Vanguard Russell 2000 Growth Index Fund
ALTAR
Score™
0.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
186.8x P/Sales
ratio
2.1x
P/BV
ratio
5.1x Div.
yield
0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Russell 2000 Growth is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Russell 2000 Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Sep 20, 2010
Assets (mns) $363
Currency USD
Expense ratio 15 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1114
Wgt avg mkt cap (mns) $2,345
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 61.1%
Small cap (<$2bn) 36.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SUNRUN INC. 0.8 %
CHURCHILL DOWNS INC 0.6 %
LHC GROUP INC 0.6 %
IRHYTHM TECHNOLOGIES, INC. 0.6 %
DECKERS OUTDOOR CORP 0.6 %
MIRATI THERAPEUTICS INC 0.6 %
RH 0.5 %
MYOKARDIA, INC. 0.5 %
MOMENTA PHARMACEUTICALS INC 0.5 %
TOPBUILD CORP 0.5 %
Total 5.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 84.0 %
BERMUDA 0.6 %
CANADA 0.5 %
BRITAIN 0.4 %
NETHERLANDS 0.4 %
CAYMAN ISLANDS 0.3 %
PUERTO RICO 0.2 %
ISRAEL 0.1 %
IRELAND 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
4.0% 15.9% 11.5% -- 12.4%

Market Correlations
versus... Beta R-squared
S&P500 1.23 87%
MSCI EAFE 1.26 75%
MSCI Emg. Mkts. 0.89 60%

Technical Indicators
Recent close $161.32
30d moving avg. $161.53
Annualized volatility 23.3%
Short interest (ETF) 0.1%
Short interest (Underlying) 8.3%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.4%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $3,079

