Historically extended market has been basically neutral on HmL (technically it has skewed towards value, but by an insignificant amount). It does have a negative profitability loading, due to the S&P profitability requirement that you mentioned.CuriousTacos wrote: ↑Thu Mar 18, 2021 11:39 amTo add more detail, the Vanguard Extended Market Index Fund tracks everything that isn't included in the S&P 500. Since the S&P 500 has some profitability requirements, there are often large growth companies (like Tesla until recently, and Square, Zoom, Uber, etc currently) that are excluded from the S&P 500 and therefore are the largest holdings in the Extended Market Index. This is one more reason why it skews to growth, so I think of the Extended Market Index as LargeGrowth+Mid+Small+Micro.
If your goal is to supplement S&P 500 funds to capture the whole market, this is perfect, but perhaps not so perfect if your goal is something else.
Small Cap Value heads Rejoice !!!
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Re: Small Cap Value heads Rejoice !!!
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Re: Small Cap Value heads Rejoice !!!
Indeed, the overall HmL loading is essentially neutral, but the S&P (and Vanguard) mid-cap and small-cap indices have skewed towards value, so the extended market index typically adds some negative loading relative to those. You are probably correct that the difference is more noticeable in the Profitability loading, since that is more closely related to the S&P 500 inclusion requirement.absolute zero wrote: ↑Fri Mar 19, 2021 9:30 am Historically extended market has been basically neutral on HmL (technically it has skewed towards value, but by an insignificant amount). It does have a negative profitability loading, due to the S&P profitability requirement that you mentioned.
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Re: Small Cap Value heads Rejoice !!!
I'm currently holding the Extended Market fund in my TSP since it's the only smaller cap option that I have there. I hold no S&P 500 currently. It is less than optimal if you are targeting small value, but it definitely comes closer to meeting the requirement than the S&P 500 fund. Just like the EAFE fund doesn't really match what I'm going for, but it does provide me with international exposure, so I'm okay with it for the time being.
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Re: Small Cap Value heads Rejoice !!!
Since we get a good amount of posters asking about how to tilt and what funds to use, I was wondering: Does it make sense to pool our opinions and come out with some recommended funds and tilt guidelines for people to use?
We could put that info on the wiki, or the first post of a thread (which we then always link to).
We could put that info on the wiki, or the first post of a thread (which we then always link to).
"... so high a present discounted value of wealth, it is only prudent for him to put more into common stocks compared to his present tangible wealth, borrowing if necessary" - Paul Samuelson
Re: Small Cap Value heads Rejoice !!!
Factor loads between 0.1 and 0.3, or 25%-50% of your equities in factor-heavy funds
Focus on HmL and SmB since they are cheaply-accessed.
Try to avoid negative momentum?
US: VFMF, IJS, SLYV, FNDA, AVUV
ex-US: FNDC, FNDF, HDEF, AVDV, VSS
Good enough?
Focus on HmL and SmB since they are cheaply-accessed.
Try to avoid negative momentum?
US: VFMF, IJS, SLYV, FNDA, AVUV
ex-US: FNDC, FNDF, HDEF, AVDV, VSS
Good enough?
Crom laughs at your Four Winds
Re: Small Cap Value heads Rejoice !!!
I like the idea.Steve Reading wrote: ↑Mon Mar 22, 2021 10:23 am Since we get a good amount of posters asking about how to tilt and what funds to use, I was wondering: Does it make sense to pool our opinions and come out with some recommended funds and tilt guidelines for people to use?
We could put that info on the wiki, or the first post of a thread (which we then always link to).
Re: Small Cap Value heads Rejoice !!!
iShares Morningstar Small Cap Value ETF (formerly JKL, now ISCV) has an expense ratio of 0.06% (formerly 0.3%).
https://www.ishares.com/us/literature/p ... x-etfs.pdf
Going by the Morningstar data it's smaller and cheaper than VBR on all value metrics listed.
Credits to Vineviz for the find.
https://www.ishares.com/us/literature/p ... x-etfs.pdf
Going by the Morningstar data it's smaller and cheaper than VBR on all value metrics listed.
Credits to Vineviz for the find.
Re: Small Cap Value heads Rejoice !!!
