I don’t think any ETF declares capital gains, that’s one of the advantages tax-wise. The dividends being 100% qualified is likely due to all of the holdings being (profitable) US companiesIMRTguy wrote: ↑Sun Feb 05, 2023 2:55 pm AVUV seems to be very tax efficient despite turning over a large portion of its portfolio it shows no capital gains and dividends are 100% qualified. Is this due to the ETF structure? If so long term ETFs should create a lot of wealth in comparison to a similar mutual funds which would have annual capital gains/ordinary income from turnover.
Small Cap Value heads Rejoice !!!
Re: Small Cap Value heads Rejoice !!!
Re: Small Cap Value heads Rejoice !!!
ETF's can post capital gains, it's just rare(It has happened in the past).Nicolas wrote: ↑Sun Feb 05, 2023 3:00 pmI don’t think any ETF declares capital gains, that’s one of the advantages tax-wise. The dividends being 100% qualified is likely due to all of the holdings being (profitable) US companiesIMRTguy wrote: ↑Sun Feb 05, 2023 2:55 pm AVUV seems to be very tax efficient despite turning over a large portion of its portfolio it shows no capital gains and dividends are 100% qualified. Is this due to the ETF structure? If so long term ETFs should create a lot of wealth in comparison to a similar mutual funds which would have annual capital gains/ordinary income from turnover.
Whether rich or poor, a young woman should know how a bank account works, understand the composition of mortgages and bonds, and know the value of interest and how it accumulates. -Hetty Green
Re: Small Cap Value heads Rejoice !!!
AVUV according to M* is showing turnover of 24% - which is close to DFSVX (DFA SCV Mutual Fund) at 23%. I think those are moderate amounts of turnover to be expected for a Smallcap Value fund right?IMRTguy wrote: ↑Sun Feb 05, 2023 2:55 pm AVUV seems to be very tax efficient despite turning over a large portion of its portfolio it shows no capital gains and dividends are 100% qualified. Is this due to the ETF structure? If so long term ETFs should create a lot of wealth in comparison to a similar mutual funds which would have annual capital gains/ordinary income from turnover.
IJS (iShares S&P600 SCV ETF) is showing 42% turnover.
VBR tends to have a lower turnover because it has a bigger band before kicking stocks out of the underlying CRSP index.
SURGEON GENERAL'S WARNING: Any overconfidence in your investing ability, willingness and need to take risk may be hazardous to your health.
Re: Small Cap Value heads Rejoice !!!
Taking a break from the SVB threads, I see not much going on here.
My small cap value fund (VBR) was down 7.8% the past week versus down 5.7% for Total Stock. Presumably a greater drop due to exposure to financial stocks?
Anyway, carry on fellow SCV investors.
My small cap value fund (VBR) was down 7.8% the past week versus down 5.7% for Total Stock. Presumably a greater drop due to exposure to financial stocks?
Anyway, carry on fellow SCV investors.
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Re: Small Cap Value heads Rejoice !!!
Yep. "Risk" showed up. SCV is riskier.sycamore wrote: ↑Sun Mar 12, 2023 4:50 pm Taking a break from the SVB threads, I see not much going on here.
My small cap value fund (VBR) was down 7.8% the past week versus down 5.7% for Total Stock. Presumably a greater drop due to exposure to financial stocks?
Anyway, carry on fellow SCV investors.
20% VOO | 20% VXUS | 20% AVUV | 20% AVDV | 20% AVES
Re: Small Cap Value heads Rejoice !!!
Happy rebalancing. Long term treasuries were up 4%sycamore wrote: ↑Sun Mar 12, 2023 4:50 pm Taking a break from the SVB threads, I see not much going on here.
My small cap value fund (VBR) was down 7.8% the past week versus down 5.7% for Total Stock. Presumably a greater drop due to exposure to financial stocks?
Anyway, carry on fellow SCV investors.
Crom laughs at your Four Winds
Re: Small Cap Value heads Rejoice !!!
