SPDR S&P Dividend ETF
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.8x P/Sales
ratio
1.4x
P/BV
ratio
2.0x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P Dividend ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate the price and yield of the S&P High Yield Dividend Aristocrats Index. The Index measures the performance of 50 highest dividend yielding S&P Composite 1500 constituents that have followed a managed dividends policy of consistently increasing dividends every year for 25 years.

FUND BASICS
Category US Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Nov 08, 2005
Assets (mns) $15,364
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Dividend
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 118
Wgt avg mkt cap (mns) $49,669
Large cap (>$10bn) 62.3%
Mid cap ($2-10bn) 35.6%
Small cap (<$2bn) 2.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EATON VANCE CORP 2.0 %
AT&T INC 1.9 %
EXXON MOBIL CORP 1.9 %
FRANKLIN RESOURCES INC 1.8 %
NATIONAL RETAIL PROPERTIES 1.8 %
LEGGETT & PLATT INC 1.8 %
PEOPLE'S UNITED FINANCIAL 1.7 %
INTL BUSINESS MACHINES CORP 1.6 %
FEDERAL REALTY INVS TRUST 1.5 %
REALTY INCOME CORP 1.5 %
Total 17.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.2 %
BRITAIN 3.6 %
IRELAND 0.9 %
SWITZERLAND 0.7 %
BERMUDA 0.2 %






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.
-12.1% -7.2% 9.3% 10.4% 7.9%

Market Correlations
versus... Beta R-squared
S&P500 0.88 89%
MSCI EAFE 0.93 82%
MSCI Emg. Mkts. 0.67 67%

Technical Indicators
Recent close $95.84
30d moving avg. $94.54
Annualized volatility 16.5%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.9%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 597
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $24,041

