SPDR SSGA Gender Diversity Index ETF
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.4x P/Sales
ratio
2.0x
P/BV
ratio
2.9x Div.
yield
2.3%


  • 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) $125
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 175
Wgt avg mkt cap (mns) $128,168
Large cap (>$10bn) 89.6%
Mid cap ($2-10bn) 9.7%
Small cap (<$2bn) 0.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PAYPAL HOLDINGS INC 6.7 %
VISA INC-CLASS A SHARES 6.0 %
HOME DEPOT INC 5.7 %
JOHNSON & JOHNSON 5.6 %
TEXAS INSTRUMENTS INC 4.0 %
WALT DISNEY CO/THE 3.8 %
NETFLIX INC 3.5 %
GILEAD SCIENCES INC 2.9 %
INTUIT INC 2.8 %
WELLS FARGO & CO 2.8 %
Total 43.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.9 %
CHINA 0.4 %
IRELAND 0.3 %
BRITAIN 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.9% -6.7% -- -- 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.01 97%
MSCI EAFE 1.01 84%
MSCI Emg. Mkts. 0.75 71%

Technical Indicators
Recent close $68.24
30d moving avg. $65.62
Annualized volatility 17.3%
Short interest (ETF) 0.4%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.7%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $41,809

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the SPDR SSGA Gender Diversity Index ETF 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™: 5.8%


