SPDR S&P 600 Small Cap Value ETF
ALTAR
Score™
8.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
47.3x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR DJ Wilshire Small Cap Value 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 Value Index.

FUND BASICS
Category US Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Sep 25, 2000
Assets (mns) $2,129
Currency USD
Expense ratio 15 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 454
Wgt avg mkt cap (mns) $1,472
Large cap (>$10bn) 0.3%
Mid cap ($2-10bn) 22.6%
Small cap (<$2bn) 77.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GREEN DOT CORP-CLASS A 1.0 %
MICHAEL KORS HOLDINGS LTD 0.9 %
BED BATH & BEYOND INC 0.9 %
AMERICAN EQUITY INVT LIFE HL 0.9 %
COVETRUS, INC. 0.8 %
QUAKER CHEMICAL CORP 0.8 %
HILLENBRAND INC 0.7 %
ARCOSA INC 0.7 %
MERIT MEDICAL SYSTEMS INC 0.7 %
ABM INDUSTRIES INC 0.7 %
Total 7.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
BERMUDA 1.4 %
BRITAIN 0.9 %
PUERTO RICO 0.4 %
IRELAND 0.3 %
NETHERLANDS 0.1 %





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.
-22.7% -16.6% 4.9% 8.5% 12.3%

Market Correlations
versus... Beta R-squared
S&P500 1.31 85%
MSCI EAFE 1.40 79%
MSCI Emg. Mkts. 1.01 66%

Technical Indicators
Recent close $53.89
30d moving avg. $51.96
Annualized volatility 25.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 182
Turnover 0.5%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $5,468

