Vanguard FTSE Pacific ETF
ALTAR
Score™
8.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.3x P/Sales
ratio
0.9x
P/BV
ratio
1.1x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Pacific ETF seeks to track the performance of the MSCI Pacific Index.

FUND BASICS
Category International Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Mar 10, 2005
Assets (mns) $3,208
Currency USD
Expense ratio 8 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 2342
Wgt avg mkt cap (mns) $37,412
Large cap (>$10bn) 64.3%
Mid cap ($2-10bn) 25.8%
Small cap (<$2bn) 10.0%
Developed mkts 88.1%
Emerging mkts 11.9%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 3.0 %
TOYOTA MOTOR CORP 2.4 %
AIA GROUP LTD 1.6 %
CSL LIMITED 1.4 %
SONY CORP 1.3 %
SOFTBANK GROUP CORP. 1.1 %
COMMONWEALTH BANK OF AUSTRAL 1.1 %
KEYENCE CORP 1.1 %
BHP BILLITON LTD 1.1 %
TAKEDA PHARMACEUTICAL CO LTD 0.9 %
Total 15.1 %

TOP COUNTRY EXPOSURE
JAPAN 60.0 %
AUSTRALIA 14.5 %
SOUTH KOREA 11.0 %
HONG KONG 7.0 %
SINGAPORE 2.7 %
NEW ZEALAND 0.9 %
CHINA 0.5 %
BRITAIN 0.3 %
MACAU 0.2 %
BERMUDA 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.7% -9.6% 1.1% 3.8% 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.78 80%
MSCI EAFE 0.89 90%
MSCI Emg. Mkts. 0.69 83%

Technical Indicators
Recent close $62.01
30d moving avg. $58.35
Annualized volatility 14.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 715
Turnover 1.4%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $35,695

