Materials Select Sector SPDR Fund
ALTAR
Score™
7.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.5x P/Sales
ratio
1.5x
P/BV
ratio
1.8x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Select Sector SPDRŽ holding S&P 500 stocks in the Basic Materials sector. The fund seeks investment results that, before expenses, generally correspond to the price and yield performance of the benchmark index. For product information and a prospectus visit www.sectorspdr.com.

FUND BASICS
Category US Equities
Fund Sponsor State Street Global Advisors
Website www.sectorspdrs.com
Inception date Dec 22, 1998
Assets (mns) $2,187
Currency USD
Expense ratio 13 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 29
Wgt avg mkt cap (mns) $37,643
Large cap (>$10bn) 86.2%
Mid cap ($2-10bn) 13.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PRAXAIR INC 17.8 %
AIR PRODUCTS & CHEMICALS INC 8.0 %
NEWMONT MINING CORP 7.7 %
ECOLAB INC 7.4 %
SHERWIN-WILLIAMS CO/THE 7.1 %
DOW CHEMICAL 4.5 %
DOW, INC. 4.3 %
BALL CORP 4.1 %
PPG INDUSTRIES INC 3.9 %
CORTEVA INC 3.4 %
Total 68.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 77.2 %
BRITAIN 22.8 %









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.
-26.2% -17.0% 0.5% 5.2% 6.0%

Market Correlations
versus... Beta R-squared
S&P500 1.05 86%
MSCI EAFE 1.03 80%
MSCI Emg. Mkts. 0.80 72%

Technical Indicators
Recent close $45.78
30d moving avg. $47.77
Annualized volatility 17.2%
Short interest (ETF) 21.7%
Short interest (Underlying) 3.4%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 15,340
Turnover 32.1%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $5,854

