SPDR S&P Global Natural Resources ETF
ALTAR
Score™
8.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
14.1x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
5.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P Global Natural Resources ETF is an exchanged-traded fund incorporated in the United States. The Fund seeks to track the performance of the S&P Global Natural Resources Index which tracks the global natural resources and commodities businesses.

FUND BASICS
Category Global Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Sep 13, 2010
Assets (mns) $704
Currency USD
Expense ratio 40 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 96
Wgt avg mkt cap (mns) $38,023
Large cap (>$10bn) 69.3%
Mid cap ($2-10bn) 27.8%
Small cap (<$2bn) 0.3%
Developed mkts 90.0%
Emerging mkts 10.0%

TOP TEN HOLDINGS
BHP BILLITON LTD 4.8 %
TOTAL SA 3.8 %
EXXON MOBIL CORP 3.7 %
UPM-KYMMENE OYJ 3.6 %
BP PLC 3.3 %
CHEVRON CORP 3.1 %
BARRICK GOLD CORP 2.9 %
ROYAL DUTCH SHELL PLC-A SHS 2.8 %
VALE SA-SP ADR 2.4 %
ANGLO AMERICAN PLC 2.2 %
Total 32.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 25.4 %
BRITAIN 12.6 %
CANADA 9.9 %
AUSTRALIA 9.4 %
FINLAND 5.7 %
RUSSIA 4.6 %
FRANCE 3.8 %
JAPAN 2.9 %
BRAZIL 2.7 %
NORWAY 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-33.0% -30.5% -3.4% -- -2.6%

Market Correlations
versus... Beta R-squared
S&P500 1.12 71%
MSCI EAFE 1.23 84%
MSCI Emg. Mkts. 0.99 79%

Technical Indicators
Recent close $31.53
30d moving avg. $33.57
Annualized volatility 20.2%
Short interest (ETF) 0.5%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 737
Turnover 3.3%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $14,317