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Vanguard FTSE Pacific ETF ETF based on the alternatives' overlap in portfolio holdings with VPL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VPL Expense: 8 bp ALTAR Score™: 8.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VPL
Ticker Fund
Name
Overlap1
vs VPL
(%)
Expense
ratio
(bp)
Savings
vs VPL
(bp)
ALTAR
Score™
(%)
ALTAR
vs VPL
(%)
IPAC iShares Core MSCI Pacific ETF 76.3 9 -1 8.0 -0.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 55.9 30 -22 8.1 -0.2
FLJP Franklin FTSE Japan ETF 55.9 9 -1 8.3 -0.0
FLJH Franklin FTSE Japan Hedged ETF 55.9 9 -1 8.3 -0.1
BBJP JPMorgan BetaBuilders Japan ETF 52.7 19 -11 8.2 -0.2
EWJ iShares MSCI Japan ETF 51.6 49 -41 7.9 -0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 51.3 45 -37 8.0 -0.4
QJPN SPDR MSCI Japan StrategicFactors ETF 51.1 14 -6 8.5 +0.1
JPXN iShares JPX-Nikkei 400 ETF 50.2 48 -40 7.9 -0.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 50.0 9 -1 8.4 -0.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 49.9 25 -17 8.1 -0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 41.4 20 -12 8.1 -0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 41.0 7 1 8.1 -0.2
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 39.4 83 -75 7.6 -0.8
EWJE iShares MSCI Japan Equal Weighted ETF 38.5 15 -7 7.5 -0.8
SCHF Schwab International Equity ETF 37.7 6 2 7.9 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 37.1 25 -17 9.4 +1.0
DXJ WisdomTree Japan Hedged Equity Fund 36.8 48 -40 8.9 +0.5
IEFA iShares Core MSCI EAFE ETF 36.3 7 1 7.8 -0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 36.3 20 -12 7.7 -0.7
EFA iShares MSCI EAFE ETF 36.3 32 -24 7.7 -0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 36.3 14 -6 7.4 -1.0
VEA Vanguard FTSE Developed Markets ETF 35.7 5 3 8.0 -0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 35.4 35 -27 7.5 -0.9
EFG iShares MSCI EAFE Growth ETF 35.2 40 -32 5.0 -3.4
SPDW SPDR Portfolio Developed World ex-US ETF 34.8 4 4 7.7 -0.6
JHMD John Hancock Multifactor Developed International ETF 34.5 45 -37 8.0 -0.4
IQSI IQ Candriam ESG International Equity ETF 34.4 15 -7 7.8 -0.5
EFV iShares MSCI EAFE Value ETF 34.3 39 -31 10.8 +2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 33.2 45 -37 9.6 +1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 32.3 39 -31 7.1 -1.3
IDEV iShares Core MSCI International Developed Markets ETF 32.2 5 3 7.8 -0.6
ISZE iShares Edge MSCI Intl Size Factor ETF 32.1 30 -22 7.5 -0.9
ESGD iShares MSCI EAFE ESG Optimized ETF 31.8 20 -12 7.7 -0.6
DWM WisdomTree International Equity Fund 31.2 48 -40 8.8 +0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 31.0 30 -22 7.2 -1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 30.8 35 -27 9.1 +0.7
SCIJ Global X Scientific Beta Japan ETF 30.2 39 -31 7.6 -0.8
VSGX Vanguard ESG International Stock ETF 29.5 17 -9 7.9 -0.5
JPGE JPMorgan Diversified Return Global Equity ETF 29.5 29 -21 7.8 -0.6
CIL VictoryShares International Volatility Weighted Index ETF 29.4 45 -37 7.2 -1.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 29.0 24 -16 7.7 -0.7
IDY Pacific Global International Equity Income ETF 28.5 39 -31 9.4 +1.0
JPMV iShares Edge MSCI Min Vol Japan ETF 28.5 30 -22 7.3 -1.1
TPIF Timothy Plan International ETF 28.2 62 -54 7.5 -0.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 27.9 48 -40 0.0 -8.4
ACWX iShares MSCI ACWI ex U.S. ETF 27.8 32 -24 8.0 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 27.4 8 0 8.3 -0.1
IXUS ishares Core MSCI Total International Stock ETF 27.4 9 -1 8.1 -0.3
VXUS Vanguard Total International Stock Index Fund 27.3 8 0 8.3 -0.1
EWJV iShares MSCI Japan Value ETF 27.1 15 -7 11.6 +3.3
DOL WisdomTree International LargeCap Dividend Fund 26.9 48 -40 9.1 +0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 26.8 30 -22 5.2 -3.2
PDEV Principal International Multi-Factor Core Index ETF 26.7 25 -17 8.4 +0.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 26.7 29 -21 8.5 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 26.4 40 -32 7.9 -0.5
CWI SPDR MSCI ACWI ex-US ETF 26.4 30 -22 8.1 -0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 26.3 45 -37 7.6 -0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 26.3 39 -31 9.8 +1.4
AVDE Avantis International Equity ETF 26.2 23 -15 8.5 +0.2
ISDX Invesco Strategic Developed ex-US ETF 26.1 23 -15 8.1 -0.3
IVLU iShares Edge MSCI Intl Value Factor ETF 26.1 30 -22 12.0 +3.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 26.0 25 -17 7.3 -1.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 25.6 16 -8 7.5 -0.8
IQIN IQ 500 International ETF 23.8 25 -17 9.9 +1.5
RFDI First Trust Riverfront Dynamic Developed International ETF 22.7 83 -75 6.8 -1.6
JPIN JPMorgan Diversified Return International Equity ETF 22.7 38 -30 8.5 +0.1
VYMI Vanguard International High Dividend Yield ETF 22.6 32 -24 10.8 +2.5
EPP iShares MSCI Pacific ex-Japan ETF 21.5 48 -40 7.4 -0.9
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 21.5 19 -11 7.6 -0.8
AXJL WisdomTree Asia Pacific ex-Japan Fund 21.0 48 -40 10.1 +1.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 20.9 30 -22 6.6 -1.8
IDLV Invesco S&P International Developed Low Volatility ETF 20.7 25 -17 7.2 -1.1
RBIN Nationwide Risk-Based International Equity ETF 20.3 42 -34 6.8 -1.6
DTH WisdomTree DEFA Equity Income Fund 19.9 58 -50 10.3 +1.9
FLAX Franklin FTSE Asia Ex Japan ETF 19.9 19 -11 9.1 +0.7
IDHQ Invesco S&P International Developed High Quality ETF 19.4 29 -21 5.6 -2.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 19.0 68 -60 8.5 +0.2
DIM WisdomTree International MidCap Dividend Fund 19.0 58 -50 8.2 -0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 18.5 29 -21 9.2 +0.9
DWMF WisdomTree International Multifactor Fund 18.4 38 -30 7.2 -1.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 18.4 35 -27 9.1 +0.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 18.3 20 -12 6.1 -2.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 17.3 45 -37 7.3 -1.0
RNDM Developed International Equity Select ETF 16.9 65 -57 6.8 -1.6
FNDC Schwab Fundamental International Small Co. Index ETF 16.5 39 -31 7.7 -0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 15.7 40 -32 7.3 -1.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 15.7 49 -41 7.5 -0.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 15.6 80 -72 6.3 -2.0
VIGI Vanguard International Dividend Appreciation ETF 15.0 25 -17 6.3 -2.1
FDT First Trust Developed Markets ex-US Alphadex Fund 15.0 80 -72 8.3 -0.0
QINT American Century Quality Diversified International ETF 14.8 39 -31 6.3 -2.1
FDEV Fidelity Targeted International Factor ETF 14.4 39 -31 6.9 -1.5
IGRO iShares International Dividend Growth ETF 14.4 22 -14 8.5 +0.2
FIVA Fidelity International Value Factor ETF 14.4 39 -31 11.1 +2.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 14.2 32 -24 6.8 -1.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 14.0 29 -21 13.0 +4.7
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 13.8 43 -35 9.5 +1.2
FLAU Franklin FTSE Australia ETF 13.8 9 -1 7.1 -1.3

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 FTSE Pacific ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.0 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.58
 
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.