Vanguard ESG International Stock ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 17.9x P/Sales
ratio		 1.3x
P/BV
ratio		 1.4x Div.
yield		 2.7%


  • 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) $919
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 4016
Wgt avg mkt cap (mns) $68,148
Large cap (>$10bn) 69.2%
Mid cap ($2-10bn) 25.2%
Small cap (<$2bn) 5.5%
Developed mkts 74.0%
Emerging mkts 25.6%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 2.2 %
NESTLE SA-REG 1.9 %
TENCENT HOLDINGS LTD 1.8 %
ROCHE HOLDING AG-GENUSSCHEIN 1.5 %
TAIWAN SEMICONDUCTOR MANUFAC 1.4 %
SAMSUNG ELECTRONICS CO LTD 1.1 %
TOYOTA MOTOR CORP 0.9 %
ASTRAZENECA PLC 0.8 %
ASML HOLDING NV 0.8 %
NOVO NORDISK A/S-B 0.6 %
Total 12.9 %

TOP COUNTRY EXPOSURE
JAPAN 19.4 %
CHINA 8.4 %
BRITAIN 7.7 %
SWITZERLAND 6.5 %
CANADA 6.3 %
GERMANY 4.8 %
TAIWAN 4.5 %
AUSTRALIA 4.2 %
FRANCE 4.2 %
SOUTH KOREA 3.1 %

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.
-13.1% -0.5% -- -- 1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.86 88%
MSCI EAFE 1.00 97%
MSCI Emg. Mkts. 0.80 90%

Technical Indicators
Recent close $48.60
30d moving avg. $44.83
Annualized volatility 19.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 140
Turnover 0.7%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $89,773