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the SPDR S&P 600 Small Cap Value ETF ETF based on the alternatives' overlap in portfolio holdings with SLYV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SLYV Expense: 15 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SLYV
Ticker Fund
Name
Overlap1
vs SLYV
(%)
Expense
ratio
(bp)
Savings
vs SLYV
(bp)
ALTAR
Score™
(%)
ALTAR
vs SLYV
(%)
IJS iShares S&P Small-cap 600 Value ETF 98.6 25 -10 8.8 +0.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 97.7 15 0 8.7 +0.1
VIOO Vanguard S&P Small-Cap 600 ETF 63.1 10 5 6.8 -1.9
SLY SPDR S&P 600 Small Cap ETF 63.0 15 0 6.8 -1.9
SPSM SPDR Portfolio Small Cap ETF 63.0 5 10 6.9 -1.7
IJR iShares Core S&P Small Cap ETF 62.7 6 9 6.9 -1.7
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 60.4 40 -25 7.1 -1.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 52.4 39 -24 6.8 -1.9
SSLY Syntax Stratified SmallCap ETF 49.8 30 -15 6.4 -2.3
EES WisdomTree SmallCap Earnings Fund 34.7 38 -23 10.0 +1.3
IWN iShares Russell 2000 Value ETF 34.2 24 -9 6.7 -2.0
FYX First Trust Small Cap Core AlphaDEX Fund 32.2 63 -48 6.0 -2.7
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 31.8 35 -20 7.7 -1.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 31.5 35 -20 8.0 -0.7
PSCF Invesco S&P SmallCap Financials ETF 31.0 29 -14 11.1 +2.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 31.0 29 -14 4.9 -3.8
IJT iShares S&P Small-Cap 600 Growth ETF 29.4 25 -10 5.4 -3.3
SLYG SPDR S&P 600 Small Cap Growth ETF 29.4 15 0 5.3 -3.4
TPSC Timothy Plan US Small Cap Core ETF 29.2 52 -37 7.9 -0.8
FYT First Trust Small Cap Value AlphaDEX Fund 29.1 72 -57 9.4 +0.8
RNSC Small Cap US Equity Select ETF 28.7 60 -45 7.0 -1.7
ISMD Inspire Small/Mid Cap Impact ETF 28.7 60 -45 4.8 -3.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 28.6 16 -1 5.2 -3.5
DES WisdomTree U.S. SmallCap Dividend Fund 28.0 38 -23 8.3 -0.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 27.6 39 -24 4.5 -4.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 27.5 39 -24 9.0 +0.4
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 27.2 35 -20 7.8 -0.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 27.1 25 -10 7.2 -1.5
AVUV Avantis U.S. Small Cap Value ETF 26.9 25 -10 7.9 -0.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 26.8 29 -14 5.7 -3.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 25.6 20 -5 4.7 -4.0
VTWV Vanguard Russell 2000 Value Index Fund 24.9 15 0 6.9 -1.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 24.9 30 -15 7.4 -1.3
CSML IQ Chaikin U.S. Small Cap ETF 24.8 35 -20 3.8 -4.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 24.5 35 -20 5.8 -2.8
IUSS Invesco Strategic US Small Company ETF 24.3 23 -8 5.1 -3.6
PSC Principal U.S. Small Cap Index ETF 24.2 38 -23 6.7 -2.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 23.2 12 3 7.5 -1.2
IWM iShares Russell 2000 ETF 22.4 19 -4 3.3 -5.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 22.4 39 -24 6.4 -2.3
VTWO Vanguard Russell 2000 Index Fund 22.1 10 5 3.5 -5.2
AFSM First Trust Active Factor Small Cap ETF 21.5 75 -60 5.3 -3.4
ROGS Hartford Multifactor Global Small Cap ETF 21.2 34 -19 8.0 -0.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 20.9 24 -9 6.3 -2.4
CALF Pacer US Small Cap Cash Cows 100 ETF 20.5 59 -44 8.8 +0.1
XSHQ Invesco S&P SmallCap Quality ETF 20.0 29 -14 6.6 -2.1
SQLV Legg Mason Small-Cap Quality Value 18.7 62 -47 6.2 -2.4
XSLV Invesco S&P SmallCap Low Volatility ETF 18.2 25 -10 5.5 -3.1
BUY USCF SummerHaven SHPEI Index Fund 17.7 80 -65 8.6 -0.1
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 16.9 29 -14 7.5 -1.2
FYC First Trust Small Cap Growth AlphaDEX Fund 16.9 70 -55 1.8 -6.9
PXSG Invesco S&P SmallCap Momentum ETF 16.8 39 -24 3.7 -5.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 16.7 29 -14 0.2 -8.5
SCHA Schwab U.S. Small-Cap ETF 16.6 4 11 4.6 -4.0
PSCI Invesco S&P SmallCap Industrials ETF 15.8 29 -14 6.3 -2.4
NUSC Nuveen ESG Small-Cap ETF 14.2 40 -25 4.7 -4.0
VFVA Vanguard U.S. Value Factor ETF 13.9 14 1 10.8 +2.1
IWC iShares Micro-Cap ETF 13.4 60 -45 -3.8 -12.5
VFQY Vanguard U.S. Quality Factor ETF 13.3 13 2 6.3 -2.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 13.3 17 -2 4.7 -4.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 12.9 6 9 5.0 -3.7
VBR Vanguard Small Cap Value Index Fund 12.6 7 8 7.9 -0.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 12.4 38 -23 8.3 -0.4
FSMD Fidelity Small-Mid Factor ETF 12.4 29 -14 6.1 -2.6
VFMF Vanguard U.S. Multifactor ETF 11.9 19 -4 7.2 -1.5
IWO iShares Russell 2000 Growth ETF 11.6 24 -9 -0.1 -8.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.1 20 -5 4.6 -4.1
VAMO Cambria Value & Momentum ETF 10.7 63 -48 5.9 -2.8
PSCH Invesco S&P SmallCap Health Care ETF 10.6 29 -14 2.8 -5.9
VFLQ Vanguard U.S. Liquidity Factor ETF 10.5 14 1 4.1 -4.6
JKJ iShares Morningstar Small-Cap ETF 10.5 25 -10 6.3 -2.4
KRE SPDR S&P Regional Banking ETF 10.5 35 -20 10.4 +1.7
VUSE Vident Core US Equity Fund 10.4 48 -33 8.7 +0.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 10.0 80 -65 5.7 -3.0
VTWG Vanguard Russell 2000 Growth Index Fund 10.0 15 0 0.1 -8.6
DWAS Invesco DWA SmallCap Momentum ETF 10.0 60 -45 -2.0 -10.7
QABA First Trust NASDAQ ABA Community Bank Index Fund 9.6 60 -45 10.3 +1.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 9.2 20 -5 9.1 +0.4
SMDV ProShares Russell 2000 Dividend Growers ETF 9.1 41 -26 6.5 -2.1
FAB First Trust Multi Cap Value AlphaDEX Fund 9.0 71 -56 9.5 +0.8
ROOF IQ US Real Estate Small Cap ETF 9.0 70 -55 11.8 +3.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.0 30 -15 9.0 +0.3
VB Vanguard Small-Cap ETF 8.4 5 10 5.1 -3.5
BFOR Barron's 400 ETF 8.3 65 -50 6.3 -2.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 8.2 35 -20 9.9 +1.3
VXF Vanguard Extended Market Index Fund 7.3 6 9 3.4 -5.2
BKSE BNY Mellon US Small Cap Core Equity ETF 6.9 4 11 5.6 -3.1
PSCM Invesco S&P SmallCap Materials ETF 6.8 29 -14 8.6 -0.1
KSCD KFA Small Cap Quality Dividend Index ETF 6.3 51 -36 5.6 -3.1
JKL iShares Morningstar Small Cap Value ETF 6.2 30 -15 9.9 +1.2
PSCT Invesco S&P SmallCap Information Technology ETF 6.2 29 -14 5.7 -3.0
KBE SPDR S&P Bank ETF 6.1 35 -20 10.7 +2.1
TUSA First Trust Total US Market AlphaDEX ETF 6.0 70 -55 5.6 -3.1
RYJ Invesco Raymond James SB-1 Equity ETF 5.9 76 -61 3.3 -5.4
XRT SPDR S&P Retail ETF 5.9 35 -20 5.6 -3.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 5.8 66 -51 2.2 -6.5
JSML Janus Henderson Small Cap Growth Alpha ETF 5.7 30 -15 7.8 -0.9
VFMO Vanguard U.S. Momentum Factor ETF 5.5 13 2 0.7 -8.0
IFRA iShares U.S. Infrastructure ETF 5.2 40 -25 5.5 -3.2
KOMP SPDR Kensho New Economies Composite ETF 5.1 20 -5 2.2 -6.5

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 600 Small Cap Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.4 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.