Vanguard Large-Cap Index Fund
ALTAR
Score™
4.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
28.9x P/Sales
ratio
3.0x
P/BV
ratio
4.1x Div.
yield
1.4%


  • 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) $22,073
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) $476,710
Large cap (>$10bn) 98.9%
Mid cap ($2-10bn) 0.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.3 %
MICROSOFT CORP 5.0 %
AMAZON.COM INC 4.1 %
FACEBOOK 1.9 %
TESLA MOTORS INC 1.9 %
ALPHABET INC. CLASS A 1.7 %
ALPHABET INC. CLASS C 1.6 %
JOHNSON & JOHNSON 1.3 %
BERKSHIRE HATHAWAY INC-CL B 1.3 %
JPMORGAN CHASE & CO 1.2 %
Total 26.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
IRELAND 1.5 %
BRITAIN 0.8 %
SWITZERLAND 0.4 %
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.
21.0% 21.0% 15.6% 14.0% 9.9%

Market Correlations
versus... Beta R-squared
S&P500 1.01 100%
MSCI EAFE 0.93 85%
MSCI Emg. Mkts. 0.75 70%

Technical Indicators
Recent close $180.33
30d moving avg. $176.25
Annualized volatility 19.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.4%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 275
Turnover 0.2%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $288,760

