SPDR Kensho Clean Power ETF
ALTAR
Score™
-10.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
88.2x P/Sales
ratio
1.6x
P/BV
ratio
2.3x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR Kensho Clean Power ETF tracks a tier-weighted index of US equities associated with the clean power sector.

FUND BASICS
Category US Equities
Fund Sponsor State Street Global Advisors
Website us.spdrs.com
Inception date Oct 22, 2018
Assets (mns) $25
Currency USD
Expense ratio 45 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 43
Wgt avg mkt cap (mns) $20,859
Large cap (>$10bn) 26.2%
Mid cap ($2-10bn) 39.1%
Small cap (<$2bn) 32.8%
Developed mkts 90.2%
Emerging mkts 9.8%

TOP TEN HOLDINGS
FUELCELL ENERGY, INC. 9.7 %
ENPHASE ENERGY INC 6.1 %
TESLA MOTORS INC 6.0 %
SOLAREDGE TECHNOLOGIES, INC. 4.3 %
BALLARD POWER SYSTEMS INC 3.8 %
PLUG POWER INC 3.3 %
SUNRUN INC. 3.2 %
TERRAFORM POWER, INC. CLASS A 3.0 %
TPI COMPOSITES, INC. 2.8 %
NEXTERA ENERGY GROUP 2.8 %
Total 45.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 76.5 %
CANADA 10.9 %
CHINA 4.2 %
BRITAIN 2.4 %
CHILE 2.1 %
SWITZERLAND 1.6 %
BRAZIL 1.0 %




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.
0.4% 35.1% -- -- 31.7%

Market Correlations
versus... Beta R-squared
S&P500 1.16 67%
MSCI EAFE 1.28 66%
MSCI Emg. Mkts. 1.16 77%

Technical Indicators
Recent close $47.34
30d moving avg. $43.01
Annualized volatility 31.3%
Short interest (ETF) 0.8%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 8
Turnover 1.5%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $21,760

