Vanguard Growth Index Fund
ALTAR
Score™
4.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.5x P/Sales
ratio
4.0x
P/BV
ratio
5.9x 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) $49,556
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 280
Wgt avg mkt cap (mns) $466,908
Large cap (>$10bn) 98.8%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 9.4 %
APPLE INC 8.6 %
AMAZON.COM INC 6.1 %
FACEBOOK 3.5 %
ALPHABET INC. CLASS A 3.1 %
ALPHABET INC. CLASS C 3.0 %
VISA INC-CLASS A SHARES 2.4 %
MASTERCARD INC-CLASS A 2.1 %
HOME DEPOT INC 1.8 %
COMCAST CORP-CL A 1.4 %
Total 41.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.6 %
BRITAIN 1.4 %
IRELAND 1.0 %
CANADA 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.1% 29.4% 14.2% 15.5% 10.0%

Market Correlations
versus... Beta R-squared
S&P500 1.04 92%
MSCI EAFE 0.93 62%
MSCI Emg. Mkts. 0.61 45%

Technical Indicators
Recent close $189.89
30d moving avg. $193.38
Annualized volatility 13.1%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.8%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 983
Turnover 0.4%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $111,300

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 4.5%


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 84.1 7 -3 4.6 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 79.3 4 0 4.6 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 77.8 8 -4 4.9 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 77.7 4 0 5.0 +0.5
IVW iShares S&P 500 Growth ETF 77.7 18 -14 4.8 +0.4
VOOG Vanguard S&P 500 Growth ETF 77.6 10 -6 4.9 +0.4
IWF iShares Russell 1000 Growth ETF 76.6 19 -15 4.8 +0.3
IUSG iShares Core S&P US Growth ETF 73.1 4 0 4.9 +0.4
IWY iShares Russell Top 200 Growth ETF 71.3 20 -16 4.9 +0.4
OQAL Invesco Russell 1000 Quality Factor ETF 68.9 19 -15 6.0 +1.5
OMOM Invesco Russell 1000 Momentum Factor ETF 66.0 19 -15 5.8 +1.4
TMFC Motley Fool 100 Index ETF 61.7 50 -46 4.1 -0.4
IETC iShares Evolved U.S. Technology ETF 61.0 18 -14 4.5 +0.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 60.2 60 -56 5.1 +0.6
IQSU IQ Candriam ESG US Equity ETF 58.7 9 -5 5.7 +1.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 57.5 49 -45 5.0 +0.5
IGM iShares North American Tech ETF 57.4 46 -42 4.4 -0.1
SFY SoFi Select 500 ETF 56.6 0 4 5.6 +1.1
QYLD Global X NASDAQ 100 Covered Call ETF 56.3 60 -56 4.6 +0.1
NUSI Nationwide Risk-Managed Income ETF 56.3 68 -64 4.5 -0.0

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 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 25.8 %
Divided by: Fwd. P/BV 5.7 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.