SPDR Russell 1000 Yield Focus ETF
ALTAR
Score™
7.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
36.9x P/Sales
ratio
1.1x
P/BV
ratio
1.9x Div.
yield
3.0%


  • 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) $488
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) $17,108
Large cap (>$10bn) 58.6%
Mid cap ($2-10bn) 41.2%
Small cap (<$2bn) 0.2%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
FORD MOTOR CO 2.3 %
HP INC. 2.0 %
MARATHON PETROLEUM 1.6 %
GENERAL MOTORS CO 1.6 %
SIMON PROPERTY GROUP INC 1.6 %
DOW, INC. 1.5 %
DELTA AIR LINES INC 1.4 %
MAXIM INTEGRATED PRODUCTS 1.4 %
JOHNSON CONTROLS INTERNATIONAL PLC 1.3 %
LYONDELLBASELL INDU-CL A 1.3 %
Total 15.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
BRITAIN 1.5 %
IRELAND 1.3 %
BERMUDA 0.5 %
SWITZERLAND 0.3 %
PUERTO RICO 0.1 %
PANAMA 0.1 %
CANADA 0.0 %
LUXEMBOURG 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.
2.0% 2.0% -- -- 11.1%

Market Correlations
versus... Beta R-squared
S&P500 1.24 85%
MSCI EAFE 1.26 87%
MSCI Emg. Mkts. 1.01 71%

Technical Indicators
Recent close $79.31
30d moving avg. $76.79
Annualized volatility 25.3%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.2%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.1%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $35,274

