SPDR MFS Systematic Core Equity ETF
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.3x P/Sales
ratio
1.7x
P/BV
ratio
2.9x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR MFS Systematic Core Equity ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to achieve capital appreciation.

FUND BASICS
Category US Equities
Fund Sponsor SSgA Funds Management
Website www.spdrs.com
Inception date Jan 08, 2014
Assets (mns) $24
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Proprietary
Index replication Not Applicable
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $479,112
Large cap (>$10bn) 91.3%
Mid cap ($2-10bn) 8.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 9.6 %
MICROSOFT CORP 9.5 %
JOHNSON & JOHNSON 4.2 %
INTEL CORP 4.0 %
ALPHABET INC. CLASS C 3.7 %
ORACLE CORP 3.1 %
CHARTER COMMUNICATIONS, INC. CLASS 3.0 %
PHILIP MORRIS INTERNATIONAL 2.9 %
CITIGROUP INC 2.9 %
CVS CAREMARK CORP 2.7 %
Total 45.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










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.
-7.6% 2.7% 9.2% -- 11.1%

Market Correlations
versus... Beta R-squared
S&P500 1.06 97%
MSCI EAFE 1.04 82%
MSCI Emg. Mkts. 0.76 68%

Technical Indicators
Recent close $82.58
30d moving avg. $82.01
Annualized volatility 18.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.5%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $69,871

