SPDR Portfolio S&P 500 Value
ALTAR
Score™
6.9% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.2x P/Sales
ratio
1.6x
P/BV
ratio
2.3x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
streetTRACKS DJ Wilshire Large Cap Value ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the Dow Jones Wilshire Large Cap Value Index.

FUND BASICS
Category US Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Sep 29, 2000
Assets (mns) $4,478
Currency USD
Expense ratio 4 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 396
Wgt avg mkt cap (mns) $148,263
Large cap (>$10bn) 96.5%
Mid cap ($2-10bn) 3.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 3.5 %
EXXON MOBIL CORP 2.3 %
UNITEDHEALTH GROUP INC 2.2 %
BANK OF AMERICA CORP 2.2 %
AT&T INC 2.2 %
VERIZON COMMUNICATIONS INC 1.9 %
JOHNSON & JOHNSON 1.8 %
JPMORGAN CHASE & CO 1.8 %
PFIZER INC 1.8 %
CHEVRON CORP 1.7 %
Total 21.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.7 %
IRELAND 3.1 %
BRITAIN 1.2 %
SWITZERLAND 0.7 %
BERMUDA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
31.7% 31.7% 9.4% 12.0% 7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.02 92%
MSCI EAFE 0.96 67%
MSCI Emg. Mkts. 0.63 50%

Technical Indicators
Recent close $35.36
30d moving avg. $34.72
Annualized volatility 12.9%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.4%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 957
Turnover 0.8%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $83,857

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the SPDR Portfolio S&P 500 Value ETF based on the alternatives' overlap in portfolio holdings with SPYV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SPYV Expense: 4 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPYV
Ticker Fund
Name
Overlap1
vs SPYV
(%)
Expense
ratio
(bp)
Savings
vs SPYV
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPYV
(%)
IVE iShares S&P 500 Value 99.5 18 -14 6.8 -0.1
IUSV iShares Core U.S. Value 93.1 4 0 7.0 +0.1
VTV Vanguard Value ETF 76.1 4 0 6.9 -0.0
VONV Vanguard Russell 1000 Value 71.9 12 -8 6.7 -0.2
IWD iShares Russell 1000 Value 71.5 19 -15 6.6 -0.3
VOOV Vanguard S&P 500 Value 71.2 15 -11 6.7 -0.2
MGV Vanguard Mega Cap 300 Value 69.7 7 -3 6.8 -0.1
SCHV Schwab U.S. Large-Cap Value 68.8 4 0 6.6 -0.3
SPXT ProShares S&P 500 Ex-Technology 67.0 27 -23 5.6 -1.3
PRF Invesco FTSE-RAFI U.S. 1000 66.8 39 -35 6.3 -0.6
DLN WisdomTree Large Cap Dividend 66.1 28 -24 6.3 -0.6
FNDX Schwab Fundamental Large Cap 66.1 25 -21 6.2 -0.7
DTD WisdomTree Total Dividend 65.2 28 -24 6.4 -0.5
VLU SPDR S&P 1500 Value Tilt 63.4 12 -8 7.0 +0.1
PBP Invesco S&P 500 Buy/Write 62.9 49 -45 5.2 -1.7
EPS WisdomTree Earnings 500 62.6 8 -4 6.5 -0.4
FNDB Schwab Fundamental Broad Mkt 62.4 25 -21 6.2 -0.7
HSPX Global X S&P 500 Covered Call 61.7 65 -61 5.0 -1.9
OYLD Invesco Russell 1000 Yield Factor ETF 61.6 19 -15 6.8 -0.1
SPY S&P 500 SPDR 61.5 9 -5 5.5 -1.4

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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 S&P 500 Value
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 14.5 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.55
 
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.