Vanguard Growth Index Fund
ALTAR
Score™		 3.8% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 38.1x P/Sales
ratio		 5.2x
P/BV
ratio		 7.9x Div.
yield		 0.7%


  • 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 26, 2004
Assets (mns) $61,392
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 258
Wgt avg mkt cap (mns) $650,541
Large cap (>$10bn) 98.6%
Mid cap ($2-10bn) 1.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 10.1 %
MICROSOFT CORP 9.3 %
AMAZON.COM INC 7.7 %
FACEBOOK 3.9 %
ALPHABET INC. CLASS A 2.8 %
ALPHABET INC. CLASS C 2.6 %
VISA INC-CLASS A SHARES 1.8 %
NVIDIA CORP 1.8 %
TESLA MOTORS INC 1.8 %
HOME DEPOT INC 1.7 %
Total 43.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.6 %
BRITAIN 1.1 %
IRELAND 0.8 %
BERMUDA 0.2 %
CANADA 0.2 %






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.
25.7% 38.1% 19.2% 16.7% 10.9%

Market Correlations
versus... Beta R-squared
S&P500 1.05 95%
MSCI EAFE 1.04 77%
MSCI Emg. Mkts. 0.75 62%

Technical Indicators
Recent close $230.30
30d moving avg. $229.50
Annualized volatility 19.1%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.8%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 1,059
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $202,734