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard Russell 2000 Growth Index Fund ETF based on the alternatives' overlap in portfolio holdings with VTWG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VTWG Expense: 15 bp ALTAR Score™: 0.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VTWG
Ticker Fund
Name
Overlap1
vs VTWG
(%)
Expense
ratio
(bp)
Savings
vs VTWG
(bp)
ALTAR
Score™
(%)
ALTAR
vs VTWG
(%)
IWO iShares Russell 2000 Growth ETF 86.5 24 -9 -0.1 -0.2
IWM iShares Russell 2000 ETF 56.8 19 -4 3.5 +3.4
VTWO Vanguard Russell 2000 Index Fund 55.2 10 5 3.8 +3.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 47.5 20 -5 5.1 +5.0
SCHA Schwab U.S. Small-Cap ETF 40.9 4 11 5.0 +4.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 39.4 29 -14 0.2 +0.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 38.1 29 -14 5.3 +5.2
JKK iShares Morningstar Small-Cap Growth ETF 36.9 30 -15 1.1 +1.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 31.2 6 9 5.4 +5.3
BKSE BNY Mellon US Small Cap Core Equity ETF 30.9 4 11 5.9 +5.8
JHSC John Hancock Multifactor Small Cap ETF 29.5 42 -27 5.9 +5.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 29.5 17 -2 5.0 +4.9
FYX First Trust Small Cap Core AlphaDEX Fund 29.2 63 -48 6.5 +6.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 28.1 35 -20 6.2 +6.1
VBK Vanguard Small-Cap Growth Index Fund 27.5 7 8 2.4 +2.3
FYC First Trust Small Cap Growth AlphaDEX Fund 27.3 70 -55 2.0 +1.9
VIOO Vanguard S&P Small-Cap 600 ETF 26.9 10 5 7.3 +7.2
SPSM SPDR Portfolio Small Cap ETF 26.2 5 10 7.4 +7.3
SLY SPDR S&P 600 Small Cap ETF 26.2 15 0 7.3 +7.2
IJR iShares Core S&P Small Cap ETF 26.1 6 9 7.4 +7.3
AFSM First Trust Active Factor Small Cap ETF 25.8 75 -60 5.7 +5.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 25.7 39 -24 4.8 +4.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 24.6 16 -1 5.6 +5.5
SLYG SPDR S&P 600 Small Cap Growth ETF 23.8 15 0 5.6 +5.5
IJT iShares S&P Small-Cap 600 Growth ETF 23.8 25 -10 5.5 +5.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 22.8 24 -9 6.7 +6.6
FSMD Fidelity Small-Mid Factor ETF 22.6 29 -14 6.5 +6.4
NUSC Nuveen ESG Small-Cap ETF 22.0 40 -25 5.0 +4.9
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 21.9 40 -25 7.7 +7.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 21.9 66 -51 2.4 +2.3
ISMD Inspire Small/Mid Cap Impact ETF 21.4 60 -45 6.4 +6.3
VB Vanguard Small-Cap ETF 21.2 5 10 5.5 +5.4
DWAS Invesco DWA SmallCap Momentum ETF 21.0 60 -45 -2.1 -2.2
IUSS Invesco Strategic US Small Company ETF 20.8 23 -8 5.4 +5.3
TPSC Timothy Plan US Small Cap Core ETF 20.7 52 -37 8.4 +8.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 20.4 35 -20 8.3 +8.2
SSLY Syntax Stratified SmallCap ETF 20.0 30 -15 6.9 +6.8
VFMO Vanguard U.S. Momentum Factor ETF 19.9 13 2 0.8 +0.7
VXF Vanguard Extended Market Index Fund 19.8 6 9 3.6 +3.5
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 19.3 35 -20 8.3 +8.2
CSML IQ Chaikin U.S. Small Cap ETF 18.4 35 -20 4.1 +4.0
BTEC Principal Healthcare Innovators Index ETF 18.2 42 -27 -2.3 -2.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 17.8 30 -15 7.9 +7.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 17.4 25 -10 7.7 +7.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 17.2 70 -55 2.1 +2.0
PSC Principal U.S. Small Cap Index ETF 16.8 38 -23 7.1 +7.0
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 16.2 20 -5 4.8 +4.7
EES WisdomTree SmallCap Earnings Fund 15.4 38 -23 10.8 +10.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 15.2 39 -24 7.6 +7.5
JKJ iShares Morningstar Small-Cap ETF 15.1 25 -10 6.6 +6.5
IJK iShares S&P Mid-Cap 400 Growth ETF 14.9 24 -9 5.1 +5.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 14.9 15 0 5.2 +5.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 14.3 40 -25 7.6 +7.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 14.0 35 -20 6.1 +6.0
IJH iShares Core S&P Mid-Cap ETF 13.9 5 10 6.8 +6.7
MDY SPDR S&P Midcap 400 ETF Trust 13.9 23 -8 6.7 +6.6
SPMD SPDR Portfolio Mid Cap ETF 13.9 5 10 6.8 +6.7
IEIH iShares Evolved U.S. Innovative Healthcare ETF 13.8 18 -3 3.3 +3.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 13.8 12 3 7.8 +7.7
SMDY Syntax Stratified MidCap ETF 13.8 30 -15 7.0 +6.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 13.7 15 0 5.1 +5.0
FNX First Trust Mid Cap Core AlphaDEX Fund 13.6 61 -46 6.7 +6.6
XBI SPDR S&P BIOTECH ETF 13.0 35 -20 -2.3 -2.4
DES WisdomTree U.S. SmallCap Dividend Fund 12.9 38 -23 8.9 +8.8
VBR Vanguard Small Cap Value Index Fund 12.9 7 8 8.5 +8.4
VFQY Vanguard U.S. Quality Factor ETF 12.8 13 2 6.6 +6.5
IBB iShares NASDAQ Biotechnology ETF 12.8 46 -31 0.5 +0.4
IBBJ Defiance Nasdaq Junior Biotechnology ETF 12.8 45 -30 -2.2 -2.3
VFLQ Vanguard U.S. Liquidity Factor ETF 12.7 14 1 4.3 +4.2
IVOO Vanguard S&P Mid-Cap 400 ETF 12.5 10 5 6.6 +6.5
PXSG Invesco S&P SmallCap Momentum ETF 12.2 39 -24 3.9 +3.8
BFOR Barron's 400 ETF 12.2 65 -50 6.7 +6.6
AFMC First Trust Active Factor Mid Cap ETF 12.1 65 -50 6.5 +6.4
VFMF Vanguard U.S. Multifactor ETF 11.7 19 -4 7.6 +7.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 11.7 30 -15 5.8 +5.7
KOMP SPDR Kensho New Economies Composite ETF 11.7 20 -5 2.4 +2.3
EZM WisdomTree U.S. MidCap Earnings Fund 11.6 38 -23 9.2 +9.1
IWN iShares Russell 2000 Value ETF 11.2 24 -9 7.2 +7.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 11.0 15 0 9.4 +9.3
SLYV SPDR S&P 600 Small Cap Value ETF 11.0 15 0 9.3 +9.2
IJS iShares S&P Small-cap 600 Value ETF 11.0 25 -10 9.3 +9.2
SFYX Sofi Next 500 ETF 11.0 0 15 6.0 +5.9
TUSA First Trust Total US Market AlphaDEX ETF 10.8 70 -55 6.0 +5.9
RNSC Small Cap US Equity Select ETF 10.7 60 -45 7.3 +7.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.6 20 -5 9.6 +9.5
XSW SPDR S&P Software & Services ETF 10.5 35 -20 4.6 +4.5
IWC iShares Micro-Cap ETF 10.2 60 -45 -4.1 -4.2
ROGS Hartford Multifactor Global Small Cap ETF 9.8 34 -19 8.5 +8.4
VTWV Vanguard Russell 2000 Value Index Fund 9.8 15 0 7.4 +7.3
XSLV Invesco S&P SmallCap Low Volatility ETF 9.1 25 -10 5.8 +5.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 9.0 38 -23 9.1 +9.0
RNMC Mid Cap US Equity Select ETF 9.0 60 -45 7.8 +7.7
BBC Virtus LifeSci Biotech Clinical Trials ETF 9.0 79 -64 -1.3 -1.4
JSML Janus Henderson Small Cap Growth Alpha ETF 8.8 30 -15 8.4 +8.3
RWK Invesco S&P MidCap 400 Revenue ETF 8.6 39 -24 8.5 +8.4
XMMO Invesco S&P MidCap Momentum ETF 8.3 34 -19 4.0 +3.9
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 8.3 29 -14 6.1 +6.0
AVUV Avantis U.S. Small Cap Value ETF 8.2 25 -10 8.5 +8.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 8.2 7 8 5.3 +5.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 8.0 35 -20 4.1 +4.0

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 Russell 2000 Growth Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 1.2 %
Divided by: Fwd. P/BV 4.9 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 0.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.