Vanguard Large-Cap Index Fund
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.8x P/Sales
ratio
2.7x
P/BV
ratio
3.6x Div.
yield
1.6%


  • 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 27, 2004
Assets (mns) $19,066
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 560
Wgt avg mkt cap (mns) $440,881
Large cap (>$10bn) 97.8%
Mid cap ($2-10bn) 2.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.8 %
MICROSOFT CORP 5.3 %
AMAZON.COM INC 4.5 %
FACEBOOK 2.2 %
ALPHABET INC. CLASS A 1.6 %
ALPHABET INC. CLASS C 1.5 %
BERKSHIRE HATHAWAY INC-CL B 1.3 %
JOHNSON & JOHNSON 1.2 %
PROCTER & GAMBLE CO/THE 1.2 %
VISA INC-CLASS A SHARES 1.1 %
Total 25.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.6 %
IRELAND 1.5 %
BRITAIN 0.8 %
SWITZERLAND 0.3 %
BERMUDA 0.2 %
CANADA 0.1 %





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.
7.3% 16.9% 14.4% 13.8% 9.3%

Market Correlations
versus... Beta R-squared
S&P500 1.01 100%
MSCI EAFE 1.03 85%
MSCI Emg. Mkts. 0.74 70%

Technical Indicators
Recent close $158.58
30d moving avg. $158.25
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.4%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 276
Turnover 0.2%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $279,930

