SPDR Dow Jones Industrial Average ETF Trust
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.2x P/Sales
ratio
2.6x
P/BV
ratio
4.7x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR Dow Jones Industrial Average ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Dow Jones Industrial Average, and index of 30 "blue chip" U.S. stocks.

FUND BASICS
Category US Equities
Fund Sponsor State Street Global Advisors
Website www.spdrs.com
Inception date Jan 13, 1998
Assets (mns) $25,618
Currency USD
Expense ratio 16 bp
Distributions Monthly

FUND STRUCTURE
Regulation Unit Investment Trust
Custodian State Street Bank & Trust
Weighting Price
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $359,963
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITEDHEALTH GROUP INC 7.5 %
GOLDMAN SACHS GROUP INC 6.4 %
HOME DEPOT INC 5.9 %
AMGEN INC 5.2 %
SALESFORCE.COM INC 4.6 %
MICROSOFT CORP 4.5 %
MCDONALD'S CORP 4.5 %
HONEYWELL INTERNATIONAL INC 4.4 %
BOEING CO 4.4 %
VISA INC-CLASS A SHARES 4.3 %
Total 51.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.8 %










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% 14.5% 12.8% 8.4%

Market Correlations
versus... Beta R-squared
S&P500 0.98 96%
MSCI EAFE 0.94 87%
MSCI Emg. Mkts. 0.72 64%

Technical Indicators
Recent close $308.12
30d moving avg. $304.20
Annualized volatility 18.9%
Short interest (ETF) 9.0%
Short interest (Underlying) 2.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 3,573
Turnover 4.3%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $53,307