YRT70 wrote: ↑Mon Mar 22, 2021 10:40 am iShares Morningstar Small Cap Value ETF (formerly JKL, now ISCV) has an expense ratio of 0.06% (formerly 0.3%).
https://www.ishares.com/us/literature/p ... x-etfs.pdf
Going by the Morningstar data it's smaller and cheaper than VBR on all value metrics listed.
Credits to Vineviz for the find.
That's a lot of big ER drops.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
Re: Small Cap Value heads Rejoice !!!
Anyone getting interested in commodity futures again as a complement to SV?
Just added a little VCMDX.
Just added a little VCMDX.
Re: Small Cap Value heads Rejoice !!!
I was just scrolling through my Google feed and I did a double take when I saw how low they cut the ER. iShares and Morningstar are really trying to gain ground with these funds after having small AUM for the past 15+ years. I was looking at the fundamentals for JKL and the value/profitability numbers are pretty similar to IJS, and the average market cap is $3.5 billion, IJS is smaller at $1.8 billion. The index for JKL/ISCV is also changing so I don't know if the numbers will stay the same or they might change in a significant wayYRT70 wrote: ↑Mon Mar 22, 2021 10:40 am iShares Morningstar Small Cap Value ETF (formerly JKL, now ISCV) has an expense ratio of 0.06% (formerly 0.3%).
https://www.ishares.com/us/literature/p ... x-etfs.pdf
Going by the Morningstar data it's smaller and cheaper than VBR on all value metrics listed.
Credits to Vineviz for the find.
I did a Morningstar X-Ray for some iShares funds, maybe someone will find it useful. I didn't include Vanguard because I think the data is collected at different times
AVUV | AVDV | FNDE | SCHP | LendingClub | Prosper
Re: Small Cap Value heads Rejoice !!!
All of a sudden morningstar SCV becomes very interesting...
Here is the 2 pager methodology for the M* indices:
https://www.morningstar.com/content/dam ... 012221.pdf
FF 5 factor regressions:
Name Ticker Start Date End Date Rm-Rf SMB HML RMW CMA Alpha Annual Alpha R2
Avantis U.S. Small Cap Value ETF AVUV Oct 2019 Feb 2021 1.00 1.01 0.53 0.85 -0.11 0.42% 5.02% 99.4%
iShares Morningstar Small-Cap Value ETF JKL Oct 2019 Feb 2021 1.18 0.50 0.67 -0.42 -0.71 -0.70% -8.37% 99.5%
SPDR S&P 600 Small Cap Value ETF SLYV Oct 2019 Feb 2021 0.97 0.68 0.57 -0.10 0.04 0.07% 0.89% 99.4%
AQR 4 factor:
Name Ticker Start Date End Date Rm-Rf SMB HML MOM Alpha Annual Alpha R2
Avantis U.S. Small Cap Value ETF AVUV Oct 2019 Feb 2021 1.04 0.73 0.80 0.05 0.43% 5.14% 98.0%
iShares Morningstar Small-Cap Value ETF JKL Oct 2019 Feb 2021 1.05 0.28 0.80 -0.08 0.15% 1.83% 98.0%
SPDR S&P 600 Small Cap Value ETF SLYV Oct 2019 Feb 2021 0.84 0.62 0.76 0.02 0.39% 4.65% 98.2%
Sorry for the bad formatting but after my quick analyses not sure I'm be switching my tax loss harvest partner from SLYV to ISCV
Here is the 2 pager methodology for the M* indices:
https://www.morningstar.com/content/dam ... 012221.pdf
FF 5 factor regressions:
Name Ticker Start Date End Date Rm-Rf SMB HML RMW CMA Alpha Annual Alpha R2
Avantis U.S. Small Cap Value ETF AVUV Oct 2019 Feb 2021 1.00 1.01 0.53 0.85 -0.11 0.42% 5.02% 99.4%
iShares Morningstar Small-Cap Value ETF JKL Oct 2019 Feb 2021 1.18 0.50 0.67 -0.42 -0.71 -0.70% -8.37% 99.5%
SPDR S&P 600 Small Cap Value ETF SLYV Oct 2019 Feb 2021 0.97 0.68 0.57 -0.10 0.04 0.07% 0.89% 99.4%
AQR 4 factor:
Name Ticker Start Date End Date Rm-Rf SMB HML MOM Alpha Annual Alpha R2
Avantis U.S. Small Cap Value ETF AVUV Oct 2019 Feb 2021 1.04 0.73 0.80 0.05 0.43% 5.14% 98.0%
iShares Morningstar Small-Cap Value ETF JKL Oct 2019 Feb 2021 1.05 0.28 0.80 -0.08 0.15% 1.83% 98.0%
SPDR S&P 600 Small Cap Value ETF SLYV Oct 2019 Feb 2021 0.84 0.62 0.76 0.02 0.39% 4.65% 98.2%
Sorry for the bad formatting but after my quick analyses not sure I'm be switching my tax loss harvest partner from SLYV to ISCV
Re: Small Cap Value heads Rejoice !!!