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 4.6%


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
(%)
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 96.3 7 -3 4.5 -0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 96.1 2 2 4.6 +0.0
PBUS Invesco PureBeta MSCI USA ETF 95.2 4 0 4.6 0.0
SCHX Schwab U.S. Large-Cap ETF 94.0 3 1 4.6 -0.0
PBP Invesco S&P 500 BuyWrite ETF 92.8 49 -45 4.3 -0.3
SPLG SPDR Portfolio Large Cap ETF 92.7 3 1 4.7 +0.1
SPY SPDR S&P 500 ETF Trust 92.7 9 -5 4.7 +0.1
IVV iShares Core S&P 500 ETF 92.7 3 1 4.7 +0.1
VOO VANGUARD S&P 500 ETF 92.7 3 1 4.8 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 92.6 60 -56 4.4 -0.2
SCHK Schwab 1000 Index ETF 91.2 5 -1 4.6 -0.0
IWB iShares Russell 1000 ETF 90.9 15 -11 4.5 -0.1
IYY iShares Dow Jones U.S. ETF 90.6 20 -16 4.4 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 89.9 27 -23 4.6 +0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 89.3 20 -16 4.8 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 89.3 3 1 4.8 +0.2
VTHR Vanguard Russell 3000 Index Fund 88.3 10 -6 4.4 -0.2
SCHB Schwab U.S. Broad Market ETF 85.3 3 1 4.5 -0.1
IWV iShares Russell 3000 ETF 84.9 20 -16 4.3 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 84.7 3 1 4.4 -0.2
VONE Vanguard Russell 1000 ETF 83.4 8 -4 4.6 -0.0
ESGV Vanguard ESG U.S. Stock ETF 82.9 12 -8 4.5 -0.1
VTI Vanguard Total Stock Market Index Fund 82.8 3 1 4.4 -0.2
XVV iShares ESG Screened S&P 500 ETF 82.4 8 -4 4.9 +0.3
MGC Vanguard Mega Cap Index Fund 81.0 7 -3 4.6 -0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 80.5 20 -16 4.6 -0.0
SPXN ProShares S&P 500 Ex-Financials ETF 80.3 27 -23 4.3 -0.2
SFY SoFi Select 500 ETF 80.2 0 4 4.6 -0.0
ESGU iShares MSCI USA ESG Optimized ETF 79.8 15 -11 4.4 -0.2
DFAU Dimensional US Core Equity Market ETF 79.5 12 -8 4.7 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 79.4 27 -23 4.3 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 78.8 0 4 4.4 -0.1
IWL iShares Russell Top 200 ETF 78.2 15 -11 4.4 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 78.2 29 -25 4.6 -0.0
JHML John Hancock Multifactor Large Cap ETF 75.2 29 -25 4.9 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 74.0 9 -5 4.8 +0.2
IQSU IQ Candriam ESG US Equity ETF 70.3 9 -5 4.5 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 69.9 12 -8 4.0 -0.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 69.8 15 -11 4.7 +0.1
KOKU Xtrackers MSCI Kokusai Equity ETF 69.1 9 -5 5.0 +0.4
TOK iShares MSCI Kokusai ETF 69.0 25 -21 4.9 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 68.5 8 -4 5.9 +1.3
SNPE Xtrackers S&P 500 ESG ETF 67.9 10 -6 4.6 -0.0
EFIV SPDR S&P 500 ESG ETF 67.9 10 -6 4.6 -0.0
SPXT ProShares S&P 500 Ex-Technology ETF 66.7 27 -23 4.9 +0.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 65.9 25 -21 4.9 +0.3
QUS SPDR MSCI USA StrategicFactors ETF 65.3 15 -11 5.3 +0.7
ESG FlexShares STOXX US ESG Impact Index Fund 64.1 32 -28 4.5 -0.1
AVUS Avantis U.S. Equity ETF 64.1 15 -11 4.8 +0.3
URTH iShares MSCI World ETF 63.8 24 -20 5.0 +0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 63.7 30 -26 5.3 +0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 63.6 60 -56 3.6 -1.0
OEF iShares S&P 100 ETF 62.7 20 -16 4.2 -0.4
VOOG Vanguard S&P 500 Growth ETF 62.7 10 -6 3.9 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 62.5 39 -35 5.7 +1.2
SPYG SPDR Portfolio S&P 500 Growth ETF 62.2 4 0 3.6 -1.0
IVW iShares S&P 500 Growth ETF 62.2 18 -14 3.5 -1.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 62.1 25 -21 5.7 +1.2
IUSG iShares Core S&P US Growth ETF 61.5 4 0 3.6 -1.0
DIVB iShares U.S. Dividend & Buyback ETF 61.2 25 -21 5.9 +1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 59.8 25 -21 5.7 +1.1
IUS Invesco Strategic US ETF 58.8 19 -15 5.5 +0.9
VOOV Vanguard S&P 500 Value ETF 58.5 10 -6 6.6 +2.0
IWF iShares Russell 1000 Growth ETF 58.2 19 -15 3.4 -1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 58.0 15 -11 0.0 -4.6
VONG Vanguard Russell 1000 Growth Index Fund 58.0 8 -4 3.5 -1.1
SPYV SPDR Portfolio S&P 500 Value ETF 56.9 4 0 6.5 +1.9
IVE iShares S&P 500 Value ETF 56.9 18 -14 6.3 +1.7
RWL Invesco S&P 500 Revenue ETF 56.7 39 -35 6.3 +1.7
VUG Vanguard Growth Index Fund 56.5 4 0 3.5 -1.1
IUSV iShares Core S&P U.S. Value ETF 56.2 4 0 6.5 +1.9
ACWI iShares MSCI ACWI ETF 55.1 32 -28 5.1 +0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 54.7 30 -26 5.1 +0.5
VLU SPDR S&P 1500 Value Tilt ETF 54.2 12 -8 6.2 +1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 53.9 20 -16 5.3 +0.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 53.9 20 -16 5.3 +0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 53.6 28 -24 6.1 +1.5
HIPR Direxion High Growth ETF 53.5 40 -36 3.8 -0.8
RESP WisdomTree US ESG Fund of Benef Interest 53.4 28 -24 5.0 +0.5
VONV Vanguard Russell 1000 Value Index Fund 52.8 8 -4 6.2 +1.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 52.4 42 -38 4.6 -0.0
DTD WisdomTree U.S.Total Dividend Fund 52.2 28 -24 6.2 +1.7
IWD iShares Russell 1000 Value ETF 52.2 19 -15 6.1 +1.5
SCHV Schwab U.S. Large-Cap Value ETF 51.5 4 0 6.1 +1.5
IWY iShares Russell Top 200 Growth ETF 50.8 20 -16 3.5 -1.0
DSI iShares MSCI KLD 400 Social ETF 50.8 25 -21 4.6 -0.0
AFLG First Trust Active Factor Large Cap ETF 50.8 55 -51 4.7 +0.1
KRMA Global X Conscious Companies ETF 50.7 43 -39 4.8 +0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 50.4 9 -5 5.0 +0.4
QWLD SPDR MSCI World StrategicFactors ETF 49.9 30 -26 5.4 +0.8
XLG Invesco S&P 500 Top 50 ETF 49.9 20 -16 4.0 -0.6
NACP Impact Shares NAACP Minority Empowerment ETF 49.9 49 -45 4.7 +0.1
SUSA iShares MSCI USA ESG Select ETF 49.4 25 -21 4.2 -0.4
VT Vanguard Total World Stock ETF 48.8 8 -4 5.4 +0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 48.6 49 -45 3.4 -1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 48.2 75 -71 3.5 -1.0
RECS Columbia Research Enhanced Core ETF 48.2 15 -11 5.1 +0.5
VEGN US Vegan Climate ETF 47.8 60 -56 4.0 -0.6

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 17.1 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.