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the SPDR S&P Global Natural Resources ETF ETF based on the alternatives' overlap in portfolio holdings with GNR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GNR Expense: 40 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GNR
Ticker Fund
Name
Overlap1
vs GNR
(%)
Expense
ratio
(bp)
Savings
vs GNR
(bp)
ALTAR
Score™
(%)
ALTAR
vs GNR
(%)
GUNR Flexshares Morningstar Global Upstream Natural Resources 51.1 46 -6 8.0 -0.7
HAP VanEck Vectors Natural Resources ETF 40.6 50 -10 8.3 -0.3
MXI iShares Global Materials ETF 29.5 46 -6 8.4 -0.2
IXC iShares Global Energy ETF 26.0 46 -6 7.2 -1.5
FILL iShares MSCI Global Energy Producers ETF 25.1 39 1 8.2 -0.4
GRES IQ Global Resources ETF 24.8 77 -37 9.0 +0.4
NANR SPDR S&P North American Natural Resources ETF 23.1 35 5 5.4 -3.3
IGE iShares North American Natural Resources ETF 20.5 46 -6 6.0 -2.6
CUT Invesco MSCI Global Timber ETF 18.8 55 -15 11.8 +3.2
PICK iShares MSCI Global Metals & Mining Producers ETF 17.6 39 1 10.8 +2.2
WOOD iShares Global Timber & Forestry ETF 15.2 46 -6 12.8 +4.1
DTH WisdomTree DEFA Equity Income Fund 12.2 58 -18 12.3 +3.7
DEW WisdomTree Global High Dividend Fund 12.0 58 -18 11.4 +2.7
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 11.7 45 -5 14.8 +6.1
DOO WisdomTree International Dividend ex-Financials Fund 11.3 58 -18 10.9 +2.2
IVAL Alpha Architect International Quantitative Value ETF 11.0 59 -19 14.3 +5.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 10.8 65 -25 15.1 +6.5
XLE Energy Select Sector SPDR Fund 10.5 13 27 6.4 -2.3
JHME John Hancock Multifactor Energy ETF 10.5 40 0 6.2 -2.4
IYE iShares U.S. Energy ETF 10.5 42 -2 6.1 -2.6
FENY Fidelity MSCI Energy Index ETF 10.5 8 32 6.1 -2.6
VDE Vanguard Energy Index Fund 10.5 10 30 6.0 -2.6
RYE Invesco S&P 500 Equal Weight Energy ETF 10.5 40 0 5.5 -3.2
JHMA John Hancock Multifactor Materials ETF 10.3 40 0 9.1 +0.5
ISDX Invesco Strategic Developed ex-US ETF 10.3 23 17 9.9 +1.2
FTXN First Trust Nasdaq Oil & Gas ETF 10.2 60 -20 7.2 -1.5
RTM Invesco S&P 500 Equal Weight Materials ETF 10.1 40 0 8.8 +0.1
VAW Vanguard Materials Index Fund 10.1 10 30 8.7 +0.1
FMAT Fidelity MSCI Materials Index ETF 10.1 8 32 8.7 +0.0
XLB Materials Select Sector SPDR Fund 10.1 13 27 8.3 -0.4
FXN First Trust Energy AlphaDEX Fund 10.1 65 -25 8.4 -0.2
FLAU Franklin FTSE Australia ETF 10.0 9 31 8.5 -0.2
FDL First Trust Morningstar Dividend Leaders Index Fund 9.8 45 -5 10.9 +2.3
XOP SPDR S&P Oil & Gas Exploration & Production ETF 9.8 35 5 6.3 -2.4
GCOW Pacer Global High Dividend ETF 9.7 60 -20 13.3 +4.6
VEGI iShares MSCI Global Agriculture Producers ETF 9.5 39 1 8.0 -0.6
HDV iShares Core High Dividend ETF 9.5 8 32 8.1 -0.5
EFV iShares MSCI EAFE Value ETF 9.5 39 1 12.4 +3.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 9.4 20 20 12.7 +4.0
OEUR O'shares FTSE Europe Quality Dividend ETF 9.4 48 -8 7.6 -1.1
EWA iShares MSCI Australia ETF 9.4 50 -10 8.0 -0.7
FLGB Franklin FTSE United Kingdom ETF 9.2 9 31 9.0 +0.4
IDOG ALPS International Sector Dividend Dogs ETF 9.1 50 -10 13.5 +4.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 9.1 45 -5 11.3 +2.7
EWU iShares MSCI United Kingdom ETF 8.9 50 -10 8.5 -0.1
IDY Pacific Global International Equity Income ETF 8.9 39 1 10.8 +2.2
LVHI Legg Mason International Low Volatility High Dividend ETF 8.9 40 0 11.9 +3.2
MOO VanEck Vectors Agribusiness ETF 8.7 54 -14 7.5 -1.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 8.7 38 2 10.2 +1.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 8.7 20 20 11.1 +2.5
FTA First Trust Large Cap Value AlphaDEX Fund 8.6 60 -20 12.1 +3.5
FTRI First Trust Indxx Global Natural Resources Income ETF 8.6 70 -30 13.7 +5.0
FNDF Schwab Fundamental International Large Co. Index ETF 8.6 25 15 11.1 +2.5
DOL WisdomTree International LargeCap Dividend Fund 8.4 48 -8 10.8 +2.1
FXZ First Trust Materials AlphaDEX Fund 8.4 65 -25 10.3 +1.6
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 8.3 19 21 8.4 -0.2
QGBR SPDR MSCI UK StrategicFactors ETF 8.3 14 26 9.1 +0.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 8.3 60 -20 9.1 +0.5
EPP iShares MSCI Pacific ex-Japan ETF 8.2 48 -8 8.2 -0.5
DIET Defiance Next Gen Food & Agriculture ETF 8.1 30 10 6.3 -2.3
HLAL Wahed FTSE USA Shariah ETF 8.1 50 -10 6.2 -2.5
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 8.1 35 5 11.3 +2.7
JKF iShares Morningstar Large Cap Value ETF 8.0 25 15 9.5 +0.9
FKU First Trust United Kingdom AlphaDEX Fund 7.9 80 -40 13.1 +4.5
FYLD Cambria Foreign Shareholder Yield ETF 7.9 59 -19 12.7 +4.0
USDY Pacific Global US Equity Income ETF 7.8 29 11 10.5 +1.9
FDVV Fidelity Core Dividend ETF 7.8 29 11 9.7 +1.0
FTAG First Trust Indxx Global Agriculture ETF 7.8 70 -30 9.2 +0.5
VYMI Vanguard International High Dividend Yield ETF 7.8 32 8 12.3 +3.6
RFEU First Trust Riverfront Dynamic Europe ETF 7.7 83 -43 6.3 -2.4
RPV Invesco S&P 500 Pure Value ETF 7.6 35 5 17.6 +9.0
BLES Inspire Global Hope Large Cap ETF 7.6 61 -21 8.3 -0.3
VOE Vanguard Mid-Cap Value Index Fund 7.5 7 33 10.8 +2.2
PYZ Invesco DWA Basic Materials Momentum ETF 7.5 60 -20 7.7 -0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 7.5 83 -43 7.9 -0.7
ESGS Columbia Sustainable U.S. Equity Income ETF 7.4 35 5 12.1 +3.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 7.3 39 1 15.1 +6.5
MAGA Point Bridge GOP Stock Tracker ETF 7.3 72 -32 9.4 +0.7
DHS WisdomTree U.S. High Dividend Fund 7.2 38 2 10.5 +1.8
OUSA O'Shares FTSE US Quality Dividend ETF 7.2 48 -8 7.0 -1.7
AXJL WisdomTree Asia Pacific ex-Japan Fund 7.1 48 -8 11.0 +2.3
SPVU Invesco S&P 500 Enhanced Value ETF 7.1 13 27 15.9 +7.3
SPYD SPDR S&P 500 High Dividend ETF 7.1 7 33 14.3 +5.7
QDIV Global X S&P 500 Quality Dividend ETF 7.1 20 20 10.8 +2.1
TPHD Timothy Plan High Dividend Stock ETF 7.0 52 -12 9.4 +0.7
LVHD Legg Mason Low Volatility High Dividend ETF 7.0 27 13 8.6 -0.0
EWC iShares MSCI Canada ETF 6.9 49 -9 8.8 +0.1
IVLU iShares Edge MSCI Intl Value Factor ETF 6.9 30 10 14.1 +5.4
FAUS First Trust Australia AlphaDEX Fund 6.8 80 -40 10.4 +1.7
DJD Invesco Dow Jones Industrial Average Dividend ETF 6.8 7 33 8.3 -0.3
JKI iShares Morningstar Mid-Cap Value ETF 6.8 30 10 13.5 +4.9
GDX VanEck Vectors Gold Miners ETF 6.8 52 -12 4.1 -4.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 6.8 35 5 10.8 +2.1
BBCA JPMorgan BetaBuilders Canada ETF 6.7 19 21 9.0 +0.3
ONEY SPDR Russell 1000 Yield Focus ETF 6.7 20 20 12.2 +3.5
IDV iShares International Select Dividend ETF 6.7 49 -9 14.8 +6.2
DWM WisdomTree International Equity Fund 6.7 48 -8 10.6 +2.0
REVS Columbia Research Enhanced Value ETF 6.7 19 21 9.9 +1.2
SGDM Sprott Gold Miners ETF 6.6 50 -10 3.3 -5.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 6.6 25 15 8.3 -0.3

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 Global Natural Resources 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 8.2 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.50
 
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.