It could be, but small caps are generally more volatile than the total market. That's the expected trade-off; hopefully higher overall returns and imperfect correlation, but higher volatility.sycamore wrote: ↑Sun Mar 12, 2023 4:50 pm Taking a break from the SVB threads, I see not much going on here.
My small cap value fund (VBR) was down 7.8% the past week versus down 5.7% for Total Stock. Presumably a greater drop due to exposure to financial stocks?
Anyway, carry on fellow SCV investors.
ROTH: 50% AVGE, 10% DFAX, 40% BNDW. Taxable: 50% BNDW, 40% AVGE, 10% DFAX.
Re: Small Cap Value heads Rejoice !!!
VBR at least has had a better run YTD than VTI, so the recent bigger drop doesn't seem so surprising in that light.
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Re: Small Cap Value heads Rejoice !!!
I would if I was closer to my rebalancing band, but I still have a ways to go for that. However, I am doing soft rebalancing by directing all incoming funds into the smaller cap funds available in my wife's and my employers' accounts. No real small value funds are available in either right now.muffins14 wrote: ↑Sun Mar 12, 2023 4:56 pmHappy rebalancing. Long term treasuries were up 4%sycamore wrote: ↑Sun Mar 12, 2023 4:50 pm Taking a break from the SVB threads, I see not much going on here.
My small cap value fund (VBR) was down 7.8% the past week versus down 5.7% for Total Stock. Presumably a greater drop due to exposure to financial stocks?
Anyway, carry on fellow SCV investors.
Re: Small Cap Value heads Rejoice !!!
A most classic RBD play just happened. Remember that Fridays cannot be bona fide RBDs, but Monday was a great RBD for AVUV when it dropped an additional -3.85% by the close though it was down even further intraday. And the next day AVUV has traded as high as 75.62 though it has slacked off to 74.11 as I type this.
BND even cooperated by going up 1%+ on Friday and 1%+ on Monday, though it has gone down more than 1% from it Monday high.
In any case, selling BND on Monday to buy AVUV, then selling AVUV on Tuesday has been profitable. Should BND be rebought? I'm gonna wait for now.
Added: these kinds of trades can not be backtested with the current version of PortfolioVisualizer.com because it (a) doesn't have intraday numbers and (b) only has monthly prices anyways.
BND even cooperated by going up 1%+ on Friday and 1%+ on Monday, though it has gone down more than 1% from it Monday high.
In any case, selling BND on Monday to buy AVUV, then selling AVUV on Tuesday has been profitable. Should BND be rebought? I'm gonna wait for now.
Added: these kinds of trades can not be backtested with the current version of PortfolioVisualizer.com because it (a) doesn't have intraday numbers and (b) only has monthly prices anyways.
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Re: Small Cap Value heads Rejoice !!!
Very nice movements indeed, although I did not participate with AVUV.livesoft wrote: ↑Tue Mar 14, 2023 12:30 pm A most classic RBD play just happened. Remember that Fridays cannot be bona fide RBDs, but Monday was a great RBD for AVUV when it dropped an additional -3.85% by the close though it was down even further intraday. And the next day AVUV has traded as high as 75.62 though it has slacked off to 74.11 as I type this.
BND even cooperated by going up 1%+ on Friday and 1%+ on Monday, though it has gone down more than 1% from it Monday high.
In any case, selling BND on Monday to buy AVUV, then selling AVUV on Tuesday has been profitable. Should BND be rebought? I'm gonna wait for now.
Added: these kinds of trades can not be backtested with the current version of PortfolioVisualizer.com because it (a) doesn't have intraday numbers and (b) only has monthly prices anyways.
Instead moved $$ from BND to (SCHB) equities Friday and yesterday, and did the opposite today.
Good stuff.
Age<59.5. Early-retired. AA ~55/45. Taxable account, Roth IRA, HSA...all are 100% equities. 100% of fixed income is in tIRA. I spend from taxable and re-balance in tIRA.
- whodidntante
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Re: Small Cap Value heads Rejoice !!!
