SPDR MFS Systematic Value Equity ETF
ALTAR
Score™
7.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.6x P/Sales
ratio
1.0x
P/BV
ratio
1.6x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR MFS Systematic Value Equity ETF is an open-end fund 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) $21
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 55
Wgt avg mkt cap (mns) $123,622
Large cap (>$10bn) 79.1%
Mid cap ($2-10bn) 20.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 5.1 %
INTEL CORP 4.3 %
EATON CORP PLC 3.6 %
CITIGROUP INC 3.6 %
TARGET CORP 3.5 %
BANK OF AMERICA CORP 3.2 %
EXELON CORP 2.9 %
TOLL BROTHERS INC 2.6 %
CHARTER COMMUNICATIONS, INC. CLASS 2.6 %
MCKESSON CORP 2.5 %
Total 33.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.3 %
IRELAND 4.9 %
BERMUDA 0.9 %








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.
-16.2% -7.9% 4.8% -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.07 92%
MSCI EAFE 1.10 86%
MSCI Emg. Mkts. 0.78 67%

Technical Indicators
Recent close $59.44
30d moving avg. $60.61
Annualized volatility 18.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.1%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.9%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $38,418

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SYV Expense: 60 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SYV
Ticker Fund
Name
Overlap1
vs SYV
(%)
Expense
ratio
(bp)
Savings
vs SYV
(bp)
ALTAR
Score™
(%)
ALTAR
vs SYV
(%)
SYE SPDR MFS Systematic Core Equity ETF 41.0 60 0 5.6 -2.0
REVS Columbia Research Enhanced Value ETF 31.9 19 41 7.8 +0.3
MGV Vanguard Mega Cap Value ETF 28.8 7 53 7.3 -0.2
JKF iShares Morningstar Large Cap Value ETF 28.2 25 35 7.6 +0.1
PWV Invesco Dynamic Large Cap Value ETF 28.1 55 5 8.9 +1.4
QLC FlexShares US Quality Large Cap Index Fund 27.2 32 28 5.4 -2.2
RAFE PIMCO RAFI ESG U.S. ETF 26.4 29 31 7.8 +0.3
VTV Vanguard Value Index Fund 26.0 4 56 7.5 -0.1
FCPI Fidelity Stocks for Inflation ETF 25.3 29 31 7.0 -0.6
IWX iShares Russell Top 200 Value ETF 25.2 20 40 7.2 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 24.9 4 56 7.2 -0.3
DIVB iShares U.S. Dividend & Buyback ETF 24.1 25 35 6.6 -0.9
SPVU Invesco S&P 500 Enhanced Value ETF 23.6 13 47 11.6 +4.1
EQWL Invesco Russell Top 200 Equal Weight ETF 23.5 25 35 6.1 -1.4
SYG SPDR MFS Systematic Growth Equity ETF 23.2 60 0 4.3 -3.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 23.2 75 -15 6.2 -1.3
VOOV Vanguard S&P 500 Value ETF 22.9 15 45 7.4 -0.1
VYM Vanguard High Dividend Yield Index ETF 22.7 6 54 7.4 -0.1
DGRO iShares Core Dividend Growth ETF 22.7 8 52 6.7 -0.9
SPYV SPDR Portfolio S&P 500 Value ETF 22.6 4 56 7.5 -0.1
IVE iShares S&P 500 Value ETF 22.6 18 42 7.3 -0.2
PKW Invesco Buyback Achievers ETF 22.5 62 -2 6.8 -0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 22.4 28 32 6.4 -1.1
QDF FlexShares Quality Dividend Index Fund 22.2 37 23 6.1 -1.4
FVAL Fidelity Value Factor ETF 21.9 29 31 8.0 +0.5
VONV Vanguard Russell 1000 Value Index Fund 21.9 8 52 7.4 -0.2
IUSV iShares Core S&P U.S. Value ETF 21.7 4 56 7.6 +0.0
VETS Pacer Military Times Best Employers ETF 21.7 60 0 7.0 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 21.5 8 52 6.5 -1.0
USDY Pacific Global US Equity Income ETF 21.5 29 31 7.3 -0.2
DTD WisdomTree U.S.Total Dividend Fund 21.2 28 32 6.7 -0.8
RECS Columbia Research Enhanced Core ETF 21.2 15 45 5.7 -1.9
QDEF FlexShares Quality Dividend Defensive Index Fund 21.2 37 23 5.9 -1.7
STLV iShares Factors US Value Style ETF 21.0 25 35 7.9 +0.4
OUSA O'Shares FTSE US Quality Dividend ETF 20.9 48 12 5.7 -1.8
JVAL JPMorgan U.S. Value Factor ETF 20.8 12 48 8.8 +1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 20.7 25 35 6.6 -1.0
PRF Invesco FTSE RAFI US 1000 ETF 20.7 39 21 6.9 -0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 20.5 12 48 4.8 -2.8