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SDY Expense: 35 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SDY
Ticker Fund
Name
Overlap1
vs SDY
(%)
Expense
ratio
(bp)
Savings
vs SDY
(bp)
ALTAR
Score™
(%)
ALTAR
vs SDY
(%)
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 57.8 75 -40 5.5 -1.5
NOBL ProShares S&P 500 Dividend Aristocrats ETF 57.4 35 0 5.9 -1.1
TMDV ProShares Russell US Dividend Growers ETF 52.3 36 -1 5.6 -1.4
VSDA VictoryShares Dividend Accelerator ETF 32.4 35 0 4.7 -2.3
PFM Invesco Dividend Achievers ETF 31.6 53 -18 5.2 -1.8
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 27.5 41 -6 6.1 -0.9
PEY Invesco High Yield Equity Dividend Achievers ETF 27.5 52 -17 9.6 +2.6
USDY Pacific Global US Equity Income ETF 26.8 29 6 7.0 +0.0
VYM Vanguard High Dividend Yield Index ETF 26.6 6 29 7.4 +0.3
FVD First Trust Value Line Dividend Index Fund 26.2 70 -35 6.2 -0.8
KLCD KFA Large Cap Quality Dividend Index ETF 26.0 42 -7 5.3 -1.7
VIG Vanguard Dividend Appreciation Index Fund 24.5 6 29 5.1 -1.9
VOOV Vanguard S&P 500 Value ETF 23.9 10 25 7.2 +0.2
DGRO iShares Core Dividend Growth ETF 23.3 8 27 6.6 -0.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 23.1 35 0 8.7 +1.7
SCHV Schwab U.S. Large-Cap Value ETF 23.0 4 31 6.7 -0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 23.0 28 7 6.3 -0.7
OUSA O'Shares FTSE US Quality Dividend ETF 23.0 48 -13 5.7 -1.3
DTD WisdomTree U.S.Total Dividend Fund 23.0 28 7 6.6 -0.4
JMIN JPMorgan U.S. Minimum Volatility ETF 22.8 12 23 5.4 -1.6
SPYV SPDR Portfolio S&P 500 Value ETF 22.8 4 31 7.2 +0.2
IVE iShares S&P 500 Value ETF 22.8 18 17 7.1 +0.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 22.4 38 -3 7.9 +0.9
IUSV iShares Core S&P U.S. Value ETF 22.2 4 31 7.3 +0.3
MGV Vanguard Mega Cap Value ETF 22.1 7 28 7.1 +0.1
FLQL Franklin LibertyQ U.S. Equity ETF 22.0 15 20 6.0 -1.0
VTV Vanguard Value Index Fund 21.6 4 31 7.2 +0.2
IWX iShares Russell Top 200 Value ETF 21.2 20 15 6.7 -0.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 20.6 30 5 9.1 +2.1
ALTL Pacer Lunt Large Cap Alternator ETF 20.5 60 -25 5.1 -1.9
SPLV Invesco S&P 500 Low Volatility ETF 20.5 25 10 5.4 -1.6
VONV Vanguard Russell 1000 Value Index Fund 20.5 8 27 6.9 -0.1
IWD iShares Russell 1000 Value ETF 20.4 19 16 6.8 -0.2
EQWL Invesco Russell Top 200 Equal Weight ETF 20.3 25 10 6.1 -0.9
DVY iShares Select Dividend ETF 20.3 39 -4 9.3 +2.3
NULV Nuveen ESG Large-Cap Value ETF 19.9 35 0 7.2 +0.2
VALQ American Century STOXX U.S. Quality Value ETF 19.8 29 6 8.7 +1.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.6 25 10 6.6 -0.4
MAGA Point Bridge GOP Stock Tracker ETF 19.6 72 -37 6.3 -0.7
TPHD Timothy Plan High Dividend Stock ETF 19.5 52 -17 7.3 +0.3
SPXT ProShares S&P 500 Ex-Technology ETF 19.4 27 8 5.4 -1.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 19.4 17 18 6.7 -0.3
FDLO Fidelity Low Volatility Factor ETF 19.2 29 6 5.1 -1.9
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 19.2 35 0 8.8 +1.8
JDIV JPMorgan U.S. Dividend ETF 19.2 12 23 7.7 +0.7
CCOR Core Alternative ETF 19.1 109 -74 4.5 -2.5
LGLV SPDR Russell 1000 Low Volatility ETF 19.1 12 23 5.5 -1.5
JKF iShares Morningstar Large Cap Value ETF 19.0 25 10 7.6 +0.6
PRF Invesco FTSE RAFI US 1000 ETF 18.9 39 -4 6.7 -0.3
JQUA JPMorgan U.S. Quality Factor ETF 18.8 12 23 5.2 -1.8
FLLV Franklin Liberty U.S. Low Volatility ETF 18.7 29 6 5.4 -1.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 18.6 25 10 6.6 -0.4
IUS Invesco Strategic US ETF 18.5 19 16 6.3 -0.7
RWL Invesco S&P 500 Revenue ETF 18.3 39 -4 7.1 +0.1
USMV iShares Edge MSCI Min Vol USA ETF 18.2 15 20 5.4 -1.6
RNDV US Equity Dividend Select ETF 18.0 50 -15 7.7 +0.7
DIVB iShares U.S. Dividend & Buyback ETF 17.7 25 10 6.7 -0.3
QUS SPDR MSCI USA StrategicFactors ETF 17.5 15 20 5.7 -1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 17.4 29 6 5.8 -1.2
RAFE PIMCO RAFI ESG U.S. ETF 17.3 29 6 7.6 +0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 17.2 18 17 6.0 -1.0
SDOG ALPS Sector Dividend Dogs ETF 17.2 40 -5 9.6 +2.6
LVHD Legg Mason Low Volatility High Dividend ETF 16.9 27 8 8.1 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 16.8 15 20 4.9 -2.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 16.8 60 -25 6.4 -0.6
ROUS Hartford Multifactor US Equity ETF 16.7 19 16 6.3 -0.7
ESGS Columbia Sustainable U.S. Equity Income ETF 16.6 35 0 8.6 +1.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.5 28 7 6.3 -0.7
PBP Invesco S&P 500 BuyWrite ETF 16.4 49 -14 4.8 -2.2
SPXN ProShares S&P 500 Ex-Financials ETF 16.4 27 8 4.8 -2.2
HSPX Global X S&P 500 Covered Call ETF 16.3 60 -25 4.8 -2.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.3 35 0 5.3 -1.7
PSET Principal Price Setters Index ETF 16.3 15 20 4.8 -2.2
FQAL Fidelity Quality Factor ETF 16.2 29 6 5.3 -1.7
ESG FlexShares STOXX US ESG Impact Index Fund 16.1 32 3 5.0 -2.0
FTA First Trust Large Cap Value AlphaDEX Fund 16.1 60 -25 9.0 +2.0
SCHD Schwab U.S. Dividend Equity ETF 16.1 6 29 7.8 +0.8
RBUS Nationwide Risk-Based U.S. Equity ETF 16.0 30 5 4.5 -2.5
SCIU Global X Scientific Beta US ETF 16.0 19 16 0.0 -7.0
XYLG Global X S&P 500 Covered Call & Growth ETF 15.9 60 -25 4.8 -2.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 15.9 17 18 6.2 -0.8
QLV FlexShares US Quality Low Volatility Index Fund 15.9 22 13 4.7 -2.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 15.9 20 15 6.8 -0.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 15.9 35 0 5.6 -1.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 15.9 35 0 5.6 -1.4
SPYD SPDR S&P 500 High Dividend ETF 15.8 7 28 11.1 +4.1
DON WisdomTree U.S. MidCap Dividend Fund 15.8 38 -3 7.5 +0.5
SPY SPDR S&P 500 ETF Trust 15.8 9 26 5.1 -1.9
SPLG SPDR Portfolio Large Cap ETF 15.8 3 32 5.2 -1.8
IVV iShares Core S&P 500 ETF 15.8 3 32 5.2 -1.8
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 15.8 63 -28 5.9 -1.1
VLU SPDR S&P 1500 Value Tilt ETF 15.7 12 23 7.2 +0.2
MGC Vanguard Mega Cap Index Fund 15.7 7 28 5.0 -2.0
JHMI John Hancock Multifactor Industrials ETF 15.7 40 -5 5.5 -1.5
LSLT Salt Low truBeta US Market ETF 15.7 60 -25 5.7 -1.3
EPS WisdomTree U.S. Earnings 500 Fund 15.7 8 27 6.3 -0.7
VOO VANGUARD S&P 500 ETF 15.6 3 32 5.2 -1.8
SPTM SPDR Portfolio Total Stock Market ETF 15.5 3 32 5.3 -1.7
JHML John Hancock Multifactor Large Cap ETF 15.5 29 6 5.3 -1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 15.4 20 15 4.8 -2.2

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 S&P Dividend 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 13.8 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 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.