Vanguard Telecommunication Services Index Fund
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
33.7x P/Sales
ratio
2.7x
P/BV
ratio
3.2x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Communication Services ETF seeks to track the performance of the MSCI US Investable Market Communication Services 25/50 Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Sep 23, 2004
Assets (mns) $2,524
Currency USD
Expense ratio 10 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 113
Wgt avg mkt cap (mns) $385,032
Large cap (>$10bn) 87.9%
Mid cap ($2-10bn) 8.6%
Small cap (<$2bn) 3.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FACEBOOK 17.1 %
ALPHABET INC. CLASS C 11.4 %
ALPHABET INC. CLASS A 11.1 %
VERIZON COMMUNICATIONS INC 5.2 %
NETFLIX INC 4.6 %
COMCAST CORP-CL A 4.2 %
AT&T INC 4.2 %
WALT DISNEY CO/THE 4.2 %
CHARTER COMMUNICATIONS, INC. CLASS 3.1 %
T-MOBILE US, INC. 2.3 %
Total 67.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
BRITAIN 0.9 %
CANADA 0.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.5% 8.5% 4.3% 9.0% 7.0%

Market Correlations
versus... Beta R-squared
S&P500 0.95 82%
MSCI EAFE 0.95 71%
MSCI Emg. Mkts. 0.67 56%

Technical Indicators
Recent close $97.37
30d moving avg. $94.79
Annualized volatility 17.9%
Short interest (ETF) 0.6%
Short interest (Underlying) 4.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 221
Turnover 0.9%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $32,584

