SPDR Dow Jones Industrial Average ETF Trust
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.0x P/Sales
ratio
2.0x
P/BV
ratio
3.7x Div.
yield
2.4%


  • 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) $21,651
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) $419,449
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
APPLE INC 10.1 %
UNITEDHEALTH GROUP INC 7.7 %
HOME DEPOT INC 6.6 %
MICROSOFT CORP 5.6 %
GOLDMAN SACHS GROUP INC 5.4 %
VISA INC-CLASS A SHARES 5.1 %
MCDONALD'S CORP 4.9 %
BOEING CO 4.7 %
3M CO 4.0 %
JOHNSON & JOHNSON 3.7 %
Total 57.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.5% -0.8% 10.5% 12.8% 7.8%

Market Correlations
versus... Beta R-squared
S&P500 0.99 96%
MSCI EAFE 0.99 85%
MSCI Emg. Mkts. 0.71 68%

Technical Indicators
Recent close $261.04
30d moving avg. $260.66
Annualized volatility 17.1%
Short interest (ETF) 9.8%
Short interest (Underlying) 2.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 5,531
Turnover 6.7%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $62,799

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.6%


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
(%)
EDOW First Trust Dow 30 Equal Weight ETF 76.2 50 -34 6.0 +0.4
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 60.1 49 -33 4.9 -0.8
DJD Invesco Dow Jones Industrial Average Dividend ETF 56.9 7 9 6.9 +1.3
XLG Invesco S&P 500 Top 50 ETF 43.2 20 -4 4.4 -1.2
OEF iShares S&P 100 ETF 40.8 20 -4 4.8 -0.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 38.6 12 4 4.8 -0.8
FDRR Fidelity Dividend ETF for Rising Rates 38.6 29 -13 7.0 +1.4
QDEF FlexShares Quality Dividend Defensive Index Fund 38.0 37 -21 5.9 +0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 36.6 28 -12 6.4 +0.8
IOO iShares Global 100 ETF 36.1 40 -24 4.7 -1.0
PFM Invesco Dividend Achievers ETF 36.0 54 -38 5.5 -0.1
OUSA O'Shares FTSE US Quality Dividend ETF 35.8 48 -32 5.7 +0.1
QDF FlexShares Quality Dividend Index Fund 35.2 37 -21 6.1 +0.5
DGRO iShares Core Dividend Growth ETF 35.0 8 8 6.7 +1.1
VIG Vanguard Dividend Appreciation Index Fund 34.8 6 10 5.4 -0.2
FDVV Fidelity Core Dividend ETF 34.2 29 -13 7.2 +1.6
EPS WisdomTree U.S. Earnings 500 Fund 33.9 8 8 6.5 +0.9
IWL iShares Russell Top 200 ETF 33.8 15 1 5.0 -0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 33.5 49 -33 4.1 -1.5
BKLC BNY Mellon US Large Cap Core Equity ETF 33.4 0 16 5.2 -0.4
FDLO Fidelity Low Volatility Factor ETF 33.4 29 -13 5.2 -0.4
DTD WisdomTree U.S.Total Dividend Fund 33.3 28 -12 6.7 +1.1
NACP Impact Shares NAACP Minority Empowerment ETF 33.2 75 -59 4.5 -1.1
MGV Vanguard Mega Cap Value ETF 33.2 7 9 7.3 +1.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 33.0 37 -21 6.2 +0.6
SPHQ Invesco S&P 500 Quality ETF 32.6 15 1 4.6 -1.0
MGC Vanguard Mega Cap Index Fund 32.6 7 9 5.2 -0.4
DIVB iShares U.S. Dividend & Buyback ETF 32.1 25 -9 6.6 +1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 31.9 19 -3 5.7 +0.1
SNPE Xtrackers S&P 500 ESG ETF 31.9 11 5 5.1 -0.5
RAFE PIMCO RAFI ESG U.S. ETF 31.5 29 -13 7.8 +2.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 31.4 20 -4 5.0 -0.7
ACIO Aptus Collared Income Opportunity ETF 31.4 79 -63 4.4 -1.2
FVAL Fidelity Value Factor ETF 31.2 29 -13 8.0 +2.4
YLDE ClearBridge Dividend Strategy ESG ETF 31.1 60 -44 5.0 -0.6
RECS Columbia Research Enhanced Core ETF 31.0 15 1 5.7 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 31.0 27 -11 5.0 -0.6
ESG FlexShares STOXX US ESG Impact Index Fund 30.6 32 -16 5.1 -0.6
BVAL Brand Value ETF 30.4 65 -49 6.1 +0.5
JKF iShares Morningstar Large Cap Value ETF 30.3 25 -9 7.6 +2.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.2 25 -9 6.6 +1.0
IWX iShares Russell Top 200 Value ETF 30.2 20 -4 7.2 +1.6
