SPDR Russell 1000 Low Volatility ETF
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.8x P/Sales
ratio
3.2x
P/BV
ratio
2.8x Div.
yield
2.2%


  • 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) $549
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 133
Wgt avg mkt cap (mns) $91,024
Large cap (>$10bn) 85.2%
Mid cap ($2-10bn) 14.6%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
REPUBLIC SERVICES INC 1.8 %
MARSH & MCLENNAN COS 1.6 %
CHUBB LIMITED 1.5 %
BERKSHIRE HATHAWAY INC-CL B 1.4 %
AON PLC 1.4 %
INTERCONTINENTALEXCHANGE INC 1.4 %
ARTHUR J GALLAGHER & CO 1.4 %
MCDONALD'S CORP 1.3 %
AFLAC INC 1.2 %
VISA INC-CLASS A SHARES 1.2 %
Total 14.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.5 %
BRITAIN 3.1 %
BERMUDA 2.6 %
IRELAND 2.3 %
SWITZERLAND 1.5 %
ISRAEL 0.7 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.8% -0.8% 12.5% -- 11.7%

Market Correlations
versus... Beta R-squared
S&P500 0.79 86%
MSCI EAFE 0.81 75%
MSCI Emg. Mkts. 0.56 56%

Technical Indicators
Recent close $108.38
30d moving avg. $109.76
Annualized volatility 15.1%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.5%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 40
Turnover 0.8%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $45,755

