SPDR MSCI World StrategicFactors ETF
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.4x P/Sales
ratio
1.7x
P/BV
ratio
2.1x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR MSCI World Quality Mix ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to provide investment results that before fees and expenses, correspond generally to the price and yield performance of the MSCI World Quality Mix Index.

FUND BASICS
Category Global Equities
Fund Sponsor SSgA Funds Management
Website www.spdrs.com
Inception date Jun 04, 2014
Assets (mns) $42
Currency USD
Expense ratio 30 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1161
Wgt avg mkt cap (mns) $212,961
Large cap (>$10bn) 92.6%
Mid cap ($2-10bn) 7.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 2.8 %
MICROSOFT CORP 2.0 %
VISA INC-CLASS A SHARES 1.5 %
JOHNSON & JOHNSON 1.4 %
NESTLE SA-REG 1.4 %
ROCHE HOLDING AG-GENUSSCHEIN 1.3 %
PROCTER & GAMBLE CO/THE 1.2 %
ALPHABET INC. CLASS C 1.1 %
MASTERCARD INC-CLASS A 1.0 %
MERCK & CO. INC. 1.0 %
Total 14.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 57.7 %
JAPAN 10.0 %
SWITZERLAND 5.4 %
BRITAIN 4.9 %
CANADA 4.1 %
FRANCE 2.7 %
GERMANY 2.3 %
AUSTRALIA 1.8 %
NETHERLANDS 1.6 %
IRELAND 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.7% 11.2% 10.6% -- 8.3%

Market Correlations
versus... Beta R-squared
S&P500 0.83 97%
MSCI EAFE 0.88 92%
MSCI Emg. Mkts. 0.62 71%

Technical Indicators
Recent close $84.59
30d moving avg. $84.80
Annualized volatility 14.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $46,922