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 7.2%


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
(%)
JKI iShares Morningstar Mid-Cap Value ETF 45.2 30 -10 7.7 +0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 39.9 20 0 6.2 -1.1
JDIV JPMorgan U.S. Dividend ETF 39.6 12 8 6.7 -0.5
IWS iShares Russell Mid-Cap Value ETF 36.0 24 -4 5.9 -1.3
VOE Vanguard Mid-Cap Value Index Fund 32.8 7 13 6.7 -0.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 31.3 24 -4 5.5 -1.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 31.0 29 -9 6.2 -1.1
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 30.4 35 -15 7.7 +0.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 30.3 35 -15 7.7 +0.5
JVAL JPMorgan U.S. Value Factor ETF 30.1 12 8 7.1 -0.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 29.2 20 0 7.1 -0.1
RNMC Mid Cap US Equity Select ETF 28.9 60 -40 6.1 -1.1
FAB First Trust Multi Cap Value AlphaDEX Fund 28.5 71 -51 7.5 +0.3
EQAL Invesco Russell 1000 Equal Weight ETF 28.5 20 0 5.0 -2.2
DON WisdomTree U.S. MidCap Dividend Fund 27.6 38 -18 6.7 -0.6
PY Principal Shareholder Yield Index ETF 27.4 15 5 7.9 +0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 26.7 18 2 5.6 -1.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 26.1 30 -10 5.4 -1.9
VFVA Vanguard U.S. Value Factor ETF 26.1 14 6 8.5 +1.3
SCHM Schwab U.S. Mid-Cap ETF 26.1 4 16 5.0 -2.2
RPV Invesco S&P 500 Pure Value ETF 26.1 35 -15 10.0 +2.7
VBR Vanguard Small Cap Value Index Fund 26.0 7 13 6.4 -0.8
ONEO SPDR Russell 1000 Momentum Focus ETF 25.7 20 0 5.6 -1.6
RSP Invesco S&P 500 Equal Weight ETF 25.0 20 0 5.6 -1.6
IWR iShares Russell Midcap ETF 24.9 19 1 4.7 -2.5
DVY iShares Select Dividend ETF 24.8 39 -19 8.0 +0.8
SPYD SPDR S&P 500 High Dividend ETF 24.1 7 13 9.2 +1.9
ALTL Pacer Lunt Large Cap Alternator ETF 23.9 60 -40 5.7 -1.5
SPHB Invesco S&P 500 High Beta ETF 23.9 25 -5 6.1 -1.2
JHMM John Hancock Multifactor Mid Cap ETF 23.8 42 -22 4.7 -2.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 23.8 29 -9 6.0 -1.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 23.7 17 3 5.6 -1.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 23.3 65 -45 1.2 -6.0
MAGA Point Bridge GOP Stock Tracker ETF 23.1 72 -52 5.4 -1.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 23.0 4 16 4.9 -2.3
TPHD Timothy Plan High Dividend Stock ETF 23.0 52 -32 5.5 -1.7
SPVU Invesco S&P 500 Enhanced Value ETF 22.7 13 7 9.5 +2.3
FTA First Trust Large Cap Value AlphaDEX Fund 22.7 60 -40 7.3 +0.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 22.6 38 -18 7.6 +0.4
ESGS Columbia Sustainable U.S. Equity Income ETF 22.5 35 -15 7.5 +0.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 22.2 60 -40 4.7 -2.6
VLUE iShares MSCI USA Value Factor ETF 22.1 15 5 9.8 +2.5
VALQ American Century STOXX U.S. Quality Value ETF 22.1 29 -9 7.8 +0.6
RNDV US Equity Dividend Select ETF 21.9 50 -30 7.4 +0.2
AUSF Global X Adaptive U.S. Factor ETF 21.7 27 -7 8.0 +0.8
STMB iShares Factors US Mid Blend Style ETF 21.4 30 -10 4.9 -2.3
FNK First Trust Mid Cap Value AlphaDEX Fund 21.2 70 -50 7.7 +0.5
JKL iShares Morningstar Small Cap Value ETF 21.1 30 -10 7.6 +0.4
VLU SPDR S&P 1500 Value Tilt ETF 21.0 12 8 6.2 -1.1
VUSE Vident Core US Equity Fund 20.8 48 -28 7.4 +0.2
FNX First Trust Mid Cap Core AlphaDEX Fund 20.4 61 -41 5.1 -2.2
SIZE iShares MSCI USA Size Factor ETF 20.3 15 5 5.1 -2.1
SYLD Cambria Shareholder Yield ETF 20.0 59 -39 7.0 -0.2
REVS Columbia Research Enhanced Value ETF 20.0 19 1 6.7 -0.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 19.8 29 -9 7.3 +0.1
EUSA iShares MSCI USA Equal Weighted ETF 19.8 15 5 5.1 -2.1
BKSE BNY Mellon US Small Cap Core Equity ETF 19.8 4 16 4.7 -2.5
VO Vanguard Mid-Cap Index Fund 19.7 4 16 4.5 -2.7
IUS Invesco Strategic US ETF 19.7 19 1 5.5 -1.8
GBDV Global Beta Smart Income ETF 19.4 29 -9 8.3 +1.1
MDYV SPDR S&P 400 Mid Cap Value ETF 19.1 15 5 6.9 -0.3
IJJ iShares S&P Mid-Cap 400 Value ETF 19.1 18 2 6.9 -0.4
SCHD Schwab U.S. Dividend Equity ETF 19.0 6 14 7.1 -0.1
MDY SPDR S&P Midcap 400 ETF Trust 19.0 23 -3 5.1 -2.1
SPMD SPDR Portfolio Mid Cap ETF 19.0 5 15 5.3 -1.9
IJH iShares Core S&P Mid-Cap ETF 19.0 5 15 5.3 -1.9
COWZ Pacer US Cash Cows 100 ETF 18.8 49 -29 10.2 +3.0
SFYX Sofi Next 500 ETF 18.5 0 20 4.8 -2.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 18.5 20 0 6.6 -0.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 18.5 17 3 6.1 -1.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 18.4 15 5 6.7 -0.5
IVOO Vanguard S&P Mid-Cap 400 ETF 18.3 10 10 5.3 -2.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 18.2 25 -5 5.7 -1.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 18.1 40 -20 5.6 -1.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 18.1 15 5 6.0 -1.3
SPVM Invesco S&P 500 Value with Momentum ETF 18.0 39 -19 7.7 +0.5
TUSA First Trust Total US Market AlphaDEX ETF 17.8 70 -50 4.8 -2.5
RWL Invesco S&P 500 Revenue ETF 17.7 39 -19 6.3 -1.0
DHS WisdomTree U.S. High Dividend Fund 17.6 38 -18 8.3 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 17.5 25 -5 5.7 -1.6
QSY WisdomTree U.S. LargeCap Value Fund 17.5 38 -18 6.7 -0.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 17.4 7 13 3.9 -3.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 17.4 30 -10 8.1 +0.8
RNLC Large Cap US Equity Select ETF 17.3 60 -40 5.2 -2.0
VYM Vanguard High Dividend Yield Index ETF 17.3 6 14 6.7 -0.6
PRF Invesco FTSE RAFI US 1000 ETF 17.3 39 -19 5.8 -1.5
FEX First Trust Large Cap Core AlphaDEX Fund 17.3 60 -40 4.7 -2.6
SPDV AAM S&P 500 High Dividend Value ETF 17.1 29 -9 8.4 +1.2
XJH iShares ESG Screened S&P Mid-Cap ETF 17.0 12 8 5.4 -1.8
EZM WisdomTree U.S. MidCap Earnings Fund 17.0 38 -18 7.6 +0.3
SMMD iShares Russell 2500 ETF 16.8 15 5 4.7 -2.5
LRGF iShares Edge MSCI Multifactor USA ETF 16.8 20 0 6.1 -1.1
VB Vanguard Small-Cap ETF 16.6 5 15 4.4 -2.8
FUNL CornerCap Fundametrics Large-Cap ETF 16.2 50 -30 7.2 -0.0
RWK Invesco S&P MidCap 400 Revenue ETF 16.0 39 -19 6.3 -0.9
VONV Vanguard Russell 1000 Value Index Fund 16.0 8 12 6.2 -1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 15.9 9 11 5.0 -2.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 13.1 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.