SPDR Russell 1000 Low Volatility ETF
ALTAR
Score™
6.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.1x P/Sales
ratio
2.3x
P/BV
ratio
2.2x Div.
yield
2.7%


  • 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 21, 2013
Assets (mns) $782
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 127
Wgt avg mkt cap (mns) $84,501
Large cap (>$10bn) 84.9%
Mid cap ($2-10bn) 14.8%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
REPUBLIC SERVICES INC 2.0 %
BERKSHIRE HATHAWAY INC-CL B 1.9 %
CROWN CASTLE INTL CORP 1.9 %
MARSH & MCLENNAN COS 1.8 %
CME GROUP INC 1.7 %
CHUBB LIMITED 1.6 %
INTERCONTINENTALEXCHANGE INC 1.5 %
ALLSTATE CORP 1.5 %
AON PLC 1.5 %
VISA INC-CLASS A SHARES 1.4 %
Total 16.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.0 %
BRITAIN 3.3 %
BERMUDA 2.3 %
SWITZERLAND 1.6 %
IRELAND 1.5 %
ISRAEL 0.6 %





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.
-20.3% -7.8% 7.1% -- 9.7%

Market Correlations
versus... Beta R-squared
S&P500 0.84 86%
MSCI EAFE 0.78 72%
MSCI Emg. Mkts. 0.56 54%

Technical Indicators
Recent close $90.60
30d moving avg. $101.59
Annualized volatility 13.8%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.5%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 266
Turnover 3.1%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $91,165

