Vanguard Value Index Fund
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.4x P/Sales
ratio
1.6x
P/BV
ratio
2.0x Div.
yield
3.0%


  • 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) $50,513
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 336
Wgt avg mkt cap (mns) $141,391
Large cap (>$10bn) 95.1%
Mid cap ($2-10bn) 4.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 3.4 %
BERKSHIRE HATHAWAY INC-CL B 3.1 %
JPMORGAN CHASE & CO 2.5 %
PROCTER & GAMBLE CO/THE 2.5 %
UNITEDHEALTH GROUP INC 2.5 %
INTEL CORP 2.4 %
VERIZON COMMUNICATIONS INC 2.1 %
AT&T INC 2.0 %
WALT DISNEY CO/THE 1.8 %
PFIZER INC 1.8 %
Total 24.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
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 May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.7% 0.1% 6.2% 10.7% 7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.99 95%
MSCI EAFE 1.03 88%
MSCI Emg. Mkts. 0.76 74%

Technical Indicators
Recent close $104.71
30d moving avg. $97.72
Annualized volatility 17.2%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.1%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 2,721
Turnover 0.6%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $109,636

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 7.2%


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 86.6 7 -3 7.0 -0.1
SCHV Schwab U.S. Large-Cap Value ETF 79.2 4 0 7.0 -0.2
VOOV Vanguard S&P 500 Value ETF 75.7 15 -11 7.1 -0.1
SPYV SPDR Portfolio S&P 500 Value ETF 75.7 4 0 7.2 +0.0
IVE iShares S&P 500 Value ETF 75.7 18 -14 7.1 -0.1
IUSV iShares Core S&P U.S. Value ETF 74.5 4 0 7.3 +0.1
IWD iShares Russell 1000 Value ETF 73.8 19 -15 6.9 -0.3
VONV Vanguard Russell 1000 Value Index Fund 73.7 8 -4 7.0 -0.1
VYM Vanguard High Dividend Yield Index ETF 64.5 6 -2 7.1 -0.1
IWX iShares Russell Top 200 Value ETF 63.7 20 -16 6.9 -0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 62.8 28 -24 6.3 -0.9
DTD WisdomTree U.S.Total Dividend Fund 60.2 28 -24 6.5 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 59.8 39 -35 6.7 -0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 59.6 25 -21 6.4 -0.7
DGRO iShares Core Dividend Growth ETF 57.6 8 -4 6.4 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 56.6 27 -23 5.6 -1.6
RAFE PIMCO RAFI ESG U.S. ETF 56.5 29 -25 7.6 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 56.4 8 -4 6.4 -0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 56.3 25 -21 6.4 -0.7
DIVB iShares U.S. Dividend & Buyback ETF 55.0 25 -21 6.4 -0.8
USDY Pacific Global US Equity Income ETF 55.0 29 -25 7.6 +0.4
VLU SPDR S&P 1500 Value Tilt ETF 52.9 12 -8 7.0 -0.1
IUS Invesco Strategic US ETF 51.0 19 -15 6.1 -1.0
RWL Invesco S&P 500 Revenue ETF 50.7 39 -35 6.7 -0.5
PBP Invesco S&P 500 BuyWrite ETF 50.3 49 -45 5.1 -2.1
ESG FlexShares STOXX US ESG Impact Index Fund 49.2 32 -28 5.1 -2.0
HSPX Global X S&P 500 Covered Call ETF 49.0 65 -61 4.9 -2.3
OUSA O'Shares FTSE US Quality Dividend ETF 49.0 48 -44 5.6 -1.5
QUS SPDR MSCI USA StrategicFactors ETF 48.4 15 -11 5.8 -1.4
JKF iShares Morningstar Large Cap Value ETF 48.1 25 -21 7.5 +0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 47.0 30 -26 6.6 -0.5
OEF iShares S&P 100 ETF 46.7 20 -16 4.9 -2.3
JHML John Hancock Multifactor Large Cap ETF 46.6 34 -30 5.5 -1.7
PFM Invesco Dividend Achievers ETF 46.4 54 -50 5.3 -1.9
SPLG SPDR Portfolio Large Cap ETF 46.3 3 1 5.5 -1.7
IVV iShares Core S&P 500 ETF 46.2 4 0 5.4 -1.7
SPY SPDR S&P 500 ETF Trust 46.2 9 -5 5.4 -1.8
MGC Vanguard Mega Cap Index Fund 46.2 7 -3 5.3 -1.9
VOO VANGUARD S&P 500 ETF 46.1 3 1 5.5 -1.7
VV Vanguard Large-Cap Index Fund 46.1 4 0 5.3 -1.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.6 20 -16 5.4 -1.7
EQWL Invesco Russell Top 200 Equal Weight ETF 45.5 25 -21 5.9 -1.3
IWL iShares Russell Top 200 ETF 45.3 15 -11 5.1 -2.0
