SPDR S&P 1500 Value Tilt ETF
ALTAR
Score™
7.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
23.2x P/Sales
ratio
1.1x
P/BV
ratio
1.6x Div.
yield
2.8%


  • 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) $21
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 1405
Wgt avg mkt cap (mns) $211,427
Large cap (>$10bn) 82.4%
Mid cap ($2-10bn) 13.2%
Small cap (<$2bn) 4.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 2.7 %
APPLE INC 2.7 %
EXXON MOBIL CORP 2.5 %
WAL-MART STORES INC 1.8 %
BANK OF AMERICA CORP 1.7 %
AMAZON.COM INC 1.7 %
WELLS FARGO & CO 1.5 %
AT&T INC 1.3 %
JPMORGAN CHASE & CO 1.2 %
MICROSOFT CORP 1.2 %
Total 18.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
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 August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.5% 7.5% 9.5% -- 11.0%

Market Correlations
versus... Beta R-squared
S&P500 1.08 94%
MSCI EAFE 1.14 88%
MSCI Emg. Mkts. 0.80 69%

Technical Indicators
Recent close $98.18
30d moving avg. $105.02
Annualized volatility 19.4%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.8%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $21,337

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™: 7.9%


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 78.9 39 -27 7.5 -0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 75.3 25 -13 7.5 -0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 73.2 25 -13 7.5 -0.3
RWL Invesco S&P 500 Revenue ETF 69.9 39 -27 7.6 -0.3
IUS Invesco Strategic US ETF 67.6 19 -7 7.2 -0.6
EPS WisdomTree U.S. Earnings 500 Fund 64.7 8 4 7.4 -0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 64.0 25 -13 7.0 -0.9
IUSV iShares Core S&P U.S. Value ETF 63.0 4 8 7.7 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 62.9 3 9 6.3 -1.6
JHML John Hancock Multifactor Large Cap ETF 60.8 29 -17 6.1 -1.7
SCHB Schwab U.S. Broad Market ETF 60.6 3 9 5.9 -1.9
VTHR Vanguard Russell 3000 Index Fund 60.5 10 2 5.8 -2.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 60.5 3 9 5.9 -2.0
AVUS Avantis U.S. Equity ETF 60.5 15 -3 6.3 -1.5
IWV iShares Russell 3000 ETF 60.2 20 -8 5.7 -2.2
IWD iShares Russell 1000 Value ETF 60.2 19 -7 7.1 -0.8
IYY iShares Dow Jones U.S. ETF 60.0 20 -8 5.9 -2.0
VONV Vanguard Russell 1000 Value Index Fund 59.9 8 4 7.2 -0.6
IVE iShares S&P 500 Value ETF 59.9 18 -6 7.4 -0.4
SPYV SPDR Portfolio S&P 500 Value ETF 59.8 4 8 7.6 -0.3
VOOV Vanguard S&P 500 Value ETF 59.8 10 2 7.5 -0.3
SCHK Schwab 1000 Index ETF 59.4 5 7 6.0 -1.8
SPY SPDR S&P 500 ETF Trust 59.0 9 3 6.2 -1.7
XYLG Global X S&P 500 Covered Call & Growth ETF 59.0 60 -48 5.8 -2.1
PBP Invesco S&P 500 BuyWrite ETF 58.9 49 -37 5.8 -2.1
VTI Vanguard Total Stock Market Index Fund 58.9 3 9 5.8 -2.1
IWB iShares Russell 1000 ETF 58.9 15 -3 5.9 -2.0
SPLG SPDR Portfolio Large Cap ETF 58.8 3 9 6.2 -1.6
HSPX Global X S&P 500 Covered Call ETF 58.6 60 -48 5.7 -2.2
SCHX Schwab U.S. Large-Cap ETF 58.6 3 9 6.1 -1.8
DIVB iShares U.S. Dividend & Buyback ETF 58.6 25 -13 7.4 -0.5
IVV iShares Core S&P 500 ETF 58.6 3 9 6.3 -1.6
VOO VANGUARD S&P 500 ETF 58.5 3 9 6.2 -1.6
VONE Vanguard Russell 1000 ETF 58.4 8 4 5.9 -1.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 57.6 20 -8 6.2 -1.7
PBUS Invesco PureBeta MSCI USA ETF 57.2 4 8 6.1 -1.8
SPXE ProShares S&P 500 Ex-Energy ETF 56.9 27 -15 6.2 -1.7
VV Vanguard Large-Cap Index Fund 56.7 4 8 6.0 -1.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 56.3 7 5 6.1 -1.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 55.6 2 10 6.1 -1.8
DTD WisdomTree U.S.Total Dividend Fund 55.4 28 -16 7.4 -0.5
SFY SoFi Select 500 ETF 55.1 0 12 5.7 -2.1
SPXT ProShares S&P 500 Ex-Technology ETF 54.8 27 -15 5.7 -2.2
