Vanguard Mid-Cap Growth Index Fund
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
34.6x P/Sales
ratio
3.3x
P/BV
ratio
4.8x Div.
yield
0.9%


  • 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 24, 2006
Assets (mns) $7,273
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 160
Wgt avg mkt cap (mns) $20,663
Large cap (>$10bn) 91.1%
Mid cap ($2-10bn) 8.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CENTENE CORP 1.8 %
DEXCOM INC 1.8 %
SBA COMMUNICATIONS CORP. CLASS A 1.5 %
LULULEMON ATHLETICA INC 1.5 %
ADVANCED MICRO DEVICES 1.5 %
CHIPOTLE MEXICAN GRILL-CL A 1.4 %
SPLUNK INC 1.3 %
DIGITAL REALTY TRUST INC 1.3 %
KLA-TENCOR CORPORATION 1.3 %
MSCI INC-A 1.3 %
Total 14.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.1 %
BRITAIN 1.2 %
CANADA 1.1 %
IRELAND 0.3 %







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.
1.6% 15.5% 9.2% 13.2% 9.4%

Market Correlations
versus... Beta R-squared
S&P500 1.11 93%
MSCI EAFE 1.09 77%
MSCI Emg. Mkts. 0.80 63%

Technical Indicators
Recent close $160.96
30d moving avg. $147.91
Annualized volatility 19.5%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.7%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 206
Turnover 0.5%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $38,008