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™: 5.6%


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 44.5 29 -17 5.2 -0.4
USMV iShares Edge MSCI Min Vol USA ETF 42.8 15 -3 5.5 -0.0
FLLV Franklin Liberty U.S. Low Volatility ETF 33.6 29 -17 5.5 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 31.4 15 -3 5.8 +0.2
JQUA JPMorgan U.S. Quality Factor ETF 29.2 12 0 5.4 -0.2
HUSV First Trust Horizon Managed Volatility Domestic ETF 28.2 70 -58 5.7 +0.1
JMIN JPMorgan U.S. Minimum Volatility ETF 28.2 12 0 5.5 -0.1
FLQL Franklin LibertyQ U.S. Equity ETF 28.0 15 -3 6.1 +0.6
LSLT Salt Low truBeta US Market ETF 28.0 60 -48 5.7 +0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 27.9 35 -23 5.4 -0.2
SPMV Invesco S&P 500 Minimum Variance ETF 27.6 10 2 5.7 +0.1
PSET Principal Price Setters Index ETF 27.0 15 -3 4.8 -0.7
QLV FlexShares US Quality Low Volatility Index Fund 26.8 22 -10 4.8 -0.8
SCHV Schwab U.S. Large-Cap Value ETF 25.6 4 8 6.8 +1.3
HSPX Global X S&P 500 Covered Call ETF 25.3 60 -48 4.8 -0.8
SPLV Invesco S&P 500 Low Volatility ETF 25.1 25 -13 5.5 -0.1
ALTL Pacer Lunt Large Cap Alternator ETF 25.1 60 -48 5.1 -0.4
PBP Invesco S&P 500 BuyWrite ETF 25.1 49 -37 4.9 -0.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 25.0 25 -13 5.8 +0.3
FQAL Fidelity Quality Factor ETF 25.0 29 -17 5.4 -0.2
VSDA VictoryShares Dividend Accelerator ETF 24.9 35 -23 4.8 -0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 24.9 60 -48 4.9 -0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 24.8 0 12 5.0 -0.6
MGC Vanguard Mega Cap Index Fund 24.8 7 5 5.0 -0.5
SPY SPDR S&P 500 ETF Trust 24.8 9 3 5.2 -0.4
IVV iShares Core S&P 500 ETF 24.8 3 9 5.3 -0.3
SPLG SPDR Portfolio Large Cap ETF 24.8 3 9 5.3 -0.3
IWL iShares Russell Top 200 ETF 24.7 15 -3 4.8 -0.8
VOO VANGUARD S&P 500 ETF 24.5 3 9 5.3 -0.3
DEF Invesco Defensive Equity ETF 24.5 55 -43 5.2 -0.4
ACWV iShares Edge MSCI Min Vol Global ETF 24.4 20 -8 5.7 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 24.2 27 -15 5.1 -0.4
VOOV Vanguard S&P 500 Value ETF 24.2 10 2 7.3 +1.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.2 2 10 5.1 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 24.2 20 -8 5.2 -0.4
JKD iShares Morningstar Large-Cap ETF 24.2 20 -8 5.6 0.0
PFM Invesco Dividend Achievers ETF 23.9 53 -41 5.3 -0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.9 7 5 5.1 -0.5
PBUS Invesco PureBeta MSCI USA ETF 23.9 4 8 5.1 -0.5
SCHX Schwab U.S. Large-Cap ETF 23.9 3 9 5.0 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 23.8 3 9 5.4 -0.2
VV Vanguard Large-Cap Index Fund 23.8 4 8 5.1 -0.5
IWX iShares Russell Top 200 Value ETF 23.8 20 -8 6.8 +1.3
IWB iShares Russell 1000 ETF 23.6 15 -3 5.0 -0.6
SCHK Schwab 1000 Index ETF 23.6 5 7 5.1 -0.5
ESGU iShares MSCI USA ESG Optimized ETF 23.4 15 -3 4.9 -0.6
IYY iShares Dow Jones U.S. ETF 23.4 20 -8 4.9 -0.6
VONV Vanguard Russell 1000 Value Index Fund 23.4 8 4 7.0 +1.5
SPXT ProShares S&P 500 Ex-Technology ETF 23.3 27 -15 5.5 -0.1
SPYV SPDR Portfolio S&P 500 Value ETF 23.3 4 8 7.4 +1.8
IVE iShares S&P 500 Value ETF 23.3 18 -6 7.2 +1.7
IWD iShares Russell 1000 Value ETF 23.3 19 -7 6.9 +1.3
SPXN ProShares S&P 500 Ex-Financials ETF 23.2 27 -15 4.8 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 23.2 9 3 5.4 -0.1
VONE Vanguard Russell 1000 ETF 23.2 8 4 5.0 -0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.1 29 -17 5.9 +0.4
VTHR Vanguard Russell 3000 Index Fund 22.7 10 2 4.9 -0.7
QWLD SPDR MSCI World StrategicFactors ETF 22.7 30 -18 6.1 +0.5
IUSV iShares Core S&P U.S. Value ETF 22.7 4 8 7.5 +1.9
SPXV ProShares S&P 500 Ex-Health Care ETF 22.6 27 -15 4.9 -0.7
CATH Global X S&P 500 Catholic Values Custom ETF 22.6 29 -17 5.0 -0.5
DGRO iShares Core Dividend Growth ETF 22.6 8 4 6.7 +1.1
IWV iShares Russell 3000 ETF 22.6 20 -8 4.8 -0.7
JHML John Hancock Multifactor Large Cap ETF 22.6 29 -17 5.4 -0.2
SCHB Schwab U.S. Broad Market ETF 22.4 3 9 5.0 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 22.4 3 9 4.9 -0.6
KLCD KFA Large Cap Quality Dividend Index ETF 22.2 42 -30 5.5 -0.1
ESGV Vanguard ESG U.S. Stock ETF 22.1 12 0 5.0 -0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 22.0 25 -13 6.3 +0.7
FLRG Fidelity U.S. Multifactor ETF 22.0 29 -17 6.4 +0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 21.8 20 -8 4.8 -0.8
VTI Vanguard Total Stock Market Index Fund 21.8 3 9 4.9 -0.6
FVD First Trust Value Line Dividend Index Fund 21.8 70 -58 6.2 +0.7
SFY SoFi Select 500 ETF 21.8 0 12 5.0 -0.6
SCIU Global X Scientific Beta US ETF 21.8 19 -7 0.0 -5.6
VIG Vanguard Dividend Appreciation Index Fund 21.7 6 6 5.2 -0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 21.5 10 2 5.3 -0.3
SUSL iShares ESG MSCI USA Leaders ETF 21.5 10 2 5.2 -0.3
IQSU IQ Candriam ESG US Equity ETF 21.4 9 3 4.9 -0.6
OUSA O'Shares FTSE US Quality Dividend ETF 21.3 48 -36 5.8 +0.3
DTD WisdomTree U.S.Total Dividend Fund 21.3 28 -16 6.7 +1.2
DIVB iShares U.S. Dividend & Buyback ETF 21.2 25 -13 6.9 +1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 21.2 28 -16 6.5 +0.9
USDY Pacific Global US Equity Income ETF 21.2 29 -17 7.0 +1.4
EFIV SPDR S&P 500 ESG ETF 21.1 10 2 5.0 -0.6
SNPE Xtrackers S&P 500 ESG ETF 21.1 10 2 4.9 -0.6
JMOM JPMorgan U.S. Momentum Factor ETF 20.9 12 0 3.3 -2.2
OEF iShares S&P 100 ETF 20.8 20 -8 4.7 -0.9
QDEF FlexShares Quality Dividend Defensive Index Fund 20.7 37 -25 6.0 +0.4
ROUS Hartford Multifactor US Equity ETF 20.7 19 -7 6.4 +0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 20.6 25 -13 6.7 +1.1
EPS WisdomTree U.S. Earnings 500 Fund 20.3 8 4 6.4 +0.8
PRF Invesco FTSE RAFI US 1000 ETF 20.1 39 -27 6.8 +1.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 20.1 18 -6 6.1 +0.6
IUS Invesco Strategic US ETF 20.1 19 -7 6.5 +0.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 20.0 35 -23 5.7 +0.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 20.0 35 -23 5.7 +0.1
VOOG Vanguard S&P 500 Growth ETF 19.9 10 2 4.2 -1.4
FTCS First Trust Capital Strength ETF 19.8 58 -46 4.8 -0.8
RNLC Large Cap US Equity Select ETF 19.7 60 -48 6.1 +0.5

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 14.7 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.