SPDR Russell 1000 Momentum Focus ETF
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.5x P/Sales
ratio
1.3x
P/BV
ratio
2.9x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR Russell 1000 Momentum Focus ETF tracks an index of large-cap stocks from the Russell 1000 Index, selected and weighted by four factors (value, quality, small size and momentum) that are scaled by market cap.

FUND BASICS
Category US Equities
Fund Sponsor State Street Global Advisors
Website www.spdrs.com
Inception date Dec 01, 2015
Assets (mns) $223
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian State Street Bank & Trust
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 928
Wgt avg mkt cap (mns) $35,323
Large cap (>$10bn) 70.1%
Mid cap ($2-10bn) 28.9%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MCKESSON CORP 0.7 %
MICRON TECHNOLOGY INC 0.7 %
BEST BUY CO INC 0.7 %
CARRIER GLOBAL CORP. 0.7 %
TARGET CORP 0.7 %
CARDINAL HEALTH INC 0.7 %
HUMANA INC 0.7 %
NORTONLIFELOCK INC 0.6 %
BIOGEN IDEC INC 0.6 %
CIGNA CORP 0.5 %
Total 6.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.4 %
IRELAND 1.9 %
BRITAIN 1.0 %
BERMUDA 0.7 %
SWITZERLAND 0.3 %
CHINA 0.2 %
LUXEMBOURG 0.2 %
CAYMAN ISLANDS 0.1 %
NETHERLANDS 0.1 %
PUERTO RICO 0.0 %

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.
-5.3% 1.0% -- -- 7.8%

Market Correlations
versus... Beta R-squared
S&P500 1.15 94%
MSCI EAFE 1.21 85%
MSCI Emg. Mkts. 0.88 71%

Technical Indicators
Recent close $75.61
30d moving avg. $74.72
Annualized volatility 21.1%
Short interest (ETF) 0.9%
Short interest (Underlying) 4.4%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 72
Turnover 2.4%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $288,976

