCUSIGN, INC. 1.4 %
DIGITAL REALTY TRUST INC 1.3 %
AMPHENOL CORP-CL A 1.3 %
KLA-TENCOR CORPORATION 1.3 %
VEEVA SYSTEMS INC-CLASS A 1.3 %
CENTENE CORP 1.3 %
Total 13.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
BRITAIN 1.1 %
BERMUDA 1.0 %
CANADA 1.0 %







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.
13.2% 19.5% 12.6% 13.1% 9.9%

Market Correlations
versus... Beta R-squared
S&P500 1.06 90%
MSCI EAFE 1.07 76%
MSCI Emg. Mkts. 0.80 65%

Technical Indicators
Recent close $198.17
30d moving avg. $190.13
Annualized volatility 20.0%
Short interest (ETF) 0.2%
Short interest (Underlying) 5.7%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 133
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $31,697

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 2.9%


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 60.8 30 -23 1.9 -1.0
IWP iShares Russell Mid-Cap Growth ETF 56.5 24 -17 2.8 -0.0
VO Vanguard Mid-Cap Index Fund 52.6 4 3 4.8 +1.9
FTC First Trust Large Cap Growth AlphaDEX Fund 35.6 61 -54 2.4 -0.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 35.4 4 3 4.9 +2.0
IWR iShares Russell Midcap ETF 31.3 19 -12 5.0 +2.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 29.1 65 -58 2.5 -0.4
RPG Invesco S&P 500 Pure Growth ETF 26.6 35 -28 4.2 +1.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 26.2 30 -23 5.3 +2.4
TPLC Timothy Plan US Large Cap Core ETF 26.0 52 -45 4.7 +1.8
JHMM John Hancock Multifactor Mid Cap ETF 25.7 42 -35 5.1 +2.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 25.4 9 -2 5.5 +2.6
RBUS Nationwide Risk-Based U.S. Equity ETF 25.4 30 -23 4.7 +1.9
NUMG Nuveen ESG Mid-Cap Growth ETF 24.7 40 -33 2.0 -0.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 24.6 59 -52 4.1 +1.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 24.6 35 -28 4.3 +1.4
JKG iShares Morningstar Mid-Cap ETF 24.0 25 -18 4.9 +2.1
SIZE iShares MSCI USA Size Factor ETF 23.9 15 -8 5.5 +2.7
FEX First Trust Large Cap Core AlphaDEX Fund 23.6 60 -53 5.0 +2.1
PSET Principal Price Setters Index ETF 23.2 15 -8 4.7 +1.8
EUSA iShares MSCI USA Equal Weighted ETF 23.2 15 -8 5.6 +2.7
MXDU Nationwide Maximum Diversification US Core Equity ETF 23.0 34 -27 4.5 +1.6
JMOM JPMorgan U.S. Momentum Factor ETF 22.2 12 -5 3.3 +0.4
ETHO Etho Climate Leadership U.S. ETF 21.6 47 -40 4.0 +1.2
JHMT John Hancock Multifactor Technology ETF 21.6 40 -33 4.4 +1.6
FVL First Trust Value Line 100 Exchange-Traded Fund 21.2 70 -63 4.9 +2.0
BOSS Global X Founder-Run Companies ETF 20.9 45 -38 3.0 +0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 20.6 75 -68 4.0 +1.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 19.8 24 -17 5.6 +2.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.8 66 -59 2.0 -0.9
PDP Invesco DWA Momentum ETF 19.4 62 -55 2.0 -0.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 19.2 35 -28 5.4 +2.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 19.2 35 -28 5.4 +2.5
QGRO American Century STOXX U.S. Quality Growth ETF 18.9 29 -22 3.2 +0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 18.6 17 -10 6.0 +3.1
RSP Invesco S&P 500 Equal Weight ETF 18.4 20 -13 5.9 +3.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 18.4 60 -53 5.9 +3.0
ONEO SPDR Russell 1000 Momentum Focus ETF 18.1 20 -13 5.9 +3.0
FXL First Trust Technology AlphaDEX Fund 18.1 61 -54 3.7 +0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 17.9 35 -28 5.2 +2.3
BIBL Inspire ETF 17.6 35 -28 4.5 +1.6
STMB iShares Factors US Mid Blend Style ETF 17.4 30 -23 5.2 +2.3
NULG Nuveen ESG Large-Cap Growth ETF 16.8 35 -28 3.6 +0.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 16.7 29 -22 6.6 +3.7
