Vanguard Large-Cap ETF
ALTAR
Score™
5.9% info Recommen-
dation
UNDERWEIGHT
2017E    2018E
P/E
ratio
18.4x P/Sales
ratio
2.0x
P/BV
ratio
2.8x Div.
yield
2.0%


  • 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 Traditional Indices
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 30, 2004
Assets (mns) $9,307
Currency USD
Expense ratio 9 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 601
Wgt avg mkt cap (mns) $156,521
Large cap (>$10bn) 93.5%
Mid cap ($2-10bn) 4.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 3.4 %
MICROSOFT CORP 2.3 %
AMAZON.COM INC 1.7 %
EXXON MOBIL CORP 1.6 %
FACEBOOK 1.6 %
JOHNSON & JOHNSON 1.6 %
BERKSHIRE HATHAWAY INC-CL B 1.5 %
JPMORGAN CHASE & CO 1.5 %
GENERAL ELECTRIC CO 1.3 %
ALPHABET INC. CLASS A 1.2 %
Total 17.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.2 %
IRELAND 1.4 %
BRITAIN 0.3 %
SWITZERLAND 0.2 %
BERMUDA 0.2 %
CANADA 0.1 %
NETHERLANDS 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.1% 17.3% 13.1% 7.6% 8.2%

Market Correlations
versus... Beta R-squared
S&P500 1.02 100%
MSCI EAFE 0.70 65%
MSCI Emg. Mkts. 0.41 38%

Technical Indicators
Recent close $109.49
Annualized volatility 10.6%
Short Interest (ETF) 0.3%
Short Interest (Underlying) 2.4%
Tracking Error 0.00
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 299
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $132,068

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Vanguard Large-Cap ETF 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: 9 bp ALTAR Score™: 5.9%


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
(%)
VOO Vanguard S&P 500 ETF 95.5 5 4 5.9 -0.0
SPY S&P 500 SPDR 95.5 9 -0 5.8 -0.1
PBP PowerShares S&P 500 Buy/Write 95.5 75 -66 5.4 -0.6
HSPX Horizons S&P 500 Covered Call 95.3 65 -56 5.4 -0.6
IVV iShares Core S&P 500 95.3 4 5 5.9 -0.1
SCHX Schwab U.S. Large-Cap 94.1 4 5 5.9 +0.0
VONE Vanguard Russell 1000 92.3 12 -3 5.8 -0.1
ONEK SPDR Russell 1000 ETF 92.2 11 -2 5.8 -0.1
IWB iShares Russell 1000 91.8 15 -6 5.8 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 90.4 20 -11 5.9 -0.0
SPXE ProShares S&P 500 Ex-Energy 89.4 27 -18 6.1 +0.2
IYY iShares DJ US Total Market 89.0 20 -11 5.7 -0.2
VTI Vanguard Total Market 86.5 5 4 5.8 -0.2
THRK SPDR Russell 3000 ETF 86.1 10 -1 5.8 -0.2
VTHR Vanguard Russell 3000 86.1 15 -6 5.6 -0.3
IWV iShares Russell 3000 85.0 20 -11 5.5 -0.4
CATH Global X S&P 500 Catholic Values 84.9 29 -20 5.9 -0.1
ITOT iShares Core S&P Total US 84.4 3 6 5.7 -0.2
SCHB Schwab U.S. Broad Market 84.2 3 6 5.8 -0.1
MGC Vanguard Mega Cap 300 ETF 83.6 9 0 5.8 -0.2

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

  2012 2013 2014 2015 2016 2017E 2018E
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
  2016 2017E 2018E
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 ETF
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 above 3.0% but below 6.0%. 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 16.4 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.56
 
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.