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VOX Expense: 10 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VOX
Ticker Fund
Name
Overlap1
vs VOX
(%)
Expense
ratio
(bp)
Savings
vs VOX
(bp)
ALTAR
Score™
(%)
ALTAR
vs VOX
(%)
FCOM Fidelity MSCI Telecommunication Services Index ETF 95.3 8 2 4.9 +0.1
XLC The Communication Services Select Sector SPDR Fund 77.9 13 -3 5.7 +0.9
IXP iShares Global Comm Services ETF 66.4 46 -36 5.6 +0.8
JHCS John Hancock Multifactor Media & Communications ETF 61.9 40 -30 5.5 +0.7
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 48.1 40 -30 7.6 +2.8
IEME iShares Evolved U.S. Media & Entertainment ETF 38.1 18 -8 7.4 +2.6
JOYY Infusive Compounding Global Equities ETF 35.1 50 -40 3.7 -1.1
PBS Invesco Dynamic Media ETF 24.1 63 -53 5.2 +0.4
ENTR Entrepreneur 30 Fund 23.4 49 -39 2.4 -2.4
FDN First Trust Dow Jones Internet Index Fund 22.8 52 -42 2.1 -2.7
PNQI Invesco NASDAQ Internet ETF 22.1 62 -52 1.0 -3.8
IYC iShares U.S. Consumer Services ETF 21.7 42 -32 4.1 -0.7
QYLD Global X NASDAQ 100 Covered Call ETF 20.5 60 -50 3.5 -1.3
NUSI Nationwide Risk-Managed Income ETF 20.3 68 -58 3.4 -1.4
MILN Global X Millennials Thematic ETF 20.1 50 -40 2.4 -2.4
VEGN US Vegan Climate ETF 19.7 60 -50 5.2 +0.4
QQQ Invesco QQQ Trust 19.1 20 -10 3.7 -1.1
SOCL Global X Social Media ETF 19.1 65 -55 1.8 -3.0
IGM iShares Expanded Tech Sector ETF 18.4 46 -36 3.7 -1.1
FMK First Trust Mega Cap AlphaDEX Fund 18.3 70 -60 5.2 +0.4
TTTN UP Fintech China-U.S. Internet Titans ETF 18.2 59 -49 3.9 -0.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 17.8 12 -2 4.8 -0.0
XLG Invesco S&P 500 Top 50 ETF 17.3 20 -10 4.4 -0.4
GVIP Goldman Sachs Hedge Industry VIP ETF 17.3 45 -35 4.6 -0.2
DUSA Davis Select U.S. Equity ETF 16.5 63 -53 5.7 +0.9
TMFC Motley Fool 100 Index ETF 16.3 50 -40 3.6 -1.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 16.2 21 -11 2.9 -2.0
GENY Principal Millennials Index ETF 16.2 45 -35 3.7 -1.1
HIPR Direxion High Growth ETF 16.0 40 -30 2.8 -2.0
IETC iShares Evolved U.S. Technology ETF 16.0 18 -8 3.7 -1.1
MGK Vanguard Mega Cap Growth ETF 15.8 7 3 4.0 -0.8
OGIG O'Shares Global Internet Giants ETF 15.8 48 -38 0.6 -4.2
IYZ iShares U.S. Telecommunications ETF 15.5 42 -32 7.5 +2.7
SPXT ProShares S&P 500 Ex-Technology ETF 15.4 27 -17 5.7 +0.9
OEF iShares S&P 100 ETF 14.9 20 -10 4.8 -0.1
GBUY Goldman Sachs Motif New Age Consumer ETF 14.4 50 -40 1.8 -3.0
SFYF SoFi 50 ETF 14.3 29 -19 5.1 +0.3
JKE iShares Morningstar Large-Cap Growth ETF 14.2 25 -15 2.8 -2.0
VUG Vanguard Growth Index Fund 14.0 4 6 4.0 -0.9
ACSI American Customer Satisfaction Core Alpha ETF 13.9 66 -56 5.8 +1.0
SCHG Schwab U.S. Large-Cap Growth ETF 13.9 4 6 4.0 -0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 13.7 60 -50 4.3 -0.5
DSI iShares MSCI KLD 400 Social ETF 13.7 25 -15 5.1 +0.3
LRGE ClearBridge Large Cap Growth ESG ETF 13.5 59 -49 3.7 -1.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 13.5 47 -37 6.6 +1.8
ESG FlexShares STOXX US ESG Impact Index Fund 13.5 32 -22 5.1 +0.3
IYW iShares U.S. Technology ETF 13.5 42 -32 3.9 -0.9
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 13.3 60 -50 3.6 -1.2
VOOG Vanguard S&P 500 Growth ETF 13.0 10 0 4.2 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 13.0 27 -17 5.0 +0.2
SYG SPDR MFS Systematic Growth Equity ETF 13.0 60 -50 4.2 -0.6
SPYG SPDR Portfolio S&P 500 Growth ETF 13.0 4 6 4.3 -0.6
IVW iShares S&P 500 Growth ETF 13.0 18 -8 4.1 -0.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 12.9 75 -65 3.7 -1.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 12.7 15 -5 7.0 +2.2
CACG ClearBridge All Cap Growth ETF 12.7 54 -44 4.3 -0.5
NACP Impact Shares NAACP Minority Empowerment ETF 12.7 75 -65 4.5 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 12.7 27 -17 5.0 +0.2
BVAL Brand Value ETF 12.6 65 -55 6.2 +1.4
IWY iShares Russell Top 200 Growth ETF 12.6 20 -10 4.0 -0.8
IWL iShares Russell Top 200 ETF 12.5 15 -5 5.0 +0.2
IUSG iShares Core S&P US Growth ETF 12.4 4 6 4.3 -0.5
IWX iShares Russell Top 200 Value ETF 12.4 20 -10 7.3 +2.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 12.4 15 -5 6.2 +1.4
NULG Nuveen ESG Large-Cap Growth ETF 12.4 35 -25 3.5 -1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 12.3 19 -9 5.7 +0.9
TECB iShares US Tech Breakthrough Multisector ETF 12.3 40 -30 3.9 -0.9
SNPE Xtrackers S&P 500 ESG ETF 12.3 11 -1 5.1 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 12.2 0 10 5.2 +0.4
MGC Vanguard Mega Cap Index Fund 12.0 7 3 5.2 +0.4
XTL SPDR S&P Telecom ETF 12.0 35 -25 4.1 -0.7
SYE SPDR MFS Systematic Core Equity ETF 11.8 60 -50 5.6 +0.8
FDG American Century Focused Dynamic Growth ETF 11.6 45 -35 1.7 -3.1
EPS WisdomTree U.S. Earnings 500 Fund 11.5 8 2 6.6 +1.8
ESGV Vanguard ESG U.S. Stock ETF 11.5 12 -2 5.2 +0.4
AIQ Global X Future Analytics Tech ETF 11.4 68 -58 3.7 -1.1
VONG Vanguard Russell 1000 Growth Index Fund 11.4 8 2 4.2 -0.7
SPXE ProShares S&P 500 Ex-Energy ETF 11.4 27 -17 5.3 +0.5
EXT WisdomTree U.S. Total Earnings Fund 11.4 28 -18 5.2 +0.4
PBP Invesco S&P 500 BuyWrite ETF 11.4 49 -39 5.0 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 11.3 20 -10 5.4 +0.6
QUAL iShares MSCI Usa Quality Factor ETF 11.3 15 -5 5.4 +0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 11.3 49 -39 4.1 -0.7
PWB Invesco Dynamic Large Cap Growth ETF 11.2 55 -45 3.3 -1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 11.2 20 -10 4.9 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 11.2 29 -19 5.2 +0.4
HSPX Global X S&P 500 Covered Call ETF 11.1 65 -55 4.9 +0.1
SPY SPDR S&P 500 ETF Trust 11.1 9 1 5.4 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 11.1 7 3 5.2 +0.4
IVV iShares Core S&P 500 ETF 11.1 4 6 5.4 +0.6
SPLG SPDR Portfolio Large Cap ETF 11.1 3 7 5.4 +0.6
ALFA AlphaClone Alternative Alpha ETF 11.0 65 -55 3.4 -1.5
VOO VANGUARD S&P 500 ETF 11.0 3 7 5.4 +0.6
VV Vanguard Large-Cap Index Fund 11.0 4 6 5.3 +0.5
IUS Invesco Strategic US ETF 11.0 19 -9 6.8 +2.0
IWF iShares Russell 1000 Growth ETF 11.0 19 -9 4.1 -0.8
PBUS Invesco PureBeta MSCI USA ETF 10.9 4 6 5.3 +0.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 10.9 59 -49 4.1 -0.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 10.9 35 -25 4.3 -0.5
DWLD Davis Select Worldwide ETF 10.9 63 -53 6.3 +1.5

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 Telecommunication Services 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 14.8 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.