SPDR Global Dividend ETF
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.0x P/Sales
ratio
1.4x
P/BV
ratio
1.2x Div.
yield
5.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR S&P Global Dividend 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 Global Dividend Aristocrats Index.

FUND BASICS
Category Global Equities
Fund Sponsor SSgA Funds Management Inc
Website www.spdrs.com
Inception date May 29, 2013
Assets (mns) $203
Currency USD
Expense ratio 40 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 75
Wgt avg mkt cap (mns) $26,328
Large cap (>$10bn) 57.9%
Mid cap ($2-10bn) 37.1%
Small cap (<$2bn) 5.0%
Developed mkts 95.4%
Emerging mkts 4.6%

TOP TEN HOLDINGS
LENOVO GROUP LTD 2.5 %
NOKIAN RENKAAT OYJ 2.3 %
NORTHLAND POWER INC 2.2 %
IG GROUP HOLDINGS PLC 2.1 %
JANUS HENDERSON GROUP PLC 2.0 %
EDP-ENERGIAS DE PORTUGAL SA 2.0 %
BENDIGO AND ADELAIDE BANK 1.9 %
JAPAN TOBACCO INC 1.9 %
ENAGAS 1.7 %
HYSAN DEVELOPMENT CO 1.7 %
Total 20.3 %

TOP COUNTRY EXPOSURE
CANADA 20.9 %
UNITED STATES 16.7 %
HONG KONG 10.8 %
JAPAN 8.7 %
BRITAIN 6.4 %
AUSTRALIA 5.7 %
FINLAND 5.4 %
FRANCE 5.2 %
SPAIN 3.3 %
SWEDEN 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.3% -10.3% 5.8% -- 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.96 74%
MSCI EAFE 1.05 87%
MSCI Emg. Mkts. 0.85 73%

Technical Indicators
Recent close $62.85
30d moving avg. $61.77
Annualized volatility 21.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 26
Turnover 0.8%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $8,430

