SPDR Kensho Intelligent Structures ETF
ALTAR
Score™
8.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.8x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
XKII tracks an index of US-listed companies that focuses on smart building infrastructure, smart power grids, intelligent transportation infrastructure, and intelligent water infrastructure.

FUND BASICS
Category Global Equities
Fund Sponsor SSGA
Website us.spdrs.com
Inception date Dec 26, 2017
Assets (mns) $6
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) $22,998
Large cap (>$10bn) 39.1%
Mid cap ($2-10bn) 32.6%
Small cap (<$2bn) 28.3%
Developed mkts 98.3%
Emerging mkts 1.7%

TOP TEN HOLDINGS
ALARM.COM HOLDINGS INC 4.9 %
XYLEM INC 4.5 %
HONEYWELL INTERNATIONAL INC 4.0 %
QORVO INC 3.7 %
BADGER METER INC 3.7 %
ITRON INC 3.5 %
PENTAIR PLC 3.4 %
ACUITY BRANDS INC 3.4 %
LEAR CORP 3.4 %
CUBIC CORP 3.3 %
Total 37.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 68.7 %
BRITAIN 8.1 %
SWITZERLAND 8.0 %
IRELAND 3.3 %
CANADA 2.3 %
JAPAN 2.2 %
NETHERLANDS 1.8 %
SOUTH KOREA 1.7 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-29.1% -16.1% -- -- -10.2%

Market Correlations
versus... Beta R-squared
S&P500 1.32 87%
MSCI EAFE 1.34 83%
MSCI Emg. Mkts. 1.06 74%

Technical Indicators
Recent close $22.39
30d moving avg. $26.15
Annualized volatility 24.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.9%
Bid/Ask (% of price) 0.69%
ADV underlying (mns) $8,425

