SPDR S&P 500 ESG ETF
ALTAR
Score™		 4.6% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 27.3x P/Sales
ratio		 3.1x
P/BV
ratio		 4.2x Div.
yield		 1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
EFIV tracks a market-cap weighted index of S&P 500 stocks that are screened for sustainability criteria related to ESG factors.

FUND BASICS
Category US Equities
Fund Sponsor State Street
Website www.ssga.com
Inception date Jul 27, 2020
Assets (mns) $97
Currency USD
Expense ratio 10 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives Yes
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 295
Wgt avg mkt cap (mns) $635,052
Large cap (>$10bn) 98.9%
Mid cap ($2-10bn) 1.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.9 %
MICROSOFT CORP 7.2 %
AMAZON.COM INC 5.9 %
FACEBOOK 2.7 %
ALPHABET INC. CLASS A 2.4 %
ALPHABET INC. CLASS C 2.3 %
JPMORGAN CHASE & CO 1.8 %
VISA INC-CLASS A SHARES 1.5 %
UNITEDHEALTH GROUP INC 1.4 %
NVIDIA CORP 1.4 %
Total 35.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
IRELAND 2.2 %
BRITAIN 1.1 %
SWITZERLAND 0.5 %







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.
6.0% -- -- -- 6.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $35.86
30d moving avg. $34.77
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.6%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $162,413