Nice work. I'm getting different numbers here though: https://www.morningstar.com/etfs/arcx/jkl/portfolioXacTactX wrote: ↑Mon Mar 22, 2021 2:42 pmI was just scrolling through my Google feed and I did a double take when I saw how low they cut the ER. iShares and Morningstar are really trying to gain ground with these funds after having small AUM for the past 15+ years. I was looking at the fundamentals for JKL and the value/profitability numbers are pretty similar to IJS, and the average market cap is $3.5 billion, IJS is smaller at $1.8 billion. The index for JKL/ISCV is also changing so I don't know if the numbers will stay the same or they might change in a significant wayYRT70 wrote: ↑Mon Mar 22, 2021 10:40 am iShares Morningstar Small Cap Value ETF (formerly JKL, now ISCV) has an expense ratio of 0.06% (formerly 0.3%).
https://www.ishares.com/us/literature/p ... x-etfs.pdf
Going by the Morningstar data it's smaller and cheaper than VBR on all value metrics listed.
Credits to Vineviz for the find.
I did a Morningstar X-Ray for some iShares funds, maybe someone will find it useful. I didn't include Vanguard because I think the data is collected at different times
P/E 12.38 for JKL
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Re: Small Cap Value heads Rejoice !!!
Small cap value in free fall! (Or just giving up gains)
20% VOO | 20% VXUS | 20% AVUV | 20% AVDV | 20% AVES
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Re: Small Cap Value heads Rejoice !!!
fun while it lasted I guess...Nathan Drake wrote: ↑Tue Mar 23, 2021 9:15 am Small cap value in free fall! (Or just giving up gains)
While it's true that Small Caps have been on a tear since late last year when you look at how poorly they have performed vs Large since mid 2018 the gains aren't all that impressive when you take it as an aggregate... so giving up gains that just caught up to Large isn't great.
Re: Small Cap Value heads Rejoice !!!
2 days in a row now. Anyone has an explanation?Nathan Drake wrote: ↑Tue Mar 23, 2021 9:15 am Small cap value in free fall! (Or just giving up gains)
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Re: Small Cap Value heads Rejoice !!!
Interest rate scare seems to have settled downYRT70 wrote: ↑Tue Mar 23, 2021 11:00 am2 days in a row now. Anyone has an explanation?Nathan Drake wrote: ↑Tue Mar 23, 2021 9:15 am Small cap value in free fall! (Or just giving up gains)
20% VOO | 20% VXUS | 20% AVUV | 20% AVDV | 20% AVES
Re: Small Cap Value heads Rejoice !!!
Great day for low vol ETFs SPLV & USMV.
Amateur Self-Taught Senior Macro Strategist
Re: Small Cap Value heads Rejoice !!!
Looks like a good day to be an accumulator.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
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Re: Small Cap Value heads Rejoice !!!
Lockdowns in Europe is another take.YRT70 wrote: ↑Tue Mar 23, 2021 11:00 am2 days in a row now. Anyone has an explanation?Nathan Drake wrote: ↑Tue Mar 23, 2021 9:15 am Small cap value in free fall! (Or just giving up gains)
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Re: Small Cap Value heads Rejoice !!!
Also I like to look at KRE. Low PE, low quality, but I like isolating the regional bank exposure to see how it performs.
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Re: Small Cap Value heads Rejoice !!!