Most ETFs have never distributed capital gains.zie wrote: ↑Sun Feb 05, 2023 4:36 pmETF's can post capital gains, it's just rare(It has happened in the past).Nicolas wrote: ↑Sun Feb 05, 2023 3:00 pmI don’t think any ETF declares capital gains, that’s one of the advantages tax-wise. The dividends being 100% qualified is likely due to all of the holdings being (profitable) US companiesIMRTguy wrote: ↑Sun Feb 05, 2023 2:55 pm AVUV seems to be very tax efficient despite turning over a large portion of its portfolio it shows no capital gains and dividends are 100% qualified. Is this due to the ETF structure? If so long term ETFs should create a lot of wealth in comparison to a similar mutual funds which would have annual capital gains/ordinary income from turnover.
Folks got spooked by owning State Street ETFs during their drunken party years. I think they finally hired some adults who could pull off a heartbeat trade.
Re: Small Cap Value heads Rejoice !!!
Agreed. The iShares Core Allocation funds(AOK -> AOA) also distributed CG once a few years ago. I assume they finally also got their act together, as they haven't done it again since. That's why I said it's rare, but that it has happened in the past, so it's not just theoretically that they can, ETF's actually have. Though like you said, hopefully they have all learned their lesson(s) on how to avoid CG and won't repeat their mistakes.. but who knows There are always new exciting lessons to learn out in the world.whodidntante wrote: ↑Tue Mar 14, 2023 6:00 pmMost ETFs have never distributed capital gains.zie wrote: ↑Sun Feb 05, 2023 4:36 pmETF's can post capital gains, it's just rare(It has happened in the past).Nicolas wrote: ↑Sun Feb 05, 2023 3:00 pmI don’t think any ETF declares capital gains, that’s one of the advantages tax-wise. The dividends being 100% qualified is likely due to all of the holdings being (profitable) US companiesIMRTguy wrote: ↑Sun Feb 05, 2023 2:55 pm AVUV seems to be very tax efficient despite turning over a large portion of its portfolio it shows no capital gains and dividends are 100% qualified. Is this due to the ETF structure? If so long term ETFs should create a lot of wealth in comparison to a similar mutual funds which would have annual capital gains/ordinary income from turnover.
Folks got spooked by owning State Street ETFs during their drunken party years. I think they finally hired some adults who could pull off a heartbeat trade.
Whether rich or poor, a young woman should know how a bank account works, understand the composition of mortgages and bonds, and know the value of interest and how it accumulates. -Hetty Green
Re: Small Cap Value heads Rejoice !!!
Another day, another “well at least my future contributions are coming in soon” vibe.
Rejoice
Rejoice
Crom laughs at your Four Winds
Re: Small Cap Value heads Rejoice !!!
Unlike the previous recent down days, today international AVDV is down just as much as US AVUV. And Emerging is down too.
Re: Small Cap Value heads Rejoice !!!
Another day, but I don't have the guts yet to rinse-and-repeat, but the day is not over yet.
Re: Small Cap Value heads Rejoice !!!
The iShares allocation ETFs had to distributed capital gain because the index that the ETFs based on change its index's Methodology by remove assets such as Reit's ETF, High Yield bond's ETF, global region's specific ETFs and went all in on global stock/bond based on market cap weight.zie wrote: ↑Tue Mar 14, 2023 6:08 pmAgreed. The iShares Core Allocation funds(AOK -> AOA) also distributed CG once a few years ago. I assume they finally also got their act together, as they haven't done it again since. That's why I said it's rare, but that it has happened in the past, so it's not just theoretically that they can, ETF's actually have. Though like you said, hopefully they have all learned their lesson(s) on how to avoid CG and won't repeat their mistakes.. but who knows There are always new exciting lessons to learn out in the world.whodidntante wrote: ↑Tue Mar 14, 2023 6:00 pmMost ETFs have never distributed capital gains.zie wrote: ↑Sun Feb 05, 2023 4:36 pmETF's can post capital gains, it's just rare(It has happened in the past).Nicolas wrote: ↑Sun Feb 05, 2023 3:00 pmI don’t think any ETF declares capital gains, that’s one of the advantages tax-wise. The dividends being 100% qualified is likely due to all of the holdings being (profitable) US companiesIMRTguy wrote: ↑Sun Feb 05, 2023 2:55 pm AVUV seems to be very tax efficient despite turning over a large portion of its portfolio it shows no capital gains and dividends are 100% qualified. Is this due to the ETF structure? If so long term ETFs should create a lot of wealth in comparison to a similar mutual funds which would have annual capital gains/ordinary income from turnover.
