Vanguard Growth Index Fund
ALTAR
Score™
4.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
34.0x P/Sales
ratio
4.5x
P/BV
ratio
6.6x Div.
yield
0.9%


  • 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) $53,919
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 278
Wgt avg mkt cap (mns) $503,951
Large cap (>$10bn) 98.7%
Mid cap ($2-10bn) 1.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 9.7 %
APPLE INC 8.8 %
AMAZON.COM INC 7.1 %
FACEBOOK 3.7 %
ALPHABET INC. CLASS A 3.0 %
ALPHABET INC. CLASS C 2.9 %
VISA INC-CLASS A SHARES 2.3 %
HOME DEPOT INC 1.9 %
MASTERCARD INC-CLASS A 1.9 %
NVIDIA CORP 1.4 %
Total 42.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
BRITAIN 1.3 %
IRELAND 0.9 %
CANADA 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.2% 27.1% 13.5% 15.6% 10.0%

Market Correlations
versus... Beta R-squared
S&P500 1.02 95%
MSCI EAFE 0.98 75%
MSCI Emg. Mkts. 0.72 62%

Technical Indicators
Recent close $197.41
30d moving avg. $184.07
Annualized volatility 17.7%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.8%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 1,128
Turnover 0.4%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $180,301

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard Growth Index Fund 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™: 4.2%


