SPDR Russell 1000 Yield Focus ETF
ALTAR
Score™
8.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
34.5x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR Russell 1000 Yield 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 yield) 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) $386
Currency USD
Expense ratio 20 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 284
Wgt avg mkt cap (mns) $14,235
Large cap (>$10bn) 54.6%
Mid cap ($2-10bn) 44.5%
Small cap (<$2bn) 0.9%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
FORD MOTOR CO 1.9 %
HP INC. 1.9 %
DOW, INC. 1.6 %
DELTA AIR LINES INC 1.4 %
JOHNSON CONTROLS INTERNATIONAL PLC 1.4 %
LYONDELLBASELL INDU-CL A 1.4 %
CUMMINS INC 1.4 %
SIMON PROPERTY GROUP INC 1.3 %
MAXIM INTEGRATED PRODUCTS 1.3 %
GENERAL MOTORS CO 1.3 %
Total 14.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
BRITAIN 1.6 %
IRELAND 1.4 %
BERMUDA 0.6 %
SWITZERLAND 0.3 %
PUERTO RICO 0.1 %
PANAMA 0.1 %




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.
-18.4% -11.2% -- -- 6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.19 85%
MSCI EAFE 1.32 85%
MSCI Emg. Mkts. 0.95 70%

Technical Indicators
Recent close $63.69
30d moving avg. $62.46
Annualized volatility 22.9%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.2%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.1%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $24,674