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the SPDR Global Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with WDIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WDIV Expense: 40 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WDIV
Ticker Fund
Name
Overlap1
vs WDIV
(%)
Expense
ratio
(bp)
Savings
vs WDIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs WDIV
(%)
FID First Trust S&P International Dividend Aristocrats ETF 79.3 60 -20 8.7 +0.1
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 25.2 45 -5 9.6 +1.0
IDV iShares International Select Dividend ETF 25.0 49 -9 8.8 +0.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 22.9 59 -19 10.0 +1.4
LVHI Legg Mason International Low Volatility High Dividend ETF 21.7 40 0 9.0 +0.4
VWID Virtus WMC International Dividend ETF 21.6 49 -9 7.3 -1.3
DWX SPDR S&P International Dividend ETF 21.3 45 -5 7.4 -1.2
DFAI Dimensional International Core Equity Market ETF 16.9 18 22 6.3 -2.3
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 16.5 30 10 7.7 -1.0
DVYA iShares Asia/Pacific Dividend ETF 14.5 49 -9 10.9 +2.3
EFAS Global X MSCI SuperDividend EAFE ETF 13.6 56 -16 8.0 -0.7
ZCAN SPDR Solactive Canada ETF 12.1 14 26 6.4 -2.2
DOO WisdomTree International Dividend ex-Financials Fund 11.5 58 -18 7.7 -1.0
GCOW Pacer Global High Dividend ETF 11.5 60 -20 9.9 +1.2
DTH WisdomTree International High Dividend Fund 11.2 58 -18 8.7 +0.0
FIDI Fidelity International High Dividend ETF 11.2 39 1 10.1 +1.5
FDD First Trust Stoxx European Select Dividend Index Fund 11.0 58 -18 8.7 +0.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 10.9 39 1 9.8 +1.2
FDEV Fidelity Targeted International Factor ETF 10.9 39 1 6.1 -2.5
DEW WisdomTree Global High Dividend Fund 10.6 58 -18 8.7 +0.1
VYMI Vanguard International High Dividend Yield ETF 10.4 27 13 8.9 +0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 10.2 20 20 8.3 -0.3
EWC iShares MSCI Canada ETF 10.0 51 -11 6.2 -2.4
BBCA JPMorgan BetaBuilders Canada ETF 10.0 19 21 6.4 -2.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 9.9 32 8 5.7 -3.0
IDOG ALPS International Sector Dividend Dogs ETF 9.7 50 -10 8.1 -0.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 9.5 20 20 9.4 +0.7
FLCA Franklin FTSE Canada ETF 9.5 9 31 6.8 -1.9
PEY Invesco High Yield Equity Dividend Achievers ETF 9.5 52 -12 8.2 -0.4
EFV iShares MSCI EAFE Value ETF 9.1 39 1 8.3 -0.4
PID Invesco International Dividend Achievers ETF 8.9 53 -13 10.2 +1.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.7 29 11 7.2 -1.4
IQDE FlexShares International Quality Dividend Defensive Index ET 8.6 47 -7 7.8 -0.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.5 80 -40 6.0 -2.6
ESGN Columbia Sustainable International Equity Income ETF 8.4 45 -5 9.2 +0.5
FYLD Cambria Foreign Shareholder Yield ETF 7.9 59 -19 5.6 -3.1
DOL WisdomTree International LargeCap Dividend Fund 7.7 48 -8 7.1 -1.5
IQDF FlexShares International Quality Dividend Index Fund 7.5 47 -7 7.8 -0.8
CIL VictoryShares International Volatility Weighted Index ETF 7.5 45 -5 6.3 -2.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 7.4 45 -5 6.3 -2.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.4 51 -11 5.0 -3.6
FIVA Fidelity International Value Factor ETF 7.3 39 1 8.7 +0.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.3 47 -7 8.0 -0.6
IXG iShares Global Financials ETF 7.3 46 -6 8.5 -0.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 7.2 75 -35 5.3 -3.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 7.2 45 -5 7.5 -1.1
DFAE Dimensional Emerging Core Equity Market ETF 7.2 35 5 6.9 -1.8
WBIY WBI Power Factor High Dividend ETF 7.0 70 -30 8.4 -0.2
FLHK Franklin FTSE Hong Kong ETF 7.0 9 31 6.8 -1.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 6.9 20 20 5.0 -3.7
DWM WisdomTree International Equity Fund 6.9 48 -8 7.1 -1.5
TPIF Timothy Plan International ETF 6.9 62 -22 6.0 -2.6
DVY iShares Select Dividend ETF 6.8 39 1 8.0 -0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 6.8 40 0 7.2 -1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 6.7 14 26 6.1 -2.6
DIV Global X SuperDividend US ETF 6.7 46 -6 5.3 -3.4
IDLV Invesco S&P International Developed Low Volatility ETF 6.6 25 15 6.2 -2.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.6 65 -25 10.0 +1.3
INFR Legg Mason Global Infrastructure ETF 6.5 40 0 5.7 -2.9
PDEV Principal International Multi-Factor Core Index ETF 6.5 25 15 7.0 -1.6
FNDF Schwab Fundamental International Large Co. Index ETF 6.5 25 15 7.6 -1.0
FDRR Fidelity Dividend ETF for Rising Rates 6.4 29 11 6.0 -2.7
SDOG ALPS Sector Dividend Dogs ETF 6.3 40 0 8.7 +0.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 6.3 30 10 8.1 -0.5
GBDV Global Beta Smart Income ETF 6.2 29 11 8.3 -0.4
FDVV Fidelity Core Dividend ETF 6.2 29 11 6.1 -2.6
BKIE BNY Mellon International Equity ETF 6.1 4 36 6.5 -2.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 5.9 30 10 5.2 -3.4
RDIV Invesco S&P Ultra Dividend Revenue ETF 5.9 39 1 8.7 +0.1
NXTG First Trust Indxx NextG ETF 5.8 70 -30 5.0 -3.6
DIM WisdomTree International MidCap Dividend Fund 5.8 58 -18 7.0 -1.6
GLIF AGFiQ Global Infrastructure ETF 5.8 45 -5 4.8 -3.9
EUDV ProShares MSCI Europe Dividend Growers ETF 5.8 56 -16 4.9 -3.7
EWJV iShares MSCI Japan Value ETF 5.8 15 25 8.9 +0.3
EWH iShares MSCI Hong Kong ETF 5.7 51 -11 6.0 -2.6
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 5.7 19 21 5.8 -2.9
RODE Hartford Multifactor Diversified International ETF 5.7 29 11 10.5 +1.9
JXI iShares Global Utilities ETF 5.7 46 -6 5.5 -3.1
EPP iShares MSCI Pacific ex-Japan ETF 5.7 48 -8 5.5 -3.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 5.6 16 24 5.9 -2.7
JPIN JPMorgan Diversified Return International Equity ETF 5.5 37 3 7.0 -1.6
IVLU iShares Edge MSCI Intl Value Factor ETF 5.5 30 10 9.9 +1.3
SPYD SPDR S&P 500 High Dividend ETF 5.4 7 33 9.2 +0.5
EFNL iShares MSCI Finland Capped ETF 5.4 53 -13 5.2 -3.5
SCHF Schwab International Equity ETF 5.4 6 34 6.5 -2.2
EDIV SPDR S&P Emerging Markets Dividend ETF 5.4 49 -9 10.4 +1.7
YLCO Global X YieldCo Index ETF 5.4 65 -25 3.9 -4.8
DHS WisdomTree U.S. High Dividend Fund 5.3 38 2 8.4 -0.3
MOTI VanEck Vectors Morningstar International Moat ETF 5.3 57 -17 9.3 +0.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 5.3 47 -7 5.9 -2.7
SRET Global X SuperDividend REIT ETF 5.3 59 -19 10.0 +1.4
JHMD John Hancock Multifactor Developed International ETF 5.3 39 1 6.5 -2.1
FVL First Trust Value Line 100 ETF 5.3 70 -30 6.0 -2.7
FDL First Trust Morningstar Dividend Leaders Index Fund 5.2 45 -5 9.1 +0.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 5.2 35 5 7.7 -1.0
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 5.2 35 5 7.7 -1.0
IDEV iShares Core MSCI International Developed Markets ETF 5.2 5 35 6.4 -2.2
JKF iShares Morningstar Large Cap Value ETF 5.2 25 15 6.6 -2.1

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 Global Dividend ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.48
 
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.