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™: 3.8%


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 79.8 7 -3 4.0 +0.2
IWF iShares Russell 1000 Growth ETF 78.4 19 -15 3.7 -0.2
VOOG Vanguard S&P 500 Growth ETF 78.0 10 -6 4.2 +0.4
VONG Vanguard Russell 1000 Growth Index Fund 77.8 8 -4 3.8 -0.1
IVW iShares S&P 500 Growth ETF 77.6 18 -14 16.9 +13.1
SPYG SPDR Portfolio S&P 500 Growth ETF 77.6 4 0 4.3 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 75.2 4 0 3.4 -0.4
IUSG iShares Core S&P US Growth ETF 74.9 4 0 4.3 +0.4
IWY iShares Russell Top 200 Growth ETF 70.1 20 -16 3.8 -0.0
TMFC Motley Fool 100 Index ETF 65.6 50 -46 3.4 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 64.6 12 -8 4.6 +0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 64.2 60 -56 4.0 +0.2
IETC iShares Evolved U.S. Technology ETF 64.0 18 -14 3.7 -0.1
ESGV Vanguard ESG U.S. Stock ETF 63.5 12 -8 4.9 +1.1
IQSU IQ Candriam ESG US Equity ETF 63.1 9 -5 5.0 +1.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 62.7 21 -17 3.1 -0.8
QQQ Invesco QQQ Trust 59.2 20 -16 3.7 -0.1
QYLD Global X NASDAQ 100 Covered Call ETF 59.2 60 -56 3.4 -0.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 59.2 60 -56 3.4 -0.4
NUSI Nationwide Risk-Managed Income ETF 59.2 68 -64 3.2 -0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 59.1 0 4 5.0 +1.2
IGM iShares Expanded Tech Sector ETF 59.1 46 -42 3.7 -0.1
IWL iShares Russell Top 200 ETF 59.0 15 -11 4.8 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 58.4 27 -23 4.8 +1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 57.6 49 -45 4.0 +0.1
MGC Vanguard Mega Cap Index Fund 57.6 7 -3 5.0 +1.2
EFIV SPDR S&P 500 ESG ETF 57.5 10 -6 5.0 +1.1
HSPX Global X S&P 500 Covered Call ETF 57.5 60 -56 4.8 +1.0
SNPE Xtrackers S&P 500 ESG ETF 57.4 10 -6 4.9 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 57.3 27 -23 4.9 +1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 57.2 7 -3 5.1 +1.2
OEF iShares S&P 100 ETF 56.4 20 -16 4.7 +0.8
VV Vanguard Large-Cap Index Fund 56.4 4 0 5.1 +1.2
PBUS Invesco PureBeta MSCI USA ETF 56.3 4 0 5.1 +1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 56.0 2 2 5.1 +1.3
PBP Invesco S&P 500 BuyWrite ETF 55.9 49 -45 4.8 +1.0
XYLG Global X S&P 500 Covered Call & Growth ETF 55.8 60 -56 4.9 +1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 55.6 20 -16 5.2 +1.4
SPXE ProShares S&P 500 Ex-Energy ETF 55.4 27 -23 5.1 +1.3
XLG Invesco S&P 500 Top 50 ETF 55.3 20 -16 4.4 +0.6
SPY SPDR S&P 500 ETF Trust 55.0 9 -5 5.2 +1.4
IVV iShares Core S&P 500 ETF 55.0 3 1 5.2 +1.4
SPLG SPDR Portfolio Large Cap ETF 54.9 3 1 5.2 +1.4
SCHX Schwab U.S. Large-Cap ETF 54.8 3 1 5.0 +1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 54.7 20 -16 4.8 +1.0
CATH Global X S&P 500 Catholic Values Custom ETF 54.5 29 -25 5.0 +1.2
DSI iShares MSCI KLD 400 Social ETF 54.4 25 -21 5.0 +1.2
ESGU iShares MSCI USA ESG Optimized ETF 54.2 15 -11 4.9 +1.1
VOO VANGUARD S&P 500 ETF 54.2 3 1 5.3 +1.4
SCHK Schwab 1000 Index ETF 53.4 5 -1 5.1 +1.2
IWB iShares Russell 1000 ETF 53.3 15 -11 4.9 +1.1
IYY iShares Dow Jones U.S. ETF 53.1 20 -16 4.9 +1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 53.0 9 -5 5.4 +1.6
VEGN US Vegan Climate ETF 52.8 60 -56 5.0 +1.2
SPMO Invesco S&P 500 Momentum ETF 52.2 13 -9 3.9 +0.1
VONE Vanguard Russell 1000 ETF 52.2 8 -4 5.0 +1.2
SFY SoFi Select 500 ETF 52.1 0 4 5.0 +1.2
USXF iShares ESG Advanced MSCI USA ETF 51.7 10 -6 4.8 +1.0
VTHR Vanguard Russell 3000 Index Fund 50.9 10 -6 4.9 +1.0
SPTM SPDR Portfolio Total Stock Market ETF 50.9 3 1 5.4 +1.5
SCHB Schwab U.S. Broad Market ETF 50.6 3 1 5.0 +1.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 50.4 3 1 4.9 +1.1
IWV iShares Russell 3000 ETF 50.3 20 -16 4.8 +1.0
VTI Vanguard Total Stock Market Index Fund 48.8 3 1 4.9 +1.1
HIPR Direxion High Growth ETF 47.9 40 -36 4.5 +0.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 47.5 10 -6 5.2 +1.4
SUSL iShares ESG MSCI USA Leaders ETF 47.5 10 -6 5.2 +1.4
FDMO Fidelity Momentum Factor ETF 46.2 29 -25 3.2 -0.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 45.7 75 -71 3.8 -0.0
ESG FlexShares STOXX US ESG Impact Index Fund 45.5 32 -28 5.0 +1.2
JHML John Hancock Multifactor Large Cap ETF 45.1 29 -25 5.4 +1.5
JMOM JPMorgan U.S. Momentum Factor ETF 44.5 12 -8 3.3 -0.5
SYG SPDR MFS Systematic Growth Equity ETF 44.4 60 -56 4.0 +0.2
STLG iShares Factors US Growth Style ETF 44.3 25 -21 4.1 +0.3
MTUM iShares MSCI USA Momentum Factor ETF 43.7 15 -11 4.1 +0.3
IYW iShares U.S. Technology ETF 43.7 43 -39 3.8 +0.0
JKE iShares Morningstar Large-Cap Growth ETF 43.3 25 -21 2.9 -0.9
MMLG First Trust Multi-Manager Large Growth ETF 42.9 85 -81 2.1 -1.8
RECS Columbia Research Enhanced Core ETF 42.0 15 -11 5.5 +1.7
GBGR Global Beta Momentum-Growth ETF 41.8 29 -25 5.3 +1.4
FTEC Fidelity MSCI Information Technology Index ETF 41.8 8 -4 4.4 +0.6
VGT Vanguard Information Technology Index Fund 41.8 10 -6 4.4 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 41.5 75 -71 4.2 +0.4
SPXT ProShares S&P 500 Ex-Technology ETF 41.3 27 -23 5.5 +1.6
EXT WisdomTree U.S. Total Earnings Fund 41.2 28 -24 5.4 +1.6
KOKU Xtrackers MSCI Kokusai Equity ETF 41.1 9 -5 5.6 +1.8
TOK iShares MSCI Kokusai ETF 41.1 25 -21 5.4 +1.6
NACP Impact Shares NAACP Minority Empowerment ETF 40.6 75 -71 4.7 +0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 40.2 30 -26 6.5 +2.7
EPS WisdomTree U.S. Earnings 500 Fund 40.2 8 -4 6.3 +2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 39.8 19 -15 6.0 +2.1
AVUS Avantis U.S. Equity ETF 39.8 15 -11 5.5 +1.6
TECB iShares US Tech Breakthrough Multisector ETF 39.6 40 -36 4.0 +0.2
QUS SPDR MSCI USA StrategicFactors ETF 38.8 15 -11 5.8 +1.9
XLK Technology Select Sector SPDR Fund 38.4 13 -9 4.7 +0.9
IXN iShares Global Tech ETF 38.4 46 -42 4.4 +0.6
FQAL Fidelity Quality Factor ETF 38.3 29 -25 5.4 +1.5
AFLG First Trust Active Factor Large Cap ETF 38.1 55 -51 5.3 +1.5
URTH iShares MSCI World ETF 38.1 24 -20 5.5 +1.7
ADME Aptus Drawdown Managed Equity ETF 37.8 79 -75 3.4 -0.5

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 26.3 %
Divided by: Fwd. P/BV 6.8 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.38 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.