Vanguard Growth ETF
ALTAR
Score™
4.9% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
27.3x P/Sales
ratio
4.0x
P/BV
ratio
6.4x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Growth ETF seeks to track the performance of the CI US Prime Market Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 30, 2004
Assets (mns) $44,926
Currency USD
Expense ratio 4 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian JPMorgan Chase Bank
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 281
Wgt avg mkt cap (mns) $401,860
Large cap (>$10bn) 98.5%
Mid cap ($2-10bn) 1.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 8.7 %
APPLE INC 8.3 %
AMAZON.COM INC 5.5 %
FACEBOOK 3.6 %
ALPHABET INC. CLASS A 3.0 %
ALPHABET INC. CLASS C 3.0 %
VISA INC-CLASS A SHARES 2.3 %
MASTERCARD INC-CLASS A 2.0 %
HOME DEPOT INC 1.8 %
COMCAST CORP-CL A 1.5 %
Total 39.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
BRITAIN 1.4 %
IRELAND 1.0 %
CANADA 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
33.1% 21.9% 12.3% 14.6% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 1.05 93%
MSCI EAFE 0.95 64%
MSCI Emg. Mkts. 0.68 52%

Technical Indicators
Recent close $177.10
30d moving avg. $173.48
Annualized volatility 13.1%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.8%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 530
Turnover 0.2%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $93,924

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Vanguard Growth ETF ETF based on the alternatives' overlap in portfolio holdings with VUG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VUG Expense: 4 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VUG
Ticker Fund
Name
Overlap1
vs VUG
(%)
Expense
ratio
(bp)
Savings
vs VUG
(bp)
ALTAR
Score™
(%)
ALTAR
vs VUG
(%)
MGK Vanguard Mega Cap 300 Growth 82.0 7 -3 5.0 +0.2
SCHG Schwab U.S. Large-Cap Growth 78.1 4 0 4.9 0.0
IWF iShares Russell 1000 Growth 75.0 19 -15 5.0 +0.1
VONG Vanguard Russell 1000 Growth 75.0 12 -8 5.1 +0.2
IWY iShares Russell Top 200 Growth 69.0 20 -16 5.0 +0.2
VOOG Vanguard S&P 500 Growth 65.8 15 -11 4.9 +0.1
SPYG SPDR Portfolio S&P 500 Growth 65.8 4 0 5.0 +0.2
IVW iShares S&P 500 Growth 65.8 18 -14 4.9 +0.0
IUSG iShares Core U.S. Growth 62.3 4 0 5.0 +0.2
XOUT GraniteShares XOUT US Large Cap 59.9 60 -56 5.1 +0.2
OQAL Invesco Russell 1000 Quality Factor ETF 59.7 19 -15 5.3 +0.4
TMFC Motley Fool 100 Index 58.4 50 -46 4.3 -0.6
IETC iShares Evolved U.S. Technology 58.0 18 -14 4.8 -0.0
IGM iShares S&P N. American Technology 55.2 46 -42 4.6 -0.3
SFY SoFi Select 500 54.7 0 4 5.6 +0.7
DSI iShares MSCI KLD 400 Social 53.6 25 -21 5.5 +0.7
JKE iShares Morningstar Large Cap Growth 53.4 25 -21 4.0 -0.9
QQQ Invesco QQQ 53.3 20 -16 5.2 +0.3
QYLD Global X NASDAQ 100 Covered Call ETF 53.3 60 -56 4.8 -0.1
SPXN ProShares S&P 500 Ex-Financials 53.0 27 -23 5.9 +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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Vanguard Growth ETF
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 25.9 %
Divided by: Fwd. P/BV 5.3 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 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.