SPDR Global Dow ETF
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
23.1x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR DJ Global Titans ETF objective is to replicate as closely as possible, before expenses, the performance of the Dow Jones Global Titans Index. The Fund will normally invest at least 95% of

FUND BASICS
Category Global Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Sep 25, 2000
Assets (mns) $85
Currency USD
Expense ratio 50 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Equal
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 155
Wgt avg mkt cap (mns) $176,746
Large cap (>$10bn) 99.2%
Mid cap ($2-10bn) 0.7%
Small cap (<$2bn) 0.0%
Developed mkts 90.0%
Emerging mkts 10.0%

TOP TEN HOLDINGS
GENERAL ELECTRIC CO 1.1 %
ARCELORMITTAL SA 1.0 %
BANCO BILBAO VIZCAYA ARGENTA 1.0 %
HOWMET AEROSPACE INC. 0.9 %
BANCO SANTANDER SA 0.9 %
SOFTBANK GROUP CORP. 0.8 %
GOLDMAN SACHS GROUP INC 0.8 %
NATIONAL AUSTRALIA BANK LTD 0.8 %
AMERICAN INTERNATIONAL GROUP 0.8 %
VESTAS WIND SYSTEMS A/S 0.8 %
Total 9.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 45.8 %
JAPAN 10.1 %
BRITAIN 7.5 %
FRANCE 6.1 %
GERMANY 4.4 %
SWITZERLAND 3.8 %
CHINA 3.8 %
SPAIN 2.5 %
AUSTRALIA 1.6 %
SOUTH AFRICA 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.6% 9.6% 10.9% 7.7% 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.98 90%
MSCI EAFE 1.02 96%
MSCI Emg. Mkts. 0.80 77%

Technical Indicators
Recent close $99.46
30d moving avg. $97.04
Annualized volatility 19.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $140,234

