SPDR Portfolio Total Stock Market ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.4x P/Sales
ratio
2.5x
P/BV
ratio
3.4x Div.
yield
1.6%


  • 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) $3,909
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) $413,138
Large cap (>$10bn) 90.9%
Mid cap ($2-10bn) 7.3%
Small cap (<$2bn) 1.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.8 %
MICROSOFT CORP 4.9 %
AMAZON.COM INC 4.1 %
FACEBOOK 2.0 %
ALPHABET INC. CLASS A 1.6 %
ALPHABET INC. CLASS C 1.6 %
BERKSHIRE HATHAWAY INC-CL B 1.4 %
JOHNSON & JOHNSON 1.2 %
JPMORGAN CHASE & CO 1.1 %
PROCTER & GAMBLE CO/THE 1.1 %
Total 24.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 1.6 %
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 October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.7% 8.5% 11.2% 12.6% 6.8%

Market Correlations
versus... Beta R-squared
S&P500 1.01 100%
MSCI EAFE 1.04 86%
MSCI Emg. Mkts. 0.74 68%

Technical Indicators
Recent close $43.73
30d moving avg. $42.51
Annualized volatility 18.1%
Short interest (ETF) 0.2%
Short interest (Underlying) 3.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 474
Turnover 0.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $204,921

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™: 5.2%


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
(%)
SCHK Schwab 1000 Index ETF 92.0 5 -2 4.9 -0.3
VTHR Vanguard Russell 3000 Index Fund 92.0 10 -7 4.7 -0.5
SCHX Schwab U.S. Large-Cap ETF 91.9 3 0 4.9 -0.3
IWB iShares Russell 1000 ETF 91.5 15 -12 4.8 -0.4
SPLG SPDR Portfolio Large Cap ETF 91.3 3 0 5.1 -0.1
SPY SPDR S&P 500 ETF Trust 91.3 9 -6 5.0 -0.1
IVV iShares Core S&P 500 ETF 91.3 3 0 5.1 -0.1
PBP Invesco S&P 500 BuyWrite ETF 91.3 49 -46 4.7 -0.5
IYY iShares Dow Jones U.S. ETF 91.3 20 -17 4.7 -0.4
VOO VANGUARD S&P 500 ETF 91.3 3 0 5.1 -0.1
HSPX Global X S&P 500 Covered Call ETF 91.3 60 -57 4.6 -0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 91.0 2 1 4.9 -0.2
PBUS Invesco PureBeta MSCI USA ETF 90.8 4 -1 4.9 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 90.8 60 -57 4.7 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 89.7 20 -17 5.0 -0.1
SCHB Schwab U.S. Broad Market ETF 89.4 3 0 4.8 -0.4
IWV iShares Russell 3000 ETF 89.3 20 -17 4.6 -0.5
VV Vanguard Large-Cap Index Fund 89.3 4 -1 4.9 -0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 89.1 7 -4 4.9 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 88.9 3 0 4.8 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 88.6 27 -24 5.0 -0.2
VTI Vanguard Total Stock Market Index Fund 86.2 3 0 4.8 -0.4
ESGV Vanguard ESG U.S. Stock ETF 83.4 12 -9 4.8 -0.4
VONE Vanguard Russell 1000 ETF 83.3 8 -5 4.9 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 78.9 27 -24 4.7 -0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 78.1 27 -24 4.7 -0.5
CATH Global X S&P 500 Catholic Values Custom ETF 78.1 29 -26 4.8 -0.4
MGC Vanguard Mega Cap Index Fund 77.1 7 -4 4.9 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 76.6 20 -17 4.7 -0.5
ESGU iShares MSCI USA ESG Optimized ETF 76.3 15 -12 4.8 -0.4
SFY SoFi Select 500 ETF 75.5 0 3 4.8 -0.3
IWL iShares Russell Top 200 ETF 74.7 15 -12 4.7 -0.5
JHML John Hancock Multifactor Large Cap ETF 74.2 29 -26 5.2 -0.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 73.9 12 -9 4.2 -1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 73.5 0 3 4.9 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 71.4 8 -5 6.1 +0.9
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 71.1 25 -22 5.8 +0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 70.9 9 -6 5.3 +0.1
IUSG iShares Core S&P US Growth ETF 69.4 4 -1 4.2 -1.0
AVUS Avantis U.S. Equity ETF 69.3 15 -12 5.2 +0.1
SNPE Xtrackers S&P 500 ESG ETF 67.9 10 -7 4.8 -0.4
EFIV SPDR S&P 500 ESG ETF 67.9 10 -7 4.8 -0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 67.8 25 -22 6.2 +1.0
PRF Invesco FTSE RAFI US 1000 ETF 67.0 39 -36 6.3 +1.1
VOOG Vanguard S&P 500 Growth ETF 66.6 10 -7 4.2 -1.0
TOK iShares MSCI Kokusai ETF 66.3 25 -22 5.2 +0.0
KOKU Xtrackers MSCI Kokusai Equity ETF 66.3 9 -6 5.3 +0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 66.2 25 -22 6.2 +1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 66.2 4 -1 4.2 -1.0
IVW iShares S&P 500 Growth ETF 66.2 18 -15 4.1 -1.1
SPXT ProShares S&P 500 Ex-Technology ETF 65.8 27 -24 5.3 +0.1
IQSU IQ Candriam ESG US Equity ETF 65.8 9 -6 4.8 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 64.3 15 -12 5.5 +0.4
VLU SPDR S&P 1500 Value Tilt ETF 62.3 12 -9 6.7 +1.5
URTH iShares MSCI World ETF 61.3 24 -21 5.3 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 61.0 60 -57 3.9 -1.3
IUS Invesco Strategic US ETF 60.5 19 -16 5.9 +0.7
OEF iShares S&P 100 ETF 60.1 20 -17 4.6 -0.6
ESG FlexShares STOXX US ESG Impact Index Fund 59.7 32 -29 4.8 -0.4
DIVB iShares U.S. Dividend & Buyback ETF 58.9 25 -22 6.4 +1.2
DTD WisdomTree U.S.Total Dividend Fund 58.6 28 -25 6.3 +1.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 57.4 30 -27 6.2 +1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 57.0 29 -26 5.3 +0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 56.3 15 -12 6.0 +0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 56.0 28 -25 6.1 +0.9
RWL Invesco S&P 500 Revenue ETF 55.7 39 -36 6.7 +1.5
IUSV iShares Core S&P U.S. Value ETF 55.3 4 -1 7.0 +1.8
VONV Vanguard Russell 1000 Value Index Fund 55.1 8 -5 6.6 +1.4
IWD iShares Russell 1000 Value ETF 55.0 19 -16 6.4 +1.2
IWF iShares Russell 1000 Growth ETF 54.0 19 -16 3.7 -1.5
VONG Vanguard Russell 1000 Growth Index Fund 53.8 8 -5 3.8 -1.4
ACWI iShares MSCI ACWI ETF 53.3 32 -29 5.5 +0.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 52.4 20 -17 5.7 +0.5
SCHV Schwab U.S. Large-Cap Value ETF 52.3 4 -1 6.4 +1.2
VOOV Vanguard S&P 500 Value ETF 52.3 10 -7 6.9 +1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 52.2 20 -17 5.7 +0.5
SPYV SPDR Portfolio S&P 500 Value ETF 52.0 4 -1 6.9 +1.8
IVE iShares S&P 500 Value ETF 52.0 18 -15 6.8 +1.6
EXT WisdomTree U.S. Total Earnings Fund 51.5 28 -25 5.3 +0.1
AFLG First Trust Active Factor Large Cap ETF 50.6 55 -52 5.0 -0.2
VT Vanguard Total World Stock Index Fund 50.3 8 -5 5.7 +0.5
KRMA Global X Conscious Companies ETF 50.2 43 -40 4.9 -0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 49.7 42 -39 4.9 -0.3
VUG Vanguard Growth Index Fund 49.7 4 -1 3.7 -1.4
DSI iShares MSCI KLD 400 Social ETF 49.6 25 -22 4.9 -0.3
NACP Impact Shares NAACP Minority Empowerment ETF 49.5 75 -72 4.6 -0.6
XLG Invesco S&P 500 Top 50 ETF 49.2 20 -17 4.3 -0.8
QWLD SPDR MSCI World StrategicFactors ETF 48.9 30 -27 5.7 +0.5
RECS Columbia Research Enhanced Core ETF 48.9 15 -12 5.4 +0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 48.2 9 -6 5.4 +0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 48.0 75 -72 3.9 -1.3
IWY iShares Russell Top 200 Growth ETF 48.0 20 -17 3.8 -1.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.8 19 -16 5.6 +0.5
DGRO iShares Core Dividend Growth ETF 47.6 8 -5 6.3 +1.2
RSP Invesco S&P 500 Equal Weight ETF 46.9 20 -17 6.0 +0.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 46.3 10 -7 5.0 -0.2
SUSL iShares ESG MSCI USA Leaders ETF 46.3 10 -7 5.0 -0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 46.1 9 -6 5.5 +0.4
VEGN US Vegan Climate ETF 46.0 60 -57 4.8 -0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 45.7 49 -46 3.9 -1.2

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 16.3 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 3 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.