SPDR Portfolio MSCI Global Stock Market ETF
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.4x P/Sales
ratio
1.6x
P/BV
ratio
2.0x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR Portfolio MSCI Global Stock Market ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI IMI Index.

FUND BASICS
Category Global Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Feb 28, 2012
Assets (mns) $263
Currency USD
Expense ratio 9 bp
Distributions Semi-Annually

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 1397
Wgt avg mkt cap (mns) $221,956
Large cap (>$10bn) 87.4%
Mid cap ($2-10bn) 8.4%
Small cap (<$2bn) 3.9%
Developed mkts 91.3%
Emerging mkts 8.7%

TOP TEN HOLDINGS
MICROSOFT CORP 3.0 %
APPLE INC 3.0 %
AMAZON.COM INC 2.0 %
ALPHABET INC. CLASS A 1.0 %
ALPHABET INC. CLASS C 1.0 %
VISA INC-CLASS A SHARES 1.0 %
FACEBOOK 0.9 %
ADOBE SYSTEMS INC 0.8 %
UNITEDHEALTH GROUP INC 0.7 %
HOME DEPOT INC 0.7 %
Total 14.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 55.2 %
JAPAN 6.7 %
BRITAIN 4.3 %
CHINA 3.3 %
SWITZERLAND 3.1 %
CANADA 2.8 %
FRANCE 2.5 %
GERMANY 2.4 %
AUSTRALIA 1.9 %
IRELAND 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.0% 4.3% 5.1% -- 7.8%

Market Correlations
versus... Beta R-squared
S&P500 0.93 96%
MSCI EAFE 1.00 94%
MSCI Emg. Mkts. 0.75 81%

Technical Indicators
Recent close $39.21
30d moving avg. $36.84
Annualized volatility 16.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 109
Turnover 1.6%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $276,296

