SPDR Global Dow ETF
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.5x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
2.8%


  • 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 156
Wgt avg mkt cap (mns) $207,455
Large cap (>$10bn) 98.6%
Mid cap ($2-10bn) 1.4%
Small cap (<$2bn) 0.0%
Developed mkts 89.4%
Emerging mkts 10.6%

TOP TEN HOLDINGS
APPLE INC 1.4 %
PAYPAL HOLDINGS INC 1.3 %
TAIWAN SEMICONDUCTOR-SP ADR 1.2 %
AMAZON.COM INC 1.2 %
NETFLIX INC 1.2 %
VESTAS WIND SYSTEMS A/S 1.1 %
ADOBE SYSTEMS INC 1.1 %
MICROSOFT CORP 1.1 %
TENCENT HOLDINGS LTD 1.0 %
FACEBOOK 1.0 %
Total 11.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 47.5 %
JAPAN 9.3 %
BRITAIN 6.8 %
FRANCE 5.5 %
GERMANY 5.1 %
SWITZERLAND 4.4 %
CHINA 4.1 %
INDIA 1.9 %
IRELAND 1.4 %
TAIWAN 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.8% -1.9% 5.4% 7.0% 2.0%

Market Correlations
versus... Beta R-squared
S&P500 0.91 91%
MSCI EAFE 1.01 95%
MSCI Emg. Mkts. 0.73 82%

Technical Indicators
Recent close $84.54
30d moving avg. $81.90
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $133,808

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.5%


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 43.4 25 25 5.9 -0.6
OEF iShares S&P 100 ETF 37.6 20 30 4.6 -1.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 35.0 9 41 5.7 -0.8
IWL iShares Russell Top 200 ETF 34.6 15 35 4.7 -1.7
BKLC BNY Mellon US Large Cap Core Equity ETF 34.5 0 50 4.9 -1.5
MGC Vanguard Mega Cap Index Fund 34.3 7 43 5.0 -1.5
IOO iShares Global 100 ETF 33.9 40 10 4.6 -1.9
TOK iShares MSCI Kokusai ETF 33.2 25 25 5.3 -1.1
PBP Invesco S&P 500 BuyWrite ETF 33.1 49 1 4.7 -1.7
URTH iShares MSCI World ETF 32.8 24 26 5.5 -1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 32.7 9 41 5.5 -1.0
HSPX Global X S&P 500 Covered Call ETF 32.7 65 -15 4.6 -1.9
SPY SPDR S&P 500 ETF Trust 32.4 9 41 5.1 -1.3
IVV iShares Core S&P 500 ETF 32.4 4 46 5.2 -1.3
SPLG SPDR Portfolio Large Cap ETF 32.4 3 47 5.2 -1.3
VOO VANGUARD S&P 500 ETF 32.3 3 47 5.2 -1.3
DIVB iShares U.S. Dividend & Buyback ETF 32.3 25 25 6.3 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 32.2 20 30 4.7 -1.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 32.1 20 30 5.9 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.0 7 43 5.0 -1.5
ACWI iShares MSCI ACWI ETF 31.9 32 18 5.7 -0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 31.7 2 48 5.1 -1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 31.7 20 30 5.1 -1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 31.7 25 25 6.1 -0.3
VV Vanguard Large-Cap Index Fund 31.6 4 46 5.0 -1.5
SPXE ProShares S&P 500 Ex-Energy ETF 31.6 27 23 5.1 -1.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 31.5 20 30 5.9 -0.6
PBUS Invesco PureBeta MSCI USA ETF 31.5 4 46 5.0 -1.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 31.4 42 8 5.2 -1.2
EPS WisdomTree U.S. Earnings 500 Fund 31.4 8 42 6.2 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 31.4 27 23 4.7 -1.7
SCHX Schwab U.S. Large-Cap ETF 31.3 3 47 5.1 -1.4
ESGU iShares MSCI USA ESG Optimized ETF 31.2 15 35 4.9 -1.6
SPTM SPDR Portfolio Total Stock Market ETF 31.2 3 47 5.3 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 31.1 39 11 6.5 0.0
SCHK Schwab 1000 Index ETF 30.8 5 45 5.0 -1.4
VONE Vanguard Russell 1000 ETF 30.7 8 42 5.0 -1.5
IWB iShares Russell 1000 ETF 30.6 15 35 4.9 -1.6
IYY iShares Dow Jones U.S. ETF 30.6 20 30 4.9 -1.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 30.5 25 25 6.1 -0.3
IUS Invesco Strategic US ETF 30.3 19 31 6.2 -0.2
SFY SoFi Select 500 ETF 30.1 0 50 5.0 -1.5
SCHB Schwab U.S. Broad Market ETF 29.9 3 47 5.0 -1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 29.8 3 47 4.9 -1.5
QWLD SPDR MSCI World StrategicFactors ETF 29.7 30 20 6.0 -0.5
IWV iShares Russell 3000 ETF 29.7 20 30 4.8 -1.7
VTHR Vanguard Russell 3000 Index Fund 29.7 10 40 4.8 -1.6
VTI Vanguard Total Stock Market Index Fund 29.3 3 47 4.9 -1.6
VT Vanguard Total World Stock Index Fund 29.3 8 42 5.9 -0.5
XLG Invesco S&P 500 Top 50 ETF 29.1 20 30 4.3 -2.2
SPXV ProShares S&P 500 Ex-Health Care ETF 29.0 27 23 4.7 -1.7
QUS SPDR MSCI USA StrategicFactors ETF 28.9 15 35 5.6 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 28.9 27 23 5.4 -1.1
SNPE Xtrackers S&P 500 ESG ETF 28.8 11 39 4.9 -1.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 28.8 15 35 6.0 -0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 28.8 28 22 6.2 -0.3
IWX iShares Russell Top 200 Value ETF 28.6 20 30 6.6 +0.1
MGV Vanguard Mega Cap Value ETF 28.6 7 43 7.0 +0.6
RWL Invesco S&P 500 Revenue ETF 28.5 39 11 6.8 +0.4
VLU SPDR S&P 1500 Value Tilt ETF 28.2 12 38 7.0 +0.6
SPYV SPDR Portfolio S&P 500 Value ETF 27.8 4 46 7.1 +0.7
IVE iShares S&P 500 Value ETF 27.8 18 32 7.0 +0.5
FDRR Fidelity Dividend ETF for Rising Rates 27.7 29 21 6.7 +0.3
VOOV Vanguard S&P 500 Value ETF 27.7 15 35 7.0 +0.6
DTD WisdomTree U.S.Total Dividend Fund 27.6 28 22 6.4 -0.1
VTV Vanguard Value Index Fund 27.2 4 46 7.1 +0.7
JHML John Hancock Multifactor Large Cap ETF 27.2 29 21 5.3 -1.2
CATH Global X S&P 500 Catholic Values Custom ETF 27.1 29 21 5.0 -1.5
FLQL Franklin LibertyQ U.S. Equity ETF 27.1 15 35 5.9 -0.6
IUSV iShares Core S&P U.S. Value ETF 27.0 4 46 7.2 +0.7
DGRO iShares Core Dividend Growth ETF 26.7 8 42 6.4 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 26.6 12 38 5.1 -1.3
IQSU IQ Candriam ESG US Equity ETF 26.6 9 41 4.9 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 26.5 25 25 6.2 -0.3
ESG FlexShares STOXX US ESG Impact Index Fund 26.3 32 18 4.8 -1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.2 9 41 5.3 -1.2
KRMA Global X Conscious Companies ETF 26.2 43 7 4.9 -1.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 26.0 60 -10 3.9 -2.5
SCHV Schwab U.S. Large-Cap Value ETF 26.0 4 46 6.9 +0.5
USDY Pacific Global US Equity Income ETF 26.0 29 21 7.0 +0.5
IWD iShares Russell 1000 Value ETF 25.6 19 31 6.7 +0.2
VONV Vanguard Russell 1000 Value Index Fund 25.6 8 42 6.8 +0.3
ESGV Vanguard ESG U.S. Stock ETF 25.6 12 38 4.9 -1.5
AVUS Avantis U.S. Equity ETF 25.3 15 35 5.4 -1.1
RAFE PIMCO RAFI ESG U.S. ETF 25.1 29 21 7.4 +0.9
ROUS Hartford Multifactor US Equity ETF 25.0 19 31 6.9 +0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 25.0 12 38 4.5 -2.0
FQAL Fidelity Quality Factor ETF 24.6 29 21 5.3 -1.2
NACP Impact Shares NAACP Minority Empowerment ETF 24.4 75 -25 4.6 -1.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.3 30 20 6.2 -0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.2 29 21 5.8 -0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 24.1 12 38 4.6 -1.8
QLC FlexShares US Quality Large Cap Index Fund 23.7 32 18 5.2 -1.3
CWI SPDR MSCI ACWI ex-US ETF 23.6 30 20 7.1 +0.6
ECOZ TrueMark ESG Active Opportunities ETF 23.4 58 -8 3.9 -2.6
VOOG Vanguard S&P 500 Growth ETF 23.1 10 40 4.1 -2.4
SPYG SPDR Portfolio S&P 500 Growth ETF 23.1 4 46 4.2 -2.3
IVW iShares S&P 500 Growth ETF 23.1 18 32 4.0 -2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 23.1 45 5 8.7 +2.2
DOL WisdomTree International LargeCap Dividend Fund 22.9 48 2 8.5 +2.0

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 10.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.51
 
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.