Vanguard Russell 2000 Value Index Fund
ALTAR
Score™		 10.5% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 11.6x P/Sales
ratio		 0.5x
P/BV
ratio		 0.8x Div.
yield		 4.2%


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

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Sep 22, 2010
Assets (mns) $191
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 1395
Wgt avg mkt cap (mns) $3,209,290,000
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 32.4%
Small cap (<$2bn) 67.6%
Developed mkts 100.0%
Emerging mkts 0.1%

TOP TEN HOLDINGS
LUMENTUM HOLDINGS, INC. 0.9 %
TECH DATA CORP 0.7 %
REXFORD INDUSTRIAL REALTY IN 0.7 %
ONE GAS INC 0.7 %
PORTLAND GENERAL ELECTRIC CO 0.7 %
FTI CONSULTING INC 0.6 %
BLACK HILLS CORP 0.6 %
CIRRUS LOGIC INC 0.6 %
SPIRE, INC. 0.6 %
HEALTHCARE REALTY TRUST INC 0.6 %
Total 6.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.0 %
BERMUDA 1.5 %
PUERTO RICO 0.3 %
IRELAND 0.3 %
MONACO 0.2 %
CANADA 0.1 %
BRITAIN 0.1 %
CAYMAN ISLANDS 0.1 %
PANAMA 0.1 %
LUXEMBOURG 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-35.8% -29.8% -2.6% -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.32 80%
MSCI EAFE 1.26 71%
MSCI Emg. Mkts. 0.94 57%

Technical Indicators
Recent close $67.57
30d moving avg. $83.13
Annualized volatility 22.5%
Short interest (ETF) 1.6%
Short interest (Underlying) 5.6%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 80
Turnover 2.8%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $15,235

