SPDR MSCI World StrategicFactors ETF
ALTAR
Score™
5.6% info Recommen-
dation
OVERWEIGHT
2021E    2022E
P/E
ratio
18.1x P/Sales
ratio
1.7x
P/BV
ratio
2.3x 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) $47
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 1196
Wgt avg mkt cap (mns) $235,572
Large cap (>$10bn) 94.4%
Mid cap ($2-10bn) 5.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 2.2 %
APPLE INC 2.1 %
JOHNSON & JOHNSON 1.4 %
ALPHABET INC. CLASS C 1.4 %
VISA INC-CLASS A SHARES 1.3 %
FACEBOOK 1.3 %
NESTLE SA-REG 1.2 %
ROCHE HOLDING AG-GENUSSCHEIN 1.2 %
PROCTER & GAMBLE CO/THE 0.9 %
ALPHABET INC. CLASS A 0.9 %
Total 13.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 58.5 %
JAPAN 10.1 %
SWITZERLAND 5.3 %
BRITAIN 5.1 %
CANADA 3.7 %
GERMANY 2.4 %
FRANCE 2.3 %
AUSTRALIA 1.7 %
HONG KONG 1.6 %
DENMARK 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
0.9% 21.3% 12.7% -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 0.85 96%
MSCI EAFE 0.84 92%
MSCI Emg. Mkts. 0.65 69%

Technical Indicators
Recent close $93.26
30d moving avg. $94.33
Annualized volatility 16.1%
Short interest (ETF) 0.3%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $291,493