RWL Invesco S&P 500 Revenue ETF 20.1 39 21 7.3 -0.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 19.9 52 8 5.0 -2.5
SPHQ Invesco S&P 500 Quality ETF 19.7 15 45 4.6 -2.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 19.6 25 35 6.6 -0.9
IWD iShares Russell 1000 Value ETF 19.6 19 41 7.2 -0.3
VLU SPDR S&P 1500 Value Tilt ETF 19.2 12 48 7.5 +0.0
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 19.1 35 25 6.7 -0.8
VALQ American Century STOXX U.S. Quality Value ETF 19.0 29 31 9.2 +1.7
FDRR Fidelity Dividend ETF for Rising Rates 19.0 29 31 7.0 -0.5
OEF iShares S&P 100 ETF 18.6 20 40 4.8 -2.8
QUS SPDR MSCI USA StrategicFactors ETF 18.5 15 45 5.9 -1.7
XLG Invesco S&P 500 Top 50 ETF 18.3 20 40 4.4 -3.1
LRGF iShares Edge MSCI Multifactor USA ETF 18.3 20 40 7.4 -0.1
TTFS AdvisorShares Wilshire Buyback ETF 18.1 91 -31 6.2 -1.4
PFM Invesco Dividend Achievers ETF 17.9 54 6 5.5 -2.0
SPVM Invesco S&P 500 Value with Momentum ETF 17.9 39 21 9.2 +1.7
IEFN iShares Evolved U.S. Financials ETF 17.8 18 42 9.4 +1.9
VLUE iShares Edge MSCI USA Value Factor ETF 17.7 15 45 11.5 +4.0
BVAL Brand Value ETF 17.7 65 -5 6.1 -1.4
HLAL Wahed FTSE USA Shariah ETF 17.6 50 10 4.6 -2.9
ROUS Hartford Multifactor US Equity ETF 17.5 19 41 7.4 -0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 17.3 19 41 5.7 -1.9
FDVV Fidelity Core Dividend ETF 17.3 29 31 7.2 -0.3
QDYN FlexShares Quality Dividend Dynamic Index Fund 17.3 37 23 6.2 -1.3
IUS Invesco Strategic US ETF 17.1 19 41 6.7 -0.8
IWL iShares Russell Top 200 ETF 17.1 15 45 5.0 -2.5
BKLC BNY Mellon US Large Cap Core Equity ETF 17.1 0 60 5.2 -2.3
MGC Vanguard Mega Cap Index Fund 17.0 7 53 5.2 -2.3
AFLG First Trust Active Factor Large Cap ETF 16.8 55 5 5.6 -2.0
EDOW First Trust Dow 30 Equal Weight ETF 16.7 50 10 6.0 -1.5
CLRG IQ Chaikin U.S. Large Cap ETF 16.5 25 35 6.1 -1.4
FMK First Trust Mega Cap AlphaDEX Fund 16.3 70 -10 5.2 -2.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 16.3 30 30 6.6 -1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 16.2 20 40 5.0 -2.6
SPXT ProShares S&P 500 Ex-Technology ETF 16.1 27 33 5.7 -1.9
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 16.0 49 11 4.9 -2.7
NACP Impact Shares NAACP Minority Empowerment ETF 16.0 75 -15 4.5 -3.0
FDLO Fidelity Low Volatility Factor ETF 15.9 29 31 5.2 -2.4
PBP Invesco S&P 500 BuyWrite ETF 15.8 49 11 5.0 -2.5
QLV FlexShares US Quality Low Volatility Index Fund 15.8 22 38 4.9 -2.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 15.8 28 32 6.5 -1.0
FTA First Trust Large Cap Value AlphaDEX Fund 15.8 60 0 9.4 +1.9
JQUA JPMorgan U.S. Quality Factor ETF 15.7 12 48 5.3 -2.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 15.7 49 11 4.1 -3.5
YLDE ClearBridge Dividend Strategy ESG ETF 15.7 60 0 5.0 -2.5
HSPX Global X S&P 500 Covered Call ETF 15.6 65 -5 4.9 -2.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 15.6 29 31 6.3 -1.2
VOO VANGUARD S&P 500 ETF 15.6 3 57 5.4 -2.1
MOAT VanEck Vectors Morningstar Wide Moat ETF 15.6 49 11 6.4 -1.1
FLLV Franklin Liberty U.S. Low Volatility ETF 15.5 29 31 5.9 -1.7
SPY SPDR S&P 500 ETF Trust 15.5 9 51 5.4 -2.2
SPLG SPDR Portfolio Large Cap ETF 15.5 3 57 5.4 -2.1
IVV iShares Core S&P 500 ETF 15.5 4 56 5.4 -2.1
ESG FlexShares STOXX US ESG Impact Index Fund 15.5 32 28 5.1 -2.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 15.4 15 45 4.1 -3.4
XLF Financial Select Sector SPDR Fund 15.4 13 47 8.3 +0.7
DVY iShares Select Dividend ETF 15.4 39 21 9.7 +2.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 15.2 7 53 5.2 -2.3
NULV Nuveen ESG Large-Cap Value ETF 15.2 35 25 7.4 -0.1
VV Vanguard Large-Cap Index Fund 15.2 4 56 5.3 -2.3
JHMH John Hancock Multifactor Healthcare ETF 15.1 40 20 6.1 -1.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Value Equity ETF
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 12.4 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.