Vanguard Total World Stock ETF
ALTAR
Score™		 5.4% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 25.9x P/Sales
ratio		 2.0x
P/BV
ratio		 2.4x Div.
yield		 1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Vanguard Total World Stock fund seeks investment results that correspond to the price and yield performance of the FTSE All-World Stock Index. The index consists of stocks in both developed and emerging markets around the world, including the U.S.

FUND BASICS
Category Global Equities
Fund Sponsor Vanguard
Website www.vanguard.com
Inception date Jun 24, 2008
Assets (mns) $18,102
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 8708
Wgt avg mkt cap (mns) $281,883
Large cap (>$10bn) 82.7%
Mid cap ($2-10bn) 13.4%
Small cap (<$2bn) 2.7%
Developed mkts 87.7%
Emerging mkts 11.9%

TOP TEN HOLDINGS
APPLE INC 3.3 %
MICROSOFT CORP 2.5 %
AMAZON.COM INC 2.0 %
FACEBOOK 1.0 %
TESLA MOTORS INC 0.9 %
ALPHABET INC. CLASS A 0.8 %
ALPHABET INC. CLASS C 0.8 %
TENCENT HOLDINGS LTD 0.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 0.7 %
JOHNSON & JOHNSON 0.6 %
Total 13.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 54.1 %
JAPAN 6.9 %
CHINA 4.6 %
BRITAIN 4.4 %
CANADA 2.7 %
SWITZERLAND 2.7 %
FRANCE 2.4 %
GERMANY 2.3 %
TAIWAN 2.0 %
AUSTRALIA 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.5% 16.5% 12.5% 9.3% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 0.97 96%
MSCI EAFE 0.97 94%
MSCI Emg. Mkts. 0.80 81%

Technical Indicators
Recent close $95.76
30d moving avg. $93.43
Annualized volatility 18.7%
Short interest (ETF) 1.9%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 1,585
Turnover 0.8%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $591,336

