Vanguard Large-Cap Index Fund
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.3x P/Sales
ratio
2.4x
P/BV
ratio
3.2x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Large-Cap ETF seeks to track the performance of the MSCI US Prime Market 750 Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 30, 2004
Assets (mns) $17,524
Currency USD
Expense ratio 4 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian JPMorgan Chase Bank
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 587
Wgt avg mkt cap (mns) $343,550
Large cap (>$10bn) 97.1%
Mid cap ($2-10bn) 2.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 5.4 %
APPLE INC 4.9 %
AMAZON.COM INC 4.0 %
FACEBOOK 2.1 %
ALPHABET INC. CLASS A 1.6 %
ALPHABET INC. CLASS C 1.6 %
JOHNSON & JOHNSON 1.5 %
BERKSHIRE HATHAWAY INC-CL B 1.4 %
VISA INC-CLASS A SHARES 1.3 %
JPMORGAN CHASE & CO 1.1 %
Total 24.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
IRELAND 1.7 %
BRITAIN 0.9 %
SWITZERLAND 0.3 %
BERMUDA 0.2 %
CANADA 0.1 %





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.
-4.3% 13.4% 9.8% 13.2% 8.7%

Market Correlations
versus... Beta R-squared
S&P500 1.00 100%
MSCI EAFE 1.00 86%
MSCI Emg. Mkts. 0.74 71%

Technical Indicators
Recent close $144.53
30d moving avg. $134.78
Annualized volatility 17.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.4%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 394
Turnover 0.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $283,666