Folks got spooked by owning State Street ETFs during their drunken party years. I think they finally hired some adults who could pull off a heartbeat trade.
Re: Small Cap Value heads Rejoice !!!
Interesting, but my understanding is, they could have temporarily increased tracking error rates and moved a little slower to shift the assets without distributing any CG, right?MaxDOL wrote: ↑Wed Mar 15, 2023 9:58 pmThe iShares allocation ETFs had to distributed capital gain because the index that the ETFs based on change its index's Methodology by remove assets such as Reit's ETF, High Yield bond's ETF, global region's specific ETFs and went all in on global stock/bond based on market cap weight.zie wrote: ↑Tue Mar 14, 2023 6:08 pm
Agreed. The iShares Core Allocation funds(AOK -> AOA) also distributed CG once a few years ago. I assume they finally also got their act together, as they haven't done it again since. That's why I said it's rare, but that it has happened in the past, so it's not just theoretically that they can, ETF's actually have. Though like you said, hopefully they have all learned their lesson(s) on how to avoid CG and won't repeat their mistakes.. but who knows There are always new exciting lessons to learn out in the world.
Whether rich or poor, a young woman should know how a bank account works, understand the composition of mortgages and bonds, and know the value of interest and how it accumulates. -Hetty Green
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Re: Small Cap Value heads Rejoice !!!
I scooped up some AVUV and AVES earlier this week. Rejoice!
Re: Small Cap Value heads Rejoice !!!
Anyone taking a look at VIOV after the split? I know it's not "cool" but I actually have it available in one of my accounts for an option. Vanguard has fractional shares for it's own ETF's, yes? Might be a interesting place to sweep funds into.
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Re: Small Cap Value heads Rejoice !!!
I've always been curious about SCV tilting but it seems like timing is everything for this asset class. Do you guys think now is a good time for a SCV tilt with the small bank failures plastered all over the news, or is there further down to go? I really can't tell how serious of a crisis it is.
Edit: This would be a permanent tilt if I were to do it. So I'm not market timing but just want to make sure I get a reasonably decent entry point.
Edit: This would be a permanent tilt if I were to do it. So I'm not market timing but just want to make sure I get a reasonably decent entry point.
Re: Small Cap Value heads Rejoice !!!
If you have to ask, you're not fit to buy SCV.strummer6969 wrote: ↑Sat Mar 18, 2023 12:01 pm I've always been curious about SCV tilting but it seems like timing is everything for this asset class. Do you guys think now is a good time for a SCV tilt with the small bank failures plastered all over the news, or is there further down to go? I really can't tell how serious of a crisis it is.
Just kidding
Some people are "committed" to SCV. It's like a relationship
Others will time the market -- see livesoft's postings about this.
Personally, I wouldn't make a buying or selling decision based on Boglehead's opinions about this or that. Ultimately you need to decide for yourself, otherwise you'll be changing your portfolio every other week, day, hour...
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Re: Small Cap Value heads Rejoice !!!
I totally agree with this. One shouldn't tilt if they can't stick with it.sycamore wrote: ↑Sat Mar 18, 2023 12:20 pmIf you have to ask, you're not fit to buy SCV.strummer6969 wrote: ↑Sat Mar 18, 2023 12:01 pm I've always been curious about SCV tilting but it seems like timing is everything for this asset class. Do you guys think now is a good time for a SCV tilt with the small bank failures plastered all over the news, or is there further down to go? I really can't tell how serious of a crisis it is.
Just kidding
Some people are "committed" to SCV. It's like a relationship
Others will time the market -- see livesoft's postings about this.
Personally, I wouldn't make a buying or selling decision based on Boglehead's opinions about this or that. Ultimately you need to decide for yourself, otherwise you'll be changing your portfolio every other week, day, hour...
