SPDR S&P Homebuilders ETF
ALTAR
Score™
8.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.8x P/Sales
ratio
1.1x
P/BV
ratio
2.2x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR S&P Homebuilders ETF seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index, before expenses.

FUND BASICS
Category US Equities
Fund Sponsor State Street Global Advisors
Website www.ssgafunds.com
Inception date Feb 06, 2006
Assets (mns) $638
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Equal
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 35
Wgt avg mkt cap (mns) $28,795
Large cap (>$10bn) 34.8%
Mid cap ($2-10bn) 58.6%
Small cap (<$2bn) 6.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HOME DEPOT INC 5.9 %
LOWE'S COS INC 5.4 %
LENNAR CORP-CL A 5.4 %
DR HORTON INC 5.1 %
MASCO CORP 4.9 %
NVR INC 4.3 %
PULTE HOMES INC 4.3 %
WILLIAMS-SONOMA INC 4.3 %
FORTUNE BRANDS HOME & SECURI 4.2 %
WHIRLPOOL CORP 4.2 %
Total 47.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.0 %
IRELAND 7.1 %
BERMUDA 1.8 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.5% -10.4% 1.7% 7.5% -0.5%

Market Correlations
versus... Beta R-squared
S&P500 1.46 79%
MSCI EAFE 1.50 73%
MSCI Emg. Mkts. 1.14 65%

Technical Indicators
Recent close $39.97
30d moving avg. $35.01
Annualized volatility 27.6%
Short interest (ETF) 21.8%
Short interest (Underlying) 5.7%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 2,810
Turnover 17.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $4,477