PBP Invesco S&P 500 BuyWrite ETF 30.1 49 -33 5.0 -0.6
IQSU IQ Candriam ESG US Equity ETF 29.8 9 7 5.1 -0.5
HIPR Direxion High Growth ETF 29.8 40 -24 2.8 -2.8
VTV Vanguard Value Index Fund 29.7 4 12 7.5 +1.9
WOMN Impact Shares YWCA Women's Empowerment ETF 29.7 75 -59 4.5 -1.1
FQAL Fidelity Quality Factor ETF 29.7 29 -13 5.5 -0.1
HSPX Global X S&P 500 Covered Call ETF 29.7 65 -49 4.9 -0.7
VOO VANGUARD S&P 500 ETF 29.6 3 13 5.4 -0.2
SPY SPDR S&P 500 ETF Trust 29.5 9 7 5.4 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 29.5 12 4 4.9 -0.7
SFYF SoFi 50 ETF 29.5 29 -13 5.1 -0.6
SPLG SPDR Portfolio Large Cap ETF 29.5 3 13 5.4 -0.2
IVV iShares Core S&P 500 ETF 29.5 4 12 5.4 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.5 15 1 6.2 +0.6
TMFC Motley Fool 100 Index ETF 29.5 50 -34 3.7 -1.9
CCOR Core Alternative ETF 29.4 123 -107 4.4 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 29.3 7 9 5.2 -0.4
QLC FlexShares US Quality Large Cap Index Fund 29.1 32 -16 5.4 -0.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 29.0 28 -12 6.5 +0.9
QUAL iShares MSCI Usa Quality Factor ETF 29.0 15 1 5.4 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 28.9 27 -11 5.0 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 28.8 60 -44 4.4 -1.2
SPXE ProShares S&P 500 Ex-Energy ETF 28.8 27 -11 5.3 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 28.7 20 -4 5.4 -0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 28.5 25 -9 6.1 +0.5
VV Vanguard Large-Cap Index Fund 28.4 4 12 5.3 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 28.4 15 1 5.1 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 28.3 2 14 5.3 -0.3
PBUS Invesco PureBeta MSCI USA ETF 28.2 4 12 5.3 -0.3
QUS SPDR MSCI USA StrategicFactors ETF 28.2 15 1 5.9 +0.3
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 28.2 35 -19 6.7 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 28.1 25 -9 6.6 +1.0
VYM Vanguard High Dividend Yield Index ETF 28.1 6 10 7.4 +1.8
SPMO Invesco S&P 500 Momentum ETF 27.8 13 3 4.4 -1.2
SPTM SPDR Portfolio Total Stock Market ETF 27.6 3 13 5.5 -0.1
SCHX Schwab U.S. Large-Cap ETF 27.6 3 13 5.3 -0.3
HLAL Wahed FTSE USA Shariah ETF 27.5 50 -34 4.6 -1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 27.4 10 6 5.3 -0.3
SUSL iShares ESG MSCI USA Leaders ETF 27.3 10 6 5.3 -0.3
VONE Vanguard Russell 1000 ETF 27.0 8 8 5.3 -0.3
VOOG Vanguard S&P 500 Growth ETF 26.9 10 6 4.2 -1.4
SCHK Schwab 1000 Index ETF 26.8 5 11 5.3 -0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 26.6 4 12 4.3 -1.3
IVW iShares S&P 500 Growth ETF 26.6 18 -2 4.2 -1.4
IWB iShares Russell 1000 ETF 26.6 15 1 5.2 -0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 26.5 52 -36 5.0 -0.6
IYY iShares Dow Jones U.S. ETF 26.5 20 -4 5.2 -0.4
IWY iShares Russell Top 200 Growth ETF 26.2 20 -4 4.1 -1.5
IUS Invesco Strategic US ETF 26.1 19 -3 6.7 +1.1
SCHV Schwab U.S. Large-Cap Value ETF 26.0 4 12 7.2 +1.6
IUSG iShares Core S&P US Growth ETF 25.5 4 12 4.3 -1.3
VTHR Vanguard Russell 3000 Index Fund 25.5 10 6 5.1 -0.5
PRF Invesco FTSE RAFI US 1000 ETF 25.4 39 -23 6.9 +1.3
SCHB Schwab U.S. Broad Market ETF 25.4 3 13 5.3 -0.4
SPYV SPDR Portfolio S&P 500 Value ETF 25.3 4 12 7.5 +1.9
IVE iShares S&P 500 Value ETF 25.3 18 -2 7.3 +1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 25.3 3 13 5.2 -0.4
VOOV Vanguard S&P 500 Value ETF 25.2 15 1 7.4 +1.8

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

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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 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 20.0 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 16 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.52
 
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.