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the SPDR Global Dow ETF ETF based on the alternatives' overlap in portfolio holdings with DGT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DGT Expense: 50 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DGT
Ticker Fund
Name
Overlap1
vs DGT
(%)
Expense
ratio
(bp)
Savings
vs DGT
(bp)
ALTAR
Score™
(%)
ALTAR
vs DGT
(%)
EQWL Invesco Russell Top 200 Equal Weight ETF 40.7 25 25 5.6 -0.7
DFAI Dimensional International Core Equity Market ETF 35.7 18 32 6.4 +0.1
OEF iShares S&P 100 ETF 33.2 20 30 4.3 -2.0
IOO iShares Global 100 ETF 32.5 40 10 4.4 -1.9
MGC Vanguard Mega Cap Index Fund 31.4 7 43 4.7 -1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 31.3 9 41 5.2 -1.1
IWL iShares Russell Top 200 ETF 31.3 15 35 4.5 -1.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.8 25 25 5.8 -0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 30.8 0 50 4.6 -1.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 30.1 15 35 4.7 -1.6
VOOV Vanguard S&P 500 Value ETF 30.0 10 40 6.6 +0.3
DIVB iShares U.S. Dividend & Buyback ETF 29.9 25 25 5.9 -0.4
TOK iShares MSCI Kokusai ETF 29.7 25 25 5.0 -1.4
PBP Invesco S&P 500 BuyWrite ETF 29.5 49 1 4.4 -1.9
IWX iShares Russell Top 200 Value ETF 29.5 20 30 6.0 -0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 29.4 9 41 5.1 -1.2
URTH iShares MSCI World ETF 29.4 24 26 5.0 -1.3
SPYV SPDR Portfolio S&P 500 Value ETF 29.3 4 46 6.4 +0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 29.3 60 -10 4.4 -1.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 29.3 25 25 5.7 -0.6
IVE iShares S&P 500 Value ETF 29.3 18 32 6.3 -0.1
VOO VANGUARD S&P 500 ETF 29.3 3 47 4.9 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 29.2 39 11 5.8 -0.5
SPY SPDR S&P 500 ETF Trust 29.2 9 41 4.8 -1.5
IVV iShares Core S&P 500 ETF 29.2 3 47 4.8 -1.5
MGV Vanguard Mega Cap Value ETF 29.2 7 43 6.4 +0.1
SPLG SPDR Portfolio Large Cap ETF 29.1 3 47 4.8 -1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 29.0 20 30 4.7 -1.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 28.7 7 43 4.6 -1.7
IUSV iShares Core S&P U.S. Value ETF 28.5 4 46 6.4 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 28.4 2 48 4.7 -1.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 28.4 20 30 4.9 -1.5
VV Vanguard Large-Cap Index Fund 28.3 4 46 4.7 -1.6
SCHV Schwab U.S. Large-Cap Value ETF 28.2 4 46 6.1 -0.3
PBUS Invesco PureBeta MSCI USA ETF 28.2 4 46 4.7 -1.6
IUS Invesco Strategic US ETF 28.1 19 31 5.5 -0.8
SPXE ProShares S&P 500 Ex-Energy ETF 28.0 27 23 4.7 -1.6
ACWI iShares MSCI ACWI ETF 28.0 32 18 5.2 -1.2
QWLD SPDR MSCI World StrategicFactors ETF 27.9 30 20 5.4 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 27.9 3 47 4.9 -1.4
SCHX Schwab U.S. Large-Cap ETF 27.8 3 47 4.6 -1.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 27.7 20 30 5.4 -0.9
ESGU iShares MSCI USA ESG Optimized ETF 27.7 15 35 4.5 -1.8
SPXN ProShares S&P 500 Ex-Financials ETF 27.5 27 23 4.5 -1.8
SCHK Schwab 1000 Index ETF 27.4 5 45 4.7 -1.7
VTV Vanguard Value Index Fund 27.4 4 46 6.5 +0.2
IWB iShares Russell 1000 ETF 27.3 15 35 4.6 -1.8
SFY SoFi Select 500 ETF 27.2 0 50 4.6 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 27.2 20 30 5.4 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 27.2 15 35 5.3 -1.0
IYY iShares Dow Jones U.S. ETF 27.2 20 30 4.5 -1.8
SPXT ProShares S&P 500 Ex-Technology ETF 27.1 27 23 4.9 -1.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 27.0 42 8 4.7 -1.6
VTHR Vanguard Russell 3000 Index Fund 26.7 10 40 4.5 -1.9
VLU SPDR S&P 1500 Value Tilt ETF 26.7 12 38 6.2 -0.1
VONV Vanguard Russell 1000 Value Index Fund 26.4 8 42 6.1 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 26.4 27 23 4.4 -1.9
VT Vanguard Total World Stock ETF 26.3 8 42 5.4 -0.9
RWL Invesco S&P 500 Revenue ETF 26.2 39 11 6.3 -0.0
IWV iShares Russell 3000 ETF 26.2 20 30 4.4 -1.9
SCHB Schwab U.S. Broad Market ETF 26.2 3 47 4.5 -1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.1 3 47 4.5 -1.8
VONE Vanguard Russell 1000 ETF 26.0 8 42 4.6 -1.7
IWD iShares Russell 1000 Value ETF 25.9 19 31 6.0 -0.3
VTI Vanguard Total Stock Market Index Fund 25.8 3 47 4.5 -1.8
FDRR Fidelity Dividend ETF for Rising Rates 25.7 29 21 6.0 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 25.5 15 35 5.8 -0.5
EFIV SPDR S&P 500 ESG ETF 25.5 10 40 4.7 -1.6
SNPE Xtrackers S&P 500 ESG ETF 25.5 10 40 4.7 -1.6
EPS WisdomTree U.S. Earnings 500 Fund 25.2 8 42 6.0 -0.3
DFAU Dimensional US Core Equity Market ETF 25.1 12 38 4.7 -1.6
ESGV Vanguard ESG U.S. Stock ETF 25.0 12 38 4.6 -1.8
CATH Global X S&P 500 Catholic Values Custom ETF 24.8 29 21 4.7 -1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 24.2 45 5 7.7 +1.4
JHML John Hancock Multifactor Large Cap ETF 24.0 29 21 4.9 -1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.8 30 20 5.1 -1.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 23.6 65 -15 8.3 +2.0
EFV iShares MSCI EAFE Value ETF 23.2 39 11 8.4 +2.0
RAFE PIMCO RAFI ESG U.S. ETF 23.2 30 20 6.7 +0.4
KRMA Global X Conscious Companies ETF 23.2 43 7 4.9 -1.4
IVLU iShares Edge MSCI Intl Value Factor ETF 23.0 30 20 10.0 +3.7
XLG Invesco S&P 500 Top 50 ETF 22.9 20 30 4.2 -2.1
IQSU IQ Candriam ESG US Equity ETF 22.9 9 41 4.6 -1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 22.8 28 22 6.2 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 22.7 25 25 7.7 +1.4
JKF iShares Morningstar Large Cap Value ETF 22.6 25 25 6.6 +0.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 22.5 25 25 5.0 -1.4
ESG FlexShares STOXX US ESG Impact Index Fund 22.3 32 18 4.6 -1.8
DGRO iShares Core Dividend Growth ETF 22.2 8 42 6.0 -0.3
ROUS Hartford Multifactor US Equity ETF 22.2 19 31 5.9 -0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 22.2 9 41 4.9 -1.4
NACP Impact Shares NAACP Minority Empowerment ETF 22.1 49 1 4.8 -1.5
IQIN IQ 500 International ETF 21.8 25 25 7.6 +1.3
SPQQ Siren Large Cap Blend Index ETF 21.8 20 30 4.3 -2.0
DTD WisdomTree U.S.Total Dividend Fund 21.7 28 22 6.3 -0.0
AVUS Avantis U.S. Equity ETF 21.7 15 35 4.9 -1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 21.4 30 20 5.3 -1.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
SPDR Global Dow ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.48
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.