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the SPDR Russell 1000 Yield Focus ETF ETF based on the alternatives' overlap in portfolio holdings with ONEY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ONEY Expense: 20 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ONEY
Ticker Fund
Name
Overlap1
vs ONEY
(%)
Expense
ratio
(bp)
Savings
vs ONEY
(bp)
ALTAR
Score™
(%)
ALTAR
vs ONEY
(%)
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 53.7 29 -9 9.2 +0.4
JKI iShares Morningstar Mid-Cap Value ETF 43.7 30 -10 8.7 -0.1
JDIV JPMorgan U.S. Dividend ETF 40.5 12 8 7.7 -1.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 39.5 20 0 6.7 -2.0
DON WisdomTree U.S. MidCap Dividend Fund 37.2 38 -18 7.4 -1.3
IWS iShares Russell Mid-Cap Value ETF 34.6 24 -4 6.8 -2.0
VOE Vanguard Mid-Cap Value Index Fund 32.9 7 13 7.5 -1.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 30.8 35 -15 8.7 -0.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 30.7 29 -9 7.4 -1.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 30.7 24 -4 6.0 -2.8
FAB First Trust Multi Cap Value AlphaDEX Fund 30.4 71 -51 9.4 +0.6
RNDV US Equity Dividend Select ETF 30.3 50 -30 7.8 -1.0
JVAL JPMorgan U.S. Value Factor ETF 30.2 12 8 8.2 -0.6
TPHD Timothy Plan High Dividend Stock ETF 29.2 52 -32 7.3 -1.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 28.6 35 -15 8.8 -0.0
EQAL Invesco Russell 1000 Equal Weight ETF 27.9 20 0 5.8 -3.0
PY Principal Shareholder Yield Index ETF 27.3 15 5 9.1 +0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 26.4 29 -9 6.7 -2.1
FTA First Trust Large Cap Value AlphaDEX Fund 26.0 60 -40 9.0 +0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 25.9 18 2 6.0 -2.8
DVY iShares Select Dividend ETF 25.7 39 -19 9.3 +0.5
RNMC Mid Cap US Equity Select ETF 25.7 60 -40 7.4 -1.4
SCHM Schwab U.S. Mid-Cap ETF 25.5 4 16 5.9 -2.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 25.4 20 0 9.0 +0.2
SPVU Invesco S&P 500 Enhanced Value ETF 25.3 13 7 11.6 +2.8
VLUE iShares Edge MSCI USA Value Factor ETF 25.2 15 5 11.2 +2.4
ESGS Columbia Sustainable U.S. Equity Income ETF 25.2 35 -15 8.6 -0.2
ONEO SPDR Russell 1000 Momentum Focus ETF 25.1 20 0 6.2 -2.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 24.8 38 -18 7.9 -0.9
RSP Invesco S&P 500 Equal Weight ETF 24.6 20 0 6.4 -2.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 24.5 30 -10 5.5 -3.3
RPV Invesco S&P 500 Pure Value ETF 24.4 35 -15 10.6 +1.8
VBR Vanguard Small Cap Value Index Fund 24.4 7 13 7.9 -0.9
SPYD SPDR S&P 500 High Dividend ETF 24.2 7 13 11.0 +2.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 23.9 17 3 6.2 -2.6
IWR iShares Russell Midcap ETF 23.8 19 1 5.4 -3.4
EZM WisdomTree U.S. MidCap Earnings Fund 23.4 38 -18 8.6 -0.2
JHMM John Hancock Multifactor Mid Cap ETF 23.3 42 -22 5.4 -3.4
FNK First Trust Mid Cap Value AlphaDEX Fund 23.1 70 -50 10.6 +1.8
MAGA Point Bridge GOP Stock Tracker ETF 22.9 72 -52 6.3 -2.5
GBDV Global Beta Smart Income ETF 22.6 29 -9 10.1 +1.4
AUSF Global X Adaptive U.S. Factor ETF 22.1 27 -7 9.2 +0.4
VFVA Vanguard U.S. Value Factor ETF 21.9 14 6 10.8 +2.0
VALQ American Century STOXX U.S. Quality Value ETF 21.5 29 -9 8.8 -0.0
VUSE Vident Core US Equity Fund 21.3 48 -28 8.7 -0.1
QSY WisdomTree U.S. LargeCap Value Fund 21.3 38 -18 6.5 -2.3
USDY Pacific Global US Equity Income ETF 21.1 29 -9 7.1 -1.7
SIZE iShares Edge MSCI USA Size Factor ETF 21.0 15 5 5.9 -2.9
REVS Columbia Research Enhanced Value ETF 21.0 19 1 7.6 -1.1
DHS WisdomTree U.S. High Dividend Fund 20.9 38 -18 8.8 -0.0
EUSA iShares MSCI USA Equal Weighted ETF 20.6 15 5 6.0 -2.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 20.5 4 16 5.2 -3.6
RNLC Large Cap US Equity Select ETF 20.4 60 -40 6.0 -2.8
FNX First Trust Mid Cap Core AlphaDEX Fund 20.3 61 -41 6.3 -2.5
SPHB Invesco S&P 500 High Beta ETF 19.9 25 -5 8.6 -0.2
STMB iShares Factors US Mid Blend Style ETF 19.9 30 -10 5.5 -3.2
SYLD Cambria Shareholder Yield ETF 19.7 59 -39 8.6 -0.2
COWZ Pacer US Cash Cows 100 ETF 19.6 49 -29 11.5 +2.7
SCHD Schwab U.S. Dividend Equity ETF 19.3 6 14 7.8 -0.9
VO Vanguard Mid-Cap Index Fund 19.3 4 16 5.1 -3.7
VLU SPDR S&P 1500 Value Tilt ETF 19.2 12 8 7.2 -1.6
LRGF iShares Edge MSCI Multifactor USA ETF 18.9 20 0 7.0 -1.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 18.4 17 3 6.6 -2.1
MDY SPDR S&P Midcap 400 ETF Trust 18.4 23 -3 6.2 -2.5
SPMD SPDR Portfolio Mid Cap ETF 18.4 5 15 6.4 -2.4
IJH iShares Core S&P Mid-Cap ETF 18.4 5 15 6.4 -2.3
JKL iShares Morningstar Small Cap Value ETF 18.4 30 -10 9.8 +1.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 18.3 30 -10 9.2 +0.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 18.1 9 11 5.8 -3.0
SDOG ALPS Sector Dividend Dogs ETF 18.0 40 -20 9.6 +0.9
IVOO Vanguard S&P Mid-Cap 400 ETF 18.0 10 10 6.2 -2.6
BKSE BNY Mellon US Small Cap Core Equity ETF 17.8 4 16 5.6 -3.2
SFYX Sofi Next 500 ETF 17.8 0 20 5.7 -3.1
RWL Invesco S&P 500 Revenue ETF 17.8 39 -19 7.1 -1.7
TUSA First Trust Total US Market AlphaDEX ETF 17.8 70 -50 5.6 -3.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 17.7 39 -19 10.5 +1.8
SPDV AAM S&P 500 High Dividend Value ETF 17.4 29 -9 9.8 +1.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 17.4 40 -20 7.1 -1.6
MDYV SPDR S&P 400 Mid Cap Value ETF 17.4 15 5 8.3 -0.5
IJJ iShares S&P Mid-Cap 400 Value ETF 17.4 25 -5 8.1 -0.7
IUS Invesco Strategic US ETF 17.3 19 1 6.3 -2.5
TPLC Timothy Plan US Large Cap Core ETF 17.3 52 -32 5.2 -3.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 17.1 20 0 7.4 -1.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 17.1 15 5 6.6 -2.2
FEX First Trust Large Cap Core AlphaDEX Fund 17.0 60 -40 5.7 -3.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 16.9 15 5 8.2 -0.6
SMMD iShares Russell 2500 ETF 16.8 15 5 5.6 -3.2
QDIV Global X S&P 500 Quality Dividend ETF 16.6 20 0 7.5 -1.3
AFMC First Trust Active Factor Mid Cap ETF 16.1 65 -45 6.2 -2.6
FDL First Trust Morningstar Dividend Leaders Index Fund 16.0 45 -25 10.3 +1.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 16.0 25 -5 6.6 -2.2
RWK Invesco S&P MidCap 400 Revenue ETF 16.0 39 -19 7.9 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 15.9 39 -19 6.7 -2.1
VB Vanguard Small-Cap ETF 15.8 5 15 5.2 -3.6
EQRR ProShares Equities for Rising Rates ETF 15.6 35 -15 7.1 -1.7
VYM Vanguard High Dividend Yield Index ETF 15.6 6 14 7.4 -1.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 15.6 35 -15 5.3 -3.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 15.5 25 -5 6.6 -2.2
SPVM Invesco S&P 500 Value with Momentum ETF 15.5 39 -19 8.6 -0.2

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 Yield Focus ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.