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: XKII Expense: 45 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XKII
Ticker Fund
Name
Overlap1
vs XKII
(%)
Expense
ratio
(bp)
Savings
vs XKII
(bp)
ALTAR
Score™
(%)
ALTAR
vs XKII
(%)
FIW First Trust Water ETF 21.3 55 -10 5.1 -3.6
SNSR Global X Internet of Things Thematic ETF 18.6 68 -23 6.5 -2.2
PHO Invesco Water Resources ETF 17.8 60 -15 4.9 -3.8
KOMP SPDR Kensho New Economies Composite ETF 13.7 20 25 2.8 -5.9
XKST SPDR Kensho Smart Mobility ETF 12.8 45 0 5.6 -3.0
DRIV Global X Autonomous & Electric Vehicles ETF 11.6 68 -23 8.6 -0.0
CGW Invesco S&P Global Water Index ETF 11.5 62 -17 5.1 -3.5
TBLU Tortoise Water Fund 11.2 40 5 6.3 -2.3
PZD Invesco Cleantech ETF 11.1 68 -23 6.5 -2.2
FTXL First Trust Nasdaq Semiconductor ETF 10.5 60 -15 7.1 -1.5
XSD SPDR S&P Semiconductor ETF 10.0 35 10 5.7 -3.0
MOTO SmartETFs Smart Transportation & Technology ETF 9.6 68 -23 12.2 +3.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 9.3 70 -25 6.1 -2.5
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 9.0 60 -15 2.4 -6.3
XLI Industrial Select Sector SPDR Fund 8.9 13 32 7.7 -0.9
RGI Invesco S&P 500 Equal Weight Industrials ETF 8.8 40 5 8.2 -0.5
GEX VanEck Vectors Global Alternative Energy ETF 8.8 63 -18 7.2 -1.5
VIS Vanguard Industrials Index Fund 8.7 10 35 8.0 -0.6
FIDU Fidelity MSCI Industrials Index ETF 8.7 8 37 7.8 -0.8
PIO Invesco Global Water ETF 8.4 75 -30 5.2 -3.5
SMH VanEck Vectors Semiconductor ETF 8.3 35 10 7.4 -1.3
IYJ iShares U.S. Industrials ETF 7.9 42 3 7.8 -0.8
PSCT Invesco S&P SmallCap Information Technology ETF 7.9 29 16 7.7 -0.9
IDRV iShares Self-driving EV & Tech ETF 7.8 47 -2 10.3 +1.7
JHMI John Hancock Multifactor Industrials ETF 7.4 40 5 8.5 -0.1
SOXX iShares PHLX Semiconductor ETF 7.3 46 -1 7.1 -1.6
AIRR First Trust RBA American Industrial Renaissance ETF 7.3 70 -25 9.8 +1.2
PAVE Global X U.S. Infrastructure Development ETF 7.1 47 -2 8.1 -0.6
ACES ALPS Clean Energy ETF 7.0 65 -20 2.1 -6.5
PSI Invesco Dynamic Semiconductors ETF 6.7 58 -13 7.2 -1.5
XTH SPDR S&P Technology Hardware ETF 6.6 35 10 7.4 -1.2
IFLY ETFMG Drone Economy Strategy ETF 6.5 75 -30 1.5 -7.1
PWV Invesco Dynamic Large Cap Value ETF 6.4 55 -10 10.6 +1.9
QTUM Defiance Quantum ETF 6.3 40 5 7.2 -1.4
TDV ProShares S&P Technology Dividend Aristocrats ETF 6.2 45 0 6.2 -2.4
DTEC ALPS Disruptive Technologies ETF 5.9 50 -5 5.1 -3.5
DSTL Distillate US Fundamental Stability & Value ETF 5.7 39 6 7.7 -0.9
RYT Invesco S&P 500 Equal Weight Technology ETF 5.6 40 5 8.2 -0.4
GDAT Goldman Sachs Motif Data-Driven World Etf 5.6 50 -5 6.9 -1.8
PPA Invesco Aerospace & Defense ETF 5.6 59 -14 7.1 -1.5
SPHQ Invesco S&P 500 Quality ETF 5.6 15 30 6.4 -2.3
JHMT John Hancock Multifactor Technology ETF 5.4 40 5 6.8 -1.8
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 5.4 50 -5 6.4 -2.3
CLRG IQ Chaikin U.S. Large Cap ETF 5.3 25 20 11.5 +2.9
EXI iShares Global Industrials ETF 5.3 46 -1 8.4 -0.3
FIVG Defiance Next Gen Connectivity ETF 5.3 30 15 5.5 -3.1
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 5.2 63 -18 9.5 +0.9
BIBL Inspire ETF 5.1 35 10 6.2 -2.4
PBW Invesco WilderHill Clean Energy ETF 5.1 70 -25 -0.6 -9.2
FLAG FLAG-Forensic Accounting Long Short ETF 5.1 152 -107 11.1 +2.4
PEXL Pacer US Export Leaders ETF 4.9 60 -15 9.0 +0.3
NULV Nuveen ESG Large-Cap Value ETF 4.6 35 10 9.3 +0.6
EVX VanEck Vectors Environmental Services ETF 4.6 56 -11 7.0 -1.7
REVS Columbia Research Enhanced Value ETF 4.6 19 26 9.9 +1.2
SUSA iShares MSCI USA ESG Select ETF 4.6 25 20 6.2 -2.4
LRGF iShares Edge MSCI Multifactor USA ETF 4.5 20 25 9.0 +0.4
BUL Pacer US Cash Cows Growth ETF 4.5 60 -15 7.9 -0.7
VLUE iShares Edge MSCI USA Value Factor ETF 4.4 15 30 14.4 +5.8
TPHD Timothy Plan High Dividend Stock ETF 4.3 52 -7 9.4 +0.7
XKCP SPDR Kensho Clean Power ETF 4.3 45 0 -14.9 -23.5
PY Principal Shareholder Yield Index ETF 4.3 29 16 12.6 +4.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 4.2 57 -12 6.3 -2.3
XNTK SPDR Morgan Stanley Technology ETF 4.2 35 10 5.4 -3.3
PRN Invesco DWA Industrials Momentum ETF 4.2 60 -15 15.1 +6.4
FITE SPDR Kensho Future Security ETF 4.2 45 0 5.2 -3.5
PSET Principal Price Setters Index ETF 4.2 29 16 7.1 -1.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 4.2 28 17 8.2 -0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 4.2 12 33 6.3 -2.4
HLAL Wahed FTSE USA Shariah ETF 4.2 50 -5 6.2 -2.5
OSCV Opus Small Cap Value Plus ETF 4.1 79 -34 7.9 -0.7
AIIQ AI Powered International Equity ETF 4.1 79 -34 6.4 -2.2
SYLD Cambria Shareholder Yield ETF 4.0 59 -14 15.3 +6.7
MGV Vanguard Mega Cap Value ETF 4.0 7 38 8.8 +0.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 4.0 25 20 7.7 -1.0
OUSA O'Shares FTSE US Quality Dividend ETF 3.9 48 -3 7.0 -1.7
VTV Vanguard Value Index Fund 3.9 4 41 9.1 +0.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 3.9 60 -15 9.1 +0.5
NACP Impact Shares NAACP Minority Empowerment ETF 3.9 75 -30 6.2 -2.5
SPYB SPDR S&P 500 Buyback ETF 3.9 35 10 11.6 +3.0
VFMF Vanguard U.S. Multifactor ETF 3.9 18 27 10.9 +2.3
VSL Volshares Large Capital ETF 3.8 65 -20 8.7 +0.1
FONE First Trust Indxx NextG ETF 3.8 70 -25 7.5 -1.1
IWX iShares Russell Top 200 Value ETF 3.8 20 25 8.7 +0.1
JVAL JPMorgan U.S. Value Factor ETF 3.8 12 33 11.9 +3.3
ACIO Aptus Collared Income Opportunity ETF 3.8 79 -34 6.6 -2.0
SCHV Schwab U.S. Large-Cap Value ETF 3.8 4 41 9.0 +0.3
RDVY First Trust Rising Dividend Achievers ETF 3.7 50 -5 10.1 +1.4
DEF Invesco Defensive Equity ETF 3.7 55 -10 6.4 -2.3
VONV Vanguard Russell 1000 Value Index Fund 3.7 8 37 9.3 +0.6
ACWF iShares FactorSelect MSCI Global ETF 3.6 35 10 10.1 +1.4
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 3.6 25 20 10.1 +1.5
IWD iShares Russell 1000 Value ETF 3.5 19 26 9.1 +0.5
GARD Reality Shares DIVCON Dividend Guard ETF 3.5 129 -84 4.7 -4.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 3.5 19 26 7.6 -1.1
RYJ Invesco Raymond James SB-1 Equity ETF 3.5 82 -37 5.1 -3.5
TPLC Timothy Plan US Large Cap Core ETF 3.5 52 -7 7.3 -1.3
RFV Invesco S&P Midcap 400 Pure Value ETF 3.5 35 10 16.6 +7.9
LEAD Reality Shares DIVCON Leaders Dividend ETF 3.4 43 2 5.7 -3.0
ARKQ Ark Industrial Innovation ETF 3.4 75 -30 1.6 -7.1
VGT Vanguard Information Technology Index Fund 3.4 10 35 6.2 -2.4

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 Intelligent Structures 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 13.4 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.50
 
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.