Looks like Rebalancing activity led to the sell off:
https://realmoney.thestreet.com/investi ... s-15603976
Nothing has structurally changed, Small Caps will continue to lead...
https://realmoney.thestreet.com/investi ... s-15603976
Nothing has structurally changed, Small Caps will continue to lead...
- zaboomafoozarg
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Re: Small Cap Value heads Rejoice !!!
Shoot, I should've done my rebalance on Friday.
Got busy AKA lazy and waited too long.
Got busy AKA lazy and waited too long.
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Re: Small Cap Value heads Rejoice !!!
stocknoob4111 wrote: ↑Tue Mar 23, 2021 7:19 pm Looks like Rebalancing activity led to the sell off:
https://realmoney.thestreet.com/investi ... s-15603976
Nothing has structurally changed, Small Caps will continue to lead...
Interesting. Does GS publish this information? Not to try to time the market, but they seemed to have seen this coming.At the close last Friday, the Goldman Sachs pension model estimated that there was $58 billion of equities to sell by the end of the month. This ranks in the 92nd percentile and is the fourth largest estimate in absolute dollar value in the last three years.
Re: Small Cap Value heads Rejoice !!!
AVUV had an RBD yesterday 03/23 even with going ex-dividend.
Re: Small Cap Value heads Rejoice !!!
Has there been a discussion of the impact turnover has on SCV funds?
A 2001 study found that for every 100% turnover, small caps had a decrease in return of 255 bps. A more recent 2020 claim has it much lower at 53 bps.
That's still fairly significant, but I've also seen claims that ETF's are less effected by turnover. Is that true? Or is it being disproportionately effected by inefficient funds that are rarely traded?
If it is accurate it could be additional incentive to switch from a SCV fund like IJS (53% turnover) to VBR (25% turnover) depending on how much you value the IJS's additional value exposure.
A 2001 study found that for every 100% turnover, small caps had a decrease in return of 255 bps. A more recent 2020 claim has it much lower at 53 bps.
That's still fairly significant, but I've also seen claims that ETF's are less effected by turnover. Is that true? Or is it being disproportionately effected by inefficient funds that are rarely traded?
If it is accurate it could be additional incentive to switch from a SCV fund like IJS (53% turnover) to VBR (25% turnover) depending on how much you value the IJS's additional value exposure.
Re: Small Cap Value heads Rejoice !!!
Edit: wrong thread. Rest of the market is nose diving. May end up bringing value with it.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
Re: Small Cap Value heads Rejoice !!!
Yep, AVUV was up 3%ish when I posted, but ended up down 0.8%. Not a terrible nose dive, but shows you how quickly things can change. I guess I didn't miss my buying opportunity yesterday....Ignore the noise.
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Re: Small Cap Value heads Rejoice !!!
ouch! that was PAINFUL!!! You really have to have nerves of steel to be in this asset class...
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Re: Small Cap Value heads Rejoice !!!
Small Caps may enter a correction this week... we're about -9.5% from the highs and I think we're going lower...
Re: Small Cap Value heads Rejoice !!!
Hope so. I'm buying more tomorrow.stocknoob4111 wrote: ↑Wed Mar 24, 2021 8:28 pm Small Caps may enter a correction this week... we're about -9.5% from the highs and I think we're going lower...
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
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Re: Small Cap Value heads Rejoice !!!
Or look at the portfolio as a whole, and possibly increase safe bond exposure together with the SV tilt.stocknoob4111 wrote: ↑Wed Mar 24, 2021 7:41 pm ouch! that was PAINFUL!!! You really have to have nerves of steel to be in this asset class...
Dave
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Re: Small Cap Value heads Rejoice !!!
can't afford to do that with bonds paying nothing, i'm 90/10... with 25% in Small overall, along for the ride and it's going to be a bumpy one but I have my seatbelt onRandom Walker wrote: ↑Wed Mar 24, 2021 8:57 pm Or look at the portfolio as a whole, and possibly increase safe bond exposure together with the SV tilt.
Re: Small Cap Value heads Rejoice !!!
buy low opportunity.stocknoob4111 wrote: ↑Wed Mar 24, 2021 8:28 pm Small Caps may enter a correction this week... we're about -9.5% from the highs and I think we're going lower...
