SPDR Global Dividend ETF
ALTAR
Score™
10.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.2x P/Sales
ratio
1.0x
P/BV
ratio
1.0x Div.
yield
6.0%


  • 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 30, 2013
Assets (mns) $228
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 86
Wgt avg mkt cap (mns) $22,849
Large cap (>$10bn) 47.2%
Mid cap ($2-10bn) 42.0%
Small cap (<$2bn) 10.8%
Developed mkts 93.8%
Emerging mkts 6.2%

TOP TEN HOLDINGS
FREENET AG 2.0 %
JAPAN TOBACCO INC 1.9 %
ENAGAS 1.9 %
IG GROUP HOLDINGS PLC 1.7 %
NOKIAN RENKAAT OYJ 1.6 %
EDP-ENERGIAS DE PORTUGAL SA 1.6 %
SKANDINAVISKA ENSKILDA BANKEN AB C 1.6 %
RED ELECTRICA CORP. SA 1.6 %
HENGAN INTL GROUP CO LTD 1.6 %
AGL ENERGY LTD 1.5 %
Total 17.1 %

TOP COUNTRY EXPOSURE
CANADA 18.5 %
UNITED STATES 16.8 %
JAPAN 11.0 %
HONG KONG 7.9 %
AUSTRALIA 5.7 %
BRITAIN 5.2 %
FRANCE 4.9 %
FINLAND 4.1 %
SOUTH KOREA 3.9 %
SWEDEN 3.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.1% -15.6% -0.6% -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.94 72%
MSCI EAFE 1.10 85%
MSCI Emg. Mkts. 0.86 78%

Technical Indicators
Recent close $53.27
30d moving avg. $50.43
Annualized volatility 18.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.8%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $8,701