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the SPDR S&P Homebuilders ETF ETF based on the alternatives' overlap in portfolio holdings with XHB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XHB Expense: 35 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XHB
Ticker Fund
Name
Overlap1
vs XHB
(%)
Expense
ratio
(bp)
Savings
vs XHB
(bp)
ALTAR
Score™
(%)
ALTAR
vs XHB
(%)
ITB iShares U.S. Home Construction ETF 53.5 42 -7 8.8 +0.6
PKB Invesco Dynamic Building & Construction ETF 36.0 60 -25 8.1 -0.1
HOMZ Hoya Capital Housing ETF 30.8 45 -10 7.7 -0.5
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 16.0 40 -5 9.0 +0.8
XLY Consumer Discretionary Select Sector SPDR Fund 13.7 13 22 4.7 -3.5
VCR Vanguard Consumer Discretionary Index Fund 12.6 10 25 4.4 -3.8
FDIS Fidelity MSCI Consumer Discretionary Index ETF 12.3 8 27 4.2 -4.0
JHMC John Hancock Multifactor Consumer Discretionary ETF 11.7 40 -5 5.2 -3.0
FXD First Trust Consumer Discretionary AlphaDEX Fund 11.3 64 -29 10.5 +2.3
RTH VanEck Vectors Retail ETF 10.8 35 0 5.2 -3.0
RXI iShares Global Consumer Discretionary ETF 10.7 46 -11 6.3 -1.9
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 10.0 39 -4 6.7 -1.5
IYC iShares U.S. Consumer Services ETF 9.8 42 -7 4.6 -3.6
IEDI iShares Evolved U.S. Discretionary Spending ETF 9.5 18 17 4.2 -4.0
SPVM Invesco S&P 500 Value with Momentum ETF 8.7 39 -4 10.3 +2.1
BUL Pacer US Cash Cows Growth ETF 8.3 60 -25 5.9 -2.3
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 8.2 60 -25 3.3 -4.9
QVAL Alpha Architect U.S. Quantitative Value ETF 7.9 49 -14 12.7 +4.5
SPGP Invesco S&P 500 GARP ETF 7.4 35 0 7.9 -0.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 7.4 29 6 4.5 -3.7
JHMI John Hancock Multifactor Industrials ETF 7.3 40 -5 6.7 -1.5
RGI Invesco S&P 500 Equal Weight Industrials ETF 7.2 40 -5 6.7 -1.5
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 6.9 29 6 9.7 +1.5
LEAD Reality Shares DIVCON Leaders Dividend ETF 6.8 43 -8 4.6 -3.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 6.7 15 20 7.2 -1.0
GENY Principal Millennials Index ETF 6.6 45 -10 4.5 -3.7
QMOM Alpha Architect U.S. Quantitative Momentum ETF 6.5 49 -14 3.3 -4.9
FTXD First Trust Nasdaq Retail ETF 6.5 60 -25 6.3 -1.9
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 6.4 75 -40 6.3 -1.9
MILN Global X Millennials Thematic ETF 6.3 50 -15 3.3 -4.9
SCHD Schwab U.S. Dividend Equity ETF 6.2 6 29 7.7 -0.5
MAGA Point Bridge GOP Stock Tracker ETF 6.1 72 -37 7.0 -1.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 6.0 37 -2 7.2 -1.0
DIA SPDR Dow Jones Industrial Average ETF Trust 5.9 16 19 5.9 -2.3
QVM Arrow QVM Equity Factor ETF 5.9 65 -30 5.4 -2.8
PXSG Invesco S&P SmallCap Momentum ETF 5.9 39 -4 5.6 -2.6
SHE SPDR SSGA Gender Diversity Index ETF 5.8 20 15 5.8 -2.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.4 60 -25 9.4 +1.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 5.4 20 15 8.3 +0.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 5.4 17 18 7.1 -1.2
RPG Invesco S&P 500 Pure Growth ETF 5.2 35 0 4.7 -3.5
ONEO SPDR Russell 1000 Momentum Focus ETF 5.2 20 15 7.1 -1.1
RZG Invesco S&P Smallcap 600 Pure Growth ETF 5.1 35 0 6.8 -1.4
NULG Nuveen ESG Large-Cap Growth ETF 5.1 35 0 3.6 -4.7
PWC Invesco Dynamic Market ETF 5.0 59 -24 7.3 -0.9
PVAL Principal Contrarian Value Index ETF 5.0 29 6 8.2 -0.0
BFOR Barron's 400 ETF 5.0 66 -31 6.8 -1.4
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 4.9 75 -40 6.2 -2.0
PXMV Invesco S&P MidCap Value with Momentum ETF 4.9 39 -4 10.4 +2.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 4.9 35 0 6.6 -1.6
DFND Reality Shares DIVCON Dividend Defender ETF 4.8 121 -86 3.8 -4.4
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 4.8 25 10 7.9 -0.3
QSY WisdomTree U.S. LargeCap Value Fund 4.8 38 -3 7.4 -0.8
JKD iShares Morningstar Large-Cap ETF 4.8 20 15 6.2 -2.0
SPMO Invesco S&P 500 Momentum ETF 4.7 13 22 4.6 -3.6
OUSA O'Shares FTSE US Quality Dividend ETF 4.6 48 -13 5.9 -2.3
DVLU First Trust Dorsey Wright Momentum & Value ETF 4.6 60 -25 6.1 -2.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 4.6 48 -13 6.9 -1.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 4.5 20 15 10.7 +2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 4.5 19 16 5.9 -2.3
AFLG First Trust Active Factor Large Cap ETF 4.4 55 -20 6.2 -2.0
SYLD Cambria Shareholder Yield ETF 4.3 59 -24 10.5 +2.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 4.2 29 6 7.9 -0.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 4.2 20 15 7.6 -0.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 4.2 35 0 5.6 -2.6
EQWM Invesco S&P MidCap Quality ETF 4.1 25 10 5.2 -3.0
VAMO Cambria Value & Momentum ETF 4.1 64 -29 8.0 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 4.1 71 -36 10.9 +2.7
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 4.1 60 -25 5.7 -2.5
CWS AdvisorShares Focused Equity ETF 4.1 85 -50 5.7 -2.5
FNK First Trust Mid Cap Value AlphaDEX Fund 4.1 70 -35 12.3 +4.1
FTA First Trust Large Cap Value AlphaDEX Fund 4.0 60 -25 10.4 +2.2
PFM Invesco Dividend Achievers ETF 4.0 54 -19 5.6 -2.6
ESGS Columbia Sustainable U.S. Equity Income ETF 3.9 35 0 9.6 +1.4
SPVU Invesco S&P 500 Enhanced Value ETF 3.9 13 22 12.0 +3.8
EDOW First Trust Dow 30 Equal Weight ETF 3.8 50 -15 6.2 -2.0
SUSA iShares MSCI USA ESG Select ETF 3.8 25 10 5.1 -3.1
IYK iShares U.S. Consumer Goods ETF 3.8 42 -7 5.7 -2.5
FNX First Trust Mid Cap Core AlphaDEX Fund 3.8 61 -26 7.5 -0.8
NUMV Nuveen ESG Mid-Cap Value ETF 3.7 40 -5 9.4 +1.2
QLC FlexShares US Quality Large Cap Index Fund 3.7 32 3 5.9 -2.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 3.7 70 -35 2.2 -6.0
JKK iShares Morningstar Small-Cap Growth ETF 3.7 30 5 1.5 -6.7
REVS Columbia Research Enhanced Value ETF 3.7 19 16 8.1 -0.1
JKG iShares Morningstar Mid-Cap ETF 3.7 25 10 6.6 -1.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 3.6 35 0 6.8 -1.4
DON WisdomTree U.S. MidCap Dividend Fund 3.6 38 -3 8.5 +0.3
AFMC First Trust Active Factor Mid Cap ETF 3.6 65 -30 6.8 -1.4
RECS Columbia Research Enhanced Core ETF 3.6 15 20 5.9 -2.3
DSTL Distillate US Fundamental Stability & Value ETF 3.5 39 -4 6.9 -1.4
PY Principal Shareholder Yield Index ETF 3.5 29 6 10.3 +2.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 3.5 52 -17 6.4 -1.8
SCHM Schwab U.S. Mid-Cap ETF 3.5 4 31 6.9 -1.3
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 3.5 99 -64 2.2 -6.1
IFRA iShares U.S. Infrastructure ETF 3.5 40 -5 6.3 -1.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 3.5 24 11 6.5 -1.7
FSMD Fidelity Small-Mid Factor ETF 3.4 29 6 7.6 -0.6
FYT First Trust Small Cap Value AlphaDEX Fund 3.4 72 -37 10.4 +2.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 3.4 7 28 7.0 -1.2
SUSL iShares ESG MSCI USA Leaders ETF 3.4 10 25 5.7 -2.5

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 Homebuilders 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 18.0 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.52
 
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.