SPDR Russell 1000 Low Volatility ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.2x P/Sales
ratio
3.4x
P/BV
ratio
3.0x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR Russell 1000 Low Volatility ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Russell 1000 Low Volatility Index.

FUND BASICS
Category US Equities
Fund Sponsor SSgA Funds Management Inc
Website www.spdrs.com
Inception date Feb 20, 2013
Assets (mns) $600
Currency USD
Expense ratio 12 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Technical
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 135
Wgt avg mkt cap (mns) $97,186
Large cap (>$10bn) 88.8%
Mid cap ($2-10bn) 11.0%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CHUBB LIMITED 1.7 %
REPUBLIC SERVICES INC 1.7 %
MARSH & MCLENNAN COS 1.5 %
AFLAC INC 1.5 %
INTERCONTINENTALEXCHANGE INC 1.5 %
BERKSHIRE HATHAWAY INC-CL B 1.5 %
NEXTERA ENERGY GROUP 1.4 %
ARTHUR J GALLAGHER & CO 1.4 %
AON PLC 1.3 %
VISA INC-CLASS A SHARES 1.2 %
Total 14.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 89.3 %
BRITAIN 3.1 %
BERMUDA 2.7 %
IRELAND 2.3 %
SWITZERLAND 1.7 %
ISRAEL 0.6 %





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.
7.4% 7.4% 13.1% -- 12.9%

Market Correlations
versus... Beta R-squared
S&P500 0.81 87%
MSCI EAFE 0.77 78%
MSCI Emg. Mkts. 0.59 58%

Technical Indicators
Recent close $119.67
30d moving avg. $118.93
Annualized volatility 16.3%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.5%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 32
Turnover 0.6%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $49,253

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the SPDR Russell 1000 Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with LGLV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LGLV Expense: 12 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LGLV
Ticker Fund
Name
Overlap1
vs LGLV
(%)
Expense
ratio
(bp)
Savings
vs LGLV
(bp)
ALTAR
Score™
(%)
ALTAR
vs LGLV
(%)
FDLO Fidelity Low Volatility Factor ETF 44.9 29 -17 4.9 -0.3
USMV iShares Edge MSCI Min Vol USA ETF 37.6 15 -3 5.3 +0.1
FLLV Franklin Liberty U.S. Low Volatility ETF 33.7 29 -17 4.9 -0.3
QUS SPDR MSCI USA StrategicFactors ETF 29.2 15 -3 5.2 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 28.9 12 0 5.0 -0.2
JMIN JPMorgan U.S. Minimum Volatility ETF 28.5 12 0 5.3 +0.1
SPMV Invesco S&P 500 Minimum Variance ETF 28.0 10 2 5.4 +0.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 27.2 70 -58 4.8 -0.4
LSLT Salt Low truBeta US Market ETF 27.0 60 -48 5.8 +0.6
PSET Principal Price Setters Index ETF 26.8 15 -3 4.6 -0.6
FLQL Franklin LibertyQ U.S. Equity ETF 26.6 15 -3 5.9 +0.7
DEF Invesco Defensive Equity ETF 26.3 55 -43 5.2 +0.1
QLV FlexShares US Quality Low Volatility Index Fund 26.1 22 -10 4.3 -0.9
KLCD KFA Large Cap Quality Dividend Index ETF 25.8 42 -30 5.0 -0.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 25.6 25 -13 5.8 +0.6
SCHV Schwab U.S. Large-Cap Value ETF 25.4 4 8 6.0 +0.9
SPLV Invesco S&P 500 Low Volatility ETF 25.3 25 -13 5.6 +0.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 25.2 15 -3 4.6 -0.6
SPYV SPDR Portfolio S&P 500 Value ETF 25.1 4 8 6.4 +1.2
IVE iShares S&P 500 Value ETF 25.1 18 -6 6.2 +1.0
FQAL Fidelity Quality Factor ETF 25.0 29 -17 5.0 -0.2
MGC Vanguard Mega Cap Index Fund 24.6 7 5 4.6 -0.6
VOOV Vanguard S&P 500 Value ETF 24.6 10 2 6.6 +1.4
PBP Invesco S&P 500 BuyWrite ETF 24.6 49 -37 4.3 -0.9
VSDA VictoryShares Dividend Accelerator ETF 24.6 35 -23 4.6 -0.5
IWL iShares Russell Top 200 ETF 24.4 15 -3 4.4 -0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 24.4 60 -48 4.4 -0.8
IUSV iShares Core S&P U.S. Value ETF 24.4 4 8 6.4 +1.2
PFM Invesco Dividend Achievers ETF 24.4 53 -41 5.0 -0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 24.3 0 12 4.5 -0.7
VOO VANGUARD S&P 500 ETF 24.2 3 9 4.8 -0.4
SPY SPDR S&P 500 ETF Trust 24.1 9 3 4.7 -0.5
IVV iShares Core S&P 500 ETF 24.1 3 9 4.7 -0.5
SPLG SPDR Portfolio Large Cap ETF 24.1 3 9 4.7 -0.5
IWX iShares Russell Top 200 Value ETF 23.8 20 -8 6.0 +0.9
ESGV Vanguard ESG U.S. Stock ETF 23.8 12 0 4.5 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 23.7 20 -8 4.8 -0.4
OUSA O'Shares FTSE US Quality Dividend ETF 23.7 48 -36 5.5 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.5 2 10 4.6 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 23.5 27 -15 4.6 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 23.5 15 -3 4.4 -0.8
FVL First Trust Value Line 100 ETF 23.4 70 -58 6.0 +0.8
VONV Vanguard Russell 1000 Value Index Fund 23.3 8 4 6.1 +0.9
VV Vanguard Large-Cap Index Fund 23.3 4 8 4.6 -0.6
SCHX Schwab U.S. Large-Cap ETF 23.2 3 9 4.5 -0.6
PBUS Invesco PureBeta MSCI USA ETF 23.2 4 8 4.6 -0.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 23.1 35 -23 5.1 -0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.1 7 5 4.5 -0.7
SPTM SPDR Portfolio Total Stock Market ETF 23.0 3 9 4.8 -0.4
SCHK Schwab 1000 Index ETF 22.9 5 7 4.6 -0.6
IWB iShares Russell 1000 ETF 22.9 15 -3 4.4 -0.7
DGRO iShares Core Dividend Growth ETF 22.9 8 4 6.0 +0.8
SPXT ProShares S&P 500 Ex-Technology ETF 22.8 27 -15 4.8 -0.3
FLRG Fidelity U.S. Multifactor ETF 22.8 29 -17 5.9 +0.7
IYY iShares Dow Jones U.S. ETF 22.7 20 -8 4.4 -0.8
IWD iShares Russell 1000 Value ETF 22.7 19 -7 6.0 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 22.7 27 -15 4.3 -0.8
VIG Vanguard Dividend Appreciation Index Fund 22.6 6 6 5.0 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 22.5 29 -17 4.5 -0.6
JKD iShares Morningstar Large-Cap ETF 22.4 20 -8 4.7 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 22.2 9 3 4.8 -0.4
XVV iShares ESG Screened S&P 500 ETF 22.2 8 4 4.9 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 22.2 20 -8 4.6 -0.6
VTHR Vanguard Russell 3000 Index Fund 22.2 10 2 4.4 -0.8
EQWL Invesco Russell Top 200 Equal Weight ETF 22.1 25 -13 5.6 +0.4
ACWV iShares MSCI Global Min Vol Factor ETF 22.1 20 -8 5.5 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 22.0 27 -15 4.3 -0.9
ACIO Aptus Collared Income Opportunity ETF 21.9 79 -67 3.8 -1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 21.8 30 -18 5.0 -0.1
JHML John Hancock Multifactor Large Cap ETF 21.8 29 -17 4.8 -0.4
IWV iShares Russell 3000 ETF 21.7 20 -8 4.3 -0.9
IQSU IQ Candriam ESG US Equity ETF 21.6 9 3 4.5 -0.7
SCHB Schwab U.S. Broad Market ETF 21.6 3 9 4.4 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 21.4 3 9 4.4 -0.8
FVD First Trust Value Line Dividend Index Fund 21.4 70 -58 5.8 +0.6
VONE Vanguard Russell 1000 ETF 21.4 8 4 4.5 -0.6
SFY SoFi Select 500 ETF 21.3 0 12 4.5 -0.7
EFIV SPDR S&P 500 ESG ETF 21.1 10 2 4.6 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 21.1 25 -13 5.9 +0.7
SNPE Xtrackers S&P 500 ESG ETF 21.1 10 2 4.6 -0.6
VTI Vanguard Total Stock Market Index Fund 21.1 3 9 4.4 -0.8
OEF iShares S&P 100 ETF 20.7 20 -8 4.2 -1.0
QWLD SPDR MSCI World StrategicFactors ETF 20.5 30 -18 5.3 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 20.5 10 2 4.8 -0.4
SUSL iShares ESG MSCI USA Leaders ETF 20.5 10 2 4.8 -0.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 20.4 49 -37 4.2 -1.0
DFAU Dimensional US Core Equity Market ETF 20.3 12 0 4.7 -0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 20.2 28 -16 6.1 +1.0
ROUS Hartford Multifactor US Equity ETF 20.2 19 -7 5.8 +0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 20.0 28 -16 6.0 +0.8
EPS WisdomTree U.S. Earnings 500 Fund 20.0 8 4 5.9 +0.7
RNLC Large Cap US Equity Select ETF 19.9 60 -48 5.2 0.0
VOOG Vanguard S&P 500 Growth ETF 19.8 10 2 3.9 -1.3
DTD WisdomTree U.S.Total Dividend Fund 19.8 28 -16 6.2 +1.1
RBUS Nationwide Risk-Based U.S. Equity ETF 19.6 30 -18 4.6 -0.6
KRMA Global X Conscious Companies ETF 19.4 43 -31 4.8 -0.4
VTV Vanguard Value Index Fund 19.3 4 8 6.5 +1.3

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 Russell 1000 Low Volatility 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 14.8 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.