SPDR S&P Global Natural Resources ETF
ALTAR
Score™
5.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
32.8x P/Sales
ratio
1.1x
P/BV
ratio
1.5x Div.
yield
3.5%


  • 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) $1,582
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) $53,540
Large cap (>$10bn) 88.9%
Mid cap ($2-10bn) 8.2%
Small cap (<$2bn) 0.0%
Developed mkts 87.5%
Emerging mkts 12.5%

TOP TEN HOLDINGS
BHP BILLITON LTD 5.1 %
EXXON MOBIL CORP 4.3 %
TOTAL SA 3.8 %
CHEVRON CORP 3.7 %
BP PLC 2.8 %
ROYAL DUTCH SHELL PLC-A SHS 2.8 %
VALE SA-SP ADR 2.7 %
UPM-KYMMENE OYJ 2.7 %
ANGLO AMERICAN PLC 2.4 %
FREEPORT-MCMORAN COPPER 2.1 %
Total 32.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 27.7 %
BRITAIN 11.3 %
AUSTRALIA 10.3 %
CANADA 7.6 %
FINLAND 5.3 %
FRANCE 3.8 %
RUSSIA 3.7 %
BRAZIL 3.1 %
JAPAN 2.1 %
SWITZERLAND 2.0 %

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.
-0.0% -0.0% 10.1% -0.1% 1.4%

Market Correlations
versus... Beta R-squared
S&P500 1.15 80%
MSCI EAFE 1.23 90%
MSCI Emg. Mkts. 1.01 77%

Technical Indicators
Recent close $47.89
30d moving avg. $46.17
Annualized volatility 24.2%
Short interest (ETF) 0.4%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 268
Turnover 0.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $14,011