"Know what you own, and know why you own it." — Peter Lynch
Re: Small Cap Value heads Rejoice !!!
So if one wanted to tilt to value in USA and foreign, what are the recommended choices? SCV has done very well, I am interested in the asset class.
Thank you.
Thank you.
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Re: Small Cap Value heads Rejoice !!!
I'm using FEMS for emerging markets and I like AVUV for US and AVDV for international developed markets.
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Re: Small Cap Value heads Rejoice !!!
great bounce today... looks like sentiment is still with Small Caps!
Re: Small Cap Value heads Rejoice !!!
This is a contraindication for an SCV tilt. You should probably go back and read the thread to get a feel for the bad times.
A useful razor: anyone asking about speculative strategies on Bogleheads.org has no business using them.
Re: Small Cap Value heads Rejoice !!!
Very useful thank you.gtwhitegold wrote: ↑Thu Mar 25, 2021 7:54 pmI'm using FEMS for emerging markets and I like AVUV for US and AVDV for international developed markets.
I read the first few pages but really did not get a good answer to my question
Re: Small Cap Value heads Rejoice !!!
I don't chase performance. If I did, I'd be in techs... Hope you read up on small cap and small cap value funds. I did. I hold both small value and small blend funds. I think these make excellent fund choices:
US:
VSIAX - Vanguard Small Cap Value Index Fund Admiral Shares
VTMSX - Vanguard Tax-Managed Small Cap Fund Admiral Shares (smaller company small cap blend)
VSMAX - Vanguard Small-Cap Index Fund Admiral Shares (larger company small cap blend)
International:
VFSAX - Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (international small blend)
FISMX - Fidelity® International Small Cap Fund (international small blend)
"Know what you own, and know why you own it." — Peter Lynch
Re: Small Cap Value heads Rejoice !!!
This topic has been discussed a lot lately. You might want to read back the last 10 pages. In short, AVUV is a popular choice because it offers good exposure to value, size and profitability with a momentum screening process. If you want a cheaper TER the new iShares ISCV should be good.
PS. The fact that SCV has had a good year should not be a reason to buy it. You should be willing to stick to it very long term and you will probably need to tolerate long periods of underperformance, otherwise you may regret your decision.
Re: Small Cap Value heads Rejoice !!!
I still like VBR over ISCV for a broad smallish cap value tilt. VBR hits mid caps more so if that's not what you want then ISCV maybe more aligned. I personally like VBR for it's mid cap exposure.
I like SLYV/VIOV for pure small/micro value tilt as it has very little mid cap. I also like the SP600 based index for some quality checks in place. I hold slyv for no reason other then a coin flip between those two.
I like AVUV for slightly more multi value rankings and so far seems fairly tax efficient with low turn over and a stated goal of having costs, including taxes, in mind when making decisions.
I like SLYV/VIOV for pure small/micro value tilt as it has very little mid cap. I also like the SP600 based index for some quality checks in place. I hold slyv for no reason other then a coin flip between those two.
I like AVUV for slightly more multi value rankings and so far seems fairly tax efficient with low turn over and a stated goal of having costs, including taxes, in mind when making decisions.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
Re: Small Cap Value heads Rejoice !!!
Vineviz mentioned some reasons why he seems to prefer ISCV over VBR on the Rational Reminder forum.
Moreover, the newly revamped Morningstar Broad Style Indexes appear to be well-designed. The small cap index, for instance, will focus on smaller stocks than the CRSP index used by Vanguard for VBR. And the value metric uses a composite of five metrics, which should theoretically be more robust over time compared to the 2 or 3 metrics used by CRSP and S&P.
The Morningstar Broad Style Indexes lack the profitability screens used by S&P, Avantis, and DFA but iShares Morningstar Small-Cap Value ETF (ISCV) [the ticker has been changed from JKL] looks like a better solution for cost-obsessed investors than Vanguard Small-Cap Value ETF (VBR).
Re: Small Cap Value heads Rejoice !!!
YRT70 wrote: ↑Fri Mar 26, 2021 9:49 am Vineviz mentioned some reasons why he seems to prefer ISCV over VBR on the Rational Reminder forum.
