SPDR MSCI World StrategicFactors ETF
ALTAR
Score™
6.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.4x P/Sales
ratio
1.7x
P/BV
ratio
2.2x Div.
yield
2.5%


  • 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 05, 2014
Assets (mns) $24
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 1165
Wgt avg mkt cap (mns) $198,025
Large cap (>$10bn) 90.4%
Mid cap ($2-10bn) 9.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 2.7 %
MICROSOFT CORP 2.6 %
JOHNSON & JOHNSON 1.7 %
VISA INC-CLASS A SHARES 1.5 %
FACEBOOK 1.5 %
ROCHE HOLDING AG-GENUSSCHEIN 1.3 %
ALPHABET INC. CLASS C 1.1 %
ALPHABET INC. CLASS A 1.1 %
PROCTER & GAMBLE CO/THE 1.1 %
MASTERCARD INC-CLASS A 1.0 %
Total 15.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 59.9 %
JAPAN 10.0 %
BRITAIN 4.8 %
SWITZERLAND 4.7 %
CANADA 4.0 %
FRANCE 2.4 %
GERMANY 2.1 %
NETHERLANDS 1.5 %
AUSTRALIA 1.5 %
HONG KONG 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.8% 6.3% 7.1% -- 6.9%

Market Correlations
versus... Beta R-squared
S&P500 0.84 97%
MSCI EAFE 0.89 93%
MSCI Emg. Mkts. 0.64 74%

Technical Indicators
Recent close $79.18
30d moving avg. $75.42
Annualized volatility 14.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $280,269

