Vanguard Russell 2000 Index Fund
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
71.1x P/Sales
ratio
1.1x
P/BV
ratio
1.7x Div.
yield
1.7%


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

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Sep 20, 2010
Assets (mns) $1,753
Currency USD
Expense ratio 10 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 2040
Wgt avg mkt cap (mns) $2,084
Large cap (>$10bn) 0.2%
Mid cap ($2-10bn) 46.5%
Small cap (<$2bn) 51.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PENN NATIONAL GAMING INC 0.5 %
ELDORADO RESORTS INC 0.4 %
SUNRUN INC. 0.4 %
MYOKARDIA, INC. 0.4 %
CHURCHILL DOWNS INC 0.3 %
MOMENTA PHARMACEUTICALS INC 0.3 %
LHC GROUP INC 0.3 %
DECKERS OUTDOOR CORP 0.3 %
NOVAVAX INC 0.3 %
RH 0.3 %
Total 3.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.4 %
BERMUDA 1.2 %
CANADA 0.5 %
BRITAIN 0.4 %
NETHERLANDS 0.2 %
PUERTO RICO 0.2 %
IRELAND 0.2 %
CAYMAN ISLANDS 0.2 %
ISRAEL 0.1 %
MONACO 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.4% 6.2% 7.7% -- 10.4%

Market Correlations
versus... Beta R-squared
S&P500 1.24 87%
MSCI EAFE 1.29 80%
MSCI Emg. Mkts. 0.91 62%

Technical Indicators
Recent close $118.26
30d moving avg. $123.77
Annualized volatility 23.3%
Short interest (ETF) 2.6%
Short interest (Underlying) 7.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 116
Turnover 0.8%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $3,988

