Vanguard Utilities Index Fund
ALTAR
Score™
6.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.6x P/Sales
ratio
2.1x
P/BV
ratio
1.8x Div.
yield
3.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Utilities ETF seeks to track the performance of the MSCI US Investable Market Utilities Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 30, 2004
Assets (mns) $3,506
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 67
Wgt avg mkt cap (mns) $1,505,000,000,000
Large cap (>$10bn) 81.4%
Mid cap ($2-10bn) 17.2%
Small cap (<$2bn) 1.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEXTERA ENERGY GROUP 14.0 %
DOMINION RESOURCES INC/VA 7.1 %
DUKE ENERGY CORP 7.1 %
AMERICAN ELECTRIC POWER 4.7 %
EXELON CORP 4.3 %
SEMPRA ENERGY 3.8 %
XCEL ENERGY INC 3.8 %
WEC ENERGY GROUP INC 3.3 %
CONSOLIDATED EDISON INC 3.1 %
EVERSOURCE ENERGY 3.0 %
Total 54.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.6 %
BRITISH VIRGIN ISLANDS 0.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.1% -3.1% 8.1% 10.6% 9.3%

Market Correlations
versus... Beta R-squared
S&P500 0.49 31%
MSCI EAFE 0.49 30%
MSCI Emg. Mkts. 0.31 17%

Technical Indicators
Recent close $118.15
30d moving avg. $130.90
Annualized volatility 13.4%
Short interest (ETF) 0.4%
Short interest (Underlying) 2.6%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 671
Turnover 2.3%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $8,428

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VPU Expense: 10 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VPU
Ticker Fund
Name
Overlap1
vs VPU
(%)
Expense
ratio
(bp)
Savings
vs VPU
(bp)
ALTAR
Score™
(%)
ALTAR
vs VPU
(%)
FUTY Fidelity MSCI Utilities Index ETF 92.9 8 2 6.3 +0.1
IDU iShares U.S. Utilities ETF 92.3 43 -33 6.1 -0.2
XLU Utilities Select Sector SPDR Fund 84.1 13 -3 6.3 +0.1
JHMU John Hancock Multifactor Utilities ETF 70.6 40 -30 6.6 +0.3
RYU Invesco S&P 500 Equal Weight Utilities ETF 65.2 40 -30 6.5 +0.3
JXI iShares Global Utilities ETF 56.7 46 -36 6.6 +0.4
UTES Virtus Reaves Utilities ETF 50.3 49 -39 5.4 -0.8
PUI Invesco DWA Utilities Momentum ETF 45.1 60 -50 5.1 -1.1
FXU First Trust Utilities AlphaDEX Fund 41.2 63 -53 6.5 +0.3
ECLN First Trust EIP Carbon Impact ETF 38.2 95 -85 4.4 -1.8
IFRA iShares U.S. Infrastructure ETF 33.9 40 -30 7.6 +1.4
GII SPDR S&P Global Infrastructure ETF 32.7 40 -30 6.7 +0.5
IGF iShares Global Infrastructure ETF 32.6 46 -36 6.7 +0.5
EMLP First Trust North American Energy Infrastructure Fund 31.0 95 -85 7.4 +1.2
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 29.4 60 -50 6.3 +0.0
DVY iShares Select Dividend ETF 28.5 39 -29 10.9 +4.6
LVHD Legg Mason Low Volatility High Dividend ETF 28.4 27 -17 8.6 +2.4
SPLV Invesco S&P 500 Low Volatility ETF 27.2 25 -15 6.7 +0.4
NLR VanEck Vectors Uranium+Nuclear Energy ETF 25.0 60 -50 10.4 +4.1
TPHD Timothy Plan High Dividend Stock ETF 23.2 52 -42 9.4 +3.2
INFR Legg Mason Global Infrastructure ETF 21.2 40 -30 7.1 +0.9
JDIV JPMorgan U.S. Dividend ETF 19.1 12 -2 10.7 +4.5
FVD First Trust Value Line Dividend Index Fund 19.0 70 -60 8.0 +1.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 17.9 46 -36 6.6 +0.4
JMIN JPMorgan U.S. Minimum Volatility ETF 17.5 12 -2 7.2 +0.9
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 17.4 60 -50 9.6 +3.4
JKI iShares Morningstar Mid-Cap Value ETF 17.1 30 -20 13.5 +7.3
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 17.1 35 -25 11.3 +5.1
PEY Invesco High Yield Equity Dividend Achievers ETF 16.7 53 -43 9.8 +3.6
GLIF AGFiQ Global Infrastructure ETF 16.5 45 -35 6.1 -0.1
RBUS Nationwide Risk-Based U.S. Equity ETF 16.3 30 -20 7.2 +1.0
VOE Vanguard Mid-Cap Value Index Fund 16.3 7 3 10.8 +4.6
PMOM Principal Sustainable Momentum Index ETF 15.7 29 -19 7.2 +0.9
LSLT Salt Low truBeta US Market ETF 15.0 0 10 8.5 +2.3
SCIU Global X Scientific Beta US ETF 14.6 19 -9 7.6 +1.4
IWS iShares Russell Mid-Cap Value ETF 13.4 24 -14 10.0 +3.8
BIBL Inspire ETF 12.5 35 -25 6.2 -0.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 12.4 30 -20 11.9 +5.7
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 12.2 99 -89 4.5 -1.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 12.0 15 -5 8.9 +2.7
XKCP SPDR Kensho Clean Power ETF 11.8 45 -35 -14.9 -21.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 11.6 19 -9 8.3 +2.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 11.5 47 -37 7.8 +1.6
ACSI American Customer Satisfaction Core Alpha ETF 11.5 66 -56 7.4 +1.2
TPLC Timothy Plan US Large Cap Core ETF 11.4 52 -42 7.3 +1.1
DON WisdomTree U.S. MidCap Dividend Fund 11.3 38 -28 11.0 +4.8
ESGS Columbia Sustainable U.S. Equity Income ETF 11.3 35 -25 12.1 +5.9
FTA First Trust Large Cap Value AlphaDEX Fund 11.1 60 -50 12.1 +5.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 11.0 15 -5 5.7 -0.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 10.6 24 -14 8.3 +2.1
DHS WisdomTree U.S. High Dividend Fund 10.5 38 -28 10.5 +4.2
KLCD KFA Large Cap Quality Dividend Index ETF 10.5 41 -31 6.6 +0.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 10.0 38 -28 10.2 +4.0
VYM Vanguard High Dividend Yield Index ETF 9.4 6 4 8.9 +2.7
SPDV AAM S&P 500 High Dividend Value ETF 9.4 29 -19 14.5 +8.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 9.4 35 -25 7.6 +1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 9.4 20 -10 9.5 +3.3
GBDV Global Beta Smart Income ETF 9.2 29 -19 16.2 +10.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 9.1 34 -24 6.8 +0.6
DIV Global X SuperDividend US ETF 9.1 45 -35 15.1 +8.8
RDIV Invesco S&P Ultra Dividend Revenue ETF 8.9 39 -29 15.1 +8.9
EQAL Invesco Russell 1000 Equal Weight ETF 8.8 20 -10 7.6 +1.4
LRGF iShares Edge MSCI Multifactor USA ETF 8.7 20 -10 9.0 +2.8
SPYD SPDR S&P 500 High Dividend ETF 8.6 7 3 14.3 +8.1
SDY SPDR S&P Dividend ETF 8.4 35 -25 8.2 +1.9
SPMO Invesco S&P 500 Momentum ETF 8.3 13 -3 5.3 -1.0
CFA Victory CEMP US 500 Volatility Weighted Index ETF 8.1 35 -25 8.1 +1.8
USMV iShares Edge MSCI Min Vol USA ETF 8.0 15 -5 6.8 +0.6
AUSF Global X Adaptive U.S. Factor ETF 7.9 27 -17 10.5 +4.3
SYV SPDR MFS Systematic Value Equity ETF 7.6 60 -50 9.8 +3.6
HDV iShares Core High Dividend ETF 7.6 8 2 8.1 +1.9
IWR iShares Russell Midcap ETF 7.6 19 -9 8.0 +1.8
MAGA Point Bridge GOP Stock Tracker ETF 7.6 72 -62 9.4 +3.2
VALQ American Century STOXX U.S. Quality Value ETF 7.5 29 -19 11.5 +5.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 7.5 17 -7 9.0 +2.7
VO Vanguard Mid-Cap Index Fund 7.5 4 6 7.7 +1.4
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.4 29 -19 8.4 +2.2
PWV Invesco Dynamic Large Cap Value ETF 7.4 55 -45 10.6 +4.4
FAB First Trust Multi Cap Value AlphaDEX Fund 7.3 71 -61 13.3 +7.1
VONV Vanguard Russell 1000 Value Index Fund 7.3 8 2 9.3 +3.0
ACWV iShares Edge MSCI Min Vol Global ETF 7.2 20 -10 6.7 +0.5
IWD iShares Russell 1000 Value ETF 7.2 19 -9 9.1 +2.9
PFM Invesco Dividend Achievers ETF 7.1 54 -44 6.4 +0.2
VBR Vanguard Small Cap Value Index Fund 7.1 7 3 12.0 +5.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 7.1 30 -20 8.1 +1.8
XMLV Invesco S&P MidCap Low Volatility ETF 7.1 25 -15 8.1 +1.9
FLQL Franklin LibertyQ U.S. Equity ETF 7.0 15 -5 8.0 +1.8
VTV Vanguard Value Index Fund 7.0 4 6 9.1 +2.9
SPMV Invesco S&P 500 Minimum Variance ETF 6.9 10 0 7.3 +1.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 6.9 65 -55 4.4 -1.8
SDOG ALPS Sector Dividend Dogs ETF 6.9 40 -30 13.9 +7.6
VETS Pacer Military Times Best Employers ETF 6.8 60 -50 8.5 +2.3
MDYV SPDR S&P 400 Mid Cap Value ETF 6.7 15 -5 12.1 +5.8
IJJ iShares S&P Mid-Cap 400 Value ETF 6.7 25 -15 12.0 +5.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 6.7 15 -5 12.2 +6.0
VIG Vanguard Dividend Appreciation Index Fund 6.7 6 4 6.3 +0.1
IUSV iShares Core S&P U.S. Value ETF 6.7 4 6 9.4 +3.2
VOOV Vanguard S&P 500 Value ETF 6.6 15 -5 9.2 +2.9
SPYV SPDR Portfolio S&P 500 Value ETF 6.5 4 6 9.2 +3.0
IVE iShares S&P 500 Value ETF 6.5 18 -8 9.1 +2.9

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Utilities 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 11.2 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.51
 
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.