SPDR S&P600 Small Cap Value
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
14.7x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
2.7%


  • 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 29, 2000
Assets (mns) $2,408
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 452
Wgt avg mkt cap (mns) $1,531
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 26.2%
Small cap (<$2bn) 73.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AVISTA CORP 0.9 %
OLD NATL BANCORP/IN 0.8 %
AMERICAN EQUITY INVT LIFE HL 0.8 %
INTEGER HOLDINGS CORPORATION 0.8 %
ANIXTER INTERNATIONAL INC 0.8 %
SKYWEST INC 0.8 %
INVESCO MORTGAGE CAPITAL 0.8 %
COLUMBIA BANKING SYSTEM INC 0.8 %
SIMMONS FIRST NATL CORP-CL A 0.8 %
APOLLO COMMERCIAL REAL ESTAT 0.7 %
Total 8.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
BERMUDA 0.9 %
PUERTO RICO 0.6 %
CAYMAN ISLANDS 0.4 %
BRITAIN 0.3 %
IRELAND 0.3 %





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.
-6.4% 3.7% 7.9% 11.8% 13.9%

Market Correlations
versus... Beta R-squared
S&P500 1.24 71%
MSCI EAFE 1.17 52%
MSCI Emg. Mkts. 0.71 34%

Technical Indicators
Recent close $63.21
30d moving avg. $64.07
Annualized volatility 17.8%
Short interest (ETF) 0.2%
Short interest (Underlying) 6.2%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 186
Turnover 0.5%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $4,727

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the SPDR S&P600 Small Cap Value 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™: 7.4%


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 600 SmallCap Value 97.0 25 -10 7.3 -0.2
VIOV Vanguard S&P Small-Cap 600 Value 97.0 20 -5 7.3 -0.1
SLY SPDR S&P 600 Small Cap 63.0 15 0 6.1 -1.3
SPSM SPDR Portfolio Small Cap 63.0 5 10 6.2 -1.2
IJR iShares Core S&P Small-Cap 62.9 7 8 6.1 -1.3
VIOO Vanguard S&P Small-Cap 600 61.4 15 0 6.0 -1.4
EWSC Invesco S&P Small Cap 600 Equal Weight 61.2 40 -25 5.4 -2.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 50.1 39 -24 6.7 -0.7
ISMD Inspire Small/Mid Cap Impact 35.4 61 -46 5.1 -2.3
PSCF Invesco S&P Small Cap Financials 35.4 29 -14 8.6 +1.2
IWN iShares Russell 2000 Value 32.8 24 -9 6.2 -1.3
VTWV Vanguard Russell 2000 Value 32.5 20 -5 6.2 -1.3
FYX First Trust Small Cap Core Alphadex 32.0 66 -51 5.2 -2.3
EES WisdomTree SmallCap Earnings 31.9 38 -23 9.0 +1.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 31.5 29 -14 4.1 -3.3
FYT First Trust Small Cap Value AlphaDEX 31.3 76 -61 7.4 0.0
CSF Compass EMP US Discovery 500 Enhanced Vol. 30.6 35 -20 7.4 -0.0
DES WisdomTree Smallcap Dividend 30.6 38 -23 7.4 -0.0
CSA Victory CEMP US Small Cap Volatility Wtd 30.6 35 -20 7.4 -0.1
IJT iShares S&P 600 SmallCap Growth 30.0 25 -10 4.9 -2.5

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&P600 Small Cap Value
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 8.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 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.