Vanguard Russell 2000 Index Fund
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
70.1x P/Sales
ratio
1.1x
P/BV
ratio
1.8x Div.
yield
1.6%


  • 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) $1,593
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 1976
Wgt avg mkt cap (mns) $2,435
Large cap (>$10bn) 1.2%
Mid cap ($2-10bn) 51.9%
Small cap (<$2bn) 46.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TELADOC INC 0.9 %
OFFICE DEPOT INC 0.6 %
QUIDEL CORP 0.5 %
CHEGG INC 0.5 %
IMMUNOMEDICS INC 0.5 %
GENERAC HOLDINGS INC 0.4 %
TREX COMPANY INC 0.4 %
GROUPON INC 0.4 %
FIVE9 INC 0.4 %
REPLIGEN CORP 0.4 %
Total 5.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
BERMUDA 1.1 %
BRITAIN 0.5 %
CANADA 0.3 %
CAYMAN ISLANDS 0.3 %
NETHERLANDS 0.2 %
IRELAND 0.2 %
PUERTO RICO 0.2 %
MONACO 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.0% -6.4% 4.3% -- 9.6%

Market Correlations
versus... Beta R-squared
S&P500 1.28 88%
MSCI EAFE 1.29 79%
MSCI Emg. Mkts. 0.92 62%

Technical Indicators
Recent close $112.16
30d moving avg. $114.82
Annualized volatility 23.0%
Short interest (ETF) 2.5%
Short interest (Underlying) 7.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 287
Turnover 2.0%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $32,284

