SPDR Kensho Smart Mobility
ALTAR
Score™
3.8% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
48.4x P/Sales
ratio
0.8x
P/BV
ratio
2.9x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
XKST tracks an index of US-listed companies that focuses on autonomous vehicle technology, drone technology, and advanced transportation tracking and transport optimization systems.

FUND BASICS
Category Global Equities
Fund Sponsor SSGA
Website us.spdrs.com
Inception date Dec 26, 2017
Assets (mns) $7
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 63
Wgt avg mkt cap (mns) $42,411
Large cap (>$10bn) 48.9%
Mid cap ($2-10bn) 26.4%
Small cap (<$2bn) 24.7%
Developed mkts 91.7%
Emerging mkts 8.4%

TOP TEN HOLDINGS
NIO INC. SPONSORED ADR CLASS A 4.6 %
TESLA MOTORS INC 3.5 %
BALLARD POWER SYSTEMS INC 3.5 %
UBER TECHNOLOGIES, INC. 2.9 %
PLUG POWER INC 2.7 %
TRIMBLE NAVIGATION LTD 2.5 %
YANDEX NV-A 2.4 %
LEAR CORP 2.3 %
AVIS BUDGET GROUP INC 2.3 %
FORTIVE CORP. 2.3 %
Total 29.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 69.3 %
CHINA 6.0 %
BRITAIN 4.0 %
JAPAN 3.9 %
NETHERLANDS 3.9 %
CANADA 3.5 %
IRELAND 3.4 %
SWITZERLAND 1.5 %
INDIA 1.5 %
TAIWAN 1.3 %

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.
30.6% 30.6% -- -- 2.2%

Market Correlations
versus... Beta R-squared
S&P500 1.56 86%
MSCI EAFE 1.69 78%
MSCI Emg. Mkts. 1.21 65%

Technical Indicators
Recent close $31.03
30d moving avg. $30.44
Annualized volatility 24.6%
Short interest (ETF) 2.4%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $14,008

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the SPDR Kensho Smart Mobility ETF based on the alternatives' overlap in portfolio holdings with XKST. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XKST Expense: 45 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XKST
Ticker Fund
Name
Overlap1
vs XKST
(%)
Expense
ratio
(bp)
Savings
vs XKST
(bp)
ALTAR
Score™
(%)
ALTAR
vs XKST
(%)
DRIV Global X Autonomous & Electric Vehicles 24.4 68 -23 7.0 +3.2
KARS KraneShares Electric Vehicles & Future Mobility Index 21.7 70 -25 6.0 +2.1
KOMP SPDR Kensho New Economies Composite 21.4 20 25 2.0 -1.9
IDRV iShares Self-driving EV & Tech 20.5 47 -2 8.2 +4.4
GMAN Goldman Sachs Motif Manufacturing Revolution 19.7 50 -5 4.4 +0.6
ARKQ ARK Industrial Innovation 17.1 75 -30 0.8 -3.1
EKAR Innovation Shares NextGen Vehicles & Technology 16.1 95 -50 6.7 +2.8
LOUP Innovator Loup Frontier Tech 15.4 70 -25 3.5 -0.4
XNTK SPDR NYSE Technology 14.9 35 10 4.8 +0.9
PBW Invesco WilderHill Clean Energy 14.8 70 -25 -1.2 -5.0
XKII SPDR Kensho Intelligent Structures 13.7 45 0 6.0 +2.2
QTUM Defiance Quantum 12.1 40 5 5.5 +1.6
XKCP SPDR Kensho Clean Power 11.9 45 0 -9.8 -13.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics 11.7 65 -20 2.9 -1.0
QTEC First Trust NASDAQ 100 Tech 11.3 57 -12 5.2 +1.4
SMH VanEck Vectors Semiconductors 11.0 35 10 5.7 +1.9
IFLY ETFMG Drone Economy Strategy 10.6 75 -30 0.6 -3.3
PZD Invesco Cleantech 10.1 68 -23 4.4 +0.5
QCLN First Trust NASDAQ Clean Edge Green Energy 10.0 60 -15 1.3 -2.6
SOXX iShares PHLX SOX Semiconductor 9.9 46 -1 5.4 +1.6

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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 Smart Mobility
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.2 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.54
 
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.