Vanguard Total World Stock Index Fund
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.6x P/Sales
ratio
1.6x
P/BV
ratio
2.0x Div.
yield
2.3%


  • 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 26, 2008
Assets (mns) $13,140
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 8369
Wgt avg mkt cap (mns) $202,987
Large cap (>$10bn) 80.7%
Mid cap ($2-10bn) 15.2%
Small cap (<$2bn) 3.9%
Developed mkts 89.4%
Emerging mkts 10.3%

TOP TEN HOLDINGS
MICROSOFT CORP 2.7 %
APPLE INC 2.6 %
AMAZON.COM INC 2.0 %
FACEBOOK 1.0 %
ALPHABET INC. CLASS C 0.9 %
ALPHABET INC. CLASS A 0.8 %
JOHNSON & JOHNSON 0.8 %
ALIBABA GROUP HOLDING LTD. SPONSOR 0.7 %
VISA INC-CLASS A SHARES 0.7 %
NESTLE SA-REG 0.6 %
Total 12.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 54.8 %
JAPAN 7.5 %
BRITAIN 4.5 %
CHINA 3.6 %
SWITZERLAND 2.9 %
CANADA 2.8 %
FRANCE 2.5 %
GERMANY 2.3 %
AUSTRALIA 1.8 %
TAIWAN 1.6 %

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.
-9.7% 4.9% 5.3% 8.7% 5.5%

Market Correlations
versus... Beta R-squared
S&P500 0.95 96%
MSCI EAFE 1.02 94%
MSCI Emg. Mkts. 0.77 83%

Technical Indicators
Recent close $73.86
30d moving avg. $69.28
Annualized volatility 16.5%
Short interest (ETF) 0.4%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 2,279
Turnover 1.3%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $482,839

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard Total World Stock Index Fund 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™: 6.4%