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 500 Quality ETF 29.9 15 5 5.3 -0.5
JOYY Infusive Compounding Global Equities ETF 25.4 50 -30 4.1 -1.8
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 25.3 75 -55 6.3 +0.5
OUSA O'Shares FTSE US Quality Dividend ETF 24.0 48 -28 5.9 +0.1
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 23.9 29 -9 4.5 -1.3
RAFE PIMCO RAFI ESG U.S. ETF 23.8 29 -9 8.3 +2.5
QUAL iShares MSCI Usa Quality Factor ETF 23.6 15 5 5.7 -0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 23.4 10 10 5.7 -0.1
SUSL iShares ESG MSCI USA Leaders ETF 23.4 10 10 5.7 -0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 23.3 19 1 5.9 +0.1
FLQL Franklin LibertyQ U.S. Equity ETF 22.6 15 5 6.7 +0.8
QVM Arrow QVM Equity Factor ETF 22.6 65 -45 5.4 -0.4
DGRO iShares Core Dividend Growth ETF 22.5 8 12 6.9 +1.1
DIA SPDR Dow Jones Industrial Average ETF Trust 22.0 16 4 5.9 +0.1
PFM Invesco Dividend Achievers ETF 21.7 54 -34 5.6 -0.2
SCHD Schwab U.S. Dividend Equity ETF 21.3 6 14 7.7 +1.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 21.0 29 -9 6.6 +0.8
IYC iShares U.S. Consumer Services ETF 21.0 42 -22 4.6 -1.2
VYM Vanguard High Dividend Yield Index ETF 20.8 6 14 7.6 +1.8
QUS SPDR MSCI USA StrategicFactors ETF 20.1 15 5 6.1 +0.3
MGV Vanguard Mega Cap Value ETF 19.8 7 13 7.6 +1.8
QLC FlexShares US Quality Large Cap Index Fund 19.8 32 -12 5.9 +0.1
VIG Vanguard Dividend Appreciation Index Fund 19.8 6 14 5.5 -0.3
JQUA JPMorgan U.S. Quality Factor ETF 19.7 12 8 5.5 -0.3
VTV Vanguard Value Index Fund 19.5 4 16 7.8 +2.0
YLDE ClearBridge Dividend Strategy ESG ETF 19.4 60 -40 5.3 -0.5
JKF iShares Morningstar Large Cap Value ETF 19.3 25 -5 8.1 +2.3
FDLO Fidelity Low Volatility Factor ETF 19.3 29 -9 5.5 -0.4
HDV iShares Core High Dividend ETF 19.2 8 12 6.8 +1.0
USDY Pacific Global US Equity Income ETF 19.2 29 -9 8.5 +2.7
EDOW First Trust Dow 30 Equal Weight ETF 19.1 50 -30 6.2 +0.4
MILN Global X Millennials Thematic ETF 19.1 50 -30 3.3 -2.6
QLV FlexShares US Quality Low Volatility Index Fund 19.0 22 -2 5.4 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 18.9 4 16 7.6 +1.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.7 30 -10 7.1 +1.3
HECO EcoLogical Strategy ETF 18.7 107 -87 3.4 -2.4
JMOM JPMorgan U.S. Momentum Factor ETF 18.4 12 8 4.1 -1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 18.3 28 -8 6.7 +0.9
FTCS First Trust Capital Strength ETF 18.2 60 -40 5.1 -0.7
EQWL Invesco Russell Top 200 Equal Weight ETF 18.2 25 -5 6.4 +0.6
DSI iShares MSCI KLD 400 Social ETF 18.0 25 -5 5.5 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 18.0 20 0 5.3 -0.5
DTD WisdomTree U.S.Total Dividend Fund 18.0 28 -8 7.0 +1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 18.0 75 -55 4.8 -1.0
REVS Columbia Research Enhanced Value ETF 17.9 19 1 8.1 +2.3
TMFC Motley Fool 100 Index ETF 17.9 50 -30 4.1 -1.7
ESGU iShares MSCI USA ESG Optimized ETF 17.9 15 5 5.4 -0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 17.8 12 8 5.0 -0.9
SPXT ProShares S&P 500 Ex-Technology ETF 17.5 27 -7 6.0 +0.2
SPMO Invesco S&P 500 Momentum ETF 17.4 13 7 4.6 -1.2
EXT WisdomTree U.S. Total Earnings Fund 17.4 28 -8 6.1 +0.3
DIVB iShares U.S. Dividend & Buyback ETF 17.4 25 -5 6.9 +1.1
DHS WisdomTree U.S. High Dividend Fund 17.4 38 -18 8.9 +3.1
IQSU IQ Candriam ESG US Equity ETF 17.3 9 11 5.5 -0.3
IWD iShares Russell 1000 Value ETF 17.2 19 1 7.6 +1.8
VONV Vanguard Russell 1000 Value Index Fund 17.2 8 12 7.7 +1.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 17.1 17 3 7.4 +1.6
CATH Global X S&P 500 Catholic Values Custom ETF 17.1 29 -9 5.6 -0.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 17.0 15 5 7.2 +1.4
QDF FlexShares Quality Dividend Index Fund 16.9 37 -17 7.2 +1.4
IWX iShares Russell Top 200 Value ETF 16.9 20 0 7.4 +1.6
QDEF FlexShares Quality Dividend Defensive Index Fund 16.9 37 -17 6.6 +0.8
LVUS Hartford Multifactor Low Volatility US Equity ETF 16.8 19 1 6.4 +0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.8 9 11 5.9 +0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 16.8 19 1 6.7 +0.9
SPXN ProShares S&P 500 Ex-Financials ETF 16.8 27 -7 5.3 -0.5
PBP Invesco S&P 500 BuyWrite ETF 16.8 49 -29 5.3 -0.5
SPYV SPDR Portfolio S&P 500 Value ETF 16.7 4 16 7.8 +2.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 16.7 34 -14 5.6 -0.3
IVE iShares S&P 500 Value ETF 16.7 18 2 7.7 +1.9
VOOV Vanguard S&P 500 Value ETF 16.6 15 5 7.7 +1.9
USMV iShares Edge MSCI Min Vol USA ETF 16.6 15 5 6.0 +0.2
TECB iShares US Tech Breakthrough Multisector ETF 16.6 40 -20 4.1 -1.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 16.6 9 11 6.4 +0.6
NULV Nuveen ESG Large-Cap Value ETF 16.5 35 -15 7.9 +2.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 16.5 25 -5 7.0 +1.2
HSPX Global X S&P 500 Covered Call ETF 16.5 65 -45 5.2 -0.6
LEAD Reality Shares DIVCON Leaders Dividend ETF 16.4 43 -23 4.6 -1.3
EPS WisdomTree U.S. Earnings 500 Fund 16.4 8 12 6.9 +1.1
IUSV iShares Core S&P U.S. Value ETF 16.3 4 16 7.9 +2.1
MGC Vanguard Mega Cap Index Fund 16.3 7 13 5.6 -0.3
JHML John Hancock Multifactor Large Cap ETF 16.2 34 -14 5.9 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 16.2 20 0 5.8 -0.1
OEF iShares S&P 100 ETF 16.2 20 0 5.1 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 16.1 39 -19 7.4 +1.5
IWL iShares Russell Top 200 ETF 16.0 15 5 5.4 -0.4
IWB iShares Russell 1000 ETF 16.0 15 5 5.6 -0.2
EUSA iShares MSCI USA Equal Weighted ETF 16.0 15 5 6.6 +0.8
PBUS Invesco PureBeta MSCI USA ETF 15.9 4 16 5.7 -0.1
VV Vanguard Large-Cap Index Fund 15.9 4 16 5.6 -0.2
SCHX Schwab U.S. Large-Cap ETF 15.9 3 17 5.7 -0.1
FQAL Fidelity Quality Factor ETF 15.9 29 -9 5.7 -0.1
VONE Vanguard Russell 1000 ETF 15.9 8 12 5.7 -0.2
NACP Impact Shares NAACP Minority Empowerment ETF 15.9 75 -55 4.8 -1.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 15.9 17 3 7.1 +1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 15.9 25 -5 7.0 +1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 15.9 2 18 5.7 -0.1
JKD iShares Morningstar Large-Cap ETF 15.8 20 0 6.2 +0.4
SCIU Global X Scientific Beta US ETF 15.8 19 1 6.2 +0.4
SPLG SPDR Portfolio Large Cap ETF 15.8 3 17 5.8 -0.0

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 SSGA Gender Diversity Index ETF
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 17.0 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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