The Communication Services Select Sector SPDR Fund
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.8x P/Sales
ratio
2.8x
P/BV
ratio
3.0x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Communication Services Select Sector SPDR Fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index.

FUND BASICS
Category US Equities
Fund Sponsor SSGA
Website www.sectorspdr.com
Inception date Jun 18, 2018
Assets (mns) $9,455
Currency USD
Expense ratio 13 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $425,250
Large cap (>$10bn) 98.2%
Mid cap ($2-10bn) 1.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FACEBOOK 20.9 %
ALPHABET INC. CLASS A 11.7 %
ALPHABET INC. CLASS C 11.6 %
T-MOBILE US, INC. 5.3 %
ELECTRONIC ARTS INC 4.6 %
ACTIVISION BLIZZARD INC 4.5 %
CHARTER COMMUNICATIONS, INC. CLASS 4.4 %
WALT DISNEY CO/THE 4.3 %
NETFLIX INC 4.2 %
COMCAST CORP-CL A 4.0 %
Total 75.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










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.
1.0% 15.8% -- -- 5.6%

Market Correlations
versus... Beta R-squared
S&P500 0.96 86%
MSCI EAFE 1.00 77%
MSCI Emg. Mkts. 0.78 67%

Technical Indicators
Recent close $54.62
30d moving avg. $51.74
Annualized volatility 21.3%
Short interest (ETF) 1.4%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 4,134
Turnover 2.4%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $33,102