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 83.3 32 -24 6.2 -0.2
URTH iShares MSCI World ETF 73.8 24 -16 5.9 -0.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 71.9 20 -12 6.5 +0.1
TOK iShares MSCI Kokusai ETF 71.1 25 -17 5.8 -0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 69.7 20 -12 6.5 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 56.9 9 -1 6.3 -0.1
VTHR Vanguard Russell 3000 Index Fund 56.6 10 -2 5.3 -1.1
VTI Vanguard Total Stock Market Index Fund 56.5 3 5 5.3 -1.1
IWV iShares Russell 3000 ETF 56.4 20 -12 5.2 -1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 56.3 3 5 5.3 -1.1
SCHB Schwab U.S. Broad Market ETF 56.3 3 5 5.4 -1.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 56.2 25 -17 6.3 -0.2
QWLD SPDR MSCI World StrategicFactors ETF 54.8 30 -22 6.2 -0.3
IYY iShares Dow Jones U.S. ETF 54.8 20 -12 5.3 -1.1
SCHK Schwab 1000 Index ETF 54.3 5 3 5.4 -1.0
VONE Vanguard Russell 1000 ETF 54.0 8 0 5.4 -1.0
IWB iShares Russell 1000 ETF 53.9 15 -7 5.3 -1.1
SPTM SPDR Portfolio Total Stock Market ETF 52.6 3 5 5.7 -0.8
SCHX Schwab U.S. Large-Cap ETF 52.5 3 5 5.5 -1.0
JHML John Hancock Multifactor Large Cap ETF 52.1 34 -26 5.6 -0.8
PBUS Invesco PureBeta MSCI USA ETF 51.4 4 4 5.4 -1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 50.7 2 6 5.5 -0.9
VV Vanguard Large-Cap Index Fund 50.4 4 4 5.4 -1.0
AVUS Avantis U.S. Equity ETF 50.4 15 -7 5.9 -0.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 49.2 42 -34 5.7 -0.7
SFY SoFi Select 500 ETF 49.2 0 8 5.4 -1.1
VOO VANGUARD S&P 500 ETF 48.7 3 5 5.6 -0.8
SPLG SPDR Portfolio Large Cap ETF 48.6 3 5 5.6 -0.8
IVV iShares Core S&P 500 ETF 48.6 4 4 5.6 -0.9
SPY SPDR S&P 500 ETF Trust 48.6 9 -1 5.5 -0.9
PBP Invesco S&P 500 BuyWrite ETF 48.6 49 -41 5.1 -1.3
HSPX Global X S&P 500 Covered Call ETF 48.5 65 -57 5.0 -1.4
ESGV Vanguard ESG U.S. Stock ETF 48.0 12 -4 5.4 -1.1
SPXE ProShares S&P 500 Ex-Energy ETF 47.2 27 -19 5.5 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 47.1 20 -12 5.6 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 46.6 25 -17 6.6 +0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 46.3 9 -1 5.6 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 45.7 39 -31 6.9 +0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 45.6 12 -4 5.1 -1.3
VLU SPDR S&P 1500 Value Tilt ETF 44.3 12 -4 7.5 +1.1
EPS WisdomTree U.S. Earnings 500 Fund 44.3 8 0 6.6 +0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 43.7 25 -17 6.7 +0.2
MGC Vanguard Mega Cap Index Fund 43.0 7 1 5.4 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 42.8 15 -7 5.9 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 42.3 27 -19 5.2 -1.2
RWL Invesco S&P 500 Revenue ETF 41.9 39 -31 6.9 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 41.7 20 -12 5.1 -1.3
SPXV ProShares S&P 500 Ex-Health Care ETF 41.2 27 -19 5.2 -1.2
CATH Global X S&P 500 Catholic Values Custom ETF 41.1 29 -21 5.4 -1.0
ESGU iShares MSCI USA ESG Optimized ETF 40.5 15 -7 5.2 -1.2
IUS Invesco Strategic US ETF 40.3 19 -11 6.3 -0.1
IWL iShares Russell Top 200 ETF 40.2 15 -7 5.2 -1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 40.0 30 -22 6.8 +0.4
VXUS Vanguard Total International Stock Index Fund 39.9 8 0 7.9 +1.5
IXUS ishares Core MSCI Total International Stock ETF 38.8 9 -1 7.8 +1.4
IUSG iShares Core S&P US Growth ETF 37.6 4 4 4.5 -1.9
VEU Vanguard FTSE All-World ex-US Index Fund 37.5 8 0 8.0 +1.6
DIVB iShares U.S. Dividend & Buyback ETF 37.2 25 -17 6.6 +0.2
SNPE Xtrackers S&P 500 ESG ETF 37.2 11 -3 5.3 -1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 36.4 29 -21 6.2 -0.2
DTD WisdomTree U.S.Total Dividend Fund 36.1 28 -20 6.7 +0.3
SPXT ProShares S&P 500 Ex-Technology ETF 35.9 27 -19 5.7 -0.7
IQSU IQ Candriam ESG US Equity ETF 35.7 9 -1 5.3 -1.1
VONG Vanguard Russell 1000 Growth Index Fund 35.6 8 0 4.5 -2.0
IWF iShares Russell 1000 Growth ETF 35.6 19 -11 4.4 -2.1
SPYG SPDR Portfolio S&P 500 Growth ETF 35.5 4 4 4.5 -1.9
IVW iShares S&P 500 Growth ETF 35.5 18 -10 4.4 -2.0
VOOG Vanguard S&P 500 Growth ETF 35.4 10 -2 4.5 -2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 35.1 40 -32 7.6 +1.2
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 35.0 29 -21 4.4 -2.0
ACWX iShares MSCI ACWI ex U.S. ETF 34.4 32 -24 7.7 +1.3
EUSA iShares MSCI USA Equal Weighted ETF 33.3 15 -7 6.2 -0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 33.1 28 -20 6.5 +0.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 33.1 9 -1 6.0 -0.4
SIZE iShares Edge MSCI USA Size Factor ETF 32.6 15 -7 6.0 -0.4
ESG FlexShares STOXX US ESG Impact Index Fund 32.4 32 -24 5.3 -1.2
OEF iShares S&P 100 ETF 32.1 20 -12 5.0 -1.4
RSP Invesco S&P 500 Equal Weight ETF 31.7 20 -12 6.9 +0.5
VEA Vanguard FTSE Developed Markets ETF 31.4 5 3 7.6 +1.2
DGRO iShares Core Dividend Growth ETF 31.4 8 0 6.6 +0.2
EXT WisdomTree U.S. Total Earnings Fund 31.3 28 -20 5.9 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 31.2 60 -52 4.6 -1.8
IUSV iShares Core S&P U.S. Value ETF 30.9 4 4 7.5 +1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 30.5 15 -7 6.4 +0.0
AFLG First Trust Active Factor Large Cap ETF 30.5 55 -47 5.6 -0.8
DGT SPDR Global Dow ETF 30.2 50 -42 7.0 +0.6
RNLC Large Cap US Equity Select ETF 29.9 60 -52 6.3 -0.1
SCHG Schwab U.S. Large-Cap Growth ETF 29.6 4 4 4.3 -2.1
KRMA Global X Conscious Companies ETF 29.6 43 -35 5.4 -1.1
SPDW SPDR Portfolio Developed World ex-US ETF 29.5 4 4 7.4 +1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 29.2 39 -31 9.4 +2.9
VOOV Vanguard S&P 500 Value ETF 29.2 15 -7 7.3 +0.9
SPYV SPDR Portfolio S&P 500 Value ETF 29.1 4 4 7.4 +1.0
IVE iShares S&P 500 Value ETF 29.1 18 -10 7.3 +0.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 29.0 35 -27 5.9 -0.5
IDEV iShares Core MSCI International Developed Markets ETF 28.9 5 3 7.5 +1.1
RECS Columbia Research Enhanced Core ETF 28.9 15 -7 5.7 -0.7
ROUS Hartford Multifactor US Equity ETF 28.7 19 -11 7.3 +0.9
SCHF Schwab International Equity ETF 28.7 6 2 7.6 +1.2
VSGX Vanguard ESG International Stock ETF 28.7 17 -9 7.6 +1.2

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 Index Fund
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 12.2 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 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.