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™: 5.1%


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
(%)
BBUS JP Morgan Betabuilders U.S. Equity ETF 95.6 2 2 5.1 +0.0
PBUS Invesco PureBeta MSCI USA ETF 95.1 4 0 5.1 +0.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 94.8 7 -3 5.1 0.0
SCHX Schwab U.S. Large-Cap ETF 93.8 3 1 5.0 -0.0
SCHK Schwab 1000 Index ETF 91.5 5 -1 5.1 0.0
PBP Invesco S&P 500 BuyWrite ETF 91.5 49 -45 4.8 -0.2
SPY SPDR S&P 500 ETF Trust 91.5 9 -5 5.2 +0.1
IVV iShares Core S&P 500 ETF 91.5 3 1 5.2 +0.2
VOO VANGUARD S&P 500 ETF 91.4 3 1 5.3 +0.2
SPLG SPDR Portfolio Large Cap ETF 91.4 3 1 5.2 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 91.4 60 -56 4.9 -0.2
HSPX Global X S&P 500 Covered Call ETF 91.4 60 -56 4.8 -0.2
IWB iShares Russell 1000 ETF 91.3 15 -11 4.9 -0.1
IYY iShares Dow Jones U.S. ETF 90.9 20 -16 4.9 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 90.2 20 -16 5.2 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 89.9 3 1 5.4 +0.3
VONE Vanguard Russell 1000 ETF 89.4 8 -4 5.0 -0.0
SPXE ProShares S&P 500 Ex-Energy ETF 89.1 27 -23 5.1 +0.1
VTHR Vanguard Russell 3000 Index Fund 87.2 10 -6 4.9 -0.2
SCHB Schwab U.S. Broad Market ETF 86.3 3 1 5.0 -0.1
IWV iShares Russell 3000 ETF 86.1 20 -16 4.8 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 86.0 3 1 4.9 -0.1
VTI Vanguard Total Stock Market Index Fund 83.3 3 1 4.9 -0.1
ESGV Vanguard ESG U.S. Stock ETF 82.5 12 -8 4.9 -0.1
MGC Vanguard Mega Cap Index Fund 80.9 7 -3 5.0 -0.0
ESGU iShares MSCI USA ESG Optimized ETF 80.4 15 -11 4.9 -0.1
SFY SoFi Select 500 ETF 80.0 0 4 5.0 -0.0
SPXN ProShares S&P 500 Ex-Financials ETF 79.7 27 -23 4.8 -0.2
IWL iShares Russell Top 200 ETF 78.3 15 -11 4.8 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 78.3 29 -25 5.0 -0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 77.9 27 -23 4.9 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 77.9 20 -16 4.8 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 76.7 0 4 5.0 -0.1
JHML John Hancock Multifactor Large Cap ETF 75.1 29 -25 5.4 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 74.2 9 -5 5.4 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 72.1 8 -4 6.3 +1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 70.6 12 -8 4.6 -0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 70.0 9 -5 5.6 +0.6
TOK iShares MSCI Kokusai ETF 69.9 25 -21 5.4 +0.4
IQSU IQ Candriam ESG US Equity ETF 69.2 9 -5 5.0 -0.1
EFIV SPDR S&P 500 ESG ETF 68.7 10 -6 5.0 -0.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 68.6 25 -21 6.2 +1.1
SNPE Xtrackers S&P 500 ESG ETF 68.6 10 -6 4.9 -0.1
VOOG Vanguard S&P 500 Growth ETF 67.2 10 -6 4.2 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 66.9 4 0 4.3 -0.8
IVW iShares S&P 500 Growth ETF 66.8 18 -14 16.9 +11.9
IUSG iShares Core S&P US Growth ETF 66.1 4 0 4.3 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 65.7 27 -23 5.5 +0.4
AVUS Avantis U.S. Equity ETF 65.3 15 -11 5.5 +0.4
QUS SPDR MSCI USA StrategicFactors ETF 65.0 15 -11 5.8 +0.7
URTH iShares MSCI World ETF 64.8 24 -20 5.5 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 64.4 25 -21 6.6 +1.6
PRF Invesco FTSE RAFI US 1000 ETF 63.7 39 -35 6.7 +1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 63.5 60 -56 4.0 -1.0
ESG FlexShares STOXX US ESG Impact Index Fund 62.6 32 -28 5.0 -0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 62.3 25 -21 6.7 +1.6
OEF iShares S&P 100 ETF 61.6 20 -16 4.7 -0.4
IUS Invesco Strategic US ETF 60.3 19 -15 6.4 +1.3
DIVB iShares U.S. Dividend & Buyback ETF 59.4 25 -21 6.8 +1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 58.9 30 -26 6.5 +1.5
IWF iShares Russell 1000 Growth ETF 58.3 19 -15 3.7 -1.4
VONG Vanguard Russell 1000 Growth Index Fund 58.1 8 -4 3.8 -1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 57.3 28 -24 6.4 +1.3
DTD WisdomTree U.S.Total Dividend Fund 56.7 28 -24 6.6 +1.6
ACWI iShares MSCI ACWI ETF 56.6 32 -28 5.7 +0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 56.5 15 -11 6.1 +1.1
VUG Vanguard Growth Index Fund 56.4 4 0 3.8 -1.2
VLU SPDR S&P 1500 Value Tilt ETF 55.7 12 -8 7.3 +2.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 55.5 20 -16 6.0 +0.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 55.5 20 -16 6.0 +0.9
RWL Invesco S&P 500 Revenue ETF 55.0 39 -35 7.1 +2.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 54.8 29 -25 5.9 +0.8
EXT WisdomTree U.S. Total Earnings Fund 53.2 28 -24 5.4 +0.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 52.8 42 -38 5.2 +0.1
VONV Vanguard Russell 1000 Value Index Fund 52.1 8 -4 6.9 +1.9
IWD iShares Russell 1000 Value ETF 52.0 19 -15 6.8 +1.8
IWY iShares Russell Top 200 Growth ETF 51.6 20 -16 3.8 -1.3
VOOV Vanguard S&P 500 Value ETF 51.5 10 -6 7.2 +2.2
AFLG First Trust Active Factor Large Cap ETF 51.4 55 -51 5.3 +0.3
IVE iShares S&P 500 Value ETF 51.2 18 -14 7.1 +2.1
SPYV SPDR Portfolio S&P 500 Value ETF 51.2 4 0 7.3 +2.2
DSI iShares MSCI KLD 400 Social ETF 51.0 25 -21 5.0 -0.1
XLG Invesco S&P 500 Top 50 ETF 51.0 20 -16 4.4 -0.7
SCHV Schwab U.S. Large-Cap Value ETF 50.9 4 0 6.8 +1.7
IUSV iShares Core S&P U.S. Value ETF 50.9 4 0 7.4 +2.3
NACP Impact Shares NAACP Minority Empowerment ETF 50.5 75 -71 4.7 -0.3
VEGN US Vegan Climate ETF 50.1 60 -56 5.0 -0.1
QWLD SPDR MSCI World StrategicFactors ETF 49.8 30 -26 6.1 +1.0
WOMN Impact Shares YWCA Women's Empowerment ETF 49.3 75 -71 4.2 -0.9
RECS Columbia Research Enhanced Core ETF 49.3 15 -11 5.5 +0.5
VT Vanguard Total World Stock Index Fund 49.1 8 -4 6.0 +1.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 49.1 9 -5 5.9 +0.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 49.1 9 -5 5.8 +0.8
KRMA Global X Conscious Companies ETF 49.1 43 -39 5.1 +0.0
SUSL iShares ESG MSCI USA Leaders ETF 48.1 10 -6 5.2 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 48.0 10 -6 5.2 +0.2
MGK Vanguard Mega Cap Growth ETF 47.8 7 -3 4.0 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 47.0 49 -45 4.0 -1.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.7 19 -15 6.0 +0.9
EUSA iShares MSCI USA Equal Weighted ETF 46.7 15 -11 6.0 +1.0

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 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 16.9 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.