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: QWLD Expense: 30 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QWLD
Ticker Fund
Name
Overlap1
vs QWLD
(%)
Expense
ratio
(bp)
Savings
vs QWLD
(bp)
ALTAR
Score™
(%)
ALTAR
vs QWLD
(%)
URTH iShares MSCI World ETF 62.6 24 6 6.0 -0.3
TOK iShares MSCI Kokusai ETF 60.9 25 5 5.9 -0.4
KOKU Xtrackers MSCI Kokusai Equity ETF 60.4 9 21 6.1 -0.2
QUS SPDR MSCI USA StrategicFactors ETF 59.0 15 15 6.1 -0.2
ACWI iShares MSCI ACWI ETF 58.0 32 -2 6.1 -0.2
LOWC SPDR MSCI ACWI Low Carbon Target ETF 54.6 20 10 6.3 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 53.8 20 10 6.4 +0.1
VT Vanguard Total World Stock Index Fund 52.8 8 22 6.4 +0.1
PBP Invesco S&P 500 BuyWrite ETF 50.4 49 -19 5.6 -0.7
PBUS Invesco PureBeta MSCI USA ETF 50.2 4 26 5.9 -0.4
SPY SPDR S&P 500 ETF Trust 50.2 9 21 6.0 -0.3
SPLG SPDR Portfolio Large Cap ETF 50.1 3 27 6.0 -0.3
IVV iShares Core S&P 500 ETF 50.1 3 27 6.0 -0.3
HSPX Global X S&P 500 Covered Call ETF 49.9 60 -30 5.4 -0.9
VOO VANGUARD S&P 500 ETF 49.9 3 27 6.0 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 49.8 20 10 6.0 -0.3
SCHX Schwab U.S. Large-Cap ETF 49.8 3 27 5.8 -0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 49.7 2 28 5.9 -0.4
VV Vanguard Large-Cap Index Fund 49.6 4 26 5.8 -0.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 49.4 42 -12 5.9 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 49.3 27 3 6.0 -0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 49.3 7 23 5.9 -0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 49.1 9 21 6.2 -0.1
SCHK Schwab 1000 Index ETF 49.0 5 25 5.8 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 49.0 3 27 6.1 -0.2
IWB iShares Russell 1000 ETF 48.8 15 15 5.7 -0.6
IYY iShares Dow Jones U.S. ETF 48.7 20 10 5.7 -0.6
VONE Vanguard Russell 1000 ETF 48.5 8 22 5.7 -0.6
VTHR Vanguard Russell 3000 Index Fund 48.0 10 20 5.6 -0.7
JHML John Hancock Multifactor Large Cap ETF 47.9 29 1 5.9 -0.4
SCHB Schwab U.S. Broad Market ETF 47.8 3 27 5.7 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 47.7 3 27 5.7 -0.6
IWV iShares Russell 3000 ETF 47.5 20 10 5.5 -0.8
VTI Vanguard Total Stock Market Index Fund 46.8 3 27 5.6 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 46.1 9 21 6.1 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 45.9 30 0 6.5 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 45.8 27 3 5.8 -0.5
SFY SoFi Select 500 ETF 45.8 0 30 5.6 -0.7
MGC Vanguard Mega Cap Index Fund 45.3 7 23 5.9 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 45.2 8 22 7.1 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 44.6 15 15 5.7 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 44.4 20 10 5.6 -0.7
ESGV Vanguard ESG U.S. Stock ETF 44.3 12 18 5.8 -0.5
AVUS Avantis U.S. Equity ETF 43.7 15 15 6.1 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 43.7 27 3 5.7 -0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 43.6 25 5 7.2 +0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 43.5 0 30 6.0 -0.3
ACWV iShares Edge MSCI Min Vol Global ETF 43.4 20 10 5.7 -0.6
IWL iShares Russell Top 200 ETF 43.3 15 15 5.8 -0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 42.7 25 5 7.2 +0.9
PRF Invesco FTSE RAFI US 1000 ETF 42.7 39 -9 7.1 +0.8
CATH Global X S&P 500 Catholic Values Custom ETF 42.5 29 1 5.8 -0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 42.1 25 5 6.7 +0.4
DIVB iShares U.S. Dividend & Buyback ETF 41.0 25 5 7.0 +0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 40.8 12 18 6.2 -0.1
SNPE Xtrackers S&P 500 ESG ETF 40.7 10 20 6.0 -0.3
EFIV SPDR S&P 500 ESG ETF 40.7 10 20 6.0 -0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 39.6 29 1 6.2 -0.1
DTD WisdomTree U.S.Total Dividend Fund 39.5 28 2 7.0 +0.7
IQSU IQ Candriam ESG US Equity ETF 39.5 9 21 6.1 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 38.6 12 18 5.6 -0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 38.4 28 2 6.9 +0.6
IUS Invesco Strategic US ETF 38.3 19 11 6.9 +0.6
USMV iShares Edge MSCI Min Vol USA ETF 38.3 15 15 5.5 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 37.7 27 3 5.5 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 37.2 15 15 6.2 -0.1
VLU SPDR S&P 1500 Value Tilt ETF 37.1 12 18 7.4 +1.2
RWL Invesco S&P 500 Revenue ETF 36.5 39 -9 7.2 +1.0
VOOV Vanguard S&P 500 Value ETF 36.4 10 20 7.2 +0.9
DGRO iShares Core Dividend Growth ETF 36.3 8 22 6.8 +0.6
IVE iShares S&P 500 Value ETF 36.3 18 12 7.1 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 36.2 4 26 7.2 +1.0
IUSV iShares Core S&P U.S. Value ETF 36.0 4 26 7.3 +1.0
ESG FlexShares STOXX US ESG Impact Index Fund 35.9 32 -2 5.6 -0.7
VOOG Vanguard S&P 500 Growth ETF 35.7 10 20 5.8 -0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 35.4 4 26 5.9 -0.4
IVW iShares S&P 500 Growth ETF 35.4 18 12 5.7 -0.6
OEF iShares S&P 100 ETF 35.3 20 10 5.8 -0.5
ROUS Hartford Multifactor US Equity ETF 35.3 19 11 6.4 +0.1
IUSG iShares Core S&P US Growth ETF 35.2 4 26 5.8 -0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.5 60 -30 5.4 -0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 34.5 9 21 5.9 -0.4
QEFA SPDR MSCI EAFE Quality Mix ETF 34.3 30 0 6.7 +0.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 34.2 10 20 5.2 -1.1
SUSL iShares ESG MSCI USA Leaders ETF 34.2 10 20 5.2 -1.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.1 19 11 6.6 +0.4
AFLG First Trust Active Factor Large Cap ETF 34.0 55 -25 6.3 -0.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 34.0 15 15 6.9 +0.6
SCIU Global X Scientific Beta US ETF 33.9 19 11 5.7 -0.6
IWD iShares Russell 1000 Value ETF 33.8 19 11 6.8 +0.5
SCHF Schwab International Equity ETF 33.8 6 24 7.2 +0.9
VONV Vanguard Russell 1000 Value Index Fund 33.8 8 22 6.9 +0.6
IDEV iShares Core MSCI International Developed Markets ETF 33.7 5 25 7.1 +0.8
RSP Invesco S&P 500 Equal Weight ETF 33.6 20 10 6.4 +0.2
VEA Vanguard FTSE Developed Markets ETF 33.3 5 25 7.3 +1.0
SPDW SPDR Portfolio Developed World ex-US ETF 33.3 4 26 7.0 +0.7
RNLC Large Cap US Equity Select ETF 33.0 60 -30 6.1 -0.2
EUSA iShares MSCI USA Equal Weighted ETF 32.9 15 15 6.1 -0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 32.9 18 12 6.1 -0.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 32.6 35 -5 5.7 -0.6

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 MSCI World StrategicFactors 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 12.8 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.