SPDR S&P 500 ESG ETF
ALTAR
Score™		 5.1% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 23.9x P/Sales
ratio		 2.9x
P/BV
ratio		 4.5x Div.
yield		 1.3%


  • 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) $1,659
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 314
Wgt avg mkt cap (mns) $979,884
Large cap (>$10bn) 99.6%
Mid cap ($2-10bn) 0.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 10.4 %
MICROSOFT CORP 9.2 %
NVIDIA CORP 9.1 %
TESLA MOTORS INC 3.3 %
ALPHABET INC. CLASS A 3.1 %
ALPHABET INC. CLASS C 2.5 %
JPMORGAN CHASE & CO 1.9 %
ELI LILLY & CO 1.7 %
VISA INC. CLASS A 1.5 %
EXXON MOBIL CORP 1.4 %
Total 44.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.2 %
IRELAND 2.0 %
BRITAIN 0.8 %
SWITZERLAND 0.3 %
BERMUDA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
27.6% 33.2% -- -- 16.0%

Market Correlations
versus... Beta R-squared
S&P500 1.00 99%
MSCI EAFE 0.85 72%
MSCI Emg. Mkts. 0.63 39%

Technical Indicators
Recent close $56.95
30d moving avg. $58.10
Annualized volatility 17.6%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.2%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 171
Turnover 0.6%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $176,529

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 35 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™: 5.1%


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
(%)
XYLE Global X S&P 500 ESG Covered Call ETF 99.3 60 -50 4.7 -0.4
PBP Invesco S&P 500 BuyWrite ETF 72.4 49 -39 4.5 -0.7
XYLD Global X S&P 500 Covered Call ETF 72.2 60 -50 4.3 -0.8
XRMI Global X S&P 500 Risk Managed Income ETF 72.2 60 -50 4.4 -0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 71.1 60 -50 4.4 -0.7
XCLR Global X S&P 500 Collar 95-110 ETF 70.1 25 -15 5.0 -0.2
XTR Global X S&P 500 Tail Risk ETF 70.1 26 -16 5.0 -0.2
SFLR Innovator Equity Managed Floor ETF 58.0 89 -79 4.1 -1.1
ACIO Aptus Collared Investment Opportunity ETF 49.8 79 -69 4.1 -1.0
QYLE Global X Nasdaq 100 ESG Covered Call ETF 47.4 60 -50 4.2 -0.9
FTHI First Trust BuyWrite Income ETF 45.7 75 -65 4.8 -0.4
QYLD Global X NASDAQ 100 Covered Call ETF 45.7 60 -50 4.1 -1.1
QRMI Global X NASDAQ 100 Risk Managed Income ETF 45.6 60 -50 4.0 -1.1
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 44.7 60 -50 4.1 -1.1
QCLR Global X NASDAQ 100 Collar 95-110 ETF 44.3 25 -15 4.4 -0.7
NUSI Nationwide Nasdaq-100 Risk-Managed Income ETF 44.2 68 -58 4.0 -1.1
QTR Global X NASDAQ 100 Tail Risk ETF 43.8 26 -16 4.4 -0.7
FTQI First Trust Nasdaq BuyWrite Income ETF 42.6 75 -65 3.4 -1.7
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 38.7 35 -25 4.4 -0.8
GARP iShares MSCI USA Quality GARP ETF 35.5 15 -5 4.8 -0.3
MMLG First Trust Multi-Manager Large Growth ETF 35.4 85 -75 1.9 -3.2
SIXH ETC 6 Meridian Hedged Equity Index Option ETF 27.4 82 -72 5.8 +0.7
DJIA Global X Dow 30 Covered Call ETF 27.2 60 -50 4.7 -0.4
DYLG Global X Dow 30 Covered Call & Growth ETF 27.1 60 -50 4.8 -0.3
TYLG Global X Information Technology Covered Call & Growth ETF 25.3 60 -50 4.6 -0.6
CCOR Core Alternative ETF 25.2 107 -97 4.8 -0.4
DIVO Amplify CWP Enhanced Dividend Income ETF 18.1 55 -45 5.5 +0.4
FYLG Global X Financials Covered Call & Growth ETF 14.6 60 -50 4.9 -0.3
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF 13.9 75 -65 5.7 +0.6
THNQ ROBO Global Artificial Intelligence ETF 11.7 68 -58 1.4 -3.8
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF 11.2 58 -48 3.8 -1.3
HYLG Global X Health Care Covered Call & Growth ETF 10.2 60 -50 7.2 +2.1
LCG Sterling Capital Focus Equity ETF 6.8 59 -49 3.6 -1.5
XVOL Acruence Active Hedge U.S. Equity ETF 3.9 83 -73 5.1 -0.0
GBLD Invesco MSCI Green Building ETF 0.1 39 -29 8.9 +3.8

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%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 20.3 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.58
 
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.