VFQY
Vanguard U.S. Quality Factor ETF
The Fund seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor.
US
EQUITY
Active
MANAGEMENT STYLE
13 bp
EXPENSES
$344.4 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Vanguard |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 13, 2018 |
| Assets (mns) | $344 |
| Expense ratio | 13 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| QUALCOMM INC | 2.0 % |
| KLA CORPORATION | 1.9 % |
| APPLE INC | 1.9 % |
| 3M CO | 1.8 % |
| WAL-MART STORES INC | 1.7 % |
| ADOBE SYSTEMS INC | 1.6 % |
| NIKE INC -CL B | 1.6 % |
| LAM RESEARCH CORP | 1.5 % |
| ABBVIE INC | 1.5 % |
| BRISTOL-MYERS SQUIBB CO | 1.4 % |
Constituent Breakdown
| Number of holdings | 365 |
| Herfindahl-Hirschman Index | 65 |
| Wgt avg mkt cap (mns) | $163,800 |
| Large cap (>$10bn) | 65.3% |
| Mid cap ($2-10bn) | 24.4% |
| Small cap (<$2bn) | 10.3% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.3% |
Country Exposure
 |
UNITED STATES | 91.4 % |
 |
PUERTO RICO | 1.2 % |
 |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.8% | 19.7% | 19.0% | 5.7% | 12.6% | -- | 10.8% | Volatility | 12.0% | 13.2% | 18.2% | 18.9% | 23.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 89% |
| MSCI EAFE | 0.94 | 75% |
| MSCI Emg Mkts | 0.65 | 36% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $219,792 |
Technical Indicators
| Recent close | $136.95 |
| 30d moving avg. | $135.73 |
| Annualized volatility | 19.0% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 4.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VFQY |
Expenses vs. VFQY |
ALTAR Score™ vs. VFQY |
|---|---|---|---|---|
| TTAC | FCF US Quality ETF | 34.2% | +46 bp | -1.1% |
| VFMF | Vanguard U.S. Multifactor ETF | 30.8% | +5 bp | +1.1% |
| AVLV | Avantis U.S. Large Cap Value ETF | 29.1% | +2 bp | +0.1% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 28.8% | -1 bp | -1.4% |
| DUHP | Dimensional US High Profitability ETF | 27.7% | +8 bp | -0.6% |
| VALQ | American Century U.S. Quality Value ETF | 26.7% | +16 bp | +0.1% |
| ROUS | Hartford Multifactor US Equity ETF | 26.5% | +6 bp | -0.5% |
| BFOR | ALPS Barron's 400 ETF | 26.3% | +52 bp | -1.0% |
| SPHQ | Invesco S&P 500 Quality ETF | 26.2% | +2 bp | -1.7% |
| VUSE | Vident U.S. Equity Strategy ETF | 25.9% | +37 bp | -3.9% |
Risk and Returns: VFQY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VFQY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
VFQY
7.4%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.4% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. VFQY's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places VFQY in the 75th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VFQY
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| VFQY (13 bp) Percentile rank | 7 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VFQY | 13.0 | 14.9 | 27.9 |
| Peer Avg. | 47.5 | 20.2 | 67.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .