SPDR Portfolio Total Stock Market ETF
ALTAR
Score™
4.9% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
22.2x P/Sales
ratio
2.5x
P/BV
ratio
3.4x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR Russell 3000 ETF is an exchange-traded fund incorporated in the USA. The Fund's objective seeks to replicate as closely as possible, before expenses, the total return performance of the Russell 3000 Index.

FUND BASICS
Category US Equities
Fund Sponsor SSgA Funds Management Inc
Website www.spdrs.com
Inception date Oct 04, 2000
Assets (mns) $4,408
Currency USD
Expense ratio 3 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1518
Wgt avg mkt cap (mns) $471,813
Large cap (>$10bn) 91.2%
Mid cap ($2-10bn) 7.5%
Small cap (<$2bn) 1.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.7 %
MICROSOFT CORP 5.0 %
AMAZON.COM INC 3.8 %
ALPHABET INC. CLASS A 1.7 %
FACEBOOK 1.7 %
ALPHABET INC. CLASS C 1.7 %
TESLA MOTORS INC 1.6 %
BERKSHIRE HATHAWAY INC-CL B 1.3 %
JPMORGAN CHASE & CO 1.2 %
JOHNSON & JOHNSON 1.2 %
Total 25.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
IRELAND 1.5 %
BRITAIN 0.9 %
SWITZERLAND 0.4 %
BERMUDA 0.1 %
PUERTO RICO 0.0 %
CAYMAN ISLANDS 0.0 %
NETHERLANDS 0.0 %
ISRAEL 0.0 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
2.5% 31.9% 16.7% 13.1% 7.6%

Market Correlations
versus... Beta R-squared
S&P500 1.02 100%
MSCI EAFE 0.95 85%
MSCI Emg. Mkts. 0.77 69%

Technical Indicators
Recent close $47.25
30d moving avg. $47.63
Annualized volatility 18.9%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.8%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 475
Turnover 0.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $300,507

