Vanguard High Dividend Yield Index ETF
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.7x P/Sales
ratio
1.8x
P/BV
ratio
2.1x Div.
yield
3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard High Dividend Yield ETF seeks to track the performance of the FTSE High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Nov 10, 2006
Assets (mns) $27,008
Currency USD
Expense ratio 6 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 431
Wgt avg mkt cap (mns) $134,696
Large cap (>$10bn) 92.5%
Mid cap ($2-10bn) 6.4%
Small cap (<$2bn) 1.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 3.9 %
PROCTER & GAMBLE CO/THE 3.2 %
JPMORGAN CHASE & CO 3.0 %
VERIZON COMMUNICATIONS INC 2.4 %
AT&T INC 2.1 %
PFIZER INC 2.1 %
MERCK & CO. INC. 2.0 %
INTEL CORP 2.0 %
BANK OF AMERICA CORP 2.0 %
CISCO SYSTEMS INC 2.0 %
Total 24.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
BRITAIN 1.6 %
IRELAND 0.8 %
SWITZERLAND 0.7 %
BERMUDA 0.2 %
PERU 0.1 %
PUERTO RICO 0.0 %
CANADA 0.0 %
MONACO 0.0 %
HONG KONG 0.0 %

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.
-11.7% -4.4% 7.0% 11.4% 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.92 94%
MSCI EAFE 0.95 85%
MSCI Emg. Mkts. 0.66 67%

Technical Indicators
Recent close $83.78
30d moving avg. $81.35
Annualized volatility 16.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.2%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 1,579
Turnover 0.5%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $61,646

