Vanguard Growth Index Fund
ALTAR
Score™
3.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
43.0x P/Sales
ratio
6.1x
P/BV
ratio
9.4x Div.
yield
0.6%


  • 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) $69,432
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) $720,111
Large cap (>$10bn) 99.2%
Mid cap ($2-10bn) 0.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 10.9 %
MICROSOFT CORP 8.8 %
AMAZON.COM INC 7.2 %
FACEBOOK 3.4 %
TESLA MOTORS INC 3.3 %
ALPHABET INC. CLASS A 2.9 %
ALPHABET INC. CLASS C 2.7 %
VISA INC-CLASS A SHARES 1.7 %
NVIDIA CORP 1.7 %
HOME DEPOT INC 1.6 %
Total 44.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.2 %
BRITAIN 1.1 %
IRELAND 0.8 %
BERMUDA 0.2 %
CANADA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
40.2% 40.2% 20.3% 16.7% 11.4%

Market Correlations
versus... Beta R-squared
S&P500 1.04 95%
MSCI EAFE 0.93 75%
MSCI Emg. Mkts. 0.75 62%

Technical Indicators
Recent close $261.09
30d moving avg. $252.86
Annualized volatility 20.0%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.8%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 841
Turnover 0.3%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $191,190

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 3.5%


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
(%)
ESGV Vanguard ESG U.S. Stock ETF 81.7 12 -8 4.5 +1.0
IWF iShares Russell 1000 Growth ETF 79.2 19 -15 3.4 -0.1
MGK Vanguard Mega Cap Growth ETF 79.1 7 -3 3.6 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 77.6 8 -4 3.5 +0.0
VOOG Vanguard S&P 500 Growth ETF 76.1 10 -6 3.9 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 75.8 4 0 3.1 -0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 75.1 4 0 3.6 +0.2
IVW iShares S&P 500 Growth ETF 75.0 18 -14 3.5 +0.0
IUSG iShares Core S&P US Growth ETF 74.2 4 0 3.6 +0.1
IWY iShares Russell Top 200 Growth ETF 70.2 20 -16 3.5 +0.1
TMFC Motley Fool 100 Index ETF 65.7 50 -46 3.0 -0.5
IETC iShares Evolved U.S. Technology ETF 65.0 18 -14 3.4 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 64.6 60 -56 3.6 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 63.0 12 -8 4.0 +0.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 62.6 21 -17 2.8 -0.6
IGM iShares Expanded Tech Sector ETF 61.0 46 -42 3.3 -0.2
QQQM Invesco NASDAQ 100 ETF 61.0 15 -11 3.5 0.0
QQQ Invesco QQQ Trust 61.0 20 -16 3.4 -0.1
QYLD Global X NASDAQ 100 Covered Call ETF 61.0 60 -56 3.1 -0.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 61.0 60 -56 3.1 -0.4
NUSI Nationwide Risk-Managed Income ETF 61.0 68 -64 3.1 -0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 60.9 49 -45 3.4 -0.1
IQSU IQ Candriam ESG US Equity ETF 59.6 9 -5 4.5 +1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 59.5 0 4 4.4 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 58.9 27 -23 4.3 +0.9
IWL iShares Russell Top 200 ETF 58.4 15 -11 4.4 +0.9
MGC Vanguard Mega Cap Index Fund 58.1 7 -3 4.6 +1.1
XVV iShares ESG Screened S&P 500 ETF 57.6 8 -4 4.9 +1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 57.1 27 -23 4.3 +0.8
OEF iShares S&P 100 ETF 56.8 20 -16 4.2 +0.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 56.7 7 -3 4.5 +1.1
VV Vanguard Large-Cap Index Fund 56.5 4 0 4.6 +1.1
PBP Invesco S&P 500 BuyWrite ETF 56.3 49 -45 4.3 +0.8
EFIV SPDR S&P 500 ESG ETF 56.2 10 -6 4.6 +1.1
SNPE Xtrackers S&P 500 ESG ETF 56.1 10 -6 4.6 +1.1
PBUS Invesco PureBeta MSCI USA ETF 55.6 4 0 4.6 +1.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 55.6 2 2 4.6 +1.1
SPXE ProShares S&P 500 Ex-Energy ETF 55.3 27 -23 4.6 +1.1
XYLG Global X S&P 500 Covered Call & Growth ETF 55.0 60 -56 4.4 +0.9
SPY SPDR S&P 500 ETF Trust 54.6 9 -5 4.7 +1.2
IVV iShares Core S&P 500 ETF 54.6 3 1 4.7 +1.2
SPLG SPDR Portfolio Large Cap ETF 54.6 3 1 4.7 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 54.4 20 -16 4.8 +1.3
SCHX Schwab U.S. Large-Cap ETF 54.3 3 1 4.6 +1.1
DSI iShares MSCI KLD 400 Social ETF 54.2 25 -21 4.6 +1.1
XLG Invesco S&P 500 Top 50 ETF 53.7 20 -16 4.0 +0.6
VOO VANGUARD S&P 500 ETF 53.7 3 1 4.8 +1.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 53.5 20 -16 4.6 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 53.5 15 -11 4.4 +0.9
HIPR Direxion High Growth ETF 53.4 40 -36 3.8 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 53.2 9 -5 4.8 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 53.0 29 -25 4.6 +1.1
IWB iShares Russell 1000 ETF 52.6 15 -11 4.5 +1.0
SCHK Schwab 1000 Index ETF 52.6 5 -1 4.6 +1.1
IYY iShares Dow Jones U.S. ETF 52.4 20 -16 4.4 +0.9
SFY SoFi Select 500 ETF 52.0 0 4 4.6 +1.1
VEGN US Vegan Climate ETF 51.3 60 -56 4.0 +0.5
VTHR Vanguard Russell 3000 Index Fund 51.2 10 -6 4.4 +0.9
SPMO Invesco S&P 500 Momentum ETF 51.0 13 -9 3.8 +0.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 50.8 15 -11 4.7 +1.2
SPTM SPDR Portfolio Total Stock Market ETF 50.1 3 1 4.8 +1.3
SCHB Schwab U.S. Broad Market ETF 49.4 3 1 4.5 +1.0
IWV iShares Russell 3000 ETF 49.2 20 -16 4.3 +0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 49.1 3 1 4.4 +0.9
VONE Vanguard Russell 1000 ETF 48.4 8 -4 4.6 +1.1
VTI Vanguard Total Stock Market Index Fund 48.0 3 1 4.4 +0.9
JKE iShares Morningstar Large-Cap Growth ETF 47.8 25 -21 2.2 -1.3
ESG FlexShares STOXX US ESG Impact Index Fund 47.1 32 -28 4.5 +1.0
SUSL iShares ESG MSCI USA Leaders ETF 46.9 10 -6 4.8 +1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 46.9 10 -6 4.8 +1.3
FDMO Fidelity Momentum Factor ETF 45.6 29 -25 2.4 -1.0
MTUM iShares MSCI USA Momentum Factor ETF 45.5 15 -11 2.3 -1.2
STLG iShares Factors US Growth Style ETF 45.3 25 -21 3.9 +0.4
USXF iShares ESG Advanced MSCI USA ETF 45.3 10 -6 4.6 +1.1
IYW iShares U.S. Technology ETF 45.2 43 -39 3.3 -0.1
JMOM JPMorgan U.S. Momentum Factor ETF 45.0 12 -8 3.0 -0.5
SYG SPDR MFS Systematic Growth Equity ETF 44.8 60 -56 3.4 -0.1
DFAU Dimensional US Core Equity Market ETF 44.8 12 -8 4.7 +1.2
JHML John Hancock Multifactor Large Cap ETF 44.7 29 -25 4.9 +1.4
RECS Columbia Research Enhanced Core ETF 43.6 15 -11 5.1 +1.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 43.3 30 -26 5.3 +1.8
FTEC Fidelity MSCI Information Technology Index ETF 43.1 8 -4 3.9 +0.4
VGT Vanguard Information Technology Index Fund 43.1 10 -6 3.9 +0.4
SUSA iShares MSCI USA ESG Select ETF 42.2 25 -21 4.2 +0.8
RESP WisdomTree US ESG Fund of Benef Interest 40.7 28 -24 5.0 +1.6
WOMN Impact Shares YWCA Women's Empowerment ETF 40.5 75 -71 3.5 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 40.5 27 -23 4.9 +1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 40.4 15 -11 0.0 -3.5
KOKU Xtrackers MSCI Kokusai Equity ETF 40.2 9 -5 5.0 +1.5
TOK iShares MSCI Kokusai ETF 40.1 25 -21 4.9 +1.4
NACP Impact Shares NAACP Minority Empowerment ETF 39.9 49 -45 4.7 +1.2
XLK Technology Select Sector SPDR Fund 39.5 13 -9 4.2 +0.7
IXN iShares Global Tech ETF 39.5 46 -42 3.7 +0.2
ADME Aptus Drawdown Managed Equity ETF 39.2 79 -75 3.1 -0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 38.7 19 -15 5.3 +1.8
TECB iShares US Tech Breakthrough Multisector ETF 38.5 40 -36 3.5 -0.0
AVUS Avantis U.S. Equity ETF 38.3 15 -11 4.8 +1.4
EPS WisdomTree U.S. Earnings 500 Fund 38.2 8 -4 5.9 +2.4
QUS SPDR MSCI USA StrategicFactors ETF 38.2 15 -11 5.3 +1.8

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 27.3 %
Divided by: Fwd. P/BV 7.8 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.49
 
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.