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VTWO Expense: 10 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VTWO
Ticker Fund
Name
Overlap1
vs VTWO
(%)
Expense
ratio
(bp)
Savings
vs VTWO
(bp)
ALTAR
Score™
(%)
ALTAR
vs VTWO
(%)
IWM iShares Russell 2000 ETF 96.4 19 -9 3.7 -0.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 70.0 20 -10 5.3 +1.5
SCHA Schwab U.S. Small-Cap ETF 58.6 4 6 4.8 +0.9
IWO iShares Russell 2000 Growth ETF 56.5 24 -14 0.0 -3.8
VTWG Vanguard Russell 2000 Growth Index Fund 55.5 15 -5 0.1 -3.7
IWN iShares Russell 2000 Value ETF 52.1 24 -14 7.5 +3.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 51.3 29 -19 5.6 +1.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 50.5 6 4 5.5 +1.6
VTWV Vanguard Russell 2000 Value Index Fund 50.4 15 -5 7.5 +3.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 45.8 39 -29 4.9 +1.1
BKSE BNY Mellon US Small Cap Core Equity ETF 45.7 4 6 6.2 +2.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 44.9 17 -7 5.1 +1.3
IUSS Invesco Strategic US Small Company ETF 39.3 23 -13 5.5 +1.7
VBR Vanguard Small Cap Value Index Fund 38.2 7 3 8.6 +4.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 37.5 25 -15 7.3 +3.4
FYX First Trust Small Cap Core AlphaDEX Fund 36.0 63 -53 6.7 +2.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 36.0 29 -19 0.2 -3.7
VB Vanguard Small-Cap ETF 34.7 5 5 5.6 +1.8
SPSM SPDR Portfolio Small Cap ETF 34.0 5 5 7.5 +3.7
IJR iShares Core S&P Small Cap ETF 34.0 6 4 7.5 +3.7
VIOO Vanguard S&P Small-Cap 600 ETF 34.0 10 0 7.4 +3.6
SLY SPDR S&P 600 Small Cap ETF 34.0 15 -5 7.4 +3.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 33.7 40 -30 7.4 +3.6
VXF Vanguard Extended Market Index Fund 31.9 6 4 3.7 -0.1
VBK Vanguard Small-Cap Growth Index Fund 31.5 7 3 2.4 -1.4
FSMD Fidelity Small-Mid Factor ETF 30.5 29 -19 6.6 +2.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 30.4 29 -19 6.3 +2.5
JHSC John Hancock Multifactor Small Cap ETF 30.1 42 -32 6.1 +2.3
SSLY Syntax Stratified SmallCap ETF 29.9 30 -20 6.9 +3.1
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 28.3 35 -25 8.7 +4.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 28.1 24 -14 6.8 +3.0
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 28.1 35 -25 8.8 +4.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 28.1 35 -25 6.3 +2.4
EES WisdomTree SmallCap Earnings Fund 28.0 38 -28 10.9 +7.1
AFSM First Trust Active Factor Small Cap ETF 27.4 75 -65 5.7 +1.9
TPSC Timothy Plan US Small Cap Core ETF 27.2 52 -42 8.6 +4.8
CSML IQ Chaikin U.S. Small Cap ETF 26.5 35 -25 4.2 +0.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 26.4 39 -29 7.5 +3.7
NUSC Nuveen ESG Small-Cap ETF 26.3 40 -30 5.2 +1.4
DES WisdomTree U.S. SmallCap Dividend Fund 25.6 38 -28 9.0 +5.2
ISMD Inspire Small/Mid Cap Impact ETF 24.3 60 -50 6.4 +2.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 23.9 16 -6 5.6 +1.8
SLYG SPDR S&P 600 Small Cap Growth ETF 23.9 15 -5 5.6 +1.8
IJT iShares S&P Small-Cap 600 Growth ETF 23.9 25 -15 5.6 +1.8
PSC Principal U.S. Small Cap Index ETF 23.7 38 -28 7.3 +3.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 23.4 66 -56 2.5 -1.3
JKK iShares Morningstar Small-Cap Growth ETF 23.2 30 -20 1.3 -2.6
EZM WisdomTree U.S. MidCap Earnings Fund 22.1 38 -28 9.3 +5.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 22.0 30 -20 7.9 +4.1
SLYV SPDR S&P 600 Small Cap Value ETF 21.9 15 -5 9.6 +5.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 21.9 15 -5 9.5 +5.7
IJS iShares S&P Small-cap 600 Value ETF 21.9 25 -15 9.5 +5.7
RNSC Small Cap US Equity Select ETF 21.8 60 -50 7.7 +3.9
FYC First Trust Small Cap Growth AlphaDEX Fund 21.5 70 -60 2.0 -1.8
IJH iShares Core S&P Mid-Cap ETF 21.3 5 5 6.7 +2.9
MDY SPDR S&P Midcap 400 ETF Trust 21.3 23 -13 6.5 +2.7
SPMD SPDR Portfolio Mid Cap ETF 21.3 5 5 6.7 +2.9
IVOO Vanguard S&P Mid-Cap 400 ETF 21.3 10 0 6.7 +2.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 21.1 40 -30 7.2 +3.4
VFQY Vanguard U.S. Quality Factor ETF 20.8 13 -3 6.6 +2.7
VFMO Vanguard U.S. Momentum Factor ETF 20.8 13 -3 0.9 -3.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 20.6 12 -2 7.9 +4.1
AVUV Avantis U.S. Small Cap Value ETF 20.1 25 -15 8.8 +5.0
VFLQ Vanguard U.S. Liquidity Factor ETF 20.0 14 -4 4.4 +0.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 19.7 20 -10 9.9 +6.1
TUSA First Trust Total US Market AlphaDEX ETF 19.1 70 -60 6.2 +2.4
FAB First Trust Multi Cap Value AlphaDEX Fund 18.8 71 -61 10.3 +6.5
FNX First Trust Mid Cap Core AlphaDEX Fund 18.6 61 -51 6.8 +3.0
VFVA Vanguard U.S. Value Factor ETF 18.4 14 -4 11.5 +7.7
JKJ iShares Morningstar Small-Cap ETF 18.2 25 -15 6.8 +3.0
VFMF Vanguard U.S. Multifactor ETF 18.1 19 -9 7.7 +3.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.1 20 -10 4.8 +1.0
SMDY Syntax Stratified MidCap ETF 18.0 30 -20 6.5 +2.7
ROGS Hartford Multifactor Global Small Cap ETF 15.6 34 -24 8.6 +4.8
DWAS Invesco DWA SmallCap Momentum ETF 15.5 60 -50 -2.2 -6.0
FYT First Trust Small Cap Value AlphaDEX Fund 15.5 72 -62 10.3 +6.4
RNMC Mid Cap US Equity Select ETF 14.9 60 -50 8.1 +4.3
IJJ iShares S&P Mid-Cap 400 Value ETF 14.8 25 -15 8.7 +4.9
MDYV SPDR S&P 400 Mid Cap Value ETF 14.8 15 -5 8.8 +5.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 14.7 15 -5 8.9 +5.1
RWK Invesco S&P MidCap 400 Revenue ETF 14.4 39 -29 8.1 +4.3
IWC iShares Micro-Cap ETF 14.0 60 -50 -3.6 -7.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 13.6 25 -15 6.9 +3.1
SFYX Sofi Next 500 ETF 13.0 0 10 6.1 +2.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 13.0 15 -5 5.1 +1.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 12.9 15 -5 5.1 +1.3
IJK iShares S&P Mid-Cap 400 Growth ETF 12.8 24 -14 5.0 +1.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 12.8 70 -60 2.2 -1.6
AFMC First Trust Active Factor Mid Cap ETF 12.7 65 -55 6.6 +2.8
BTEC Principal Healthcare Innovators Index ETF 12.5 42 -32 -2.4 -6.2
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 12.1 38 -28 9.1 +5.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 11.9 39 -29 7.2 +3.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 11.9 7 3 5.6 +1.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 11.8 30 -20 6.0 +2.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 11.2 35 -25 6.1 +2.3
KOMP SPDR Kensho New Economies Composite ETF 10.8 20 -10 2.6 -1.2
IEIH iShares Evolved U.S. Innovative Healthcare ETF 10.6 18 -8 3.3 -0.6
JKL iShares Morningstar Small Cap Value ETF 10.5 30 -20 10.6 +6.8
BFOR Barron's 400 ETF 10.3 65 -55 6.5 +2.7
PXSG Invesco S&P SmallCap Momentum ETF 10.2 39 -29 5.0 +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%.

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.6 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.