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the SPDR Russell 1000 Momentum Focus ETF ETF based on the alternatives' overlap in portfolio holdings with ONEO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ONEO Expense: 20 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ONEO
Ticker Fund
Name
Overlap1
vs ONEO
(%)
Expense
ratio
(bp)
Savings
vs ONEO
(bp)
ALTAR
Score™
(%)
ALTAR
vs ONEO
(%)
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 83.8 17 3 6.3 -0.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 60.5 29 -9 6.7 +0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 59.2 35 -15 5.6 -0.7
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 59.2 35 -15 5.6 -0.7
SIZE iShares MSCI USA Size Factor ETF 58.1 15 5 6.0 -0.3
EUSA iShares MSCI USA Equal Weighted ETF 57.9 15 5 6.0 -0.3
IWR iShares Russell Midcap ETF 57.3 19 1 5.4 -0.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 56.9 20 0 6.8 +0.5
JHMM John Hancock Multifactor Mid Cap ETF 55.3 42 -22 5.4 -0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 54.8 9 11 5.9 -0.4
RSP Invesco S&P 500 Equal Weight ETF 54.2 20 0 6.4 +0.2
EQAL Invesco Russell 1000 Equal Weight ETF 53.6 20 0 5.8 -0.5
JHML John Hancock Multifactor Large Cap ETF 50.6 29 -9 5.4 -0.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 48.8 4 16 5.2 -1.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 47.8 24 -4 6.0 -0.3
SCIU Global X Scientific Beta US ETF 47.8 19 1 0.0 -6.3
IWS iShares Russell Mid-Cap Value ETF 47.3 24 -4 6.8 +0.6
TPLC Timothy Plan US Large Cap Core ETF 46.3 52 -32 5.2 -1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 45.9 18 2 6.1 -0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 45.1 30 -10 6.5 +0.3
FEX First Trust Large Cap Core AlphaDEX Fund 44.6 60 -40 5.8 -0.5
AVUS Avantis U.S. Equity ETF 43.1 15 5 5.5 -0.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 42.8 29 -9 7.4 +1.1
ROUS Hartford Multifactor US Equity ETF 42.4 19 1 6.4 +0.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 42.3 17 3 6.7 +0.4
TUSA First Trust Total US Market AlphaDEX ETF 41.9 70 -50 5.6 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 41.6 9 11 5.4 -0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 41.3 35 -15 5.3 -0.9
RNLC Large Cap US Equity Select ETF 41.2 60 -40 6.0 -0.2
VONV Vanguard Russell 1000 Value Index Fund 40.3 8 12 6.9 +0.6
IWD iShares Russell 1000 Value ETF 40.1 19 1 6.8 +0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 39.8 29 -9 5.9 -0.4
IWB iShares Russell 1000 ETF 39.1 15 5 4.9 -1.4
VONE Vanguard Russell 1000 ETF 38.5 8 12 5.0 -1.3
IYY iShares Dow Jones U.S. ETF 38.3 20 0 4.9 -1.4
VO Vanguard Mid-Cap Index Fund 38.1 4 16 5.1 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 38.0 39 -19 6.7 +0.4
SCHK Schwab 1000 Index ETF 38.0 5 15 5.1 -1.2
VTHR Vanguard Russell 3000 Index Fund 37.9 10 10 4.9 -1.4
IWV iShares Russell 3000 ETF 37.6 20 0 4.8 -1.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 37.2 25 -5 6.7 +0.4
SCHB Schwab U.S. Broad Market ETF 37.2 3 17 5.0 -1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 37.2 3 17 4.9 -1.4
SCHX Schwab U.S. Large-Cap ETF 37.2 3 17 5.0 -1.3
ESGV Vanguard ESG U.S. Stock ETF 36.9 12 8 4.9 -1.3
SCHV Schwab U.S. Large-Cap Value ETF 36.8 4 16 6.8 +0.5
IUS Invesco Strategic US ETF 36.8 19 1 6.4 +0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 36.5 75 -55 3.8 -2.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 36.4 25 -5 6.2 -0.1
VTI Vanguard Total Stock Market Index Fund 36.3 3 17 4.9 -1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 36.3 25 -5 6.6 +0.3
VLU SPDR S&P 1500 Value Tilt ETF 36.2 12 8 7.3 +1.0
SPTM SPDR Portfolio Total Stock Market ETF 35.4 3 17 5.4 -0.9
PBUS Invesco PureBeta MSCI USA ETF 35.3 4 16 5.1 -1.2
BFOR Barron's 400 ETF 35.2 65 -45 6.4 +0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 35.2 19 1 6.0 -0.3
QUS SPDR MSCI USA StrategicFactors ETF 35.1 15 5 5.8 -0.5
AFLG First Trust Active Factor Large Cap ETF 35.1 55 -35 5.3 -1.0
RWL Invesco S&P 500 Revenue ETF 34.9 39 -19 7.1 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 34.7 29 -9 5.0 -1.3
SCHM Schwab U.S. Mid-Cap ETF 34.2 4 16 5.9 -0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 34.1 2 18 5.1 -1.2
STMB iShares Factors US Mid Blend Style ETF 34.0 30 -10 5.6 -0.7
EXT WisdomTree U.S. Total Earnings Fund 34.0 28 -8 5.4 -0.8
JVAL JPMorgan U.S. Value Factor ETF 33.9 12 8 8.3 +2.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 33.8 20 0 7.5 +1.2
HSPX Global X S&P 500 Covered Call ETF 33.7 60 -40 4.8 -1.5
FAB First Trust Multi Cap Value AlphaDEX Fund 33.7 71 -51 9.4 +3.1
IUSV iShares Core S&P U.S. Value ETF 33.6 4 16 7.4 +1.1
EPS WisdomTree U.S. Earnings 500 Fund 33.5 8 12 6.3 +0.1
PBP Invesco S&P 500 BuyWrite ETF 33.3 49 -29 4.8 -1.5
JMOM JPMorgan U.S. Momentum Factor ETF 33.2 12 8 3.3 -3.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 33.2 7 13 5.1 -1.2
RBUS Nationwide Risk-Based U.S. Equity ETF 33.2 30 -10 4.6 -1.7
VV Vanguard Large-Cap Index Fund 33.1 4 16 5.1 -1.2
XYLG Global X S&P 500 Covered Call & Growth ETF 33.1 60 -40 4.9 -1.4
SPLG SPDR Portfolio Large Cap ETF 32.9 3 17 5.2 -1.0
IVV iShares Core S&P 500 ETF 32.9 3 17 5.2 -1.0
SPY SPDR S&P 500 ETF Trust 32.9 9 11 5.2 -1.1
SPXT ProShares S&P 500 Ex-Technology ETF 32.6 27 -7 5.5 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 32.6 20 0 5.2 -1.1
VOO VANGUARD S&P 500 ETF 32.6 3 17 5.3 -1.0
JQUA JPMorgan U.S. Quality Factor ETF 32.3 12 8 5.3 -1.0
VFMF Vanguard U.S. Multifactor ETF 32.1 19 1 7.2 +1.0
SPXE ProShares S&P 500 Ex-Energy ETF 31.9 27 -7 5.1 -1.2
VOOV Vanguard S&P 500 Value ETF 31.6 10 10 7.2 +1.0
FLQL Franklin LibertyQ U.S. Equity ETF 31.1 15 5 6.1 -0.2
SFY SoFi Select 500 ETF 31.1 0 20 5.0 -1.3
SPYV SPDR Portfolio S&P 500 Value ETF 30.9 4 16 7.3 +1.0
IVE iShares S&P 500 Value ETF 30.9 18 2 7.1 +0.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 30.8 15 5 6.7 +0.4
VFQY Vanguard U.S. Quality Factor ETF 30.3 13 7 6.3 +0.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 30.1 34 -14 4.6 -1.7
SPXN ProShares S&P 500 Ex-Financials ETF 30.0 27 -7 4.8 -1.5
IWP iShares Russell Mid-Cap Growth ETF 29.9 24 -4 2.9 -3.4
ESGU iShares MSCI USA ESG Optimized ETF 29.8 15 5 4.9 -1.4
USMF WisdomTree U.S. Multifactor Fund 29.5 28 -8 5.8 -0.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 29.5 66 -46 2.3 -4.0
SPXV ProShares S&P 500 Ex-Health Care ETF 29.4 27 -7 4.9 -1.4
USXF iShares ESG Advanced MSCI USA ETF 29.3 10 10 4.8 -1.4

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 Momentum Focus 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 17.0 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.3 %
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.