Re: Small Cap Value heads Rejoice !!!
I cannot predict whether there is further down to go. I think one can have a base position in SCV, but that one needs to buy more on RBDs and sell those newly bought shares within days or weeks. Rinse and repeat. For example, if this coming week there is an RBD, then I'm buying. If no RBD happens, then I am content with my current holdings.strummer6969 wrote: ↑Sat Mar 18, 2023 12:01 pm I've always been curious about SCV tilting but it seems like timing is everything for this asset class. Do you guys think now is a good time for a SCV tilt with the small bank failures plastered all over the news, or is there further down to go? I really can't tell how serious of a crisis it is.
Edit: This would be a permanent tilt if I were to do it. So I'm not market timing but just want to make sure I get a reasonably decent entry point.
Another example, I made about 3.5% on newly purchased AVUV shares this past week even though AVUV closed the week lower than my purchase price. That's because I held the shares I bought less than 24 hours. At this point, the volatility in AVUV is a behavioral finance story about human emotions and not a fundamental story about banks.
Re: Small Cap Value heads Rejoice !!!
Amazing to hear almost day trading advocated for on bogleheads by one of its most prominent posters.livesoft wrote: ↑Sat Mar 18, 2023 2:18 pmI cannot predict whether there is further down to go. I think one can have a base position in SCV, but that one needs to buy more on RBDs and sell those newly bought shares within days or weeks. Rinse and repeat. For example, if this coming week there is an RBD, then I'm buying. If no RBD happens, then I am content with my current holdings.strummer6969 wrote: ↑Sat Mar 18, 2023 12:01 pm I've always been curious about SCV tilting but it seems like timing is everything for this asset class. Do you guys think now is a good time for a SCV tilt with the small bank failures plastered all over the news, or is there further down to go? I really can't tell how serious of a crisis it is.
Edit: This would be a permanent tilt if I were to do it. So I'm not market timing but just want to make sure I get a reasonably decent entry point.
Another example, I made about 3.5% on newly purchased AVUV shares this past week even though AVUV closed the week lower than my purchase price. That's because I held the shares I bought less than 24 hours. At this point, the volatility in AVUV is a behavioral finance story about human emotions and not a fundamental story about banks.
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Re: Small Cap Value heads Rejoice !!!
I'd definitely stick with it. I do not like to touch my allocations more than every few years or so. I need a very good reason to change an allocation.sycamore wrote: ↑Sat Mar 18, 2023 12:20 pmIf you have to ask, you're not fit to buy SCV.strummer6969 wrote: ↑Sat Mar 18, 2023 12:01 pm I've always been curious about SCV tilting but it seems like timing is everything for this asset class. Do you guys think now is a good time for a SCV tilt with the small bank failures plastered all over the news, or is there further down to go? I really can't tell how serious of a crisis it is.
Just kidding
Some people are "committed" to SCV. It's like a relationship
Others will time the market -- see livesoft's postings about this.
Personally, I wouldn't make a buying or selling decision based on Boglehead's opinions about this or that. Ultimately you need to decide for yourself, otherwise you'll be changing your portfolio every other week, day, hour...
We'll see what happens this week. If SCV retests the 2022 low and has major movement downward from that, it might be a great buying opportunity.
I would not be changing my overall equities and fixed income/cash allocation (70/30), only the equities part.
Re: Small Cap Value heads Rejoice !!!
I won't tell you what I did with BND then this past week.
- drumboy256
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Re: Small Cap Value heads Rejoice !!!
Uh oh..... sounds like someone bought more equities......
Promise is one thing. Fulfilling that promise is quite another. - Sir Alex Ferguson |
20% IVV / 40% IBIT / 20% IXUS / 20% VGLT + chill
Re: Small Cap Value heads Rejoice !!!
Japanese, British and US SCV/Gold 50/50 blend comparison, all rebased to US dollars
No particular comment, just a observation
No particular comment, just a observation
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Re: Small Cap Value heads Rejoice !!!
