Vanguard Value Index Fund
ALTAR
Score™		 6.6% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 20.4x P/Sales
ratio		 1.9x
P/BV
ratio		 2.4x Div.
yield		 2.5%


  • 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 26, 2004
Assets (mns) $63,568
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 327
Wgt avg mkt cap (mns) $161,127
Large cap (>$10bn) 98.5%
Mid cap ($2-10bn) 1.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 3.0 %
BERKSHIRE HATHAWAY INC-CL B 3.0 %
JPMORGAN CHASE & CO 2.9 %
UNITEDHEALTH GROUP INC 2.3 %
PROCTER & GAMBLE CO/THE 2.3 %
WALT DISNEY CO/THE 2.2 %
BANK OF AMERICA CORP 1.7 %
VERIZON COMMUNICATIONS INC 1.7 %
INTEL CORP 1.6 %
COMCAST CORP-CL A 1.6 %
Total 22.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %
IRELAND 2.3 %
SWITZERLAND 0.9 %
BRITAIN 0.5 %
BERMUDA 0.2 %






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.
2.3% 2.3% 10.7% 11.2% 8.2%

Market Correlations
versus... Beta R-squared
S&P500 0.97 94%
MSCI EAFE 0.94 87%
MSCI Emg. Mkts. 0.75 71%

Technical Indicators
Recent close $121.45
30d moving avg. $120.01
Annualized volatility 18.9%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 2,466
Turnover 0.5%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $106,369

