SPDR MSCI ACWI Low Carbon Target ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
The SPDR MSCI ACWI Low Carbon Target ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that correspond generally to the price and yeild performance of the MSCI ACWI Low Carbon Target Index. |
Category | Global Equities |
Fund Sponsor | SSgA Funds Management Inc |
Website | www.spdrs.com |
Inception date | Nov 25, 2014 |
Assets (mns) | $82 |
Currency | USD |
Expense ratio | 20 bp |
Distributions | Semi-Annually |
Regulation | Open-Ended Fund |
Custodian | Bank of New York Mellon |
Weighting | Proprietary |
Index replication | Optimized |
Uses derivatives | No |
Options available | No |
No. of constituents | 1612 |
Wgt avg mkt cap (mns) | $317,684 |
Large cap (>$10bn) | 91.9% |
Mid cap ($2-10bn) | 7.2% |
Small cap (<$2bn) | 0.1% |
Developed mkts | 87.8% |
Emerging mkts | 11.8% |
APPLE INC | 3.9 % |
MICROSOFT CORP | 2.7 % |
AMAZON.COM INC | 2.3 % |
1.1 % | |
TESLA MOTORS INC | 1.1 % |
ALPHABET INC. CLASS A | 1.0 % |
TAIWAN SEMICONDUCTOR MANUFAC | 1.0 % |
ALPHABET INC. CLASS C | 0.9 % |
TENCENT HOLDINGS LTD | 0.9 % |
ALIBABA GROUP HOLDING LTD. SPONSOR | 0.8 % | Total | 15.5 % |
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UNITED STATES | 54.4 % |
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JAPAN | 6.7 % |
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CHINA | 5.1 % |
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BRITAIN | 3.9 % |
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CANADA | 3.1 % |
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SWITZERLAND | 2.8 % |
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FRANCE | 2.5 % |
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GERMANY | 2.3 % |
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SOUTH KOREA | 1.9 % |
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TAIWAN | 1.9 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
17.2% | 17.2% | 12.5% | -- | 9.5% |
versus... | Beta | R-squared |
S&P500 | 0.96 | 96% |
MSCI EAFE | 0.95 | 94% |
MSCI Emg. Mkts. | 0.78 | 80% |
Recent close | $117.66 |
30d moving avg. | $114.92 |
Annualized volatility | 18.4% |
Short interest (ETF) | 0.1% |
Relative strength (RSI) | 64 |
Avg. volume (thou.) | 4 |
Turnover | 0.6% |
Bid/Ask (% of price) | 0.13% |
ADV underlying (mns) | $405,735 |
FINDING ALTERNATIVE FUNDS
Below is a list of 98 potential alternatives to the SPDR MSCI ACWI Low Carbon Target ETF ETF based on the alternatives' overlap in portfolio holdings with LOWC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | LOWC | Expense: | 20 bp | ALTAR Score™: | 5.3% |
Ticker | Fund Name |
Overlap1 vs LOWC (%) |
Expense ratio (bp) |
Savings vs LOWC (bp) |
ALTAR Score™ (%) |
ALTAR vs LOWC (%) |
CRBN | iShares MSCI ACWI Low Carbon Target ETF | 89.7 | 20 | 0 | 5.3 | -0.0 |
ACWI | iShares MSCI ACWI ETF | 82.5 | 32 | -12 | 5.1 | -0.3 |
URTH | iShares MSCI World ETF | 76.9 | 24 | -4 | 5.0 | -0.4 |
VT | Vanguard Total World Stock ETF | 73.6 | 8 | 12 | 5.4 | +0.1 |
TOK | iShares MSCI Kokusai ETF | 73.1 | 25 | -5 | 4.9 | -0.4 |
KOKU | Xtrackers MSCI Kokusai Equity ETF | 72.5 | 9 | 11 | 5.0 | -0.3 |
SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 58.2 | 9 | 11 | 5.1 | -0.2 |
PBUS | Invesco PureBeta MSCI USA ETF | 55.1 | 4 | 16 | 4.6 | -0.7 |
IYY | iShares Dow Jones U.S. ETF | 54.9 | 20 | 0 | 4.4 | -0.9 |