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™: 3.7%


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 62.3 30 -23 2.5 -1.2
VO Vanguard Mid-Cap Index Fund 55.6 4 3 5.7 +2.0
IWP iShares Russell Mid-Cap Growth ETF 50.5 24 -17 4.3 +0.6
FTC First Trust Large Cap Growth AlphaDEX Fund 33.8 61 -54 3.0 -0.7
IWR iShares Russell Midcap ETF 32.8 19 -12 5.9 +2.2
NUMG Nuveen ESG Mid-Cap Growth ETF 32.0 40 -33 3.2 -0.5
RPG Invesco S&P 500 Pure Growth ETF 30.0 35 -28 4.5 +0.9
JHMM John Hancock Multifactor Mid Cap ETF 29.8 44 -37 6.0 +2.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 27.9 30 -23 6.2 +2.6
SIZE iShares Edge MSCI USA Size Factor ETF 26.7 15 -8 6.2 +2.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 26.5 60 -53 4.3 +0.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 26.4 35 -28 4.5 +0.8
TPLC Timothy Plan US Large Cap Core ETF 26.3 52 -45 5.5 +1.9
JKG iShares Morningstar Mid-Cap ETF 26.1 25 -18 6.3 +2.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 25.9 29 -22 7.5 +3.8
EUSA iShares MSCI USA Equal Weighted ETF 25.6 15 -8 6.3 +2.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 24.1 9 -2 6.1 +2.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 23.6 75 -68 3.8 +0.1
ETHO Etho Climate Leadership U.S. ETF 23.5 47 -40 4.6 +0.9
PSET Principal Price Setters Index ETF 23.3 29 -22 4.7 +1.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 21.9 24 -17 6.2 +2.6
SCIU Global X Scientific Beta US ETF 21.8 19 -12 5.9 +2.2
RBUS Nationwide Risk-Based U.S. Equity ETF 21.3 30 -23 5.1 +1.4
RSP Invesco S&P 500 Equal Weight ETF 21.0 20 -13 7.2 +3.5
JHMT John Hancock Multifactor Technology ETF 20.6 40 -33 5.1 +1.5
FXL First Trust Technology AlphaDEX Fund 20.6 61 -54 3.4 -0.3
QGRO American Century STOXX U.S. Quality Growth ETF 20.5 29 -22 3.1 -0.5
FEX First Trust Large Cap Core AlphaDEX Fund 20.5 60 -53 6.4 +2.7
PDP Invesco DWA Momentum ETF 19.9 62 -55 2.8 -0.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.4 66 -59 2.7 -1.0
NULG Nuveen ESG Large-Cap Growth ETF 19.1 35 -28 3.4 -0.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 18.9 34 -27 5.4 +1.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 18.6 35 -28 6.0 +2.3
ONEO SPDR Russell 1000 Momentum Focus ETF 18.5 20 -13 6.8 +3.1
BOSS Global X Founder-Run Companies ETF 18.5 45 -38 4.0 +0.3
JMOM JPMorgan U.S. Momentum Factor ETF 18.2 12 -5 4.0 +0.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 18.2 65 -58 5.7 +2.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 18.0 17 -10 6.7 +3.0
RYT Invesco S&P 500 Equal Weight Technology ETF 17.9 40 -33 7.4 +3.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 17.8 35 -28 6.0 +2.3
LRGF iShares Edge MSCI Multifactor USA ETF 17.6 20 -13 7.1 +3.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 17.3 20 -13 7.2 +3.6
PEXL Pacer US Export Leaders ETF 17.2 60 -53 6.5 +2.9
DEF Invesco Defensive Equity ETF 16.3 55 -48 5.1 +1.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 16.3 60 -53 3.8 +0.1
IWS iShares Russell Mid-Cap Value ETF 16.2 24 -17 7.5 +3.8
RNLC Large Cap US Equity Select ETF 16.1 60 -53 6.5 +2.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 15.9 29 -22 6.9 +3.2
BFOR Barron's 400 ETF 15.8 66 -59 6.5 +2.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.7 17 -10 7.1 +3.4
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 15.6 25 -18 7.5 +3.8
VUG Vanguard Growth Index Fund 15.4 4 3 4.3 +0.6
DTEC ALPS Disruptive Technologies ETF 15.0 50 -43 3.7 -0.0
VIS Vanguard Industrials Index Fund 14.9 10 -3 6.2 +2.5
SCHM Schwab U.S. Mid-Cap ETF 14.7 4 3 6.6 +2.9
FIDU Fidelity MSCI Industrials Index ETF 14.6 8 -1 6.2 +2.5
USMF WisdomTree U.S. Multifactor Fund 14.3 28 -21 6.3 +2.6
JHMH John Hancock Multifactor Healthcare ETF 14.2 40 -33 5.8 +2.1
EQAL Invesco Russell 1000 Equal Weight ETF 14.1 20 -13 5.3 +1.7
VXF Vanguard Extended Market Index Fund 14.0 7 0 4.1 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 13.8 9 -2 5.7 +2.0
IYJ iShares U.S. Industrials ETF 13.3 42 -35 6.1 +2.4
JHML John Hancock Multifactor Large Cap ETF 13.3 34 -27 5.7 +2.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 13.3 57 -50 5.1 +1.4
BIBL Inspire ETF 13.2 35 -28 4.8 +1.1
LGLV SPDR Russell 1000 Low Volatility ETF 13.2 12 -5 5.7 +2.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 13.1 75 -68 2.2 -1.5
XLI Industrial Select Sector SPDR Fund 13.1 13 -6 6.2 +2.5
RYH Invesco S&P 500 Equal Weight Health Care ETF 13.0 40 -33 6.3 +2.7
TECB iShares US Tech Breakthrough Multisector ETF 13.0 40 -33 4.1 +0.4
RGI Invesco S&P 500 Equal Weight Industrials ETF 13.0 40 -33 6.2 +2.6
ACWF iShares FactorSelect MSCI Global ETF 13.0 35 -28 8.3 +4.6
MAGA Point Bridge GOP Stock Tracker ETF 12.9 72 -65 6.7 +3.0
LEAD Reality Shares DIVCON Leaders Dividend ETF 12.8 43 -36 4.4 +0.7
TUSA First Trust Total US Market AlphaDEX ETF 12.8 70 -63 6.5 +2.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 12.7 15 -8 4.7 +1.1
CLRG IQ Chaikin U.S. Large Cap ETF 12.6 25 -18 6.3 +2.6
DFND Reality Shares DIVCON Dividend Defender ETF 12.6 121 -114 3.7 -0.0
XITK SPDR FactSet Innovative Technology ETF 12.4 45 -38 0.5 -3.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 12.3 60 -53 6.2 +2.5
DSTL Distillate US Fundamental Stability & Value ETF 12.2 39 -32 6.6 +2.9
AIEQ AI Powered Equity ETF 12.2 87 -80 3.5 -0.2
XT iShares Exponential Technologies ETF 12.2 47 -40 5.4 +1.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 12.1 15 -8 6.9 +3.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 12.1 20 -13 7.9 +4.2
SCHG Schwab U.S. Large-Cap Growth ETF 12.1 4 3 4.4 +0.7
CZA Invesco Zacks Mid-Cap ETF 12.0 76 -69 6.4 +2.8
JHMI John Hancock Multifactor Industrials ETF 12.0 40 -33 6.3 +2.6
VGFO Virtus WMC Global Factor Opportunities ETF 11.9 49 -42 6.3 +2.6
FXH First Trust Health Care AlphaDEX Fund 11.9 62 -55 4.3 +0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 11.9 30 -23 6.9 +3.2
FLQL Franklin LibertyQ U.S. Equity ETF 11.9 15 -8 6.4 +2.7
SPLV Invesco S&P 500 Low Volatility ETF 11.8 25 -18 5.7 +2.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 11.8 49 -42 3.2 -0.5
FDMO Fidelity Momentum Factor ETF 11.6 29 -22 3.9 +0.2
BLES Inspire Global Hope Large Cap ETF 11.6 61 -54 6.8 +3.1
FVL First Trust Value Line 100 Exchange-Traded Fund 11.6 70 -63 4.0 +0.3
XSW SPDR S&P Software & Services ETF 11.4 35 -28 3.6 -0.1
IGV iShares North American Tech-Software ETF 11.4 46 -39 2.6 -1.1
ENTR Entrepreneur 30 Fund 11.4 49 -42 3.1 -0.6

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:

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 17.1 %
Divided by: Fwd. P/BV 4.6 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 3.7 %
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.