SPDR S&P 1500 Value Tilt ETF
ALTAR
Score™
9.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
12.8x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
3.2%


  • 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 25, 2012
Assets (mns) $14
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 1379
Wgt avg mkt cap (mns) $189,003
Large cap (>$10bn) 84.9%
Mid cap ($2-10bn) 11.1%
Small cap (<$2bn) 4.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WAL-MART STORES INC 3.5 %
APPLE INC 3.4 %
BERKSHIRE HATHAWAY INC-CL B 2.5 %
AT&T INC 2.1 %
MICROSOFT CORP 1.9 %
JPMORGAN CHASE & CO 1.6 %
VERIZON COMMUNICATIONS INC 1.5 %
CVS CAREMARK CORP 1.5 %
BANK OF AMERICA CORP 1.4 %
AMAZON.COM INC 1.2 %
Total 20.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
IRELAND 1.8 %
BRITAIN 0.9 %
SWITZERLAND 0.5 %
BERMUDA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.7% -16.8% 2.6% -- 7.8%

Market Correlations
versus... Beta R-squared
S&P500 1.10 94%
MSCI EAFE 1.06 85%
MSCI Emg. Mkts. 0.78 67%

Technical Indicators
Recent close $84.37
30d moving avg. $88.82
Annualized volatility 17.3%
Short interest (ETF) 1.3%
Short interest (Underlying) 2.8%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 6
Turnover 3.5%
Bid/Ask (% of price) 0.82%
ADV underlying (mns) $287,529

