SPDR MFS Systematic Growth Equity ETF
ALTAR
Score™
4.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.5x P/Sales
ratio
2.9x
P/BV
ratio
5.7x Div.
yield
1.2%


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

FUND BASICS
Category US Equities
Fund Sponsor SSgA Funds Management
Website www.spdrs.com
Inception date Jan 08, 2014
Assets (mns) $38
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) $518,389
Large cap (>$10bn) 94.7%
Mid cap ($2-10bn) 5.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 9.9 %
APPLE INC 8.8 %
AMAZON.COM INC 6.3 %
PAYPAL HOLDINGS INC 3.7 %
ALPHABET INC. CLASS C 3.3 %
ORACLE CORP 3.2 %
FACEBOOK 3.1 %
ELI LILLY & CO 3.0 %
SERVICENOW INC 3.0 %
JOHNSON & JOHNSON 3.0 %
Total 47.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.2 %










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.
9.1% 17.1% 11.8% -- 13.7%

Market Correlations
versus... Beta R-squared
S&P500 1.04 91%
MSCI EAFE 1.00 72%
MSCI Emg. Mkts. 0.74 63%

Technical Indicators
Recent close $98.26
30d moving avg. $95.20
Annualized volatility 18.5%
Short interest (ETF) 1.3%
Short interest (Underlying) 3.6%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $79,146

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SYG Expense: 60 bp ALTAR Score™: 4.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SYG
Ticker Fund
Name
Overlap1
vs SYG
(%)
Expense
ratio
(bp)
Savings
vs SYG
(bp)
ALTAR
Score™
(%)
ALTAR
vs SYG
(%)
SYE SPDR MFS Systematic Core Equity ETF 61.8 60 0 5.7 +1.3
NUSI Nationwide Risk-Managed Income ETF 48.5 68 -8 3.5 -0.9
QYLD Global X NASDAQ 100 Covered Call ETF 48.4 60 0 3.5 -0.8
QQQ Invesco QQQ Trust 48.1 20 40 3.9 -0.5
TMFC Motley Fool 100 Index ETF 47.6 50 10 3.8 -0.5
IWY iShares Russell Top 200 Growth ETF 46.0 20 40 4.2 -0.2
IGM iShares Expanded Tech Sector ETF 45.0 46 14 3.8 -0.5
VOOG Vanguard S&P 500 Growth ETF 45.0 10 50 4.3 -0.0
IVW iShares S&P 500 Growth ETF 44.8 18 42 4.2 -0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 44.8 4 56 4.4 +0.0
XLG Invesco S&P 500 Top 50 ETF 44.4 20 40 4.5 +0.2
OEF iShares S&P 100 ETF 44.1 20 40 4.8 +0.5
IUSG iShares Core S&P US Growth ETF 43.7 4 56 4.4 +0.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 43.6 21 39 3.0 -1.4
IETC iShares Evolved U.S. Technology ETF 43.6 18 42 3.8 -0.5
MGK Vanguard Mega Cap Growth ETF 43.1 7 53 4.2 -0.2
IWF iShares Russell 1000 Growth ETF 42.6 19 41 4.2 -0.2
VONG Vanguard Russell 1000 Growth Index Fund 42.4 8 52 4.3 -0.1
SCHG Schwab U.S. Large-Cap Growth ETF 42.2 4 56 4.2 -0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 42.2 60 0 4.4 +0.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 41.5 15 45 4.2 -0.1
VUG Vanguard Growth Index Fund 41.4 4 56 4.1 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 41.3 12 48 5.0 +0.6
STLG iShares Factors US Growth Style ETF 40.6 25 35 3.7 -0.6
IQSU IQ Candriam ESG US Equity ETF 39.3 9 51 5.1 +0.8
IWL iShares Russell Top 200 ETF 39.0 15 45 5.1 +0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 38.6 49 11 4.1 -0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 37.7 0 60 5.3 +1.0
IYW iShares U.S. Technology ETF 37.4 42 18 4.0 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 36.9 27 33 5.0 +0.7
MGC Vanguard Mega Cap Index Fund 36.8 7 53 5.3 +1.0
QLC FlexShares US Quality Large Cap Index Fund 36.2 32 28 5.4 +1.1
SNPE Xtrackers S&P 500 ESG ETF 35.7 11 49 5.2 +0.8
JKE iShares Morningstar Large-Cap Growth ETF 35.5 25 35 2.9 -1.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 35.0 52 8 5.1 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 34.6 27 33 5.1 +0.7
ADME Aptus Drawdown Managed Equity ETF 34.3 81 -21 3.6 -0.7
RECS Columbia Research Enhanced Core ETF 34.2 15 45 5.7 +1.4
ESG FlexShares STOXX US ESG Impact Index Fund 34.2 32 28 5.1 +0.8
IOO iShares Global 100 ETF 34.1 40 20 4.7 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.1 20 40 5.0 +0.7
CATH Global X S&P 500 Catholic Values Custom ETF 33.9 29 31 5.3 +0.9
SPXE ProShares S&P 500 Ex-Energy ETF 33.9 27 33 5.4 +1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 33.8 20 40 5.4 +1.1
NACP Impact Shares NAACP Minority Empowerment ETF 33.7 75 -15 4.6 +0.3
PBP Invesco S&P 500 BuyWrite ETF 33.4 49 11 5.0 +0.7
VOO VANGUARD S&P 500 ETF 33.1 3 57 5.5 +1.1
XLK Technology Select Sector SPDR Fund 33.1 13 47 4.8 +0.4
SPY SPDR S&P 500 ETF Trust 33.1 9 51 5.4 +1.1
IVV iShares Core S&P 500 ETF 33.0 4 56 5.5 +1.1
SPLG SPDR Portfolio Large Cap ETF 33.0 3 57 5.5 +1.1
HSPX Global X S&P 500 Covered Call ETF 32.7 65 -5 4.9 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.6 7 53 5.3 +0.9
TECB iShares US Tech Breakthrough Multisector ETF 32.4 40 20 4.0 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 32.3 15 45 5.2 +0.8
FTEC Fidelity MSCI Information Technology Index ETF 32.2 8 52 4.6 +0.3
VGT Vanguard Information Technology Index Fund 32.2 10 50 4.6 +0.2
FVAL Fidelity Value Factor ETF 32.1 29 31 8.1 +3.8
WOMN Impact Shares YWCA Women's Empowerment ETF 32.1 75 -15 4.6 +0.3
FQAL Fidelity Quality Factor ETF 31.8 29 31 5.5 +1.2
VV Vanguard Large-Cap Index Fund 31.7 4 56 5.3 +1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 31.6 2 58 5.4 +1.0
IXN iShares Global Tech ETF 31.5 46 14 4.5 +0.2
HIPR Direxion High Growth ETF 31.3 40 20 2.9 -1.5
PBUS Invesco PureBeta MSCI USA ETF 31.2 4 56 5.3 +1.0
ESGV Vanguard ESG U.S. Stock ETF 31.0 12 48 5.2 +0.9
ACIO Aptus Collared Income Opportunity ETF 30.9 79 -19 4.4 +0.0
SCHX Schwab U.S. Large-Cap ETF 30.6 3 57 5.3 +1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 30.5 9 51 5.6 +1.3
SPTM SPDR Portfolio Total Stock Market ETF 30.4 3 57 5.6 +1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 30.3 12 48 4.9 +0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 30.2 15 45 6.3 +1.9
IWB iShares Russell 1000 ETF 29.9 15 45 5.2 +0.9
SFY SoFi Select 500 ETF 29.9 0 60 5.3 +1.0
VONE Vanguard Russell 1000 ETF 29.8 8 52 5.3 +1.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 29.8 75 -15 2.1 -2.3
AFLG First Trust Active Factor Large Cap ETF 29.8 55 5 5.6 +1.3
FDMO Fidelity Momentum Factor ETF 29.8 29 31 3.9 -0.5
LRGE ClearBridge Large Cap Growth ESG ETF 29.8 59 1 3.8 -0.5
SPMO Invesco S&P 500 Momentum ETF 29.7 13 47 4.4 +0.1
SCHK Schwab 1000 Index ETF 29.6 5 55 5.3 +1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.4 19 41 5.7 +1.4
IYY iShares Dow Jones U.S. ETF 29.3 20 40 5.2 +0.9
VEGN US Vegan Climate ETF 29.2 60 0 5.2 +0.9
CACG ClearBridge All Cap Growth ETF 29.1 54 6 4.4 +0.1
RFFC RiverFront Dynamic US Flex-Cap ETF 28.5 52 8 4.7 +0.4
IWV iShares Russell 3000 ETF 28.1 20 40 5.1 +0.8
DSI iShares MSCI KLD 400 Social ETF 28.1 25 35 5.2 +0.8
VTHR Vanguard Russell 3000 Index Fund 28.1 10 50 5.2 +0.9
SCHB Schwab U.S. Broad Market ETF 28.0 3 57 5.3 +1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 28.0 75 -15 3.8 -0.5
XNTK SPDR NYSE Technology ETF 28.0 35 25 3.7 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 27.9 3 57 5.2 +0.9
VTI Vanguard Total Stock Market Index Fund 27.8 3 57 5.2 +0.9
JHMT John Hancock Multifactor Technology ETF 27.5 40 20 5.0 +0.6
SPHQ Invesco S&P 500 Quality ETF 27.4 15 45 4.7 +0.3
PWB Invesco Dynamic Large Cap Growth ETF 27.1 55 5 3.4 -0.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 26.8 10 50 5.3 +1.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 26.8 42 18 5.5 +1.2
FDRR Fidelity Dividend ETF for Rising Rates 26.7 29 31 7.0 +2.7

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 Growth Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 25.2 %
Divided by: Fwd. P/BV 5.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.3 %
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.