VFVA
Vanguard U.S. Value Factor ETF
The Fund seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor.
US
EQUITY
Active
MANAGEMENT STYLE
13 bp
EXPENSES
$725.8 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Vanguard |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 13, 2018 |
| Assets (mns) | $726 |
| 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
| GENERAL MOTORS CO | 1.1 % |
| AT&T INC | 1.0 % |
| ALTRIA GROUP INC | 0.9 % |
| VERIZON COMMUNICATIONS INC | 0.9 % |
| BANK OF AMERICA CORP | 0.8 % |
| PHILLIPS 66 | 0.8 % |
| VALERO ENERGY CORP | 0.8 % |
| CITIGROUP INC | 0.8 % |
| FORD MOTOR CO | 0.7 % |
| WELLS FARGO & CO | 0.7 % |
Constituent Breakdown
| Number of holdings | 600 |
| Herfindahl-Hirschman Index | 29 |
| Wgt avg mkt cap (mns) | $44,944 |
| Large cap (>$10bn) | 49.4% |
| Mid cap ($2-10bn) | 31.5% |
| Small cap (<$2bn) | 18.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 86.0 % |
 |
BERMUDA | 2.0 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.6% | 17.0% | 14.6% | 7.0% | 12.0% | -- | 9.0% | Volatility | 13.9% | 16.1% | 20.5% | 20.5% | 27.5% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 66% |
| MSCI EAFE | 1.02 | 69% |
| MSCI Emg Mkts | 0.71 | 35% |
Liquidity Measures
| Avg. volume (000) | 33 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $117,483 |
Technical Indicators
| Recent close | $120.06 |
| 30d moving avg. | $114.51 |
| Annualized volatility | 21.3% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 4.7% |
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. VFVA |
Expenses vs. VFVA |
ALTAR Score™ vs. VFVA |
|---|---|---|---|---|
| FAB | First Trust Multi Cap Value AlphaDEX Fund | 43.7% | +54 bp | -1.1% |
| DFUV | Dimensional US Marketwide Value ETF | 37.1% | +9 bp | -2.7% |
| VLU | SPDR S&P 1500 Value Tilt ETF | 34.6% | -1 bp | -3.2% |
| VFMF | Vanguard U.S. Multifactor ETF | 33.9% | +5 bp | -1.8% |
| DFAT | Dimensional U.S. Targeted Value ETF | 33.6% | +15 bp | -2.4% |
| STXV | Strive 1000 Value ETF | 33.4% | +5 bp | -2.6% |
| PRF | Invesco FTSE RAFI US 1000 ETF | 32.6% | +26 bp | -3.2% |
| FNDB | Schwab Fundamental US Broad Market Index ETF | 31.3% | +12 bp | -3.3% |
| DFLV | Dimensional US Large Cap Value ETF | 31.2% | +9 bp | -2.5% |
| FNDX | Schwab Fundamental US Large Co. Index ETF | 30.8% | +12 bp | -3.2% |
Risk and Returns: VFVA 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
VFVA
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™
VFVA
10.3%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 10.3% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
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%. VFVA's ALTAR Score™ is approximately
1.9 standard deviations
above
the category average. This places VFVA in the 97th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VFVA
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 |
| VFVA (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) |
|
|---|---|---|---|
| VFVA | 13.0 | 10.5 | 23.5 |
| Peer Avg. | 47.5 | 20.2 | 67.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .