SPDR Global Dow ETF
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.0x P/Sales
ratio
1.1x
P/BV
ratio
1.4x Div.
yield
3.1%


  • 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 29, 2000
Assets (mns) $77
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 157
Wgt avg mkt cap (mns) $169,961
Large cap (>$10bn) 98.4%
Mid cap ($2-10bn) 1.6%
Small cap (<$2bn) 0.0%
Developed mkts 90.0%
Emerging mkts 10.0%

TOP TEN HOLDINGS
APPLE INC 1.1 %
PAYPAL HOLDINGS INC 1.1 %
NETFLIX INC 1.1 %
ADOBE SYSTEMS INC 1.0 %
MICROSOFT CORP 1.0 %
AMAZON.COM INC 1.0 %
UNITEDHEALTH GROUP INC 1.0 %
ROCHE HOLDING AG-GENUSSCHEIN 0.9 %
ASTRAZENECA PLC 0.9 %
VESTAS WIND SYSTEMS A/S 0.9 %
Total 9.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 47.5 %
JAPAN 10.0 %
BRITAIN 7.1 %
FRANCE 5.4 %
GERMANY 4.7 %
SWITZERLAND 4.3 %
CHINA 4.2 %
IRELAND 1.4 %
INDIA 1.4 %
HONG KONG 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.1% -2.0% 3.9% 6.7% 1.8%

Market Correlations
versus... Beta R-squared
S&P500 0.92 91%
MSCI EAFE 1.01 95%
MSCI Emg. Mkts. 0.77 84%

Technical Indicators
Recent close $77.38
30d moving avg. $72.76
Annualized volatility 16.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.3%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $148,115

