Vanguard Russell 2000 Index Fund
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.1x P/Sales
ratio
1.1x
P/BV
ratio
1.8x 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 22, 2010
Assets (mns) $1,595
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 1995
Wgt avg mkt cap (mns) $2,279
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 52.3%
Small cap (<$2bn) 47.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TELADOC INC 0.4 %
NOVOCURE LIMITED 0.4 %
GENERAC HOLDINGS INC 0.3 %
LUMENTUM HOLDINGS, INC. 0.3 %
TREX COMPANY INC 0.3 %
AMEDISYS INC 0.3 %
HEALTHEQUITY INC 0.3 %
HAEMONETICS CORP/MASS 0.3 %
REXFORD INDUSTRIAL REALTY IN 0.3 %
FIRST INDUSTRIAL REALTY TR 0.3 %
Total 3.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
BERMUDA 1.3 %
BRITAIN 0.7 %
IRELAND 0.3 %
CANADA 0.3 %
CAYMAN ISLANDS 0.3 %
PUERTO RICO 0.3 %
NETHERLANDS 0.2 %
MONACO 0.1 %
LUXEMBOURG 0.1 %

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.
-3.2% 9.2% 8.3% -- 11.3%

Market Correlations
versus... Beta R-squared
S&P500 1.19 79%
MSCI EAFE 1.07 53%
MSCI Emg. Mkts. 0.67 36%

Technical Indicators
Recent close $130.19
30d moving avg. $133.56
Annualized volatility 16.2%
Short interest (ETF) 5.2%
Short interest (Underlying) 7.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 254
Turnover 2.1%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $19,834

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 3.7%


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 98.5 19 -9 3.7 -0.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 72.7 20 -10 5.7 +2.0
SCHA Schwab U.S. Small-Cap ETF 67.9 4 6 5.0 +1.2
VTWG Vanguard Russell 2000 Growth Index Fund 57.1 15 -5 1.2 -2.5
IWO iShares Russell 2000 Growth ETF 57.1 24 -14 1.2 -2.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 56.6 29 -19 4.2 +0.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 55.0 6 4 5.1 +1.3
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 54.5 39 -29 5.4 +1.7
VTWV Vanguard Russell 2000 Value Index Fund 53.2 15 -5 6.4 +2.7
IWN iShares Russell 2000 Value ETF 52.9 24 -14 6.3 +2.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 51.9 39 -29 4.8 +1.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 44.1 17 -7 4.7 +1.0
IUSS Invesco Strategic US Small Company ETF 43.9 23 -13 6.1 +2.4
ISMD Inspire Small/Mid Cap Impact ETF 42.1 61 -51 5.3 +1.6
VBR Vanguard Small Cap Value Index Fund 42.0 7 3 7.9 +4.2
VB Vanguard Small-Cap ETF 41.3 5 5 5.4 +1.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 40.9 25 -15 6.2 +2.4
VXF Vanguard Extended Market Index Fund 38.4 7 3 3.6 -0.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 36.4 29 -19 0.1 -3.7
SPSM SPDR Portfolio Small Cap ETF 35.7 5 5 6.4 +2.7

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 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 7.0 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.