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: XLB Expense: 13 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XLB
Ticker Fund
Name
Overlap1
vs XLB
(%)
Expense
ratio
(bp)
Savings
vs XLB
(bp)
ALTAR
Score™
(%)
ALTAR
vs XLB
(%)
VAW Vanguard Materials Index Fund 80.2 10 3 8.0 +0.5
FMAT Fidelity MSCI Materials Index ETF 79.1 8 5 8.0 +0.5
IYM iShares U.S. Basic Materials ETF 73.9 42 -29 7.4 -0.1
RTM Invesco S&P 500 Equal Weight Materials ETF 67.0 40 -27 7.9 +0.3
JHMA John Hancock Multifactor Materials ETF 66.9 40 -27 8.9 +1.4
PYZ Invesco DWA Basic Materials Momentum ETF 37.0 60 -47 8.3 +0.7
MXI iShares Global Materials ETF 35.6 46 -33 8.0 +0.4
FXZ First Trust Materials AlphaDEX Fund 31.4 65 -52 9.8 +2.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 24.5 60 -47 8.4 +0.9
EQRR ProShares Equities for Rising Rates ETF 18.5 35 -22 11.0 +3.4
NANR SPDR S&P North American Natural Resources ETF 17.0 35 -22 4.8 -2.7
IGE iShares North American Natural Resources ETF 15.4 46 -33 5.7 -1.9
GNR SPDR S&P Global Natural Resources ETF 12.4 40 -27 8.3 +0.7
DIET Defiance Next Gen Food & Agriculture ETF 12.2 30 -17 5.7 -1.9
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 12.1 75 -62 6.7 -0.9
NOBL ProShares S&P 500 Dividend Aristocrats ETF 11.9 35 -22 7.1 -0.5
XME SPDR S&P Metals & Mining ETF 11.9 35 -22 11.7 +4.2
VOE Vanguard Mid-Cap Value Index Fund 10.7 7 6 10.2 +2.6
YLDE ClearBridge Dividend Strategy ESG ETF 10.5 60 -47 5.8 -1.7
CUT Invesco MSCI Global Timber ETF 10.2 55 -42 11.3 +3.8
GUNR Flexshares Morningstar Global Upstream Natural Resources 10.1 46 -33 7.6 0.0
DAX Global X DAX Germany ETF 9.5 20 -7 10.0 +2.5
SDOG ALPS Sector Dividend Dogs ETF 9.1 40 -27 13.1 +5.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 9.1 39 -26 14.1 +6.6
COWZ Pacer US Cash Cows 100 ETF 9.1 49 -36 13.1 +5.5
PEXL Pacer US Export Leaders ETF 8.7 60 -47 8.4 +0.9
FDVV Fidelity Core Dividend ETF 8.5 29 -16 9.3 +1.7
DTN WisdomTree U.S. Dividend ex-Financials Fund 8.5 38 -25 9.6 +2.1
JKI iShares Morningstar Mid-Cap Value ETF 8.5 30 -17 12.5 +5.0
TPHD Timothy Plan High Dividend Stock ETF 8.4 52 -39 8.9 +1.3
DVP Deep Value ETF 8.4 59 -46 20.9 +13.4
RPV Invesco S&P 500 Pure Value ETF 8.1 35 -22 16.1 +8.6
SPDV AAM S&P 500 High Dividend Value ETF 7.9 29 -16 13.7 +6.1
CSD Invesco S&P Spin-Off ETF 7.7 62 -49 11.2 +3.6
RING iShares MSCI Global Gold Miners ETF 7.7 39 -26 4.6 -2.9
GDX VanEck Vectors Gold Miners ETF 7.7 52 -39 3.9 -3.6
SGDM Sprott Gold Miners ETF 7.7 50 -37 3.1 -4.5
NUMV Nuveen ESG Mid-Cap Value ETF 7.6 40 -27 11.2 +3.7
CZA Invesco Zacks Mid-Cap ETF 7.6 76 -63 8.7 +1.2
PIO Invesco Global Water ETF 7.4 75 -62 5.0 -2.5
PHO Invesco Water Resources ETF 7.4 60 -47 4.6 -2.9
SPVU Invesco S&P 500 Enhanced Value ETF 7.3 13 0 14.9 +7.4
FTAG First Trust Indxx Global Agriculture ETF 7.3 70 -57 8.1 +0.5
VEGI iShares MSCI Global Agriculture Producers ETF 7.3 39 -26 7.2 -0.4
MOO VanEck Vectors Agribusiness ETF 7.3 54 -41 6.7 -0.8
MAGA Point Bridge GOP Stock Tracker ETF 7.1 72 -59 8.7 +1.2
SPYD SPDR S&P 500 High Dividend ETF 6.9 7 6 13.4 +5.8
PAVE Global X U.S. Infrastructure Development ETF 6.9 47 -34 7.8 +0.2
ONEY SPDR Russell 1000 Yield Focus ETF 6.8 20 -7 11.4 +3.9
FTA First Trust Large Cap Value AlphaDEX Fund 6.8 60 -47 11.5 +3.9