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the SPDR Kensho Clean Power ETF ETF based on the alternatives' overlap in portfolio holdings with XKCP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XKCP Expense: 45 bp ALTAR Score™: -10.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XKCP
Ticker Fund
Name
Overlap1
vs XKCP
(%)
Expense
ratio
(bp)
Savings
vs XKCP
(bp)
ALTAR
Score™
(%)
ALTAR
vs XKCP
(%)
PBW Invesco WilderHill Clean Energy ETF 40.1 70 -25 -4.7 +6.1
ICLN iShares Global Clean Energy ETF 32.5 46 -1 3.4 +14.2
ACES ALPS Clean Energy ETF 32.3 65 -20 1.2 +11.9
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 32.3 60 -15 0.6 +11.4
TAN Invesco Solar ETF 32.2 71 -26 1.8 +12.6
PBD Invesco Global Clean Energy ETF 19.7 75 -30 1.9 +12.7
GEX VanEck Vectors Global Alternative Energy ETF 17.3 63 -18 4.9 +15.6
XKST SPDR Kensho Smart Mobility ETF 16.2 45 0 2.4 +13.2
KOMP SPDR Kensho New Economies Composite ETF 16.1 20 25 1.6 +12.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 12.2 70 -25 4.4 +15.2
PUI Invesco DWA Utilities Momentum ETF 10.9 60 -15 4.5 +15.3
JHMU John Hancock Multifactor Utilities ETF 10.9 40 5 5.9 +16.6
PZD Invesco Cleantech ETF 10.7 68 -23 4.8 +15.6
FXU First Trust Utilities AlphaDEX Fund 10.6 63 -18 6.1 +16.9
RYU Invesco S&P 500 Equal Weight Utilities ETF 10.6 40 5 6.1 +16.9
VPU Vanguard Utilities Index Fund 10.4 10 35 5.6 +16.3
WOMN Impact Shares YWCA Women's Empowerment ETF 10.3 75 -30 4.6 +15.3
FUTY Fidelity MSCI Utilities Index ETF 10.1 8 37 5.6 +16.4
IDU iShares U.S. Utilities ETF 10.0 43 2 5.3 +16.1
XLU Utilities Select Sector SPDR Fund 9.2 13 32 5.6 +16.4
BIBL Inspire ETF 8.7 35 10 4.7 +15.5
JXI iShares Global Utilities ETF 8.7 46 -1 5.8 +16.6
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 8.1 50 -5 4.2 +15.0
DRIV Global X Autonomous & Electric Vehicles ETF 7.9 68 -23 6.0 +16.8
XNTK SPDR Morgan Stanley Technology ETF 7.6 35 10 4.0 +14.8
NACP Impact Shares NAACP Minority Empowerment ETF 7.4 75 -30 4.6 +15.4
ECLN First Trust EIP Carbon Impact ETF 7.0 95 -50 3.7 +14.4
ITEQ BlueStar Israel Technology ETF 6.8 75 -30 1.1 +11.8
UTES Virtus Reaves Utilities ETF 6.7 49 -4 5.0 +15.8
GII SPDR S&P Global Infrastructure ETF 6.3 40 5 5.3 +16.1
ISRA VanEck Vectors Israel ETF 6.2 60 -15 7.1 +17.8
FAN First Trust Global Wind Energy ETF 6.1 60 -15 6.4 +17.2
EMLP First Trust North American Energy Infrastructure Fund 6.1 95 -50 5.4 +16.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 6.1 75 -30 2.2 +12.9
IGF iShares Global Infrastructure ETF 6.1 46 -1 5.2 +15.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 6.1 70 -25 5.9 +16.6
PWC Invesco Dynamic Market ETF 6.1 59 -14 7.0 +17.7
QMOM Alpha Architect U.S. Quantitative Momentum ETF 6.1 49 -4 3.2 +13.9
SDGA Impact Shares Sustainable Development Goals Global ETF 6.1 75 -30 5.5 +16.2
CARZ First Trust NASDAQ Global Auto Index Fund 6.0 70 -25 15.7 +26.4
IDRV iShares Self-driving EV & Tech ETF 6.0 47 -2 6.9 +17.7
FTXR First Trust Nasdaq Transportation ETF 6.0 60 -15 6.7 +17.4
LIT Global X Lithium & Battery Tech ETF 6.0 75 -30 3.5 +14.3
ARKQ Ark Industrial Innovation ETF 6.0 75 -30 0.7 +11.5
ARKW ARK Web x.0 ETF 6.0 76 -31 -0.8 +9.9
ARKK ARK Innovation ETF 6.0 75 -30 -3.2 +7.6
IQM Franklin Intelligent Machines ETF 5.9 50 -5 2.2 +12.9
FMK First Trust Mega Cap AlphaDEX Fund 5.8 70 -25 5.3 +16.0
FPX First Trust US IPO Index Fund 5.5 59 -14 4.2 +14.9
LOUP Innovator Loup Frontier Tech ETF 5.5 70 -25 3.1 +13.9
IYK iShares U.S. Consumer Goods ETF 5.4 42 3 5.4 +16.1
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.0 65 -20 8.6 +19.4
YLCO Global X YieldCo Index ETF 4.9 65 -20 4.5 +15.3
IFRA iShares U.S. Infrastructure ETF 4.9 40 5 5.6 +16.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 4.8 15 30 4.8 +15.5
XSD SPDR S&P Semiconductor ETF 4.7 35 10 4.0 +14.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.5 46 -1 5.3 +16.0
NULC Nuveen ESG Large-Cap ETF 4.5 20 25 5.3 +16.0
FVD First Trust Value Line Dividend Index Fund 4.4 70 -25 6.2 +16.9
SDG iShares Sustainable MSCI Global Impact ETF 4.2 49 -4 6.2 +16.9
SPMO Invesco S&P 500 Momentum ETF 4.1 13 32 4.5 +15.2
PWB Invesco Dynamic Large Cap Growth ETF 4.1 55 -10 3.5 +14.2
XKII SPDR Kensho Intelligent Structures ETF 4.0 45 0 6.2 +17.0
AUSF Global X Adaptive U.S. Factor ETF 3.9 27 18 8.1 +18.9
QSY WisdomTree U.S. LargeCap Value Fund 3.9 38 7 6.8 +17.6
DVY iShares Select Dividend ETF 3.9 39 6 8.1 +18.8
GLIF AGFiQ Global Infrastructure ETF 3.8 45 0 5.1 +15.8
SLT Salt TruBeta High Exposure ETF 3.8 29 16 6.7 +17.4
YLDE ClearBridge Dividend Strategy ESG ETF 3.8 60 -15 5.0 +15.7
JDIV JPMorgan U.S. Dividend ETF 3.6 12 33 8.0 +18.7
SFYF SoFi 50 ETF 3.5 29 16 5.5 +16.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 3.5 35 10 3.7 +14.5
NULG Nuveen ESG Large-Cap Growth ETF 3.4 35 10 3.4 +14.2
FDIS Fidelity MSCI Consumer Discretionary Index ETF 3.4 8 37 3.8 +14.5
VXF Vanguard Extended Market Index Fund 3.4 7 38 3.8 +14.6
IZRL ARK Israel Innovative Technology ETF 3.4 49 -4 0.4 +11.1
ONEY SPDR Russell 1000 Yield Focus ETF 3.3 20 25 8.4 +19.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 3.3 34 11 5.2 +16.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.2 47 -2 6.4 +17.2
JKD iShares Morningstar Large-Cap ETF 3.2 20 25 5.9 +16.7
VFMO Vanguard U.S. Momentum Factor ETF 3.2 13 32 2.1 +12.9
OSCV Opus Small Cap Value Plus ETF 3.2 79 -34 5.8 +16.5
EQWL Invesco Russell Top 200 Equal Weight ETF 3.1 25 20 6.0 +16.8
ESGU iShares MSCI USA ESG Optimized ETF 3.0 15 30 5.2 +15.9
MOTO SmartETFs Smart Transportation & Technology ETF 3.0 68 -23 8.3 +19.0
SMDV ProShares Russell 2000 Dividend Growers ETF 3.0 40 5 7.0 +17.8
PEXL Pacer US Export Leaders ETF 3.0 60 -15 6.2 +17.0
IWX iShares Russell Top 200 Value ETF 3.0 20 25 7.0 +17.8
BUL Pacer US Cash Cows Growth ETF 3.0 60 -15 5.6 +16.3
FTHI First Trust High Income ETF 3.0 85 -40 5.5 +16.2
ACSI American Customer Satisfaction Core Alpha ETF 3.0 66 -21 6.1 +16.9
FDMO Fidelity Momentum Factor ETF 3.0 29 16 3.9 +14.7
DTEC ALPS Disruptive Technologies ETF 3.0 50 -5 3.5 +14.3
ECOZ TrueMark ESG Active Opportunities ETF 2.9 58 -13 4.4 +15.2
ESG FlexShares STOXX US ESG Impact Index Fund 2.9 32 13 5.2 +16.0
FLQL Franklin LibertyQ U.S. Equity ETF 2.9 15 30 6.3 +17.1
VFVA Vanguard U.S. Value Factor ETF 2.9 13 32 11.8 +22.6
NULV Nuveen ESG Large-Cap Value ETF 2.9 35 10 7.5 +18.2
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 2.8 60 -15 5.4 +16.1

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 Kensho Clean Power ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -23.0 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 45 bp
Equals: ALTAR Score -10.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.53
 
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.