SPDR S&P 1500 Value Tilt ETF
ALTAR
Score™
6.0% info Recommen-
dation
OVERWEIGHT
2021E    2022E
P/E
ratio
17.9x P/Sales
ratio
1.3x
P/BV
ratio
2.0x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR S&P 1500 Value Tilt ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that before fees and expenses, correspond generally to the price and yield performance of the S&P 1500 Low Valuation Tilt Index.

FUND BASICS
Category US Equities
Fund Sponsor SSgA Funds Management Inc
Website www.spdrs.com
Inception date Oct 24, 2012
Assets (mns) $85
Currency USD
Expense ratio 12 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1403
Wgt avg mkt cap (mns) $220,032
Large cap (>$10bn) 83.5%
Mid cap ($2-10bn) 13.7%
Small cap (<$2bn) 2.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 3.0 %
BERKSHIRE HATHAWAY INC-CL B 2.3 %
APPLE INC 2.2 %
WELLS FARGO & CO 1.9 %
BANK OF AMERICA CORP 1.9 %
JPMORGAN CHASE & CO 1.4 %
MORGAN STANLEY 1.4 %
AMAZON.COM INC 1.3 %
WAL-MART STORES INC 1.3 %
MICROSOFT CORP 1.0 %
Total 17.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 1.3 %
BRITAIN 1.0 %
SWITZERLAND 0.5 %
BERMUDA 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
9.2% 37.3% 15.3% -- 13.4%

Market Correlations
versus... Beta R-squared
S&P500 1.12 91%
MSCI EAFE 1.11 88%
MSCI Emg. Mkts. 0.88 69%

Technical Indicators
Recent close $132.46
30d moving avg. $128.96
Annualized volatility 21.7%
Short interest (ETF) 1.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.6%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $269,335