RNLC Large Cap US Equity Select ETF 16.7 60 -53 5.6 +2.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.5 17 -10 6.3 +3.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 16.5 20 -13 7.1 +4.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 16.4 20 -13 6.4 +3.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 16.3 49 -42 4.7 +1.8
IWS iShares Russell Mid-Cap Value ETF 16.3 24 -17 6.3 +3.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 16.3 75 -68 2.4 -0.5
XITK SPDR FactSet Innovative Technology ETF 16.0 45 -38 0.5 -2.4
USMF WisdomTree U.S. Multifactor Fund 15.9 28 -21 5.6 +2.7
PEXL Pacer US Export Leaders ETF 15.7 60 -53 5.5 +2.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.6 9 -2 5.3 +2.4
AIEQ AI Powered Equity ETF 15.4 87 -80 2.0 -0.9
SLT Pacer Salt High TruBeta US Market ETF 15.4 60 -53 3.1 +0.2
VUG Vanguard Growth Index Fund 15.3 4 3 3.7 +0.9
ENTR Entrepreneur 30 Fund 15.3 49 -42 1.0 -1.9
DEF Invesco Defensive Equity ETF 15.2 55 -48 5.1 +2.2
RYT Invesco S&P 500 Equal Weight Technology ETF 15.2 40 -33 6.1 +3.3
LRGF iShares Edge MSCI Multifactor USA ETF 15.0 20 -13 6.8 +3.9
VXF Vanguard Extended Market Index Fund 14.8 6 1 2.9 +0.0
OGIG O'Shares Global Internet Giants ETF 14.7 48 -41 0.7 -2.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 14.7 30 -23 6.1 +3.3
TECB iShares US Tech Breakthrough Multisector ETF 14.7 40 -33 3.9 +1.0
JHMH John Hancock Multifactor Healthcare ETF 14.5 40 -33 6.1 +3.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 14.5 60 -53 3.5 +0.7
TUSA First Trust Total US Market AlphaDEX ETF 14.4 70 -63 5.4 +2.5
IGV iShares Expanded Tech-Software ETF 14.1 46 -39 2.2 -0.7
BFOR Barron's 400 ETF 13.9 65 -58 6.1 +3.2
MTUM iShares MSCI USA Momentum Factor ETF 13.9 15 -8 4.1 +1.2
DTEC ALPS Disruptive Technologies ETF 13.8 50 -43 2.9 +0.1
JHML John Hancock Multifactor Large Cap ETF 13.6 29 -22 5.1 +2.2
FIDU Fidelity MSCI Industrials Index ETF 13.5 8 -1 5.0 +2.1
VIS Vanguard Industrials Index Fund 13.4 10 -3 4.8 +1.9
BTEK BlackRock Future Tech ETF 13.4 88 -81 0.5 -2.4
FDN First Trust Dow Jones Internet Index Fund 13.2 52 -45 1.9 -1.0
XSW SPDR S&P Software & Services ETF 13.2 35 -28 4.2 +1.3
FPX First Trust US IPO Index Fund 13.0 58 -51 1.4 -1.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 13.0 29 -22 6.2 +3.3
ACWF iShares FactorSelect MSCI Global ETF 13.0 35 -28 7.5 +4.6
AFLG First Trust Active Factor Large Cap ETF 12.8 55 -48 4.9 +2.1
SPGP Invesco S&P 500 GARP ETF 12.8 34 -27 6.3 +3.4
FDMO Fidelity Momentum Factor ETF 12.8 29 -22 3.2 +0.3
PNQI Invesco NASDAQ Internet ETF 12.8 60 -53 1.2 -1.7
CLRG IQ Chaikin U.S. Large Cap ETF 12.8 25 -18 5.3 +2.4
FXH First Trust Health Care AlphaDEX Fund 12.7 62 -55 5.0 +2.1
ARKW ARK Web x.0 ETF 12.7 76 -69 -0.8 -3.7
BLES Inspire Global Hope Large Cap ETF 12.6 52 -45 5.9 +3.0
RYH Invesco S&P 500 Equal Weight Health Care ETF 12.6 40 -33 6.8 +3.9
LEAD Reality Shares DIVCON Leaders Dividend ETF 12.6 43 -36 4.3 +1.4
DFND Reality Shares DIVCON Dividend Defender ETF 12.6 144 -137 3.5 +0.6
MAGA Point Bridge GOP Stock Tracker ETF 12.5 72 -65 5.7 +2.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 12.5 15 -8 6.2 +3.4
QMOM Alpha Architect U.S. Quantitative Momentum ETF 12.5 49 -42 1.1 -1.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 12.4 25 -18 5.7 +2.8
SCHG Schwab U.S. Large-Cap Growth ETF 12.3 4 3 3.4 +0.5
IYJ iShares U.S. Industrials ETF 12.2 42 -35 5.0 +2.1

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 16.8 %
Divided by: Fwd. P/BV 5.7 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 2.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.