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VTWV Expense: 15 bp ALTAR Score™: 10.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VTWV
Ticker Fund
Name		 Overlap1
vs VTWV
(%)		 Expense
ratio
(bp)		 Savings
vs VTWV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs VTWV
(%)
IWN iShares Russell 2000 Value ETF 94.4 24 -9 10.3 -0.2
VTWO Vanguard Russell 2000 Index Fund 48.9 10 5 5.8 -4.7
IWM iShares Russell 2000 ETF 48.7 19 -4 5.7 -4.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 44.1 20 -5 9.7 -0.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 42.4 39 -24 6.4 -4.1
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 40.6 29 -14 12.6 +2.2
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 40.6 39 -24 8.7 -1.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 40.0 29 -14 8.5 -2.0
DES WisdomTree U.S. SmallCap Dividend Fund 39.3 38 -23 12.7 +2.2
ISMD Inspire Small/Mid Cap Impact ETF 38.0 61 -46 7.6 -2.9
VIOO Vanguard S&P Small-Cap 600 ETF 37.9 10 5 9.6 -0.9
SLY SPDR S&P 600 Small Cap ETF 37.9 15 0 9.5 -1.0
IJR iShares Core S&P Small Cap ETF 37.9 7 8 9.6 -0.9
SPSM SPDR Portfolio Small Cap ETF 37.9 5 10 9.6 -0.9
SCHA Schwab U.S. Small-Cap ETF 35.0 4 11 7.5 -3.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 34.6 25 -10 9.6 -0.9
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 34.3 40 -25 8.7 -1.7
EES WisdomTree SmallCap Earnings Fund 33.9 38 -23 19.2 +8.8
FYX First Trust Small Cap Core AlphaDEX Fund 33.1 63 -48 9.1 -1.4
IUSS Invesco Strategic US Small Company ETF 32.9 23 -8 9.0 -1.5
VBR Vanguard Small Cap Value Index Fund 32.8 7 8 12.0 +1.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 32.3 15 0 12.2 +1.8
SLYV SPDR S&P 600 Small Cap Value ETF 32.2 15 0 12.2 +1.8
IJS iShares S&P Small-cap 600 Value ETF 32.2 25 -10 12.1 +1.6
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 30.9 35 -20 11.6 +1.1
TPSC Timothy Plan US Small Cap Core ETF 29.9 52 -37 10.9 +0.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 28.7 6 9 8.0 -2.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 28.6 24 -9 11.1 +0.6
RNSC Small Cap US Equity Select ETF 27.7 60 -45 9.5 -1.0
JKJ iShares Morningstar Small-Cap ETF 26.0 25 -10 9.0 -1.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 26.0 39 -24 9.7 -0.8
AVUV Avantis U.S. Small Cap Value ETF 25.4 25 -10 13.8 +3.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 25.4 12 3 10.6 +0.1
JKL iShares Morningstar Small Cap Value ETF 25.2 30 -15 14.8 +4.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 25.2 30 -15 10.7 +0.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 24.9 35 -20 9.1 -1.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 24.7 17 -2 7.3 -3.2
FYT First Trust Small Cap Value AlphaDEX Fund 24.7 72 -57 13.6 +3.2
AFSM First Trust Active Factor Small Cap ETF 24.0 75 -60 10.6 +0.1
PSC Principal U.S. Small Cap Index ETF 22.5 38 -23 11.1 +0.6
JHSC John Hancock Multifactor Small Cap ETF 22.3 50 -35 8.6 -1.9
NUSC Nuveen ESG Small-Cap ETF 22.2 40 -25 7.6 -2.9
VB Vanguard Small-Cap ETF 21.7 5 10 8.1 -2.4
ROGS Hartford Multifactor Global Small Cap ETF 20.8 34 -19 11.7 +1.2
VXF Vanguard Extended Market Index Fund 20.5 7 8 5.9 -4.6
FSMD Fidelity Small-Mid Factor ETF 20.0 29 -14 9.9 -0.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 19.5 40 -25 9.7 -0.8
SLYG SPDR S&P 600 Small Cap Growth ETF 19.0 15 0 7.5 -2.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 19.0 16 -1 7.5 -3.0
IJT iShares S&P Small-Cap 600 Growth ETF 19.0 25 -10 7.4 -3.0
VFVA Vanguard U.S. Value Factor ETF 18.9 13 2 16.5 +6.0
MDYV SPDR S&P 400 Mid Cap Value ETF 18.6 15 0 12.1 +1.6
IJJ iShares S&P Mid-Cap 400 Value ETF 18.6 25 -10 12.0 +1.5
FAB First Trust Multi Cap Value AlphaDEX Fund 18.6 71 -56 13.3 +2.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 18.6 15 0 12.2 +1.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.1 20 -5 7.8 -2.7
VFLQ Vanguard U.S. Liquidity Factor ETF 17.9 13 2 5.5 -5.0
EZM WisdomTree U.S. MidCap Earnings Fund 17.4 38 -23 13.8 +3.3
IWC iShares Micro-Cap ETF 16.1 60 -45 -5.5 -15.9
SMDY Syntax Stratified MidCap ETF 16.0 30 -15 9.1 -1.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 15.6 29 -14 0.0 -10.5
PSCF Invesco S&P SmallCap Financials ETF 15.5 29 -14 15.1 +4.7
QABA First Trust NASDAQ ABA Community Bank Index Fund 15.3 60 -45 13.5 +3.1
VFMF Vanguard U.S. Multifactor ETF 15.2 18 -3 10.9 +0.5
VFQY Vanguard U.S. Quality Factor ETF 15.2 13 2 8.5 -2.0
XSLV Invesco S&P SmallCap Low Volatility ETF 14.9 25 -10 11.6 +1.2
SCAP AdvisorShares Cornerstone Small Cap ETF 14.5 90 -75 8.1 -2.4
MDY SPDR S&P Midcap 400 ETF Trust 14.2 23 -8 8.9 -1.6
SPMD SPDR Portfolio Mid Cap ETF 14.2 5 10 9.1 -1.4
IJH iShares Core S&P Mid-Cap ETF 14.1 6 9 9.1 -1.4
IVOO Vanguard S&P Mid-Cap 400 ETF 14.1 10 5 9.0 -1.5
FNX First Trust Mid Cap Core AlphaDEX Fund 13.8 61 -46 10.1 -0.3
VUSE Vident Core US Equity Fund 13.7 48 -33 11.0 +0.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 13.7 38 -23 13.4 +3.0
CSML IQ Chaikin U.S. Small Cap ETF 13.5 35 -20 13.4 +2.9
BUY USCF SummerHaven SHPEI Index Fund 13.1 80 -65 18.4 +8.0
KRE SPDR S&P Regional Banking ETF 12.9 35 -20 15.6 +5.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 12.8 20 -5 10.3 -0.2
RWK Invesco S&P MidCap 400 Revenue ETF 12.8 39 -24 11.7 +1.2
RNMC Mid Cap US Equity Select ETF 12.7 60 -45 10.0 -0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 12.3 70 -55 15.9 +5.4
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 12.1 35 -20 10.9 +0.5
AFMC First Trust Active Factor Mid Cap ETF 12.0 65 -50 9.7 -0.8
TUSA First Trust Total US Market AlphaDEX ETF 11.9 70 -55 9.4 -1.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 11.7 48 -33 8.8 -1.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 11.4 39 -24 15.9 +5.4
VFMO Vanguard U.S. Momentum Factor ETF 11.1 13 2 4.7 -5.7
FYC First Trust Small Cap Growth AlphaDEX Fund 10.6 70 -55 3.7 -6.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 10.5 25 -10 8.6 -1.9
VTWG Vanguard Russell 2000 Growth Index Fund 10.4 15 0 1.8 -8.7
IWO iShares Russell 2000 Growth ETF 10.4 24 -9 1.6 -8.9
VAMO Cambria Value & Momentum ETF 10.2 64 -49 8.8 -1.7
DWAS Invesco DWA SmallCap Momentum ETF 10.1 60 -45 1.1 -9.4
SQLV Legg Mason Small-Cap Quality Value 9.8 62 -47 12.2 +1.8
KBE SPDR S&P Bank ETF 9.7 35 -20 15.5 +5.1
IFRA iShares U.S. Infrastructure ETF 9.7 40 -25 7.6 -2.9
SMDV ProShares Russell 2000 Dividend Growers ETF 9.2 40 -25 8.4 -2.1
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 9.2 11 4 9.4 -1.1
FRI First Trust S&P REIT Index Fund 9.2 50 -35 9.1 -1.4
USRT iShares Core U.S. REIT ETF 9.1 8 7 9.5 -1.0

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 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 8.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 10.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 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.