No rejoicing this year. Avuv ytd -2.9% compared to total market +6.7%. I am not worried but this is some significant divergence that keeps continuing. The spy:avuv chart is parabolic.
- drumboy256
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Re: Small Cap Value heads Rejoice !!!
Yeah, noise if anything, the fact that money made is going to move back into value is how this game is played. If you move funds around now, you're doing it wrong. Just keep buying and holding.
Promise is one thing. Fulfilling that promise is quite another. - Sir Alex Ferguson |
20% IVV / 40% IBIT / 20% IXUS / 20% VGLT + chill
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Re: Small Cap Value heads Rejoice !!!
AVDV +5.29%
AVES + 3.42%
Not all bad in the realm of value funds
20% VOO | 20% VXUS | 20% AVUV | 20% AVDV | 20% AVES
Re: Small Cap Value heads Rejoice !!!
Re: Small Cap Value heads Rejoice !!!
Re: Small Cap Value heads Rejoice !!!
this was indeed painful. and illustrates why one must only "sin a little" (limit the size of their tilts)Nicolas wrote: ↑Mon Apr 10, 2023 5:23 pmYes I think you’re right.
My investment algorithm: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=351899&p=6112869#p6112869
Re: Small Cap Value heads Rejoice !!!
I believe when Larry says "sin a little" he does not mean to limit the size of your tilts. He means stuff like overweighting international or emerging markets. He would not consider a heavy tilt to be sinning. But it's OK if you are using that phrase differently than how he does.klaus14 wrote: ↑Wed Apr 12, 2023 4:57 pmthis was indeed painful. and illustrates why one must only "sin a little" (limit the size of their tilts)Nicolas wrote: ↑Mon Apr 10, 2023 5:23 pmYes I think you’re right.
Re: Small Cap Value heads Rejoice !!!
Wondering if someone could help me with a doubt:
Why is active better than indexing when it comes to SCV? I know someone will say it's not "active," but it's not index, no? I'm looking at two funds:
AVUV: 0.25% ER, 0.78% tax cost ratio.
VIOV: 0.15% ETF, 0.52% tax cost ratio.
So VIOV is 0.36% cheaper than AVUV (someone double check me on this).
Anyway: why is AVUV 36 basis points better than VIOV? And whatever the answer is, why doesn't every active SCV fund manager do the same as they do? Is the market not efficient when it comes to SCV? How could we believe there is a secret sauce when it comes to SCV investing, but not in the general stock market?
Thanks in advance for your help.
Why is active better than indexing when it comes to SCV? I know someone will say it's not "active," but it's not index, no? I'm looking at two funds:
AVUV: 0.25% ER, 0.78% tax cost ratio.
VIOV: 0.15% ETF, 0.52% tax cost ratio.
So VIOV is 0.36% cheaper than AVUV (someone double check me on this).
Anyway: why is AVUV 36 basis points better than VIOV? And whatever the answer is, why doesn't every active SCV fund manager do the same as they do? Is the market not efficient when it comes to SCV? How could we believe there is a secret sauce when it comes to SCV investing, but not in the general stock market?
Thanks in advance for your help.
Re: Small Cap Value heads Rejoice !!!
It’s probably not any secret sauce. It’s just more value.JSPECO9 wrote: ↑Tue May 16, 2023 12:17 pm Wondering if someone could help me with a doubt:
Why is active better than indexing when it comes to SCV? I know someone will say it's not "active," but it's not index, no? I'm looking at two funds:
AVUV: 0.25% ER, 0.78% tax cost ratio.
VIOV: 0.15% ETF, 0.52% tax cost ratio.
So VIOV is 0.36% cheaper than AVUV (someone double check me on this).
Anyway: why is AVUV 36 basis points better than VIOV? And whatever the answer is, why doesn't every active SCV fund manager do the same as they do? Is the market not efficient when it comes to SCV? How could we believe there is a secret sauce when it comes to SCV investing, but not in the general stock market?
Thanks in advance for your help.
If the two have different value loads, which they do, they have different expected returns. In this case AVUV has deeper value loading, so the expected retire is higher, offsetting the higher fee in expectation.