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VYM Expense: 6 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VYM
Ticker Fund
Name
Overlap1
vs VYM
(%)
Expense
ratio
(bp)
Savings
vs VYM
(bp)
ALTAR
Score™
(%)
ALTAR
vs VYM
(%)
SCHV Schwab U.S. Large-Cap Value ETF 71.1 4 2 6.9 -0.3
USDY Pacific Global US Equity Income ETF 70.7 29 -23 7.0 -0.2
MGV Vanguard Mega Cap Value ETF 70.5 7 -1 7.0 -0.2
VTV Vanguard Value Index Fund 65.5 4 2 7.1 -0.1
DGRO iShares Core Dividend Growth ETF 63.9 8 -2 6.4 -0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 63.0 28 -22 6.2 -1.0
DTD WisdomTree U.S.Total Dividend Fund 61.9 28 -22 6.4 -0.8
IWX iShares Russell Top 200 Value ETF 59.9 20 -14 6.6 -0.6
SPYV SPDR Portfolio S&P 500 Value ETF 58.4 4 2 7.1 -0.1
IVE iShares S&P 500 Value ETF 58.4 18 -12 7.0 -0.2
VOOV Vanguard S&P 500 Value ETF 57.9 15 -9 7.0 -0.2
IUSV iShares Core S&P U.S. Value ETF 56.8 4 2 7.2 -0.0
PFM Invesco Dividend Achievers ETF 55.0 54 -48 5.2 -2.0
OUSA O'Shares FTSE US Quality Dividend ETF 54.6 48 -42 5.5 -1.7
JKF iShares Morningstar Large Cap Value ETF 54.5 25 -19 7.4 +0.2
RAFE PIMCO RAFI ESG U.S. ETF 54.1 29 -23 7.4 +0.2
IWD iShares Russell 1000 Value ETF 51.7 19 -13 6.7 -0.5
VONV Vanguard Russell 1000 Value Index Fund 51.5 8 -2 6.8 -0.4
DIVB iShares U.S. Dividend & Buyback ETF 50.8 25 -19 6.3 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 49.5 39 -33 6.5 -0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 47.9 25 -19 6.1 -1.1
FDRR Fidelity Dividend ETF for Rising Rates 46.8 29 -23 6.7 -0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 45.9 25 -19 6.1 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 44.8 8 -2 6.2 -1.0
RNDV US Equity Dividend Select ETF 44.6 50 -44 7.8 +0.6
VLU SPDR S&P 1500 Value Tilt ETF 43.3 12 -6 7.0 -0.2
EQWL Invesco Russell Top 200 Equal Weight ETF 43.0 25 -19 5.9 -1.3
DEW WisdomTree Global High Dividend Fund 42.7 58 -52 9.1 +1.9
QUS SPDR MSCI USA StrategicFactors ETF 42.0 15 -9 5.6 -1.6
SPXT ProShares S&P 500 Ex-Technology ETF 41.6 27 -21 5.4 -1.8
DHS WisdomTree U.S. High Dividend Fund 40.8 38 -32 8.4 +1.2
QDEF FlexShares Quality Dividend Defensive Index Fund 40.8 37 -31 5.6 -1.6
QDF FlexShares Quality Dividend Index Fund 40.6 37 -31 5.9 -1.3
JVAL JPMorgan U.S. Value Factor ETF 38.8 12 -6 8.3 +1.1
FLQL Franklin LibertyQ U.S. Equity ETF 38.7 15 -9 5.9 -1.3
IUS Invesco Strategic US ETF 38.5 19 -13 6.2 -1.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 38.2 38 -32 7.6 +0.4
RWL Invesco S&P 500 Revenue ETF 38.2 39 -33 6.8 -0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 38.2 29 -23 5.8 -1.4
HDV iShares Core High Dividend ETF 38.2 8 -2 6.6 -0.6
ESG FlexShares STOXX US ESG Impact Index Fund 38.1 32 -26 4.8 -2.4
REVS Columbia Research Enhanced Value ETF 37.7 19 -13 7.2 -0.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 37.6 10 -4 5.1 -2.1
SUSL iShares ESG MSCI USA Leaders ETF 37.5 10 -4 5.1 -2.1
NACP Impact Shares NAACP Minority Empowerment ETF 37.4 75 -69 4.6 -2.6
FDVV Fidelity Core Dividend ETF 37.3 29 -23 6.9 -0.3
ROUS Hartford Multifactor US Equity ETF 37.1 19 -13 6.9 -0.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 37.0 28 -22 6.2 -1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 36.6 30 -24 6.2 -1.0
OEF iShares S&P 100 ETF 36.4 20 -14 4.6 -2.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.4 12 -6 4.6 -2.6
RECS Columbia Research Enhanced Core ETF 36.1 15 -9 5.4 -1.8
PBP Invesco S&P 500 BuyWrite ETF 35.7 49 -43 4.7 -2.5
NULV Nuveen ESG Large-Cap Value ETF 35.6 35 -29 7.0 -0.2
FVD First Trust Value Line Dividend Index Fund 35.3 70 -64 6.1 -1.1
PWV Invesco Dynamic Large Cap Value ETF 35.2 55 -49 8.5 +1.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 35.2 37 -31 5.9 -1.3
DURA VanEck Vectors Morningstar Durable Dividend ETF 35.0 29 -23 6.8 -0.4
JQUA JPMorgan U.S. Quality Factor ETF 34.9 12 -6 5.1 -2.1
HSPX Global X S&P 500 Covered Call ETF 34.7 65 -59 4.6 -2.6
VIG Vanguard Dividend Appreciation Index Fund 34.5 6 0 5.1 -2.1
FVAL Fidelity Value Factor ETF 34.2 29 -23 7.6 +0.4
MGC Vanguard Mega Cap Index Fund 34.2 7 -1 5.0 -2.2
CCOR Core Alternative ETF 34.2 123 -117 4.1 -3.1
SPY SPDR S&P 500 ETF Trust 34.2 9 -3 5.1 -2.1
IVV iShares Core S&P 500 ETF 34.1 4 2 5.2 -2.0
SPLG SPDR Portfolio Large Cap ETF 34.1 3 3 5.2 -2.0
SNPE Xtrackers S&P 500 ESG ETF 34.1 11 -5 4.9 -2.3
VOO VANGUARD S&P 500 ETF 33.9 3 3 5.2 -2.0
FLLV Franklin Liberty U.S. Low Volatility ETF 33.8 29 -23 5.5 -1.7
BKLC BNY Mellon US Large Cap Core Equity ETF 33.8 0 6 4.9 -2.3
IWL iShares Russell Top 200 ETF 33.8 15 -9 4.7 -2.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 33.7 20 -14 4.7 -2.5
HLAL Wahed FTSE USA Shariah ETF 33.7 50 -44 4.3 -2.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 33.6 19 -13 5.8 -1.4
JHML John Hancock Multifactor Large Cap ETF 33.4 29 -23 5.3 -1.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 33.3 20 -14 5.1 -2.1
SPXV ProShares S&P 500 Ex-Health Care ETF 33.2 27 -21 4.7 -2.5
EDOW First Trust Dow 30 Equal Weight ETF 33.1 50 -44 5.7 -1.5
SPTM SPDR Portfolio Total Stock Market ETF 32.8 3 3 5.3 -1.9
JDIV JPMorgan U.S. Dividend ETF 32.8 12 -6 7.5 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 32.8 27 -21 5.1 -2.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.8 7 -1 5.0 -2.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 32.7 7 -1 6.7 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.6 2 4 5.1 -2.1
AVUS Avantis U.S. Equity ETF 32.6 15 -9 5.4 -1.8
ESGU iShares MSCI USA ESG Optimized ETF 32.5 15 -9 4.9 -2.3
PBUS Invesco PureBeta MSCI USA ETF 32.4 4 2 5.0 -2.2
SCIU Global X Scientific Beta US ETF 32.3 19 -13 5.6 -1.6
SPXN ProShares S&P 500 Ex-Financials ETF 32.2 27 -21 4.7 -2.5
SCHX Schwab U.S. Large-Cap ETF 32.2 3 3 5.1 -2.1
XLG Invesco S&P 500 Top 50 ETF 32.2 20 -14 4.3 -2.9
VV Vanguard Large-Cap Index Fund 32.1 4 2 5.0 -2.2
DSI iShares MSCI KLD 400 Social ETF 31.9 25 -19 5.0 -2.2
USMV iShares Edge MSCI Min Vol USA ETF 31.7 15 -9 5.3 -1.9
LVUS Hartford Multifactor Low Volatility US Equity ETF 31.7 19 -13 5.8 -1.4
SCHK Schwab 1000 Index ETF 31.6 5 1 5.0 -2.2
IYY iShares Dow Jones U.S. ETF 31.5 20 -14 4.9 -2.3
VONE Vanguard Russell 1000 ETF 31.4 8 -2 5.0 -2.2
STLV iShares Factors US Value Style ETF 31.4 25 -19 6.7 -0.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 High Dividend Yield Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.7 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 6 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.