Vanguard Value Index Fund
ALTAR
Score™
7.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
14.3x P/Sales
ratio
1.6x
P/BV
ratio
2.1x Div.
yield
2.8%


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

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group
Website www.vanguard.com
Inception date Jan 30, 2004
Assets (mns) $54,846
Currency USD
Expense ratio 4 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian JPMorgan Chase Bank
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 333
Wgt avg mkt cap (mns) $156,840
Large cap (>$10bn) 97.0%
Mid cap ($2-10bn) 3.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 3.3 %
JPMORGAN CHASE & CO 3.0 %
JOHNSON & JOHNSON 2.9 %
PROCTER & GAMBLE CO/THE 2.3 %
UNITEDHEALTH GROUP INC 2.1 %
AT&T INC 2.1 %
INTEL CORP 2.1 %
BANK OF AMERICA CORP 2.0 %
WALT DISNEY CO/THE 1.8 %
EXXON MOBIL CORP 1.8 %
Total 23.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
IRELAND 2.7 %
SWITZERLAND 0.8 %
BRITAIN 0.5 %
BERMUDA 0.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.5% 14.5% 10.4% 12.5% 8.4%

Market Correlations
versus... Beta R-squared
S&P500 0.95 93%
MSCI EAFE 0.90 68%
MSCI Emg. Mkts. 0.61 54%

Technical Indicators
Recent close $116.36
30d moving avg. $120.03
Annualized volatility 12.0%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.1%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1,603
Turnover 0.3%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $68,819

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Vanguard Value Index Fund ETF based on the alternatives' overlap in portfolio holdings with VTV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VTV Expense: 4 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VTV
Ticker Fund
Name
Overlap1
vs VTV
(%)
Expense
ratio
(bp)
Savings
vs VTV
(bp)
ALTAR
Score™
(%)
ALTAR
vs VTV
(%)
MGV Vanguard Mega Cap Value ETF 85.5 7 -3 7.2 -0.1
SCHV Schwab U.S. Large-Cap Value ETF 79.7 4 0 7.1 -0.2
VOOV Vanguard S&P 500 Value ETF 76.7 15 -11 7.2 -0.2
IVE iShares S&P 500 Value ETF 76.6 18 -14 7.2 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 76.6 4 0 7.3 -0.1
VONV Vanguard Russell 1000 Value Index Fund 76.2 8 -4 7.0 -0.3
IUSV iShares Core S&P U.S. Value ETF 75.5 4 0 7.3 -0.0
IWD iShares Russell 1000 Value ETF 74.8 19 -15 6.9 -0.4
OYLD Invesco Russell 1000 Yield Factor ETF 65.7 19 -15 7.4 +0.0
OVOL Invesco Russell 1000 Low Volatility Factor ETF 64.2 19 -15 6.6 -0.8
IWX iShares Russell Top 200 Value ETF 64.1 20 -16 7.0 -0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 63.9 28 -24 6.7 -0.7
VYM Vanguard High Dividend Yield Index ETF 63.5 6 -2 7.4 +0.0
PRF Invesco FTSE RAFI US 1000 ETF 61.5 39 -35 6.6 -0.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 61.0 25 -21 5.8 -1.6
DTD WisdomTree U.S.Total Dividend Fund 60.4 28 -24 6.8 -0.5
SPXT ProShares S&P 500 Ex-Technology ETF 59.8 27 -23 6.0 -1.4
EPS WisdomTree U.S. Earnings 500 Fund 58.9 8 -4 7.0 -0.4
DGRO iShares Core Dividend Growth ETF 58.7 8 -4 6.6 -0.8
DIVB iShares U.S. Dividend & Buyback ETF 57.5 25 -21 6.9 -0.4

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 Value 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 15.0 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.56
 
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.