For taxes, every one has different tax cost, so others may find different numbers than the ones you listed.
For me, VIOV has a tax cost of 1.08, and AVUV is 0.5. The yield is much higher on VIOV, which is bad for high tax brackets. So for me, AVUV is 0.75 in expense plus tax cost, and VIOV is 1.23, meaning AVUV is already 0.48% better even before considering deeper value exposure
You may want to check the “tax efficiency 2022” thread and spreadsheet with your personal tax bracket info
Crom laughs at your Four Winds
Re: Small Cap Value heads Rejoice !!!
The growth-value spread must be at fresh all-time highs. Checking QQQ (Nasdaq) vs IJS, and Nasdaq is leading small value from both before & after the March '20 bottom.
Amateur Self-Taught Senior Macro Strategist
Re: Small Cap Value heads Rejoice !!!
Almost. According to this https://schrts.co/ZIAIuUDE it doesn't look too good. I don't think Stockcharts.com includes dividends though. The reality isn't quite this bad but almost.
It seems like the old case of everything underperforming against mega cap growth. I already thought it was finally the time for value to shine again back in 2022 but now all those gains have been lost.
I should probably listen to Paul Merriman to strengthen my faith
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Re: Small Cap Value heads Rejoice !!!
I’ve described before my theory that all the computer, AI, social media, tech advances might serve to amplify human behavioral foibles rather than mute them. Larry Swedroe says 10 years is only noise in financial data. Maybe 15 or 20 years is the new 10 years? Either way, I agree patience and fortitude is worth maintaining.spessu wrote: ↑Wed May 31, 2023 6:21 amAlmost. According to this https://schrts.co/ZIAIuUDE it doesn't look too good. I don't think Stockcharts.com includes dividends though. The reality isn't quite this bad but almost.
It seems like the old case of everything underperforming against mega cap growth. I already thought it was finally the time for value to shine again back in 2022 but now all those gains have been lost.
I should probably listen to Paul Merriman to strengthen my faith
Dave
Re: Small Cap Value heads Rejoice !!!
AVUV current up 4.3%
Don’t forget to sell it and buy your EDV today, it’s down 1.1% so you may need to rebalance
Don’t forget to sell it and buy your EDV today, it’s down 1.1% so you may need to rebalance
Last edited by muffins14 on Fri Jun 02, 2023 12:48 pm, edited 1 time in total.
Crom laughs at your Four Winds
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Re: Small Cap Value heads Rejoice !!!
Redacted
Last edited by Weathering on Sat Jun 03, 2023 10:14 pm, edited 1 time in total.
Re: Small Cap Value heads Rejoice !!!
I just checked Morningstar, the Small Cap Value segment of the US stock market is up 4.5% today! It shows you how volatile Small Value can be.
A fool and his money are good for business.
Re: Small Cap Value heads Rejoice !!!
From a Crescat Capital presentation;
https://www.youtube.com/watch?v=JIxu9I2bVu0
It really looks like dip buying and people wanting to party like it's still 2020/21.
https://www.youtube.com/watch?v=JIxu9I2bVu0
It really looks like dip buying and people wanting to party like it's still 2020/21.
Amateur Self-Taught Senior Macro Strategist
Re: Small Cap Value heads Rejoice !!!
The above is more or less my logic. I would add "....I'll end up in more or less the same place."
For me it's tilt it and forget it....and come back in 30 years. YMMV.
"Pretired", working 20 h/wk. AA 75/25: 30% TSM, 19% value (VFVA/AVUV), 18% Int'l LC, 8% emerging, 25% GFund/VBTLX. Military pension ≈60% of expenses. Pension+SS@age 70 ≈100% of expenses.
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- Joined: Tue Sep 22, 2020 12:08 am
Re: Small Cap Value heads Rejoice !!!
AVUV +4.63% for the day! Last pay period was all AVUV, this pay period is all LTPZ (-1.25%).
The day to day volatilty doesn't matter long term, but it sure is entertaining
The day to day volatilty doesn't matter long term, but it sure is entertaining