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the SPDR S&P 500 ESG ETF ETF based on the alternatives' overlap in portfolio holdings with EFIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFIV Expense: 10 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFIV
Ticker Fund
Name		 Overlap1
vs EFIV
(%)		 Expense
ratio
(bp)		 Savings
vs EFIV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EFIV
(%)
SNPE Xtrackers S&P 500 ESG ETF 99.3 10 0 4.6 +0.0
ESGV Vanguard ESG U.S. Stock ETF 88.9 12 -2 4.5 -0.1
XVV iShares ESG Screened S&P 500 ETF 78.4 8 2 4.9 +0.3
MGC Vanguard Mega Cap Index Fund 76.8 7 3 4.6 +0.0
IWL iShares Russell Top 200 ETF 75.8 15 -5 4.4 -0.2
PBP Invesco S&P 500 BuyWrite ETF 74.8 49 -39 4.3 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 74.7 20 -10 4.6 0.0
IQSU IQ Candriam ESG US Equity ETF 74.6 9 1 4.5 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 74.1 0 10 4.5 -0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 74.1 60 -50 4.4 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 73.9 20 -10 4.8 +0.2
OEF iShares S&P 100 ETF 73.5 20 -10 4.2 -0.4
VOO VANGUARD S&P 500 ETF 72.9 3 7 4.8 +0.3
SPY SPDR S&P 500 ETF Trust 72.6 9 1 4.7 +0.1
SPLG SPDR Portfolio Large Cap ETF 72.5 3 7 4.7 +0.2
IVV iShares Core S&P 500 ETF 72.4 3 7 4.7 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 72.0 27 -17 4.6 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 71.8 27 -17 4.3 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 71.6 27 -17 4.3 -0.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 71.3 15 -5 4.6 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 69.7 60 -50 3.6 -1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 69.7 7 3 4.5 -0.0
SPXT ProShares S&P 500 Ex-Technology ETF 69.6 27 -17 4.8 +0.3
CATH Global X S&P 500 Catholic Values Custom ETF 68.9 29 -19 4.5 -0.0
ESGU iShares MSCI USA ESG Optimized ETF 68.7 15 -5 4.4 -0.2
ESG FlexShares STOXX US ESG Impact Index Fund 68.5 32 -22 4.4 -0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 68.0 2 8 4.6 +0.1
PBUS Invesco PureBeta MSCI USA ETF 67.7 4 6 4.6 +0.0
VOOG Vanguard S&P 500 Growth ETF 67.7 10 0 3.9 -0.7
VV Vanguard Large-Cap Index Fund 67.4 4 6 4.6 +0.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 67.3 12 -2 4.0 -0.6
SPTM SPDR Portfolio Total Stock Market ETF 66.1 3 7 4.8 +0.2
SCHX Schwab U.S. Large-Cap ETF 65.6 3 7 4.5 -0.0
SCHK Schwab 1000 Index ETF 64.1 5 5 4.6 +0.0
IWB iShares Russell 1000 ETF 63.9 15 -5 4.4 -0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 63.6 4 6 3.7 -0.9
IVW iShares S&P 500 Growth ETF 63.6 18 -8 3.5 -1.0
IYY iShares Dow Jones U.S. ETF 63.2 20 -10 4.4 -0.2
IUSG iShares Core S&P US Growth ETF 62.1 4 6 3.7 -0.9
XLG Invesco S&P 500 Top 50 ETF 61.7 20 -10 4.1 -0.5
VTHR Vanguard Russell 3000 Index Fund 61.3 10 0 4.4 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 61.0 8 2 5.9 +1.3
NACP Impact Shares NAACP Minority Empowerment ETF 60.3 49 -39 4.7 +0.1
IWV iShares Russell 3000 ETF 59.6 20 -10 4.3 -0.3
SCHB Schwab U.S. Broad Market ETF 59.4 3 7 4.4 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 59.1 3 7 4.4 -0.2
VONE Vanguard Russell 1000 ETF 58.8 8 2 4.5 -0.0
WOMN Impact Shares YWCA Women's Empowerment ETF 58.3 75 -65 3.5 -1.1
DFAU Dimensional US Core Equity Market ETF 58.3 12 -2 4.7 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 58.3 9 1 4.8 +0.2
SFY SoFi Select 500 ETF 58.2 0 10 4.5 -0.0
IWF iShares Russell 1000 Growth ETF 57.9 19 -9 3.4 -1.1
VTI Vanguard Total Stock Market Index Fund 57.8 3 7 4.4 -0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 57.7 49 -39 3.4 -1.1
VONG Vanguard Russell 1000 Growth Index Fund 57.6 8 2 3.5 -1.0
DSI iShares MSCI KLD 400 Social ETF 57.4 25 -15 4.5 -0.0
QUS SPDR MSCI USA StrategicFactors ETF 56.8 15 -5 5.2 +0.7
IWY iShares Russell Top 200 Growth ETF 56.7 20 -10 3.6 -1.0
JHML John Hancock Multifactor Large Cap ETF 56.6 29 -19 4.8 +0.3
DIVB iShares U.S. Dividend & Buyback ETF 56.3 25 -15 5.9 +1.3
VUG Vanguard Growth Index Fund 55.5 4 6 3.5 -1.1
HIPR Direxion High Growth ETF 54.5 40 -30 3.8 -0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 53.6 15 -5 5.8 +1.2
SUSL iShares ESG MSCI USA Leaders ETF 53.6 10 0 4.8 +0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 53.6 10 0 4.8 +0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 53.6 25 -15 5.7 +1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 53.0 28 -18 6.1 +1.6
MGK Vanguard Mega Cap Growth ETF 52.9 7 3 3.6 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 52.8 39 -29 5.8 +1.2
RECS Columbia Research Enhanced Core ETF 52.6 15 -5 5.1 +0.5
SCHV Schwab U.S. Large-Cap Value ETF 52.3 4 6 6.0 +1.5
SPYV SPDR Portfolio S&P 500 Value ETF 51.1 4 6 6.4 +1.8
IVE iShares S&P 500 Value ETF 51.0 18 -8 6.2 +1.7
VOOV Vanguard S&P 500 Value ETF 51.0 10 0 6.6 +2.0
RESP WisdomTree US ESG Fund of Benef Interest 50.7 28 -18 5.0 +0.5
AVUS Avantis U.S. Equity ETF 50.7 15 -5 4.8 +0.3
DTD WisdomTree U.S.Total Dividend Fund 50.6 28 -18 6.2 +1.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 50.4 25 -15 5.7 +1.1
KRMA Global X Conscious Companies ETF 50.2 43 -33 4.8 +0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 50.1 42 -32 4.6 +0.0
IUS Invesco Strategic US ETF 50.0 19 -9 5.4 +0.9
IUSV iShares Core S&P U.S. Value ETF 49.5 4 6 6.4 +1.9
VONV Vanguard Russell 1000 Value Index Fund 48.7 8 2 6.1 +1.6
KOKU Xtrackers MSCI Kokusai Equity ETF 48.4 9 1 5.0 +0.4
RWL Invesco S&P 500 Revenue ETF 48.3 39 -29 6.2 +1.7
TOK iShares MSCI Kokusai ETF 48.3 25 -15 4.9 +0.3
IWD iShares Russell 1000 Value ETF 48.2 19 -9 6.0 +1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 47.8 30 -20 5.2 +0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.7 19 -9 5.3 +0.7
DGRO iShares Core Dividend Growth ETF 47.5 8 2 6.0 +1.4
ACIO Aptus Collared Income Opportunity ETF 47.5 79 -69 3.8 -0.7
SCHG Schwab U.S. Large-Cap Growth ETF 47.3 4 6 3.2 -1.4
SUSA iShares MSCI USA ESG Select ETF 46.7 25 -15 4.2 -0.3
TMFC Motley Fool 100 Index ETF 46.6 50 -40 3.0 -1.5
FQAL Fidelity Quality Factor ETF 46.5 29 -19 5.0 +0.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 46.1 21 -11 2.9 -1.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 46.1 25 -15 4.9 +0.3
IETC iShares Evolved U.S. Technology ETF 46.0 18 -8 3.4 -1.1

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 S&P 500 ESG ETF
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 17.4 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.40 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.