VFVA
Vanguard U.S. Value Factor ETF

Price: $112.61
Change: $0.04 (-0.0%)
Category: All Cap Equities
Last Updated:

Vitals

Issuer Vanguard
Brand Vanguard
Structure ETF
Expense Ratio 0.13%
ETF Home Page Home page
Inception Feb 13, 2018
Index Tracked ACTIVE - No Index

Analyst Report

The Vanguard U.S. Value Factor ETF aims to invest in U.S. stocks that are priced cheaply compared with their fundamental value. Investors familiar with Vanguard’s enormously popular Vanguard Value ETF (VTV), which debuted in 2004, may wonder why Vanguard would launch a rival U.S. value ETF. The biggest difference is management style: VTV tracks an index, while VFVA is actively managed. This might come as something of a surprise to Bogleheads, those devotees of the late Vanguard founder Jack Bogle, a pioneer and champion of passive investing. But Vanguard has been steadily adding to its active ETF lineup. Another key difference between VTV and VFVA is in the portfolio. Both invest in U.S. value stocks, but VTV is limited to large cap companies while VFVA invests across the size spectrum. VFVA relies on a quantitative methodology to evaluate U.S. companies of all sizes, and uses a rules-based screen to ensure diversification and to mitigate exposure to less liquid stocks. Money managers have long recognized that certain factors, when deployed during certain market conditions, consistently reward investors. There are macroeconomic trends like economic growth and inflation, as well as fairly predictable performance patterns for certain types of stocks. For example, so-called value stocks — defined as companies with low share prices relative to their fundamentals — have historically outperformed the market over the long-term. Over time, money managers have devised methodologies to identify and exploit factors such as volatility, value, quality, growth, and price momentum. Factor ETFs have proliferated in recent years and there are many active and passive ETF options that target different factors. Some funds combine factors while others, like VFVA, target a single factor. VFVA’s fees are quite low for active management and the fund has attracted significant assets since its 2018 launch. But after decades of drilling investors in the futility of stock-picking, it remains to be seen whether Vanguard’s managers can consistently beat the market after all. For investors with a strong value conviction who want a reasonably-priced fund, VFVA makes a good compliment to a core portfolio holding in U.S. equities. Investors should compare price, performance, and portfolio against other U.S. quality funds, both active and passive.

ETF Database Themes

Category All Cap Equities
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. - Total Market Value
Category Size and Style
Focus Total Market
Niche Value
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $91.73
  • 52 Week Hi $118.68
  • AUM $682.3 M
  • Shares 6.1 M

Historical Trading Data

  • 1 Month Avg. Volume 15,632
  • 3 Month Avg. Volume 13,392

Alternative ETFs in the ETF Database All Cap Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest LOPP 0.00% $11.1 M 530 3.34%
Largest (AUM) DFAC 0.17% $28.6 B 2 M 11.64%
Most Liquid (Volume) ARKK 0.75% $6.1 B 10 M -12.91%
Top YTD Performer WINN 0.57% $505.1 M 113,797 24.87%

Alternative ETFs in the FactSet Equity: U.S. - Total Market Value Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IUSV 0.04% $17.4 B 511,486 5.14%
Largest (AUM) IUSV 0.04% $17.4 B 511,486 5.14%
Most Liquid (Volume) CGDV 0.33% $8.8 B 2 M 12.16%
Top YTD Performer CGDV 0.33% $8.8 B 2 M 12.16%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

VFVA ETF Database Category Average FactSet Segment Average
Number of Holdings 577 313 299
% of Assets in Top 10 10.29% 33.12% 28.87%
% of Assets in Top 15 14.42% 41.92% 36.98%
% of Assets in Top 50 33.32% 73.54% 70.69%

Size Comparison

VFVA ETF Database Category Average FactSet Segment Average
Large (>12.9B) 44.33% 65.14% 67.76%
Mid (>2.7B) 30.25% 20.16% 19.25%
Small (>600M) 20.52% 4.27% 3.52%
Micro (<600M) 4.35% 1.43% 0.40%

VFVA Valuation

This section compares the P/E ratio of this ETF to its peers.

VFVA
P/E Ratio
8.00
ETF Database Category Average
P/E Ratio
7.49
FactSet Segment Average
P/E Ratio
5.23

VFVA Dividend

This section compares the dividend yield of this ETF to its peers.

VFVA ETF Database Category Average FactSet Segment Average
Dividend $ 0.79 $ 0.25 $ 0.30
Dividend Date 2024-06-27 N/A N/A
Annual Dividend Rate $ 2.75 $ 0.73 $ 1.03
Annual Dividend Yield 2.44% 1.51% 1.58%

VFVA Price and Volume Charts

View charts featuring VFVA price and volume data.

