Vanguard ESG International Stock ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 19.8x P/Sales
ratio		 1.4x
P/BV
ratio		 1.5x Div.
yield		 2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Vanguard ESG International Stock ETF tracks a market-cap-weighted index of global ex-US companies screened for environmental, social, and corporate governance (ESG) criteria.

FUND BASICS
Category International Equities
Fund Sponsor Vanguard
Website institutional.vanguard.com
Inception date Sep 18, 2018
Assets (mns) $1,144
Currency USD
Expense ratio 17 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 4190
Wgt avg mkt cap (mns) $82,939
Large cap (>$10bn) 72.6%
Mid cap ($2-10bn) 21.6%
Small cap (<$2bn) 5.2%
Developed mkts 72.5%
Emerging mkts 27.0%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 2.4 %
TENCENT HOLDINGS LTD 2.1 %
TAIWAN SEMICONDUCTOR MANUFAC 1.9 %
NESTLE SA-REG 1.8 %
ROCHE HOLDING AG-GENUSSCHEIN 1.3 %
SAMSUNG ELECTRONICS CO LTD 1.1 %
TOYOTA MOTOR CORP 0.8 %
ASML HOLDING NV 0.8 %
ASTRAZENECA PLC 0.8 %
SANOFI-AVENTIS 0.6 %
Total 13.4 %

TOP COUNTRY EXPOSURE
JAPAN 17.2 %
CHINA 10.1 %
BRITAIN 7.3 %
CANADA 6.3 %
SWITZERLAND 6.3 %
TAIWAN 4.9 %
GERMANY 4.7 %
AUSTRALIA 4.2 %
FRANCE 4.0 %
SOUTH KOREA 3.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.3% 4.4% -- -- 6.5%

Market Correlations
versus... Beta R-squared
S&P500 0.86 87%
MSCI EAFE 1.01 96%
MSCI Emg. Mkts. 0.76 89%

Technical Indicators
Recent close $51.31
30d moving avg. $50.38
Annualized volatility 19.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 119
Turnover 0.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $101,065

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VSGX Expense: 17 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VSGX
Ticker Fund
Name		 Overlap1
vs VSGX
(%)		 Expense
ratio
(bp)		 Savings
vs VSGX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs VSGX
(%)
ACWX iShares MSCI ACWI ex U.S. ETF 67.6 32 -15 7.3 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 66.8 40 -23 7.0 -0.1
VEU Vanguard FTSE All-World ex-US Index Fund 66.7 8 9 7.5 +0.4
VXUS Vanguard Total International Stock Index Fund 66.6 8 9 7.5 +0.4
IXUS ishares Core MSCI Total International Stock ETF 66.4 9 8 7.4 +0.3
VEA Vanguard FTSE Developed Markets ETF 62.7 5 12 7.4 +0.3
SCHF Schwab International Equity ETF 61.3 6 11 7.4 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 58.9 5 12 7.3 +0.1
SPDW SPDR Portfolio Developed World ex-US ETF 58.0 4 13 7.2 +0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 57.0 7 10 7.6 +0.5
CWI SPDR MSCI ACWI ex-US ETF 57.0 30 -13 7.2 +0.0
IEFA iShares Core MSCI EAFE ETF 55.2 7 10 7.3 +0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 53.3 20 -3 7.4 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 51.5 20 -3 7.1 -0.0
EFA iShares MSCI EAFE ETF 51.3 32 -15 7.1 -0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 51.1 35 -18 6.9 -0.3
GSID Goldman Sachs MarketBeta International Equity ETF 50.6 20 -3 7.4 +0.3
BKIE BNY Mellon International Equity ETF 49.2 4 13 7.4 +0.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 48.4 16 1 6.9 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 45.1 45 -28 8.8 +1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 43.8 25 -8 6.6 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 43.4 39 -22 8.4 +1.3
JHMD John Hancock Multifactor Developed International ETF 43.1 39 -22 7.5 +0.4
FNDF Schwab Fundamental International Large Co. Index ETF 42.5 25 -8 8.8 +1.7
ESGD iShares MSCI EAFE ESG Optimized ETF 42.4 20 -3 7.0 -0.2
IQSI IQ Candriam ESG International Equity ETF 41.1 15 2 7.3 +0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 40.8 39 -22 6.5 -0.6
QEFA SPDR MSCI EAFE Quality Mix ETF 39.8 30 -13 6.9 -0.2
PDEV Principal International Multi-Factor Core Index ETF 38.1 25 -8 7.9 +0.8
ISZE iShares Edge MSCI Intl Size Factor ETF 36.8 30 -13 7.4 +0.3
DWM WisdomTree International Equity Fund 35.7 48 -31 8.4 +1.3
AVDE Avantis International Equity ETF 35.7 23 -6 7.8 +0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 35.0 35 -18 8.6 +1.4
CIL VictoryShares International Volatility Weighted Index ETF 34.9 45 -28 6.7 -0.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 34.9 45 -28 6.7 -0.5
VGK Vanguard FTSE Europe ETF 34.0 8 9 7.4 +0.3
FEU SPDR Portfolio Europe ETF 33.8 9 8 7.3 +0.2
IEUR iShares Core MSCI Europe ETF 33.3 9 8 7.3 +0.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 32.6 35 -18 7.0 -0.2
FLEE Franklin FTSE Europe ETF 32.1 9 8 7.0 -0.1
FLEH Franklin FTSE Europe Hedged ETF 32.1 9 8 7.1 -0.1
EFG iShares MSCI EAFE Growth ETF 31.9 40 -23 4.6 -2.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 31.9 30 -13 6.9 -0.3
ISDX Invesco Strategic Developed ex-US ETF 31.1 23 -6 7.4 +0.3
VYMI Vanguard International High Dividend Yield ETF 30.7 32 -15 10.1 +2.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 30.4 14 3 7.0 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 30.3 9 8 7.4 +0.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 29.9 20 -3 5.9 -1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 29.9 45 -28 6.6 -0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 29.3 20 -3 6.0 -1.2
ACWI iShares MSCI ACWI ETF 29.1 32 -15 5.7 -1.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 29.1 24 -7 7.2 +0.0
VT Vanguard Total World Stock Index Fund 28.8 8 9 6.0 -1.1
IEV iShares Europe ETF 28.5 59 -42 6.8 -0.3
VPL Vanguard FTSE Pacific ETF 28.2 8 9 7.6 +0.5
DOL WisdomTree International LargeCap Dividend Fund 28.2 48 -31 8.7 +1.6
IQIN IQ 500 International ETF 27.7 25 -8 8.8 +1.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 27.6 25 -8 6.5 -0.6
IEMG iShares Core MSCI Emerging Markets ETF 26.8 13 4 7.9 +0.7
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 26.4 30 -13 0.0 -7.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 25.4 45 -28 7.1 +0.0
IGRO iShares International Dividend Growth ETF 25.1 22 -5 8.0 +0.9
RNDM Developed International Equity Select ETF 25.0 65 -48 6.3 -0.8
QWLD SPDR MSCI World StrategicFactors ETF 24.9 30 -13 6.0 -1.1
QINT American Century Quality Diversified International ETF 24.8 39 -22 5.7 -1.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 24.7 65 -48 7.4 +0.3
EFV iShares MSCI EAFE Value ETF 24.7 39 -22 9.7 +2.5
EEM iShares MSCI Emerging Markets ETF 24.7 68 -51 7.4 +0.2
VWO Vanguard FTSE Emerging Markets ETF 24.1 10 7 8.0 +0.9
TPIF Timothy Plan International ETF 24.0 62 -45 6.3 -0.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.9 30 -13 6.1 -1.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.8 42 -25 5.3 -1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 23.7 59 -42 10.9 +3.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 23.5 29 -12 7.7 +0.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 23.4 30 -13 4.4 -2.7
FLAX Franklin FTSE Asia Ex Japan ETF 23.4 19 -2 7.7 +0.6
URTH iShares MSCI World ETF 23.3 24 -7 5.5 -1.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 23.1 36 -19 8.1 +1.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 23.1 68 -51 7.0 -0.1
IPAC iShares Core MSCI Pacific ETF 23.0 9 8 7.4 +0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 22.3 9 8 5.8 -1.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 21.8 30 -13 7.8 +0.7
SCHE Schwab Emerging Markets Equity ETF 21.4 11 6 7.9 +0.8
SCID Global X Scientific Beta Europe ETF 21.4 39 -22 6.5 -0.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 21.3 20 -3 5.5 -1.6
IDY Pacific Global International Equity Income ETF 21.3 39 -22 8.1 +1.0
SPEM SPDR Portfolio Emerging Markets ETF 21.2 11 6 7.8 +0.7
RBIN Nationwide Risk-Based International Equity ETF 20.6 42 -25 6.2 -0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.5 30 -13 8.7 +1.5
JHEM John Hancock Multifactor Emerging Markets ETF 20.4 49 -32 8.4 +1.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 20.4 45 -28 7.8 +0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 20.3 29 -12 8.6 +1.5
EEMA iShares MSCI Emerging Markets Asia ETF 20.3 50 -33 7.5 +0.4
VIGI Vanguard International Dividend Appreciation ETF 19.5 25 -8 5.6 -1.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 19.5 15 2 8.6 +1.5
AVEM Avantis Emerging Markets Equity ETF 19.3 33 -16 8.7 +1.6
NUDM Nuveen ESG International Developed Markets Equity ETF 19.2 40 -23 6.9 -0.3
ESGE iShares ESG MSCI EM ETF 19.2 25 -8 8.6 +1.4
VGFO Virtus WMC Global Factor Opportunities ETF 18.8 49 -32 7.9 +0.8

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 ESG International Stock 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 10.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 17 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.59
 
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.