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard Large-Cap Index Fund ETF based on the alternatives' overlap in portfolio holdings with VV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VV Expense: 4 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VV
Ticker Fund
Name
Overlap1
vs VV
(%)
Expense
ratio
(bp)
Savings
vs VV
(bp)
ALTAR
Score™
(%)
ALTAR
vs VV
(%)
PBUS Invesco PureBeta MSCI USA ETF 96.9 4 0 5.3 -0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 96.7 2 2 5.4 +0.1
PBP Invesco S&P 500 BuyWrite ETF 95.7 49 -45 5.1 -0.2
IVV iShares Core S&P 500 ETF 95.6 4 0 5.4 +0.1
VOO VANGUARD S&P 500 ETF 95.6 3 1 5.5 +0.2
SPY SPDR S&P 500 ETF Trust 95.6 9 -5 5.4 +0.1
SPLG SPDR Portfolio Large Cap ETF 95.6 3 1 5.5 +0.2
HSPX Global X S&P 500 Covered Call ETF 95.4 65 -61 4.9 -0.4
SCHX Schwab U.S. Large-Cap ETF 95.1 3 1 5.3 +0.0
SPXE ProShares S&P 500 Ex-Energy ETF 92.9 27 -23 5.4 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 92.8 20 -16 5.4 +0.1
IWB iShares Russell 1000 ETF 92.6 15 -11 5.2 -0.1
SCHK Schwab 1000 Index ETF 92.1 5 -1 5.3 +0.0
VONE Vanguard Russell 1000 ETF 92.0 8 -4 5.3 +0.0
SPTM SPDR Portfolio Total Stock Market ETF 91.2 3 1 5.5 +0.2
IYY iShares Dow Jones U.S. ETF 91.2 20 -16 5.2 -0.1
VTI Vanguard Total Stock Market Index Fund 88.0 3 1 5.2 -0.1
SCHB Schwab U.S. Broad Market ETF 87.6 3 1 5.3 -0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 87.4 3 1 5.2 -0.1
IWV iShares Russell 3000 ETF 87.3 20 -16 5.1 -0.2
VTHR Vanguard Russell 3000 Index Fund 86.9 10 -6 5.2 -0.2
MGC Vanguard Mega Cap Index Fund 84.9 7 -3 5.3 -0.0
ESGV Vanguard ESG U.S. Stock ETF 83.3 12 -8 5.3 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 83.1 27 -23 5.1 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 81.2 27 -23 5.1 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 80.9 29 -25 5.3 -0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 80.5 20 -16 5.0 -0.3
SFY SoFi Select 500 ETF 80.1 0 4 5.3 -0.0
IWL iShares Russell Top 200 ETF 79.7 15 -11 5.1 -0.2
JHML John Hancock Multifactor Large Cap ETF 77.0 34 -30 5.5 +0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 74.6 9 -5 5.5 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 74.4 8 -4 6.4 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 73.5 15 -11 5.1 -0.2
SNPE Xtrackers S&P 500 ESG ETF 73.1 11 -7 5.2 -0.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 72.5 25 -21 6.1 +0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 72.4 12 -8 5.1 -0.3
SPXT ProShares S&P 500 Ex-Technology ETF 70.7 27 -23 5.6 +0.3
IQSU IQ Candriam ESG US Equity ETF 70.3 9 -5 5.2 -0.1
TOK iShares MSCI Kokusai ETF 69.1 25 -21 5.7 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 68.7 25 -21 6.4 +1.1
AVUS Avantis U.S. Equity ETF 67.9 15 -11 5.7 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 67.6 4 0 4.4 -0.9
IVW iShares S&P 500 Growth ETF 67.6 18 -14 4.3 -1.0
VOOG Vanguard S&P 500 Growth ETF 67.4 10 -6 4.4 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 67.1 25 -21 6.4 +1.1
QUS SPDR MSCI USA StrategicFactors ETF 66.9 15 -11 5.8 +0.5
IUSG iShares Core S&P US Growth ETF 66.9 4 0 4.5 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 66.0 39 -35 6.7 +1.4
IUS Invesco Strategic US ETF 65.6 19 -15 6.1 +0.8
URTH iShares MSCI World ETF 64.3 24 -20 5.8 +0.5
OEF iShares S&P 100 ETF 63.8 20 -16 4.9 -0.4
VONG Vanguard Russell 1000 Growth Index Fund 62.5 8 -4 4.4 -0.9
IWF iShares Russell 1000 Growth ETF 62.5 19 -15 4.3 -1.0
DIVB iShares U.S. Dividend & Buyback ETF 61.0 25 -21 6.4 +1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 60.8 60 -56 4.5 -0.8
RWL Invesco S&P 500 Revenue ETF 60.7 39 -35 6.7 +1.4
ESG FlexShares STOXX US ESG Impact Index Fund 60.6 32 -28 5.1 -0.2
DLN WisdomTree U.S. LargeCap Dividend Fund 59.7 28 -24 6.3 +1.0
DTD WisdomTree U.S.Total Dividend Fund 59.5 28 -24 6.5 +1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 59.3 30 -26 6.6 +1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 58.7 15 -11 6.3 +1.0
VLU SPDR S&P 1500 Value Tilt ETF 57.7 12 -8 7.0 +1.7
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 57.0 29 -25 4.3 -1.0
ACWI iShares MSCI ACWI ETF 56.6 32 -28 6.0 +0.7
VOOV Vanguard S&P 500 Value ETF 56.2 15 -11 7.1 +1.8
VUG Vanguard Growth Index Fund 56.2 4 0 4.2 -1.1
SPYV SPDR Portfolio S&P 500 Value ETF 56.1 4 0 7.2 +1.9
IVE iShares S&P 500 Value ETF 56.1 18 -14 7.1 +1.8
SCHG Schwab U.S. Large-Cap Growth ETF 55.9 4 0 4.3 -1.0
IUSV iShares Core S&P U.S. Value ETF 55.5 4 0 7.3 +2.0
EXT WisdomTree U.S. Total Earnings Fund 55.3 28 -24 5.7 +0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 54.8 20 -16 6.3 +1.0
RECS Columbia Research Enhanced Core ETF 54.8 15 -11 5.6 +0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 54.5 42 -38 5.6 +0.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 54.4 20 -16 6.3 +1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 54.0 29 -25 6.1 +0.8
NACP Impact Shares NAACP Minority Empowerment ETF 53.8 75 -71 4.5 -0.8
IWY iShares Russell Top 200 Growth ETF 53.6 20 -16 4.3 -1.0
DSI iShares MSCI KLD 400 Social ETF 52.1 25 -21 5.2 -0.1
DGRO iShares Core Dividend Growth ETF 52.0 8 -4 6.4 +1.1
XLG Invesco S&P 500 Top 50 ETF 51.9 20 -16 4.7 -0.7
VEGN US Vegan Climate ETF 51.8 60 -56 5.2 -0.1
QWLD SPDR MSCI World StrategicFactors ETF 51.8 30 -26 6.0 +0.7
AFLG First Trust Active Factor Large Cap ETF 50.8 55 -51 5.5 +0.2
VT Vanguard Total World Stock Index Fund 50.4 8 -4 6.2 +0.9
SUSL iShares ESG MSCI USA Leaders ETF 50.4 10 -6 5.4 +0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.3 10 -6 5.4 +0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 50.3 75 -71 4.5 -0.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 49.6 9 -5 6.2 +0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 49.5 9 -5 5.8 +0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 49.1 49 -45 4.1 -1.2
EUSA iShares MSCI USA Equal Weighted ETF 48.7 15 -11 5.9 +0.6
IWD iShares Russell 1000 Value ETF 48.6 19 -15 6.9 +1.6
VONV Vanguard Russell 1000 Value Index Fund 48.6 8 -4 7.0 +1.7
SIZE iShares Edge MSCI USA Size Factor ETF 48.1 15 -11 5.8 +0.5
KRMA Global X Conscious Companies ETF 47.9 43 -39 5.2 -0.1
EQWL Invesco Russell Top 200 Equal Weight ETF 47.7 25 -21 5.9 +0.6
RSP Invesco S&P 500 Equal Weight ETF 47.6 20 -16 6.7 +1.4
MGK Vanguard Mega Cap Growth ETF 47.5 7 -3 4.3 -1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.3 19 -15 5.6 +0.3

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 Large-Cap Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.5 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.