SPDR Portfolio Total Stock Market ETF
ALTAR
Score™
7.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.0x P/Sales
ratio
1.7x
P/BV
ratio
2.4x Div.
yield
2.4%


  • 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) $2,848
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 1515
Wgt avg mkt cap (mns) $255,529
Large cap (>$10bn) 89.0%
Mid cap ($2-10bn) 8.6%
Small cap (<$2bn) 2.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 5.0 %
APPLE INC 4.5 %
AMAZON.COM INC 3.4 %
FACEBOOK 1.6 %
BERKSHIRE HATHAWAY INC-CL B 1.5 %
ALPHABET INC. CLASS A 1.5 %
ALPHABET INC. CLASS C 1.4 %
JOHNSON & JOHNSON 1.4 %
JPMORGAN CHASE & CO 1.2 %
VISA INC-CLASS A SHARES 1.2 %
Total 22.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
IRELAND 1.8 %
BRITAIN 1.0 %
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 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.5% 6.7% 8.8% 12.4% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.01 99%
MSCI EAFE 0.93 75%
MSCI Emg. Mkts. 0.65 54%

Technical Indicators
Recent close $31.93
30d moving avg. $34.97
Annualized volatility 13.3%
Short interest (ETF) 0.5%
Short interest (Underlying) 3.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 1,227
Turnover 1.4%
Bid/Ask (% of price) -0.02%
ADV underlying (mns) $301,377