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 10.0%


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 79.7 60 -20 10.0 +0.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 24.0 58 -18 10.6 +0.6
LVHI Legg Mason International Low Volatility High Dividend ETF 23.6 40 0 10.4 +0.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 23.6 45 -5 10.2 +0.2
DWX SPDR S&P International Dividend ETF 23.1 45 -5 8.1 -1.9
IDV iShares International Select Dividend ETF 22.4 49 -9 13.0 +3.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 19.4 20 20 9.6 -0.4
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 18.8 30 10 7.7 -2.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 18.2 20 20 11.3 +1.3
DOO WisdomTree International Dividend ex-Financials Fund 15.0 58 -18 8.9 -1.1
DTH WisdomTree DEFA Equity Income Fund 12.4 58 -18 9.9 -0.1
GCOW Pacer Global High Dividend ETF 12.3 60 -20 11.1 +1.1
DEW WisdomTree Global High Dividend Fund 11.8 58 -18 9.4 -0.6
EFAS Global X MSCI SuperDividend EAFE ETF 11.7 55 -15 10.3 +0.3
VYMI Vanguard International High Dividend Yield ETF 11.4 32 8 10.6 +0.6
QCAN SPDR MSCI Canada Quality Mix ETF 11.1 14 26 7.3 -2.7
FIDI Fidelity International High Dividend ETF 10.8 39 1 11.3 +1.3
EFV iShares MSCI EAFE Value ETF 10.6 39 1 10.4 +0.4
FDD First Trust Stoxx European Select Dividend Index Fund 10.5 57 -17 12.8 +2.8
IQDF FlexShares International Quality Dividend Index Fund 9.8 47 -7 13.4 +3.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 9.6 47 -7 13.1 +3.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 9.4 29 11 8.9 -1.1
EWC iShares MSCI Canada ETF 9.3 49 -9 6.8 -3.2
TPIF Timothy Plan International ETF 9.3 62 -22 7.2 -2.8
BBCA JPMorgan BetaBuilders Canada ETF 9.3 19 21 7.1 -3.0
IDY Pacific Global International Equity Income ETF 9.2 39 1 8.3 -1.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.1 80 -40 6.1 -3.9
PEY Invesco High Yield Equity Dividend Achievers ETF 9.0 53 -13 8.8 -1.3
CIL VictoryShares International Volatility Weighted Index ETF 9.0 45 -5 6.9 -3.1
FLCA Franklin FTSE Canada ETF 8.9 9 31 7.4 -2.6
DOL WisdomTree International LargeCap Dividend Fund 8.7 48 -8 8.8 -1.2
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.6 29 11 12.6 +2.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 8.4 32 8 6.6 -3.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.4 50 -10 6.7 -3.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.3 45 -5 9.2 -0.8
IDOG ALPS International Sector Dividend Dogs ETF 8.3 50 -10 11.4 +1.4
DWM WisdomTree International Equity Fund 8.0 48 -8 8.5 -1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.0 35 5 8.8 -1.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 8.0 20 20 6.0 -4.1
FYLD Cambria Foreign Shareholder Yield ETF 7.9 59 -19 9.8 -0.3
EWJV iShares MSCI Japan Value ETF 7.9 15 25 10.9 +0.9
IDLV Invesco S&P International Developed Low Volatility ETF 7.9 25 15 7.0 -3.1
PID Invesco International Dividend Achievers ETF 7.7 54 -14 10.7 +0.7
FDEV Fidelity Targeted International Factor ETF 7.7 39 1 6.7 -3.4
FDRR Fidelity Dividend ETF for Rising Rates 7.6 29 11 7.1 -2.9
FNDF Schwab Fundamental International Large Co. Index ETF 7.5 25 15 9.0 -1.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.4 14 26 7.2 -2.8
RDIV Invesco S&P Ultra Dividend Revenue ETF 7.4 39 1 11.0 +1.0
DVYA iShares Asia/Pacific Dividend ETF 7.3 49 -9 9.4 -0.6
FIVA Fidelity International Value Factor ETF 7.2 39 1 10.5 +0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.2 47 -7 14.0 +4.0
IXG iShares Global Financials ETF 7.2 46 -6 10.2 +0.2
DXJ WisdomTree Japan Hedged Equity Fund 7.1 48 -8 8.5 -1.5
DVY iShares Select Dividend ETF 7.1 39 1 8.2 -1.8
GBDV Global Beta Smart Income ETF 6.9 29 11 12.1 +2.1
FDVV Fidelity Core Dividend ETF 6.9 29 11 7.5 -2.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 6.9 30 10 6.4 -3.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 6.7 39 1 11.4 +1.4
WBIY WBI Power Factor High Dividend ETF 6.7 70 -30 13.7 +3.7
PDEV Principal International Multi-Factor Core Index ETF 6.6 25 15 8.1 -1.9
DIM WisdomTree International MidCap Dividend Fund 6.5 58 -18 7.9 -2.1
DIV Global X SuperDividend US ETF 6.5 45 -5 9.9 -0.1
SPYD SPDR S&P 500 High Dividend ETF 6.4 7 33 10.5 +0.5
SDOG ALPS Sector Dividend Dogs ETF 6.4 40 0 10.3 +0.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 6.4 30 10 9.6 -0.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 6.4 38 2 8.0 -2.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 6.4 16 24 7.3 -2.7
FDL First Trust Morningstar Dividend Leaders Index Fund 6.4 45 -5 8.3 -1.7
SCIX Global X Scientific Beta Asia ex-Japan ETF 6.4 38 2 6.8 -3.2
DHS WisdomTree U.S. High Dividend Fund 6.4 38 2 8.6 -1.5
EPP iShares MSCI Pacific ex-Japan ETF 6.3 48 -8 7.1 -2.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 6.3 39 1 6.9 -3.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 6.3 19 21 7.3 -2.7
IGRO iShares International Dividend Growth ETF 6.2 22 18 8.3 -1.7
AXJL WisdomTree Asia Pacific ex-Japan Fund 6.2 48 -8 10.0 0.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 6.1 35 5 8.8 -1.2
SCHF Schwab International Equity ETF 6.1 6 34 7.6 -2.4
INFR Legg Mason Global Infrastructure ETF 6.0 40 0 6.2 -3.8
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 6.0 75 -35 6.1 -3.9
JPGE JPMorgan Diversified Return Global Equity ETF 6.0 29 11 7.5 -2.5
JPIN JPMorgan Diversified Return International Equity ETF 6.0 38 2 8.1 -1.9
FLHK Franklin FTSE Hong Kong ETF 5.9 9 31 9.3 -0.7
JHMD John Hancock Multifactor Developed International ETF 5.9 45 -5 7.6 -2.4
DRW WisdomTree Global ex-US Real Estate Fund 5.9 58 -18 11.1 +1.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 5.9 48 -8 0.0 -10.0
WLDR Affinity World Leaders Equity ETF 5.9 47 -7 9.7 -0.3
QDEF FlexShares Quality Dividend Defensive Index Fund 5.9 37 3 6.4 -3.7
RNDM Developed International Equity Select ETF 5.8 65 -25 6.5 -3.5
EUDV ProShares MSCI Europe Dividend Growers ETF 5.8 55 -15 7.0 -3.0
INTF iShares Edge MSCI Multifactor Intl ETF 5.7 30 10 8.5 -1.5
ESGN Columbia Sustainable International Equity Income ETF 5.7 45 -5 11.4 +1.4
IDEV iShares Core MSCI International Developed Markets ETF 5.7 5 35 7.5 -2.5
SPDW SPDR Portfolio Developed World ex-US ETF 5.7 4 36 7.4 -2.6
MVIN Natixis Seeyond International Minimum Volatility ETF 5.7 55 -15 5.8 -4.2
QEFA SPDR MSCI EAFE Quality Mix ETF 5.7 30 10 6.9 -3.1
EUMV iShares Edge MSCI Min Vol Europe ETF 5.7 25 15 5.6 -4.4
HFXI IQ 50 Percent Hedged FTSE International ETF 5.6 20 20 7.8 -2.3
ESGD iShares MSCI EAFE ESG Optimized ETF 5.6 20 20 7.4 -2.6
IPAC iShares Core MSCI Pacific ETF 5.6 9 31 7.6 -2.4
DGT SPDR Global Dow ETF 5.5 50 -10 7.0 -3.0

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 10.2 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.70 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.