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 6.6%


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
(%)
VOOV Vanguard S&P 500 Value ETF 84.1 10 -6 6.6 +0.1
MGV Vanguard Mega Cap Value ETF 83.9 7 -3 6.5 -0.1
SPYV SPDR Portfolio S&P 500 Value ETF 77.5 4 0 6.5 -0.1
IVE iShares S&P 500 Value ETF 77.4 18 -14 6.3 -0.2
VONV Vanguard Russell 1000 Value Index Fund 73.5 8 -4 6.2 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 73.1 4 0 6.1 -0.5
IUSV iShares Core S&P U.S. Value ETF 72.6 4 0 6.5 -0.1
IWD iShares Russell 1000 Value ETF 69.9 19 -15 6.1 -0.5
IWX iShares Russell Top 200 Value ETF 66.1 20 -16 6.1 -0.5
VYM Vanguard High Dividend Yield Index ETF 65.9 6 -2 6.7 +0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 60.3 28 -24 6.1 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 59.2 25 -21 5.7 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 59.1 39 -35 5.7 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 57.9 27 -23 4.9 -1.7
DIVB iShares U.S. Dividend & Buyback ETF 57.5 25 -21 5.9 -0.6
DTD WisdomTree U.S.Total Dividend Fund 57.1 28 -24 6.2 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 56.7 8 -4 5.9 -0.6
JKF iShares Morningstar Large Cap Value ETF 55.8 25 -21 6.7 +0.1
DGRO iShares Core Dividend Growth ETF 55.7 8 -4 6.0 -0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 55.1 25 -21 5.7 -0.9
RWL Invesco S&P 500 Revenue ETF 54.0 39 -35 6.3 -0.3
VLU SPDR S&P 1500 Value Tilt ETF 53.6 12 -8 6.2 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 52.4 15 -11 5.3 -1.3
RAFE PIMCO RAFI ESG U.S. ETF 51.5 30 -26 6.7 +0.2
IUS Invesco Strategic US ETF 49.8 19 -15 5.5 -1.1
ESG FlexShares STOXX US ESG Impact Index Fund 48.8 32 -28 4.5 -2.1
ESGV Vanguard ESG U.S. Stock ETF 48.6 12 -8 4.5 -2.1
NACP Impact Shares NAACP Minority Empowerment ETF 48.5 49 -45 4.7 -1.9
EQWL Invesco Russell Top 200 Equal Weight ETF 47.9 25 -21 5.6 -0.9
PBP Invesco S&P 500 BuyWrite ETF 47.8 49 -45 4.3 -2.3
JHML John Hancock Multifactor Large Cap ETF 47.4 29 -25 4.9 -1.7
XYLG Global X S&P 500 Covered Call & Growth ETF 47.3 60 -56 4.4 -2.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 46.5 20 -16 4.8 -1.8
SPY SPDR S&P 500 ETF Trust 46.3 9 -5 4.7 -1.9
SPLG SPDR Portfolio Large Cap ETF 46.3 3 1 4.7 -1.8
IVV iShares Core S&P 500 ETF 46.2 3 1 4.7 -1.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 45.7 15 -11 4.7 -1.9
PFM Invesco Dividend Achievers ETF 45.5 53 -49 5.0 -1.5
VOO VANGUARD S&P 500 ETF 45.4 3 1 4.8 -1.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 45.4 20 -16 4.6 -2.0
MGC Vanguard Mega Cap Index Fund 45.1 7 -3 4.6 -2.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 44.9 7 -3 4.5 -2.0
SPXE ProShares S&P 500 Ex-Energy ETF 44.9 27 -23 4.6 -2.0
VV Vanguard Large-Cap Index Fund 44.8 4 0 4.6 -2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.4 2 2 4.6 -1.9
OEF iShares S&P 100 ETF 44.1 20 -16 4.2 -2.4
EFIV SPDR S&P 500 ESG ETF 44.0 10 -6 4.6 -2.0
SNPE Xtrackers S&P 500 ESG ETF 44.0 10 -6 4.6 -2.0
PBUS Invesco PureBeta MSCI USA ETF 44.0 4 0 4.6 -2.0
FDRR Fidelity Dividend ETF for Rising Rates 43.9 29 -25 5.9 -0.6
CATH Global X S&P 500 Catholic Values Custom ETF 43.5 29 -25 4.6 -2.0
JVAL JPMorgan U.S. Value Factor ETF 43.1 12 -8 7.1 +0.6
IWL iShares Russell Top 200 ETF 43.1 15 -11 4.4 -2.2
SFY SoFi Select 500 ETF 43.1 0 4 4.6 -2.0
SCHX Schwab U.S. Large-Cap ETF 43.0 3 1 4.6 -2.0
RSP Invesco S&P 500 Equal Weight ETF 42.9 20 -16 5.6 -0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 42.6 30 -26 5.3 -1.3
XVV iShares ESG Screened S&P 500 ETF 42.5 8 -4 4.9 -1.7
SPTM SPDR Portfolio Total Stock Market ETF 42.3 3 1 4.8 -1.8
ESGU iShares MSCI USA ESG Optimized ETF 42.3 15 -11 4.4 -2.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 42.1 9 -5 5.0 -1.6
RNLC Large Cap US Equity Select ETF 42.1 60 -56 5.2 -1.3
SPXV ProShares S&P 500 Ex-Health Care ETF 42.1 27 -23 4.3 -2.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 41.8 10 -6 4.8 -1.7
SCHK Schwab 1000 Index ETF 41.8 5 -1 4.6 -2.0
SUSL iShares ESG MSCI USA Leaders ETF 41.8 10 -6 4.8 -1.7
IWB iShares Russell 1000 ETF 41.5 15 -11 4.5 -2.1
BKLC BNY Mellon US Large Cap Core Equity ETF 41.5 0 4 4.4 -2.1
IYY iShares Dow Jones U.S. ETF 41.4 20 -16 4.4 -2.1
IQSU IQ Candriam ESG US Equity ETF 41.0 9 -5 4.5 -2.1
RNDV US Equity Dividend Select ETF 41.0 50 -46 7.3 +0.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 41.0 28 -24 6.0 -0.6
SPXN ProShares S&P 500 Ex-Financials ETF 41.0 27 -23 4.3 -2.2
DFAU Dimensional US Core Equity Market ETF 40.5 12 -8 4.7 -1.9
VTHR Vanguard Russell 3000 Index Fund 40.2 10 -6 4.4 -2.2
FTA First Trust Large Cap Value AlphaDEX Fund 40.2 60 -56 7.4 +0.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 39.5 19 -15 5.3 -1.3
EUSA iShares MSCI USA Equal Weighted ETF 39.4 15 -11 5.2 -1.4
OUSA O'Shares FTSE US Quality Dividend ETF 39.4 48 -44 5.5 -1.1
WOMN Impact Shares YWCA Women's Empowerment ETF 39.1 75 -71 3.5 -3.0
SCHB Schwab U.S. Broad Market ETF 38.9 3 1 4.5 -2.1
IWV iShares Russell 3000 ETF 38.7 20 -16 4.3 -2.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 38.7 3 1 4.4 -2.2
SIZE iShares MSCI USA Size Factor ETF 38.6 15 -11 5.2 -1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 38.3 30 -26 5.1 -1.5
ROUS Hartford Multifactor US Equity ETF 38.2 19 -15 5.8 -0.7
XLG Invesco S&P 500 Top 50 ETF 38.1 20 -16 4.0 -2.5
VONE Vanguard Russell 1000 ETF 38.0 8 -4 4.6 -2.0
DSI iShares MSCI KLD 400 Social ETF 37.9 25 -21 4.6 -2.0
VTI Vanguard Total Stock Market Index Fund 37.8 3 1 4.4 -2.1
AVUS Avantis U.S. Equity ETF 37.7 15 -11 4.8 -1.7
VFVA Vanguard U.S. Value Factor ETF 37.4 14 -10 8.5 +1.9
HLAL Wahed FTSE USA Shariah ETF 37.1 50 -46 3.8 -2.8
REVS Columbia Research Enhanced Value ETF 37.1 19 -15 6.7 +0.2
FVAL Fidelity Value Factor ETF 36.7 29 -25 6.8 +0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.6 15 -11 0.0 -6.6

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 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 14.6 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.49
 
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.