SPHB Invesco S&P 500 High Beta ETF 6.7 25 -12 10.5 +3.0
HAP VanEck Vectors Natural Resources ETF 6.6 50 -37 8.1 +0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 6.6 29 -16 9.8 +2.3
FTCS First Trust Capital Strength ETF 6.4 60 -47 5.8 -1.8
VO Vanguard Mid-Cap Index Fund 6.2 4 9 7.2 -0.4
WBIY WBI Power Factor High Dividend ETF 6.0 70 -57 18.6 +11.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 6.0 17 -4 8.7 +1.2
TMDV ProShares Russell US Dividend Growers ETF 6.0 35 -22 6.2 -1.3
SDY SPDR S&P Dividend ETF 6.0 35 -22 7.7 +0.2
RBUS Nationwide Risk-Based U.S. Equity ETF 5.9 30 -17 6.8 -0.7
SLVP iShares MSCI Global Silver Miners ETF 5.8 39 -26 2.5 -5.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 5.7 19 -6 7.9 +0.3
DVY iShares Select Dividend ETF 5.7 39 -26 10.1 +2.6
ESGS Columbia Sustainable U.S. Equity Income ETF 5.7 35 -22 11.5 +3.9
JDIV JPMorgan U.S. Dividend ETF 5.6 12 1 10.2 +2.7
RSP Invesco S&P 500 Equal Weight ETF 5.5 20 -7 8.2 +0.7
SLT Salt TruBeta High Exposure ETF 5.4 29 -16 11.4 +3.8
IWS iShares Russell Mid-Cap Value ETF 5.2 24 -11 9.4 +1.8
GRES IQ Global Resources ETF 5.2 77 -64 8.9 +1.3
RPG Invesco S&P 500 Pure Growth ETF 5.2 35 -22 6.0 -1.5
QSY WisdomTree U.S. LargeCap Value Fund 5.2 38 -25 9.1 +1.5
QVAL Alpha Architect U.S. Quantitative Value ETF 5.2 49 -36 16.4 +8.9
TPLC Timothy Plan US Large Cap Core ETF 5.1 52 -39 6.9 -0.7
FVL First Trust Value Line 100 Exchange-Traded Fund 5.1 70 -57 5.2 -2.4
BLES Inspire Global Hope Large Cap ETF 5.1 61 -48 8.5 +1.0
PRN Invesco DWA Industrials Momentum ETF 5.1 60 -47 5.9 -1.6
BUL Pacer US Cash Cows Growth ETF 5.0 60 -47 7.4 -0.1
HLAL Wahed FTSE USA Shariah ETF 5.0 50 -37 5.8 -1.7
LVUS Hartford Multifactor Low Volatility US Equity ETF 4.9 19 -6 7.3 -0.2
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 4.9 35 -22 10.8 +3.3
IYJ iShares U.S. Industrials ETF 4.8 42 -29 7.5 -0.1
PVAL Principal Contrarian Value Index ETF 4.8 29 -16 9.9 +2.4
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 4.7 25 -12 7.3 -0.3
KLCD KFA Large Cap Quality Dividend Index ETF 4.7 41 -28 6.3 -1.2
PDP Invesco DWA Momentum ETF 4.7 62 -49 3.5 -4.1
PKB Invesco Dynamic Building & Construction ETF 4.7 60 -47 11.4 +3.9
VSL Volshares Large Capital ETF 4.7 65 -52 15.5 +8.0
BIBL Inspire ETF 4.7 35 -22 5.8 -1.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 4.6 9 4 7.9 +0.3
SUSA iShares MSCI USA ESG Select ETF 4.6 25 -12 5.9 -1.7
EUSA iShares MSCI USA Equal Weighted ETF 4.6 15 -2 7.9 +0.4
EQAL Invesco Russell 1000 Equal Weight ETF 4.5 20 -7 7.1 -0.4
FEX First Trust Large Cap Core AlphaDEX Fund 4.4 60 -47 7.6 +0.0
NULG Nuveen ESG Large-Cap Growth ETF 4.4 35 -22 4.5 -3.1
DON WisdomTree U.S. MidCap Dividend Fund 4.3 38 -25 10.4 +2.8
FAB First Trust Multi Cap Value AlphaDEX Fund 4.3 71 -58 12.6 +5.1
DJD Invesco Dow Jones Industrial Average Dividend ETF 4.3 7 6 7.9 +0.4
ABEQ Absolute Core Strategy ETF 4.3 85 -72 5.5 -2.1
SIZE iShares Edge MSCI USA Size Factor ETF 4.3 15 -2 7.8 +0.2
HUSV First Trust Horizon Managed Volatility Domestic ETF 4.2 70 -57 6.3 -1.3

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:
Materials Select Sector SPDR Fund
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 13.5 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.