SPDR Portfolio Total Stock Market ETF
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.6x P/Sales
ratio
2.2x
P/BV
ratio
3.1x Div.
yield
1.8%


  • 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) $3,498
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 1517
Wgt avg mkt cap (mns) $368,412
Large cap (>$10bn) 90.5%
Mid cap ($2-10bn) 7.7%
Small cap (<$2bn) 1.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 5.7 %
APPLE INC 5.5 %
AMAZON.COM INC 4.7 %
FACEBOOK 2.1 %
ALPHABET INC. CLASS A 1.6 %
ALPHABET INC. CLASS C 1.6 %
JOHNSON & JOHNSON 1.3 %
BERKSHIRE HATHAWAY INC-CL B 1.2 %
VISA INC-CLASS A SHARES 1.1 %
PROCTER & GAMBLE CO/THE 1.1 %
Total 25.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
IRELAND 1.4 %
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 June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.2% 5.7% 9.9% 13.6% 6.6%

Market Correlations
versus... Beta R-squared
S&P500 1.02 100%
MSCI EAFE 1.01 85%
MSCI Emg. Mkts. 0.72 69%

Technical Indicators
Recent close $38.76
30d moving avg. $38.06
Annualized volatility 17.3%
Short interest (ETF) 0.3%
Short interest (Underlying) 3.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 505
Turnover 0.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $321,078

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™: 5.5%


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 93.9 3 0 5.2 -0.2
SCHK Schwab 1000 Index ETF 93.1 5 -2 5.2 -0.3
IYY iShares Dow Jones U.S. ETF 93.0 20 -17 5.1 -0.4
VONE Vanguard Russell 1000 ETF 92.8 8 -5 5.2 -0.3
SPLG SPDR Portfolio Large Cap ETF 92.1 3 0 5.4 -0.1
SPY SPDR S&P 500 ETF Trust 92.1 9 -6 5.3 -0.2
IVV iShares Core S&P 500 ETF 92.1 4 -1 5.4 -0.1
PBP Invesco S&P 500 BuyWrite ETF 92.1 49 -46 5.0 -0.5
IWB iShares Russell 1000 ETF 92.0 15 -12 5.1 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 91.9 2 1 5.3 -0.2
PBUS Invesco PureBeta MSCI USA ETF 91.8 4 -1 5.2 -0.3
VOO VANGUARD S&P 500 ETF 91.8 3 0 5.4 -0.1
HSPX Global X S&P 500 Covered Call ETF 91.7 65 -62 4.9 -0.6
SCHB Schwab U.S. Broad Market ETF 91.3 3 0 5.2 -0.3
VV Vanguard Large-Cap Index Fund 91.2 4 -1 5.2 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 90.9 3 0 5.1 -0.4
VTHR Vanguard Russell 3000 Index Fund 90.8 10 -7 5.1 -0.4
IWV iShares Russell 3000 ETF 90.4 20 -17 5.0 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 90.2 20 -17 5.3 -0.2
VTI Vanguard Total Stock Market Index Fund 90.1 3 0 5.1 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 89.8 7 -4 5.2 -0.3
SPXE ProShares S&P 500 Ex-Energy ETF 89.7 27 -24 5.3 -0.2
ESGV Vanguard ESG U.S. Stock ETF 83.7 12 -9 5.1 -0.4
SPXN ProShares S&P 500 Ex-Financials ETF 80.3 27 -24 4.9 -0.6
MGC Vanguard Mega Cap Index Fund 79.9 7 -4 5.2 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 79.3 29 -26 5.2 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 78.9 27 -24 4.9 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 78.6 15 -12 5.1 -0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 78.3 0 3 5.2 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 77.8 20 -17 4.9 -0.6
SFY SoFi Select 500 ETF 76.6 0 3 5.2 -0.3
IWL iShares Russell Top 200 ETF 76.5 15 -12 5.0 -0.5
JHML John Hancock Multifactor Large Cap ETF 75.4 29 -26 5.5 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 74.8 12 -9 4.9 -0.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 73.9 25 -22 6.6 +1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 72.7 9 -6 5.5 +0.0
EPS WisdomTree U.S. Earnings 500 Fund 72.0 8 -5 6.5 +1.0
AVUS Avantis U.S. Equity ETF 71.5 15 -12 5.7 +0.2
SNPE Xtrackers S&P 500 ESG ETF 70.7 11 -8 5.0 -0.4
IUSG iShares Core S&P US Growth ETF 69.7 4 -1 4.3 -1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 69.0 25 -22 6.6 +1.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 67.2 25 -22 6.6 +1.1
PRF Invesco FTSE RAFI US 1000 ETF 67.0 39 -36 6.9 +1.4
IQSU IQ Candriam ESG US Equity ETF 66.9 9 -6 5.0 -0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 66.8 4 -1 4.2 -1.3
IVW iShares S&P 500 Growth ETF 66.8 18 -15 4.1 -1.4
TOK iShares MSCI Kokusai ETF 66.7 25 -22 5.5 +0.0
VOOG Vanguard S&P 500 Growth ETF 66.6 10 -7 4.2 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 66.6 27 -24 5.6 +0.1
KOKU Xtrackers MSCI Kokusai Equity ETF 66.5 9 -6 5.7 +0.2
QUS SPDR MSCI USA StrategicFactors ETF 64.5 15 -12 5.8 +0.4
VLU SPDR S&P 1500 Value Tilt ETF 62.4 12 -9 7.5 +2.0
ESG FlexShares STOXX US ESG Impact Index Fund 61.8 32 -29 5.0 -0.5
OEF iShares S&P 100 ETF 61.8 20 -17 4.7 -0.8
URTH iShares MSCI World ETF 61.8 24 -21 5.6 +0.1
IUS Invesco Strategic US ETF 61.0 19 -16 6.7 +1.2
VONG Vanguard Russell 1000 Growth Index Fund 60.6 8 -5 4.1 -1.3
DIVB iShares U.S. Dividend & Buyback ETF 60.1 25 -22 6.6 +1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 59.8 60 -57 4.3 -1.2
DTD WisdomTree U.S.Total Dividend Fund 59.1 28 -25 6.7 +1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 56.8 15 -12 6.2 +0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 56.5 28 -25 6.4 +0.9
RWL Invesco S&P 500 Revenue ETF 56.5 39 -36 7.3 +1.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 55.7 30 -27 6.5 +1.0
IWF iShares Russell 1000 Growth ETF 55.2 19 -16 4.0 -1.5
IUSV iShares Core S&P U.S. Value ETF 55.0 4 -1 7.6 +2.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 54.4 29 -26 6.2 +0.8
IWD iShares Russell 1000 Value ETF 54.3 19 -16 7.2 +1.7
EXT WisdomTree U.S. Total Earnings Fund 54.2 28 -25 5.2 -0.3
SCHG Schwab U.S. Large-Cap Growth ETF 54.2 4 -1 4.0 -1.5
ACWI iShares MSCI ACWI ETF 53.8 32 -29 5.8 +0.3
VUG Vanguard Growth Index Fund 52.9 4 -1 3.9 -1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 52.8 20 -17 6.1 +0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 52.7 42 -39 5.4 -0.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 52.7 20 -17 6.0 +0.5
RECS Columbia Research Enhanced Core ETF 52.6 15 -12 5.6 +0.1
NACP Impact Shares NAACP Minority Empowerment ETF 52.3 75 -72 4.5 -1.0
VOOV Vanguard S&P 500 Value ETF 52.1 15 -12 7.4 +1.9
SPYV SPDR Portfolio S&P 500 Value ETF 52.1 4 -1 7.5 +2.0
IVE iShares S&P 500 Value ETF 52.1 18 -15 7.3 +1.9
XLG Invesco S&P 500 Top 50 ETF 51.5 20 -17 4.4 -1.1
VT Vanguard Total World Stock Index Fund 51.2 8 -5 6.1 +0.6
DSI iShares MSCI KLD 400 Social ETF 50.6 25 -22 5.1 -0.4
AFLG First Trust Active Factor Large Cap ETF 50.1 55 -52 5.5 +0.0
WOMN Impact Shares YWCA Women's Empowerment ETF 50.0 75 -72 4.4 -1.0
IWY iShares Russell Top 200 Growth ETF 49.5 20 -17 4.0 -1.5
QWLD SPDR MSCI World StrategicFactors ETF 49.0 30 -27 6.1 +0.7
DGRO iShares Core Dividend Growth ETF 48.9 8 -5 6.7 +1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 48.7 9 -6 5.9 +0.5
KRMA Global X Conscious Companies ETF 48.2 43 -40 5.1 -0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 48.0 75 -72 3.7 -1.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 47.6 49 -46 4.0 -1.5
HIPR Direxion High Growth ETF 47.6 40 -37 2.8 -2.7
SUSL iShares ESG MSCI USA Leaders ETF 47.5 10 -7 5.3 -0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 47.5 10 -7 5.2 -0.2
RSP Invesco S&P 500 Equal Weight ETF 47.4 20 -17 6.8 +1.3
VONV Vanguard Russell 1000 Value Index Fund 46.6 8 -5 7.3 +1.9
MGK Vanguard Mega Cap Growth ETF 46.6 7 -4 4.0 -1.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 46.3 9 -6 5.9 +0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.1 19 -16 5.6 +0.1

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 16.1 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 3 bp
Equals: ALTAR Score 5.5 %
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.