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.2%


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 Ind 48.9 46 -6 5.0 -0.2
HAP VanEck Vectors Natural Resources ETF 38.4 50 -10 4.9 -0.3
MXI iShares Global Materials ETF 31.7 45 -5 5.0 -0.2
IXC iShares Global Energy ETF 29.4 46 -6 5.1 -0.1
FILL iShares MSCI Global Energy Producers ETF 29.1 39 1 5.5 +0.3
GRES IQ Global Resources ETF 29.0 78 -38 5.6 +0.5
NANR SPDR S&P North American Natural Resources ETF 22.4 35 5 3.1 -2.1
IGE iShares North American Natural Resources ETF 21.5 46 -6 3.6 -1.6
PICK iShares MSCI Global Metals & Mining Producers ETF 19.1 39 1 5.4 +0.2
DFAI Dimensional International Core Equity Market ETF 18.5 18 22 6.4 +1.2
CUT Invesco MSCI Global Timber ETF 16.0 61 -21 7.3 +2.1
XLE Energy Select Sector SPDR Fund 13.5 13 27 3.9 -1.3
FENY Fidelity MSCI Energy Index ETF 13.5 8 32 3.6 -1.6
IYE iShares U.S. Energy ETF 13.5 42 -2 3.5 -1.7
VDE Vanguard Energy Index Fund 13.5 10 30 3.4 -1.8
JHME John Hancock Multifactor Energy ETF 13.5 40 0 3.3 -1.9
FXN First Trust Energy AlphaDEX Fund 13.4 65 -25 1.8 -3.4
RYE Invesco S&P 500 Equal Weight Energy ETF 13.2 40 0 3.2 -2.0
WOOD iShares Global Timber & Forestry ETF 12.9 46 -6 8.0 +2.8
FTXN First Trust Nasdaq Oil & Gas ETF 12.7 60 -20 2.3 -2.9
ISDX Invesco RAFI Strategic Developed ex-US ETF 12.7 23 17 6.3 +1.1
XOP SPDR S&P Oil & Gas Exploration & Production ETF 11.9 35 5 3.0 -2.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 11.7 65 -25 1.2 -4.0
FYLD Cambria Foreign Shareholder Yield ETF 11.0 59 -19 5.6 +0.4
HDV iShares Core High Dividend ETF 10.9 8 32 6.3 +1.1
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 10.9 19 21 6.0 +0.8
EQRR ProShares Equities for Rising Rates ETF 10.8 35 5 6.1 +0.9
EPP iShares MSCI Pacific ex-Japan ETF 10.7 48 -8 5.6 +0.5
FLAU Franklin FTSE Australia ETF 10.7 9 31 5.8 +0.6
FTRI First Trust Indxx Global Natural Resources Income ETF 10.6 70 -30 7.6 +2.4
ZGBR SPDR Solactive United Kingdom ETF 10.5 14 26 7.0 +1.8
FLGB Franklin FTSE United Kingdom ETF 10.4 9 31 6.9 +1.7
EWA iShares MSCI Australia ETF 10.3 51 -11 5.3 +0.1
PEY Invesco High Yield Equity Dividend Achievers ETF 10.3 52 -12 8.1 +2.9
JHMA John Hancock Multifactor Materials ETF 10.3 40 0 5.3 +0.1
EWU iShares MSCI United Kingdom ETF 10.1 51 -11 6.5 +1.3
VAW Vanguard Materials Index Fund 10.0 10 30 4.9 -0.3
FMAT Fidelity MSCI Materials Index ETF 10.0 8 32 4.9 -0.3
VRAI Virtus Real Asset Income ETF 9.8 55 -15 8.8 +3.6
DOO WisdomTree International Dividend ex-Financials Fund 9.6 58 -18 7.7 +2.5
XLB Materials Select Sector SPDR Fund 9.5 13 27 4.7 -0.5
RTM Invesco S&P 500 Equal Weight Materials ETF 9.5 40 0 4.7 -0.5
MAGA Point Bridge GOP Stock Tracker ETF 9.5 72 -32 5.3 +0.2
FNDF Schwab Fundamental International Large Co. Index ETF 9.4 25 15 7.7 +2.5
ALTL Pacer Lunt Large Cap Alternator ETF 9.0 60 -20 5.5 +0.4
SPHB Invesco S&P 500 High Beta ETF 9.0 25 15 5.9 +0.7
IDOG ALPS International Sector Dividend Dogs ETF 8.9 50 -10 8.2 +3.0
SPVU Invesco S&P 500 Enhanced Value ETF 8.9 13 27 9.5 +4.3
BLES Inspire Global Hope Large Cap ETF 8.8 52 -12 5.6 +0.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 8.6 20 20 8.4 +3.2
SDY SPDR S&P Dividend ETF 8.6 35 5 6.4 +1.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 8.6 75 -35 5.3 +0.2
IDV iShares International Select Dividend ETF 8.5 49 -9 8.8 +3.6
VOE Vanguard Mid-Cap Value Index Fund 8.5 7 33 6.6 +1.4
ESGN Columbia Sustainable International Equity Income ETF 8.3 45 -5 9.2 +4.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.3 45 -5 7.7 +2.5
EFAS Global X MSCI SuperDividend EAFE ETF 8.2 56 -16 7.9 +2.7
ONEY SPDR Russell 1000 Yield Focus ETF 8.1 20 20 7.2 +2.0
DGT SPDR Global Dow ETF 8.1 50 -10 6.3 +1.1
JKI iShares Morningstar Mid-Cap Value ETF 8.1 30 10 7.6 +2.4
IQDG WisdomTree International Quality Dividend Growth Fund 8.0 42 -2 6.1 +0.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 8.0 58 -18 5.9 +0.7
IUS Invesco Strategic US ETF 8.0 19 21 5.5 +0.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 8.0 60 -20 4.7 -0.5
VLU SPDR S&P 1500 Value Tilt ETF 8.0 12 28 6.2 +1.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 8.0 35 5 7.6 +2.4
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 8.0 35 5 7.7 +2.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 7.9 25 15 5.8 +0.6
IQIN IQ 500 International ETF 7.9 25 15 7.6 +2.4
VYMI Vanguard International High Dividend Yield ETF 7.8 27 13 9.0 +3.8
EFV iShares MSCI EAFE Value ETF 7.8 39 1 8.4 +3.2
VEGI iShares MSCI Global Agriculture Producers ETF 7.8 39 1 4.4 -0.8
RPV Invesco S&P 500 Pure Value ETF 7.6 35 5 9.9 +4.7
MOO VanEck Vectors Agribusiness ETF 7.5 56 -16 4.6 -0.6
JDIV JPMorgan U.S. Dividend ETF 7.4 12 28 6.7 +1.6
FXZ First Trust Materials AlphaDEX Fund 7.3 65 -25 5.7 +0.5
TPHD Timothy Plan High Dividend Stock ETF 7.3 52 -12 5.6 +0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 7.3 25 15 5.7 +0.5
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 7.3 30 10 8.1 +2.9
DVY iShares Select Dividend ETF 7.2 39 1 8.0 +2.8
FKU First Trust United Kingdom AlphaDEX Fund 7.2 80 -40 6.9 +1.7
FDVV Fidelity Core Dividend ETF 7.2 29 11 6.1 +0.9
IVLU iShares Edge MSCI Intl Value Factor ETF 7.2 30 10 10.0 +4.8
VOOV Vanguard S&P 500 Value ETF 6.9 10 30 6.6 +1.4
FTAG First Trust Indxx Global Agriculture ETF 6.9 70 -30 5.1 -0.1
WBIY WBI Power Factor High Dividend ETF 6.9 70 -30 8.4 +3.2
RWL Invesco S&P 500 Revenue ETF 6.7 39 1 6.3 +1.1
IVAL Alpha Architect International Quantitative Value ETF 6.5 59 -19 8.3 +3.1
IYM iShares U.S. Basic Materials ETF 6.5 43 -3 4.4 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 6.5 39 1 5.8 +0.6
WWJD Inspire International ESG ETF 6.5 80 -40 6.0 +0.8
RDIV Invesco S&P Ultra Dividend Revenue ETF 6.5 39 1 8.7 +3.5
BBCA JPMorgan BetaBuilders Canada ETF 6.5 19 21 6.5 +1.3
ZCAN SPDR Solactive Canada ETF 6.5 14 26 6.5 +1.3
EWC iShares MSCI Canada ETF 6.5 51 -11 6.2 +1.1
VYM Vanguard High Dividend Yield Index ETF 6.4 6 34 6.6 +1.4
SGDM Sprott Gold Miners ETF 6.4 50 -10 3.5 -1.7

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 7.8 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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