SPDR Russell 1000 Momentum Focus ETF
ALTAR
Score™
5.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
24.1x P/Sales
ratio
1.6x
P/BV
ratio
3.3x Div.
yield
1.4%


  • 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) $257
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 929
Wgt avg mkt cap (mns) $36,677
Large cap (>$10bn) 73.0%
Mid cap ($2-10bn) 25.5%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.1%

TOP TEN HOLDINGS
MCKESSON CORP 0.8 %
CUMMINS INC 0.6 %
PROGRESSIVE CORP 0.6 %
IAC/INTERACTIVECORP. 0.5 %
EBAY INC 0.5 %
DAVITA INC 0.5 %
UNITED RENTALS INC 0.5 %
HP INC. 0.5 %
BIO-RAD LABORATORIES-CL A 0.5 %
DR HORTON INC 0.5 %
Total 5.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
IRELAND 1.7 %
BRITAIN 1.3 %
BERMUDA 0.7 %
SWITZERLAND 0.3 %
LUXEMBOURG 0.2 %
CHINA 0.2 %
CAYMAN ISLANDS 0.1 %
NETHERLANDS 0.1 %
PANAMA 0.0 %

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.
10.7% 10.7% -- -- 10.8%

Market Correlations
versus... Beta R-squared
S&P500 1.14 94%
MSCI EAFE 1.08 83%
MSCI Emg. Mkts. 0.90 74%

Technical Indicators
Recent close $87.84
30d moving avg. $86.08
Annualized volatility 22.1%
Short interest (ETF) 0.8%
Short interest (Underlying) 4.4%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.1%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $296,037