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.8%


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
(%)
USMV iShares Edge MSCI Min Vol USA ETF 49.2 15 -3 6.7 -0.1
FDLO Fidelity Low Volatility Factor ETF 47.8 29 -17 6.4 -0.4
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 44.6 25 -13 7.4 +0.6
SPLV Invesco S&P 500 Low Volatility ETF 44.5 25 -13 6.5 -0.4
DEF Invesco Defensive Equity ETF 41.8 55 -43 6.2 -0.6
LVUS Hartford Multifactor Low Volatility US Equity ETF 38.0 19 -7 7.4 +0.6
FLLV Franklin Liberty U.S. Low Volatility ETF 37.3 29 -17 7.0 +0.1
QUS SPDR MSCI USA StrategicFactors ETF 35.7 15 -3 7.1 +0.3
JMIN JPMorgan U.S. Minimum Volatility ETF 34.9 12 0 7.0 +0.2
JQUA JPMorgan U.S. Quality Factor ETF 33.9 12 0 6.5 -0.3
QLV FlexShares US Quality Low Volatility Index Fund 32.8 22 -10 6.2 -0.6
HSPX Global X S&P 500 Covered Call ETF 30.9 65 -53 6.3 -0.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 30.6 30 -18 7.8 +1.0
PBP Invesco S&P 500 BuyWrite ETF 30.5 49 -37 6.5 -0.3
SPMV Invesco S&P 500 Minimum Variance ETF 30.3 10 2 7.2 +0.4
IWL iShares Russell Top 200 ETF 30.1 15 -3 6.5 -0.3
MGC Vanguard Mega Cap Index Fund 29.9 7 5 6.7 -0.1
EQWL Invesco Russell Top 200 Equal Weight ETF 29.5 25 -13 7.4 +0.6
FQAL Fidelity Quality Factor ETF 29.1 29 -17 6.9 +0.1
RBUS Nationwide Risk-Based U.S. Equity ETF 29.0 30 -18 7.0 +0.2
SPY SPDR S&P 500 ETF Trust 29.0 9 3 6.9 +0.1
SPLG SPDR Portfolio Large Cap ETF 29.0 3 9 7.0 +0.1
IVV iShares Core S&P 500 ETF 29.0 4 8 6.9 +0.1
VOO VANGUARD S&P 500 ETF 28.9 3 9 6.9 +0.1
VV Vanguard Large-Cap Index Fund 28.9 4 8 6.8 -0.0
SPXE ProShares S&P 500 Ex-Energy ETF 28.8 27 -15 6.8 0.0
FLQL Franklin LibertyQ U.S. Equity ETF 28.7 15 -3 7.9 +1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 28.7 20 -8 6.9 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 28.6 2 10 6.9 +0.1
PSET Principal Price Setters Index ETF 28.5 29 -17 6.8 -0.1
PFM Invesco Dividend Achievers ETF 28.5 54 -42 6.4 -0.5
SCHX Schwab U.S. Large-Cap ETF 28.4 3 9 6.9 +0.0
VONE Vanguard Russell 1000 ETF 28.2 8 4 6.9 +0.0
ACWV iShares Edge MSCI Min Vol Global ETF 28.2 20 -8 6.7 -0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.1 9 3 7.1 +0.3
IWB iShares Russell 1000 ETF 28.0 15 -3 6.8 -0.0
PBUS Invesco PureBeta MSCI USA ETF 28.0 4 8 6.9 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 27.9 3 9 7.1 +0.3
SCHK Schwab 1000 Index ETF 27.8 5 7 6.9 +0.0
IYY iShares Dow Jones U.S. ETF 27.7 20 -8 6.8 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 27.6 27 -15 6.6 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 27.6 15 -3 6.7 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 27.5 20 -8 6.5 -0.4
SPMO Invesco S&P 500 Momentum ETF 27.5 13 -1 5.2 -1.6
LSLT Salt Low truBeta US Market ETF 27.5 0 12 8.3 +1.5
DGRO iShares Core Dividend Growth ETF 27.3 8 4 8.2 +1.4
SPXN ProShares S&P 500 Ex-Financials ETF 27.2 27 -15 6.5 -0.3
SPXT ProShares S&P 500 Ex-Technology ETF 27.1 27 -15 7.2 +0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 27.1 29 -17 8.0 +1.1
VTHR Vanguard Russell 3000 Index Fund 27.0 10 2 6.8 -0.1
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 26.9 29 -17 5.5 -1.3
ROUS Hartford Multifactor US Equity ETF 26.9 19 -7 9.0 +2.1
SCHB Schwab U.S. Broad Market ETF 26.8 3 9 6.9 +0.0
IWV iShares Russell 3000 ETF 26.8 20 -8 6.7 -0.2
VTI Vanguard Total Stock Market Index Fund 26.8 3 9 6.8 -0.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 26.8 12 0 6.5 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.7 3 9 6.8 -0.0
JMOM JPMorgan U.S. Momentum Factor ETF 26.7 12 0 5.0 -1.8
OEF iShares S&P 100 ETF 26.6 20 -8 6.2 -0.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 26.5 35 -23 7.3 +0.5
VOOV Vanguard S&P 500 Value ETF 26.4 15 -3 9.0 +2.1
SCIU Global X Scientific Beta US ETF 26.4 19 -7 7.4 +0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 26.3 28 -16 7.9 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 26.3 4 8 9.0 +2.2
IVE iShares S&P 500 Value ETF 26.2 18 -6 8.9 +2.1
IQSU IQ Candriam ESG US Equity ETF 26.2 9 3 6.5 -0.3
KLCD KFA Large Cap Quality Dividend Index ETF 26.1 41 -29 6.5 -0.4
JHML John Hancock Multifactor Large Cap ETF 26.0 34 -22 7.2 +0.4
ESGU iShares MSCI USA ESG Optimized ETF 25.9 15 -3 6.5 -0.3
VIG Vanguard Dividend Appreciation Index Fund 25.8 6 6 6.2 -0.6
OUSA O'Shares FTSE US Quality Dividend ETF 25.7 48 -36 6.9 +0.1
IUSV iShares Core S&P U.S. Value ETF 25.7 4 8 9.2 +2.3
QWLD SPDR MSCI World StrategicFactors ETF 25.5 30 -18 7.3 +0.5
SFY SoFi Select 500 ETF 25.2 0 12 6.5 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 25.1 29 -17 6.8 -0.0
SNPE Xtrackers S&P 500 ESG ETF 25.0 11 1 6.7 -0.1
DTD WisdomTree U.S.Total Dividend Fund 24.9 28 -16 8.3 +1.5
JHMF John Hancock Multifactor Financials ETF 24.9 40 -28 10.3 +3.4
FVD First Trust Value Line Dividend Index Fund 24.9 70 -58 7.8 +1.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 24.9 19 -7 8.0 +1.2
KRMA Global X Conscious Companies ETF 24.7 43 -31 7.2 +0.3
VSDA VictoryShares Dividend Accelerator ETF 24.7 35 -23 5.7 -1.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 24.4 25 -13 8.1 +1.3
CCOR Core Alternative ETF 24.3 123 -111 5.2 -1.6
JKD iShares Morningstar Large-Cap ETF 24.1 20 -8 7.3 +0.4
VYM Vanguard High Dividend Yield Index ETF 24.0 6 6 8.8 +2.0
VTV Vanguard Value Index Fund 24.0 4 8 9.0 +2.1
EPS WisdomTree U.S. Earnings 500 Fund 24.0 8 4 8.3 +1.4
PRF Invesco FTSE RAFI US 1000 ETF 23.8 39 -27 8.9 +2.1
ESGV Vanguard ESG U.S. Stock ETF 23.7 12 0 6.8 -0.0
SUSL iShares ESG MSCI USA Leaders ETF 23.7 10 2 6.8 -0.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 23.7 10 2 6.8 -0.0
VOOG Vanguard S&P 500 Growth ETF 23.7 10 2 5.6 -1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 23.7 4 8 5.6 -1.2
IVW iShares S&P 500 Growth ETF 23.6 18 -6 5.5 -1.3
VONV Vanguard Russell 1000 Value Index Fund 23.5 8 4 9.0 +2.2
ESG FlexShares STOXX US ESG Impact Index Fund 23.5 32 -20 6.6 -0.2
IWX iShares Russell Top 200 Value ETF 23.5 20 -8 8.6 +1.8
IUS Invesco Strategic US ETF 23.4 19 -7 7.7 +0.9
IUSG iShares Core S&P US Growth ETF 23.4 4 8 5.7 -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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 2.1 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.51
 
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.