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: XLC Expense: 13 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XLC
Ticker Fund
Name
Overlap1
vs XLC
(%)
Expense
ratio
(bp)
Savings
vs XLC
(bp)
ALTAR
Score™
(%)
ALTAR
vs XLC
(%)
FCOM Fidelity MSCI Telecommunication Services Index ETF 77.2 8 5 5.1 -0.9
VOX Vanguard Telecommunication Services Index Fund 76.3 10 3 4.9 -1.1
IXP iShares Global Comm Services ETF 65.9 46 -33 5.8 -0.2
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 64.3 40 -27 7.6 +1.6
JHCS John Hancock Multifactor Media & Communications ETF 63.5 40 -27 5.6 -0.4
IEME iShares Evolved U.S. Media & Entertainment ETF 40.5 18 -5 7.3 +1.3
PBS Invesco Dynamic Media ETF 25.6 63 -50 -2.6 -8.6
TTTN UP Fintech China-U.S. Internet Titans ETF 23.2 59 -46 5.0 -0.9
JOYY Infusive Compounding Global Equities ETF 21.7 50 -37 3.9 -2.1
FDN First Trust Dow Jones Internet Index Fund 21.4 52 -39 2.5 -3.5
QYLD Global X NASDAQ 100 Covered Call ETF 21.2 60 -47 3.7 -2.3
PNQI Invesco NASDAQ Internet ETF 20.7 62 -49 1.2 -4.8
NUSI Nationwide Risk-Managed Income ETF 20.3 68 -55 3.7 -2.3
QQQ Invesco QQQ Trust 19.8 20 -7 4.1 -1.9
FMK First Trust Mega Cap AlphaDEX Fund 19.2 70 -57 5.2 -0.8
VEGN US Vegan Climate ETF 18.9 60 -47 5.3 -0.7
SOCL Global X Social Media ETF 18.5 65 -52 2.3 -3.7
IYC iShares U.S. Consumer Services ETF 18.3 42 -29 4.1 -1.9
XLG Invesco S&P 500 Top 50 ETF 18.0 20 -7 4.7 -1.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 17.7 12 1 4.9 -1.1
IGM iShares North American Tech ETF 17.7 46 -33 4.0 -1.9
MILN Global X Millennials Thematic ETF 17.4 50 -37 2.6 -3.3
ENTR Entrepreneur 30 Fund 16.5 49 -36 3.3 -2.7
DUSA Davis Select U.S. Equity ETF 16.5 63 -50 5.6 -0.3
TMFC Motley Fool 100 Index ETF 16.5 50 -37 4.0 -2.0
MGK Vanguard Mega Cap Growth ETF 16.2 7 6 4.3 -1.6
LRGE ClearBridge Large Cap Growth ESG ETF 15.7 60 -47 4.0 -2.0
IETC iShares Evolved U.S. Technology ETF 15.7 18 -5 4.1 -1.8
GVIP Goldman Sachs Hedge Industry VIP ETF 15.6 45 -32 5.0 -0.9
GENY Principal Millennials Index ETF 15.4 45 -32 4.0 -2.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 15.4 21 -8 3.2 -2.8
OEF iShares S&P 100 ETF 15.0 20 -7 4.9 -1.1
SPXT ProShares S&P 500 Ex-Technology ETF 14.8 27 -14 5.6 -0.4
IYZ iShares U.S. Telecommunications ETF 14.1 42 -29 7.7 +1.8
CACG ClearBridge All Cap Growth ETF 14.1 54 -41 4.5 -1.5
VUG Vanguard Growth Index Fund 13.8 4 9 4.2 -1.8
BVAL Brand Value ETF 13.8 65 -52 5.9 -0.1
IWY iShares Russell Top 200 Growth ETF 13.8 20 -7 4.3 -1.6
DSI iShares MSCI KLD 400 Social ETF 13.5 25 -12 5.2 -0.7
JKE iShares Morningstar Large-Cap Growth ETF 13.5 25 -12 3.5 -2.5
SCHG Schwab U.S. Large-Cap Growth ETF 13.5 4 9 4.3 -1.7
VOOG Vanguard S&P 500 Growth ETF 13.2 10 3 4.4 -1.6
SPYG SPDR Portfolio S&P 500 Growth ETF 13.2 4 9 4.5 -1.5
IVW iShares S&P 500 Growth ETF 13.2 18 -5 4.3 -1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 13.1 60 -47 4.6 -1.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 13.1 60 -47 3.5 -2.5
NACP Impact Shares NAACP Minority Empowerment ETF 13.0 75 -62 4.5 -1.5
SPXV ProShares S&P 500 Ex-Health Care ETF 12.9 27 -14 5.1 -0.9
SPXN ProShares S&P 500 Ex-Financials ETF 12.6 27 -14 5.1 -0.9
IWL iShares Russell Top 200 ETF 12.6 15 -2 5.1 -0.8
ACSI American Customer Satisfaction Core Alpha ETF 12.6 66 -53 5.9 -0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 12.4 15 -2 6.2 +0.3
SNPE Xtrackers S&P 500 ESG ETF 12.4 11 2 5.2 -0.8
IUSG iShares Core S&P US Growth ETF 12.4 4 9 4.5 -1.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 12.4 47 -34 6.4 +0.4
MGC Vanguard Mega Cap Index Fund 12.1 7 6 5.3 -0.7
XNTK SPDR Morgan Stanley Technology ETF 12.0 35 -22 4.0 -2.0
XTL SPDR S&P Telecom ETF 11.9 35 -22 4.9 -1.0
PBP Invesco S&P 500 BuyWrite ETF 11.9 49 -36 5.1 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 11.8 19 -6 5.6 -0.4
HSPX Global X S&P 500 Covered Call ETF 11.8 65 -52 4.9 -1.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 11.8 15 -2 6.6 +0.6
OGIG O'Shares Global Internet Giants ETF 11.8 48 -35 0.5 -5.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 11.6 15 -2 4.8 -1.1
ESG FlexShares STOXX US ESG Impact Index Fund 11.4 32 -19 5.2 -0.8
VONG Vanguard Russell 1000 Growth Index Fund 11.3 8 5 4.4 -1.5
IWF iShares Russell 1000 Growth ETF 11.3 19 -6 4.3 -1.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 11.3 20 -7 5.5 -0.5
SPXE ProShares S&P 500 Ex-Energy ETF 11.3 27 -14 5.4 -0.6
TECB iShares US Tech Breakthrough Multisector ETF 11.2 40 -27 4.1 -1.8
ESGV Vanguard ESG U.S. Stock ETF 11.2 12 1 5.3 -0.7
EPS WisdomTree U.S. Earnings 500 Fund 11.2 8 5 6.4 +0.4
HERO Global X Video Games & Esports ETF 11.1 50 -37 3.1 -2.9
ESPO VanEck Vectors Video Gaming & eSports ETF 11.1 55 -42 3.0 -3.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 11.1 49 -36 4.2 -1.8
WOMN Impact Shares YWCA Women's Empowerment ETF 11.1 75 -62 4.5 -1.4
DWLD Davis Select Worldwide ETF 11.1 64 -51 6.6 +0.6
QUAL iShares MSCI Usa Quality Factor ETF 11.1 15 -2 5.4 -0.6
CATH Global X S&P 500 Catholic Values Custom ETF 11.0 29 -16 5.3 -0.7
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 11.0 60 -47 3.1 -2.9
SPLG SPDR Portfolio Large Cap ETF 11.0 3 10 5.5 -0.5
IQSU IQ Candriam ESG US Equity ETF 10.9 9 4 5.3 -0.7
IVV iShares Core S&P 500 ETF 10.9 4 9 5.5 -0.5
SPY SPDR S&P 500 ETF Trust 10.9 9 4 5.4 -0.6
VOO VANGUARD S&P 500 ETF 10.9 3 10 5.5 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 10.9 20 -7 5.0 -1.0
GBUY Goldman Sachs Motif New Age Consumer ETF 10.9 50 -37 2.1 -3.9
EXT WisdomTree U.S. Total Earnings Fund 10.8 28 -15 5.7 -0.2
SYE SPDR MFS Systematic Core Equity ETF 10.8 60 -47 5.9 -0.1
IWX iShares Russell Top 200 Value ETF 10.7 20 -7 6.9 +0.9
VV Vanguard Large-Cap Index Fund 10.6 4 9 5.3 -0.7
SYG SPDR MFS Systematic Growth Equity ETF 10.6 60 -47 4.6 -1.3
IUS Invesco Strategic US ETF 10.6 19 -6 6.2 +0.2
PBUS Invesco PureBeta MSCI USA ETF 10.6 4 9 5.3 -0.6
RECS Columbia Research Enhanced Core ETF 10.5 15 -2 5.6 -0.3
FTCS First Trust Capital Strength ETF 10.4 60 -47 4.9 -1.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 10.4 2 11 5.4 -0.6
AIQ Global X Future Analytics Tech ETF 10.4 68 -55 4.2 -1.8
SUSL iShares ESG MSCI USA Leaders ETF 10.4 10 3 5.4 -0.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 10.4 10 3 5.4 -0.6

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%.

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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:
The Communication Services 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 17.5 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.