SPDR MFS Systematic Growth Equity ETF
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.3x P/Sales
ratio
3.6x
P/BV
ratio
7.7x Div.
yield
0.9%


  • 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) $27
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) $585,060
Large cap (>$10bn) 96.1%
Mid cap ($2-10bn) 3.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 9.2 %
MICROSOFT CORP 8.0 %
AMAZON.COM INC 7.1 %
PAYPAL HOLDINGS INC 4.5 %
ALPHABET INC. CLASS C 4.3 %
FACEBOOK 4.0 %
NVIDIA CORP 3.9 %
ORACLE CORP 2.9 %
SERVICENOW INC 2.9 %
JOHNSON & JOHNSON 2.7 %
Total 49.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.9 %










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.
15.2% 23.7% 12.3% -- 13.9%

Market Correlations
versus... Beta R-squared
S&P500 1.05 91%
MSCI EAFE 1.05 75%
MSCI Emg. Mkts. 0.74 58%

Technical Indicators
Recent close $110.49
30d moving avg. $108.24
Annualized volatility 19.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.6%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.8%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $90,580

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™: 4.0%


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 58.3 60 0 5.3 +1.4
SPMO Invesco S&P 500 Momentum ETF 51.4 13 47 3.9 -0.1
QYLD Global X NASDAQ 100 Covered Call ETF 51.1 60 0 3.3 -0.7
NUSI Nationwide Risk-Managed Income ETF 50.9 68 -8 3.5 -0.5
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 50.8 60 0 3.3 -0.7
QQQM Invesco NASDAQ 100 ETF 50.5 15 45 3.7 -0.3
QQQ Invesco QQQ Trust 50.5 20 40 3.7 -0.3
IWY iShares Russell Top 200 Growth ETF 48.9 20 40 3.7 -0.3
TMFC Motley Fool 100 Index ETF 48.3 50 10 3.2 -0.8
IGM iShares Expanded Tech Sector ETF 48.2 46 14 3.5 -0.5
HIPR Direxion High Growth ETF 47.4 40 20 4.3 +0.3
MGK Vanguard Mega Cap Growth ETF 47.3 7 53 3.8 -0.2
IETC iShares Evolved U.S. Technology ETF 47.3 18 42 3.6 -0.4
SCHG Schwab U.S. Large-Cap Growth ETF 46.5 4 56 3.3 -0.7
IWF iShares Russell 1000 Growth ETF 46.5 19 41 3.6 -0.4
VOOG Vanguard S&P 500 Growth ETF 46.4 10 50 4.1 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 45.9 8 52 3.7 -0.3
XLG Invesco S&P 500 Top 50 ETF 45.7 20 40 4.2 +0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 45.5 4 56 4.1 +0.1
IVW iShares S&P 500 Growth ETF 45.5 18 42 4.0 +0.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 45.0 21 39 2.8 -1.2
OEF iShares S&P 100 ETF 44.6 20 40 4.5 +0.5
VUG Vanguard Growth Index Fund 44.4 4 56 3.7 -0.3
IUSG iShares Core S&P US Growth ETF 44.4 4 56 4.1 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 44.4 12 48 4.1 +0.1
MTUM iShares MSCI USA Momentum Factor ETF 43.8 15 45 4.0 0.0
STLG iShares Factors US Growth Style ETF 42.8 25 35 4.1 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 42.4 60 0 3.8 -0.2
IYW iShares U.S. Technology ETF 40.2 43 17 3.6 -0.3
IQSU IQ Candriam ESG US Equity ETF 39.6 9 51 4.7 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 39.3 49 11 3.9 -0.1
IWL iShares Russell Top 200 ETF 39.2 15 45 4.6 +0.6
TECB iShares US Tech Breakthrough Multisector ETF 39.0 40 20 3.8 -0.2
GBGR Global Beta Momentum-Growth ETF 38.9 29 31 5.1 +1.1
ESGV Vanguard ESG U.S. Stock ETF 38.9 12 48 4.7 +0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 38.7 0 60 4.7 +0.8
MGC Vanguard Mega Cap Index Fund 38.2 7 53 4.8 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 37.2 27 33 4.6 +0.6
EFIV SPDR S&P 500 ESG ETF 36.9 10 50 4.7 +0.7
SNPE Xtrackers S&P 500 ESG ETF 36.8 10 50 4.7 +0.7
JKE iShares Morningstar Large-Cap Growth ETF 36.7 25 35 2.8 -1.2
RECS Columbia Research Enhanced Core ETF 36.6 15 45 5.2 +1.3