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the SPDR Dow Jones Industrial Average ETF Trust ETF based on the alternatives' overlap in portfolio holdings with DIA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DIA Expense: 16 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DIA
Ticker Fund
Name
Overlap1
vs DIA
(%)
Expense
ratio
(bp)
Savings
vs DIA
(bp)
ALTAR
Score™
(%)
ALTAR
vs DIA
(%)
FMK First Trust Mega Cap AlphaDEX Fund 78.7 70 -54 5.0 0.0
EDOW First Trust Dow 30 Equal Weight ETF 78.5 50 -34 5.2 +0.1
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 61.1 49 -33 4.1 -0.9
DJD Invesco Dow Jones Industrial Average Dividend ETF 56.8 7 9 6.3 +1.3
OUSA O'Shares FTSE US Quality Dividend ETF 40.5 48 -32 5.5 +0.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 39.9 12 4 5.0 +0.0
XLG Invesco S&P 500 Top 50 ETF 34.8 20 -4 4.2 -0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 33.3 28 -12 6.2 +1.2
OEF iShares S&P 100 ETF 32.8 20 -4 4.3 -0.7
VIG Vanguard Dividend Appreciation Index Fund 32.7 6 10 5.0 0.0
MGV Vanguard Mega Cap Value ETF 32.3 7 9 6.4 +1.4
PFM Invesco Dividend Achievers ETF 32.1 53 -37 5.1 +0.1
NACP Impact Shares NAACP Minority Empowerment ETF 31.9 49 -33 4.8 -0.2
FDRR Fidelity Dividend ETF for Rising Rates 31.5 29 -13 6.0 +1.0
DGRO iShares Core Dividend Growth ETF 31.4 8 8 6.0 +1.0
QDEF FlexShares Quality Dividend Defensive Index Fund 31.3 37 -21 5.6 +0.6
DTD WisdomTree U.S.Total Dividend Fund 31.0 28 -12 6.3 +1.3
RAFE PIMCO RAFI ESG U.S. ETF 29.9 30 -14 6.7 +1.7
SPQQ Siren Large Cap Blend Index ETF 29.3 20 -4 4.3 -0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 29.3 28 -12 6.1 +1.1
QUAL iShares MSCI Usa Quality Factor ETF 29.1 15 1 5.1 +0.1
JKF iShares Morningstar Large Cap Value ETF 28.9 25 -9 6.6 +1.6
YLDE ClearBridge Dividend Strategy ESG ETF 28.8 60 -44 4.5 -0.5
CCOR Core Alternative ETF 28.4 109 -93 4.1 -0.9
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 28.4 35 -19 6.7 +1.7
DIVB iShares U.S. Dividend & Buyback ETF 28.4 25 -9 5.9 +0.9
QDF FlexShares Quality Dividend Index Fund 28.2 37 -21 5.6 +0.6
IWX iShares Russell Top 200 Value ETF 27.8 20 -4 6.0 +1.0
ESG FlexShares STOXX US ESG Impact Index Fund 27.8 32 -16 4.6 -0.4
IWL iShares Russell Top 200 ETF 27.7 15 1 4.5 -0.5
SUSL iShares ESG MSCI USA Leaders ETF 27.6 10 6 4.9 -0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 27.6 10 6 4.9 -0.1
FDVV Fidelity Core Dividend ETF 27.6 29 -13 6.1 +1.1
EQWL Invesco Russell Top 200 Equal Weight ETF 27.6 25 -9 5.6 +0.6
VTV Vanguard Value Index Fund 27.5 4 12 6.5 +1.5
MGC Vanguard Mega Cap Index Fund 27.4 7 9 4.7 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 27.3 0 16 4.6 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 27.2 8 8 6.0 +1.0
LRGE ClearBridge Large Cap Growth ESG ETF 26.8 59 -43 3.4 -1.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 26.6 15 1 4.7 -0.3
QUS SPDR MSCI USA StrategicFactors ETF 26.4 15 1 5.3 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 26.3 20 -4 4.7 -0.3
IOO iShares Global 100 ETF 26.1 40 -24 4.4 -0.6
VOOV Vanguard S&P 500 Value ETF 25.9 10 6 6.6 +1.6
WOMN Impact Shares YWCA Women's Empowerment ETF 25.8 75 -59 3.6 -1.4
SPHQ Invesco S&P 500 Quality ETF 25.8 15 1 4.5 -0.6
ESGV Vanguard ESG U.S. Stock ETF 25.4 12 4 4.6 -0.4
ACIO Aptus Collared Income Opportunity ETF 25.3 79 -63 3.9 -1.1
VYM Vanguard High Dividend Yield Index ETF 25.1 6 10 6.6 +1.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 25.0 15 1 5.8 +0.8
QDYN FlexShares Quality Dividend Dynamic Index Fund 24.9 37 -21 5.4 +0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 24.8 60 -44 3.7 -1.3
PBP Invesco S&P 500 BuyWrite ETF 24.6 49 -33 4.4 -0.6
EFIV SPDR S&P 500 ESG ETF 24.6 10 6 4.7 -0.3
IQSU IQ Candriam ESG US Equity ETF 24.6 9 7 4.6 -0.4
SNPE Xtrackers S&P 500 ESG ETF 24.6 10 6 4.7 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 24.5 27 -11 4.5 -0.5
XYLG Global X S&P 500 Covered Call & Growth ETF 24.4 60 -44 4.4 -0.6
FDLO Fidelity Low Volatility Factor ETF 24.4 29 -13 5.0 -0.0
VOO VANGUARD S&P 500 ETF 24.3 3 13 4.9 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 24.3 20 -4 4.9 -0.1
SPY SPDR S&P 500 ETF Trust 24.2 9 7 4.8 -0.2
IVV iShares Core S&P 500 ETF 24.2 3 13 4.8 -0.2
SPLG SPDR Portfolio Large Cap ETF 24.2 3 13 4.8 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 24.1 4 12 6.4 +1.4
SPXE ProShares S&P 500 Ex-Energy ETF 24.1 27 -11 4.7 -0.3
IVE iShares S&P 500 Value ETF 24.1 18 -2 6.3 +1.3
FQAL Fidelity Quality Factor ETF 24.0 29 -13 5.1 +0.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 23.7 75 -59 5.3 +0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.7 7 9 4.6 -0.4
DSI iShares MSCI KLD 400 Social ETF 23.6 25 -9 4.7 -0.4
ESGU iShares MSCI USA ESG Optimized ETF 23.6 15 1 4.5 -0.5
FVAL Fidelity Value Factor ETF 23.4 29 -13 6.9 +1.9
QLV FlexShares US Quality Low Volatility Index Fund 23.3 22 -6 4.4 -0.6
VV Vanguard Large-Cap Index Fund 23.3 4 12 4.7 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.2 2 14 4.7 -0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 23.1 25 -9 5.8 +0.8
ADME Aptus Drawdown Managed Equity ETF 23.1 79 -63 3.2 -1.8
SUSA iShares MSCI USA ESG Select ETF 23.1 25 -9 4.3 -0.7
PBUS Invesco PureBeta MSCI USA ETF 23.1 4 12 4.7 -0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 23.1 49 -33 3.5 -1.5
SPXV ProShares S&P 500 Ex-Health Care ETF 22.9 27 -11 4.4 -0.6
IUSV iShares Core S&P U.S. Value ETF 22.7 4 12 6.4 +1.4
JQUA JPMorgan U.S. Quality Factor ETF 22.7 12 4 5.1 +0.1
SPMV Invesco S&P 500 Minimum Variance ETF 22.7 10 6 5.5 +0.5
SPTM SPDR Portfolio Total Stock Market ETF 22.7 3 13 4.9 -0.1
SCHX Schwab U.S. Large-Cap ETF 22.6 3 13 4.6 -0.4
RECS Columbia Research Enhanced Core ETF 22.3 15 1 5.2 +0.2
SCHK Schwab 1000 Index ETF 22.2 5 11 4.7 -0.3
IWB iShares Russell 1000 ETF 22.1 15 1 4.6 -0.5
IYY iShares Dow Jones U.S. ETF 21.9 20 -4 4.5 -0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 21.8 19 -3 5.4 +0.4
SFY SoFi Select 500 ETF 21.8 0 16 4.6 -0.4
FLLV Franklin Liberty U.S. Low Volatility ETF 21.7 29 -13 5.0 -0.0
SCHV Schwab U.S. Large-Cap Value ETF 21.6 4 12 6.1 +1.1
VTHR Vanguard Russell 3000 Index Fund 21.3 10 6 4.5 -0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 21.3 25 -9 5.7 +0.7
IEDI iShares Evolved U.S. Discretionary Spending ETF 21.2 18 -2 3.4 -1.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Dow Jones Industrial Average ETF Trust
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 21.6 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 16 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.49
 
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.