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the SPDR S&P 1500 Value Tilt ETF ETF based on the alternatives' overlap in portfolio holdings with VLU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VLU Expense: 12 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VLU
Ticker Fund
Name
Overlap1
vs VLU
(%)
Expense
ratio
(bp)
Savings
vs VLU
(bp)
ALTAR
Score™
(%)
ALTAR
vs VLU
(%)
PRF Invesco FTSE RAFI US 1000 ETF 77.1 39 -27 5.8 -0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 76.2 25 -13 5.6 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 73.7 25 -13 5.7 -0.3
RWL Invesco S&P 500 Revenue ETF 68.5 39 -27 6.1 +0.1
IUS Invesco Strategic US ETF 63.8 19 -7 5.3 -0.7
VOOV Vanguard S&P 500 Value ETF 63.6 10 2 6.3 +0.2
IUSV iShares Core S&P U.S. Value ETF 63.6 4 8 6.4 +0.3
VONV Vanguard Russell 1000 Value Index Fund 61.8 8 4 6.1 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 60.8 3 9 5.0 -1.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 60.6 25 -13 5.0 -1.0
AVUS Avantis U.S. Equity ETF 60.4 15 -3 5.1 -1.0
SPYV SPDR Portfolio S&P 500 Value ETF 60.0 4 8 6.3 +0.3
IVE iShares S&P 500 Value ETF 59.9 18 -6 6.2 +0.2
IWD iShares Russell 1000 Value ETF 59.7 19 -7 6.0 -0.0
DFAU Dimensional US Core Equity Market ETF 58.0 12 0 4.9 -1.2
JHML John Hancock Multifactor Large Cap ETF 57.9 29 -17 5.0 -1.0
VTHR Vanguard Russell 3000 Index Fund 57.7 10 2 4.6 -1.5
SCHB Schwab U.S. Broad Market ETF 57.6 3 9 4.6 -1.4
IWV iShares Russell 3000 ETF 57.5 20 -8 4.5 -1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 57.5 3 9 4.6 -1.4
ESGV Vanguard ESG U.S. Stock ETF 57.1 12 0 4.7 -1.3
XYLG Global X S&P 500 Covered Call & Growth ETF 56.8 60 -48 4.4 -1.6
PBP Invesco S&P 500 BuyWrite ETF 56.8 49 -37 4.5 -1.5
VTI Vanguard Total Stock Market Index Fund 56.7 3 9 4.6 -1.5
DIVB iShares U.S. Dividend & Buyback ETF 56.6 25 -13 6.0 +0.0
SPLG SPDR Portfolio Large Cap ETF 56.6 3 9 5.0 -1.1
SPY SPDR S&P 500 ETF Trust 56.6 9 3 4.9 -1.1
IYY iShares Dow Jones U.S. ETF 56.5 20 -8 4.6 -1.4
IVV iShares Core S&P 500 ETF 56.5 3 9 4.9 -1.1
IWB iShares Russell 1000 ETF 56.1 15 -3 4.7 -1.4
SCHK Schwab 1000 Index ETF 56.1 5 7 4.7 -1.3
VOO VANGUARD S&P 500 ETF 56.1 3 9 4.9 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 55.6 8 4 6.2 +0.2
SCHX Schwab U.S. Large-Cap ETF 55.5 3 9 4.8 -1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 55.4 20 -8 4.9 -1.1
VONE Vanguard Russell 1000 ETF 55.1 8 4 4.7 -1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 54.6 2 10 4.8 -1.2
PBUS Invesco PureBeta MSCI USA ETF 54.4 4 8 4.8 -1.2
VTV Vanguard Value Index Fund 54.1 4 8 6.6 +0.6
VV Vanguard Large-Cap Index Fund 54.0 4 8 4.8 -1.3
SCHV Schwab U.S. Large-Cap Value ETF 53.9 4 8 6.2 +0.1
SPXE ProShares S&P 500 Ex-Energy ETF 53.9 27 -15 4.8 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 53.8 7 5 4.7 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 53.0 27 -15 5.1 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 52.3 27 -15 4.5 -1.5
SFY SoFi Select 500 ETF 51.6 0 12 4.8 -1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 51.3 30 -18 5.2 -0.8
CATH Global X S&P 500 Catholic Values Custom ETF 51.2 29 -17 4.7 -1.4
XVV iShares ESG Screened S&P 500 ETF 51.1 8 4 5.0 -1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 50.7 20 -8 4.8 -1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 50.4 30 -18 5.5 -0.5
QUS SPDR MSCI USA StrategicFactors ETF 50.0 15 -3 5.5 -0.6
RSP Invesco S&P 500 Equal Weight ETF 49.4 20 -8 5.4 -0.6
MGC Vanguard Mega Cap Index Fund 47.8 7 5 4.8 -1.2
ESGU iShares MSCI USA ESG Optimized ETF 47.4 15 -3 4.7 -1.3
SPXN ProShares S&P 500 Ex-Financials ETF 46.7 27 -15 4.5 -1.5
TOK iShares MSCI Kokusai ETF 46.6 25 -13 5.0 -1.0
VFVA Vanguard U.S. Value Factor ETF 46.6 14 -2 8.3 +2.3
KOKU Xtrackers MSCI Kokusai Equity ETF 46.5 9 3 5.2 -0.8
ACVF American Conservative Values ETF 46.4 75 -63 4.4 -1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 45.9 9 3 5.1 -0.9
IWL iShares Russell Top 200 ETF 45.6 15 -3 4.7 -1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 45.5 12 0 4.2 -1.8
DTD WisdomTree U.S.Total Dividend Fund 45.4 28 -16 6.5 +0.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 45.3 15 -3 5.0 -1.1
URTH iShares MSCI World ETF 44.7 24 -12 5.1 -0.9
SNPE Xtrackers S&P 500 ESG ETF 44.7 10 2 4.9 -1.1
EFIV SPDR S&P 500 ESG ETF 44.6 10 2 4.9 -1.1
MGV Vanguard Mega Cap Value ETF 44.6 7 5 6.6 +0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 44.5 0 12 4.8 -1.3
IWX iShares Russell Top 200 Value ETF 44.5 20 -8 6.2 +0.2
EUSA iShares MSCI USA Equal Weighted ETF 44.3 15 -3 5.1 -0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 43.7 9 3 5.2 -0.8
SIZE iShares MSCI USA Size Factor ETF 43.4 15 -3 5.1 -0.9
ESG FlexShares STOXX US ESG Impact Index Fund 43.3 32 -20 4.8 -1.2
VYM Vanguard High Dividend Yield Index ETF 43.1 6 6 6.9 +0.9
JVAL JPMorgan U.S. Value Factor ETF 42.2 12 0 7.1 +1.1
EQWL Invesco Russell Top 200 Equal Weight ETF 42.0 25 -13 5.9 -0.2
VT Vanguard Total World Stock ETF 41.9 8 4 5.5 -0.5
RNLC Large Cap US Equity Select ETF 41.7 60 -48 5.3 -0.7
ACWI iShares MSCI ACWI ETF 41.1 32 -20 5.2 -0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 41.1 28 -16 6.4 +0.4
RAFE PIMCO RAFI ESG U.S. ETF 40.8 30 -18 6.8 +0.7
IQSU IQ Candriam ESG US Equity ETF 40.4 9 3 4.7 -1.3
OEF iShares S&P 100 ETF 40.2 20 -8 4.6 -1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 40.2 19 -7 5.3 -0.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 39.6 20 -8 5.4 -0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 39.6 20 -8 5.4 -0.6
EQAL Invesco Russell 1000 Equal Weight ETF 39.2 20 -8 5.1 -0.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 39.1 35 -23 5.3 -0.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 39.1 35 -23 5.2 -0.8
ROUS Hartford Multifactor US Equity ETF 39.1 19 -7 6.3 +0.2
DGRO iShares Core Dividend Growth ETF 38.7 8 4 6.4 +0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.7 15 -3 0.0 -6.0
FEX First Trust Large Cap Core AlphaDEX Fund 37.6 60 -48 5.0 -1.0
WOMN Impact Shares YWCA Women's Empowerment ETF 37.4 75 -63 4.5 -1.6

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
SPDR S&P 1500 Value Tilt 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 11.9 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.50
 
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.