FDMO Fidelity Momentum Factor ETF 35.7 29 31 3.1 -0.9
QLC FlexShares US Quality Large Cap Index Fund 35.5 32 28 4.8 +0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 34.3 27 33 4.6 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.1 20 40 4.6 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 33.9 29 31 4.7 +0.7
FTEC Fidelity MSCI Information Technology Index ETF 33.7 8 52 4.2 +0.2
PBP Invesco S&P 500 BuyWrite ETF 33.7 49 11 4.6 +0.7
ADME Aptus Drawdown Managed Equity ETF 33.6 79 -19 3.4 -0.6
ESG FlexShares STOXX US ESG Impact Index Fund 33.6 32 28 4.7 +0.7
VGT Vanguard Information Technology Index Fund 33.5 10 50 4.2 +0.2
HSPX Global X S&P 500 Covered Call ETF 33.5 60 0 4.6 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 33.5 27 33 4.9 +0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 33.3 20 40 4.9 +0.9
XLK Technology Select Sector SPDR Fund 33.3 13 47 4.5 +0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 33.1 7 53 4.8 +0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 32.9 60 0 4.6 +0.6
VEGN US Vegan Climate ETF 32.8 60 0 4.7 +0.7
SPY SPDR S&P 500 ETF Trust 32.6 9 51 4.9 +0.9
IVV iShares Core S&P 500 ETF 32.6 3 57 5.0 +1.0
SPLG SPDR Portfolio Large Cap ETF 32.6 3 57 5.0 +1.0
ESGU iShares MSCI USA ESG Optimized ETF 32.5 15 45 4.6 +0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.1 2 58 4.8 +0.8
VOO VANGUARD S&P 500 ETF 32.1 3 57 5.0 +1.0
PBUS Invesco PureBeta MSCI USA ETF 32.0 4 56 4.8 +0.8
SFY SoFi Select 500 ETF 31.6 0 60 4.7 +0.7
VV Vanguard Large-Cap Index Fund 31.5 4 56 4.8 +0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 31.4 9 51 5.2 +1.2
IOO iShares Global 100 ETF 31.4 40 20 4.4 +0.4
IXN iShares Global Tech ETF 30.9 46 14 4.1 +0.1
SCHX Schwab U.S. Large-Cap ETF 30.8 3 57 4.8 +0.8
STLC iShares Factors US Blend Style ETF 30.8 25 35 4.9 +0.9
LRGE ClearBridge Large Cap Growth ESG ETF 30.8 59 1 3.5 -0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 30.7 15 45 5.8 +1.8
PWB Invesco Dynamic Large Cap Growth ETF 30.3 56 4 3.2 -0.8
IWB iShares Russell 1000 ETF 30.2 15 45 4.7 +0.7
NACP Impact Shares NAACP Minority Empowerment ETF 30.1 75 -15 4.5 +0.5
SCHK Schwab 1000 Index ETF 30.1 5 55 4.8 +0.8
SPQQ Siren Large Cap Blend Index ETF 30.0 20 40 4.4 +0.4
SFYF SoFi 50 ETF 30.0 29 31 1.0 -3.0
SPTM SPDR Portfolio Total Stock Market ETF 29.8 3 57 5.1 +1.1
IYY iShares Dow Jones U.S. ETF 29.8 20 40 4.6 +0.6
FVAL Fidelity Value Factor ETF 29.8 29 31 7.1 +3.2
VTHR Vanguard Russell 3000 Index Fund 29.2 10 50 4.6 +0.6
MMLG First Trust Multi-Manager Large Growth ETF 29.0 85 -25 2.0 -2.0
WOMN Impact Shares YWCA Women's Empowerment ETF 28.5 75 -15 3.7 -0.2
EXT WisdomTree U.S. Total Earnings Fund 28.5 28 32 5.2 +1.2
IWV iShares Russell 3000 ETF 28.3 20 40 4.5 +0.5
FLRG Fidelity U.S. Multifactor ETF 28.3 29 31 6.1 +2.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 28.3 19 41 5.5 +1.5
SCHB Schwab U.S. Broad Market ETF 28.3 3 57 4.7 +0.7
XNTK SPDR NYSE Technology ETF 28.1 35 25 3.2 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 28.1 3 57 4.6 +0.7
FQAL Fidelity Quality Factor ETF 28.0 29 31 5.1 +1.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 27.8 52 8 5.0 +1.0
VONE Vanguard Russell 1000 ETF 27.5 8 52 4.7 +0.8
DSI iShares MSCI KLD 400 Social ETF 27.3 25 35 4.7 +0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 27.3 12 48 4.5 +0.5
FDRR Fidelity Dividend ETF for Rising Rates 27.3 29 31 6.3 +2.3

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 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 29.0 %
Divided by: Fwd. P/BV 6.3 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.49
 
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.