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 Growth ETF 83.1 7 -3 4.3 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 81.2 4 0 4.3 +0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 79.3 4 0 4.4 +0.3
VOOG Vanguard S&P 500 Growth ETF 79.2 10 -6 4.4 +0.2
IVW iShares S&P 500 Growth ETF 79.2 18 -14 4.3 +0.1
IWF iShares Russell 1000 Growth ETF 77.5 19 -15 4.3 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 77.5 8 -4 4.4 +0.2
IUSG iShares Core S&P US Growth ETF 75.5 4 0 4.5 +0.3
IWY iShares Russell Top 200 Growth ETF 71.3 20 -16 4.3 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 64.0 60 -56 4.5 +0.3
TMFC Motley Fool 100 Index ETF 63.2 50 -46 3.9 -0.3
IETC iShares Evolved U.S. Technology ETF 62.1 18 -14 4.1 -0.1
IQSU IQ Candriam ESG US Equity ETF 61.6 9 -5 5.2 +1.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 61.4 21 -17 3.2 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 59.8 12 -8 5.1 +0.9
PBP Invesco S&P 500 BuyWrite ETF 59.2 49 -45 5.1 +0.9
QQQ Invesco QQQ Trust 58.3 20 -16 4.1 -0.1
QYLD Global X NASDAQ 100 Covered Call ETF 58.3 60 -56 3.7 -0.5
NUSI Nationwide Risk-Managed Income ETF 58.3 68 -64 3.6 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 58.2 27 -23 5.1 +0.9
HSPX Global X S&P 500 Covered Call ETF 57.8 65 -61 4.9 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 57.8 27 -23 5.1 +0.9
VEGN US Vegan Climate ETF 57.7 60 -56 5.2 +1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 57.4 49 -45 4.1 -0.0
IGM iShares North American Tech ETF 56.8 46 -42 4.0 -0.2
VV Vanguard Large-Cap Index Fund 56.2 4 0 5.3 +1.1
SPXE ProShares S&P 500 Ex-Energy ETF 55.9 27 -23 5.4 +1.2
DSI iShares MSCI KLD 400 Social ETF 55.9 25 -21 5.2 +1.0
SNPE Xtrackers S&P 500 ESG ETF 55.8 11 -7 5.2 +1.0
ESGV Vanguard ESG U.S. Stock ETF 55.8 12 -8 5.3 +1.1
PBUS Invesco PureBeta MSCI USA ETF 55.6 4 0 5.3 +1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 55.4 20 -16 5.4 +1.3
IWL iShares Russell Top 200 ETF 55.4 15 -11 5.1 +1.0
MGC Vanguard Mega Cap Index Fund 55.0 7 -3 5.3 +1.1
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 55.0 29 -25 4.3 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 54.9 2 2 5.4 +1.2
SPLG SPDR Portfolio Large Cap ETF 54.7 3 1 5.5 +1.3
IVV iShares Core S&P 500 ETF 54.7 4 0 5.4 +1.3
SPY SPDR S&P 500 ETF Trust 54.6 9 -5 5.4 +1.2
CATH Global X S&P 500 Catholic Values Custom ETF 54.5 29 -25 5.3 +1.1
VOO VANGUARD S&P 500 ETF 54.3 3 1 5.5 +1.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 54.2 20 -16 5.0 +0.8
SCHX Schwab U.S. Large-Cap ETF 53.8 3 1 5.3 +1.2
JKE iShares Morningstar Large-Cap Growth ETF 53.7 25 -21 3.4 -0.7
OEF iShares S&P 100 ETF 53.3 20 -16 4.9 +0.7
XLG Invesco S&P 500 Top 50 ETF 53.1 20 -16 4.7 +0.5
IWB iShares Russell 1000 ETF 52.4 15 -11 5.2 +1.0
SCHK Schwab 1000 Index ETF 52.1 5 -1 5.3 +1.1
VONE Vanguard Russell 1000 ETF 52.0 8 -4 5.3 +1.1
IYY iShares Dow Jones U.S. ETF 51.6 20 -16 5.2 +1.0
SUSL iShares ESG MSCI USA Leaders ETF 50.9 10 -6 5.4 +1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.9 10 -6 5.4 +1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 50.8 9 -5 5.5 +1.4
SPTM SPDR Portfolio Total Stock Market ETF 50.7 3 1 5.5 +1.4
SFY SoFi Select 500 ETF 50.6 0 4 5.3 +1.1
VTI Vanguard Total Stock Market Index Fund 49.8 3 1 5.2 +1.0
SCHB Schwab U.S. Broad Market ETF 49.6 3 1 5.3 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 49.6 15 -11 5.1 +0.9
IWV iShares Russell 3000 ETF 49.4 20 -16 5.1 +0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 49.4 3 1 5.2 +1.0
VTHR Vanguard Russell 3000 Index Fund 49.2 10 -6 5.2 +1.0
JHML John Hancock Multifactor Large Cap ETF 46.3 34 -30 5.5 +1.3
NACP Impact Shares NAACP Minority Empowerment ETF 46.1 75 -71 4.5 +0.3
JMOM JPMorgan U.S. Momentum Factor ETF 44.2 12 -8 3.9 -0.3
SPXT ProShares S&P 500 Ex-Technology ETF 43.6 27 -23 5.6 +1.4
ESG FlexShares STOXX US ESG Impact Index Fund 43.5 32 -28 5.1 +1.0
RECS Columbia Research Enhanced Core ETF 43.3 15 -11 5.6 +1.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 42.9 19 -15 5.6 +1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 42.8 75 -71 4.5 +0.3
MTUM iShares Edge MSCI USA Momentum Factor ETF 42.6 15 -11 4.8 +0.6
QUS SPDR MSCI USA StrategicFactors ETF 41.9 15 -11 5.8 +1.6
LRGE ClearBridge Large Cap Growth ESG ETF 41.4 60 -56 3.9 -0.3
AVUS Avantis U.S. Equity ETF 41.1 15 -11 5.7 +1.5
FDMO Fidelity Momentum Factor ETF 41.1 29 -25 3.9 -0.3
SPMO Invesco S&P 500 Momentum ETF 41.0 13 -9 4.4 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 40.4 8 -4 6.4 +2.2
EXT WisdomTree U.S. Total Earnings Fund 40.0 28 -24 5.7 +1.5
VGT Vanguard Information Technology Index Fund 39.5 10 -6 4.8 +0.6
FTEC Fidelity MSCI Information Technology Index ETF 39.4 8 -4 4.8 +0.6
JQUA JPMorgan U.S. Quality Factor ETF 39.4 12 -8 5.2 +1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 39.2 75 -71 3.6 -0.5
TOK iShares MSCI Kokusai ETF 39.2 25 -21 5.7 +1.5
IYW iShares U.S. Technology ETF 39.1 42 -38 4.3 +0.1
FQAL Fidelity Quality Factor ETF 39.1 29 -25 5.4 +1.2
IUS Invesco Strategic US ETF 38.9 19 -15 6.1 +1.9
TECB iShares US Tech Breakthrough Multisector ETF 38.7 40 -36 4.1 -0.1
SYG SPDR MFS Systematic Growth Equity ETF 38.5 60 -56 4.6 +0.4
XLK Technology Select Sector SPDR Fund 37.8 13 -9 5.0 +0.8
IXN iShares Global Tech ETF 37.8 46 -42 4.8 +0.6
ADME Aptus Drawdown Managed Equity ETF 37.5 81 -77 3.8 -0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 37.3 25 -21 6.1 +1.9
KRMA Global X Conscious Companies ETF 36.6 43 -39 5.2 +1.0
URTH iShares MSCI World ETF 36.6 24 -20 5.8 +1.6
IOO iShares Global 100 ETF 36.4 40 -36 4.8 +0.7
JOYY Infusive Compounding Global Equities ETF 35.8 50 -46 3.9 -0.3
FDLO Fidelity Low Volatility Factor ETF 35.8 29 -25 5.2 +1.0
RFFC RiverFront Dynamic US Flex-Cap ETF 35.5 52 -48 5.4 +1.2
CACG ClearBridge All Cap Growth ETF 35.4 54 -50 4.4 +0.2
ACIO Aptus Collared Income Opportunity ETF 35.2 79 -75 4.5 +0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 35.2 15 -11 6.3 +2.1

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 Growth 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 25.7 %
Divided by: Fwd. P/BV 6.1 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.53
 
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.