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Vanguard Total World Stock ETF ETF based on the alternatives' overlap in portfolio holdings with VT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VT Expense: 8 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VT
Ticker Fund
Name		 Overlap1
vs VT
(%)		 Expense
ratio
(bp)		 Savings
vs VT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs VT
(%)
ACWI iShares MSCI ACWI ETF 83.5 32 -24 5.1 -0.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 73.6 20 -12 5.3 -0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 73.1 20 -12 5.3 -0.1
URTH iShares MSCI World ETF 72.8 24 -16 5.0 -0.4
TOK iShares MSCI Kokusai ETF 69.4 25 -17 4.9 -0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 69.4 9 -1 5.0 -0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 56.6 9 -1 5.1 -0.3
VTHR Vanguard Russell 3000 Index Fund 55.7 10 -2 4.4 -1.0
IWV iShares Russell 3000 ETF 55.6 20 -12 4.3 -1.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 55.6 25 -17 4.9 -0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 55.6 3 5 4.4 -1.0
SCHB Schwab U.S. Broad Market ETF 55.6 3 5 4.5 -0.9
VTI Vanguard Total Stock Market Index Fund 55.5 3 5 4.4 -1.0
QWLD SPDR MSCI World StrategicFactors ETF 53.7 30 -22 5.4 0.0
IYY iShares Dow Jones U.S. ETF 53.2 20 -12 4.4 -1.0
VONE Vanguard Russell 1000 ETF 52.9 8 0 4.6 -0.8
IWB iShares Russell 1000 ETF 52.9 15 -7 4.5 -0.9
SCHK Schwab 1000 Index ETF 52.7 5 3 4.6 -0.8
DFAU Dimensional US Core Equity Market ETF 51.6 12 -4 4.7 -0.7
SCHX Schwab U.S. Large-Cap ETF 51.3 3 5 4.6 -0.8
SPTM SPDR Portfolio Total Stock Market ETF 51.0 3 5 4.8 -0.6
JHML John Hancock Multifactor Large Cap ETF 50.7 29 -21 4.9 -0.5
PBUS Invesco PureBeta MSCI USA ETF 50.1 4 4 4.6 -0.8
AVUS Avantis U.S. Equity ETF 49.3 15 -7 4.8 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 49.2 2 6 4.6 -0.7
VV Vanguard Large-Cap Index Fund 48.8 4 4 4.6 -0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 48.2 7 1 4.5 -0.8
ESGV Vanguard ESG U.S. Stock ETF 48.0 12 -4 4.5 -0.9
SFY SoFi Select 500 ETF 47.4 0 8 4.6 -0.8
VOO VANGUARD S&P 500 ETF 46.9 3 5 4.8 -0.6
IVV iShares Core S&P 500 ETF 46.9 3 5 4.7 -0.6
SPLG SPDR Portfolio Large Cap ETF 46.9 3 5 4.7 -0.6
SPY SPDR S&P 500 ETF Trust 46.9 9 -1 4.7 -0.7
PBP Invesco S&P 500 BuyWrite ETF 46.9 49 -41 4.3 -1.1
XYLG Global X S&P 500 Covered Call & Growth ETF 46.9 60 -52 4.4 -1.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 46.5 42 -34 4.6 -0.8
SPXE ProShares S&P 500 Ex-Energy ETF 45.4 27 -19 4.6 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.1 20 -12 4.8 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 44.7 9 -1 4.8 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 44.5 12 -4 4.0 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 43.7 39 -31 5.7 +0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 43.4 25 -17 5.7 +0.3
ESGU iShares MSCI USA ESG Optimized ETF 42.3 15 -7 4.4 -1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 42.2 30 -22 5.3 -0.1
VLU SPDR S&P 1500 Value Tilt ETF 42.1 12 -4 6.2 +0.8
XVV iShares ESG Screened S&P 500 ETF 41.7 8 0 4.9 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 41.3 20 -12 4.6 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 41.3 8 0 5.9 +0.6
QUS SPDR MSCI USA StrategicFactors ETF 41.0 15 -7 5.3 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 40.7 27 -19 4.3 -1.0
VXUS Vanguard Total International Stock ETF 40.7 8 0 6.6 +1.3
MGC Vanguard Mega Cap Index Fund 40.5 7 1 4.6 -0.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 40.4 25 -17 5.7 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 40.1 27 -19 4.3 -1.1
IXUS ishares Core MSCI Total International Stock ETF 39.7 9 -1 6.4 +1.1
CATH Global X S&P 500 Catholic Values Custom ETF 39.6 29 -21 4.6 -0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 39.2 0 8 4.4 -0.9
IWL iShares Russell Top 200 ETF 38.9 15 -7 4.4 -1.0
RWL Invesco S&P 500 Revenue ETF 38.9 39 -31 6.3 +0.9
VEU Vanguard FTSE All-World ex-US Index Fund 38.4 8 0 6.7 +1.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 37.5 15 -7 4.7 -0.7
IUS Invesco Strategic US ETF 37.5 19 -11 5.5 +0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 36.7 30 -22 5.1 -0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 35.7 40 -32 6.1 +0.7
DIVB iShares U.S. Dividend & Buyback ETF 35.5 25 -17 5.9 +0.6
IQSU IQ Candriam ESG US Equity ETF 35.2 9 -1 4.5 -0.9
ACWX iShares MSCI ACWI ex U.S. ETF 35.1 32 -24 6.3 +0.9
SNPE Xtrackers S&P 500 ESG ETF 34.3 10 -2 4.6 -0.8
EFIV SPDR S&P 500 ESG ETF 34.3 10 -2 4.6 -0.8
IUSG iShares Core S&P US Growth ETF 34.2 4 4 3.6 -1.7
ESG FlexShares STOXX US ESG Impact Index Fund 33.7 32 -24 4.5 -0.9
SPXT ProShares S&P 500 Ex-Technology ETF 33.5 27 -19 4.9 -0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 32.6 9 -1 5.0 -0.4
IWF iShares Russell 1000 Growth ETF 32.4 19 -11 3.4 -2.0
IUSV iShares Core S&P U.S. Value ETF 32.3 4 4 6.5 +1.1
VONG Vanguard Russell 1000 Growth Index Fund 32.3 8 0 3.5 -1.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 32.2 60 -52 3.6 -1.8
EUSA iShares MSCI USA Equal Weighted ETF 32.2 15 -7 5.2 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 32.1 4 4 3.6 -1.7
IVW iShares S&P 500 Growth ETF 32.1 18 -10 3.5 -1.9
VOOG Vanguard S&P 500 Growth ETF 32.1 10 -2 3.9 -1.5
DTD WisdomTree U.S.Total Dividend Fund 31.7 28 -20 6.2 +0.9
VONV Vanguard Russell 1000 Value Index Fund 31.6 8 0 6.2 +0.8
SIZE iShares MSCI USA Size Factor ETF 31.4 15 -7 5.2 -0.2
IWD iShares Russell 1000 Value ETF 31.4 19 -11 6.1 +0.7
OEF iShares S&P 100 ETF 31.2 20 -12 4.2 -1.2
RSP Invesco S&P 500 Equal Weight ETF 31.0 20 -12 5.6 +0.3
VEA Vanguard FTSE Developed Markets ETF 30.9 5 3 6.6 +1.2
VSGX Vanguard ESG International Stock ETF 30.6 17 -9 6.3 +1.0
VOOV Vanguard S&P 500 Value ETF 30.3 10 -2 6.6 +1.3
SPYV SPDR Portfolio S&P 500 Value ETF 30.2 4 4 6.5 +1.1
IVE iShares S&P 500 Value ETF 30.2 18 -10 6.3 +1.0
RESP WisdomTree US ESG Fund of Benef Interest 30.1 28 -20 5.0 -0.3
CWI SPDR MSCI ACWI ex-US ETF 30.0 30 -22 6.2 +0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.9 15 -7 0.0 -5.4
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 29.7 50 -42 3.3 -2.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 29.7 75 -67 2.0 -3.3
KRMA Global X Conscious Companies ETF 29.7 43 -35 4.8 -0.5

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 Total World Stock ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.3 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.48
 
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.