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the SPDR Portfolio MSCI Global Stock Market ETF ETF based on the alternatives' overlap in portfolio holdings with SPGM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SPGM Expense: 9 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPGM
Ticker Fund
Name
Overlap1
vs SPGM
(%)
Expense
ratio
(bp)
Savings
vs SPGM
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPGM
(%)
URTH iShares MSCI World ETF 61.1 24 -15 5.9 -0.4
ACWI iShares MSCI ACWI ETF 60.9 32 -23 6.1 -0.2
TOK iShares MSCI Kokusai ETF 59.1 25 -16 5.8 -0.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 58.5 20 -11 6.5 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 58.0 20 -11 6.4 +0.1
VT Vanguard Total World Stock Index Fund 56.9 8 1 6.3 +0.1
PBP Invesco S&P 500 BuyWrite ETF 50.8 49 -40 5.1 -1.2
QWLD SPDR MSCI World StrategicFactors ETF 50.7 30 -21 6.1 -0.2
HSPX Global X S&P 500 Covered Call ETF 50.2 65 -56 5.0 -1.3
IVV iShares Core S&P 500 ETF 49.9 4 5 5.5 -0.8
SPLG SPDR Portfolio Large Cap ETF 49.9 3 6 5.5 -0.7
SPY SPDR S&P 500 ETF Trust 49.9 9 -0 5.5 -0.8
VOO VANGUARD S&P 500 ETF 49.8 3 6 5.5 -0.7
PBUS Invesco PureBeta MSCI USA ETF 49.8 4 5 5.4 -0.9
VV Vanguard Large-Cap Index Fund 49.6 4 5 5.4 -0.9
MGC Vanguard Mega Cap Index Fund 49.6 7 2 5.3 -0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 49.4 2 7 5.4 -0.8
SCHX Schwab U.S. Large-Cap ETF 49.3 3 6 5.4 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 49.0 3 6 5.6 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 49.0 20 -11 5.5 -0.7
SCHK Schwab 1000 Index ETF 48.9 5 4 5.4 -0.9
IWB iShares Russell 1000 ETF 48.8 15 -6 5.3 -1.0
IYY iShares Dow Jones U.S. ETF 48.7 20 -11 5.3 -1.0
VONE Vanguard Russell 1000 ETF 48.7 8 1 5.4 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 48.7 27 -18 5.4 -0.8
JHML John Hancock Multifactor Large Cap ETF 48.6 34 -25 5.6 -0.7
SCHB Schwab U.S. Broad Market ETF 48.4 3 6 5.4 -0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 48.4 3 6 5.3 -1.0
VTI Vanguard Total Stock Market Index Fund 48.4 3 6 5.3 -1.0
IWV iShares Russell 3000 ETF 48.3 20 -11 5.2 -1.1
VTHR Vanguard Russell 3000 Index Fund 48.2 10 -1 5.3 -1.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 47.9 42 -33 5.7 -0.6
IWL iShares Russell Top 200 ETF 47.7 15 -6 5.2 -1.1
SFY SoFi Select 500 ETF 45.9 0 9 5.4 -0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 45.5 9 0 5.6 -0.7
SPXN ProShares S&P 500 Ex-Financials ETF 45.4 27 -18 5.1 -1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 45.4 20 -11 5.1 -1.2
ESGU iShares MSCI USA ESG Optimized ETF 44.6 15 -6 5.2 -1.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 44.6 25 -16 6.2 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 43.9 27 -18 5.2 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 43.9 8 1 6.5 +0.3
AVUS Avantis U.S. Equity ETF 43.5 15 -6 5.8 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 43.1 15 -6 5.9 -0.4
ESGV Vanguard ESG U.S. Stock ETF 43.0 12 -3 5.3 -1.0
SNPE Xtrackers S&P 500 ESG ETF 42.7 11 -2 5.2 -1.0
CATH Global X S&P 500 Catholic Values Custom ETF 42.7 29 -20 5.3 -0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 42.4 25 -16 6.6 +0.3
PRF Invesco FTSE RAFI US 1000 ETF 41.8 39 -30 6.8 +0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 41.5 25 -16 6.6 +0.3
DIVB iShares U.S. Dividend & Buyback ETF 41.2 25 -16 6.5 +0.3
IUS Invesco Strategic US ETF 40.8 19 -10 6.2 -0.0
RWL Invesco S&P 500 Revenue ETF 40.6 39 -30 6.8 +0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 40.2 12 -3 5.1 -1.2
IQSU IQ Candriam ESG US Equity ETF 39.6 9 0 5.3 -1.0
OEF iShares S&P 100 ETF 39.2 20 -11 5.0 -1.3
VLU SPDR S&P 1500 Value Tilt ETF 38.6 12 -3 7.4 +1.1
SPXT ProShares S&P 500 Ex-Technology ETF 38.2 27 -18 5.7 -0.6
VOOG Vanguard S&P 500 Growth ETF 37.2 10 -1 4.4 -1.8
SPYG SPDR Portfolio S&P 500 Growth ETF 37.2 4 5 4.5 -1.8
IVW iShares S&P 500 Growth ETF 37.2 18 -9 4.3 -1.9
IUSG iShares Core S&P US Growth ETF 36.9 4 5 4.5 -1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 36.7 28 -19 6.4 +0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 36.5 30 -21 6.8 +0.5
DTD WisdomTree U.S.Total Dividend Fund 36.5 28 -19 6.6 +0.4
EXT WisdomTree U.S. Total Earnings Fund 36.2 28 -19 5.8 -0.4
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 35.9 29 -20 4.3 -1.9
ESG FlexShares STOXX US ESG Impact Index Fund 35.8 32 -23 5.2 -1.1
KRMA Global X Conscious Companies ETF 35.3 43 -34 5.3 -1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 35.2 15 -6 6.4 +0.1
DGT SPDR Global Dow ETF 34.9 50 -41 6.9 +0.7
DGRO iShares Core Dividend Growth ETF 34.3 8 1 6.5 +0.3
IWF iShares Russell 1000 Growth ETF 34.2 19 -10 4.3 -1.9
VONG Vanguard Russell 1000 Growth Index Fund 34.2 8 1 4.4 -1.8
CWI SPDR MSCI ACWI ex-US ETF 34.1 30 -21 7.8 +1.5
NACP Impact Shares NAACP Minority Empowerment ETF 33.5 75 -66 4.6 -1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 33.4 60 -51 4.5 -1.7
EQWL Invesco Russell Top 200 Equal Weight ETF 33.4 25 -16 6.0 -0.2
IWY iShares Russell Top 200 Growth ETF 33.1 20 -11 4.3 -1.9
AFLG First Trust Active Factor Large Cap ETF 33.0 55 -46 5.6 -0.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.5 29 -20 6.2 -0.1
IVE iShares S&P 500 Value ETF 32.2 18 -9 7.2 +0.9
SPYV SPDR Portfolio S&P 500 Value ETF 32.2 4 5 7.3 +1.1
VOOV Vanguard S&P 500 Value ETF 32.1 15 -6 7.2 +1.0
RNLC Large Cap US Equity Select ETF 32.0 60 -51 6.2 -0.0
RECS Columbia Research Enhanced Core ETF 32.0 15 -6 5.7 -0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 31.9 75 -66 4.6 -1.7
IUSV iShares Core S&P U.S. Value ETF 31.8 4 5 7.4 +1.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 30.2 9 0 5.9 -0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.2 19 -10 6.3 -0.0
XLG Invesco S&P 500 Top 50 ETF 30.1 20 -11 4.7 -1.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 30.1 49 -40 4.2 -2.1
RSP Invesco S&P 500 Equal Weight ETF 30.0 20 -11 6.9 +0.6
QLC FlexShares US Quality Large Cap Index Fund 29.9 32 -23 5.6 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 29.4 8 1 7.9 +1.6
JQUA JPMorgan U.S. Quality Factor ETF 29.4 12 -3 5.3 -1.0
ROUS Hartford Multifactor US Equity ETF 29.2 19 -10 7.2 +1.0
DSI iShares MSCI KLD 400 Social ETF 29.1 25 -16 5.3 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 28.2 32 -23 7.6 +1.4
VUG Vanguard Growth Index Fund 28.1 4 5 4.2 -2.0
SUSL iShares ESG MSCI USA Leaders ETF 28.1 10 -1 5.4 -0.8

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 Portfolio MSCI Global Stock Market ETF
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 12.3 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.