SPDR S&P 600 Small Cap Growth ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.4x P/Sales
ratio
1.4x
P/BV
ratio
2.4x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR DJ Wilshire Small Cap Growth ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the Dow Jones Wilshire Small Cap Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Sep 29, 2000
Assets (mns) $1,949
Currency USD
Expense ratio 15 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 334
Wgt avg mkt cap (mns) $2,112
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 53.5%
Small cap (<$2bn) 46.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LHC GROUP INC 1.1 %
EXPONENT INC 1.0 %
TOPBUILD CORP 1.0 %
AEROJET ROCKETDYNE HOLDINGS, INC. 1.0 %
JOHN BEAN TECHNOLOGIES CORP 0.9 %
UNIVERSAL FOREST PRODUCTS 0.9 %
SIMPSON MANUFACTURING CO INC 0.8 %
AGREE REALTY CORP 0.8 %
NEOGENOMICS INC 0.8 %
AMERICAN STATES WATER CO 0.8 %
Total 9.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.1 %
PUERTO RICO 0.7 %
CAYMAN ISLANDS 0.6 %
BERMUDA 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.6% 9.1% 10.7% 14.6% 6.4%

Market Correlations
versus... Beta R-squared
S&P500 1.16 76%
MSCI EAFE 0.98 45%
MSCI Emg. Mkts. 0.60 29%

Technical Indicators
Recent close $63.80
30d moving avg. $65.64
Annualized volatility 16.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 6.9%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 140
Turnover 0.5%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $4,263

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the SPDR S&P 600 Small Cap Growth ETF ETF based on the alternatives' overlap in portfolio holdings with SLYG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SLYG Expense: 15 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SLYG
Ticker Fund
Name
Overlap1
vs SLYG
(%)
Expense
ratio
(bp)
Savings
vs SLYG
(bp)
ALTAR
Score™
(%)
ALTAR
vs SLYG
(%)
IJT iShares S&P Small-Cap 600 Growth ETF 99.2 25 -10 5.1 -0.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 98.5 16 -1 5.0 -0.2
SLY SPDR S&P 600 Small Cap ETF 66.8 15 0 6.3 +1.1
SPSM SPDR Portfolio Small Cap ETF 66.8 5 10 6.4 +1.2
IJR iShares Core S&P Small Cap ETF 66.7 7 8 6.3 +1.1
VIOO Vanguard S&P Small-Cap 600 ETF 65.2 10 5 6.2 +1.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 51.4 35 -20 6.2 +1.0
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 50.6 40 -25 5.6 +0.4
PXSG Invesco S&P SmallCap Momentum ETF 39.4 39 -24 4.8 -0.4
ISMD Inspire Small/Mid Cap Impact ETF 35.8 61 -46 5.3 +0.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 34.2 29 -14 4.2 -1.0
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 34.0 39 -24 5.4 +0.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 33.9 39 -24 6.8 +1.6
TPSC Timothy Plan US Small Cap Core ETF 33.7 52 -37 7.2 +2.0
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 33.5 35 -20 7.6 +2.4
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 33.5 35 -20 7.6 +2.4
FYC First Trust Small Cap Growth AlphaDEX Fund 32.5 70 -55 2.3 -3.0
PSC Principal U.S. Small Cap Index ETF 31.5 38 -23 6.8 +1.6
SLYV SPDR S&P 600 Small Cap Value ETF 30.3 15 0 7.7 +2.4
IWO iShares Russell 2000 Growth ETF 30.2 24 -9 1.2 -4.0

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

Content on this tab for subscribers only

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 600 Small Cap Growth 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 12.8 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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