Vanguard Growth Index Fund
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
37.9x P/Sales
ratio
5.2x
P/BV
ratio
7.7x 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) $61,308
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 270
Wgt avg mkt cap (mns) $655,179
Large cap (>$10bn) 98.9%
Mid cap ($2-10bn) 1.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 10.4 %
MICROSOFT CORP 9.6 %
AMAZON.COM INC 8.0 %
FACEBOOK 3.9 %
ALPHABET INC. CLASS A 2.7 %
ALPHABET INC. CLASS C 2.6 %
VISA INC-CLASS A SHARES 1.9 %
MASTERCARD INC-CLASS A 1.8 %
HOME DEPOT INC 1.7 %
NVIDIA CORP 1.6 %
Total 44.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
BRITAIN 1.2 %
IRELAND 0.9 %
CANADA 0.2 %
BERMUDA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.9% 31.3% 15.9% 16.8% 10.7%

Market Correlations
versus... Beta R-squared
S&P500 1.03 94%
MSCI EAFE 1.00 75%
MSCI Emg. Mkts. 0.72 65%

Technical Indicators
Recent close $223.44
30d moving avg. $214.74
Annualized volatility 18.1%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.8%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 811
Turnover 0.3%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $174,940

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 81.9 7 -3 3.9 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 81.8 4 0 3.9 +0.1
VOOG Vanguard S&P 500 Growth ETF 79.4 10 -6 4.1 +0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 79.4 4 0 4.2 +0.4
IVW iShares S&P 500 Growth ETF 79.4 18 -14 4.0 +0.2
IWF iShares Russell 1000 Growth ETF 77.9 19 -15 3.6 -0.2
VONG Vanguard Russell 1000 Growth Index Fund 77.9 8 -4 3.7 -0.1
IUSG iShares Core S&P US Growth ETF 76.4 4 0 4.2 +0.4
IWY iShares Russell Top 200 Growth ETF 70.1 20 -16 3.7 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 68.4 60 -56 3.9 +0.2
TMFC Motley Fool 100 Index ETF 65.8 50 -46 3.3 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 65.6 12 -8 4.5 +0.7
IQSU IQ Candriam ESG US Equity ETF 64.0 9 -5 4.9 +1.1
IETC iShares Evolved U.S. Technology ETF 63.8 18 -14 3.7 -0.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 63.0 21 -17 3.0 -0.8
QQQ Invesco QQQ Trust 59.9 20 -16 3.7 -0.1
QYLD Global X NASDAQ 100 Covered Call ETF 59.9 60 -56 3.3 -0.5
NUSI Nationwide Risk-Managed Income ETF 59.9 68 -64 3.3 -0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 59.7 27 -23 4.7 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 59.6 27 -23 4.7 +1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 59.3 0 4 4.9 +1.2
IWL iShares Russell Top 200 ETF 59.3 15 -11 4.7 +1.0
IGM iShares Expanded Tech Sector ETF 59.1 46 -42 3.7 -0.1
PBP Invesco S&P 500 BuyWrite ETF 58.7 49 -45 4.7 +1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 58.3 49 -45 3.8 +0.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 58.0 7 -3 5.0 +1.2
HSPX Global X S&P 500 Covered Call ETF 57.6 65 -61 4.6 +0.8
SNPE Xtrackers S&P 500 ESG ETF 57.4 11 -7 4.9 +1.1
SPXE ProShares S&P 500 Ex-Energy ETF 57.3 27 -23 5.1 +1.3
VV Vanguard Large-Cap Index Fund 57.1 4 0 5.0 +1.2
PBUS Invesco PureBeta MSCI USA ETF 57.1 4 0 5.0 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 57.0 20 -16 5.1 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 56.8 2 2 5.1 +1.3
MGC Vanguard Mega Cap Index Fund 56.7 7 -3 5.0 +1.2
SPY SPDR S&P 500 ETF Trust 56.3 9 -5 5.1 +1.3
SPLG SPDR Portfolio Large Cap ETF 56.2 3 1 5.2 +1.4
IVV iShares Core S&P 500 ETF 56.2 4 0 5.2 +1.4
ESGV Vanguard ESG U.S. Stock ETF 56.2 12 -8 4.9 +1.1
VOO VANGUARD S&P 500 ETF 56.0 3 1 5.2 +1.4
OEF iShares S&P 100 ETF 56.0 20 -16 4.6 +0.8
XLG Invesco S&P 500 Top 50 ETF 55.9 20 -16 4.3 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 55.8 20 -16 4.7 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 55.8 29 -25 5.0 +1.2
SCHX Schwab U.S. Large-Cap ETF 55.5 3 1 5.1 +1.3
ESGU iShares MSCI USA ESG Optimized ETF 55.1 15 -11 4.9 +1.1
DSI iShares MSCI KLD 400 Social ETF 55.0 25 -21 5.0 +1.2
SCHK Schwab 1000 Index ETF 54.0 5 -1 5.0 +1.3
VONE Vanguard Russell 1000 ETF 54.0 8 -4 5.0 +1.2
IWB iShares Russell 1000 ETF 53.9 15 -11 4.9 +1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 53.6 9 -5 5.3 +1.5
IYY iShares Dow Jones U.S. ETF 53.4 20 -16 4.9 +1.1
VEGN US Vegan Climate ETF 53.1 60 -56 5.0 +1.2
SFY SoFi Select 500 ETF 52.9 0 4 5.0 +1.2
SPTM SPDR Portfolio Total Stock Market ETF 52.1 3 1 5.3 +1.5
SCHB Schwab U.S. Broad Market ETF 51.3 3 1 5.0 +1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 51.1 3 1 4.9 +1.2
IWV iShares Russell 3000 ETF 51.1 20 -16 4.8 +1.0
VTHR Vanguard Russell 3000 Index Fund 51.0 10 -6 4.8 +1.1
VTI Vanguard Total Stock Market Index Fund 50.1 3 1 4.9 +1.1
SUSL iShares ESG MSCI USA Leaders ETF 48.2 10 -6 5.1 +1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 48.2 10 -6 5.1 +1.4
ESG FlexShares STOXX US ESG Impact Index Fund 47.7 32 -28 4.8 +1.0
HIPR Direxion High Growth ETF 47.7 40 -36 4.3 +0.5
JHML John Hancock Multifactor Large Cap ETF 46.7 29 -25 5.3 +1.5
JMOM JPMorgan U.S. Momentum Factor ETF 44.7 12 -8 3.6 -0.2
SPXT ProShares S&P 500 Ex-Technology ETF 43.5 27 -23 5.4 +1.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 43.4 15 -11 4.1 +0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 43.2 75 -71 3.9 +0.2
FDMO Fidelity Momentum Factor ETF 43.1 29 -25 3.7 -0.1
JKE iShares Morningstar Large-Cap Growth ETF 42.9 25 -21 2.8 -1.0
SYG SPDR MFS Systematic Growth Equity ETF 42.5 60 -56 4.2 +0.4
STLG iShares Factors US Growth Style ETF 42.5 25 -21 3.5 -0.3
RECS Columbia Research Enhanced Core ETF 42.4 15 -11 5.4 +1.6
AVUS Avantis U.S. Equity ETF 42.1 15 -11 5.4 +1.6
IYW iShares U.S. Technology ETF 42.1 42 -38 3.9 +0.1
EXT WisdomTree U.S. Total Earnings Fund 41.9 28 -24 5.0 +1.2
SPMO Invesco S&P 500 Momentum ETF 41.5 13 -9 4.1 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 41.4 8 -4 6.2 +2.4
NACP Impact Shares NAACP Minority Empowerment ETF 41.4 75 -71 4.6 +0.8
FTEC Fidelity MSCI Information Technology Index ETF 41.2 8 -4 4.4 +0.6
VGT Vanguard Information Technology Index Fund 41.2 10 -6 4.4 +0.6
TOK iShares MSCI Kokusai ETF 41.1 25 -21 5.3 +1.6
KOKU Xtrackers MSCI Kokusai Equity ETF 41.0 9 -5 5.5 +1.7
QUS SPDR MSCI USA StrategicFactors ETF 40.1 15 -11 5.6 +1.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 39.8 19 -15 5.8 +2.0
TECB iShares US Tech Breakthrough Multisector ETF 39.3 40 -36 4.0 +0.2
FQAL Fidelity Quality Factor ETF 39.2 29 -25 5.3 +1.5
ADME Aptus Drawdown Managed Equity ETF 38.7 81 -77 3.2 -0.6
XLK Technology Select Sector SPDR Fund 38.7 13 -9 4.6 +0.8
IXN iShares Global Tech ETF 38.7 46 -42 4.3 +0.5
URTH iShares MSCI World ETF 38.3 24 -20 5.5 +1.7
JQUA JPMorgan U.S. Quality Factor ETF 38.2 12 -8 5.1 +1.4
KRMA Global X Conscious Companies ETF 37.8 43 -39 4.9 +1.2
IOO iShares Global 100 ETF 37.7 40 -36 4.6 +0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 37.4 30 -26 6.2 +2.4
SFYF SoFi 50 ETF 37.3 29 -25 1.7 -2.1
AFLG First Trust Active Factor Large Cap ETF 37.2 55 -51 5.3 +1.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 36.9 25 -21 6.2 +2.4
LRGE ClearBridge Large Cap Growth ESG ETF 36.9 59 -55 3.6 -0.2
SUSA iShares MSCI USA ESG Select ETF 36.7 25 -21 4.6 +0.8

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 26.2 %
Divided by: Fwd. P/BV 6.9 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
1.37 CATEGORY
AVERAGE
1.52
 
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.