SPDR SSGA Gender Diversity
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.5x P/Sales
ratio
2.0x
P/BV
ratio
3.2x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR SSGA Gender Diversity Index ETF tracks a market cap-weighted index of US large-cap companies with a relatively high proportion of women in executive and director positions.

FUND BASICS
Category US Equities
Fund Sponsor SSgA
Website www.spdrs.com
Inception date Mar 07, 2016
Assets (mns) $147
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 179
Wgt avg mkt cap (mns) $120,896
Large cap (>$10bn) 87.4%
Mid cap ($2-10bn) 12.3%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VISA INC-CLASS A SHARES 5.0 %
HOME DEPOT INC 4.9 %
JOHNSON & JOHNSON 4.7 %
WELLS FARGO & CO 4.7 %
PAYPAL HOLDINGS INC 4.1 %
WALT DISNEY CO/THE 4.0 %
TEXAS INSTRUMENTS INC 3.8 %
US BANCORP 2.5 %
COCA-COLA CO/THE 2.5 %
GILEAD SCIENCES INC 2.3 %
Total 38.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %
BRITAIN 0.3 %
CHINA 0.3 %
IRELAND 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.3% 11.2% -- -- 11.5%

Market Correlations
versus... Beta R-squared
S&P500 0.92 95%
MSCI EAFE 0.79 60%
MSCI Emg. Mkts. 0.53 44%

Technical Indicators
Recent close $75.55
30d moving avg. $73.92
Annualized volatility 11.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 86
Turnover 4.4%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $30,416

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the SPDR SSGA Gender Diversity ETF based on the alternatives' overlap in portfolio holdings with SHE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SHE Expense: 20 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SHE
Ticker Fund
Name
Overlap1
vs SHE
(%)
Expense
ratio
(bp)
Savings
vs SHE
(bp)
ALTAR
Score™
(%)
ALTAR
vs SHE
(%)
SPHQ Invesco S&P High Quality Portfolio 27.2 15 5 5.6 -0.6
USSG Xtrackers MSCI USA ESG Leaders Equity 25.5 10 10 5.8 -0.5
SUSL iShares ESG MSCI USA Leaders 25.5 10 10 5.8 -0.5
HDV iShares High Dividend 24.8 8 12 6.7 +0.4
QUAL iShares MSCI USA Quality Factor 24.4 15 5 6.1 -0.2
QARP Xtrackers Russell 1000 US QARP 23.9 19 1 6.5 +0.2
OUSA O'Shares FTSE U.S. Quality Dividend 23.7 48 -28 5.9 -0.3
FLQL Franklin LibertyQ U.S. Equity 23.5 15 5 6.9 +0.7
DGRO iShares Core Dividend Growth 22.8 8 12 6.4 +0.2
FTCS First Trust Capital Strength 22.7 60 -40 5.3 -1.0
DGRW WisdomTree US Dividend Growth 22.2 28 -8 6.7 +0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity 22.1 29 -9 6.3 +0.1
PFM Invesco Dividend Achievers 21.6 54 -34 5.5 -0.8
OYLD Invesco Russell 1000 Yield Factor ETF 21.4 19 1 7.1 +0.8
VYM Vanguard High Dividend Yield ETF 20.9 6 14 7.3 +1.0
QUS SPDR MSCI USA Quality Mix 20.8 15 5 6.0 -0.2
JQUA JPMorgan U.S. Quality Factor 20.7 12 8 5.8 -0.4
QDEF FlexShares Quality Dividend Defensive 20.6 37 -17 6.1 -0.2
SCHD Schwab US Dividend Equity 20.6 6 14 7.3 +1.1
YLDE ClearBridge Dividend Strategy ESG 20.6 60 -40 4.7 -1.6

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
SPDR SSGA Gender Diversity
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.5 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.55
 
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.