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™: 7.4%


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 65.1 32 -15 7.5 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 64.7 40 -23 7.4 +0.0
VEU Vanguard FTSE All-World ex-US Index Fund 64.4 8 9 7.7 +0.3
VXUS Vanguard Total International Stock Index Fund 64.2 8 9 7.7 +0.3
IXUS ishares Core MSCI Total International Stock ETF 63.9 9 8 7.6 +0.2
SCHF Schwab International Equity ETF 61.5 6 11 7.4 -0.0
VEA Vanguard FTSE Developed Markets ETF 61.5 5 12 7.4 +0.0
IDEV iShares Core MSCI International Developed Markets ETF 58.5 5 12 7.3 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 58.0 4 13 7.2 -0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 57.5 7 10 7.6 +0.2
IEFA iShares Core MSCI EAFE ETF 55.5 7 10 7.3 -0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 55.4 20 -3 7.5 +0.1
CWI SPDR MSCI ACWI ex-US ETF 54.8 30 -13 7.6 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 52.9 20 -3 7.3 -0.1
EFA iShares MSCI EAFE ETF 52.3 32 -15 7.2 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 52.1 35 -18 7.0 -0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 47.8 16 1 7.1 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 46.2 45 -28 8.8 +1.4
FNDF Schwab Fundamental International Large Co. Index ETF 44.5 25 -8 8.7 +1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 44.3 25 -8 6.8 -0.6
JHMD John Hancock Multifactor Developed International ETF 44.2 45 -28 7.4 +0.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 43.2 39 -22 9.1 +1.7
IQSI IQ Candriam ESG International Equity ETF 42.3 15 2 7.3 -0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 42.2 39 -22 6.7 -0.7
ESGD iShares MSCI EAFE ESG Optimized ETF 41.8 20 -3 7.2 -0.2
PDEV Principal International Multi-Factor Core Index ETF 39.9 25 -8 7.9 +0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 39.6 30 -13 6.8 -0.6
ISZE iShares Edge MSCI Intl Size Factor ETF 38.6 30 -13 6.9 -0.5
DWM WisdomTree International Equity Fund 37.3 48 -31 8.2 +0.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 36.6 35 -18 8.6 +1.2
CIL VictoryShares International Volatility Weighted Index ETF 35.9 45 -28 6.7 -0.7
AVDE Avantis International Equity ETF 35.4 23 -6 7.9 +0.5
EFG iShares MSCI EAFE Growth ETF 34.4 40 -23 4.7 -2.7
VGK Vanguard FTSE Europe ETF 34.3 8 9 7.3 -0.1
FEU SPDR Portfolio Europe ETF 34.0 9 8 7.3 -0.2
IEUR iShares Core MSCI Europe ETF 33.6 9 8 7.3 -0.1
VYMI Vanguard International High Dividend Yield ETF 32.7 32 -15 10.1 +2.7
FLEE Franklin FTSE Europe ETF 32.7 9 8 7.0 -0.4
FLEH Franklin FTSE Europe Hedged ETF 32.6 9 8 7.2 -0.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 32.4 30 -13 6.8 -0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 32.0 14 3 7.0 -0.4
BBEU JPMorgan BetaBuilders Europe ETF 31.0 9 8 7.3 -0.2
ISDX Invesco Strategic Developed ex-US ETF 30.9 23 -6 7.4 +0.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 30.1 24 -7 7.2 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 29.9 45 -28 6.8 -0.6
VPL Vanguard FTSE Pacific ETF 29.7 8 9 7.8 +0.4
DOL WisdomTree International LargeCap Dividend Fund 29.4 48 -31 8.5 +1.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 28.9 20 -3 6.4 -1.0
IQIN IQ 500 International ETF 28.8 25 -8 9.0 +1.6
IEV iShares Europe ETF 28.8 59 -42 6.8 -0.6
VT Vanguard Total World Stock Index Fund 28.7 8 9 6.3 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 28.3 20 -3 6.3 -1.1
ACWI iShares MSCI ACWI ETF 28.1 32 -15 6.0 -1.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 27.9 25 -8 6.7 -0.7
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 27.8 48 -31 0.0 -7.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 27.7 45 -28 6.9 -0.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 26.3 45 -28 7.2 -0.2
QINT American Century Quality Diversified International ETF 26.3 39 -22 5.9 -1.5
IGRO iShares International Dividend Growth ETF 26.0 22 -5 8.0 +0.6
RNDM Developed International Equity Select ETF 25.6 65 -48 6.4 -1.0
IPAC iShares Core MSCI Pacific ETF 25.1 9 8 7.5 +0.1
TPIF Timothy Plan International ETF 24.4 62 -45 7.0 -0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 24.4 83 -66 6.3 -1.1
IEMG iShares Core MSCI Emerging Markets ETF 24.3 14 3 8.7 +1.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 24.1 30 -13 6.2 -1.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 24.0 29 -12 8.1 +0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 23.9 30 -13 5.0 -2.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 23.8 59 -42 11.1 +3.7
EFV iShares MSCI EAFE Value ETF 23.6 39 -22 10.0 +2.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.6 42 -25 5.6 -1.8
QWLD SPDR MSCI World StrategicFactors ETF 23.3 30 -13 6.0 -1.4
URTH iShares MSCI World ETF 23.2 24 -7 5.8 -1.6
IDY Pacific Global International Equity Income ETF 22.9 39 -22 8.0 +0.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 22.4 65 -48 8.4 +1.0
EEM iShares MSCI Emerging Markets ETF 22.4 68 -51 8.3 +0.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 22.3 20 -3 5.9 -1.5
VWO Vanguard FTSE Emerging Markets ETF 22.2 10 7 8.8 +1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 22.1 9 8 6.2 -1.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 21.8 29 -12 8.6 +1.2
VIGI Vanguard International Dividend Appreciation ETF 21.3 25 -8 5.9 -1.5
SCID Global X Scientific Beta Europe ETF 21.1 38 -21 6.9 -0.5
FLAX Franklin FTSE Asia Ex Japan ETF 20.9 19 -2 8.5 +1.1
RBIN Nationwide Risk-Based International Equity ETF 20.6 42 -25 6.5 -1.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 20.5 68 -51 8.0 +0.6
JPEU JPMorgan Diversified Return Europe Equity ETF 20.2 37 -20 6.8 -0.6
JPGE JPMorgan Diversified Return Global Equity ETF 20.0 29 -12 7.3 -0.1
SCHE Schwab Emerging Markets Equity ETF 19.6 13 4 8.7 +1.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 19.4 30 -13 8.8 +1.4
FDEV Fidelity Targeted International Factor ETF 19.2 39 -22 6.5 -0.9
NUDM Nuveen ESG International Developed Markets Equity ETF 19.2 40 -23 6.9 -0.5
JHEM John Hancock Multifactor Emerging Markets ETF 19.0 55 -38 8.8 +1.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 18.9 30 -13 7.6 +0.2
FLJH Franklin FTSE Japan Hedged ETF 18.9 9 8 7.7 +0.3
FLJP Franklin FTSE Japan ETF 18.9 9 8 7.8 +0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 18.6 45 -28 8.7 +1.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 18.5 30 -13 9.4 +2.0
SPEM SPDR Portfolio Emerging Markets ETF 18.5 11 6 8.6 +1.2
BBJP JPMorgan BetaBuilders Japan ETF 18.3 19 -2 7.7 +0.3
EWJ iShares MSCI Japan ETF 18.0 49 -32 7.4 +0.0

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 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 1.4 x
Less: Expense ratio 17 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 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.