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.6%


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 63.9 24 6 5.1 -0.5
TOK iShares MSCI Kokusai ETF 62.1 25 5 5.0 -0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 61.5 9 21 5.2 -0.4
ACWI iShares MSCI ACWI ETF 59.0 32 -2 5.2 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 58.8 15 15 5.5 -0.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 54.8 20 10 5.4 -0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 54.4 20 10 5.4 -0.2
VT Vanguard Total World Stock ETF 54.2 8 22 5.5 -0.1
PBUS Invesco PureBeta MSCI USA ETF 50.7 4 26 4.8 -0.7
PBP Invesco S&P 500 BuyWrite ETF 50.5 49 -19 4.5 -1.1
XYLG Global X S&P 500 Covered Call & Growth ETF 50.4 60 -30 4.4 -1.1
SPY SPDR S&P 500 ETF Trust 50.4 9 21 4.9 -0.7
IVV iShares Core S&P 500 ETF 50.3 3 27 4.9 -0.6
SPLG SPDR Portfolio Large Cap ETF 50.3 3 27 5.0 -0.6
VV Vanguard Large-Cap Index Fund 50.2 4 26 4.8 -0.8
SCHX Schwab U.S. Large-Cap ETF 50.1 3 27 4.8 -0.8
VOO VANGUARD S&P 500 ETF 50.0 3 27 4.9 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 50.0 7 23 4.7 -0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 50.0 2 28 4.8 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 50.0 20 10 4.9 -0.6
IWB iShares Russell 1000 ETF 49.5 15 15 4.7 -0.9
SCHK Schwab 1000 Index ETF 49.4 5 25 4.7 -0.9
IYY iShares Dow Jones U.S. ETF 49.4 20 10 4.6 -1.0
SPTM SPDR Portfolio Total Stock Market ETF 49.2 3 27 5.0 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 49.0 27 3 4.8 -0.7
VONE Vanguard Russell 1000 ETF 48.7 8 22 4.7 -0.8
VTHR Vanguard Russell 3000 Index Fund 48.2 10 20 4.6 -1.0
SCHB Schwab U.S. Broad Market ETF 48.1 3 27 4.6 -0.9
IWV iShares Russell 3000 ETF 48.1 20 10 4.5 -1.1
DFAU Dimensional US Core Equity Market ETF 48.0 12 18 4.9 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 47.9 3 27 4.6 -1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 47.9 9 21 5.4 -0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 47.6 30 0 5.5 -0.0
VTI Vanguard Total Stock Market Index Fund 47.6 3 27 4.6 -1.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 47.5 42 -12 4.9 -0.7
JHML John Hancock Multifactor Large Cap ETF 47.4 29 1 5.0 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 47.1 20 10 4.8 -0.8
SFY SoFi Select 500 ETF 47.0 0 30 4.8 -0.8
ESGV Vanguard ESG U.S. Stock ETF 47.0 12 18 4.7 -0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 46.2 9 21 5.1 -0.5
MGC Vanguard Mega Cap Index Fund 45.8 7 23 4.8 -0.7
XVV iShares ESG Screened S&P 500 ETF 45.5 8 22 5.0 -0.6
SPXN ProShares S&P 500 Ex-Financials ETF 45.5 27 3 4.5 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 45.3 8 22 6.2 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 44.9 15 15 4.7 -0.9
IWL iShares Russell Top 200 ETF 44.4 15 15 4.7 -0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 44.1 0 30 4.8 -0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 43.6 27 3 4.5 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 42.9 29 1 4.7 -0.9
ACWV iShares MSCI Global Min Vol Factor ETF 42.6 20 10 5.7 +0.1
AVUS Avantis U.S. Equity ETF 42.1 15 15 5.1 -0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 41.8 25 5 5.0 -0.6
PRF Invesco FTSE RAFI US 1000 ETF 41.7 39 -9 5.8 +0.2
DIVB iShares U.S. Dividend & Buyback ETF 41.6 25 5 6.0 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 41.6 25 5 5.7 +0.1
IQSU IQ Candriam ESG US Equity ETF 41.4 9 21 4.7 -0.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 40.9 15 15 5.0 -0.6
VOOV Vanguard S&P 500 Value ETF 40.5 10 20 6.3 +0.7
ACVF American Conservative Values ETF 40.3 75 -45 4.4 -1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 40.3 25 5 5.6 +0.1
SNPE Xtrackers S&P 500 ESG ETF 39.6 10 20 4.9 -0.7
EFIV SPDR S&P 500 ESG ETF 39.6 10 20 4.9 -0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 39.5 12 18 4.2 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 38.6 4 26 6.3 +0.8
IVE iShares S&P 500 Value ETF 38.6 18 12 6.2 +0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 38.4 30 0 5.2 -0.4
SPXT ProShares S&P 500 Ex-Technology ETF 38.3 27 3 5.1 -0.5
IUSV iShares Core S&P U.S. Value ETF 38.1 4 26 6.4 +0.8
RWL Invesco S&P 500 Revenue ETF 37.5 39 -9 6.1 +0.6
ROUS Hartford Multifactor US Equity ETF 37.3 19 11 6.3 +0.7
IUS Invesco Strategic US ETF 37.1 19 11 5.3 -0.2
DLN WisdomTree U.S. LargeCap Dividend Fund 36.8 28 2 6.4 +0.9
DTD WisdomTree U.S.Total Dividend Fund 36.8 28 2 6.5 +0.9
JQUA JPMorgan U.S. Quality Factor ETF 36.4 12 18 5.3 -0.3
ESG FlexShares STOXX US ESG Impact Index Fund 36.4 32 -2 4.8 -0.8
USMV iShares Edge MSCI Min Vol USA ETF 36.3 15 15 5.5 -0.0
OEF iShares S&P 100 ETF 36.3 20 10 4.6 -1.0
FLQL Franklin LibertyQ U.S. Equity ETF 36.3 15 15 6.1 +0.5
VLU SPDR S&P 1500 Value Tilt ETF 36.1 12 18 6.0 +0.5
SCHV Schwab U.S. Large-Cap Value ETF 36.1 4 26 6.2 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 35.6 75 -45 4.5 -1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 35.4 15 15 0.0 -5.6
VONV Vanguard Russell 1000 Value Index Fund 34.5 8 22 6.1 +0.6
VOOG Vanguard S&P 500 Growth ETF 34.3 10 20 4.0 -1.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.3 19 11 5.3 -0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 34.0 9 21 5.2 -0.4
DFAI Dimensional International Core Equity Market ETF 34.0 18 12 6.3 +0.8
DGRO iShares Core Dividend Growth ETF 34.0 8 22 6.4 +0.9
QEFA SPDR MSCI EAFE Quality Mix ETF 34.0 30 0 6.1 +0.5
IWD iShares Russell 1000 Value ETF 33.9 19 11 6.0 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 33.6 4 26 4.0 -1.6
IVW iShares S&P 500 Growth ETF 33.6 18 12 3.9 -1.7
KRMA Global X Conscious Companies ETF 33.5 43 -13 5.1 -0.5
RESP WisdomTree US ESG Fund of Benef Interest 33.3 28 2 5.5 -0.1
IUSG iShares Core S&P US Growth ETF 33.3 4 26 4.0 -1.6
SCHF Schwab International Equity ETF 33.1 6 24 6.5 +1.0
RSP Invesco S&P 500 Equal Weight ETF 33.1 20 10 5.4 -0.1

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 13.2 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.48
 
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.