VFVA Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 563.45 K 1 Month Net Flows: 597.9 K 3 Month Net Flows: 3.11 M 6 Month Net Flows: 33.14 M 1 Year Net Flows: 75.65 M 3 Year Net Flows: 237.11 M 5 Year Net Flows: 490.52 M 10 Year Net Flows: 560.2 M

VFVA Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -223.05 K
1 Month Net AUM Change: -465.05 K
3 Month Net AUM Change: -36.75 M
6 Month Net AUM Change: 29.04 M
1 Year Net AUM Change: 156.4 M
3 Year Net AUM Change: 283.94 M
5 Year Net AUM Change: 615.22 M
10 Year Net AUM Change: 682.34 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for VFVA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the All Cap Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ ARKK
Expenses A LOPP
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

VFVA Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

VFVA
Expense Ratio
0.13%
ETF Database Category Average
Expense Ratio
0.48%
FactSet Segment Average
Expense Ratio
0.41%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
5.99/10
ESG Score
37.38%
Global Percentile
4.9%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      3.75%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      143.25
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      3.75%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      3.64%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

VFVA Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

VFVA ETF Database
Category Average
Factset Segment
Average
1 Month Return -2.56% 0.97% -1.02%
3 Month Return -3.19% 0.85% -1.16%
YTD Return 1.19% 8.12% 4.66%
1 Year Return 14.87% 15.36% 10.10%
3 Year Return 6.52% 1.78% 2.93%
5 Year Return 11.91% 4.30% 4.33%

Geographic Exposure

The following charts reflect the geographic spread of VFVA's underlying holdings.

Region Percentage
North, Central and South America 99.41%
Other 0.57%
Country Percentage
United States 93.45%
Bermuda 3.11%
Ireland 0.95%
Other 0.57%
Switzerland 0.49%
United Kingdom 0.48%
Monaco 0.47%
Israel 0.2%
Puerto Rico 0.13%
Brazil 0.11%
Cayman Islands 0.02%

Holdings Analysis

The following charts reflect the allocation of VFVA's underlying holdings.

Sector Percentage
Finance 30.42%
Energy Minerals 10.57%
Consumer Durables 6.34%
Transportation 5.93%
Health Technology 5.07%
Consumer Services 4.78%
Producer Manufacturing 4.2%
Consumer Non-Durables 4.16%
Process Industries 3.69%
Retail Trade 3.49%
Electronic Technology 3.47%
Distribution Services 2.9%
Communications 2.83%
Technology Services 2.43%
Health Services 2.42%
Commercial Services 2.3%
Non-Energy Minerals 2.23%
Industrial Services 1.97%
Other 0.32%
CASH 0.25%
Utilities 0.21%
Market Cap Percentage
Large 44.33%
Mid 30.25%
Small 20.52%
Micro 4.35%
Region Percentage
Asset Percentage
Share/Common/Ordinary 99.41%
Other 0.32%
CASH 0.25%
Sector Percentage
Finance 30.42%
Energy Minerals 10.57%
Consumer Durables 6.34%
Transportation 5.93%
Health Technology 5.07%
Consumer Services 4.78%
Producer Manufacturing 4.2%
Consumer Non-Durables 4.16%
Process Industries 3.69%
Retail Trade 3.49%
Electronic Technology 3.47%
Distribution Services 2.9%
Communications 2.83%
Technology Services 2.43%
Health Services 2.42%
Commercial Services 2.3%
Non-Energy Minerals 2.23%
Industrial Services 1.97%
Other 0.32%
CASH 0.25%
Utilities 0.21%

VFVA Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 138.55%
20 Day Volatility 10.87%
50 Day Volatility 12.78%
200 Day Volatility 14.04%
Beta 1.24
Standard Deviation 6.99%
5 Day Volatility
138.55%
Rank
30 of 139

20 Day Volatility
10.87%
Rank
39 of 139

50 Day Volatility
12.78%
Rank
37 of 139

200 Day Volatility
14.04%
Rank
34 of 138

Beta
1.24
Rank
12 of 132

Standard Deviation
6.99%
Rank
12 of 131

Technicals

  • 20 Day MA $112.32
  • 60 Day MA $113.33
  • MACD 15 Period 0.53
  • MACD 100 Period -0.56
  • Williams % Range 10 Day 51.18
  • Williams % Range 20 Day 35.02
  • RSI 10 Day 50
  • RSI 20 Day 49
  • RSI 30 Day 49
  • Ultimate Oscillator 47

Bollinger Bands

  • Lower Bollinger (10 Day) $111.43
  • Upper Bollinger (10 Day) $113.35
  • Lower Bollinger (20 Day) $110.55
  • Upper Bollinger (20 Day) $114.05
  • Lower Bollinger (30 Day) $110.32
  • Upper Bollinger (30 Day) $115.57

Support & Resistance

  • Support Level 1 $112.40
  • Support Level 2 $112.19
  • Resistance Level 1 $112.97
  • Resistance Level 2 $113.34

Stochastic

  • Stochastic Oscillator %D (1 Day) 46.68
  • Stochastic Oscillator %D (5 Day) 48.43
  • Stochastic Oscillator %K (1 Day) 57.51
  • Stochastic Oscillator %K (5 Day) 48.61

Tradability

  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.02
  • Maximum Premium Discount (%) 0.19
  • Average Spread (%) 11.62
  • Average Spread ($) 11.62

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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