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the SPDR MFS Systematic Core Equity ETF ETF based on the alternatives' overlap in portfolio holdings with SYE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SYE Expense: 60 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SYE
Ticker Fund
Name
Overlap1
vs SYE
(%)
Expense
ratio
(bp)
Savings
vs SYE
(bp)
ALTAR
Score™
(%)
ALTAR
vs SYE
(%)
SYG SPDR MFS Systematic Growth Equity ETF 61.8 60 0 4.3 -1.3
SYV SPDR MFS Systematic Value Equity ETF 41.2 60 0 7.5 +1.9
XLG Invesco S&P 500 Top 50 ETF 39.7 20 40 4.5 -1.1
OEF iShares S&P 100 ETF 38.8 20 40 4.8 -0.8
NUSI Nationwide Risk-Managed Income ETF 38.8 68 -8 3.5 -2.2
QYLD Global X NASDAQ 100 Covered Call ETF 38.7 60 0 3.5 -2.2
QQQ Invesco QQQ Trust 38.4 20 40 3.9 -1.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 37.7 49 11 4.1 -1.6
VOOG Vanguard S&P 500 Growth ETF 37.4 10 50 4.3 -1.4
TMFC Motley Fool 100 Index ETF 37.4 50 10 3.8 -1.9
SPYG SPDR Portfolio S&P 500 Growth ETF 37.3 4 56 4.4 -1.3
IVW iShares S&P 500 Growth ETF 37.3 18 42 4.2 -1.5
IWY iShares Russell Top 200 Growth ETF 36.8 20 40 4.2 -1.5
QLC FlexShares US Quality Large Cap Index Fund 36.8 32 28 5.4 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 36.4 12 48 5.0 -0.7
IUSG iShares Core S&P US Growth ETF 36.4 4 56 4.4 -1.3
RECS Columbia Research Enhanced Core ETF 35.8 15 45 5.7 +0.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 35.5 21 39 3.0 -2.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 35.3 60 0 4.4 -1.2
IWF iShares Russell 1000 Growth ETF 34.8 19 41 4.2 -1.5
VONG Vanguard Russell 1000 Growth Index Fund 34.5 8 52 4.3 -1.4
IWL iShares Russell Top 200 ETF 34.5 15 45 5.1 -0.6
IOO iShares Global 100 ETF 34.3 40 20 4.7 -0.9
IETC iShares Evolved U.S. Technology ETF 34.0 18 42 3.8 -1.8
IQSU IQ Candriam ESG US Equity ETF 33.9 9 51 5.1 -0.5
NACP Impact Shares NAACP Minority Empowerment ETF 33.9 75 -15 4.6 -1.1
FVAL Fidelity Value Factor ETF 33.8 29 31 8.1 +2.5
IGM iShares Expanded Tech Sector ETF 33.8 46 14 3.8 -1.8
STLG iShares Factors US Growth Style ETF 33.6 25 35 3.7 -2.0
BKLC BNY Mellon US Large Cap Core Equity ETF 33.5 0 60 5.3 -0.4
SCHG Schwab U.S. Large-Cap Growth ETF 33.1 4 56 4.2 -1.5
MGK Vanguard Mega Cap Growth ETF 33.0 7 53 4.2 -1.5
MGC Vanguard Mega Cap Index Fund 32.8 7 53 5.3 -0.4
VUG Vanguard Growth Index Fund 32.8 4 56 4.1 -1.6
SPXN ProShares S&P 500 Ex-Financials ETF 32.5 27 33 5.0 -0.7
IYW iShares U.S. Technology ETF 32.5 42 18 4.0 -1.6
SNPE Xtrackers S&P 500 ESG ETF 32.0 11 49 5.2 -0.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 31.6 15 45 4.2 -1.5
ESG FlexShares STOXX US ESG Impact Index Fund 31.0 32 28 5.1 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 30.7 27 33 5.4 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 30.6 20 40 5.4 -0.3
PBP Invesco S&P 500 BuyWrite ETF 30.4 49 11 5.0 -0.6
VOO VANGUARD S&P 500 ETF 30.3 3 57 5.5 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 30.3 20 40 5.0 -0.7
HIPR Direxion High Growth ETF 30.2 40 20 2.9 -2.8
SPY SPDR S&P 500 ETF Trust 30.1 9 51 5.4 -0.3
SPLG SPDR Portfolio Large Cap ETF 30.1 3 57 5.5 -0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 30.1 19 41 5.7 +0.0
IVV iShares Core S&P 500 ETF 30.1 4 56 5.5 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 30.0 27 33 5.1 -0.6
HSPX Global X S&P 500 Covered Call ETF 29.8 65 -5 4.9 -0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 29.8 7 53 5.3 -0.4
ACIO Aptus Collared Income Opportunity ETF 29.4 79 -19 4.4 -1.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 29.4 52 8 5.1 -0.6
VV Vanguard Large-Cap Index Fund 29.1 4 56 5.3 -0.4
ESGU iShares MSCI USA ESG Optimized ETF 29.0 15 45 5.2 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 28.9 2 58 5.4 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 28.9 29 31 5.3 -0.4
FQAL Fidelity Quality Factor ETF 28.7 29 31 5.5 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.7 9 51 5.6 -0.1
EPS WisdomTree U.S. Earnings 500 Fund 28.7 8 52 6.5 +0.9
PBUS Invesco PureBeta MSCI USA ETF 28.6 4 56 5.3 -0.3
ESGV Vanguard ESG U.S. Stock ETF 28.2 12 48 5.2 -0.4
WOMN Impact Shares YWCA Women's Empowerment ETF 28.2 75 -15 4.6 -1.1
SCHX Schwab U.S. Large-Cap ETF 28.1 3 57 5.3 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 28.0 15 45 6.3 +0.6
SPTM SPDR Portfolio Total Stock Market ETF 28.0 3 57 5.6 -0.1
IWB iShares Russell 1000 ETF 27.7 15 45 5.2 -0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 27.6 12 48 4.9 -0.8
VONE Vanguard Russell 1000 ETF 27.6 8 52 5.3 -0.4
SPHQ Invesco S&P 500 Quality ETF 27.5 15 45 4.7 -1.0
QDF FlexShares Quality Dividend Index Fund 27.5 37 23 6.2 +0.5
DIVB iShares U.S. Dividend & Buyback ETF 27.4 25 35 6.7 +1.0
EXT WisdomTree U.S. Total Earnings Fund 27.4 28 32 5.3 -0.4
SCHK Schwab 1000 Index ETF 27.3 5 55 5.3 -0.3
IYY iShares Dow Jones U.S. ETF 27.1 20 40 5.2 -0.5
AFLG First Trust Active Factor Large Cap ETF 27.1 55 5 5.6 -0.1
FDRR Fidelity Dividend ETF for Rising Rates 27.0 29 31 7.0 +1.4
ADME Aptus Drawdown Managed Equity ETF 27.0 81 -21 3.6 -2.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 26.8 37 23 6.3 +0.6
SFY SoFi Select 500 ETF 26.7 0 60 5.3 -0.4
FCPI Fidelity Stocks for Inflation ETF 26.6 29 31 7.0 +1.3
XLK Technology Select Sector SPDR Fund 26.6 13 47 4.8 -0.9
IWV iShares Russell 3000 ETF 26.3 20 40 5.1 -0.6
VTHR Vanguard Russell 3000 Index Fund 26.3 10 50 5.2 -0.5
SCHB Schwab U.S. Broad Market ETF 26.1 3 57 5.3 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.0 3 57 5.2 -0.5
VTI Vanguard Total Stock Market Index Fund 26.0 3 57 5.2 -0.5
FTEC Fidelity MSCI Information Technology Index ETF 25.9 8 52 4.6 -1.1
SPMO Invesco S&P 500 Momentum ETF 25.9 13 47 4.4 -1.2
VGT Vanguard Information Technology Index Fund 25.8 10 50 4.6 -1.1
FTHI First Trust High Income ETF 25.6 85 -25 5.0 -0.6
IXN iShares Global Tech ETF 25.4 46 14 4.5 -1.1
RFFC RiverFront Dynamic US Flex-Cap ETF 25.4 52 8 4.7 -0.9
FTLB First Trust Hedged BuyWrite Income ETF 25.3 85 -25 5.0 -0.6
FDMO Fidelity Momentum Factor ETF 25.2 29 31 3.9 -1.8
DSI iShares MSCI KLD 400 Social ETF 25.1 25 35 5.2 -0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 25.0 75 -15 3.8 -1.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 24.9 10 50 5.3 -0.3
SUSL iShares ESG MSCI USA Leaders ETF 24.8 10 50 5.3 -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

  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 MFS Systematic Core Equity 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 17.1 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.