Vanguard Russell 2000 Value Index Fund
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
47.7x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
2.5%


  • 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 20, 2010
Assets (mns) $322
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 1467
Wgt avg mkt cap (mns) $1,277
Large cap (>$10bn) 0.4%
Mid cap ($2-10bn) 34.3%
Small cap (<$2bn) 63.5%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
DARLING INTERNATIONAL INC 0.5 %
PENN NATIONAL GAMING INC 0.4 %
PERFORMANCE FOOD GROUP COMPANY 0.4 %
ESSENT GROUP LTD 0.4 %
STAG INDUSTRIAL INC 0.3 %
NOVAVAX INC 0.3 %
BROOKFIELD RENEWABLE CORPORATION C 0.3 %
ARENA PHARMACEUTICALS, INC. 0.3 %
HEALTHCARE REALTY TRUST INC 0.3 %
STIFEL FINANCIAL CORP 0.3 %
Total 3.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 69.6 %
BERMUDA 1.4 %
IRELAND 0.3 %
CANADA 0.3 %
BRITAIN 0.3 %
PUERTO RICO 0.2 %
MONACO 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.
-21.4% -15.2% 4.1% -- 7.0%

Market Correlations
versus... Beta R-squared
S&P500 1.23 84%
MSCI EAFE 1.32 79%
MSCI Emg. Mkts. 0.95 65%

Technical Indicators
Recent close $95.98
30d moving avg. $90.91
Annualized volatility 23.7%
Short interest (ETF) 0.7%
Short interest (Underlying) 5.6%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.3%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $17,929