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 85.3 19 -9 3.7 -0.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 71.0 20 -10 6.2 +2.4
SCHA Schwab U.S. Small-Cap ETF 66.5 4 6 4.8 +1.0
VTWG Vanguard Russell 2000 Growth Index Fund 61.7 15 -5 0.8 -3.0
BKSE BNY Mellon US Small Cap Core Equity ETF 61.1 4 6 5.9 +2.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 54.0 6 4 5.5 +1.7
IWO iShares Russell 2000 Growth ETF 50.7 24 -14 0.8 -3.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 49.1 17 -7 5.3 +1.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 49.1 29 -19 5.8 +2.0
VTWV Vanguard Russell 2000 Value Index Fund 47.8 15 -5 7.9 +4.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 47.8 39 -29 4.3 +0.6
IWN iShares Russell 2000 Value ETF 46.0 24 -14 7.7 +3.9
VB Vanguard Small-Cap ETF 40.2 5 5 5.5 +1.7
IUSS Invesco Strategic US Small Company ETF 39.2 23 -13 5.7 +1.9
VBR Vanguard Small Cap Value Index Fund 37.8 7 3 8.8 +5.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 37.7 25 -15 7.0 +3.2
VBK Vanguard Small-Cap Growth Index Fund 36.9 7 3 2.4 -1.4
VXF Vanguard Extended Market Index Fund 35.9 7 3 3.8 0.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 35.7 29 -19 1.8 -2.0
VIOO Vanguard S&P Small-Cap 600 ETF 34.3 10 0 7.5 +3.7
FSMD Fidelity Small-Mid Factor ETF 33.3 29 -19 7.2 +3.5
SLY SPDR S&P 600 Small Cap ETF 33.0 15 -5 7.3 +3.5
SPSM SPDR Portfolio Small Cap ETF 33.0 5 5 7.4 +3.6
IJR iShares Core S&P Small Cap ETF 33.0 7 3 7.4 +3.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 32.9 40 -30 7.1 +3.3
JHSC John Hancock Multifactor Small Cap ETF 32.8 42 -32 6.1 +2.3
FYX First Trust Small Cap Core AlphaDEX Fund 32.7 63 -53 6.9 +3.1
AFSM First Trust Active Factor Small Cap ETF 32.5 75 -65 5.8 +2.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 32.2 24 -14 7.4 +3.7
SSLY Syntax Stratified SmallCap ETF 30.5 30 -20 6.4 +2.6
NUSC Nuveen ESG Small-Cap ETF 30.0 40 -30 5.5 +1.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 29.7 35 -25 6.6 +2.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 29.5 66 -56 2.5 -1.3
JKK iShares Morningstar Small-Cap Growth ETF 27.8 30 -20 1.1 -2.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 27.0 29 -19 10.3 +6.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 26.9 39 -29 8.1 +4.3
EES WisdomTree SmallCap Earnings Fund 26.8 38 -28 12.3 +8.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 26.7 35 -25 8.7 +4.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 26.6 35 -25 8.6 +4.8
FNX First Trust Mid Cap Core AlphaDEX Fund 25.8 61 -51 6.6 +2.8
TPSC Timothy Plan US Small Cap Core ETF 25.8 52 -42 8.7 +4.9
CSML IQ Chaikin U.S. Small Cap ETF 25.7 35 -25 4.4 +0.6
DES WisdomTree U.S. SmallCap Dividend Fund 25.1 38 -28 9.2 +5.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 24.2 16 -6 5.4 +1.6
ISMD Inspire Small/Mid Cap Impact ETF 24.1 60 -50 6.8 +3.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 23.9 7 3 5.6 +1.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 23.7 30 -20 8.0 +4.3
SLYG SPDR S&P 600 Small Cap Growth ETF 23.5 15 -5 5.4 +1.6
IJT iShares S&P Small-Cap 600 Growth ETF 23.5 25 -15 5.3 +1.5
VFMO Vanguard U.S. Momentum Factor ETF 23.4 13 -3 1.1 -2.7
SPMD SPDR Portfolio Mid Cap ETF 23.4 5 5 6.8 +3.0
MDY SPDR S&P Midcap 400 ETF Trust 23.4 23 -13 6.6 +2.8
IJH iShares Core S&P Mid-Cap ETF 23.4 6 4 6.8 +3.0
EZM WisdomTree U.S. MidCap Earnings Fund 23.0 38 -28 9.6 +5.9
IVOO Vanguard S&P Mid-Cap 400 ETF 22.7 10 0 6.7 +2.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 22.7 40 -30 7.5 +3.7
VFQY Vanguard U.S. Quality Factor ETF 22.3 13 -3 6.2 +2.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 22.0 70 -60 2.1 -1.7
VFLQ Vanguard U.S. Liquidity Factor ETF 22.0 14 -4 4.9 +1.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 21.9 15 -5 10.1 +6.3
PSC Principal U.S. Small Cap Index ETF 21.8 38 -28 7.4 +3.6
IJS iShares S&P Small-cap 600 Value ETF 21.3 25 -15 9.7 +5.9
SLYV SPDR S&P 600 Small Cap Value ETF 21.3 15 -5 9.8 +6.0
TUSA First Trust Total US Market AlphaDEX ETF 21.0 70 -60 6.1 +2.3
RNSC Small Cap US Equity Select ETF 20.6 60 -50 8.1 +4.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 20.1 12 -2 8.3 +4.5
SMDY Syntax Stratified MidCap ETF 20.1 30 -20 6.5 +2.7
FYC First Trust Small Cap Growth AlphaDEX Fund 20.0 70 -60 2.5 -1.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 19.2 20 -10 9.9 +6.1
SFYX Sofi Next 500 ETF 19.0 0 10 6.0 +2.2
VFMF Vanguard U.S. Multifactor ETF 18.8 19 -9 7.4 +3.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.5 20 -10 4.8 +1.0
JKJ iShares Morningstar Small-Cap ETF 17.5 25 -15 7.0 +3.2
AVUV Avantis U.S. Small Cap Value ETF 16.7 25 -15 9.8 +6.0
IJK iShares S&P Mid-Cap 400 Growth ETF 16.4 24 -14 4.9 +1.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 16.4 15 -5 5.0 +1.3
VFVA Vanguard U.S. Value Factor ETF 16.0 14 -4 12.1 +8.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 15.2 15 -5 5.0 +1.2
ROGS Hartford Multifactor Global Small Cap ETF 15.1 34 -24 8.3 +4.5
RNMC Mid Cap US Equity Select ETF 15.0 60 -50 8.1 +4.3
FAB First Trust Multi Cap Value AlphaDEX Fund 14.9 71 -61 10.1 +6.3
AFMC First Trust Active Factor Mid Cap ETF 14.5 65 -55 6.5 +2.7
RWK Invesco S&P MidCap 400 Revenue ETF 14.4 39 -29 8.4 +4.7
BTEC Principal Healthcare Innovators Index ETF 14.3 42 -32 -2.3 -6.1
FYT First Trust Small Cap Value AlphaDEX Fund 14.1 72 -62 10.0 +6.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 13.9 15 -5 9.0 +5.2
DWAS Invesco DWA SmallCap Momentum ETF 13.8 60 -50 -1.1 -4.9
IJJ iShares S&P Mid-Cap 400 Value ETF 13.7 25 -15 9.0 +5.2
MDYV SPDR S&P 400 Mid Cap Value ETF 13.7 15 -5 9.1 +5.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.8 30 -20 5.7 +1.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 12.4 18 -8 2.9 -0.9
BFOR Barron's 400 ETF 12.4 65 -55 6.5 +2.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 12.3 25 -15 6.7 +2.9
IWC iShares Micro-Cap ETF 11.9 60 -50 -4.0 -7.8
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 11.9 38 -28 9.5 +5.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 11.5 39 -29 8.2 +4.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 11.0 35 -25 6.1 +2.4
KOMP SPDR Kensho New Economies Composite ETF 10.9 20 -10 2.5 -1.3
IBB iShares NASDAQ Biotechnology ETF 10.7 47 -37 0.2 -3.6
PXSG Invesco S&P SmallCap Momentum ETF 10.1 39 -29 5.1 +1.3

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 6.8 %
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
1.51 CATEGORY
AVERAGE
1.52
 
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.