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 9.1%


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 82.0 39 -27 8.7 -0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 78.7 25 -13 8.0 -1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 76.8 25 -13 7.9 -1.2
RWL Invesco S&P 500 Revenue ETF 72.2 39 -27 8.7 -0.4
SPTM SPDR Portfolio Total Stock Market ETF 69.3 3 9 6.9 -2.2
EPS WisdomTree U.S. Earnings 500 Fund 69.1 8 4 8.0 -1.1
IUS Invesco Strategic US ETF 68.7 19 -7 7.5 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 68.2 25 -13 8.1 -1.0
PBP Invesco S&P 500 BuyWrite ETF 68.2 49 -37 6.3 -2.9
HSPX Global X S&P 500 Covered Call ETF 67.3 65 -53 6.1 -3.0
SCHB Schwab U.S. Broad Market ETF 67.0 3 9 6.7 -2.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 66.8 3 9 6.6 -2.6
VTHR Vanguard Russell 3000 Index Fund 66.7 10 2 6.6 -2.6
IWV iShares Russell 3000 ETF 66.7 20 -8 6.5 -2.7
IYY iShares Dow Jones U.S. ETF 66.6 20 -8 6.6 -2.6
VTI Vanguard Total Stock Market Index Fund 66.4 3 9 6.6 -2.6
SCHK Schwab 1000 Index ETF 66.3 5 7 6.7 -2.5
IUSV iShares Core S&P U.S. Value ETF 66.2 4 8 8.9 -0.2
VONE Vanguard Russell 1000 ETF 65.9 8 4 6.7 -2.5
IWB iShares Russell 1000 ETF 65.8 15 -3 6.6 -2.6
SPY SPDR S&P 500 ETF Trust 65.7 9 3 6.7 -2.5
JHML John Hancock Multifactor Large Cap ETF 65.6 34 -22 7.0 -2.1
SPLG SPDR Portfolio Large Cap ETF 65.6 3 9 6.8 -2.4
IVV iShares Core S&P 500 ETF 65.5 4 8 6.7 -2.4
SCHX Schwab U.S. Large-Cap ETF 65.5 3 9 6.7 -2.5
VOO VANGUARD S&P 500 ETF 65.2 3 9 6.7 -2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 64.6 2 10 6.7 -2.5
VV Vanguard Large-Cap Index Fund 64.4 4 8 6.6 -2.5
PBUS Invesco PureBeta MSCI USA ETF 64.3 4 8 6.7 -2.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 63.9 20 -8 6.7 -2.4
AVUS Avantis U.S. Equity ETF 63.7 15 -3 7.5 -1.6
SPXE ProShares S&P 500 Ex-Energy ETF 63.5 27 -15 6.6 -2.5
SPYV SPDR Portfolio S&P 500 Value ETF 63.0 4 8 8.8 -0.3
IVE iShares S&P 500 Value ETF 63.0 18 -6 8.7 -0.5
VOOV Vanguard S&P 500 Value ETF 62.7 15 -3 8.7 -0.4
DTD WisdomTree U.S.Total Dividend Fund 62.7 28 -16 8.1 -1.1
SFY SoFi Select 500 ETF 60.6 0 12 6.3 -2.9
SPXT ProShares S&P 500 Ex-Technology ETF 60.4 27 -15 7.0 -2.2
DIVB iShares U.S. Dividend & Buyback ETF 60.1 25 -13 8.3 -0.8
VONV Vanguard Russell 1000 Value Index Fund 59.8 8 4 8.8 -0.3
IWD iShares Russell 1000 Value ETF 59.5 19 -7 8.7 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 59.4 27 -15 6.4 -2.7
MGC Vanguard Mega Cap Index Fund 59.2 7 5 6.5 -2.7
DLN WisdomTree U.S. LargeCap Dividend Fund 58.7 28 -16 7.6 -1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 58.2 12 0 6.4 -2.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 58.1 9 3 6.9 -2.2
CATH Global X S&P 500 Catholic Values Custom ETF 57.4 29 -17 6.6 -2.5
ESGV Vanguard ESG U.S. Stock ETF 57.3 12 0 6.6 -2.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 57.2 20 -8 6.3 -2.9
SPXN ProShares S&P 500 Ex-Financials ETF 56.8 27 -15 6.3 -2.9
IWL iShares Russell Top 200 ETF 56.7 15 -3 6.3 -2.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 56.1 29 -17 7.7 -1.5
VTV Vanguard Value Index Fund 55.5 4 8 8.7 -0.4
SNPE Xtrackers S&P 500 ESG ETF 55.4 11 1 6.5 -2.7
TOK iShares MSCI Kokusai ETF 54.7 25 -13 7.0 -2.2
QUS SPDR MSCI USA StrategicFactors ETF 53.8 15 -3 6.9 -2.2
DGRO iShares Core Dividend Growth ETF 52.3 8 4 8.0 -1.2
SCHV Schwab U.S. Large-Cap Value ETF 52.2 4 8 8.6 -0.6
URTH iShares MSCI World ETF 51.7 24 -12 7.2 -2.0
ESGU iShares MSCI USA ESG Optimized ETF 51.2 15 -3 6.3 -2.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 50.3 30 -18 7.5 -1.7
OEF iShares S&P 100 ETF 50.2 20 -8 6.0 -3.1
ESG FlexShares STOXX US ESG Impact Index Fund 49.4 32 -20 6.4 -2.7
MGV Vanguard Mega Cap Value ETF 48.6 7 5 8.5 -0.7
RSP Invesco S&P 500 Equal Weight ETF 48.2 20 -8 8.2 -0.9
ACWI iShares MSCI ACWI ETF 47.8 32 -20 7.4 -1.7
IQSU IQ Candriam ESG US Equity ETF 47.3 9 3 6.3 -2.8
VT Vanguard Total World Stock Index Fund 47.2 8 4 7.7 -1.4
ROUS Hartford Multifactor US Equity ETF 47.1 19 -7 8.8 -0.4
USDY Pacific Global US Equity Income ETF 47.0 29 -17 10.0 +0.9
IWX iShares Russell Top 200 Value ETF 46.5 20 -8 8.3 -0.8
EQWL Invesco Russell Top 200 Equal Weight ETF 46.3 25 -13 7.2 -1.9
RAFE PIMCO RAFI ESG U.S. ETF 46.1 29 -17 9.6 +0.4
RNLC Large Cap US Equity Select ETF 45.9 60 -48 7.6 -1.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 45.6 9 3 7.9 -1.3
RECS Columbia Research Enhanced Core ETF 45.1 15 -3 7.1 -2.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 45.1 20 -8 7.7 -1.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 44.8 20 -8 7.8 -1.4
EUSA iShares MSCI USA Equal Weighted ETF 44.6 15 -3 7.9 -1.2
AFLG First Trust Active Factor Large Cap ETF 44.6 55 -43 7.3 -1.9
EXT WisdomTree U.S. Total Earnings Fund 44.2 28 -16 7.3 -1.9
VYM Vanguard High Dividend Yield Index ETF 43.9 6 6 8.5 -0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 43.3 15 -3 6.5 -2.7
SIZE iShares Edge MSCI USA Size Factor ETF 43.2 15 -3 7.8 -1.4
IUSG iShares Core S&P US Growth ETF 42.3 4 8 5.5 -3.6
JVAL JPMorgan U.S. Value Factor ETF 42.1 12 0 11.3 +2.2
NACP Impact Shares NAACP Minority Empowerment ETF 41.9 75 -63 5.8 -3.3
FVAL Fidelity Value Factor ETF 41.8 29 -17 10.4 +1.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 41.2 9 3 7.5 -1.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 40.7 60 -48 5.6 -3.6
QWLD SPDR MSCI World StrategicFactors ETF 40.4 30 -18 7.1 -2.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 40.1 19 -7 7.1 -2.0
CFA Victory CEMP US 500 Volatility Weighted Index ETF 40.1 35 -23 7.6 -1.5
FDRR Fidelity Dividend ETF for Rising Rates 40.0 29 -17 9.2 +0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 39.9 19 -7 7.9 -1.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 39.9 42 -30 6.8 -2.3
VOOG Vanguard S&P 500 Growth ETF 39.9 10 2 5.4 -3.8
SPYG SPDR Portfolio S&P 500 Growth ETF 39.9 4 8 5.5 -3.7
IVW iShares S&P 500 Growth ETF 39.9 18 -6 5.3 -3.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 39.5 29 -17 8.7 -0.4

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 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 13.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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