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the SPDR Portfolio Total Stock Market ETF ETF based on the alternatives' overlap in portfolio holdings with SPTM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SPTM Expense: 3 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPTM
Ticker Fund
Name
Overlap1
vs SPTM
(%)
Expense
ratio
(bp)
Savings
vs SPTM
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPTM
(%)
SCHX Schwab U.S. Large-Cap ETF 92.4 3 0 4.7 -0.2
IWB iShares Russell 1000 ETF 91.7 15 -12 4.6 -0.3
IYY iShares Dow Jones U.S. ETF 91.4 20 -17 4.6 -0.4
SCHK Schwab 1000 Index ETF 91.1 5 -2 4.7 -0.2
SPLG SPDR Portfolio Large Cap ETF 90.9 3 0 4.9 -0.0
PBP Invesco S&P 500 BuyWrite ETF 90.9 49 -46 4.5 -0.4
IVV iShares Core S&P 500 ETF 90.9 3 0 4.9 -0.0
SPY SPDR S&P 500 ETF Trust 90.9 9 -6 4.8 -0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 90.8 60 -57 4.4 -0.5
VOO VANGUARD S&P 500 ETF 90.8 3 0 4.9 -0.0
PBUS Invesco PureBeta MSCI USA ETF 90.4 4 -1 4.8 -0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 90.3 2 1 4.8 -0.1
VTHR Vanguard Russell 3000 Index Fund 89.9 10 -7 4.5 -0.4
IWV iShares Russell 3000 ETF 89.4 20 -17 4.4 -0.5
SCHB Schwab U.S. Broad Market ETF 89.2 3 0 4.6 -0.3
VV Vanguard Large-Cap Index Fund 89.1 4 -1 4.7 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 88.6 3 0 4.5 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 88.4 7 -4 4.7 -0.2
VONE Vanguard Russell 1000 ETF 88.2 8 -5 4.7 -0.3
SPXE ProShares S&P 500 Ex-Energy ETF 87.8 27 -24 4.8 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 87.4 20 -17 4.9 -0.0
VTI Vanguard Total Stock Market Index Fund 86.5 3 0 4.5 -0.4
ESGV Vanguard ESG U.S. Stock ETF 83.6 12 -9 4.6 -0.3
DFAU Dimensional US Core Equity Market ETF 81.8 12 -9 4.8 -0.1
XVV iShares ESG Screened S&P 500 ETF 80.6 8 -5 4.9 0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 78.4 27 -24 4.4 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 78.1 27 -24 4.4 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 77.8 20 -17 4.7 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 77.2 29 -26 4.6 -0.3
MGC Vanguard Mega Cap Index Fund 76.2 7 -4 4.8 -0.2
SFY SoFi Select 500 ETF 76.1 0 3 4.7 -0.2
ESGU iShares MSCI USA ESG Optimized ETF 75.3 15 -12 4.6 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 74.4 12 -9 4.1 -0.8
IWL iShares Russell Top 200 ETF 74.0 15 -12 4.6 -0.3
JHML John Hancock Multifactor Large Cap ETF 73.9 29 -26 5.0 +0.0
BKLC BNY Mellon US Large Cap Core Equity ETF 73.8 0 3 4.7 -0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 70.1 25 -22 5.0 +0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 69.5 9 -6 5.0 +0.0
AVUS Avantis U.S. Equity ETF 68.4 15 -12 5.0 +0.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 68.1 15 -12 4.9 -0.0
EPS WisdomTree U.S. Earnings 500 Fund 67.2 8 -5 6.1 +1.2
TOK iShares MSCI Kokusai ETF 66.7 25 -22 4.9 +0.0
KOKU Xtrackers MSCI Kokusai Equity ETF 66.6 9 -6 5.1 +0.2
SNPE Xtrackers S&P 500 ESG ETF 66.0 10 -7 4.9 -0.1
EFIV SPDR S&P 500 ESG ETF 66.0 10 -7 4.9 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 65.5 39 -36 5.7 +0.7
IQSU IQ Candriam ESG US Equity ETF 65.3 9 -6 4.7 -0.3
SPXT ProShares S&P 500 Ex-Technology ETF 65.0 27 -24 5.0 +0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 65.0 25 -22 5.5 +0.6
IUSG iShares Core S&P US Growth ETF 63.6 4 -1 3.9 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 63.4 15 -12 5.4 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 63.2 25 -22 5.6 +0.7
URTH iShares MSCI World ETF 61.6 24 -21 5.1 +0.1
VLU SPDR S&P 1500 Value Tilt ETF 60.8 12 -9 5.9 +1.0
VOOG Vanguard S&P 500 Growth ETF 60.6 10 -7 3.9 -1.1
ESG FlexShares STOXX US ESG Impact Index Fund 60.6 32 -29 4.7 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 60.2 4 -1 3.9 -1.0
IVW iShares S&P 500 Growth ETF 60.2 18 -15 3.8 -1.1
OEF iShares S&P 100 ETF 59.9 20 -17 4.5 -0.4
IUSV iShares Core S&P U.S. Value ETF 59.8 4 -1 6.3 +1.4
DIVB iShares U.S. Dividend & Buyback ETF 59.7 25 -22 6.0 +1.1
IUS Invesco Strategic US ETF 58.6 19 -16 5.2 +0.3
VOOV Vanguard S&P 500 Value ETF 58.0 10 -7 6.2 +1.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 57.4 30 -27 5.2 +0.2
RWL Invesco S&P 500 Revenue ETF 57.1 39 -36 6.1 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 56.5 4 -1 6.3 +1.4
IVE iShares S&P 500 Value ETF 56.5 18 -15 6.1 +1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 56.5 30 -27 5.1 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 55.3 60 -57 3.7 -1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 55.3 15 -12 0.0 -4.9
VONV Vanguard Russell 1000 Value Index Fund 54.6 8 -5 6.1 +1.1
IWD iShares Russell 1000 Value ETF 54.0 19 -16 5.9 +1.0
IWF iShares Russell 1000 Growth ETF 53.8 19 -16 3.6 -1.3
DTD WisdomTree U.S.Total Dividend Fund 53.5 28 -25 6.4 +1.5
VONG Vanguard Russell 1000 Growth Index Fund 53.4 8 -5 3.7 -1.2
ACWI iShares MSCI ACWI ETF 53.0 32 -29 5.2 +0.2
RESP WisdomTree US ESG Fund of Benef Interest 52.6 28 -25 5.4 +0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 51.8 20 -17 5.4 +0.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 51.7 20 -17 5.4 +0.4
SCHV Schwab U.S. Large-Cap Value ETF 51.2 4 -1 6.1 +1.2
HIPR Direxion High Growth ETF 51.2 40 -37 4.1 -0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 51.1 28 -25 6.4 +1.4
VT Vanguard Total World Stock ETF 50.8 8 -5 5.4 +0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 50.4 75 -72 3.7 -1.3
DSI iShares MSCI KLD 400 Social ETF 50.4 25 -22 4.6 -0.3
NACP Impact Shares NAACP Minority Empowerment ETF 50.3 49 -46 4.9 +0.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 50.3 42 -39 4.8 -0.1
VUG Vanguard Growth Index Fund 49.7 4 -1 3.5 -1.4
KRMA Global X Conscious Companies ETF 49.4 43 -40 5.1 +0.2
QWLD SPDR MSCI World StrategicFactors ETF 49.1 30 -27 5.5 +0.6
XLG Invesco S&P 500 Top 50 ETF 47.8 20 -17 4.3 -0.6
AFLG First Trust Active Factor Large Cap ETF 47.8 55 -52 4.8 -0.1
IWY iShares Russell Top 200 Growth ETF 47.7 20 -17 3.8 -1.1
RECS Columbia Research Enhanced Core ETF 47.3 15 -12 5.4 +0.5
RSP Invesco S&P 500 Equal Weight ETF 47.3 20 -17 5.4 +0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 47.2 9 -6 5.3 +0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 46.9 49 -46 3.7 -1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.7 19 -16 5.2 +0.3

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 Total Stock Market 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 16.7 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 3 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.50
 
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.