SPXV ProShares S&P 500 Ex-Health Care ETF 54.4 27 -15 5.9 -1.9
VTV Vanguard Value Index Fund 53.0 4 8 7.6 -0.3
ESGV Vanguard ESG U.S. Stock ETF 52.8 12 0 6.0 -1.9
CATH Global X S&P 500 Catholic Values Custom ETF 52.5 29 -17 6.1 -1.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 52.2 30 -18 6.8 -1.1
MGC Vanguard Mega Cap Index Fund 52.0 7 5 6.1 -1.8
QUS SPDR MSCI USA StrategicFactors ETF 51.7 15 -3 6.3 -1.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 51.7 29 -17 6.5 -1.4
SPXN ProShares S&P 500 Ex-Financials ETF 51.1 27 -15 5.9 -1.9
DLN WisdomTree U.S. LargeCap Dividend Fund 51.0 28 -16 7.2 -0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 50.6 20 -8 5.8 -2.1
ESGU iShares MSCI USA ESG Optimized ETF 50.1 15 -3 5.9 -2.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 50.0 9 3 6.3 -1.5
RSP Invesco S&P 500 Equal Weight ETF 49.9 20 -8 6.8 -1.1
TOK iShares MSCI Kokusai ETF 49.2 25 -13 6.1 -1.7
IWL iShares Russell Top 200 ETF 49.1 15 -3 5.9 -1.9
SCHV Schwab U.S. Large-Cap Value ETF 49.0 4 8 7.3 -0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 49.0 0 12 6.2 -1.7
SNPE Xtrackers S&P 500 ESG ETF 47.0 10 2 6.2 -1.7
SIZE iShares Edge MSCI USA Size Factor ETF 46.4 15 -3 6.4 -1.5
DGRO iShares Core Dividend Growth ETF 46.3 8 4 7.1 -0.7
URTH iShares MSCI World ETF 46.2 24 -12 6.2 -1.7
IWX iShares Russell Top 200 Value ETF 46.2 20 -8 7.0 -0.9
MGV Vanguard Mega Cap Value ETF 46.1 7 5 7.4 -0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 45.7 9 3 6.2 -1.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 45.7 12 0 6.4 -1.5
EUSA iShares MSCI USA Equal Weighted ETF 45.5 15 -3 6.4 -1.5
ESG FlexShares STOXX US ESG Impact Index Fund 45.0 32 -20 5.8 -2.0
RAFE PIMCO RAFI ESG U.S. ETF 44.6 29 -17 7.8 -0.0
RNLC Large Cap US Equity Select ETF 44.2 60 -48 6.4 -1.4
USDY Pacific Global US Equity Income ETF 44.0 29 -17 7.4 -0.4
VT Vanguard Total World Stock Index Fund 43.6 8 4 6.6 -1.3
ACWI iShares MSCI ACWI ETF 43.5 32 -20 6.3 -1.5
JVAL JPMorgan U.S. Value Factor ETF 43.3 12 0 9.2 +1.3
EQWL Invesco Russell Top 200 Equal Weight ETF 43.2 25 -13 6.3 -1.5
OEF iShares S&P 100 ETF 43.1 20 -8 6.0 -1.9
VYM Vanguard High Dividend Yield Index ETF 42.9 6 6 7.7 -0.2
ROUS Hartford Multifactor US Equity ETF 42.7 19 -7 6.7 -1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 42.3 19 -7 6.9 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 41.8 20 -8 6.6 -1.3
SCIU Global X Scientific Beta US ETF 41.4 19 -7 6.0 -1.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 41.3 15 -3 7.2 -0.7
IQSU IQ Candriam ESG US Equity ETF 41.2 9 3 6.3 -1.5
VFVA Vanguard U.S. Value Factor ETF 40.8 14 -2 11.7 +3.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 40.6 35 -23 6.0 -1.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 40.4 35 -23 6.0 -1.9
EQAL Invesco Russell 1000 Equal Weight ETF 40.3 20 -8 5.8 -2.0
AFLG First Trust Active Factor Large Cap ETF 40.0 55 -43 6.5 -1.4
FEX First Trust Large Cap Core AlphaDEX Fund 39.4 60 -48 6.2 -1.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 39.0 29 -17 7.1 -0.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 38.7 20 -8 6.6 -1.3
IUSG iShares Core S&P US Growth ETF 38.7 4 8 6.0 -1.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 38.7 9 3 6.4 -1.5
RECS Columbia Research Enhanced Core ETF 38.6 15 -3 6.7 -1.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 38.3 18 -6 6.4 -1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 38.2 17 -5 6.7 -1.2
EFIV SPDR S&P 500 ESG ETF 37.8 10 2 6.2 -1.7

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 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 12.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.