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™: 6.7%


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 72.1 24 -9 6.5 -0.2
IWM iShares Russell 2000 ETF 51.8 19 -4 3.2 -3.5
VTWO Vanguard Russell 2000 Index Fund 51.3 10 5 3.5 -3.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 43.9 20 -5 4.7 -2.0
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 36.7 29 -14 5.7 -1.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 36.4 39 -24 4.4 -2.3
SCHA Schwab U.S. Small-Cap ETF 35.9 4 11 4.6 -2.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 34.3 29 -14 4.9 -1.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 33.9 25 -10 7.0 +0.3
IUSS Invesco Strategic US Small Company ETF 31.6 23 -8 5.1 -1.6
IJR iShares Core S&P Small Cap ETF 29.4 6 9 6.8 +0.1
SPSM SPDR Portfolio Small Cap ETF 29.4 5 10 6.8 +0.1
SLY SPDR S&P 600 Small Cap ETF 29.4 15 0 6.7 -0.0
VBR Vanguard Small Cap Value Index Fund 29.2 7 8 7.8 +1.1
VIOO Vanguard S&P Small-Cap 600 ETF 29.2 10 5 6.7 +0.0
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 28.8 40 -25 7.0 +0.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 28.5 6 9 5.0 -1.7
FYX First Trust Small Cap Core AlphaDEX Fund 27.8 63 -48 5.9 -0.8
EES WisdomTree SmallCap Earnings Fund 27.5 38 -23 9.8 +3.1
STSB iShares Factors US Small Blend Style ETF 27.0 35 -20 3.6 -3.1
DES WisdomTree U.S. SmallCap Dividend Fund 26.6 38 -23 8.2 +1.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 26.6 35 -20 7.7 +1.0
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 25.7 35 -20 7.7 +1.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 25.6 17 -2 4.7 -2.0
IJS iShares S&P Small-cap 600 Value ETF 25.0 25 -10 8.6 +1.9
SLYV SPDR S&P 600 Small Cap Value ETF 25.0 15 0 8.5 +1.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 24.9 39 -24 6.7 +0.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 24.7 15 0 8.5 +1.8
SSLY Syntax Stratified SmallCap ETF 24.3 30 -15 6.4 -0.3
RNSC Small Cap US Equity Select ETF 23.5 60 -45 6.9 +0.2
TPSC Timothy Plan US Small Cap Core ETF 22.6 52 -37 7.8 +1.1
AVUV Avantis U.S. Small Cap Value ETF 22.3 25 -10 7.8 +1.2
CSML IQ Chaikin U.S. Small Cap ETF 22.2 35 -20 3.8 -2.9
VFVA Vanguard U.S. Value Factor ETF 21.4 14 1 10.8 +4.1
PSC Principal U.S. Small Cap Index ETF 21.3 38 -23 6.7 -0.0
FYT First Trust Small Cap Value AlphaDEX Fund 20.4 72 -57 9.1 +2.4
BKSE BNY Mellon US Small Cap Core Equity ETF 19.9 4 11 5.6 -1.1
VB Vanguard Small-Cap ETF 19.5 5 10 5.1 -1.6
FAB First Trust Multi Cap Value AlphaDEX Fund 18.9 71 -56 9.2 +2.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.4 24 -9 6.4 -0.3
VXF Vanguard Extended Market Index Fund 18.2 6 9 3.4 -3.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 18.1 30 -15 7.4 +0.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 17.9 35 -20 5.8 -0.9
NUSC Nuveen ESG Small-Cap ETF 17.6 40 -25 4.7 -2.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 17.1 12 3 7.3 +0.6
AFSM First Trust Active Factor Small Cap ETF 17.0 75 -60 5.3 -1.4
EZM WisdomTree U.S. MidCap Earnings Fund 16.8 38 -23 8.4 +1.7
ISMD Inspire Small/Mid Cap Impact ETF 16.7 60 -45 4.8 -1.9
FSMD Fidelity Small-Mid Factor ETF 16.3 29 -14 6.1 -0.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 16.3 39 -24 6.4 -0.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 16.2 40 -25 7.0 +0.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 15.8 20 -5 8.9 +2.2
VFLQ Vanguard U.S. Liquidity Factor ETF 15.1 14 1 4.1 -2.6
SLYG SPDR S&P 600 Small Cap Growth ETF 15.1 15 0 5.2 -1.5
IJT iShares S&P Small-Cap 600 Growth ETF 15.1 25 -10 5.3 -1.4
VFQY Vanguard U.S. Quality Factor ETF 15.0 13 2 6.2 -0.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 15.0 16 -1 5.2 -1.5
JKJ iShares Morningstar Small-Cap ETF 14.6 25 -10 6.2 -0.5
MDYV SPDR S&P 400 Mid Cap Value ETF 14.5 15 0 8.2 +1.5
IJJ iShares S&P Mid-Cap 400 Value ETF 14.4 25 -10 8.0 +1.3
JKL iShares Morningstar Small Cap Value ETF 14.2 30 -15 9.6 +2.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 14.2 15 0 8.0 +1.3
ROGS Hartford Multifactor Global Small Cap ETF 14.1 34 -19 7.9 +1.2
MDY SPDR S&P Midcap 400 ETF Trust 13.7 23 -8 6.1 -0.6
SPMD SPDR Portfolio Mid Cap ETF 13.7 5 10 6.3 -0.4
IJH iShares Core S&P Mid-Cap ETF 13.7 5 10 6.3 -0.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 13.7 29 -14 0.2 -6.5
IVOO Vanguard S&P Mid-Cap 400 ETF 13.3 10 5 6.1 -0.6
SMDY Syntax Stratified MidCap ETF 12.9 30 -15 6.5 -0.2
VFMF Vanguard U.S. Multifactor ETF 12.9 19 -4 7.2 +0.5
JHSC John Hancock Multifactor Small Cap ETF 12.8 42 -27 5.5 -1.2
TUSA First Trust Total US Market AlphaDEX ETF 12.8 70 -55 5.5 -1.2
IWC iShares Micro-Cap ETF 12.7 60 -45 -3.8 -10.5
RWK Invesco S&P MidCap 400 Revenue ETF 12.4 39 -24 7.8 +1.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 12.1 25 -10 6.1 -0.6
RNMC Mid Cap US Equity Select ETF 11.5 60 -45 7.4 +0.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.1 20 -5 4.6 -2.1
PSCF Invesco S&P SmallCap Financials ETF 10.5 29 -14 10.8 +4.1
IWO iShares Russell 2000 Growth ETF 10.5 24 -9 -0.1 -6.8
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 10.4 38 -23 8.3 +1.6
BUY USCF SummerHaven SHPEI Index Fund 10.3 80 -65 8.6 +1.9
FNX First Trust Mid Cap Core AlphaDEX Fund 10.1 61 -46 6.2 -0.5
VTWG Vanguard Russell 2000 Growth Index Fund 9.8 15 0 0.1 -6.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 9.7 7 8 5.1 -1.6
SQLV Legg Mason Small-Cap Quality Value 9.3 62 -47 6.2 -0.5
VUSE Vident Core US Equity Fund 9.1 48 -33 8.6 +1.9
BFOR Barron's 400 ETF 8.8 65 -50 6.3 -0.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 8.8 60 -45 9.6 +2.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 8.6 66 -51 2.2 -4.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 8.4 39 -24 8.9 +2.2
KRE SPDR S&P Regional Banking ETF 8.3 35 -20 9.6 +2.9
VFMO Vanguard U.S. Momentum Factor ETF 7.9 13 2 0.7 -6.0
FYC First Trust Small Cap Growth AlphaDEX Fund 7.9 70 -55 1.8 -4.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 7.7 35 -20 7.9 +1.2
DWAS Invesco DWA SmallCap Momentum ETF 7.7 60 -45 -2.0 -8.7
FNCL Fidelity MSCI Financials Index ETF 7.4 8 7 8.4 +1.7
AVUS Avantis U.S. Equity ETF 7.3 15 0 5.4 -1.3
FNK First Trust Mid Cap Value AlphaDEX Fund 7.2 70 -55 10.4 +3.7
VBK Vanguard Small-Cap Growth Index Fund 7.1 7 8 2.2 -4.5
VFH Vanguard Financials Index Fund 6.9 10 5 8.4 +1.7

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 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 7.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.