SCHX | Schwab U.S. Large-Cap ETF | 54.8 | 3 | 17 | 4.6 | -0.8 |
SCHB | Schwab U.S. Broad Market ETF | 54.7 | 3 | 17 | 4.5 | -0.9 |
ITOT | iShares Core S&P Total U.S. Stock Market ETF | 54.7 | 3 | 17 | 4.4 | -0.9 |
IWB | iShares Russell 1000 ETF | 54.6 | 15 | 5 | 4.5 | -0.9 |
VTHR | Vanguard Russell 3000 Index Fund | 54.5 | 10 | 10 | 4.4 | -0.9 |
VTI | Vanguard Total Stock Market Index Fund | 54.5 | 3 | 17 | 4.4 | -0.9 |
SCHK | Schwab 1000 Index ETF | 54.5 | 5 | 15 | 4.6 | -0.7 |
IWV | iShares Russell 3000 ETF | 54.5 | 20 | 0 | 4.3 | -1.0 |
VONE | Vanguard Russell 1000 ETF | 54.4 | 8 | 12 | 4.6 | -0.8 |
BBUS | JP Morgan Betabuilders U.S. Equity ETF | 54.4 | 2 | 18 | 4.6 | -0.7 |
QWLD | SPDR MSCI World StrategicFactors ETF | 54.3 | 30 | -10 | 5.4 | +0.1 |
VV | Vanguard Large-Cap Index Fund | 53.9 | 4 | 16 | 4.6 | -0.7 |
JHML | John Hancock Multifactor Large Cap ETF | 53.8 | 29 | -9 | 4.9 | -0.5 |
TILT | Flexshares Morningstar US Market Factors Tilt Index Fund | 53.7 | 25 | -5 | 4.9 | -0.4 |
GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 53.6 | 7 | 13 | 4.5 | -0.8 |
DFAU | Dimensional US Core Equity Market ETF | 52.8 | 12 | 8 | 4.7 | -0.6 |
SFY | SoFi Select 500 ETF | 52.0 | 0 | 20 | 4.6 | -0.8 |
SPTM | SPDR Portfolio Total Stock Market ETF | 52.0 | 3 | 17 | 4.8 | -0.5 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 51.8 | 60 | -40 | 4.4 | -0.9 |
PBP | Invesco S&P 500 BuyWrite ETF | 51.8 | 49 | -29 | 4.3 | -1.0 |
SPLG | SPDR Portfolio Large Cap ETF | 51.8 | 3 | 17 | 4.7 | -0.6 |
IVV | iShares Core S&P 500 ETF | 51.7 | 3 | 17 | 4.7 | -0.6 |
SPY | SPDR S&P 500 ETF Trust | 51.7 | 9 | 11 | 4.7 | -0.7 |
VOO | VANGUARD S&P 500 ETF | 51.6 | 3 | 17 | 4.8 | -0.5 |
SPXE | ProShares S&P 500 Ex-Energy ETF | 50.8 | 27 | -7 | 4.6 | -0.7 |
SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 50.6 | 20 | 0 | 4.8 | -0.6 |
ESGG | FlexShares STOXX Global ESG Impact Index Fund | 50.4 | 42 | -22 | 4.6 | -0.7 |
GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 48.6 | 9 | 11 | 4.8 | -0.5 |
ESGU | iShares MSCI USA ESG Optimized ETF | 48.4 | 15 | 5 | 4.4 | -0.9 |
ESGV | Vanguard ESG U.S. Stock ETF | 48.4 | 12 | 8 | 4.5 | -0.9 |
AVUS | Avantis U.S. Equity ETF | 47.5 | 15 | 5 | 4.8 | -0.5 |
XVV | iShares ESG Screened S&P 500 ETF | 47.4 | 8 | 12 | 4.9 | -0.5 |
MGC | Vanguard Mega Cap Index Fund | 45.5 | 7 | 13 | 4.6 | -0.7 |
JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 45.0 | 20 | 0 | 4.6 | -0.8 |
MMTM | SPDR S&P 1500 Momentum Tilt ETF | 45.0 | 12 | 8 | 4.0 | -1.3 |
SPXN | ProShares S&P 500 Ex-Financials ETF | 44.7 | 27 | -7 | 4.3 | -1.0 |
DYNF | BlackRock U.S. Equity Factor Rotation ETF | 44.6 | 30 | -10 | 5.3 | -0.0 |
SPXV | ProShares S&P 500 Ex-Health Care ETF | 44.2 | 27 | -7 | 4.3 | -1.0 |
BKLC | BNY Mellon US Large Cap Core Equity ETF | 44.1 | 0 | 20 | 4.4 | -0.9 |
EPS | WisdomTree U.S. Earnings 500 Fund | 44.0 | 8 | 12 | 5.9 | +0.6 |
PRF | Invesco FTSE RAFI US 1000 ETF | 43.8 | 39 | -19 | 5.7 | +0.4 |
IWL | iShares Russell Top 200 ETF | 43.7 | 15 | 5 | 4.4 | -0.9 |
QUS | SPDR MSCI USA StrategicFactors ETF | 43.3 | 15 | 5 | 5.3 | -0.1 |
CATH | Global X S&P 500 Catholic Values Custom ETF | 43.2 | 29 | -9 | 4.6 | -0.8 |
JCTR | JPMorgan Carbon Transition U.S. Equity ETF | 42.7 | 15 | 5 | 4.7 | -0.7 |
FNDX | Schwab Fundamental U.S. Large Co. Index ETF | 41.9 | 25 | -5 | 5.7 | +0.4 |
FNDB | Schwab Fundamental U.S. Broad Market Index ETF | 41.6 | 25 | -5 | 5.7 | +0.3 |