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™: 7.0%


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 43.7 25 25 6.1 -0.9
OEF iShares S&P 100 ETF 38.0 20 30 5.0 -2.0
IWL iShares Russell Top 200 ETF 35.6 15 35 5.2 -1.8
MGC Vanguard Mega Cap Index Fund 35.0 7 43 5.4 -1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 34.9 9 41 6.3 -0.7
IOO iShares Global 100 ETF 34.6 40 10 5.0 -2.0
PBP Invesco S&P 500 BuyWrite ETF 34.1 49 1 5.1 -1.9
TOK iShares MSCI Kokusai ETF 33.6 25 25 5.8 -1.2
HSPX Global X S&P 500 Covered Call ETF 33.6 65 -15 5.0 -2.0
URTH iShares MSCI World ETF 33.3 24 26 5.9 -1.1
SPLG SPDR Portfolio Large Cap ETF 32.8 3 47 5.6 -1.4
IVV iShares Core S&P 500 ETF 32.8 4 46 5.6 -1.5
SPY SPDR S&P 500 ETF Trust 32.8 9 41 5.5 -1.5
VOO VANGUARD S&P 500 ETF 32.8 3 47 5.6 -1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 32.5 20 30 5.1 -1.9
VV Vanguard Large-Cap Index Fund 32.4 4 46 5.4 -1.6
DIVB iShares U.S. Dividend & Buyback ETF 32.4 25 25 6.6 -0.4
ACWI iShares MSCI ACWI ETF 32.4 32 18 6.2 -0.8
PBUS Invesco PureBeta MSCI USA ETF 32.1 4 46 5.4 -1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.1 2 48 5.5 -1.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 32.1 20 30 5.6 -1.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 32.0 25 25 6.7 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 31.8 27 23 5.5 -1.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 31.8 20 30 6.5 -0.5
SCHX Schwab U.S. Large-Cap ETF 31.7 3 47 5.5 -1.6
SPXN ProShares S&P 500 Ex-Financials ETF 31.7 27 23 5.2 -1.8
SPTM SPDR Portfolio Total Stock Market ETF 31.6 3 47 5.7 -1.4
ESGU iShares MSCI USA ESG Optimized ETF 31.6 15 35 5.2 -1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 31.5 20 30 6.5 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 31.5 8 42 6.6 -0.4
IWB iShares Russell 1000 ETF 31.3 15 35 5.3 -1.7
PRF Invesco FTSE RAFI US 1000 ETF 31.3 39 11 6.9 -0.1
SCHK Schwab 1000 Index ETF 31.2 5 45 5.4 -1.6
VONE Vanguard Russell 1000 ETF 31.2 8 42 5.4 -1.6
IYY iShares Dow Jones U.S. ETF 31.0 20 30 5.3 -1.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 30.9 25 25 6.6 -0.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 30.8 42 8 5.7 -1.3
VTI Vanguard Total Stock Market Index Fund 30.5 3 47 5.3 -1.7
SCHB Schwab U.S. Broad Market ETF 30.4 3 47 5.4 -1.6
SFY SoFi Select 500 ETF 30.3 0 50 5.4 -1.7
IWV iShares Russell 3000 ETF 30.3 20 30 5.2 -1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.3 3 47 5.3 -1.7
VTHR Vanguard Russell 3000 Index Fund 30.2 10 40 5.3 -1.7
IUS Invesco Strategic US ETF 30.2 19 31 6.3 -0.7
VT Vanguard Total World Stock Index Fund 30.2 8 42 6.4 -0.6
XLG Invesco S&P 500 Top 50 ETF 29.3 20 30 4.7 -2.3
SPXT ProShares S&P 500 Ex-Technology ETF 29.3 27 23 5.7 -1.3
SNPE Xtrackers S&P 500 ESG ETF 29.2 11 39 5.3 -1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 29.1 28 22 6.5 -0.6
MGV Vanguard Mega Cap Value ETF 29.0 7 43 7.2 +0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.0 15 35 6.4 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 28.9 27 23 5.2 -1.8
SPYV SPDR Portfolio S&P 500 Value ETF 28.6 4 46 7.4 +0.4
IVE iShares S&P 500 Value ETF 28.6 18 32 7.3 +0.3
VOOV Vanguard S&P 500 Value ETF 28.5 15 35 7.3 +0.3
FDRR Fidelity Dividend ETF for Rising Rates 28.3 29 21 7.1 +0.1
QWLD SPDR MSCI World StrategicFactors ETF 28.3 30 20 6.2 -0.8
VLU SPDR S&P 1500 Value Tilt ETF 28.2 12 38 7.5 +0.5
QUS SPDR MSCI USA StrategicFactors ETF 28.1 15 35 5.9 -1.1
VTV Vanguard Value Index Fund 28.1 4 46 7.4 +0.4
RWL Invesco S&P 500 Revenue ETF 28.1 39 11 6.9 -0.1
IUSV iShares Core S&P U.S. Value ETF 27.9 4 46 7.5 +0.5
DTD WisdomTree U.S.Total Dividend Fund 27.8 28 22 6.7 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 27.6 29 21 5.4 -1.6
DGRO iShares Core Dividend Growth ETF 27.5 8 42 6.6 -0.4
JHML John Hancock Multifactor Large Cap ETF 27.5 34 16 5.6 -1.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 27.3 25 25 6.3 -0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 26.9 12 38 5.1 -1.9
IQSU IQ Candriam ESG US Equity ETF 26.9 9 41 5.3 -1.7
SCHV Schwab U.S. Large-Cap Value ETF 26.9 4 46 7.2 +0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.6 9 41 5.6 -1.4
IWX iShares Russell Top 200 Value ETF 26.6 20 30 7.1 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 26.5 12 38 5.3 -1.7
ESGV Vanguard ESG U.S. Stock ETF 26.0 12 38 5.4 -1.7
KRMA Global X Conscious Companies ETF 25.9 43 7 5.4 -1.7
AVUS Avantis U.S. Equity ETF 25.6 15 35 5.9 -1.1
USDY Pacific Global US Equity Income ETF 25.3 29 21 8.0 +1.0
ROUS Hartford Multifactor US Equity ETF 25.2 19 31 7.3 +0.3
RAFE PIMCO RAFI ESG U.S. ETF 25.1 29 21 7.8 +0.8
FQAL Fidelity Quality Factor ETF 25.1 29 21 5.5 -1.5
RECS Columbia Research Enhanced Core ETF 25.0 15 35 5.7 -1.3
EXT WisdomTree U.S. Total Earnings Fund 24.8 28 22 5.9 -1.2
ESG FlexShares STOXX US ESG Impact Index Fund 24.8 32 18 5.3 -1.8
NACP Impact Shares NAACP Minority Empowerment ETF 24.7 75 -25 4.6 -2.4
FLQL Franklin LibertyQ U.S. Equity ETF 24.6 15 35 6.4 -0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 24.2 12 38 4.9 -2.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 23.8 30 20 6.8 -0.2
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 23.8 29 21 4.4 -2.6
CWI SPDR MSCI ACWI ex-US ETF 23.6 30 20 7.9 +0.8
IWD iShares Russell 1000 Value ETF 23.6 19 31 7.2 +0.1
VONV Vanguard Russell 1000 Value Index Fund 23.5 8 42 7.3 +0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 23.4 19 31 5.7 -1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 23.3 75 -25 4.6 -2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 23.1 45 5 9.2 +2.2
DOL WisdomTree International LargeCap Dividend Fund 23.1 48 2 8.8 +1.8
VOOG Vanguard S&P 500 Growth ETF 23.0 10 40 4.5 -2.6
EFV iShares MSCI EAFE Value ETF 23.0 39 11 10.4 +3.4
SPYG SPDR Portfolio S&P 500 Growth ETF 23.0 4 46 4.5 -2.5
IVW iShares S&P 500 Growth ETF 23.0 18 32 4.4 -2.6
FDVV Fidelity Core Dividend ETF 22.8 29 21 7.5 +0.4

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 10.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.