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™: 6.1%


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 63.3 24 6 5.9 -0.3
TOK iShares MSCI Kokusai ETF 61.4 25 5 5.8 -0.3
QUS SPDR MSCI USA StrategicFactors ETF 59.5 15 15 5.9 -0.3
ACWI iShares MSCI ACWI ETF 59.2 32 -2 6.1 -0.0
LOWC SPDR MSCI ACWI Low Carbon Target ETF 55.2 20 10 6.5 +0.4
VT Vanguard Total World Stock Index Fund 54.8 8 22 6.3 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 54.4 20 10 6.4 +0.3
PBP Invesco S&P 500 BuyWrite ETF 52.9 49 -19 5.1 -1.0
HSPX Global X S&P 500 Covered Call ETF 52.1 65 -35 5.0 -1.2
PBUS Invesco PureBeta MSCI USA ETF 52.0 4 26 5.4 -0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 52.0 30 0 6.8 +0.6
VV Vanguard Large-Cap Index Fund 51.8 4 26 5.4 -0.7
SPLG SPDR Portfolio Large Cap ETF 51.4 3 27 5.5 -0.6
IVV iShares Core S&P 500 ETF 51.4 4 26 5.5 -0.6
SPY SPDR S&P 500 ETF Trust 51.4 9 21 5.5 -0.7
VOO VANGUARD S&P 500 ETF 51.4 3 27 5.5 -0.6
SCHX Schwab U.S. Large-Cap ETF 51.2 3 27 5.4 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 51.1 20 10 5.5 -0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 51.1 2 28 5.4 -0.7
SPXE ProShares S&P 500 Ex-Energy ETF 51.1 27 3 5.4 -0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 50.7 9 21 6.3 +0.2
IWB iShares Russell 1000 ETF 50.6 15 15 5.3 -0.8
SCHK Schwab 1000 Index ETF 50.4 5 25 5.4 -0.7
VONE Vanguard Russell 1000 ETF 50.4 8 22 5.4 -0.7
IYY iShares Dow Jones U.S. ETF 50.2 20 10 5.3 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 50.2 3 27 5.6 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 49.7 9 21 5.6 -0.5
VTI Vanguard Total Stock Market Index Fund 49.5 3 27 5.3 -0.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 49.4 42 -12 5.7 -0.5
JHML John Hancock Multifactor Large Cap ETF 49.3 34 -4 5.6 -0.5
SCHB Schwab U.S. Broad Market ETF 49.3 3 27 5.4 -0.8
IWV iShares Russell 3000 ETF 49.2 20 10 5.2 -1.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 49.2 3 27 5.3 -0.8
VTHR Vanguard Russell 3000 Index Fund 49.1 10 20 5.3 -0.9
SPXN ProShares S&P 500 Ex-Financials ETF 47.8 27 3 5.1 -1.0
SFY SoFi Select 500 ETF 47.3 0 30 5.4 -0.7
MGC Vanguard Mega Cap Index Fund 47.2 7 23 5.3 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 46.3 8 22 6.5 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 45.5 20 10 5.1 -1.0
ACWV iShares Edge MSCI Min Vol Global ETF 45.5 20 10 5.9 -0.3
AVUS Avantis U.S. Equity ETF 45.4 15 15 5.8 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 45.3 27 3 5.2 -0.9
ESGV Vanguard ESG U.S. Stock ETF 44.8 12 18 5.3 -0.8
IWL iShares Russell Top 200 ETF 44.5 15 15 5.2 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 44.4 12 18 5.1 -1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 44.1 25 5 6.6 +0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 43.9 25 5 6.2 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 43.8 29 1 5.3 -0.8
ESGU iShares MSCI USA ESG Optimized ETF 43.3 15 15 5.2 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 42.9 25 5 6.6 +0.5
PRF Invesco FTSE RAFI US 1000 ETF 42.1 39 -9 6.8 +0.7
SNPE Xtrackers S&P 500 ESG ETF 42.0 11 19 5.2 -0.9
IUS Invesco Strategic US ETF 41.6 19 11 6.2 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 41.4 25 5 6.5 +0.4
IQSU IQ Candriam ESG US Equity ETF 41.2 9 21 5.3 -0.8
DTD WisdomTree U.S.Total Dividend Fund 40.5 28 2 6.6 +0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 40.2 29 1 6.2 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 39.8 12 18 5.3 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 39.6 28 2 6.4 +0.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 39.0 29 1 4.3 -1.8
SPXT ProShares S&P 500 Ex-Technology ETF 38.6 27 3 5.7 -0.4
VOOG Vanguard S&P 500 Growth ETF 38.1 10 20 4.4 -1.7
USMV iShares Edge MSCI Min Vol USA ETF 38.0 15 15 5.7 -0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 38.0 4 26 4.5 -1.6
IVW iShares S&P 500 Growth ETF 38.0 18 12 4.3 -1.8
IUSG iShares Core S&P US Growth ETF 37.9 4 26 4.5 -1.6
IWF iShares Russell 1000 Growth ETF 37.4 19 11 4.3 -1.8
VONG Vanguard Russell 1000 Growth Index Fund 37.4 8 22 4.4 -1.7
DGRO iShares Core Dividend Growth ETF 37.1 8 22 6.5 +0.4
OEF iShares S&P 100 ETF 37.0 20 10 5.0 -1.2
RWL Invesco S&P 500 Revenue ETF 36.9 39 -9 6.8 +0.7
EXT WisdomTree U.S. Total Earnings Fund 36.8 28 2 5.8 -0.3
RECS Columbia Research Enhanced Core ETF 36.6 15 15 5.7 -0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.0 15 15 6.4 +0.2
VLU SPDR S&P 1500 Value Tilt ETF 36.0 12 18 7.4 +1.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 35.9 60 -30 4.5 -1.6
ROUS Hartford Multifactor US Equity ETF 35.8 19 11 7.2 +1.1
AFLG First Trust Active Factor Large Cap ETF 35.7 55 -25 5.6 -0.5
SPYV SPDR Portfolio S&P 500 Value ETF 35.6 4 26 7.3 +1.2
IVE iShares S&P 500 Value ETF 35.6 18 12 7.2 +1.1
VOOV Vanguard S&P 500 Value ETF 35.6 15 15 7.2 +1.1
IUSV iShares Core S&P U.S. Value ETF 35.3 4 26 7.4 +1.3
ESG FlexShares STOXX US ESG Impact Index Fund 34.9 32 -2 5.2 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.5 19 11 5.7 -0.4
SUSL iShares ESG MSCI USA Leaders ETF 34.4 10 20 5.4 -0.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 34.4 10 20 5.5 -0.7
FLQL Franklin LibertyQ U.S. Equity ETF 34.3 15 15 6.3 +0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 34.2 19 11 6.3 +0.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 34.0 9 21 5.9 -0.2
DSI iShares MSCI KLD 400 Social ETF 33.9 25 5 5.3 -0.8
FDLO Fidelity Low Volatility Factor ETF 33.8 29 1 5.2 -0.9
EUSA iShares MSCI USA Equal Weighted ETF 33.5 15 15 6.1 -0.0
RNLC Large Cap US Equity Select ETF 33.5 60 -30 6.2 +0.1
NACP Impact Shares NAACP Minority Empowerment ETF 33.1 75 -45 4.6 -1.5
SIZE iShares Edge MSCI USA Size Factor ETF 33.0 15 15 6.0 -0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 32.8 49 -19 4.2 -1.9
RSP Invesco S&P 500 Equal Weight ETF 32.4 20 10 6.9 +0.7
KRMA Global X Conscious Companies ETF 32.4 43 -13 5.3 -0.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 32.1 35 -5 5.8 -0.3
FQAL Fidelity Quality Factor ETF 32.0 29 1 5.5 -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 13.3 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 6.1 %
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.