Moreover, the newly revamped Morningstar Broad Style Indexes appear to be well-designed. The small cap index, for instance, will focus on smaller stocks than the CRSP index used by Vanguard for VBR. And the value metric uses a composite of five metrics, which should theoretically be more robust over time compared to the 2 or 3 metrics used by CRSP and S&P.
The Morningstar Broad Style Indexes lack the profitability screens used by S&P, Avantis, and DFA but iShares Morningstar Small-Cap Value ETF (ISCV) [the ticker has been changed from JKL] looks like a better solution for cost-obsessed investors than Vanguard Small-Cap Value ETF (VBR).
I agree for those that want more focus on smaller stocks. Why I like VBR with it's exposure to mid cap value too.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
Re: Small Cap Value heads Rejoice !!!
Yeah I got that part. It's not a huge difference though, VBR is ~40% mid cap, ISCV is ~20% mid cap.jason2459 wrote: ↑Fri Mar 26, 2021 10:10 amI agree for those that want more focus on smaller stocks. Why I like VBR with it's exposure to mid cap value too.YRT70 wrote: ↑Fri Mar 26, 2021 9:49 am Vineviz mentioned some reasons why he seems to prefer ISCV over VBR on the Rational Reminder forum.
Moreover, the newly revamped Morningstar Broad Style Indexes appear to be well-designed. The small cap index, for instance, will focus on smaller stocks than the CRSP index used by Vanguard for VBR. And the value metric uses a composite of five metrics, which should theoretically be more robust over time compared to the 2 or 3 metrics used by CRSP and S&P.
The Morningstar Broad Style Indexes lack the profitability screens used by S&P, Avantis, and DFA but iShares Morningstar Small-Cap Value ETF (ISCV) [the ticker has been changed from JKL] looks like a better solution for cost-obsessed investors than Vanguard Small-Cap Value ETF (VBR).
The reason I posted his comment was for the part about the value metric that use a composite of five metrics.
Re: Small Cap Value heads Rejoice !!!
Which doesn't seem to reduce the holdings as there's over 1100 equities in ISCV. Which is good for someone wanting a broader set then say the SP600 value funds. VBR has just under 1000 holdings.YRT70 wrote: ↑Fri Mar 26, 2021 10:25 amYeah I got that part. It's not a huge difference though, VBR is ~40% mid cap, ISCV is ~20% mid cap.jason2459 wrote: ↑Fri Mar 26, 2021 10:10 amI agree for those that want more focus on smaller stocks. Why I like VBR with it's exposure to mid cap value too.YRT70 wrote: ↑Fri Mar 26, 2021 9:49 am Vineviz mentioned some reasons why he seems to prefer ISCV over VBR on the Rational Reminder forum.
Moreover, the newly revamped Morningstar Broad Style Indexes appear to be well-designed. The small cap index, for instance, will focus on smaller stocks than the CRSP index used by Vanguard for VBR. And the value metric uses a composite of five metrics, which should theoretically be more robust over time compared to the 2 or 3 metrics used by CRSP and S&P.
The Morningstar Broad Style Indexes lack the profitability screens used by S&P, Avantis, and DFA but iShares Morningstar Small-Cap Value ETF (ISCV) [the ticker has been changed from JKL] looks like a better solution for cost-obsessed investors than Vanguard Small-Cap Value ETF (VBR).
The reason I posted his comment was for the part about the value metric that use a composite of five metrics.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
Re: Small Cap Value heads Rejoice !!!
Very nice new video by Ben Felix: Five Factor Investing with ETFs
https://www.youtube.com/watch?v=jKWbW7Wgm0wLarger companies like Apple and Tesla make up a larger portion of the market compared to smaller companies, and these relative weights are reflected in a market capitalization weighted index fund. Letting the market dictate your portfolio weights has lots of advantages, but pushing the fundamental logic behind index investing one step further leads to the potential for significant improvements in portfolio construction.
Re: Small Cap Value heads Rejoice !!!
iShares Launches International Small Cap Value ETF, ‘ISVL’, 30bps.
https://www.etftrends.com/equity-etf-ch ... -etf-isvl/
https://www.etftrends.com/equity-etf-ch ... -etf-isvl/