IQSU | IQ Candriam ESG US Equity ETF | 40.7 | 9 | 11 | 4.5 | -0.8 |
RWL | Invesco S&P 500 Revenue ETF | 40.5 | 39 | -19 | 6.3 | +1.0 |
VLU | SPDR S&P 1500 Value Tilt ETF | 39.9 | 12 | 8 | 6.2 | +0.9 |
IUS | Invesco Strategic US ETF | 39.5 | 19 | 1 | 5.5 | +0.2 |
DIVB | iShares U.S. Dividend & Buyback ETF | 39.4 | 25 | -5 | 5.9 | +0.6 |
SNPE | Xtrackers S&P 500 ESG ETF | 39.0 | 10 | 10 | 4.6 | -0.8 |
EFIV | SPDR S&P 500 ESG ETF | 39.0 | 10 | 10 | 4.6 | -0.8 |
DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 38.8 | 40 | -20 | 6.1 | +0.8 |
IXUS | ishares Core MSCI Total International Stock ETF | 38.6 | 9 | 11 | 6.4 | +1.1 |
ACWX | iShares MSCI ACWI ex U.S. ETF | 38.5 | 32 | -12 | 6.3 | +1.0 |
VEU | Vanguard FTSE All-World ex-US Index Fund | 38.2 | 8 | 12 | 6.7 | +1.4 |
ESG | FlexShares STOXX US ESG Impact Index Fund | 38.0 | 32 | -12 | 4.5 | -0.9 |
VXUS | Vanguard Total International Stock ETF | 37.2 | 8 | 12 | 6.6 | +1.3 |
IUSG | iShares Core S&P US Growth ETF | 37.0 | 4 | 16 | 3.6 | -1.7 |
MFUS | PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 37.0 | 30 | -10 | 5.1 | -0.3 |
SPYG | SPDR Portfolio S&P 500 Growth ETF | 36.8 | 4 | 16 | 3.6 | -1.7 |
IVW | iShares S&P 500 Growth ETF | 36.8 | 18 | 2 | 3.5 | -1.8 |
VOOG | Vanguard S&P 500 Growth ETF | 36.7 | 10 | 10 | 3.9 | -1.5 |
XOUT | GraniteShares XOUT U.S. Large Cap ETF | 36.7 | 60 | -40 | 3.6 | -1.8 |
SPXT | ProShares S&P 500 Ex-Technology ETF | 36.7 | 27 | -7 | 4.9 | -0.5 |
OEF | iShares S&P 100 ETF | 35.3 | 20 | 0 | 4.2 | -1.1 |
IWF | iShares Russell 1000 Growth ETF | 35.1 | 19 | 1 | 3.4 | -1.9 |
VONG | Vanguard Russell 1000 Growth Index Fund | 35.1 | 8 | 12 | 3.5 | -1.8 |
GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 34.4 | 9 | 11 | 5.0 | -0.3 |
PLC | Principal U.S. Large-Cap Multi-Factor Core Index ETF | 34.2 | 15 | 5 | 0.0 | -5.3 |
RESP | WisdomTree US ESG Fund of Benef Interest | 34.0 | 28 | -8 | 5.0 | -0.3 |
EUSA | iShares MSCI USA Equal Weighted ETF | 34.0 | 15 | 5 | 5.2 | -0.2 |
VOOV | Vanguard S&P 500 Value ETF | 33.5 | 10 | 10 | 6.6 | +1.3 |
IUSV | iShares Core S&P U.S. Value ETF | 33.4 | 4 | 16 | 6.5 | +1.2 |
SPYV | SPDR Portfolio S&P 500 Value ETF | 33.4 | 4 | 16 | 6.5 | +1.1 |
IVE | iShares S&P 500 Value ETF | 33.3 | 18 | 2 | 6.3 | +1.0 |
KRMA | Global X Conscious Companies ETF | 33.2 | 43 | -23 | 4.8 | -0.5 |
SIZE | iShares MSCI USA Size Factor ETF | 33.1 | 15 | 5 | 5.2 | -0.1 |
DTD | WisdomTree U.S.Total Dividend Fund | 33.0 | 28 | -8 | 6.2 | +0.9 |
AFLG | First Trust Active Factor Large Cap ETF | 33.0 | 55 | -35 | 4.7 | -0.7 |
DLN | WisdomTree U.S. LargeCap Dividend Fund | 32.9 | 28 | -8 | 6.1 | +0.8 |
RSP | Invesco S&P 500 Equal Weight ETF | 32.8 | 20 | 0 | 5.6 | +0.3 |
CWI | SPDR MSCI ACWI ex-US ETF | 32.3 | 30 | -10 | 6.2 | +0.8 |
VUG | Vanguard Growth Index Fund | 32.1 | 4 | 16 | 3.5 | -1.8 |
GINN | Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 31.9 | 50 | -30 | 3.3 | -2.0 |
HIPR | Direxion High Growth ETF | 31.9 | 40 | -20 | 3.8 | -1.5 |
QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 31.5 | 75 | -55 | 2.0 | -3.3 |
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 | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
SPDR MSCI ACWI Low Carbon Target 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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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