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 7.0%


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 94.3 3 0 6.7 -0.3
IWB iShares Russell 1000 ETF 94.3 15 -12 6.7 -0.3
IYY iShares Dow Jones U.S. ETF 94.2 20 -17 6.6 -0.3
VONE Vanguard Russell 1000 ETF 94.2 8 -5 6.7 -0.2
SCHK Schwab 1000 Index ETF 94.0 5 -2 6.7 -0.2
VTHR Vanguard Russell 3000 Index Fund 92.6 10 -7 6.6 -0.4
IWV iShares Russell 3000 ETF 92.3 20 -17 6.5 -0.5
SCHB Schwab U.S. Broad Market ETF 92.3 3 0 6.7 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 92.2 2 1 6.8 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 92.1 3 0 6.7 -0.3
PBUS Invesco PureBeta MSCI USA ETF 91.9 4 -1 6.8 -0.2
SPLG SPDR Portfolio Large Cap ETF 91.8 3 0 6.9 -0.1
SPY SPDR S&P 500 ETF Trust 91.8 9 -6 6.8 -0.2
IVV iShares Core S&P 500 ETF 91.8 4 -1 6.8 -0.2
PBP Invesco S&P 500 BuyWrite ETF 91.8 49 -46 6.5 -0.5
VTI Vanguard Total Stock Market Index Fund 91.7 3 0 6.7 -0.3
HSPX Global X S&P 500 Covered Call ETF 91.5 65 -62 6.1 -0.8
VOO VANGUARD S&P 500 ETF 91.4 3 0 6.8 -0.2
VV Vanguard Large-Cap Index Fund 91.1 4 -1 6.7 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 89.4 20 -17 6.8 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 89.4 27 -24 6.7 -0.3
ESGV Vanguard ESG U.S. Stock ETF 82.8 12 -9 6.7 -0.3
SFY SoFi Select 500 ETF 81.7 0 3 6.4 -0.6
MGC Vanguard Mega Cap Index Fund 79.7 7 -4 6.6 -0.4
SPXN ProShares S&P 500 Ex-Financials ETF 78.6 27 -24 6.4 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 78.0 27 -24 6.5 -0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 77.5 25 -22 8.2 +1.2
CATH Global X S&P 500 Catholic Values Custom ETF 77.3 29 -26 6.7 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 76.8 20 -17 6.4 -0.6
JHML John Hancock Multifactor Large Cap ETF 75.8 34 -31 7.1 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 75.3 12 -9 6.4 -0.5
IWL iShares Russell Top 200 ETF 75.3 15 -12 6.4 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 73.1 9 -6 7.0 -0.0
EPS WisdomTree U.S. Earnings 500 Fund 72.3 8 -5 8.1 +1.1
AVUS Avantis U.S. Equity ETF 71.1 15 -12 7.6 +0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 70.8 25 -22 8.1 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 69.8 15 -12 6.4 -0.6
VLU SPDR S&P 1500 Value Tilt ETF 69.4 12 -9 9.2 +2.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 69.3 25 -22 8.0 +1.0
SPXT ProShares S&P 500 Ex-Technology ETF 68.5 27 -24 7.1 +0.1
SNPE Xtrackers S&P 500 ESG ETF 68.1 11 -8 6.6 -0.4
PRF Invesco FTSE RAFI US 1000 ETF 68.0 39 -36 8.8 +1.8
IUSG iShares Core S&P US Growth ETF 67.6 4 -1 5.7 -1.3
TOK iShares MSCI Kokusai ETF 67.5 25 -22 7.1 +0.1
IQSU IQ Candriam ESG US Equity ETF 65.2 9 -6 6.4 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 65.1 15 -12 7.0 -0.0
IUS Invesco Strategic US ETF 64.4 19 -16 7.6 +0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 64.1 4 -1 5.5 -1.4
IVW iShares S&P 500 Growth ETF 64.1 18 -15 5.4 -1.6
VOOG Vanguard S&P 500 Growth ETF 64.1 10 -7 5.5 -1.5
DTD WisdomTree U.S.Total Dividend Fund 62.3 28 -25 8.2 +1.2
URTH iShares MSCI World ETF 61.7 24 -21 7.3 +0.3
OEF iShares S&P 100 ETF 60.1 20 -17 6.1 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 60.1 25 -22 8.4 +1.4
RWL Invesco S&P 500 Revenue ETF 60.1 39 -36 8.8 +1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 59.3 28 -25 7.7 +0.7
IUSV iShares Core S&P U.S. Value ETF 59.0 4 -1 9.0 +2.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 58.7 15 -12 6.7 -0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 58.5 60 -57 5.7 -1.3
ESG FlexShares STOXX US ESG Impact Index Fund 58.1 32 -29 6.5 -0.5
IWF iShares Russell 1000 Growth ETF 57.7 19 -16 5.4 -1.6
VONG Vanguard Russell 1000 Growth Index Fund 57.6 8 -5 5.5 -1.5
IVE iShares S&P 500 Value ETF 56.2 18 -15 8.7 +1.7
SPYV SPDR Portfolio S&P 500 Value ETF 56.2 4 -1 8.8 +1.9
VOOV Vanguard S&P 500 Value ETF 55.9 15 -12 8.8 +1.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 53.9 29 -26 7.8 +0.8
EXT WisdomTree U.S. Total Earnings Fund 53.8 28 -25 7.3 +0.3
ACWI iShares MSCI ACWI ETF 53.8 32 -29 7.5 +0.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 53.2 29 -26 5.4 -1.6
DGRO iShares Core Dividend Growth ETF 53.1 8 -5 8.1 +1.1
RECS Columbia Research Enhanced Core ETF 52.5 15 -12 7.2 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 52.2 20 -17 7.8 +0.8
LOWC SPDR MSCI ACWI Low Carbon Target ETF 52.1 20 -17 7.8 +0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 52.0 30 -27 7.6 +0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 51.9 42 -39 6.9 -0.1
VT Vanguard Total World Stock Index Fund 51.8 8 -5 7.8 +0.8
NACP Impact Shares NAACP Minority Empowerment ETF 51.2 75 -72 6.0 -1.0
SCHG Schwab U.S. Large-Cap Growth ETF 50.2 4 -1 5.4 -1.6
IWD iShares Russell 1000 Value ETF 50.1 19 -16 8.7 +1.7
RSP Invesco S&P 500 Equal Weight ETF 50.0 20 -17 8.3 +1.3
VONV Vanguard Russell 1000 Value Index Fund 49.9 8 -5 8.9 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 49.8 30 -27 7.3 +0.3
DSI iShares MSCI KLD 400 Social ETF 49.4 25 -22 6.5 -0.5
IWY iShares Russell Top 200 Growth ETF 49.3 20 -17 5.3 -1.7
XLG Invesco S&P 500 Top 50 ETF 48.9 20 -17 5.7 -1.2
VUG Vanguard Growth Index Fund 48.8 4 -1 5.3 -1.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 48.5 9 -6 7.7 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 47.8 49 -46 5.2 -1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 47.8 75 -72 6.0 -1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 47.8 9 -6 7.5 +0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 47.2 25 -22 7.3 +0.3
RNLC Large Cap US Equity Select ETF 47.0 60 -57 7.7 +0.7
SUSL iShares ESG MSCI USA Leaders ETF 47.0 10 -7 6.7 -0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 46.9 10 -7 6.7 -0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 46.7 75 -72 4.7 -2.2
VEGN US Vegan Climate ETF 46.7 60 -57 6.7 -0.3
EUSA iShares MSCI USA Equal Weighted ETF 46.0 15 -12 8.0 +1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 45.5 19 -16 7.3 +0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 45.2 12 -9 6.1 -0.9
SIZE iShares Edge MSCI USA Size Factor ETF 45.2 15 -12 7.8 +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 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 2.4 x
Less: Expense ratio 3 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.52
 
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.