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.6%


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 82.7 17 3 5.7 +0.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 75.2 29 -9 7.3 +1.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 60.7 29 -9 6.0 +0.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 59.6 35 -15 5.1 -0.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 59.4 35 -15 5.1 -0.6
IWR iShares Russell Midcap ETF 59.4 19 1 4.8 -0.9
SIZE iShares MSCI USA Size Factor ETF 58.6 15 5 5.2 -0.5
EUSA iShares MSCI USA Equal Weighted ETF 58.3 15 5 5.2 -0.5
JHMM John Hancock Multifactor Mid Cap ETF 57.3 42 -22 4.7 -0.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 55.1 20 0 6.2 +0.6
RSP Invesco S&P 500 Equal Weight ETF 54.6 20 0 5.6 0.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 54.0 9 11 5.0 -0.6
EQAL Invesco Russell 1000 Equal Weight ETF 52.9 20 0 5.1 -0.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 51.0 4 16 4.9 -0.7
JHML John Hancock Multifactor Large Cap ETF 50.0 29 -9 4.9 -0.8
IWS iShares Russell Mid-Cap Value ETF 49.4 24 -4 6.0 +0.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 47.2 24 -4 5.5 -0.2
TPLC Timothy Plan US Large Cap Core ETF 46.7 52 -32 4.5 -1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 45.9 30 -10 5.3 -0.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 45.5 35 -15 5.1 -0.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 45.1 29 -9 6.2 +0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 44.9 18 2 5.6 -0.0
FEX First Trust Large Cap Core AlphaDEX Fund 44.1 60 -40 4.7 -0.9
TUSA First Trust Total US Market AlphaDEX ETF 43.1 70 -50 4.8 -0.8
ESGV Vanguard ESG U.S. Stock ETF 42.6 12 8 4.5 -1.2
AVUS Avantis U.S. Equity ETF 42.2 15 5 4.8 -0.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 41.7 17 3 6.1 +0.5
VONV Vanguard Russell 1000 Value Index Fund 41.4 8 12 6.2 +0.6
IWD iShares Russell 1000 Value ETF 40.2 19 1 6.1 +0.4
RNLC Large Cap US Equity Select ETF 40.1 60 -40 5.2 -0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 39.7 9 11 4.8 -0.9
ROUS Hartford Multifactor US Equity ETF 39.7 19 1 5.8 +0.2
VO Vanguard Mid-Cap Index Fund 39.6 4 16 4.6 -1.0
DFAU Dimensional US Core Equity Market ETF 39.3 12 8 4.7 -1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 38.6 30 -10 5.1 -0.6
IWB iShares Russell 1000 ETF 38.3 15 5 4.5 -1.2
VTHR Vanguard Russell 3000 Index Fund 37.5 10 10 4.4 -1.3
IYY iShares Dow Jones U.S. ETF 37.4 20 0 4.4 -1.2
SCHK Schwab 1000 Index ETF 37.2 5 15 4.6 -1.1
IWV iShares Russell 3000 ETF 36.6 20 0 4.3 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 36.5 39 -19 5.7 +0.1
SCHM Schwab U.S. Mid-Cap ETF 36.4 4 16 5.0 -0.6
SCHV Schwab U.S. Large-Cap Value ETF 36.3 4 16 6.1 +0.5
SCHB Schwab U.S. Broad Market ETF 36.2 3 17 4.5 -1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 36.1 3 17 4.4 -1.2
SCHX Schwab U.S. Large-Cap ETF 36.1 3 17 4.6 -1.1
VONE Vanguard Russell 1000 ETF 36.1 8 12 4.6 -1.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 35.9 60 -40 4.7 -0.9
STMB iShares Factors US Mid Blend Style ETF 35.9 30 -10 5.0 -0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 35.9 25 -5 4.9 -0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 35.7 25 -5 5.7 +0.0
VTI Vanguard Total Stock Market Index Fund 35.5 3 17 4.4 -1.2
JVAL JPMorgan U.S. Value Factor ETF 35.5 12 8 7.1 +1.5
IUS Invesco Strategic US ETF 35.1 19 1 5.5 -0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 34.9 25 -5 5.7 +0.1
IUSV iShares Core S&P U.S. Value ETF 34.8 4 16 6.5 +0.8
AFLG First Trust Active Factor Large Cap ETF 34.8 55 -35 4.7 -1.0
VLU SPDR S&P 1500 Value Tilt ETF 34.8 12 8 6.2 +0.6
FAB First Trust Multi Cap Value AlphaDEX Fund 34.6 71 -51 7.6 +2.0
VOOV Vanguard S&P 500 Value ETF 34.4 10 10 6.6 +1.0
SPTM SPDR Portfolio Total Stock Market ETF 34.3 3 17 4.8 -0.9
PBUS Invesco PureBeta MSCI USA ETF 34.2 4 16 4.6 -1.1
RESP WisdomTree US ESG Fund of Benef Interest 33.9 28 -8 5.0 -0.6
BFOR Barron's 400 ETF 33.8 65 -45 5.6 -0.1
CATH Global X S&P 500 Catholic Values Custom ETF 33.5 29 -9 4.6 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 33.3 8 12 5.9 +0.3
QUS SPDR MSCI USA StrategicFactors ETF 33.2 15 5 5.3 -0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 33.0 2 18 4.6 -1.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 32.9 20 0 6.6 +1.0
RWL Invesco S&P 500 Revenue ETF 32.5 39 -19 6.3 +0.6
PBP Invesco S&P 500 BuyWrite ETF 32.5 49 -29 4.3 -1.3
XYLG Global X S&P 500 Covered Call & Growth ETF 32.2 60 -40 4.4 -1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 32.1 19 1 5.3 -0.3
SPLG SPDR Portfolio Large Cap ETF 32.0 3 17 4.7 -0.9
VFMF Vanguard U.S. Multifactor ETF 32.0 19 1 6.1 +0.5
VV Vanguard Large-Cap Index Fund 32.0 4 16 4.6 -1.1
JQUA JPMorgan U.S. Quality Factor ETF 32.0 12 8 5.1 -0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 31.9 20 0 4.8 -0.9
SPYV SPDR Portfolio S&P 500 Value ETF 31.9 4 16 6.5 +0.8
IVE iShares S&P 500 Value ETF 31.9 18 2 6.3 +0.7
SPY SPDR S&P 500 ETF Trust 31.9 9 11 4.7 -1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 31.8 7 13 4.5 -1.1
IVV iShares Core S&P 500 ETF 31.8 3 17 4.7 -0.9
LRGF iShares Edge MSCI Multifactor USA ETF 31.6 20 0 6.1 +0.5
VOO VANGUARD S&P 500 ETF 31.3 3 17 4.8 -0.8
VFQY Vanguard U.S. Quality Factor ETF 31.3 13 7 5.3 -0.4
FLQL Franklin LibertyQ U.S. Equity ETF 31.1 15 5 5.9 +0.3
XVV iShares ESG Screened S&P 500 ETF 30.8 8 12 4.9 -0.8
SPXE ProShares S&P 500 Ex-Energy ETF 30.7 27 -7 4.6 -1.0
SPXT ProShares S&P 500 Ex-Technology ETF 30.7 27 -7 4.9 -0.8
RBUS Nationwide Risk-Based U.S. Equity ETF 30.5 30 -10 4.6 -1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 30.4 12 8 4.0 -1.7
USXF iShares ESG Advanced MSCI USA ETF 30.3 10 10 4.6 -1.1
IWP iShares Russell Mid-Cap Growth ETF 30.1 24 -4 2.7 -3.0
SFY SoFi Select 500 ETF 29.9 0 20 4.6 -1.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 29.9 30 -10 5.4 -0.3
USMF WisdomTree U.S. Multifactor Fund 29.9 28 -8 5.4 -0.3

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 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 16.9 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 5.6 %
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.