SPXE ProShares S&P 500 Ex-Energy ETF 44.9 27 -23 5.4 -1.8
PBUS Invesco PureBeta MSCI USA ETF 44.9 4 0 5.3 -1.9
FDRR Fidelity Dividend ETF for Rising Rates 44.9 29 -25 6.9 -0.3
JVAL JPMorgan U.S. Value Factor ETF 44.8 12 -8 8.6 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.6 2 2 5.4 -1.8
SNPE Xtrackers S&P 500 ESG ETF 44.6 11 -7 5.2 -2.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 44.3 20 -16 5.0 -2.2
SCHX Schwab U.S. Large-Cap ETF 43.8 3 1 5.3 -1.8
CATH Global X S&P 500 Catholic Values Custom ETF 43.4 29 -25 5.3 -1.9
SUSL iShares ESG MSCI USA Leaders ETF 43.3 10 -6 5.4 -1.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 43.1 10 -6 5.4 -1.8
RECS Columbia Research Enhanced Core ETF 43.0 15 -11 5.6 -1.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 42.9 29 -25 6.1 -1.1
XLG Invesco S&P 500 Top 50 ETF 42.8 20 -16 4.7 -2.5
SPTM SPDR Portfolio Total Stock Market ETF 42.8 3 1 5.5 -1.6
SPXN ProShares S&P 500 Ex-Financials ETF 42.6 27 -23 5.1 -2.1
IWB iShares Russell 1000 ETF 42.6 15 -11 5.2 -1.9
ROUS Hartford Multifactor US Equity ETF 42.5 19 -15 7.1 -0.1
SFY SoFi Select 500 ETF 42.5 0 4 5.3 -1.9
SCHK Schwab 1000 Index ETF 42.3 5 -1 5.3 -1.9
VONE Vanguard Russell 1000 ETF 42.3 8 -4 5.3 -1.9
NACP Impact Shares NAACP Minority Empowerment ETF 42.0 75 -71 4.5 -2.7
IYY iShares Dow Jones U.S. ETF 41.9 20 -16 5.2 -2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 41.5 27 -23 5.1 -2.1
ESGU iShares MSCI USA ESG Optimized ETF 41.1 15 -11 5.1 -2.1
RNDV US Equity Dividend Select ETF 41.0 50 -46 7.5 +0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 40.9 75 -71 4.5 -2.7
VTI Vanguard Total Stock Market Index Fund 40.4 3 1 5.2 -2.0
SCHB Schwab U.S. Broad Market ETF 40.3 3 1 5.3 -1.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 40.2 3 1 5.2 -2.0
IWV iShares Russell 3000 ETF 40.1 20 -16 5.1 -2.1
REVS Columbia Research Enhanced Value ETF 40.0 19 -15 7.4 +0.2
VTHR Vanguard Russell 3000 Index Fund 39.9 10 -6 5.2 -2.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 39.9 12 -8 4.8 -2.3
RNLC Large Cap US Equity Select ETF 39.4 60 -56 6.1 -1.1
DSI iShares MSCI KLD 400 Social ETF 39.4 25 -21 5.2 -2.0
AVUS Avantis U.S. Equity ETF 39.3 15 -11 5.7 -1.5
IQSU IQ Candriam ESG US Equity ETF 38.8 9 -5 5.2 -1.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 38.4 15 -11 6.3 -0.9
FVAL Fidelity Value Factor ETF 38.3 29 -25 8.0 +0.8
RSP Invesco S&P 500 Equal Weight ETF 38.1 20 -16 6.7 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 38.0 9 -5 5.5 -1.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 37.8 9 -5 5.8 -1.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 37.2 25 -21 6.1 -1.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 36.8 75 -71 6.0 -1.2
QDEF FlexShares Quality Dividend Defensive Index Fund 36.7 37 -33 6.2 -1.0
HLAL Wahed FTSE USA Shariah ETF 36.6 50 -46 4.6 -2.6
USMV iShares Edge MSCI Min Vol USA ETF 36.1 15 -11 5.6 -1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 35.6 19 -15 5.6 -1.6
QDF FlexShares Quality Dividend Index Fund 35.5 37 -33 6.8 -0.4
EUSA iShares MSCI USA Equal Weighted ETF 35.5 15 -11 5.9 -1.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 35.2 28 -24 6.5 -0.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 35.1 19 -15 6.1 -1.0
SCIU Global X Scientific Beta US ETF 35.0 19 -15 5.6 -1.5
PWV Invesco Dynamic Large Cap Value ETF 34.9 55 -51 8.1 +0.9
FLQL Franklin LibertyQ U.S. Equity ETF 34.8 15 -11 6.2 -1.0
FDVV Fidelity Core Dividend ETF 34.7 29 -25 7.2 -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%.

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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 13.9 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.53
 
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.